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<br />COLORADO RIVER STORAGE PROJEOT <br /> <br />9 <br /> <br />company's facilities, whichever was lesser, the wheeling rate wonld be <br />reduced to $1.324 pel' kilowatt-year, <br />The offer also provided that when the company connects a new <br />power SOll'ee not now. planned of 100,000 kilowatts or greater to the <br />storage project system at the Glen Canyon bus, the Foll' Corners bus <br />or beyond the Four Corners bus from Glen Canyon, the wheeling <br />charge to be paid the company will be reduced by $600,000 a year. <br />The average annual cQst under the company's offer would amount to <br />about $2,854,000 dll'ing the power payout period for the storage <br />project, The average annual cost of delivering storage project power <br />from Glen Canyon to Pinnacle Peak under Federal construction of two <br />345.,kilovolt lines is estimated to be about $2,200,000. Therefore, <br />acceptance of the company's offer would have increased the cost of <br />transmission to the storage project by about $650,000 annually, This <br />increased transmission cost would have depleted the basin fund to the <br />exten t noted above. <br />Also to be noted is that the Arizona Public Service Co, offer did not <br />provide for Bureau use of the proposed lines in Arizona to the same <br />degree and extent as provided in the proposals of utilities in the other <br />States. <br />However, discussions are continuinl!-' looking to mutual advantages <br />to be gained by an interconnection With the company's new thermal <br />generating plant at Four Corners. <br /> <br />