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<br />. <br /> <br />. <br /> <br />In each of these negotiations with the Investor-OWned <br /> <br />power companies, there has been an honest endeavor on the part of <br /> <br />the Bureau to work out the most economical transmission arrangement <br /> <br />which will result in the greatest surplus to the Basin Fund. This <br /> <br />has been done without regard to what agency builds, owns, or operates <br /> <br />each component of the interconnected system. In some instances, a <br /> <br />pooling of Federal and Investor-OWned transmission facilities results <br /> <br /> <br />in the greatest benefits to the Basin Fund. In other instances <br /> <br /> <br />Federal construction of the required transmission facilities is <br /> <br /> <br />the more beneficial, while in other areas the wheeling proposals <br /> <br /> <br />offered by the Investor-OWned Companies seem to be the more bene- <br /> <br /> <br />ficial to the Basin Fund. <br /> <br /> <br />Regional Director Clinton is in Washington this week, <br /> <br /> <br />(week of January 28, 1962), to submit his report and recommendations <br /> <br /> <br />to the Commissioner of Reclamation and to the Secretary of the <br /> <br />Interior. When his report is released, we will have a more definite <br /> <br />basis for commenting on the proposed C.R.S.P. transmission system. <br /> <br />The Upper Colorado River Commission can rest assured that <br /> <br /> <br />the Bureau of Reclamation is negotiating in good faith with the <br /> <br /> <br />Investor-Owned power companies, and is endeavoring to secure the <br /> <br /> <br />best and most economical transmission system for the C.R.S.P. that <br /> <br />can be developed under the requirements of the authorizing act. <br /> <br />6 <br />