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CED-80-69 1 (1980-03-25)

handle is hein.gao/gaobabajw0001 and id is 1 raw text is: 11 7 UNITED STATES GENERAL ACCOUNTING OFFICE WASHINGTON, D.C. 20548 IN RVILY REFER TO: COMMUNIY AND ECONOMIC DEV nOPMENT DIVISION B-197590 MARCH 25, 1980 The Honorable Cecil D. Andrus N t Secretary of the Interior /111886 Dear Mr. Secretary: Subject: 1§elected Water Sales Contracts3(CED-80-69) During our review of the adequacy of western water supplies to support energy and mineral development, we identified several large and important Federal reservoirs in the Upper Colorado and Upper Missouri Basins which have water for sale. We briefly analyzed industrial water marketing practices at those reservoirs. As a result of that analysis, we identified several issues that warrant your attention. we found that the Water and Power Resources Service (formerly the Bureau of Reclamation) had, on occasion, not charged enough for water to (1) recover total reimbursable project costs, (2) account for the increased market value of water, and (3) account for the increased availability of water for sale. In each case Federal costs could have been recovered more quickly if appropriate prices had been charged. Since we limited our analysis to contracts identified in the energy and mineral review, we do not know how prevalent the issues discussed in this report may be. Nevertheless, we believe each issue involves important water marketing prac- tices that should be examined carefully and corrected where possible. We believe that the examples in this report demonstrate the need for additional monitoring of water marketing poli- cies to assure adequate. water prices, project repayment, and regional and project consistency. None of our recommenda- tions involve new legislation or even new Interior policies; we are simply recommending that additional attention be given to appropriate marketing practices. S(080370)

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