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<br />. <br /> <br />fIDOOm~1J <br /> <br />. <br /> <br />Table 5.--Irrigation payment capacity <br /> <br />Dollars per acre-foot <br /> <br />Payment capacity at farm headgate <br />Adjusted for 38 percent distribution system loss <br />Adjusted for 15 percent river loss <br /> <br />$17.60 <br />10.90 <br />9.30 <br />9.30 <br />0.90 <br />$ 8.40 <br /> <br />Payment capacity at Narrows Dam <br />Less annual OM&R <br />Available for repayment of construction obligation <br /> <br />Using the derived annual payment of $8.40/acre-foot irrigators woul d <br />repay about $907,000 annually or about $45.35 million over a 50-year <br />repayment period. In addition, the irrigators utilizing Jackson Lake <br />would make payments as a result of OM&R savings from replacement <br />service. In total, more than $46 million of the approximate <br />$126 million project cost allocated to irrigation will be paid <br />di rectl y by i rri gators. The remai nder wi 11 be pai d from Pi ck-Sl oan <br /> <br />Mi ssouri Basin Program power revenues as provided in the authorizing <br />act. <br /> <br />The current cost of developing irrigation water in this area, based on <br />well costs, is about $20 per acre-foot and includes energy for pumping <br />at about $7 per acre-foot. Thi s compares to the $17.60 per acre-foot <br />payment capacity at the farm headgate as set forth in table 5. <br /> <br />Municipal and Industrial Water Supply <br /> <br />The M&I evaluations are based on a water supply of 25,000 acre-feet. <br /> <br />M&I water users will fully repay allocated project costs and interest <br /> <br />during construction adjusted to a 5.116 percent rate, which amounts to <br /> <br />about $106 million. Interest on the above obligation will be charged at <br /> <br />13 <br />