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<br />o <br />li.l <br />In <br />~ <br /> <br />CHAPTER V <br /> <br />INTERMEDIATE DEVELOPMENT <br /> <br />Power <br /> <br />Power revenues from the intermediate development are expected to av- <br />erage $518,400 annually at the present rates for sale of Colorado River <br />Storage project power, which are $15.3b per kilowatt of salable capacity <br />and 3 mills per kilowatt-hour of salable energy. Approximately $54,540 <br />of the annual revenues would be re~uired for power operation, maintenance, <br />and replacement costs and the remaining $463,860 would be available for <br />payment of power construction costs: With these revenues approximately 68 <br />years would be re~uired for p~ment of project power construction costs <br />and interest during construction with interest at the rate of 3 percent <br />annual~y. In order for repayment of these costs to be accomplished in 50 <br />years as re~uired by the Colorado River Storage Project Act, the capacity <br />rate for project power would have to be increased to $18.20 a kilowatt <br />with the energy rate maintained at 3 mills a kilowatt-hour. <br /> <br />Fish and wildlife and recreation <br /> <br />As in the comprehensive development, local, non-Federal agencies <br />would pay annual operation, maintenance, and replacement costs of specif- <br />ic recreational facilities which they operated, and other operating costs <br />of fish and wildlife and recreational facilities would be nonreimbursable. <br />Of the combined allocations of $6,767,500 in construction costs and inter- <br />est during construction made to fish and wildlife and recreation, approx- <br />imately $5,934,700 would be nonreimbursable and $832,800 would be reimbur- <br />sable with interest in accordance with provisions of House Resolution 9032. <br />The method by which the reimbursable costs would be paid has not yet been <br />determined and would be considered in future investigations. Possible <br />sources of revenue include charges to recreationists for use of the faci- <br />lities, ad valorem tax revenues, Colorado's credits from the Upper Colo- <br />rado River Basin Fund, and net power revenues from the Upper Gunnison <br />project available after payment of the project power investment. Special <br />legislation would be re~uired for use of the basin fund credits. <br /> <br />40 <br />