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. '. . MEMORANDUM COLORADO WA'l1tR CONSERVATION BOARD Daria C. U1., P.B. Dir!elo, TO: Chuck Lile Gene Jencsok FROM: Randy Seaholm DATE: May 7, 1993 SUBJEcr: CRSP Power Operations The purpose of this memorandum is to describe CRSP power operations and marketing. I have not done extensive work in the area, and this is a relatively complex matter, but this is my level of understanding. I would begin by dividing the subject into two areas; one is the Upper Colorado River Basin Fund, including the annual rate and repayment study, and two is the "post-1989 power marketing criteria," and related EIS. Upper Colorado River Basin Fund The Upper Colorado River Basin Fund was created under Section 5 of the Colorado River Storage Project Act (April 11, 1956, Ch. 203, 70 stat. 105). The fund exists in the Treasury of the United States and shall remain available until expended for carrying out provisions of the CRSP Act other than section 8 activities. Section 8 deals with public recreation facilities and facilities to either mitigate or improve fish and wildlife conditions. The Upper Colorado River Basin Fund receives money from either Congressional appropriations for CRSP and participating projects in the form of advances from the general fund of the U.S. Treasury or revenues collected in connection with the operation of the CRSP and participating projects. The fund is used first to cover any emergency and normal operation, maintenance and replacement expenses associated with CRSP and participating projects. Revenues in excess of the above then are paid annually to the General Fund of the U.S. Treasury to return the costs of each feature allocated to power, municipal use, interest on the unamortized balance for power and municipal features and costs allocated to irrigation under section 6 of the CRSP Act. -'-'_. .1"