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<br /> <br />. <br />. <br /> <br /> <br />. <br /> <br />. <br /> <br />tl<1SNJ Oil the fisc,,1 ye,lr 1977 stuelies. The results of pnch of <br /> <br />;> the studipf3 for tile lilst 4 yenrs show that a composite rate <br /> <br />1 'lrc,lter th"n 7.r9 cd] Is "as needec1. Thp fiscal yeer 1977 po,ICr <br /> <br />4 requi rcnw1,t study "11S used as a bi'sis for the present interim <br /> <br />~; rilLe "hich W,1S c1isilpprovf>d by thl' Federal Energy Regulatory <br /> <br />G Co~mission, Wllich I'll llcrc after refer to as the FERC, on <br /> <br />7 O<.loher 1;>,198;>. <br /> <br />B Western recl'ntly retitlonec1 the FRRC for il rehenring on <br /> <br />9 thilt rilte, and In the event that our petition is denied, we <br /> <br />In will hilve to dev"lop il suhstitute power rate but we are not <br /> <br />I I "ttemptl ng to do thi't now. <br /> <br />p <br /> <br />1I0wf'vcr, it is posslbl" thilt ~;ome of the studies that we <br /> <br />13 will be talking about this morning will also he used to develop <br /> <br />14 ~ sub~titute r~te ~t i1 later time. <br /> <br />15 <br /> <br />" / <br />. _f-' <br />,U <br /> <br />:'he results of tb~Jj:';,<:',<l),,:t~ilrL9.?1. stu,dy usin9, the <br /> <br />.. -". "..... <br /> <br />, <br />IG current intArim rntc of 7.89 mills per kilowatt hour nt a 58.2 <br /> <br />17 [>l'rcenL load filctor tell us thilt the current rates do not <br /> <br />'If! provide C'nou<]h r('VenU0 t.o meet our repaynH}nt r€'qui rerncnts. All <br /> <br />19 the spilce under the strilight diagonnl line thAt runs under 2 <br /> <br />20 billion dollilrs to 7 hlllion dollnrs represents the cumulative <br /> <br />21 totnl power reVl'nups from fiSCAl Yl'ar 20nO to 2090, while the <br /> <br />22 very top irregular line shows whnt revenups nre needed to cover <br /> <br />23 all of thp cumulative costs in the study. <br /> <br />;>4 The difference hetween thORP lines is the deficit. The <br /> <br />25 major cost cAtngories that nhsorh the availnble revenues are <br /> <br />10 <br /> <br />Intcrmountilin Court Reporters <br />2(,3-13% <br />