Those new to this site, be aware that pumped hydro is inefficient. The only reason it is used in those places where its found is that, the very expensive coal-fired generating plants are already installed, and they cannot be allowed to cool down during low demand hours (late at night) so that they can work during peak demand hours (air-conditioning demand during the hot part of the day).
We currently cannot just get rid of the coal-plants. Sometimes there is a low-rain/snow year, and the reservoirs get very low. The water reservoirs are NEEDED for high peak demand during the daytime in summer, because no new coal plants are allowed to be built...but the population just keeps getting bigger.
Since the coal-fired plant has to run at night anyways (to stay hot)...might as well use the electricity to pump some water from down-stream back into the reservoir so it can pass through the hydro plant during peak hours.
Its like spending $10 in coal to regain $5 in hydro electricity during the night...but as long as you have to spend the $10 in coal whether you use it or not, might as well get back $5...better than nothing.
If the water reservoir is high in a certain year, we use more hydro and less coal (during the winter only). If the reservoirs are low, we don't use ANY hydro in the winter, so there is at least SOME reserve for the following summer demand (no shortage of coal, though...the USA is the Saudi Arabia of coal).
Because of heat losses, you will always get less watts from the water flowing down, than the watts used to pump it back up to the top.