BOARD02143

• Board Meeting Date: 3/8/1967
• Description: Agenda or Table of Contents, Minutes, Memos
• Board Meetings - Doc Type: Meeting

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delivery of the contract amounts for a period
of 20 years. Five of the customers are non-
preference, such as the pacific Power and
Light company, and these contracts are for
shorter terms, usually 5 years. At the end
of these short terms the contracts may be
extended if the available power is not re-
quired by preference customers.

Power revenues during the calendar year 1966
approached $11 million--a new high for a 12-
month period. cumulative revenues through
January 31 of this year reached $22 million.

The sale of surplus energy, or dump
power as some call it, was discontinued last
August when it became apparent that genera-
tion for other purposes was sufficient to
utilize all the water being released to meet
downstream requirements. Surplus energy
deliveries have just recently been started
again in limited amounts, which are necessary
because of the water that must be released
for downstream requirements.

During the past year the storage Project
supplied all the energy deficiency losses at
Hoover Dam resulting from the filling of the
upper Basin reservoirs. This amounted to
more than 900 million kilowatt-hours during
the 12-month period ending December 31. It
appears that during 1967 we will also be able
to replace Hoover deficiencies from storage
power generation.

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As far as the forecast operation of the
CRSP reservoirs are concerned, the information
you have in your report was compiled before
we had the last current estimates of precipi-
tation during February and it is out of date.
Based on the February precipitation data
which we received within the last few days,
February was only about 48 percent of normal.
We now estimate that the Upper Basin runoff
will be in the nature of about 8.8 million