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, "'4................ .,--. "~ . - .... ~" ~~~. ,,--:- , ~~ >t '~;"r ~;.: '- '. . ':'J"~" - <'J'-- _. . "" . ) ',-- ~"'- .... - , .~,..... ~-' ~ - ~.y ,Jt,"'"~ " If. '~.,...."': j ~"-- I . I_~.~~ ~~~.y/ "'~.. , -,.. . .,.,,"," .~.-, . ,...I,..... Lo(l,n!lcanaIOtlGrBnclVa,'", SI8Q"C)ne , .~ -' -~~. \~'" . \'~ ",,' ,. ~ 1"': " , of a million dollars in repayment revenues came !rom municipal and industrial water sales from SIX participating projects, This amount was applied to repayment of mUnicipal and mdustrlal waler Invest. ments In the partiCipating prOJects During the year, irrigators paid more man a Quarter of a million dollars toward repayment ollhe lHlgation atJocallon In the particIpating prOJects. Through fiscal year 1981, power revenues have paid $137 million. muniCipal and industrial water revenues have paid more than 59 million. and irngators have paid nearly $3 million. All of thiS repayment is In additlQn to operating COSIS and more than $190 million In reimbursable Interest To dale. Colorado River Storage PrOject revenues have been more than two-thirds of a billion dollars: half of which has been returned 10 the Federal treasury as repay. ment and Interest on the Investment. Repayment contracts hae been exeCuted lor 17 of the 24 partiCipating prOJects. 15 of which are constructed or under con. struction. The NavajO Indian Irrigation Project IS also under construction. but a repayment contract IS not reQUIred lor thiS non.reimbursable Indian prOJect. Of ,." 'to the eight prOjects on which construction has not yet started. a contract has been executed on two of them. one is nearing contract executIon. lour are in the advance planninQ stage and one has been postponed indellnitely. It IS necessary to increase the CASP power selling rate In order 10 provide revenues sulliclent to pay annual operat. ing costs of the storage units. provide for replacements, pay interest charges. repay costs of storage Units and participating prOjects allocated to power. assist In repayment of storage Unit costs allocated 10 irrigation. pay speCified salinity costs. and provide assistance in repaying the irrigation allocation a! authoflzed partlCI' patlng prOjects Within the time limits pre. scribed by law. The present rate was placed In effect in January 1981 and lhe Power Repayment Study. which was made for thiS report. assumes a 31 percent increase beginning with fiscal year 1983. The present rate is about 32 percent above the origmal CASP power rate which was m effect prior to April 1974 The assumed 1983 rale is about 73 percenl above the orlgmal rate. These increases are relleCled In the exhibIt In the envejope on the Inside back cover. The principal reasons lor the Increases and pro/ected Increases over the original CRSP rate include the inllationary rise in present and prOjected power system operating costs. estimated higher costs to complete construction 01 the author. ized storage Units and participating prOJects. inCluding mitigation and environ. mental protection costs. the mcreased cost 01 purchased energy required to lul/i!l contract commitments. and the in. crease in the construction and operating COSIS of four specdic aulhoflzed Colorado River Salinity Control PrOjects (Public Law 93.320.88 StaL 266). PrOjections uSing current estimales of CASP costs. construction schedules. and revenues Irom power sales (inCluding the proposed rate increase). mUnicipal and industrial water sales. payments by mi. ga10r5. ad valorem la~es. and mlscel. laneous revenues Show thaI payment of the reimbursable costs of the authorized Colorado River Storage Project and par. tlcipatlng prOjects can be accomplished Within the repayment pefloos. 33