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<br /> <br />cost allocation results in postponing repayment of a substantial <br /> <br />amount of Federal investment fro~ the period 2024 or before (when <br /> <br />power investment is to be repaid,! with interest) to the period 2061- <br />! <br />2137 wnen much of the future irri~ation investment is projected in <br /> <br />the PRS to be repaid, without interest. Power revenue requirements <br /> <br />are lowered accordingly, and the interest isred.uc.ed"1l1iltertally. <br /> <br />Als~ as a result of this method the Corps has for years allocated <br />, <br />! <br />annual O&M expenses of joint use ~acilities to irrigation although <br /> <br />most of these expenses are not related to any current irrigation oper- <br />.....-.._..-.. ----... ...___.___.._____..___~__.__,__ .._ . - .__ u_._ . _.,_ _ _________. <br /> <br />ations. For some reason these expenses are classified totally non- <br /> <br />i <br />reimbursable by the Corps, are nOf reflected in repayment studies, and <br /> <br />will not be repaid to' the'.Treasurir even as part of the irrigation <br /> <br />assistance to be recovered through power revenues. For fiscal year <br /> <br />1976 and the transition quarter, t\1e Corps accounts include the fOllOWing <br /> <br />O&M costs assigned to irrigation: <br /> <br />Corps Dam <br /> <br />O&~ 15-Month Total <br /> <br />Garrison <br />Oahe <br />Fort Peck <br /> <br />$720,275 <br />622,1.39 <br />560,799 <br /> <br />Total <br /> <br />1,903,213 <br /> <br />I <br />We were unable to identify throug1 Corps records the accumulated amount <br /> <br />of such expenses since Pick-Sloan!operations began which have been <br /> <br />classified nonreimbursable by theiCorps, but it is bound to be subs tan- <br /> <br />tial based on amounts shown previ9usly. The Bureau should request the <br /> <br />Corps to provide that information Iso that it can be appropriately used <br /> <br />, <br />I <br />in future repayment studies, shoul!d it be determined that such costs <br /> <br />are reimbursable by either power c~stomers or.irrigators. <br /> <br />16 <br />