Laserfiche WebLink
<br />003~1)! <br /> <br />II. ISSUES CONCERNING THE ULTIMATE DEVELOPMENT CONCEPT <br /> <br />The ultimate development concept is a current issue primarily in conjunction <br /> <br /> <br />with power repayment studies and rate-setting by the Western Area Power <br /> <br /> <br />Administration for power generated at facilities of the Pick-Sloan Missouri Basin <br /> <br /> <br />Program and the Colorado River Storage Project. lhese two comprehensive, multi- <br /> <br /> <br />purpose water development projects were originally authorized by Congress in the <br /> <br /> <br />Flood Control Act of 191+1+ and the Colorado River Storage Project Act of 1956, <br /> <br /> <br />respectively. Power repayment studies as a means of rate-setting for federally- <br /> <br /> <br />generated hydroelectric power 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, or <br /> <br /> <br />issues, from 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 /> <br /> <br />development concept in power rate setting by PMA's is fairly well detailed in a draft <br /> <br /> <br />report issued in early 1983 by an energy related task force of the President's Private <br /> <br /> <br />-7- <br />