NOVELTY - The method involves mounting submerged lower storage reservoirs (109) on a floor of a body of water. The lower storage reservoirs are vented to air directly above an upper water level (108) of the body of water. Water is purged from the lower storage reservoirs with compressed air after a period of power generation. Wind turbines (124) are anchored or supported by underwater structures to supply electricity and compressed air, and motor/generator is driven directly by a turbine rotor.    USE - Method for generating power and energy i.e. underwater renewable energy, using a power-generating pump/turbine energy storage system.    ADVANTAGE - The method generates high voltage, low ampere variable frequency alternating current (AC) for transmission to the shore, and converts direct current (DC) into a pure AC waveform to match the power grids using power electronics. The method utilizes the air to operate a well type turbine to generate additional energy, provides the intake/discharge sections with a coating, and makes surfaces to be smooth to promote higher efficiency flow. The method uses man made submerged lower storage reservoirs mounted on the floor of the body of water that are at the same pressure and vented to the air directly above the upper water level of the body of water. The method enables power generation plants to be located close to load centers such as cities, along coastal areas. The method ensures cycle efficiency based on tidal range. The lower reservoir and associated underwater structures can be used to anchor or support offshore wind turbines to supply additional renewable energy in the form of high pressure air or electricity.    DETAILED DESCRIPTION - An INDEPENDENT CLAIM is also included for an electrical power and energy generating apparatus.    DESCRIPTION OF DRAWING(S) - The drawing shows a schematic view of an electrical power and energy generating apparatus.    Upper water level (108)    Lower storage reservoirs (109)    Upper bridge crane (112)    Compressed air storage tank (123)    Wind turbines (124)