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<br />SENT BY:WEST. AREA PO~ER <br /> <br />7-10-97 2:41PM <br /> <br />8015245017~ <br /> <br />~o~ 8bb ~~/~:~ "' I <br /> <br />o <br />o <br />I;l <br />~ <br />~ <br />c.u <br /> <br />1uly 9lh. 1997 <br /> <br />Recovery ImplemeDtalion l'rollram <br />tor Endaqered Fi.h Sped"" <br />in lhe Upper Colondo River BI.ln <br /> <br />Ad Hoc Committee on 1A0g" Term FundiDg <br /> <br />White Paper 00 Fundiug Option. <br />U.inll Power ReveulI~ <br /> <br />Stat.ment of the Pmbl...". <br /> <br />The Bureau ofF.eclanwion (and nthfrs) requires a non-FederallUndins source to "cost-share" <br />for Illl: wnstrUction ponion of the "RW in order to gel itllllllpport (or lesislation to authorU:c <br />Federal funding for this program. The cost share required by local entities is SO'/". Reclamation <br />(and others) 11110 holds that CRSP power revenues cannot be considered part of a looal cost share <br />ifit i. "non-reimbuullble". Meanwhile, the Colorado Kive! Energy Distributors Association <br />(CREDA) wiD 8Upporlthe U:!C of power revenues a~ a ~nurc.e offuruli for the RIP as long 35 the <br />use of those revenues rcsulls ill "nle neulrality". <br /> <br />What follows u.a9UlnC.alacd co.t.hue of 50% ofthe capillll construction portions oflbe RIP, a <br />uoe of "reimbursable" CRSP power rwcnues sa pari of the local COSt share and "rate neutrality". <br /> <br />W@,ltern'. Power ~DQ.YDU.dt Stutt)' lJ'RSl An:llIl'JU fur the RIP <br /> <br />But FinL SomA llaollarouod (also, jfyolI MCd . primer un Western's rate sening <br />praceilS, .ee Attachment 2 "A Bricf Desc,lption of Weotem 's PRS/a, the CRSP ') <br /> <br />We.qtem's 1997 Salt Lake City Area Integrated Projects (SLCNIP) PRS (th. major <br />component of which is tbe CRSP) has a 60 year nile setting period. For the sako of this <br />discussion, the l'RS hu apptoximately the same revenue requirement each year, which <br />revenues lU"e collected by selling approximately the sainc amount of cl~trical puwer each <br />year. About the same expense is inClined each year far O&:M. About the .wne amount of <br />money Is being sent to the Treasury as repayment. <br /> <br />Whal uilI'c:r. ClIch year has to do with what it is that is being repaid with the payments <br />whic;b arc going 10 the treslilIry - CRSP original con'lnlction, replacements and additions <br />or CRSP participating jrrillllliun projects. <br /> <br />BlltWeen 1998 and 2011, payment'to the Treasury will be devoted to completing the <br />