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COLOR4DO RIVER STORAGE PROJ,ECT 21 The irrigation benefit from participating projects includes direct, indi'rect, and public b~nefits, About $4,309,000 of the total repre- serits direct benefits, raeasured by the increase in net farm income 'that will be realized: with project deve.!opment, Approximately $2,951,000 represents indirect benefits, measured by the inereased profits of businesses hlmdling, processing, and marketing products from the developments and of enterprises supplying goods and serv- ices to project farms. :The remaining $] ,492,000 will be of a public nature l'eali:wd from the increase or improvmnent in cOffilnunity facilities and services and stabilization of (,he local and regional econonlY. Benefits from il'l'iga~ion were evaluated on the basis of average long-term projeeted priee levels, Power benefits Toto.! power benefits for the storage projeet and pnrticipRt.ing projects are estimated at an average of $42,812,000 annually. These benefits are taken as the average annual value of the (,ot,al estimated cost of obtaining equivalent power from the most eeonomical alter- native source likely to, be developed in the absence of the storage project and partieipating projects. Steam-electric plalis const,ructed and operat.ed by private u(,ilities UTe considered to be the most likely alternative source, The privute plants and neees8ury t.ransmission lines would be loeatedthroughout the market area 80 as to provide t.he most eeonomical means of serving the loud ce.nters with the neees- sury power, The plants generally would be large, modern, three-unit in.stallations huving a high efficiency and being stI'flt,egicu~ly loeated With respeet to fuel supply, The average cost of ulternatrve steam- electric power and onergy delivered to representative load centers t.hroughout, the market area is estimated to be $24.50 a year per kilowatt of dependable, capacity (including $8,50 per year for taxes) and 2.7 mills per Idl~wlttt-hour for r.nr.rgy, The average annual benefits as shown a:boV;r. result from ltpplyin,g these unit costs. to the avr.rage annual eqlllval~,nt amounts of capaCity and energy estimated at 1,095,000 kilowatts l\nd 5,920 million kilowatt-hours for the storage project and cr.ntral Utl\h project. The total cost of the!most economical alt,prnative source of equiva- lent power or power br.ilefits for the Colorado River storage project is estimated at. $40,389,odo allnultlly as shown ullder "Cost ullocatlOns." The"tota! cost of thr.'most, ec.onomical alternative source of equivalent pow.el' or powor benefits for t.he central Utah project is estimated at $2,423,000 anllunlly. MuniIJipal and industri{!l water benefits Benefits from munieipa!and industrial water in presr.nt evaluations are confinr.d to those t~t. willrr.sult from the central Utah project and are estimat.ed to aver. c $1,437\000 annually. This estimate is based on the average annu equiva ent cost of obtaining a comparable watr.r supply from th~ most economical alternative single-purpose Illeans of development.: