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<br />li; <br />0: <br />N <br />N <br /> <br />c <br /> <br />would be relatively simple, but the United states cannot guarantee <br /> <br />rainfall upon which availability of falling water fu~d, hence, <br /> <br />energy depends. Therefore, another solution has been found in <br /> <br />the treatment of revenues to be derived from the sale of secondary <br /> <br />energy and stored water ~~d in a modification of charges reflect- <br /> <br />ing the efficiency with which falling water is converted into <br /> <br />energy by each operator of generating equipment. <br /> <br />Briefly this solution is that each allottee shall pay for <br /> <br />energy on the basis of its generation and delivery to the high <br /> <br />voltage transmission lines being accomplished at an average over- <br /> <br />all efficiency of 83 percent. The computation of actual efficiency <br /> <br />attained will be calculated from the water measured to each <br /> <br />turbine and the average static head of water available for the <br /> <br />month. <br /> <br />If the over-all efficiency is greater than 83 percent, the <br /> <br />allottee or allottees involved vnll, in effect, receive a bonus <br /> <br />by securing excess kilowatt hours not actually paid for, but if <br /> <br />the over-all efficiency is less than 83 percent, the allottee or <br /> <br />allottees involved will, in effect, be penalized by paying for <br /> <br />kilowatt hours not actually received. The formula under which <br /> <br />each allottee will be billed is as follows: <br /> <br />Actual or obligated kilowatt hours (whichever is the <br /> <br />greater) times 83 percent, divided by actual attained <br /> <br />over-all efficiency. <br /> <br />The operators are thus allowed full latitude in the matter <br /> <br />of "spinning reserve" but required to make an appropriate <br /> <br />10 <br />