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<br />N <br />I-" <br />lo!:lo <br />'-" <br /> <br />I <br />! <br /> <br /> <br />'~'-'.' : <br /> <br /> <br />COLORADO RrVER STORAGEPR6JECT <br /> <br />9 <br /> <br />company's facilities, whichever was lesser, the wheeling rate would be <br />reduced to $1.324 per kilowatt-year.. . <br />The offer also provided that when the company connects a new <br />power source not now planned of 1.0.0,.0.0.0 kilowatts or greater to .the <br />storage project system at .the Glen Canyon bus, the Four Corners bus <br />or beyond the Four Corners bus from Glen Canyon, the wheeling <br />charge to be paid the company will be reduced by $6.0.0,.0.0.0 a year. <br />The average annual cost under the company's offer would amount to <br />about $2,854,.0.0.0 during the power payout period for the storage <br />project. The average annual cost of delivering storage project power <br />from Glen Canyon to Pinnftcle Peak under Federal construction of two <br />345..kilovolt lines is estimated to be about $2,2.0.0,.0.0.0. Therefore, <br />acceptance of the company's offer would have increased the cost of <br />transmission to the storage project by about $65.0,.0.0.0 annually. This <br />increased transmission cost would have depleted the basin fund to the <br />extent noted above. <br />Also to be noted is that the Arizona Public Service Co. offer did not <br />provide for Bureau use of the proposed lines in Arizona to the same <br />degree and extent as provided in the proposals of utilities in the other <br />States. . <br />However, discussions are continuing looking to mutual advantages <br />to be gained by an interconnection with the company's new thermal <br />generating plant at Four Corners. <br /> <br />;.' <br /> <br />. <,-',; <br /> <br />,-, <br /> <br />~'l,"' .;,< <br />