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<br />. <br /> <br />. <br /> <br />CtfE 04 <br />8/11/88 <br /> <br />Assumptions for Rates, <br />Including Contributions to Others <br /> <br />The 1&0 features of participating projects were to be funded <br />by the Federal government and, to the extent beyond the <br />irrigators' financial capabilities, repaid from power revenues <br />without interest within a period of 50 years after completion of <br />the project including the development period. The effect of this <br />arrangement requires power users to shoulder less than 20% of the <br />economic cost of these features. The balance, over 80%, is <br />effectively borne by the Federal government. <br />To the extent that the Federal government reduces or <br />eliminates its 80%+ participation, CREDA believes the following <br />principles should apply: <br /> <br />The current level of economic cost for 1&0 features repaid <br />by power should be recognized; <br />Any additional share of economic cost repaid by power should <br />be predicated on commensurate increases in the economic <br />costs borne by other, non-Federal interests; <br />Costs not directly related to power generation should be <br />shared among all affected interests (costs, ~, salinity <br />control, recreation, fish and wildlife, environment, <br />augmentation, etc.) <br />These shared non-power costs included in CRSP <br />rates should be based on a mill/kwhr charge <br />applied to CRSP firm energy sales; <br />The sum of annual O,M,&R should be fixed, with escalation <br />limited by appropriate cost indices, and with provision for <br />major capital improvements. <br />