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Show project power at the designated load centers, of which there are seven in Utah, will be the same throughout the Basin both in Utah and in other states. "Although not Federal lines will be built in Utah, I am assured as-sured by the Commissioner of Reclamation that all rights of our preference customers will be fully protected under these agreements. "We should remember that Utah's participation in the Basin Fund is on a percentage of the total to build our reclamation and water projects we receive 21 Vz per cent of the revenues in the Basin Fund. Power revenues reve-nues make up that fund. Therefore, There-fore, savings made anywhere on the project are just as valuable to us as savings made in Utah. "The announcement of these agreements again makes clear that the original utility proposal enthusiastically supported by Moss Sees Saving In Colorado Basin Power Agreement The following is a statement of Senator Frank E. Moss (D-Utah) (D-Utah) on the announcement of the Secretary of the Interior that agreement has been reached between be-tween the Bureau of Reclamation and the private utility companies under which electric power of the Colorado River Storage Project will be delivered over a joint Federal and private utility transmission trans-mission system. Senator Moss said: "By insisting insist-ing on authorizing the Federal government to spend, if necessary neces-sary to build Federal transmission transmis-sion lines for the Colorado River Storage Project, Congress has made possible a saving of $400,-000,000 $400,-000,000 for the Basin Fund during dur-ing the payout period. "That amount is the difference between the original private utility proposal and the one . s a i l xi ..i:u agreed to now between the utilities utili-ties and the Bureau of Reclamation. Reclama-tion. "And the Department of the Interior has made it clear that appropriation of money to build the power transmission lines enabled en-abled the Bureau to negotiate from strength. "The fact that Utah is the only state in which a wheeling charge will be made will not affect the rate which Utah preference customers cus-tomers will pay for power. The delivered price for Colorado Governor Clyde, Senator Bennett, Ben-nett, and other Utahns was against the interest of the State of Utah, of the power consumers, and of the Basin Fund from which Utah's participating projects proj-ects must be financed. "Because Congress rejected the Clyde-Bennett position, Utah will enjoy an increased amount from the Basin Fund estimated at $86,000,000. "But I am pleased that the Bureau and the private utilities have finally reached this agreement. agree-ment. It will provide $77 million fore for the Basin Fund than would the all-Federal line, and require a smaller Federal investment invest-ment by $27 million." Senator Moss said the Bureau of Reclamation informed him s that acceptance of the initial offer of Utah Power and Light Co. and California Pacific Utilities Utili-ties Co. to deliver project power in Utah would have required a payment of $114,083,000. Under Un-der the present agreement the two companies will receive $52,-808,000 $52,-808,000 over the same 86-year period. |
