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Scratching the Surface (Water)

Scratching the Surface (Water). Elliot Wilkinson-Ray. Surface Water. 93% (roughly 445 million gallons per day) = private profit. Current Revenue: Public Supply: $ 35,000,000 Wastewater Permits: $ 1,692,350 Hydroelectric: $ 164,775,527

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Scratching the Surface (Water)

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  1. Scratching the Surface (Water) Elliot Wilkinson-Ray

  2. Surface Water 93% (roughly 445 million gallons per day) = private profit Current Revenue: • Public Supply: $ 35,000,000 • Wastewater Permits: $ 1,692,350 • Hydroelectric: $ 164,775,527 • Thermoelectric: $ 100,000,000 • Recreation: $ 109,096,309 • Total: $ 410,564,186 • There are other industrial uses

  3. Rent from Hydro • 5% of hydro revenue ($164,775,527) = $ 8,238,776.4 • End local electricity subsidy: = $ 7,500,000

  4. Thermoelectric Withdrawals

  5. Rent collection: • $0.05/1,000 gallons, (2% of the current wholesale water rate) = $ 7,600,000 • “52% of fresh surface water withdrawals in the US are for thermoelectric-power use. Establishing the right to tax this use in Vermont would have serious implications for the rest of the country.”

  6. Increasing Price Structure: • Base price ATC $3.20 eco valuation $.40 rent payment $0.00 /1,000 gals.=$3.60 • 2,000-40,000 gallons: ATC $3.20 ecovaluation $.40 rent payment $.80 /1,000 gals. =$4.40 • 40,000-100,000 gallons: ATC $3.20, ecovaluation $.40 rent payment $1.50 /1,000 gals. =$5.10 • 100,000+ gallons ATC $3.20, ecovaluation $.40 rent payment $ 2.50 /1,000 gals. =$6.10

  7. Rent collection: • Public Supply: 10% of public revenue: $ 3,500,000 *estimation* • Other use withdrawal fee: $.05/1,000 gallon (24 million gallons/day) = $438,000

  8. Total Rent Value • $ 8,238,776.4 - Hydro rent • $ 7,500,000 - End local electric subsidy • $ 7,600,000 - Thermo-electric use • $ 3,500,000 - Public Supply • $ 438,000 - Other use withdrawal fee • Total: $ 27,276,776

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