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<br />the Seedskadee plant until 2019 and to Utah from the Central Ut~h plants <br />until 2031, the 51st year after the in-service date of the powerplants, <br />respec tively, on the premise that the aforemen'tioned power features <br />would on their own achieve repayment in 50 years. <br /> <br />The estimated assistance needed from the CRSP Basin Fund revenues is <br />shown by States on Figures E-2, E-3, E-4, and E-5. The stairsteps on <br />the graphs show the assistance needed by each State if considered alone <br />and the assistance needed based on the formula in Public Law 485. As <br />will be noted from these graphs, the controlling factor at the critical <br />point (FY 2046) is the amount needed by the State of Utah. In order for <br />a participating project in any State to receive the assistance needed, <br />there must be a sufficient amount in the Basin Fund for all States to <br />receive the percentages of the total specified in the law. Meeting such <br />requirements for a particular State will provide funds to the other <br />States in excess of their needs based on the required assistance to <br />participating projects in those States. Figures E-6 and Table E-2 show <br />the total requirements for Basin Fund assistance, based on application <br />of the percentages specified in Public Law 485. <br /> <br />As mentioned previously, the most critical year is expected to be the <br />year 2046. By this year, the required power and M&I revenues are <br />$924,819,000. With the new rate applied in 1977, the cumulative revenues <br />in 2046 are estimated to be $928,658,000 which is about $4 million more <br />than required because of the rounding of the rate as previously described. <br />Total requirements will reach $1,029,609,000 hy 2051, of which it is <br />estimated that power will provide $1,002,032,000 and M&I $27,577,000. <br /> <br />It should be noted that Table E-l includes power revenues and costs only, <br />whereas Table E-2 and Figures E-l, E-2, E-3, E-4, and E-5 include power <br />and M&I data. For a yearly breakdown of revenues between power and M&I, <br />see Tables F-2 and F-3. <br /> <br />b. Repayment period. Capital investments allocated to power <br />must be repaid with interest within 50 years after the in-service date. <br />Storage unit capital investments allocated to irrigation must be repaid <br />without interest within 50 years. Participating project capital invest- <br />ments allocated to irrigation which are beyond the ability of the water <br />users to repay must be repaid without interest within 50 years plus a <br />development period of up to 10 years. All power replacement investments <br />must be repaid with interest within the estimated service life of each <br />unit or property. <br /> <br />c. Surplus accumulation. The study shows that the revenues <br />will slightly exceed the requirements in the critical year of 2046, only <br />because of rounding off the new monthly demand charge to the nearest <br />one-half cent. There will be surpluses after 2046, but no adjustment in <br />rates after that year has been made in the study because such action <br />would have no effect on the present rate adjustment needed. <br /> <br />11 <br />