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<br />1950-1951 HIGHliGHTS
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<br /> Expansion of plant facilities were continued at a cost of $6, 458, 000 ..
<br /> in 1950-1951, of which $5, 600, 000 was for additional generating ma- ,
<br />PIad chinery and equipment (Units A-3, A-4, and A-9), $454,000 for Dam ,
<br />JH.llMi~ and Powerhouse improvements, and $400,000 for Boulder City prop- '
<br /> erties. The total investment was increased to $158, 135, 000, of which
<br /> $5,800,000 is in Boulder City and $7, 225, 000 was for Work in Prog-
<br /> ress, principally generating machinery and equipment.
<br /> Revenue from all sources this year was $9, 158,000, a 7"/. de-
<br />R~ crease from last year, attributed largely to less favorable reservoir
<br />supply. Since beginning of operations, a total revenue of $104,010,000
<br /> has been realized. .
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<br /> Operating Expenses decreased $178,000, or 6% from last year,
<br />(J pe;udiHtf to $2,740,000, as a result of operating economie~, nonrecurring items
<br />of extraordinary expenses and decreased maintenance requirements, ,
<br />~ despite a general round of wage increases in December 1950, to wage-
<br />hour employees.
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<br /> Total sale of firm and secondary power was 4,421, 000, 000 kilo- ,
<br />PIU/J.eIJ, watt-hours, as against 6,003,000,000 in 1949-1950, a reduction of
<br />PlJ.OdudioH. 1,582,000,000, or 26.4% attributed to less favorable water conditions
<br /> in the basin. ,
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<br />LOH9-1e1J.Ht. Long~Term Debt increased $2,828,000 to $111,770,000. The ,
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<br />:belJt increase is comprised of new advances for construction of $4,050,000,
<br />less repayments made on the debt of $1,222,000. J.
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<br />P~J,to Payments to the United States Treasury from revenues totaled
<br />United. Stated. $4,500,000, applied $3,278,000 to payment of mterest and $1, 222, 000 ' ,
<br />to principal of debt. Since beginning of operations, the project has paid
<br />11J.ead#.Uf in to the general Treasury of the United States a total of $64,956,000,
<br />of which $50, 626, 000 was for interest and $14,330,000 was in reduc- I
<br /> tion of principal.
<br /> Wage increases averaging from 6 to 7,,/. were granted December
<br />LabM ad 24, 1950, to wage-hour employees on operation; and increases averag-
<br />1J1J~ ing from 5 to 6% were granted January 21, 1951, to wage-hour employ-
<br />ees on construction. No general increases were granted to classified
<br /> employees.
<br />BouideIJ. The' Bureau-wide attack on the Boulder City problem was more
<br />highly concentrated, looking toward methods and means of effectuating
<br />edij the Reining recommendations for local self-government.
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