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<br /> <br />. <br /> <br />. <br /> <br />1 another. <br /> <br />~ <br />., <br /> <br />There ~re fIve r~rtjcipating projects which fall into an <br /> <br />3 inactive status. Plans as presently formulated for these <br /> <br />d projects have been found to be uneconomically justified. Since <br /> <br />5 the timing of construction and repayment requirements on these <br /> <br />G projects Is so uncertain, we have set construction and <br /> <br />7 rer~yment schedules into the future far enough that the <br /> <br />8 revenues required for irrjg~tion assistance will not have any <br /> <br />9 effect on the proposed rRSP power rate. <br /> <br />._---J <br />10 The participating projects were authorized by <br /> <br />11 congressional legislation and unless congress deauthorizes <br /> <br />I? these projects, we do not have the authority to delete them <br /> <br />13 from our repayment analysis, <br /> <br />14 <br /> <br />In summary, none of the participating projects can be <br /> <br />15 omitted from our financial analysis and repayment requirements. <br /> <br />Ui 1I0wever, Ive have c1eferred the construction, repayment, and <br /> <br />]7 water depletion schedules of those projects which are presently <br /> <br />18 found to be uneconomicaIl y jl1sl:i fied. These clcferments <br /> <br />19 eliminate the impact of project repayments on the current rate <br /> <br />20 analysis nnd provide maximum utilization of power revenues. <br /> <br />21 Another ~re~ that is of interest to many of you is <br /> <br />?2 Reclamation's program to rewinc1 and uprate the generators at <br /> <br />?1 the Glen Canyon Power Plant. ^ review of inactivity may be <br /> <br />24 appropriate. <br /> <br />25 Tns111~tion testing as e~rly as 1975 revealed deterioration <br /> <br />30 <br /> <br />Intermountain Court Reporters <br />/r.1-11flfi <br />