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<br />. <br /> <br />. <br /> <br />Under Plan 4, the A.P.S. offer includes several escalation <br /> <br />clauses. These cannot be evaluated, but any change in price of <br /> <br />wheeling due to escalation would increase the wheeling charges to <br /> <br /> <br />the Project, and would reduce the Basin Fund (surplus). (Proposals <br /> <br /> <br />of other utilities do not include escalation clauses). <br /> <br /> <br />At the latest meeting of the Bureau and the A.P.S. held at <br /> <br /> <br />Salt Lake City on January 23, 1962, the Company submitted a revised <br /> <br />proposal based on construction by the company of two 345 kv. trans- <br /> <br />mission lines from Glen Canyon to Pinnacle Peak, and with inter- <br /> <br />connections between the C.R,S.P. transmission system and the Company's <br /> <br />Four Corners thermal generating station. This revised proposal <br /> <br />reduces the annual charge for wheeling over the Company's transmission <br /> <br />facilities by $600,000 per year. This is based on the Company's plan <br /> <br />to add a fifth unit of around 225 MW. at its Four Corner's plant, or <br /> <br />at a point northeast of Four Corners. The power from this fifth <br /> <br />unit would be transmitted over the Glen Canyon-Pinnacle Peak lines <br /> <br />(by displacement with Glen Canyon power) to the A.P.S. system in <br />Arizona. <br /> <br />Plan 3, as shown on the tabulation appears most favorable <br /> <br />to the Project. The estimated net or surplus to the Basin Fund <br /> <br />under plans 3 and 4, are in the ratio of almost 3 to 1. <br /> <br />At this time, no decision has been announced relative to the <br /> <br />construction of a large thermal electric plant in northwestern <br /> <br />Colorado, nor has there been any announcement with regard to a <br /> <br />wheeling proposal to the Bureau to wheel such power over the Project's <br />11 <br />