Known as the Sugarloaf - Rubicon Project, the initial plan involved five power stations, with total turbine capacity of ; it would be the largest power scheme on the State Rivers and Water Supply Commission of Victoria's ongoing construction of Sugarloaf storage reservoir for irrigation. It is now called Lake Eildon. The four other power stations were situated with two on the Rubicon, one on the Royston, and one on Snobs Creek. These plans were later altered, the Snobs Creek station deleted, and an additional station provided at Rubicon Falls, bringing the installed turbine capacity to over . The Sugarloaf Power Station generated electricity during the irrigation season from October to April, when water released from this dam could also be used for power generation. The other four power stations were used during the rainy seasons of winter and spring.