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<br />~ <br />~ <br />C\.' <br />(:'< <br /> <br />c <br /> <br />was not prese~ted ~~d cap~ot be deduced from available data. <br /> <br />Hence, possible deficiencies in available falling water for the <br /> <br />generation of firm ~ner:gymust be taken into account in any <br /> <br />computation of rates designed to accomplish the purposes of the <br /> <br />act. <br /> <br />The second factor, thEt is, the assullled efficiency of the <br /> <br />generating plant, is as important for our purpose as the avail- <br /> <br />ability of falling vmter provided the original quantities of firm <br /> <br />energy are to be adhered to in the computation of a rate under <br /> <br />this act. As energy is the salable product and generating <br /> <br />efficiency is the link controlling the relation between available <br /> <br />falling water and available energy, the influence of this link, <br /> <br />as it affects rates, should be provided for in the new contracts. <br /> <br />In their existing contracts the allottees collectively <br /> <br />obligate themselves to take and/or pay for the assumed quantities <br /> <br />of firm energy above referred to, provided such energy is avail- <br /> <br />able. The allottees have proposed that this obligation be <br /> <br />carried over into the new contracts, and that in compensation <br /> <br />for this obligation the Uhited States in effect assumreresponsi- <br /> <br />bility for the availability of falling water, all to the end that <br /> <br />a rate may be fixed which complies ~~t~ the Adjustment Act and, <br /> <br />aside from the conditions provided for in sections 3 and 7 of <br /> <br />that act, will payout the cost of the project within the defined <br /> <br />50-year period. Could the Uhited States make a guarantee of the <br /> <br />assumed amount of falling water, the matter of computing a rate <br /> <br />9 <br />