OCR Text |
Show less the property of such holder dependent for its usefulness on a continuation of the contract be purchased or acquired and such holder be compensated for damages to its property, used and useful in the transmission and distribution of such electrical energy and not taken, resulting from the termination of the supply. (c) Contracts for the sale and delivery of electrical energy shall be made with responsible applicants therefor who will pay the price fixed by the said Secretary with a view to meeting the revenue requirements of the project as herein provided for. In case of conflicting applications, if any, such conflicts shall be resolved by the said Secretary, after hearing, with due regard to the public interest, and in conformity with the policy expressed in section 7 of the "Federal Water Power Act" as to conflicting applications for permits and license: Provided, however, That no application of a political subdivision for an allocation of electrical energy shall be denied or another application in conflict therewith be granted on the ground that the bond issue of such political subdivision, necessary to enable the applicant to utilize the electrical energy applied for, has not been authorized or marketed, until after a reasonable [U. B.] [opportunity] time to be determined by the said Secretary has been given to such applicant to have such bond issue authorized and marketed. (d) Any agency receiving a contract for electrical energy equivalent to one hundred thousand firm horsepower, or more, may, when deemed feasible by the said Secretary, from engineering and economic [Pro.] [consideration] considerations and under general regulations prescribed by him, be required to permit other similar agencies having contracts hereunder for less than the equivalent of twenty-five thousand firm horsepower to participate in the benefits and use of any main transmission line constructed by the former for carrying such energy, [Pro.] {not exceeding, however, one-fourth the capacity of such line) upon pay- |
Source |
Original book: [State of Arizona, complainant v. State of California, Palo Verde Irrigation District, Coachella Valley County Water District, Metropolitan Water District of Southern California, City of Los Angeles, California, City of San Diego, California, and County of San Diego, California, defendants, United States of America, State of Nevada, State of New Mexico, State of Utah, interveners] : California exhibits. |