Laserfiche WebLink
<br />bution of power allocations between the Northern and Southern Divisions. <br />Therefore, revenues available to the Upper Division States are not affected by <br />changes in the distribution of power allocations between the Northern and <br />Southern Divisions. <br /> <br />Current Use of Power Revenues <br /> <br />Revenues collected from power sales in both the Northern and Southern <br />Divisions are credited to the Upper Colorado River Basin Fund. Storage unit <br />power revenues in the Basin Fund in exces~ of specific project repayment <br />requirements are apportioned as follows: Colorado (46 percent), New Mexico <br />(17 percent), Utah (21.5 percent), and Wyoming (15.5 percent). Such appor- <br />tioned revenues are for use in the repayment of construction costs of <br />authorized Participating Projects as specified by Congress. <br /> <br />Authorized Projects <br /> <br />Western has identified 53 authorized projects in the Upper Colorado River <br />Basin, of which 20 are Participating Projects associated with the CRSP. <br />Estimated costs of the unfunded authorized projects total $2,910,614,000, <br />of which $1,453,124,000 relate to participating projects. CRSP power reve- <br />nues in the FY 1981 power repayment study are scheduled to repay a total of <br />$2,629,000,000 of participating projects costs by 2090. The total estimated <br />costs for all authorized projects exceed $7,575,000,000. Annually, from 2010 <br />through 2090, revenues ranging from about $333,000 to $39,000,000 are <br />available for repaying participating projects costs. <br /> <br />Alternatives for Additional Power Revenues <br /> <br />To prepare this report, studies were conducted to determine the potential <br />for providing additional power revenues for early development of authorized <br />projects. Over 20 alternative studies were conducted in order to define the <br />potential revenue available under various repayment conditions. Evaluation <br />of these studies indicated that to assure 'desired revenues will be available <br />for irrigation assistance, a definite change in the power rate would be <br />required, similar to the approach used in Section 102 of the Hoover Power <br />Plant Act of 1984. The Alternatives researched would generate additional <br />average annual revenues ranging from no additional revenue to a high of about <br />$260 million. These revenues would require increases in the power rates up to <br />a maximum of about 40 mills per kWh. These studies were cursory in nature. <br />They were conducted to provide the broadest perspective possible within the <br />time allotted. The studies provide Western's best estimate of revenues that <br />would be generated under each alternative investigated and, as such, are <br />considered appropriate for providing a perspective on the relative <br />contributions of the various alternatives. The studies are not represented as <br />providing the level of detail used when Western computes actual repayment <br />obligations for rate-setting purposes. <br /> <br />2 <br /> <br />. <br /> <br />