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<br /> <br />Reclamation law and administrative policy provide that costsaUocated to certain <br /> <br /> <br />features, principaHy power, M&:I water, and irrigation water are to be paid by the <br /> <br /> <br />users. However, revenues from power and M&:I water sales may be used to repay <br /> <br /> <br />costs aUocated to the irrigation function which are beyond the ability of the <br /> <br /> <br />irrigators to pay. <br /> <br />P.L. 84-485 provides that after storage project investment costs (i.e. Glen Canyon, <br /> <br /> <br />Flaming Gorge, Curecanti and Navajo projects) are repaid, surplus power and M&:l <br /> <br /> <br />water revenues must be apportioned to the below listed states in accord with the <br /> <br /> <br />percentages indicated. <br /> <br />Colorado <br />Utah <br />New Mexico <br />Wyoming <br /> <br />46.0 percent <br />21.5 percent <br />17.0 percent <br />15.5 percent <br /> <br />Storage project net revenues are apportioned to the states to insure repayment of <br /> <br /> <br />Federal investment costs applicable to participating projects located in each state. <br /> <br /> <br />For this reason, storage project power rates must be set at levels to produce <br /> <br />sufficient total. net revenue which when apportioned will provide the amount of <br /> <br /> <br />financial assistance required by each state to repay its participating project costs. <br /> <br /> <br />Complying with the Act, plus satisfying repayment requirements for participating <br /> <br /> <br />projects located in Utah results in apportioning net revenue to the other sta tes in <br /> <br /> <br />excess of their requirements for repayment of participating projects. For example, <br /> <br /> <br />the Service forecasts the storage project will produce and apportion net revenue of <br /> <br /> <br />$414.3 million in excess of total cost necessary to repay participating project costs <br /> <br /> <br />applicable to all states as follows: <br /> <br />9 <br />