Construction of the Rafferty-Alameda project in southeastern Saskatchewan was nearly completed in 1991 when a Canadian federal environmental impact assessment (EIA), activated and carried out in much controversy, was completed. Several recommendations were made with respect to mitigating and monitoring the potential negative impacts of the project. This paper reports the proponent’s response to the recommendations of the panel. Subsequent related events have had an impact on the project. An agreement with some landowners near the Alameda reservoir has led to the top 10 m of this reservoir being used only for flood control. Also, 1994, 1996 and 1997 were high flow years, resulting in the filling of both reservoirs by the end of the 1997 spring season, much sooner than envisioned at the time of construction of the project. The panel’s main concern was the potential deterioration of water quality and its impacts on fish and wildlife habitat. Ponding of water in the two reservoirs was expected to increase nutrient levels, leading to anoxic conditions, with resultant negative effects on both fish and waterfowl habitat in the reservoirs. Reduction of flow downstream of the reservoirs was expected to negatively impact fish and waterfowl habitat downstream of the project in North Dakota. The high flow regime of the past three years has led to good quality habitat for both fish and waterfowl. The fish population has increased significantly in both reservoirs, leading to enhanced recreational fisheries. However, mercury levels in fish have risen, and sampling and fish consumption advisories are in place. Loss of waterfowl habitat has been mitigated by the high reservoir levels, particularly since the main species of waterfowl can breed in the fenced-off areas around the reservoirs. The reserved lands purchased by the proponent are good habitat for other wildlife species, including deer and other ungulates. Overall, the project is producing many of the benefits originally claimed by the proponent, benefits magnified by the high flow regime of the past few years. The proponent has successfully instituted several measures to mitigate some of the negative impacts.