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<br /> <br />. ".~' "i>~..J-""'--~'. .- <br />,t;.. - ,"'.. . , <br />..t..~;::- 'H" , *'.~u. <br />Beautiful farmlands of the Uncompahgre Project <br /> <br />present power investment and nearly 30 <br />percent of the estimated ultimate power <br />investment has now been repaid. The $62 <br />million repaid by power revenues in Fiscal <br />Year 1984 is a great Improvement over the <br />situation in Fiscal Years 1982 and 1983, <br /> <br />Fiscal Year 1984 revenues from the sale <br />of municipal and industrial water from Glen <br />Canyon and Navajo Reservoirs have re- <br />turned $7.46 million toward repayment of <br />the M&I investment in the storage units. <br />This amount paid 100 percent of the invest- <br />ment. Future M&I revenues can now be <br />used to repay the irrigation investment. <br /> <br />Through Fiscal Year 1984, power revenues <br />have paid nearly $241 million, municipal <br />and industrial water revenues have paid <br />more than $13 million, and irrigators have <br />paid almost $4 million. All of this repayment <br />is in addition to operating costs and more <br />than $218 million in reimbursable interest. <br />To date Colorado River Storage Project <br />revenues have amounted to more than <br />$970 million, nearly half of which has been <br />returned to the Federal Treasury as repay- <br />ment and/or interest on the investment. <br /> <br /> <br />Fontenelle Dam and Reservoir <br /> <br />Repayment contracts have been executed <br />for 17 of the 24 participating projects, all <br />of which are constructed or under con- <br />struction. Navajo Indian Irrigation Project <br />is also under construction but a repayment <br />contract is not required for this nonreim- <br />bursable Indian project. Ot the seven pro- <br />jects on which construction has not yet <br />started, one is nearing contract execution, <br />five are in the advanced planning stage, <br />and one has been postponed indefinitely. <br /> <br />Projections using current estimates of <br />Colorado River Storage Project costs, <br />construction schedules, revenues from <br />power sales, municipal and industrial <br />water sales, payments by irrigators, ad <br />valorem taxes, miscellaneous revenues <br />show that payment of the reimbursable <br />costs of the authorized Colorado River <br />Storage Project and Participating Projects <br />can be accomplished within the repayment <br />periods, <br /> <br />l <br /> <br />I <br /> <br />? <br />."". <br />r~ <br />~.;-",.~ <br /> <br /> <br />Scenic Provo River <br /> <br />The repayment study used for this report, <br />as prepared by Western Area Power Admin- <br />istrafion, required some adjustments in <br />plant investment to reconcile and coordi. <br />nate with the assumptions, costs and ex- <br />penditures shown in the Fiscal Year 1984 <br />Bureau of Reclamation budget documents <br />and financial records. The Colorado River <br />Storage Project power rate used is $36.24 <br />per kilowatt year and 7.1 mills per kilowatt <br />hour (composite rate is 14.21 mills per kilo- <br />watt hour at 58.2 percent load factor). <br /> <br />37 <br />