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<br />r <br />0121 '1" <br /> <br />D . R . A . F - T <br />P:\User\Thomas\95Rate\Rte2Iss .Rat <br /> <br />U <br />Q:t:d:a- 5. m3 <br /> <br />c. All classifications will be subject to modification and adjustment <br />when the final cost allocation for the Glen Canyon Unit is prepared. <br /> <br />. Western has changed headings .on same columns. a.nd added some additional <br />columns to accommodate the application of credits to investment <br />obligations while still including the funding expenses in the rate-setting <br />mechanism of the PRS. <br /> <br />. Western will apply these credits to deficits as well as the investment. <br />The deficits were created when unbudgeted O&M expenses. consisting largely <br />of environmentally-related expenses, were paid. and remaining annual <br />receipts were insufficient to cover all of the interest due on the <br />investment each Year. <br /> <br />. Three columns have been added to the PRS which allow the credits to be <br />added back into net revenues after annual expenses. but before they are <br />applied to deficits or the repayment of power investment. <br /> <br />1st Review: April 28. 1993 <br />2nd Review: May 4. 1993 <br />3rd Review: May 7. 1993 <br />4th Review: May 11. 1993 <br />5th Review: May 13. 1993 <br />6th Review: August 23. 1993 <br />7th Review: September 29. 1993 <br /> <br />4 <br />