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POWER REPAYMENT STUDY ExhIbit E Results of the power repayment study lor fiscal year 1974 are depicted graph- ically at right. Estimated annual power re"enues are shown together with their application. Total revenue lor the pe. riod shown exceeds $3.6 billion. After repayment of about $700 million for the power investment and $400 million for interest. power revenues should be sufficient to repay about $100 million in irrigation costs allocated directly to the Storage Project, plus around $1.3 billion in costs of Participating Projects. Following are notes explaining the terms used on the graph. Copies of the power repayment study in a highly detailed form can be obtained upon request. OPERATING EXPENSES Annual costs '.)f operation, maintenance. energy purchases. wheeling by others. 34 and salinity conlrol, as well as the pur- chase of generation to replace the de. ficiency in Hoover Powerplant genera. tion caused by Storage Project opera. tions. POWER INTEREST PAYMENTS Annual interest on the unpaid power Investment. POWER PRINCIPAL PAYMENTS Payments made on the power invest. ment and replacements. with the high. est interest.beanng component being paid first. STORAGE UNIT IRRIGATION PRINCIPAL PAYMENTS Power revenues which are applied to. ward payment of the irrigation alloca- tion of the Storage Units. the major portion (about $66 million or 70%) of such allocation being repaid from power revenues, with the remainder (about $28 million or 30%) being repaid from M&l revenues. POWER REVENUES AVAILABLE FOR IRRIGATION ASSISTANCE TO PARTICIPATING PROJECTS Power revenues available after the above costs have been paid, the amount of which will be about $1.250 million through 2059. A lesser amount (about $25 million or 2% of the total avail. able) will also be prOVIded from M&l revenues. TOTAL ANNUAL POWER REVENUES Annual revenues from energy and ca. pacity sales, wheeling for others, rental of substatIon facIlities to others. reo imbursement by the Lower Basin for energy purchased by the CRSP to reo place the deficiency in Hoover Power. plant generation, and miscellaneous revenues. The present firm power rate of $1.32 per kilowatt.month and 3 mills per kilowatt.hour must be increased about 8.5 percent to meet payout reo Quirements.