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<br /> <br />The Bureau has tn the past, resisted including depreciation or amor- <br /> <br />tization as an annual cost item fo~ PRS purposes on several bases <br /> <br />including the facts that (1) servtce lives of the facilities extend <br /> <br />beyond the required 50-year payout period for commercial power invest- <br /> <br />ment; and (2) the~e is no legal r~quirement for scheduled annual recovery <br /> <br />of~o:.~~:Zll:~~()n_o~ cap~t.:al ~os:ts_~h~o1,1gh power revenues. <br /> <br />Irrigation assistance (which includes the suballocation of power <br /> <br /> <br />investment to irrigation) in both the CVP and Pick-Sloan, since it is <br /> <br />non-interest bearing, is scheduled, for repayment after the commercial <br /> <br />power investment is repaid, The Bureau procedures, in effect, start <br /> <br />the repayment period for such CVP assistance after the last authorized <br /> <br />unit for the entire project is placed in service, With each addition, <br /> <br />the repayment period for irrigation assistance for the project is <br /> <br />. <br /> <br />rescheduled to begin at a later date and is extended another 50 years, <br /> <br />In Pick-Sloan there is a variation in that procedure in that irrigation <br /> <br />assistance (including power investment suballocation to pumping) is to <br /> <br />be repaid as follows: <br /> <br />(a) That associated with units or divisions built or under <br /> <br />construction as of July 1, 1965. _. <los soon as possible after completion <br /> <br />of the commercial power payout; and <br /> <br />(b) That associated with later construction - within 50 years <br /> <br />plus a development period of up tOjl0 years after the irrigation <br /> <br />facility becomes benefit producing, <br /> <br />29 <br />