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,CONTENTS GENERAL COMMENTS_ _ _ _ _',__ ___ ___________________u______ _________ Summary of principal (indings___________n_ __ ____n__u"____ ____-'- Financial and economic analyses of the Colorado River Storage Project and participating projects_________________________ Significant ohanges in project plans have occurred since author- ization and unu~ually long period is required for repayment .of the Governmen~'s investment in power of the Collbran Project, Colorado~____;____________________________________~____ Project beneficiar{es are not required to reimburse the Govern- ment for investfuation costs financed from the Colorado River Development Fund_ ________ __ __ ___ ___________________n_ Accounting and fi~ancial policy _ _ _ _______~_ ___________~_____ COLORADO RIVER STORAGE; PROJECT AND PAR'l'ICIPATION PROJECTS_____n Authorization by the Oongress_ _ __ _______ __ __,_________ _________ Stor~&e P~oject-~i---------------_------------------------- PartlClpatmg proJ~cts_ __ _ __ __ __ _______ __~_____________ _____ Tentative allocation of total estimated construction costs to purposesn Repayment of constru~tion costs allocated to reimbursable purposesu Comments on the Bureauls financial and economic analyses dated February 195!3 and December 1958_________________________n_ Increase in constrtlction cost estimates_____ _________ _n__n_ Repayment of co4struction costs _ _ _ _ _ _ _ _ _ ~ _ _ _ _ _ _ _ _ _ = _ _ _ _ _-_ __ Electric power ge~eration____ ___ __ _ _ __ __ _~___ __ ___ _______n_ Estimates of ,water supply at Glen Canyon site_____n_____ Water releas~s required to meet lower basin conm~itments-- Market for ppwe'r produced__________~___________:_--n-- Determinat~O:n of firm energy p.roduction_ _ ____ ___________ Determinatidh of nonfirm energy production_ _ _ _ _ _ _ _ _ _ _ _ __ Interest rates usea in the analyses_ __n______________________ Federal Power Commission appraisal of engineering and hydraulic" criteria used hi repayment analyses to estimate firm power capabilities ane( anticipated power revenUes_ _ _ _ _ _ _ _ _ _ _ _ _ _ _ __ Financing proje(\t con~truction and operation and maintenance costsn Construction activities to June 30l 1959__________________________ Glen Canyon______________________________________________ Glen Canyon briQge_ _ _ _ _ _______ __ _____ __ ~_ _______ __ __ __ ___ Glen Cargon hou'sing_ _____________________________________ l!i:E~}~;s~~~;;~j;~~~~~~~:~~:::::~:::~:~:~:~:~:~::~:~:~::~ Pai'ticipating projects_ __ _______ __ __ ___ ~_____ ______________ COLLBRAN PROJECTl COL<?RADO_____ _______ _________ __ __ __ ___ _______ Significant changes in project plans have-occurred since authorization_ Rep~;yment of constrqction costs allocat.ed to reimbursable purposes__ Unusually long period required for repayment of the Govern. rnentls investr4ent in power_______n________nH_________~ Sixty-one years r$quired to repay power investment if firm power can be sold for18.8 mills a kwh___n_____n_______________~ Sale of firm nower at 8.8 mills a kwh for-an extended period of time seeme unlikely in view of future availability of lower cost power______ ___ _______ ___ _ ___ _____ ____ __ __ -_ ____ Possible integration of power operations with other Bureau projects__ 17 ;i. !';"_l " Page 19 20 20 21 21 21 22 22 23 23 24 26 27 27 28 28 28 29 29 30 30 30 31 31 33 34 34 35 36 36 37 37 38 38 38 39 40 40 40 41