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<br />The blue and green portions of the chart indicate operation, <br />maintenance and replacement dollar requirements for the power plants <br />and the transmission system. These requirements continue during <br />the life of the project. Red and yellow portions show total dollars <br />required to repay, with interest, all power features--yellow, trans- <br />mission; red for generation and other power features. The purple <br />represents some 108 million dollars of project irrigation system costs. <br />All these must be repaid from power revenues in 50 years. Let's now <br />turn our attention to the second 50 years. Operation and maintenance <br />must go on but with an undiminished power sales rate we will generate <br />all of the dollars shown in orange on this chart. <br /> <br />CHAR T V <br /> <br />. <br /> <br />These are the dollars to be used to pay for present and contem- <br />plated participating water projects. Let's examine more closely. The <br />Utilities have been quite willing that the Bureau make the maj or invest- <br />ment in dams and power plants (they only want to control the project by <br />building key transmission lines) -- so, according to this chart, you will <br />be assured of all the revenue dollars produced in the second 50 years. <br />Dollars of revenue no longer needed for amortization of dam and power- <br />plant investment. That was done, as we have said, in the first 50 years. <br />Accordingly the dollars thus available for participating projects are <br />those shown below the horizontal dotted line in the orange portion. Just <br />short of one billion dollars. It also shows the distribution of these dollars <br />to the participating states, <br /> <br />Now, Ladies and Gentleplen, we come to the crucial point of our <br />problem- -the reason for my being here today, the reason I believe this <br />problem should be of genuine interest to members of the Colorado River <br />Water Users' Association. Storage project water and power customers <br />and all others interested in the economy of the intermountain area have <br />three, three distinct and vital choices. You can: ' <br /> <br />(1) Insist on an all-Bureau transmission system <br /> <br />(2) Accept the utilities proposed combination system-- <br />but understand when you do that you must discard, <br />simply throwaway a quarter of a billion dollars worth <br />of participating projects you have so long contemplated, <br />or <br /> <br />(3) Accept the Utilities I proposed combination system, and <br />restore funds to build all participating projects - -with <br />the power consumer paying an adder on each kilowatt- <br /> <br />- 7 - <br />