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<br />JJUo.: <br /> <br />MR. STAPLETON: <br /> <br />economic studies cannot proceed beyond the accumu- <br />lation of data without being pointed specifically <br />toward either the Narrows or Weld County sites. <br /> <br />As you know, our Cache la poudre Unit recon- <br />naissance report has been completed and released. <br />Feasibility studies for Stage I of the develop- <br />ment have been approved. This consists of the <br />Idylwilde Reservoir on the Cache la poudre River <br />45 miles west of Fort Collins. Stage II, com- <br />prising the remainder of the unit, will be delayed <br />pending development of a market for pe~<ing power. <br />We met yesterday with the Steering Committee and <br />discussed the progress of our activities there. <br /> <br />I <br /> <br />On the Trinidad Project the Trinidad feasi- <br />bility studies are under way. We have determined <br />that the benefit cost ratio is 1.1 to 1. Our <br />report on the economic feasibility of the irri- <br />gation function of the project is under prepara- <br />tion. <br /> <br />The operating principles for the project have <br />been prepared and are being reviewed by the Arkan- <br />sas River Valley Ditch Association, the Arkansas <br />River Compact Commission, and the Purgatoire <br />River Water Conservancy District. <br /> <br />Our reconnaissance studies of the Green <br />Mountain Afterbay have been essentially completed <br />and the report completion will await further analy- <br />sis of future power demands and future Bureau of <br />Reclamation power contracting activities. <br /> <br />I think you would be interested to learn <br />that notice to proceed with construction on the <br />Hayden-Archer 230 kv transmission line has been <br />forwarded to the contractor. The contractor has <br />already planned his construction program and will <br />begin construction this fall. <br /> <br />I <br /> <br />Thank you, !>lr. Chairman." <br /> <br />"Thank you, Mr. Dugan. I'd like to report to <br />you that on the Two Forks Reservoir in the Upper <br />South Platte Basin Unit, we hope to have a recom- <br />mendation to the Board at its next regular meeting <br />