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.- r,. ~ "''''....:.. I~ MAIN A()lJEOUCT ~.\ , energy were to be divided between the United States and the District, the District's portion to be applied to amortization of it" share of the construction cost of the plant. In aid of the war pro- gram the United States also had under consideration the integra- tion of other generating plants with the Parker system, and the interchange of power between the Parker and Boulder systems. These plans introduced so many complications into the problem of segregating and dividing Parker power revenues that negotia- tions were initiated for a revision and simplification of the con- tractual relations between the District and the United States with respect to Parker Dam. At the close of the year, a draft of a new contract had been prepared and was awaiting execution. The new contract (finally executed July 19, 1942) provides that in lieu of its previous share of revenues, the District shall be credited with $475.00 per day for each of its two generating units during the period when the United States retains the exclusive use and benefit of such units. The rights of the United States to use and the rights of the District to have "uch unit or units transferred to the service of the District remain unchanged. Pawe,. for Defense Plant Corpondion On May 9, 1942, after extended negotiations, the District executed a three-year agreement with Defense Plant Corpora- tion, the United States, and other allottees of Boulder energy, arranging a ]lower supply for the plant of Basic Magnesium, Inc., near Las Vegas, Nevada. Under this agreement, Defense Plant Corporation agrees to purchase and pay for, whether used or not, 3,375,000,000 kwhr of the District's unused firm energy during the three-year period ending May 31, 1945. Additional amounts of District unused energy may be taken if available ami 376,000,000 kwhr of Nevada's allotment of Boulder energy are to be taken during the last two years of the contract. Provision also is made for Defense Plant Corporation to take energy from Parker power plant at rates and terms to be agreed upon later. Contracts for sale of the above mentioned energy to Defense Plant Corporation were concurrently executed by the Secretary of the. hterior. The contracts thus dispose of all of the Boulder energy during the three-year period which the District can definitely relinquish at this time, and provide a possible means of disposing of an)' additional amounts which may prove to be in excess of the Dis- trict's actual use and the requirements of previous resale contracts