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2. Reimbursable Investment. Estimates as of the end of fiscal year 1974 are shown on Tables E-3, E-4, and E-5. Table E-3 shows the advance construction program of the authorized CRSP storage units and partici- pating projects, Table E-4 shows the cost allocations for the afore- mentioned projects, and Table E-5 shows the reimbursable plant-in- service and allowable unpaid balance for the authorized CRSP storage units and for the power features of the participating projects. The following paragraphs give explanatory and supplemental information. a. Investment allocated to power. Investment in CRSP facili- ties is allocated to several functions. The part of the cost allocated to power must be repaid with interest. The total cost of facilities allocated to power and in service by the end of fiscal year 1974 was $467,497,000. The interest-bearing investment is expected to increase in fiscal year 1977 by $48,778,000 due to the Crystal addition, and in fiscal year 1981 by $71,745,000 due to the Central Utah Project Bonneville Unit addition. The transmission division costs are expected to increase by a total of $67,817,000 between fiscal year 1974 and 1982 due to joint construction with various Yampa Project participants of the 345-kV Craig-Ault line, teeminal facilities and series capacitors in the afore- mentioned line, series capacitors in the Hayden-Archer line, a phase shifter at Glen Canyon, construction of a substation addition to connect to the Hayden No. 2 generating unit, and construction of miscellaneous lines and substations needed to deliver additional power to Northern Division customers and/or to meet more stringent power system relia- bility criteria. Joint construction with Yampa Project participants and exchange of United States hydro power at Glen Canyon and Curecanti for steam power produced at the Craig (Yampa), Hayden, and Four Corners plants is expected to result in savings in transmission costs and improvement in system reliab ility. Costs for project additions are included for repayment purposes be- ginning in the year the feature is estimated to go into service. The forecasted investment cost is taken from current approved program budget documents, which are based on the January 1974 price levels. b. Interest during construction. Interest during construction is included in the investments, past or future. The interest rates used for the various features are explained in Sub-paragraph E(3). c. Other reimbursable investments. The other reimbursable in- vestments which, according to Public Law 485, must be repaid from surplus M&1 and power revenues without interest are the irri~ation in- vestment of the storage units and the portion of the irrigation invest- ment of the participating projects which is beyond the ability of the 18