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<br />( <br /> <br />., <br /> <br />o <br />c-' <br />~ <br />en <br />~ . Ci;l RECOGNITION OF FUTURE PROJECl'S AND TRANSMISSION INVES'IMENI'S <br />IN PGJER REPAYMENT SlYDY <br />a. Method Used-All authorized participating projects and <br />future transmission invest:Irents included in PRS. Uses <br />one power rate over full repayment period. <br />b. Alternative 'Methods Proposed- <br />(1) Include only those Projects conpleted and in service <br />within 5-yearcost evaluation period per 730 ll1 4. <br />(2) Same as existing mathod but solve for stepped rate <br />based on in-service dates of future Projects. <br />c. Reason for Change-WAPA incorrectly interpreting CRSP Act <br />and legislative intent. <br />o COLLECTION OF PCMER REVENUES FOR UNAIJI'HORIZED PARTICIPATING <br />PROJECl'S : <br /> <br /> <br />a. Apportionmant of revenues to States results in accunulation <br />of $644 million for unauthorized and unidentified Participating <br />Projects. <br />b. Power CustOllJ:rs' View-Congress did not intend that such <br />a large surplus accumulate. <br />@) COOfl..ICT WITH PRESIDENT'S ANTI-INFLATION PROORAM <br />a. Proposed rate increase exceeds 7% allowed by President's <br />Council on Wage and Price Stability. <br /> <br />