|
<br />01~07 I.
<br />
<br />o ' R . A ' F ' T
<br />
<br />fL.l
<br />
<br />P:\User\Thomas\95Rate\GCES1&2
<br />
<br />October 6, 1993
<br />
<br />N/A Mi scellaneous S 3. 104,000 1,000 $ 3.104,000
<br />Total $ 63.-629.000 0.978 $'62.251,000
<br />
<br />. Of the $63,629,000 tota 1 expenses incurred to date by both agenci es.
<br />$62.251,000 has been funded by power revenues and wi 11 be credi ted to
<br />power repayment according to the Act,
<br />
<br />. Budgeted nonreimbursable environmental expenses for FYs 1993 through 1997
<br />are:
<br />
<br />I FY, I Rec] ama"ti on (s)'1 Western ($) 1 Total Expense I
<br /> 1993 $ 16,881.000 $ 4,321,000 $ 21. 202 . 000
<br /> 1994 '$ 13.170,000 $ 4,386.000 ' $ 17'.556.000
<br /> 1995 $ 8,482,000 S 4,184,000 $ 12,666,000
<br /> 1996 $ 8,081. 000 $ 4,184,000 $ 12,265.000
<br /> 1997 $ 8.185.000 $ 4,184,000 $ 12.369,000
<br />I Total I S 54, 799 ,000 I $ 21.259,000 I $ 76,058.000 I
<br />
<br />Options
<br />
<br />1, All nonreimbursable environmental' expenses funded by power revenues
<br />through FY 1992, and after FY 1997, wi 11 be credited to net revenues
<br />available after annual expenses, as shown in the CRSP PRS,
<br />Nonrei mbursab 1 e env i ronmenta 1 expenses for FYs 1993 through 1997 wi 11 be
<br />handled as outlined in the issue paper on revenue neutrality, Historical
<br />nonreimbursab 1 e envi ronmenta 1 expenses wi 11 be credi ted wi th annua 1
<br />interest at the rate in effect in the year during which the funds were
<br />expended, As of FY 1993. the cumulative total is estimated to be $11,3
<br />million, All nonreimbursable environmental expenses credited to repayment
<br />will be distributed according to the standard priority of repayment. i ,e"
<br />first applied against the repayment of outstanding deficits, then against
<br />the repayment of power,related investment. and lastly to the repayment of
<br />irrigation-re1ated investment assigned to power for repayment,
<br />
<br />II, Reduce the environmenta1 portion of O&M expenses in the PRS by the amount,
<br />of the nonreimbursable expenses. thus creating more net revenue available
<br />to app1y to the investment, A drawback of this approach is the fact that
<br />it could under-state CRSP funding requirements, resulting in a firm power
<br />rate insufficient to assure adequate support for the Basin Fund,
<br />
<br />2
<br />
|