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<br /> <br />t <br /> <br />Navajo Reservoir scene of much activity <br /> <br />Through fiscal year 1983. power revenues <br />have paid nearly $179 million, municipal and <br />industrial water revenues have paid more than <br />$12 million, and irrigators have paid more than <br />$3 million. All of this repayment is in addition <br />to operating costs and more than $207 million <br />in reimbursable interest. To date. Colorado <br />River Storage Project revenues have <br />amounted to more than $865 million, nearly <br />half of which has been returned to the Federal <br />Treasury as repayment and Interest on the <br />investment. <br /> <br />Repayment contracts have been executed for <br />17 of the 24 participating projects. 16 of which <br />are constructed or under construction. The <br />Navajo Indian Irrigation Project is also under <br />construction. but a repayment contract is not <br />required for this nonreimbursable Indian <br />project. Of the seven projects on which con- <br />struction has not yel started, a contract has <br />been executed on one of them; one is nearing <br />contract execution; four are in the advance <br />planning slage; and one has been postponed <br />Indeflnlteiy <br /> <br /> <br />Downstream face of Fontenelle Dam during spilling <br /> <br />Projections using current estimates of Colo- <br />rado River Storage Project costs, construction <br />schedules, and revenues from power sales, <br />municipal and industrial water sales, payments <br />by irrigators, ad valorem taxes, and miscel- <br />laneous revenues show that payment of the <br />reimbursable costs of the authorized Colorado <br />River Storage Project and participating projects <br />can be accomplished within the repayment <br />periods. <br /> <br /> <br />n-..~...~ <br />'.t"!...:.B <br />1983 was one of few times Crystal Dam spilled. <br /> <br />The repayment study used for this report is <br />coordinated with the assumptions, costs and <br />expenditures shown in the Bureau of Reclama- <br />tion Budget Documents and Financial Records. <br />The Colorado River Storage Project power rate <br />used is $34.17 per kilowatt year and 6.7 mills <br />per kilowatt hour (composite rate is 13.4 mills <br />per kilowatt hour at a 58.2 percent load factor). <br />However, for rate adjustment purposes, <br />Western Area Power Administration, the power <br />marketing agency, has prepared another <br />repayment study in accordance with the <br />August 26, 1983. agreement between the <br />Bureau of Reclamation and the Western Area <br />Power Administration. <br /> <br />33 <br />