OCR Text |
Show The preservation and continued application of that policy is vital to further development of water resource projects in the Upper Colorado River Basin. Finally, since the abandonment of that policy would greatly increase the cost of power, the preservation and application of that policy is of immense importance to REA cooperatives, municipalities, and others, for which power should, of course, be supplied at the most reasonable rates. In the light of the foregoing, it surely becomes clear that there is reasonable basis in law and in policy for charging for certain vendible services (e.g. power and municipal water supply) rates perhaps slightly higher than might be required to return their mere cost in order to make certain other vendible services (e.g. irrigation water) available at a price that can be met. In the Upper Colorado River Basin, however, it will not be necessary to charge a higher rate for either power or municipal water. Interest returned on the power investment will afford sufficient financial assistance toward pay-out of irrigation costs. -24- |