Laserfiche WebLink
<br />..... 'oJ V:lIo.o _"J <br /> <br />II. ISSUES CONCERNING THE ULTIMATE DEVELOPMENT CONCEPT <br /> <br />The ultimate development concept is an issue primarily in conjunction with <br /> <br /> <br />power repayment studies and rate-setting by the Western Area Power Administration <br /> <br /> <br />for power generated at facilities of the Pick-Sloan Missouri Basin Program and the <br /> <br /> <br />Colorado River Storage Project. These two comprehensive, multi-purpose water <br /> <br /> <br />development projects were originally authorized by Congress in the Flood Control Act <br /> <br /> <br />of 1944 and the Colorado River Storage Project Act of 1956, respectively. Power <br /> <br /> <br />repayment studies themselves are also an issue not only in regard to the Western <br /> <br /> <br />Area Power Administration, but the other four PMA's as well (Alaska Power <br /> <br /> <br />Administration, Bonneville Power Administration, Southeastern Power Administration <br /> <br /> <br />and Southwestern Power Administration). <br /> <br />The issue surrounding power repayment studies and their use of the ultimate <br /> <br /> <br />development concept is complex, deeply rooted in legislative history, and politically <br /> <br /> <br />sensitive. Although the issue is not easily divided for examination since its <br /> <br /> <br />components are highly interrelated, the following subsections examine the issue from <br />two of the most common perspectives. <br /> <br />A. The Fiscal Perspective <br /> <br />The opposition to power repayment studies and their use of the ultimate <br />development concept in power rate-setting by PMA's is fairly well summarized in a <br />draft report issued in early 1983 by an energy-related task force of the President's <br />Private Sector Survey on Cost Control (PPSSCC), also referred to as the Grace <br /> <br />-7- <br />