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N w 00 I-'" All revenues accumulated in the Basin Fund by law will be apportioned to the upper basin states according to formulas, and are to be used to finarie:eiIitiigation projects. Eleven such projects are now author- ized as participating projects. and some twenty more are authorized , " for investigation. 'The participating projects authorized for Colo- rado'are Florida. Paonia. Silt, Pine River Extension, and Smith Fork .." Pro~ects. ,'/ , Colorado is preatly benefited by the interconnection cf coal-fired thermal generating plants. Of the additional revenues wade avail- able to the Basin Fun., Colorado will receive 46 per cent of the total. Colorado will receive over $100 rrillion because cf the con- struction and interconnecticn cf thermal plants with the Bureeu sys- tem. Colorado will. of course, ~ceive other benefits too. Western and Scuthern Colorado have unlimited deposits of coal -- and a ooal industry in serious trouble, only producing one third as much coal as it did 30 years a1'o. Coupling the benefits of lcw ccst power. water and a revitalized coal industry. the economy of this State '. will n;ove one [iant step fcrward. UI'm WC<..6 the CU.t'OIl.MO P.cve.J/. StolW.ge Pll.oj",rX of, the BUll.ea.u o[ Rect'a- r.'~on autholl.ized 60A COn6~~ction and [Oil. what pUll.po~e? The Colorado River Storage Project of the Bureau of Reclamation, invoJ,vi.tlf about one and a quarter million kilowatts of hydroelectric powet, was authorized for construction by Congress in 1956. The au- thorization included the necessary transmission lines to oarry the power to market lcad centers. The fiVe principle private utilities operating in the project marketing area proposed in 1959, that they be permitted to build and operate about two-thirds of the trans- mission lines involved. These would have included all of the con- ,.., trollines for iIlterconnection with existing and adjacent tX'ans- mission systems of 'the Bureau of Reclall'ation and in effect would haV'e', created tol1tlttes between project generation and more than 90 peX' 'ceht'i;fCthe.'iJcwer market.. Market studies demonstrated that non- profitpowe,r-"distributing agencies. haVing preference in the purchase cf power undeX' Feder"l laws. would use all cf the power as fast as developed, None would be left for purchase by the private utilities. ,::.; , ",.' ". ~ ' -~-:.~~~<,' .j:::.~;(!~!::~' :.-'. ('-.',' ", < <;: