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<br />Summary <br />The allocation of the construction costs applying the above,pattern is <br />detailed and summarized in Table 2. <br /> <br />Distribution of Allocated Construction Costs Among Storage Units <br /> <br /> <br />As shown in Table 2, the construction costs of the storage project are <br /> <br /> <br />allocated as a single package. For established repayment-accounting_and <br /> <br /> <br />reporting purposes, however, it is necessary to distribute the allocated <br /> <br /> <br />construction costs back among the units by purpose. This distribution is <br /> <br /> <br />necessarily somewhat arbitrary but has consistently been effected using a <br /> <br /> <br />single procedure. To the extent possible, benefits are used as a basis for <br /> <br /> <br />the distribution. For the reason explained in the foregoing discussion of <br /> <br /> <br />the method of cost allocation used, the benefits used are as evaluated <br /> <br /> <br />at the time the storage project power and water selling rates were <br /> <br /> <br />established. The distribution of the allocated construction costs back <br /> <br /> <br />among the storage project units is detailed and summarized in Table 3. <br /> <br />Interest During Construction Allocation and Distribution <br />Interest during construction is allocable to project purposes in the same <br />relative proportions as the construction costs with which the interest is <br />associated. Interest during construction is computed separately for each <br />storage unit and for the Transmission Division. The interest for each <br />unit is in turn computed in two components: Interest on joint-use type <br />facilities (dams, reservoirs, visitors centers, etc.,) and specific power <br />type facilities (powerp1ants, switchyards, etc.). This method of interest <br />computation facilitates the allocation and distribution of the interest <br />since the construction costs are easily identifiable on the same basis. <br />Table 4 summarizes the allocation and distribution of the total $49,541,499 <br />of interest during construction computed using a 2-1/2% per annum simple <br /> <br />rate. <br /> <br />Operating Costs Allocation and Distribution <br /> <br /> <br />The annual costs of operating the storage project consist of operation and <br /> <br /> <br />maintenance costs, replacement costs, power wheeling costs, costs of pur- <br /> <br />10 <br />