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<br /> <br />'. <br /> <br />r. <br /> <br />L. M. ALEXANDER <br /> <br />Slide 25 Navajo. Additionally, we expect to emphasize the local Indian culture in the plant's Visitors Bureau <br />facility, <br /> <br />I want to repeat our pledge of whole-hearted cooperation toward minimizing adverse effects <br />upon environment while continuing to render to our electric customers the highest quality service at <br />reasonable rates. We want this to be a model facility for all to see, and we recognize that the dollars <br />spent to protect our environment will pay huge dividends in many ways, not the least of which is <br />making real strides toward helping our environment retain an acceptable norm. <br /> <br />At the same time, I must remind you that new environmental ingredients in the recipe for our <br />power plant will drive up the costs of our product. The purchase and operation of the equipment <br />necessary to perform these difficult tasks are not minor cost items. The precipitators alone will add <br />$8.5 million to the cost of the plant, Look at the precipitator housing structure, The top of the <br />plant is 23 stories high. The precipitator there on the right is ten stories, Collectively, environmental <br />treatment will result in higher cost per kilowatt installed. This environmental cost factor does not <br />apply only to Navajo-it will apply to all new power plants all over the country. <br /> <br /> <br />Such increased costs may drastically change a traditional trend, In fact, Dr. Bruce Netschert, <br />Director of the Washington Office of National Economic Research Associates, recently predicated <br />" , . . a turnaround in the long term downward trend in the cost of power." <br /> <br />But the public mandate is clear. Everyone wants the new recipe for power development to <br />include the new look I have mentioned. Environmental control is an added ingredient which in, <br />creases the cost of new power plants, but it is going to cost money to control all of the pollutants in <br />our environment-a cost we must be prepared to bear. <br /> <br />There is our "Recipe for a Major Power Development." I have described the Southwest's need <br />for new generation and how the Navajo site was selected. I have given you a little of the history of <br />this project, some of the specifics on the facilities, benefits to the Indians and others as well as the <br />owners, and our specific efforts to make the plant a good neighbor-all this while at the same time <br />getting it on the line in time-and within the budget-will still be our challenge as it has been in the <br />past. <br /> <br />Thank you. <br /> <br />-29- <br />