I found this story, from my paper today, really interesting. A little town that disappeared (& was relocated) when flooded to make way for the Snowy Hydro-electricity Scheme. Now it's reappearing as the water level of the huge artificial lake recedes dramatically as a result of the drought.:
Lake Eucumbene is down, but the fish are still jumping
May 9, 2007/the AGE

Dying pastime? Local fisherman Colin Sinclair casts a line on a much reduced Lake Eucumbene.
Photo: Angela Wylie
After the rain stopped and their dam dropped, the people of Adaminaby adjusted - and found new lures for tourists, writes Gabriella Coslovich.
LAKE Eucumbene, in the ruggedly beautiful high country of south-eastern NSW, is a dramatic symbol of the ingenuity of humankind.
The artificial lake is the central storage dam of one of the world's greatest engineering feats ?- the Snowy Mountains hydro-electricity scheme.
As the locals will tell you, when the lake is full, it holds about nine times the water of Sydney Harbour. They will also tell you that it is has dropped to one Sydney Harbour.
Drought has left Snowy Hydro with so little water that the company's managing director, Terry Charlton, last week told the annual conference of the NSW Country Women's Association, held in the Snowy Mountains, that it was crunch time.
To survive climate change, the company would need to be privatised so it could diversify its power generation and better serve irrigators' needs, he said.
He was a brave man to raise the spectre of privatisation in such company. The last time the government-owned company tried to go private it failed because of public opposition ?- and among the most vocal opponents was the CWA.
From the air, the effects of prolonged drought are starkly evident ?- the exposed banks of Lake Eucumbene are deeply scarred with concentric circles of mud and stippled with the trunks of dead gums that look like bent silver toothpicks.
Statistics tell an equally graphic story: 10 years ago, the lake was 85 per cent full, now it is 13.2 per cent full. Most alarming is the rate at which the water is falling. In January last year, the lake was 54.2 per cent full, by January this year, it was down to 22 per cent ?- and it has taken just four months to fall to its current level.
Fifty years ago, the old town of Adaminaby disappeared like the mythical city of Atlantis under the waters of Lake Eucumbene, flooded to make way for the Snowy Hydro scheme and relocated nine kilometres north-east. <cont>
http://www.theage.com.au/news/national/lake-eucumbene-is-down-but-the-fish-are-still-jumping/2007/05/08/1178390307890.html?page=fullpage#contentSwap1