WSP05254

• File Number: 8220.200.05.R
• Description: Hoover Dam/Lake Mead/Boulder Canyon Project
• Basin: Colorado Mainstem
• Date: 7/27/1938
• Author: LA Water & Power
• Title: Boulder Canyon Project: Estimated Comparative Financial Results Based on Bureau of Reclamation 1936 Estimates of Investment Sales and Expenses
• Water Supply Pro - Doc Type: Report/Study

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BOULDER CANYON PROJECT

c

ect Act

ftA" .
(Under Present
Boulder Canyon
Project Act)

"B" **
(Under
Proposed
Le/l:islation)

1. Rate for "firm" falling water which may
reasonably be expected in 1945 and
thereafter on basis Of rate-fixing
conditions. (Under "A", competitive
conditions; under liB", financial re-
quirements)

1. 00 mill

1.00 mill

2. 1 mill rate (under "A", in 1945; under
"B" immediately):

(a) Date when money becomes first
available in "seJ8rate rum"

Never

Immediately

(b) Accur:lUlation for "separate fund"
within 50-year period

Defici t
$75,200,000

tH,J.bU,UUU
I~ ,,"o,O"GO
I

~. Rate after 1945 necessary to caver re-
payment to Government in the 50 years,
with nothing for the "separate fund"

1.3 mills

0.8 mills

*Interest rate on total investment,4%; flood control allocation
of $25,000,000 emortized out of 62-1/2% of surplus revenues;
payments to each of States of Arizona and Nevada of 18-3/4%
of alrplus revenues; rate for falling water for generation
of firm energy adjusted in 1945 to one mill per kilowatt-
hour, end cont inuing thereafter, in accordanc e with assumed
competitive conditions.

**Interest rate on power allocation, 3-1/2%, except apprOximately
actual money cost during construction; adVances repaid over
period Of fifty years, except flood control allocation of
$25,000,000 repaid without interest after 1987; payments of
$300,000 per year to each of States of Arizona and Nevada;
payments of $400,000 per year into "separate fund", except
modified dUring absorption period; rates for falling water
fixed to provide financial requireoents.