OCR Text |
Show -10- All at 1.75 mills per kilowatt-hour. The power allocated to be used, sold, or otherwise disposed of by the State or its agency either within or without the State of allocation, each State or its agency to be given not less than 90 days from the date when a State is notified by the Secretary of the Interior to present applications with guarantees satisfactory to him for the fulfillment of any contract which shall be entered into by the Secretary of the Interior with the applicant, and in default of any such application with sufficient guarantees within the time limited, then the Secretary of the Interior shall offer the allocation at a price of not less than the 1.75 mills per kilowatt-hour; and in the event of the sale of such unappropriated allocations the successful applicant shall purchase the power subject to the right of the State or its agent to which the original allocation has been made to recapture the same after 15 years succeeding the date of the completion of the project, upon notice to the con-tractee of such intention, giving to the latter one year from the date of such notice to surrender the power. As to the contractee for capital investment, the recapturing State shall pay to the contractee such reasonable compensation as may be agreed upon, or in default thereof, then the recapture provisions of the Federal water power act as now in effect shall control. Mr. Ray, for Utah, and Mr. Wilson, for New Mexico, presented detailed data as regards the economic application of the power within the State of Utah, and in the future when transmission methods are perfected more than at present, within New Mexico, arguing that those States are entitled to their share of the power for the upbuilding of their own industries. |
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. |