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<br />12 <br /> <br />35 per cent below the engineers' estimate. That's the tirst <br />time that has happened tor eome t1me. It 1ndicates these.ooste <br />are coming down. <br />MR. BEATY: What 18 the oomplet~on ot thie now' <br />MR. STONE: Generally, 1953. It won't take as large an <br />approp~iation as we're getting this year. <br />MR. HEADLEE: What do YOI1 th1nk 18 the ma1il oause tor <br />the inoreass' <br />HR. STONE: I looked1nto that and made a memorandum on <br />it about a year ago. First, the 1norease in oostsot labor and <br />mater1als, that was the b1g thing; second, the ohange 1n the <br />plans tras a big item. fhe cost was inorsased te firm up the <br />energy. In other worde, as originally des1gned, there were <br />open oanals trom the portal ot the tunnel to the valley floor, <br />and it meant that. deoreased the amount et firm energy by <br />putt1ng those condu1ts undergroWld. It increased the firm. <br />energy production and inoreased the returns to the proJeot of <br />something over a m1l11on dollars a .year, so that.1 t was an <br />eoonom10al and des1rable thing to do. fhen there bave been <br />three 1temsfor transmission lines Which were not1noluded 1n <br />the original estimate, the Gunnison line, the Oak Creek lines, <br />and the Western lines. T~ose are the thrse prinoipal 1tems. <br />HR. HUDLEE: Those are items wh1ch will return sub- <br />stantial amounts' <br />HR. STONE: fhey w111 return what they have added. The <br />