BOARD02022

• Board Meeting Date: 3/11/1959
• Description: Minutes
• Board Meetings - Doc Type: Meeting

MR. STAPLETON:
MR. BARNARD ,SR. :

1

MR. MILLEN:

I

.1<Sti;j

"Thank you, Mr. Kuiper."

"I want to make this comment before
we ask Mr. Millen to tell you what they
have discovered briefly and that is that
certain questions, or we sought answers to
certain questions, in making these studies;
first for our own information as to the
benefits to be derived to us from the fill-
ing of Glen Canyon and second, to meet cer-
tain contentions which have been made by
the lower basin states with regard to the
disastrous effects on those states of the
withholding of water at Glen Canyon .and
among them is the contention we've heard
that, as a result of withholding water at
Glen Canyon, we would reduce the power which
could be generated at Hoover to such a point
that their amortization schedule could not
be met and second that it would result in
an increase in rafes, power rates, at Hoover
which would put it beyond what you might
term a competitive basis. In other words,
it would price the H~over power out of the
market.

We, I think, have found the answers
to that and I would like to have Mr. Millen
tell you in general what those results are."

"John I hesitate to discuss at any
length the electric aspect of this study
for the reason that Mr. McClellan and I have
not had a final opportunity to nail down
some of the precise figures as they are re-
lated to laying down thermal stations in
southern California to determine break even
costs. I had hoped to talk with him yester-
day but unfortunately had to leave a little
early and didn't have a chance to talk this
out.

Ours has been a very minor role in con-
tributing to this study. I want to say that,
but it has been most interesting for us and
we are pleased to offer this assistance. I
will not attempt to dwell at any length on
this very thorough study that Mr. McClellan
has made. I will say however, that as a
result of Len's hydroiogy stud~es they have