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Show 6. Question. What part of the construction cost allocated to irrigation is to be paid by the irrigators? Answer. In 75 years the total payment by the irrigators would approximate $238,012,000. During this same period the operation, maintenance, and replacement costs would total approximately $232,777,000. The difference between these two figures-$5,235,000-would be paid by the irrigators toward the construction costs allocated to irrigation. 7. Question. How much of the construction cost is to be repaid from revenues from sale of commercial power ? Answer. Commercial power revenues would be sufficient to cover the cost of operation and maintenance, reserve for replacement, and capital costs allocated to power, amortized in 75 years with interest at 3 percent. The costs allocated to power cover only those project works devoted exclusively to the production and transmission of commercial power and commercial power's appropriate share of project works used jointly by several project functions. For example, the costs of Bridge Canyon power plant would be allocated between commercial power and irrigation in proportion to their respective uses of the power plant. Over the 75-year period, commercial power would pay on construction costs that part of the whole project cost appropriately allocable to commercial power; that part is $223,733,000 ($266,070,000). In addition, the interest component of commercial power revenues would total $341,212,000 ($405,780,000). |