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01216 '. P:\User\Thomas\95Rate\Rte2Iss .Rat U Q:t:d:a- 5. m3 D . R - A - F - T year for any difference that occurred. .This may be more difficult but should be more accurate. Reconunendation . It is recommended that the third option be used. The Interior Secretary has tasked Reclamation with the responsibility to determine the net revenues from the RPAAt\. Therefore. they wi 11 provi de Western with a reasonable estimate of the net revenues that should be avallable. Mechanics of Applying Credit in the PRS The method of handling the credits will be the same for an of the options'listed . .above. . Two. methods have been proposed: . 1. Under the present method: a. All revenues received would be included in the PRS as power revenues received. including additional amounts paid to fund nonreimbursable costs. b. Only costs that power has an obligation to pay would be recorded in the PRS as and expense or as an investment to be repaid. c. All revenues would then automatically be credited as required by the new ACT. d. Any additional amounts needed to fund these costs would be added on to the rate to provide these additional funds as needed. e. Tracking of all expenses would be provided in a separate spreadsheet attached to the notes for the PRS. 2. Under a revised method to provide all tracking in the PRS: a. Envi ronmenta 1 expenses to be funded from power revenues wi 11 be included in the SLCA/IP PRS as expense items. This will help assure that the firm power rate is high enough. b. All envi ronmenta 1 expenses dec 1 ared non rei mbursab 1 e by power wi 11 be added back to net power revenues after preliminary calculations are camp 1 ete (i. e.. gross power revenues. 1 ess tota 1 power expenses. equals net power revenues). This will increase net power revenues by the nonreimbursable sum. and allow that amount to be appl ied against outstanding investment in the standard priority of repayment. 3