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<br />30 <br /> <br /> <br />Most of this assistance, which, again, is non-interest bearing, is <br /> <br />scheduled for repayment to the Treasury after the year' 202"4, when <br /> <br />commercial power payout is projected to be completed. <br /> <br />Other Bureau projects have still other approaches to scheduling <br /> <br />payout of the power investment and irrigation assistance, some of <br /> <br /> <br />which are specified in authorizing legislation; but none include <br /> <br />regular scheduled amortization of reimbursable costs. <br /> <br />We recognize that there is no explicit statement in the law regarding <br /> <br />scheduled annual depreciation or amortization. However, the Bureau <br />, <br /> <br />is enjoined to operate in a business-like manner. Accepted business <br /> <br />practice is to depreciate facility costs over the estimated useful <br /> <br />life of the assets and to provide for periodic recovery of long-term <br /> <br />obligations (like irrigation assistance). <br /> <br />Recommenda tion <br /> <br />Because of the period of time a PRS covers, and the different results <br /> <br />that can be achieved depending on tne criteria and assumptions used, we <br /> <br />believe that.the use of. a PRS as the basis for supporting proposed power <br /> <br />revenue requirements should be discontinued. In lieu of a long-range <br /> <br />forecas~ such as a PRS for this purpose, we believe that power revenue <br /> <br />requirements should be determined by short range forecasting, usually <br /> <br />about 5 years, based on the following: <br /> <br />. <br />