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<br /> <br />26 <br /> <br /> <br />~ ...\ (' ,..,. <br />~'i ':-.). <br /> <br />Project water ror municipal and industrial use would be <br />delivered at the Colorado Springs point or diversion at canon City <br />or rromthe Pueblo Reservoir at the regular project rate of $5.40 <br />an acre-root. A service charge of $2.00 an acre-root is proposed <br />ror regulation or industrial water ror the Colorado ])\leI and Iron <br />Corporation. <br /> <br />Firm power and energy are planned to be delivered to load <br />centers at an average rate or 6.5 mills per kilowatt-hour. The <br />next table shows all sources and amounts or annual revenues. <br /> <br />Power repayment <br /> <br />The power system average rate and repayment study, near the <br />end of this statement, shows in detail all aspects of reimbursement <br />of power costs. Power racilities or the project are entered into <br />plant-in-service in the year in which they become revenue producing. <br />The total investment or $61,304,000 accrues over the last 9 years <br />of the construction period, nscal years 1966 to 1974. The cost of <br />each racility is amortized with interest at 2.5 percent within 50 <br />years from the time it begins to produce revenues. In fact, the <br />total power allocation is amortized in an overall period of 50 years <br />comprising eight years during project construction and 42 years there- <br />after. <br /> <br />Upon retirement of the power investment, net annual power <br />revenues are applied for ten years to assist in the repayment of irri- <br />gation costs in a total amount of $17,588,510. This assistance <br />accrues from the 42nd to the 51st year after completion of project <br />construction. A surplus or $1,819,466 from power revenues occurs in <br />the 51st year of full project operations. <br /> <br />Municipal water repayment <br /> <br />.' <br /> <br />Amortization of costs allocated to municipal and industrial <br />water is shown in two components on the payout study at the end of <br />this statement. The cost or the delivery system, consisting of pipe- <br />lines and appurtenant works to Colorado Springs and Arkansas Valley <br />towns, is repaid within 50 years with interest at 2.5 percent by a <br />