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<br />I lil1 <br />I <br />I <br />I <br />II <br />I <br />I <br />I <br />II <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br /> <br />of allocating construction costs were in use by the Bureau <br /> <br />and were applied in older projects. <br /> <br />The legislative history of the P-S MBP, principally Senate <br />Document No. 191, recognized that portions of the power pro- <br /> <br />ducing capacity of the project would be used for Federal <br /> <br />project irrigation and drainage pumping service. It also <br /> <br />established that the cost of that portion of the power <br /> <br />system reserved for irrigation pumping would be interest- <br /> <br />free ss provided by Reclamation law and policy. Accordingly, <br /> <br />all analyses of the program have assumed that a percentage <br /> <br />of the power allocation would be considered as pumping power <br /> <br />assignable to irrigation investment and, as such, would be <br /> <br />noninterest-bearing. The percentage or formula for sub- <br /> <br />allocation of the power allocation has been determined by <br /> <br />the relationship of installed power system capacity to total <br /> <br />project pumping peakload demand at the generators. The <br /> <br />application of this formula for the present study results <br /> <br />in l6.8 percent of the power investment being allocated to <br /> <br />I'llIllping I'urposea with the remaining 83.2 pereent alloeated <br /> <br />to commercial power beginning in Fiscal Year 1973. <br /> <br />5. Common Pick-Sloan Missouri Basin Program Power Rate <br /> <br />Beginning with this firm power rate increase, efforts toward <br /> <br />eventually establishing a common P-S MBP firm power rate are <br /> <br />initiated through administrative determinations consistent <br /> <br />29 <br />