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$1 10.2 million. The repayment studies from which the summary information has been 

 obtained have not been provided since they are very voluminous. The FY 1996 

 database used in the repayment studies was derived from the data base for the 1993 

 Bonneville rate case covering fiscal years 1994 and 1995. The Department will provide 

 the detailed base case numbers to the committee. 



Currently, Bonneville's debt service payments to Treasury include principal and interest 

 on the historical appropriated debt which is proposed for but-out, as well as the Federal 

 debt service on bonds issued by Bonneville to Treasury, future systems replacements, 

 and irrigation assistance. If Bonneville were to buy-out the repayment obligation on 

 appropriations with bonds sold by Bonneville in the open market, the resulting stream 

 of debt service payments to Treasury would include a lump-sum, upfront payment of 

 net proceeds from the open market sales, and principal and interest payments on the 

 remaining Federal obligations. Bonneville would ensure that the size and structure of 

 the open market sales were such that the lump-sum, up-front payment, plus the present 

 value of the debt service on remaining Federal obligations, were sufficient to produce a 

 $100 million increase in present value. 



