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<br />proposed that the Upper Basin make up so-called <br />power deficiencies to the Lower Basin. We have <br />said that the Upper Basin is not obligated to <br />provide water to the Lower Basin in excess of <br />the compact commitment, and under no circum- <br />stances is it obligated to make whole the firm <br />power contracts at Hoover Dam. <br /> <br />1 <br /> <br />Now the impact of that is simply this, that <br />if the proposed criteria is put into effect, it <br />could result in a loss of many millions of dol- <br />lars, an unknown number of millions of dollars, <br />to the Upper Basin. It could greatly delay our <br />entire development and throw out of schedule <br />everything we have planned. There has appar- <br />ently been some attempt at a compromise recently <br />whereby we would agree to share those deficien- <br />cies 50-50. I personally am opposed to that <br />procedure. I can see no compromise to any prin- <br />ciple which gives away half of something you are <br />already entitled to in the first place. I <br />never compromised a law suit when the other side <br />had no case to begin with, and I see no reason <br />wby we should start now, compromising money <br />which belongs to the Upper Basin. <br /> <br />It is strictly our viewpoint here in Colo- <br />rado at this time, that if power deficiencies <br />are to be made up to the Lower Basin, then <br />those deficiencies or money must be returned <br />to us after Hoover Dam is repaid. I can see <br />nothing more fair than that. Our proposal is <br />that we carry them through the repayment <br />period of Hoover Dam in 1987, and immediately <br />thereafter the new contracts which the Secre- <br />tary may execute for Hoover Dam power contain <br />such charges as may be sufficient to return <br />those power revenues to the Upper Basin. Such <br />a proposition is fair and reasonable. We <br />are going to propose that, unless some of the <br />other Upper Basin states see some serious ob- <br />jection to it or can propose something better. <br />We've got to move fast. By the end of this <br />month we will have those proposals in the form <br />of amendments to the Boulder Canyon Project Ad- <br />justment Act and to Public Law 485 to permit the <br /> <br />I <br />