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<br />~.,--- . <br /> <br />.. <br /> <br />. <br /> <br />. <br /> <br />,.". <br /> <br />~.. <br /> <br />Table 5.--Irrigation payment capacity <br /> <br />Do II ars per acre-foot <br /> <br />Payment capacity at farm headgate <br />Adjusted for 38 percent distribution system loss <br />Adjusted for 15 percent river loss <br /> <br />Payment capacity at Narrows Dam <br />Less annual OM&R <br />Available for repayment of construction obligation <br /> <br />$17.60 <br />10.90 <br />9.30 <br />9.30 <br />0.90 <br />$ 8.40 <br /> <br />Us ing the derived annual payment of $8.401 acre-foot irrigators wou ld <br />repay about $907,000 annually or about $45.35 million over a 50-year <br />repayment period. In addition, the irrigators utilizing Jackson Lake <br />would make payments as a result of OM&R savings from replacement <br />service. In total, more than $46 million of the approximate <br />$126 million project cost allocated to irrigation will be paid <br />direct lyby irrigators. The remainder will be paid from Pick-Sloan <br />Missouri Basin Program power revenues as provided in the authorizing <br />act. <br /> <br />The current cost of developing irrigation water in .this area, based on <br />well costs, is about $20 per acre-foot and includes energy for pumping <br />at about $7 per acre-foot. This compares to the estimated S17.60 per <br />acre-foot payment capacity at the farm headgate as set forth in <br />table 5. <br /> <br />Municipal and Industrial Water Supply <br /> <br />The M&I evaluations are based on a water supply of 25,000 acre-feet, <br />M&I water users would fully repay allocated project costs and interest <br />during construct ion adjusted to a 5.116 percent rate, which amounts to <br />about S106 million. Interest on the above obligation will be charged at <br />5.116 percent over the 50-year repayment period. In addition, allocated <br />annual OM&R costs will be paid by M&I users. <br /> <br />Based on the above repayment criteri a, the annual charge for M&I water <br />would be about $240/acre-foot with or without flood control included in <br />the development plan. Currently, reliable water rights along the Front <br />Range are sell ing for approximately $200/acre-foot annual equivalent <br />cost. Therefore, it appears that inclusion of a M&I water supply in the <br />Narrows Unit would be financially feasible based on current conditions. <br />However, further study is required to refine the estimate of M&I needs. <br /> <br />11 <br />