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<br />~JO~ <br /> <br />stated that these costs on non-controversial <br />lines were 'unreasonably high'. <br /> <br />Now the fourth major item of discrepancy <br />involves varying transmission losses .under the <br />two systems. Because of its technical nature, <br />it is perhaps a little more difficult to compre- I <br />hend. Suffice it to say, that after considerable <br />computer study, it was determined that the in- <br />herent electrical transmission losses in the <br />joint proposed system were markedly below those <br />of the so-called yardsti~k system. ~fuat we are <br />saying is that the kilowatt hours produced at <br />Glen Canyon can be delivered through the facili- <br />ties of the joint system with a reduced loss <br />component, allowing greater revenue return to <br />the project. This one item alone, not at all <br />considered by the Bureau in their analysis, pro- <br />duces $76 million of additional revenue for the <br />project in the 86-year study period. <br /> <br />Summarily, corrections in the Bureau's <br />analysis to equalize the aforementioned inconsis- <br />tencies would produce a conclusion that a pro- <br />posed joint utility-federal transmission system <br />would accomplish the following: <br /> <br />1. Reduce federal transmission investment <br />by $137 million. <br /> <br />2. Repay to the Federal Treasury the heavy <br />cost of power facilities at least five <br />years earlier as shown on the exhibit. <br /> <br />3. Under provision of Public Law 485, irri- <br />gation projects entitled to excess power <br />revenues from the project can be placed <br />in service 50 years prior to availability <br />of assistance funds. The exhibit shows <br />that under the combination system more I <br />revenue for irrigation assistance is <br />available by the year 2020. This means <br />more irrigation projects - to be exact, <br />an additional $97 million worth can be <br />placed in service by 1970. <br />