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<br />I 1116 <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br /> <br />the interest-bearing power investment and make the aid to <br /> <br />irrigation payments within their established repayment periods. <br /> <br />These annual payments are treated as an operating expense by <br /> <br />the P-S MBP. Remaining revenues are appLied to repayment of <br /> <br />each function's investment. In the case of commercial power, <br /> <br />costs of each unit, division, or separable feature thereof <br /> <br />allocated to commercial power were repaid with interest on <br /> <br />the unpaid balance in the least possible time and in no case <br /> <br />exceeding 50 years from the date when the unit, division, or <br /> <br />separable feature became revenue-producing. After repayment <br /> <br />of these investments, surplus revenues would be utilized to <br /> <br />assist in the repayment of P-S MBP costs allocated to irrigation. <br /> <br />Costs of P-S MBP irrigation units beyond the water user's <br /> <br />ability to repay (including main-stem reservoir storage and <br /> <br />irrigation pumping power cost assignments if applicable) <br /> <br />constructed or under construction on June 30, 1964, were <br /> <br />returned within the earliest practical time period by use of <br /> <br />power and M&I revenues as available. These irrigation costs <br /> <br />were fully repaid in the study with net power and municipal <br /> <br />and industrial water revenues before any such revenues were <br /> <br />used to repay costs relating to other new irrigation units. <br /> <br />Future irrigation units, divisions, or irrigation blocks were <br /> <br />scheduled for development in such a manner that sufficient <br /> <br />power and M&I revenues would be available to return the costs <br /> <br />24 <br />