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<br />10 <br />"'SS 2 <br /> <br />GOV. JOHNSON: (Cont'd) I think the time has come, and <br />is long past due, when we should stand up <br />and get what is coming to us. <br /> <br />The Commission, as you folks know; repre- I' <br />sents the four Upper Basin States. It was <br />preceded by a conference known as the Sen- <br />ators-Governors Conference which was held <br />in Denver on November 1. In that conference, <br />Colorado's right to an equitable share of <br />these power credits was deemed correct and <br />right and they passed resolution to this ef- <br />fect but they didn't spell it out. This is <br />something that must be spelled out. You can- <br />not deal with generalities. You have to <br />mention percentages, it seems to me. <br /> <br />MR. BAILEY: <br /> <br />I have just one other thought. There is not <br />a participating project in Colorado, New Mexico, <br />Wyoming, or Utah that can be made feasible-- <br />not a single one that can be judged to be feas- <br />ible--without an allocation of the power profits <br />from the storage projects on the Upper Colo- <br />rado River. So allotment of power credits be- <br />comes the key to the development of the Upper <br />Colorado River. We find that all of these <br />projects, proposed and potential, in all of <br />the states are not feasible simply because the <br />irrigation users cannot stand the whole bill <br />on'present values of land and on present values <br />of water. There is not a single project in <br />any of the states that is feasible without a <br />good chunk of credit coming from power." <br /> <br />"Before you leave, Governor, I attended the <br />meeting at Cheyenne but didn't go to Santa <br />Fe. At Cheyenne there was an exception made. <br />"The power profts from the Central Utah Pro- <br />ject were allotted to that project and not <br />to the Basin pool." <br /> <br />- <br /> <br />GOV. JOHNSON: "That is not a storage project. It is a par- <br />ticipating project. The Central of Utah is I <br />very similar to the Big Thompson in every <br />way. The Central of Utah, in addition to the . <br />power it will g~nerate, gets a big chunk of <br />Glen Canyon. The Central of Utah would not <br />be feasible at all without an allocation of <br />the power profits of Glen Canyon." <br />