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<br />SUMMARY <br /> <br />Expand Collbran Project benefits and revenues in harmony with <br />Reclamation's Strategic Plan. <br /> <br />Two action alternatives (A&B) are presented in this report along <br />with a no action alternative. Alternative A would 1) augment the <br />value of power generated by use of peaking operations, 2) reduce <br />annual OM&R expenditures by; limiting regular OM&R as well as <br />discontinuing further extraordinary maintenance work, and 3) <br />contract water supplies to Recovery Implementation Program (RIP) <br />and/or to a M&I water supplier. The interests of the CCD would be <br />fully protected as these actions are implemented. <br /> <br />Alternative B would lease or privatize all power facilities. All <br />operation and maintenance responsibilities including the OM&R of <br />the Grand Mesa reservoirs would be placed with the non-Federal <br />lessee or owner. Lease or sale revenues would repay the Collbran <br />Project debt at a higher interest rate than that which is currently <br />assigned to the interest bearing reimbursable cost allocation or in <br />a lump sum. Current Clinton Administration policies and goals <br />aimed at reducing the Federal deficit and divestiture of small <br />Reclamation projects would be addressed. It is believed that a <br />non-Federal operator could obtain significantly higher power <br />revenues than what the preference customers of the Federal power <br />-- -- -,-~~-------- - -- -- ---- --- -- - -- --- - -~-- -~- -- - - --- ------ - --- <br />are willing to pay. <br /> <br />The no action alternative is not considered as a viable option <br />since it does not address the financial needs of the project nor <br />flow enhancement for the endangered fish species. <br /> <br />Alternative A meets the minimum criteria and addresses each of the <br />goals. Under Alternative A, with the selection of the GJPO <br />Preferred OM&R Program and discontinuance of future extraordinary <br /> <br />-;--.., <br /> <br />Hi <br />