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<br />When the above off-line procedure is completed, the amounts due <br />to the participating projects from CRSP are inserted into the <br />CRSP PRS as revenue requirements. As the CRSP PRS solves for a <br />rate, it will ensure that enough money is available to meet all <br />required payments in a timely manner. <br /> <br />Appendix R shows all CRSP authorized participating projects, <br />their present construction status, the fiscal year of initial <br />service, and the construction cost allocated to be repaid by <br />CRSP as of FY 1989. <br /> <br />I <br />! <br />I <br /> <br />Prior to FY 1981, the actual historical costs, together with <br />budgeted and estimated future costs, of all authorized <br />participating projects were included in the CRSP PRS rate- <br />setting years. The procedure has changed so that repayment is <br />now scheduled during the rate-setting years for only those <br />participating projects which have been or are likely to be <br />built. To be considered "likely to be built," a participating <br />project must meet certain defined criteria. Any participating <br />project that is authorized by Congress but does not meet the <br />criteria, is moved beyond the rate-setting years in the CRSP <br />PRS to prevent it from affecting the rate. The criteria also <br />allow the scheduling of repayment of irrigation blocks that are <br />not likely to be completed, although the participating project <br />of which they are a part may be SUbstantially constructed, <br />beyond the CRSP PRS rate-setting years. <br /> <br />Using the criteria, repayment due dates for the Fruitland Mesa, <br />West Divide, San Miguel, Savery-Pot Hook, and La Barge partici- <br />pating projects; as well as the Uinta and Upalco Units and part <br />of the Bonneville Unit, which are part of the CUP; have been <br />moved to 2090 and do not impact the proposed firm power rate. <br />The rest of the projects or features are completed, are nearing <br />completion, or are specifically excepted (such as the Animas-La <br />Plata project). The construction costs of these projects, <br />along with apportioned revenue requirements, are scheduled to <br />be repaid within the rate-setting years and have a direct <br />impact on the Integrated Projects firm power rate. <br /> <br />5. Agreement on CRSP PRS. Through the late 1970s and early 1980s, <br />it became apparent that several of the participating projects <br />probably would not be built. Because these projects remained <br />fully authorized by Congress, they had to stay in the CRSP <br />PRS. To resolve the problem of having the CRSP power rates <br />affected by an obligation which probably would never exist, <br />Reclamation began to reschedule the repayment due dates for the <br />uncertain participating projects beyond the rate-setting years <br />of the CRSP PRS. This meant that their repayment, while still <br />provided for, did not impact the CRSP power rates. <br /> <br />20 <br />