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.- Navajo Dam and Lake amount was applied to repayment of M&I investments in the participating projects. During the year irrigators paid about $250,000 toward repayment of the Irriga- tion allocatfon. To date, power revenues have paid $92 million_ Municipal and In- dustrial water revenues have paid $6 million and irrigators have paid $2 million. All of this repayment is in addition to operating costs. Contracts have been executed for 16 of the 24 participating projects; 15 of which are constructed or under construction. The Navajo Indian Irrigation Project is also under construction but a repayment con. tract is not required tor this non.reim. bursable Indian prOject. Of the eight proj- ects on which construction has not yet started, a contract has been executed for one; two are nearing contract execution; four are in the advance planning stage, and one has been postponed indefjnitely_ In order to provide revenues sufficient to pay annual operating costs of the storage units, provide for replacements, pay in- terest charges, repay costs of the storage units allocated to power, assist in repay- ment of storage unit costs allocated to ir- rigation, pay specified salinity costs, and to provide assistance in repaying the ~{ Scenic view of Flaming Gorge irrigation allocation of authorized par. ticipating projects within the time limits prescribed by law, it is necessary to in- crease the CRSP pOwer selling rate_ It is proposed to increase the current power rate about 26 percent beginning in October 1980 and to increase that rate approximately 7 percent beginning in Oc- tober 1983_ The proposed fiscal year 1980 rate would be about 37 percent above the original CRSP power rate, which was in ef- fect prior to April 1974. The proposed 1983 rate is about 47 percent above the original rate. These increases are reflected in the exhibit in the envelope On the inside back caver. The principal reasons for the projected in- crease include the inflationary rise in pres- ent and projected power system operating costs, estimated higher costs to complete construction of the authorized storage units and participating projects facilities including mitigation and environmental Protection costs, the increased cost of purchased energy required to fulfill Con- tract commitments and the increase in the estimated construction and operating costs of four specific authorized Colorado River Saljnity Controi Projects (Public Law 93-320, 88 Stat 266)_ ..., Fontenelle Dam and Reservoir Projections using current estimates of CRSP costs, construction schedules, and revenues from power sales (including the proposed rate increase), municipal and in- dustrial water sales, payments by irri. gators, ad valorem taxes, and miscella- neous revenues show that payment of the reimbursable costs of the authorized Colo- rado River Storage PrOject and par- ticipating prOjects can be accomplished within the authorized repayment periods_ NOTE: A detailed chart of the Historical and Projected Repayment of Authorized Reimbursable Investment is located in the sleeve of the back COver. 31