The authority shall have the following powers and duties formerly vested in and imposed upon the Colorado river commission:
1. Gathering of data regarding projects for the development and use in the state of power from the waters of the Colorado river.
2. Discovery of potential users of power and encouragement of feasible enterprises looking to the utilization of Colorado river power.
3. Any other rights, powers and duties of the Colorado river commission pertaining to the development and sale of power, including the application pending before the federal power commission for a permit to construct Bridge Canyon dam.