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<br /> <br />12 <br /> <br />COLORADO <UVER. STORAGE. .l'1I0JECT <br /> <br />rate be paid by the Gov~rnmenV8 customers. This would have the result, in <br />the words of the House committee, of "adversely affecting consumer power rates." <br />. If it is tlS:luffied that -the firm power would 'be- saId at the same .rate under aU.. <br />Federal construction as that required under the utility proposal, the analysis <br />would, more heavily favor _ all.Federal construotion in that the power allocation <br />and irrigation allocation would be repaid- in less time and -the irrigation assistance <br />would be available at an_~arliel' date and in larger quantities. <br />Although the utility proposal. would result in the United States saving ,con.. <br />struction and' operation land maintenance costs, these- savings, together with <br />allowancea for. assumed..Eederal inoome'taxes forgone and imputed interest costs <br />on the, irrigation allocation. of the storage units, are less than the increased oosts <br />Qf power. ,This situation exists even under the condition of selling power at <br />6 mills ,under Fed.eral constr.uc.tion and 6.57 mills under the utility proposal. <br />Forthes.e reasons it-is ooncluded that the,util~ty.proposal should.not he accepted. <br /> <br />RECOMME~D.ATION8 <br />The Bureau recommeIids: <br />1."Tb.e "Financi~l aud Power Rate Analxsis of September ,19'60," be <br />app:foved for use. ~ a basis, for developing ,definitive rate sohedules fOf aale <br />of. Colorado River storAge projeot power. ' <br />2. CopeMuctioll.9f an alJ~Federal transmission system consistent with the <br />require.mente- of. th~' power. marketing area and criteria approved May 17, <br />1960, be, approved! and construction funds for lines', in' .'addition to those <br />presently under construction be included in the fiscal year 1962 requests, for <br />, appropriation. . - <br />3.. The-B.urea,u conduct negotiations with each private \l,tility to determine <br />the extent, to which and the conditions under which the Bureau, might obtain, <br />interconnections b~tweeJl the Federal system and that utility1s system. <br />FLoOYD E. DOMIN'Y. <br /> <br />Approved: January 16, 1961. <br /> <br />FRE1> A. SEA,TON, <br />Secretary of the Interior. <br /> <br />;-y.' <br />