Purchase of power, service charges, rental of transmission facilities, gross sales, receipts deposited, and expenditures from continuing fund, fiscal year 1961-Continued 7. Southwestern Electric Power Co. (Narrows Dam): A. Charges by company: Purchase of power (50 percent L.F.): 5,000 kilowatts times $0.60 times 12 months. 22,300,000 kilowatt-hours times $0.004... Service charge: 12,000,000 kilowatt-hours times $0.001.. B. Sales to company, 17,000 kilowatts and 18,000,000 kilowatt Contract 8. KAMO Electric Cooperative: A. Charges by cooperative: Estimated operation, maintenance, and replacement 2. Total rental transmission facilities.. B. Sales to cooperative (50 percent L.F.): Total, KAMO Electric Cooperative.. 9. M. & A. Electric Power Cooperative: A. Charges by cooperative: (1) Service charges: B. Sales to cooperative: See footnotes at end of table, p. 765. Purchase of power, service charges, rental of transmission facilities, gross sales, receipts deposited, and expenditures from continuing fund, fiscal year 1961-Continued Total gross operating revenue. Amount of offset in settlement of accounts.. Net revenue and receipts deposited in the Treasury. Expenditures from continuing fund, fiscal year 1961. 1 Offset of amount due the Government against amount due the cooperative. 2 Based on experience of previous years' operations. 3 Operation and maintenance at $180 per mile for 182.4 miles of transmission lines: 4 Operation and maintenance at $180 per mile for 254 miles of transmission, $0.40 per 15, 310, 000 6, 368,000 8, 942, 000 $5, 000, 000 kilovolt-ampere of substation capacity (55,000 kilovolt-amperes) replacement, 1 percent times investment less land costs ($5,707,838). Operation and maintenance at $128 per mile for 649.4 miles of transmission lines, $0.40 per kilovolt-ampere of substation capacity (44,000 kilovolt-amperes). Replacement, 1 percent times investment less land costs ($6,232,913). Mr. WRIGHT. That is merely the funds necessary to pay out the balancing of purchased power and the rental for use of transmission capacity and wheeling arrangements or transmission charges with power companies and others that do not balance out when we make these payments. We had a $5 million allowance last year and the same allowance this year of which we expect to save $955,000, as I pointed out to the committee, due to a comparatively favorable water year. Mr. CANNON. Do you think the power sites that we now have completed and in operation, those that we have under construction, and those on which we have provided planning funds cover practically every available site that the future will require on this grid? Mr. WRIGHT. I think it probably covers, Mr. Chairman, practically every feasible site of any size. But, I think we have something else down there which I think the Government ought not to have to do, but which I think the Government can encourage others to do. That is one of the things I want to talk to you about, which will make as far as the people are concerned, an additional electric capacity available in far greater quantities than we have ever thought. I want to talk to you about that. AREA PLANNING Mr. CANNON. Now, taking up your second point Mr. WRIGHT. As I mentioned a moment ago, I am delighted to report to the chairman and this committee that the preference customer groups of the Southwestern Power Administration who have for years had an informal organization called the Southwest Power Advisory Committee, which meets with us every 3 months and puts their common problems on the table, have agreed that this group in the six States should form a planning and coordinating unit which will take the total problems of the area and study them and technically come up with the answer as to what should be in each area, and that each of these groups will cooperate with the other to the end that it is done. The reason this has now become necessary is very simple, and it is a physical reason. If we want to deliver power in Missouri right now from Greers Ferry Dam, all we have to do to deliver power in Missouri is to make some interconnections with the Arkansas-Missouri Power Co. and the Arkansas Power & Light Co. If you do not, none of your transmission systems which are interconnected will remain stable. |