Is the Marble Canyon Project economically justified?
ResearchPublished 1966
ResearchPublished 1966
New benefit-cost calculations for the Marble Canyon Project, based on current arguments on its economic feasibility. The main differences between these and the ones of the Bureau of Reclamation concern the use of the same rate of return on capital for both project and alternative, and the location of the latter at one, not two load centers. Since current prices show that a nuclear alternative would cost less for generating peaking power, the project is not economically justified. Nuclear costs are developed for three cases. For each, the benefit-cost ratio is less than 1:1. The major assumptions are enumerated, and judged biased in favor of the Project.
This publication is part of the RAND paper series. The paper series was a product of RAND from 1948 to 2003 that captured speeches, memorials, and derivative research, usually prepared on authors' own time and meant to be the scholarly or scientific contribution of individual authors to their professional fields. Papers were less formal than reports and did not require rigorous peer review.
This document and trademark(s) contained herein are protected by law. This representation of RAND intellectual property is provided for noncommercial use only. Unauthorized posting of this publication online is prohibited; linking directly to this product page is encouraged. Permission is required from RAND to reproduce, or reuse in another form, any of its research documents for commercial purposes. For information on reprint and reuse permissions, please visit www.rand.org/pubs/permissions.
RAND is a nonprofit institution that helps improve policy and decisionmaking through research and analysis. RAND's publications do not necessarily reflect the opinions of its research clients and sponsors.