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<br />. <br /> <br />. <br /> <br />2. Degradation of the power resource <br /> <br />a. This component of the rate would be adjusted any time <br /> <br />there was a degradation (or subseguent restoration) of the <br />power resource at Glen Canyon Dam. Such adjustments would <br /> <br />be made in accordance with a pre-determined and agreed upon <br />scale or table relating changes in this rate compoqent to <br /> <br />changes in minimum flow requirements at Glen Canyon Dam. <br /> <br />b. The principle upon which this degradation adjustment is <br />to be based is that each increment of degradation in the <br />value of the power resource will be shared by the states <br />and the power customers. <br /> <br />3. Distribution of revenues from this rate component <br /> <br />a. Revenues from this rate component would be paid <br />quarterly into an escrow account for each state for the <br />period that the power resource is available to CREDA's <br />members (i.e.. 40 years). Funds could not be expended by a <br />state from an escrow account until the conditions specified <br />in 5 below were met. Earnings on the investment of funds <br />in an escrow account would accrue to the account for use <br />pursuant to the agreement. <br /> <br />-5- <br />