See also https://en.wikipedia.org/wiki/International_Control_Dam
Given the current state of the Upper Colorado River basin snow pack, there is a not-insignificant chance that Lake Powell will recede below a minimum power generating level by the end of this year for the first time ever.
I'd expect there's not a big effect on the ultimate amount of water being released downstream either way.
The max is like a car engine’s redline. That the car can hit it doesn’t mean you should at all times.
From that https://youtu.be/jvnaiHFT6nQ is a visualization of the water releases for the river to allow the water to get to the right dam for the anticipated power use.
7MW is the amount of power you can get from a couple of diesel gensets, waaaay smaller than even a small power plant
[https://www.cat.com/en_US/products/new/power-systems/electri...]
edit: Parent got edited; it was talking about $0.02/kwh initially.