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<br />3600 feet could be made up at Hoover. <br /> <br />If this is the <br /> <br />. LJr~y/ <br /> <br />case, it should be <br /> <br />mentioned that no significant change in the operating levels at Hoover <br /> <br />can be foreseen because of changes in maximum allowable water levels at <br /> <br />Lake Powell. Therefore, it is difficult to ascertain how the capacity <br /> <br />lost at Glen Canyon could be regained at Hoover. <br /> <br />The cost of prod~cing energy at Hoover Darn is immaterial to the <br /> <br />Upper Basin anyhow, because under the law there is no w~ of crediting <br /> <br />power revenues created by generation there to the Upper Basin. <br /> <br />The doctor's statement that nothing can be done now to help <br /> <br />retrieve the federal government's investment in Glen Canyon Dam and the <br /> <br />Colorado River Storage Project is another untruth refuted by the facts. <br /> <br />. All that is necessary for the government to retrieve its investment and, <br /> <br />~ addition, create an Upper Colorado River Basin Fund of over a billion <br /> <br /> <br />dollars by year 2059 is to operate Lcl.e Powell as Congress intended when <br /> <br />it passed the Colorado River Storage Project Ac~ ~~ the Colorado River <br /> <br />Basin Project Act. For instance, in fiscal 1971, pOlrer operating revenues <br /> <br />paid all power operating and interest costs and repaid ~8.4 million of the <br /> <br />principal on costs allocated to construction of power facilities for a <br /> <br />cumulative total payment of $13.3 million to the end of the fiscal year. <br /> <br />Interest-bearing investment in power features will be repaid by the end <br /> <br />of fiscal year 2008. By 2011 all power, irrigation, and municipal and <br /> <br />industrial allocations of the entire Colorado River Storage Project and <br /> <br />the power allocations of the Seedskadee participating project and Central <br /> <br />Utah Project will be entirely repaid. <br /> <br />- <br /> <br />14 <br />