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c.c 0: ~ DOMINGUEZ WATER & HYDROPOWER PROJECT OVERVIEW r ~ . Outstanding local support with 18,562 signatures on petitions in support of the Project. . Project features include a dam and reservoir, pumped storage hydropower works, pipeline for delivering water for mitigation issues and marinas, fishing access, camping and picnic areas. . A 880,000 acre foot reservoir with water leasing potential. . 1,500 - 2,500+ megawatts of pumped storage hydropower with the potential for enlarging to approximately 8,000 megawatts when demand pennits. . Federal Energy Regulatory Commission's Preliminary Pennit providing exclusive development rights for a three year period is in place effective May 1, 1995. . Dominguez Reservoir Corporation is currently in process of adjudicating in Colorado courts the 880,000 acre feet of storage rights. PROJECT FEATURES . Feature 1: Full Project development including all of the above mentioned features. . Feature 2: In the event that the dam could not be built, generation of hydropower would be accomplished via off-river storage facilities. This feature is more easily accomplished and provides an additional measure of security for the investor. . Feature 3: The pipeline. This feature will be built regardless of the status of Features 1 and 2 and is also pledged to repay the investor. The pipeline requires minimal pennitting and would be by far the most easily constructed. All funds in excess of the total cost of the pipeline are pledged to reduce the cost of the reservoir. There is no profit to the developer (Western States Water & Power) from the pipeline. PROPOSED PARTICIPATION DEVELOPMENT LOAN . Dominguez Reservoir Corporation is requesting a 4 year participation, development loan in the amount of$15,000,000 in minimum $3,000,000 increments, to complete the preliminary pennit activities and feasibility studies necessary to secure a license to build the project. . The lender(s) will receive pro rata 1% of the annual GROSS revenues of the project for a period of 50 years from Project revenues. Total annual GROSS revenues are expected to range from a low of $276,000,000 to $825,000,000, from the first phase. The lender(s) wiD receive a total minimum payment of $3,000,000 annually from Project revenues.