Laserfiche WebLink
<br />water users to repay. The amounts to be repaid from power revenues are <br />determined after the surplus M&I revenues have been applied first to the <br />irrigation investment of the storage units and secondly to the irriga- <br />tion investment of the participating projects. Only authorized invest- <br />ments have been included in the repayment study. These investments are <br />of two types, namely, those presently in service for which investment <br />cost and repayment period have been established, and those not yet in <br />service for which investment cost and the beginning of the repayment <br />period must be estimated. <br /> <br />The irrigation investment of the storage units which must be repaid from <br />power and M&I revenues, without interest, is $104,240,000. This was <br />in service by the end of fiscal year 1971. It is estimated that power <br />revenues will repay $70,398,000 and M&I revenues will repay $33,842,000. <br /> <br />The irrigation investment of the participating projects which must be <br />repaid from power and M&I revenues, without interest, and which was in <br />service by the end of fiscal year 1974, was $37,800,000. The amount <br />under construction was $336,051,000 making a total of $373,851,000. <br />This is expected to increase to $711,709,000 by fiscal year 1999, the <br />estimated date that the last block of the last authorized participating <br />project will go into service. Table E-6 shows by projects the estimated <br />in-service dates and the irrigation investment which must be repaid by <br />power and M&I revenues. It is estimated that power revenues will repay <br />$684,132,000 and M&I revenues will repay $27,577,000. However, as <br />explained in sub-paragraph E(l) (a), the power revenues available to the <br />States must reach a cumulative total of $1,002,032,000 in order to repay <br />the investment of the participating projects, because of the percentage <br />distribution to the States as provided by Public Law 485. <br /> <br />d. Allocations. The costs of the four storage units and the <br />Transmission Division have been combined and allocated as a single <br />project. The costs allocated include Basin Fund construction costs less <br />various contributions; nonreimbursable road relocation costs, ete; <br />interest during construction; and operation, maintenance, and replace- <br />ment costs including power wheeling costs. The costs have been allocated <br />by the separable costs-remaining benefits method to power, irrigation <br />and other consumptive uses, fish and wildlife enhancement, and flood <br />control. <br /> <br />A step essential to the CRSP repayment analysis is the distribution of <br />the allocated costs to each purpose among the storage units and the <br />Transmission Division. The distribution is made essentially in relation <br />to the benefits provided by each unit to each purpose. Also essential <br />to the repayment analysis is a suballocation of the costs allocated <br />and distributed to irrigation and other consumptive uses to the municipal <br />and industrial water purpose. The suballocation to M&I is made in stages <br />reflecting the timing and quantity of the need for municipal and in- <br />dustrial water from each storage unit. The costs are suballocated on <br /> <br />22 <br />