Beecher Falls

This publication is the result of tax-supported funding from the USDA Rural
Development, and private foundation funding from the Neil and Louise Tillotson
Foundation. The document is not copyrightable. It may be reprinted with the customary
crediting of the sources
METER AND PRESSURE REGULATING STATION,

COMBINED HEAT AND POWER,
MARKET STUDY ANALYSIS
for
NORTHERN COMMUNITY INVESTMENT CORPORATION
off the pipeline facilities of
PORTLAND NATURAL GAS TRANSMISSION SYSTEM

in
BEECHER FALLS, VT
prepared by
NORTHSTAR INDUSTRIES, L.L.C.
northstarind.com
126 Merrimack Street,
Methuen, MA 01844
978.975.5500
Rev 0.0
MARCH, 2012
TABLE OF CONTENTS
SECTION I: NORTHSTAR INDUSTRIES: METERING & REGULATING STATION
1.0 EXECUTIVE SUMMARY ................................................................................................................................ 1
2.0 DESIGN BASELINE AND CRITERIA ........................................................................................................... 2
2.1
DESIGN CRIITERIA................................................................................................................................... 2
2.2
CODES AND STANDARDS ...................................................................................................................... 3
2.3
BASE DEISGN ............................................................................................................................................ 4
2.3.1
Mechanical Systems ............................................................................................................................ 4
2.3.2
Civil Structural and Architectural ....................................................................................................... 6
2.3.3
Electrical ............................................................................................................................................. 7
2.3.4
Communications .................................................................................................................................. 7
2.3.5
PNGTS RTU I/O List ......................................................................................................................... 10
2.3.6
Beecher Falls RTU I/O List ............................................................................................................... 11
2.3.7
Documentaion ................................................................................................................................... 12
3.0 STATION OPERATION................................................................................................................................. 13
4.0 DESIGN CALCULATION ............................................................................................................................. 15
4.1
VELOCITY ................................................................................................................................................ 15
4.2
DESIGN PRESSURE................................................................................................................................. 16
4.3
HOOP STRESS .......................................................................................................................................... 17
4.4
PREHEAT.................................................................................................................................................. 18
5.0 SCOPE AND COST ......................................................................................................................................... 19
5.1
SCOPE OF WORK .................................................................................................................................... 19
5.2
COST ......................................................................................................................................................... 20
6.0 SCHEDULE...................................................................................................................................................... 21
7.0 PRELIMINARY PROJECT DRAWINGS .................................................................................................... 22
SECTION II: ESSEX PARTNERSHIP: COMBINED HEAT AND POWER
8.0 COMBINED HEAT AND POWER ............................................................................................................... 23
9.0 STUDY SITE .................................................................................................................................................... 24
9.1
EXISTING CONDITIONS ........................................................................................................................ 24
9.2
INITIAL CONSTRAINTS ANALYSIS .................................................................................................... 27
10.0
PRELIMINARY PROJECT CONFIGURATION & BUILD OUT ........................................................ 29
11.0
PRELIMINARY EQUIPMENT SELECTION AND DESIGN BASIS ................................................... 30
12.0 REGULATORY ANALYSIS ...................................................................................................................... 32

12.1 REGULATION REQUIREMENTS .......................................................................................................... 32
12.2 PRELIMINARY REGULATORY TIMELINE & BUDGET ESTIMATE ................................................ 36
13.0 PRELIMINARY OPERATIONAL MODELS .......................................................................................... 37
13.1 STAFFING REQUIREMENTS .................................................................................................................37
13.2 ENVIRONMENTAL COMPLIANCE APPROACH ................................................................................ 38
14.0 PRELIMINARY ECONOMIC ANALYSIS .............................................................................................. 39
14.1 ECONOMIC FEASIBILITY MODEL DESCRIPTION ............................................................................ 39
14.2 MODEL LIMITATIONS ........................................................................................................................... 39
14.3 KEY INPUTS ............................................................................................................................................. 40
14.4 CASH ON CASH RESULTS ..................................................................................................................... 41
14.5 DEBT LEVERED RESULTS .................................................................................................................... 44
15.0
16.0
CONCLUSIONS ........................................................................................................................................... 48
APPENDICES
SECTION III: CAMOIN ASSOCIATES: MARKET STUDY ANALYSIS
PNGTS METERING AND REGULATING STATION, AND

COMBINED HEAT AND POWER
Page 1
1.0
EXECUTIVE SUMMARY
This Rev 0.0 Preliminary Engineering document outlines a design for a natural gas metering and
pressure regulating station to be located in Beecher Falls, Vt. The proposed station and
associated pipeline lateral will supply natural gas to a proposed Energy Park in Beecher Falls,
Vt. from the Portland Natural Gas Transmission System (PNGTS).
The report also describes work performed to evaluate potential options for siting and
constructing a Combine Heat and Power (CHP) facility that would provide energy (in the form
of electricity and steam or hot water) to tenants of the Energy Park. A Market Analysis is also
being conducted for the site, but the results of that analysis are not yet complete, and therefore it
is not reflected at the current time in this Rev 1.0 report.
The natural gas station will be installed on a developed site near the PNGTS pipeline tap
location. Northstar Industries, L.L.C. proposes to outfit a two room pre-cast concrete building
with all of the equipment necessary to provide custody transfer quality gas measurement,
preheating and pressure regulation. The facility will be designed to reduce the delivery pressure
from the typical PNGTS operating level of 1,100 - 1,440 psig down to 100 psig. The 100 psig
pipeline lateral pressure will be further regulated at inlets to companies within the Energy Park to
satisfy equipment requirements for each company.
The pipeline lateral will consist of an approximately 2,765 long, direct-buried, 4 diameter
coated steel line. There will also be a 150+/- long crossing of Hall Stream that will require
horizontal directional drilling (HDD) along the proposed pipeline route to the Energy Park.
The final size of the facility will be determined when the economic analysis and electric
generation portions of the study are complete.
Based on the results of the economic analysis it appears that a minimum installed capacity of
approximately 8 MW electrical demand (in addition to thermal products) with a capacity factor
of at least 60% is required for economic viability of the Energy Park. This minimum threshold is
sensitive to perturbations in capacity factor loss of a single typical operating shift by the CHP
host would result in an economic penalty.
Results suggest that for an Energy Park concept to be viable at the study site, a CHP host with a
robust demand will be required.

Page 2
2.0
DESIGN BASELINE AND CRITERIA
2.1
DESIGN CRITERIA
Maximum gas flow rate

MAOP of the station high-pressure gas piping
MAOP of the lateral pipeline
Minimum design station inlet gas pressure
Design station outlet gas pressure
Minimum design station inlet gas temperature
Design station outlet gas temperature
Station piping pressure test range
Station piping pressure test duration
Station piping pressure test medium
Lateral piping pressure test range
Lateral piping pressure test duration
Lateral piping pressure test medium
Design temperature for all inside and buried piping components
Design temperature for all above ground outside piping
components
Station and lateral piping design factor
Station indoor and buried piping specification
Station indoor and buried flange specification
Station indoor and buried fitting specification
Above ground outdoor piping specification
Above ground outdoor piping flange specification
Above ground outdoor piping fitting specification
Butt welds
Fillet welds
3.3 MMscfd (137.5 Mscfh)

1,440 psig
200 psig
1,100 psig
100 psig
32 F
40 F
2,160 psig (+25/-0 psi)
8 Hours
Water or Nitrogen
300 psig (+25/-0 psi)
8 Hours
Water or Nitrogen
-20 F
-50 F
0.5
API 5L Grade B
ASTM A105
ASTM A234
ASTM A333 Grade 6
ASTM A350 Grade LF2
ASTM A420 Grade WPL6
100% NDT
100% NDT
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2.2
CODES AND STANDARDS
The primary standards governing this design include:
US DOT 49 CFR Part 192, Transportation of Natural and Other Gas by Pipeline:
Minimum Federal Safety Standards, Including All References
IBC 2000, International Building Code
2002 National Electrical Code
ASTM A333, Specifications for Seamless and Welded Steel Pipe for LowTemperature Service
ASTM A420, Standard Specification for Piping Fittings of Wrought Carbon Steel and
Alloy Steel for Low-Temperature Service
ASTM A350, Standard Specification for Carbon and Low-Alloy Steel Forgings,
Requiring Notch Toughness Testing for Piping Components
ASTM A320, Standard Specification for Alloy Steel Bolting Materials for LowTemperature Service
ASTM A53, Specifications for Pipe, Steel, Black and Hot-Dipped, Zinc-Coated
Welded and Seamless
ASTM A106, Specifications for Seamless Carbon Steel Pipe for High-Temperature
Service
API 5L, American Petroleum Institute - Specification for Line Pipe
API 6D, American Petroleum Institute - Specification for Pipeline Valves
API 1104, American Petroleum Institute - Welding of Pipelines and Related Facilities
AGA-XF-0277, American Gas Association - Recommended Practices for
Classification of Gas Utility Areas for Electrical Installations
Gas Measurement - Part 8, American Gas Association - Electronic Flow Computers
and Transducers
ANSI B109.3, American National Standards Institute 92 Rotary-Type Gas
Displacement Meters
PNGTS Engineering and Construction Standards
PNGTS Approved Welding and Painting Procedures
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2.3
BASE DESIGN
2.3.1 Mechanical Systems

Metering
The measurement system will consist of a single 2 Instromet 3.5M high pressure rotary meter
run with a 2 bypass. The meter run will include an inlet strainer, 2 inlet and outlet block
valves, and separate pressure and temperature transmitters for both PNGTS and Beecher Falls.
Meter Type
2 Rotary
2 Rotary
Meter Pressure
1,100 psig
1,440 psig
Maximum Flow Rate

312 Mscfh
425 Mscfh
Minimum Flow Rate

8.9 Mscfh
12.1 Mscfh
Minimum flow rates are based upon manufacturers published values at +/- 1% accuracy. A
flow restricting orifice plate will be installed downstream of the rotary meter to prevent the meter
from over-ranging. This plate will be sized to restrict flow through the rotary meter to 90% of its
capacity at critical flow conditions.
Pressure Control and Overpressure Protection
There will be two redundant runs available for pressure control, a primary and a secondary run.
Each run will consist of (2) 2 Grove FlexFlo Model 900TE top entry boot style regulators
configured in an upstream working monitor, downstream worker arrangement. The station inlet
pressure will be reduced down to the 100 psig delivery pressure in (2) stages, and all of the
regulators will feature 20% trim for optimal performance. A 4 emergency shutdown (ESD)
Becker T0 ball valve with pneumatic actuator and remote temperature sensor will provide
tertiary overpressure protection and allow PNGTS to remotely shut in the station. A fire inside
the measurement room will also cause the valve to close automatically. When this valve closes
due to high temperature, it will remain closed until it is manually reset. A token relief valve will
also be included downstream of the ESD valve to relieve any excessive pressure buildup in the
dead end pipeline lateral. All block valves will be double block and bleed ball valves with handwheel or lever operators. All blow downs, gauges, and sensing lines for each run will be
enclosed between the block valves.
Regulator
Size
2
2
Trim
Capacity
20%
20%
Regulator Set
Pressure
100 psig
100 psig
Pipeline Pressure
Maximum Flow Rate
1,100 psig
1,440 psig
383 Mscfh
508 Mscfh
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Maximum flow rates are based upon the use of non-ribbed boots and 20% capacity Cg values.
The manufacturer recommends that operating conditions should not exceed approximately 85%
of valve capacity at the selected trim level.
Gas Preheat System
The natural gas heating circuit will include a shell and tube heat exchanger, (2) 100% capacity
gas-fired hydronic heaters and (2) 100% capacity circulation pumps. Natural gas will enter one
side of the heat exchanger tube bundle at pipeline pressure, while a 50/50 solution of water and
propylene glycol will enter the shell from the opposite side. The PNGTS RTU will control a
three-way valve via an electronic actuator/positioner to modulate the flow of water/glycol
solution through the heat exchanger. As the gas flows through the tubes, it will be heated to the
level necessary to maintain a 40 F station outlet temperature.
The heaters will be two-stage units, operating to maintain a given water/glycol temperature at
their inlets. The heaters will fire up when their inlet water/glycol solution temperature falls
below the internal aquastat set point. The two stages can be staggered so that each heater will
normally operate on low fire, ramping up to full fire when the demand increases. Backup
aquastats will shut the units off on high temperature and will require manual reset if activated.
Standard IRI burner controls will provide high and low fuel pressure protection as well as double
block and bleed protection. A low water cutoff on each heater will require manual reset. A flow
switch will be mounted on the outlet of each heater to provide shutoff protection at low liquid
flow. Common trouble contact closures will indicate heater problems and send discrete inputs to
the PNGTS RTU.
Preheat Design Criteria
Minimum gas inlet temperature:
Gas outlet temperature on the discharge of regulation:
Mixture of water/propylene glycol solution:
Fluid temperature at the inlet of heat exchanger:
Fluid temperature at the discharge of heat exchanger:
Freezing point of the solution:
Flow rate of the solution:
System head requirement:
Required pump motor power:
Relief valve setting on the heaters:
Rupture disc setting on the heat exchanger:
Heat exchanger requirement @ 1,440 psig inlet pressure:
Heating system output (per unit):
32 F
40 F
50% / 50%, by volume
180 F
150 F
-25 F
29 gpm
41 ft TDH
HP
125 psig
75 psig @ 150F
378 MBtu/hr
405 MBtu/hr
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2.3.2
Civil/Structural and Architectural
Meter Station
The pre-cast concrete building will measure approximately 38 L x 12 W x 10 H and will be
located on a reinforced concrete foundation. Crushed stone will surround the building. A chain
link fence with a 7-foot overall height, including 3 strands of barbed wire on top, will be
installed around the facility perimeter. The fence will have (2) 6-foot wide swinging gates for
vehicle entry and a single 3-foot wide personnel gate with emergency exit hardware.
The buildings high-pressure gas room will be equipped with wall vents and a roof turbine to
facilitate ventilation. Explosion proof lighting will be provided. There will be one set of 5 x 7
double doors to provide access to the metering and regulating equipment and the heat exchanger.
The heater/DAC room will have vents installed to provide adequate combustion air and natural
ventilation. A single set of 5 x 7 double doors will be provided for access to the heaters and the
associated water/glycol solution piping and controls. Adequate general purpose lighting will be
provided for the heater/DAC room. All building doors will be equipped with panic exit
hardware.
Pipeline Lateral
The PNGTS tap location and meter station are proposed to be located on what is believed to be
property of Charles and Amber Bates. The outlet pipeline will leave the meter station in a
northwesterly direction and will travel along the north side of River Road to a point where it is
suitable to leave the roadside and head in a northerly direction across property believed to be
owned by Ethan Allen where there will be a HDD crossing required under Hall Stream. The
pipeline will then turn northwesterly across other properties believed to be owned by Ethan Allen
to a point where it crosses under Route 253. Once across the road, the pipeline will continue
across other properties believed to be owned by Ethan Allen, cross under an abandoned State of
N.H. rail bed and continue across property believed to be owned by Ethan Allen to the propery
where the Energy Park is proposed.
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2.3.3 Electrical
The electric service to the meter building will be 240 VAC, single phase, 3-wire, 200 Amp. The
electric meter will be mounted outside the facility fence on a post to provide the power company
with unrestricted access. A site ground grid will integrate the building grounding facilities with
the perimeter fence. Separate uninterruptible power supplies (UPS) will be provided for the
PNGTS and Beecher Falls 24 VDC systems. Each UPS will supply power to specific instrument
and control devices in the event of an outage. A manual transfer switch and weather-tight
receptacle will be provided for connection of a portable back-up generator.
The electric design for the site will be based upon a hazardous designation (Class 1, Div. I) for
the meter room and a non-hazardous designation for the heater/DAC room. Explosion proof or
intrinsically safe equipment will be installed in the hazardous areas. Explosion proof lighting
and outlets will be installed in the meter room. The water/glycol heaters will be wired with
standard non-hazardous fittings and controls. The heaters will require 120 VAC for power.
Fluorescent lighting with low-temperature ballasts will be provided in the heater/DAC room.
Combustible gas detectors will be installed in both rooms for connection to the PNGTS RTU.
The non-hazardous heater/DAC room will contain the electric service entrance at a breaker panel
as well as communications facilities, the RTU(s), and the UPS units. All power and controls for
the site will be distributed from this room.
2.3.4 Communications
It is assumed that PNGTS will utilize satellite communications to relay information back to its
SCADA host facility. It is further assumed that Beecher Falls will utilize a land based dedicated
data line to integrate its RTU into its proposed control network.
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Responsibility and Controls Matrices

Preliminary Responsibility Matrix:
Portland Natural Gas Transmission System (PNGTS) Beecher Falls (BF)
Item
Design
PNGTS Tap
Permit
BF
Procure
BF
Own
BF
Install
Operate
Minor
Maint.
Major
Maint.
BF
PNGTS
PNGTS
PNGTS
PNGTS Lateral
BF
BF
BF
BF
BF
BF
PNGTS
PNGTS
PNGTS
PNGTS EGM
PNGTS
Communications
BF
BF
BF
BF
BF
PNGTS
PNGTS
PNGTS
BF
BF
BF
BF
BF
BF Lateral
BF
BF
BF
BF
BF
PNGTS
PNGTS
BF
BF
PNGTS
BF
BF EGM
BF
Communications
BF
BF
BF
BF
BF
BF
BF
BF
BF
BF
BF
BF
BF
BF
BF
BF
Meter Building
Custody Transfer
Metering
BF
BF
BF
BF
BF
BF
BF
BF
BF
BF
Preheat
Pressure
Regulation
BF
BF
BF
BF
BF
BF
BF
BF
BF
BF
OPP
BF
BF
BF
BF
BF
Voice Telephone
BF
BF
BF
BF
BF
AC Power Feed
Site
Development
BF
BF
BF
BF
BF
BF
BF
BF
BF
BF
PNGTS
PNGTS
PNGTS
PNGTS
PNGTS
PNGTS
PNGTS
PNGTS
PNGTS
PNGTS
PNGTS
PNGTS
PNGTS
PNGTS
PNGTS
PNGTS
PNGTS
PNGTS
PNGTS
PNGTS
PNGTS
PNGTS
PNGTS
PNGTS
Notes:
1. Northstar Industries, L.L.C. will provide all design, procurement and installation for all items
designated as Beecher Falls responsibility
2. Minor Maintenance includes valve lubrication and inspection, packing and valve seat
replacement, and repair of all instrumentation including that associated with EGM
3. Major Maintenance includes the purchase of major components for replacement or repair
required in maintaining the facilities including, but not limited to, regulators, meters, valves
and other items not normally considered as routine or preventative maintenance
4. PNGTS will perform all minor and major maintenance, and Beecher Falls will be responsible
for all of the associated costs as outlined in a separate facilities agreement between the parties
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Preliminary Controls Matrix:

Portland Natural Gas Transmission System (PNGTS) Beecher Falls (BF)
Item
Meter Pulses
PIT(s) and TIT(s)
ESD Control
ESD Limits
Heater Control
Pump Control
Heater Alarms
Pump Alarms
TCV Control
Gas Detectors
Intrusion Alarms
RTU to RTU Modbus Communications
Party
PNGTS/BF
PNGTS/BF
PNGTS
PNGTS
PNGTS
PNGTS
PNGTS
PNGTS
PNGTS
PNGTS
PNGTS
PNGTS/BF
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2.3.5
PNGTS RTU I/O List

FUNCTION
TAG NO.
SIGNAL
RANGE
Analog Inputs
Meter Run Gas Pressure
Meter Run Gas Temperature
Heat Exchanger Outlet Gas Temperature
Station Outlet Gas Pressure
Station Outlet Gas Temperature
CVD: M&R Room
CVD: Heater/DAC Room
PIT-XXX
TIT-XXX
TIT-XXX
PIT-XXX
TIT-XXX
AIT-XXX
AIT-XXX
4 to 20 mA
4 to 20 mA
4 to 20 mA
4 to 20 mA
4 to 20 mA
4 to 20 mA
4 to 20 mA
0 to 2,000 psig
-20 to 120 oF
-20 to 200 oF
0 to 150 psig
-20 to 120 oF
0 to 100% LEL
0 to 100% LEL
Analog Outputs
Temperature Control Valve Output
ZVC-XXX
4 to 20 mA
0-100%
Discrete Inputs
ESD Valve - Closed
ESD Valve - Open
DC Common Alarm
AC Power Failure
Heater 1 - Common Alarm
Heater 2 - Common Alarm
Pump 1 Status
Pump 2 Status
Common Intrusion Alarm
ZSC-XXX
ZSO-XXX
JA-XXX
JA-XXX
BA-XXX
BA-XXX
PBS-XXX
PBS-XXX
ISW-XXX
Contact Closure, Dry

(0-1)
Not - Closed
Not - Open
Alarm- Normal
Normal - Alarm
Normal - Alarm
Normal - Alarm
Alarm - Normal
Alarm - Normal
Alarm- Normal
FE-XXX
Transistor, Isolator
TBD
BC-XXX
BC-XXX
PBY-XXX
PBY-XXX
EYO-XXX
EYC-XXX
Relay Output
Relay Output
Relay Output
Relay Output
Relay Output
Relay Output
On/Off
On/Off
On/Off
On/Off
Not - Open
Not - Close
RS-232
RS-232
Modbus
Pulse Inputs
Meter Input
Discrete Outputs
Heater 1 On/Off
Heater 2 On/Off
Pump 1 On/Off
Pump 2 On/Off
ESD Valve Open
ESD Valve Close
Communications Port
SCADA Host
Beecher Falls RTU
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2.3.6
Beecher Falls RTU I/O List
FUNCTION
Analog Inputs
Meter Run Gas Pressure
Meter Run Gas Temperature
TAG NO.
SIGNAL
RANGE
PIT-XXX
TIT-XXX
4 to 20 mA
4 to 20 mA
0 to 2,000 psig
-20 to 120 oF
Discrete Inputs
DC Common
AC Power Failure
JA-XXX
JA-XXX

(0-1)
Alarm- Normal
Normal - Alarm
FE-XXX
Transistor, Isolator
TBD
RS-232
RS-232
Modbus
Pulse Inputs
Meter Input
Communications Port
SCADA Host
PNGTS RTU
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2.3.7
Documentation
Upon completion of the project, copies of a Project Data Book containing the following
information will be forwarded to PNGTS and Beecher Falls.
DESIGN BASELINE AND CRITERIA

PROJECT DRAWINGS
DESIGN CALCULATIONS
WELDING PROCEDURES AND QUALIFICATIONS
TESTING RESULTS
EQUIPMENT DOCUMENTATION
Project drawings include the following:

Mechanical
A Series Architectural Drawings, Plan and Section Views
D Series Piping and Instrumentation Diagrams
F Series Fabrication Details
M Series Miscellaneous Mechanical Details
P Series Mechanical Plan and Section Views
PS Series Pipe Support Details
W Series Weld Maps
Electrical
E Series Electrical, Communications and Controls Plans, Diagrams and Details
Civil/Structural
C Series Site Plan
S Series Structural Details
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3.0
STATION OPERATION
To assist in understanding the following Control Philosophy, please refer to the Piping and
Instrumentation Diagram located in Section 7.0.
M
A 2 Instromet rotary meter will measure all gas flowing to Beecher Falls. Beecher Falls
will monitor the PNGTS custody transfer flow calculations and accumulators and will also
perform independent flow calculations and accumulations. SCADA host alarms are
recommended for flows below or in excess of design limits at both PNGTS and Beecher
Falls.
PIT
The meter run will include pressure-indicating transmitters to measure the gas pressure
used by PNGTS and Beecher Falls to convert the actual flow to standard conditions.
An additional pressure transmitter will measure the station outlet pressure. This pressure is
provided for use in monitoring, control, safety interlock, and alarming in the PNGTS RTU
and SCADA host.
TIT
The meter run will include temperature-indicating transmitters to measure the gas
temperature used by PNGTS and Beecher Falls to convert the actual flow to standard
conditions.
Additional temperature transmitters will measure the heat exchanger outlet and station
outlet temperatures. These temperatures are provided for use in monitoring, control, safety
interlock, and alarming in the PNGTS RTU and SCADA host.
Preheat
The station heaters and water/glycol solution circulation pumps will be remotely controlled
via the PNGTS RTU. Local pushbutton control will also be available for the pumps.
Discrete output signals from the PNGTS RTU will be used to start and stop the heaters and
pumps. Alarm contacts in the heater controls will send discrete signals to the PNGTS
RTU in the event of a heater failure.
The station outlet gas temperature will be monitored via a TIT installed in the outlet
piping. The TIT will provide a 4-20 mA analog input signal to the PNGTS RTU.
Utilizing a proportional-integral-derivative (PID) algorithm, the PNGTS RTU will control
the positioner on the 3-way valve in the water/glycol system. A 4-20 mA analog output
signal from the PNGTS RTU will be sent to the temperature control valve positioner, and
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Page 14
the valve will modulate the flow of water/glycol solution to the station heat exchanger to
maintain a constant gas outlet temperature.
ESD
The emergency shutdown (ESD) valve will include a Becker actuator and will be
controlled by solenoid valves. The solenoids will provide remote operation via discrete
outputs from the PNGTS RTU to ensure that the Beecher Falls facilities can be isolated
from the new metering facility for servicing or in the event of a pressure regulator failure.
During normal operations of the pressure regulating facilities, the ESD valve will remain
wide open. Limit switches to indicate 0 and 100% open will provide discrete inputs to the
PNGTS RTU.
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4.0
DESIGN CALCULATIONS
4.1
VELOCITY
v = QZ/(3.6 Pf A)
v = Velocity (fps)
Q = Flow rate (Mscfh)
Pf = Pressure factor (psia/14.73 psia)
A= Area (sq. ft.)
Z = Compressibility
Nominal
Q
Pipe Size (Mscfh)
(inch)
3/4
1.0
2
1.0
2
138
4
138
4
138
Location
Pressure
(psig)
Pf
A
(ft2)
v
(ft/s)
Fuel Gas
Fuel Gas
Station Inlet Piping
Station Outlet Piping
Lateral Piping
100
0.25
1,100
100
100
7.8
1.0
75.7
7.8
7.8
0.003
0.023
0.021
0.080
0.088
0.983
0.998
0.848
0.983
0.983
12
12
21
60
55
Notes:
1. All velocities assume a 60 F natural gas temperature
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4.2
DESIGN PRESSURE
The following calculation is from 49 CFR 192.105

Design pressure;
P = (2St/D)xFxExT
P = Design pressure (psig)
S = Specified minimum yield strength of pipe (psi)
t = Nominal wall thickness (in)
D = Nominal outside diameter of the pipe (in)
F = Design factor (192.111)
E = Longitudinal joint factor (192.113)
T = Temperature derating factor (192.115)
The longitudinal joint factor as defined by 192.113 is:
E = 1.00
The operating temperature is less than 250 degrees Fahrenheit.
T = 1.00
The class location as defined by 192.5 is a Class 3:
F = 0.5
Nominal
Pipe Size
(inch)
Pipe
Grade
S
(psi)
t
(inch)
D
(inch)
P
(psig)
3/4
API 5L Grade B/
ASTM A333 Grade 6
API 5L Grade B/
ASTM A333 Grade 6
API 5L Grade B/
ASTM A333 Grade 6
API 5L Grade B/
ASTM A333 Grade 6
API 5L Grade B/
ASTM A333 Grade 6
35,000
0.154
1.050
0.5
1.00
1.00
5,133
35,000
0.154
2.375
0.5
1.00
1.00
2.269
35,000
0.218
2.375
0.5
1.00
1.00
3,213
35,000
0.337
4.500
0.5
1.00
1.00
2,621
35,000
0.237
4.500
0.5
1.00
1.00
1,843
2
2
4
4
All design pressures (P) are greater than the applicable 1,440 psig MAOP of the station and 200
psig MAOP of the pipeline lateral.
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4.3
HOOP STRESS
h = Pr/t
h = Hoop stress (psi)
P = Pipeline pressure (psig)
r = Radius of pipe (in)
t = Wall thickness (in)
MAOP = Maximum Allowable Operating Pressure (psig)
SMYS = Specified Minimum Yield Strength (psi)
Nominal
Pipe Size
(inch)
Pipe
Grade
SMYS
(psi)
Pipe
Diameter
(inch)
t
(inch)
h
(psi)
%
SMYS
MAOP
1,440
3/4
35,000
1.050
0.154
4,909
14.0
1,440
35,000
2.375
0.218
7,844
22.4
1,440
35,000
4.500
0.337
9,614
27.5
200
API 5L Grade B/
ASTM A333 Grade 6
API 5L Grade B/
ASTM A333 Grade 6
API 5L Grade B/
ASTM A333 Grade 6
API 5L Grade B/
ASTM A333 Grade 6
35,000
4.500
0.237
1,899
5.4
Pressure
(psig)
Nominal
Pipe Size
(inch)
Pipe
Grade
SMYS
(psi)
Pipe
Diameter
(inch)
t
(inch)
h
(psi)
%
SMYS
Test
2,185
3/4
35,000
1.050
0.154
7,449
21.3
2,185
35,000
2.375
0.218
11,902
34.0
2,185
35,000
4.500
0.337
14,588
41.7
300
API 5L Grade B/
ASTM A333 Grade 6
API 5L Grade B/
ASTM A333 Grade 6
API 5L Grade B/
ASTM A333 Grade 6
API 5L Grade B/
ASTM A333 Grade 6
35,000
4.500
0.237
2,848
8.1
Pressure
(psig)
Notes:
1. All piping at <50% SMYS at applicable test pressure pneumatic pressure tests allowable
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4.4
PREHEAT
Temperature Change Across the Regulators

Maximum inlet pressure
Design outlet pressure
Design minimum inlet temperature
Design station outlet temperature
1,440 psig
100 psig
32 F
40 F
The natural gas temperature drops roughly 1 F for every (1) atmosphere change in pressure
T = {(1440 - 100)/(14.73)} + 40 - 32 = 99 F
Temperature Change Across the Heat Exchanger

Gas minimum inlet temperature
32 F
Gas design outlet temperature
131 F
Heat Rate Required
Natural gas density
Natural gas specific heat
Design maximum flow rate
4.446 (10)-2 lbm/ft3

0.625 Btu/(lbm F) @ 1,440 psi
137.5 Mscfh
Q = m Cp T
m = 6,113 lbm/hr
Q = 378 MBtu/hr
Water/Glycol Solution
The solution will be 50% water and 50% propylene glycol
Water/glycol specific gravity
Water/glycol specific heat
1.038
0.90 Btu/(lbm F)
Water/Glycol Flow Rate Required

T on the water/glycol side
m = Q/(Cp T)
30 F
m = 14,015 lbm/hr = 29 gpm
Heating System Output

Heating System Solution Flow Rate
810 MBtu/hr (redundant 100% capacity

heaters)
29 gpm
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5.0
SCOPE AND COST
5.1
SCOPE OF WORK
The project scope includes:

Engineering and design of the metering and regulating facility as discussed in this document
Procurement of all materials for the metering and regulating facility including: Precast
concrete building with electrical outfitting and lighting, 2 rotary meter, all PNGTS and
Beecher Falls pressure and temperature transmitters, heat exchanger, (2) gas detectors, ESD
valve, 2 x 3 pressure relief valve, (4) 2 pressure regulators, 2 and 4 block valves, pipe
and fittings, pipe supports, (2) Laars 100% capacity hydronic heaters, (2) 100% capacity
circulation pumps, 3-way valve with electronic actuator/positioner, PNGTS and Beecher
Falls RTU(s) and UPS(s)
Fabrication and assembly of the metering and pressure regulating facilities
Welding, NDT and painting of components to PNGTS approved procedures and
specifications
Installation of the PNGTS and Beecher Falls instrumentation, RTU(s) and UPS(s) within the
meter building
Station and hot tap site development work including initial clearing and grading
Installation of concrete foundations, crushed stone site, and perimeter fencing per Northstars
site plan (drawing NCI-0001-C2)
Transportation and setting/installation of the concrete building and prefabricated piping
components
Procurement and installation of field related materials such as interconnecting conduits,
cables and wires and grounding system components
Engineering, procurement and installation of ~2,500 long 4 station outlet lateral piping
Engineering, procurement and installation of PNGTS pipeline tap and 2 inlet lateral piping
(4) Sets of project data book documentation
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5.2
COST
Description (1),(2)
Estimated PNGTS Hot Tap, EGM Building, and Internal Review
Metering Facility Prefabricated Components (F.O.B. Shop Floor, Methuen,
MA)
Metering Facility Site Engineering and Development and Building
Installation
2,350 Long Direct Buried Pipeline Lateral Engineering and Installation
~150 Long HDD under Hall Stream
Estimated PNGTS Engineering, Administrative and Miscellaneous Charges
Project Total
Cost
$150,000
$850,000
$360,000
$520,000
$160,000
$20,000
$2,060,000
Notes
1. It is assumed that this project will have tax exempt status and that an exemption
certificate will be provided during the contract development phase. If this is not the case,
applicable usage tax on materials will be billed separately at cost.
2. Cost estimate is +/-15% accuracy level.
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6.0
SCHEDULE
Task
Preliminary Engineer
Facilities Interconnect Agreement
Procurement of Long Lead Materials
Final Design & Permitting
Pre-manufacturing of Components
Site Development & Installation
Project Data Book Delivery
Duration
Complete
4 Weeks
16-20 Weeks
24 Weeks
4 Weeks
8 Weeks
2 Weeks
A typical project of the magnitude outlined in this Preliminary Engineering document has project
duration of less than 12 months. This schedule requires the execution of task items in
conjunction with each other.
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7.0
PRELIMINARY PROJECT DRAWINGS
NCI-0001-A1 Rev. 1
NCI-0001-D1 Rev. 1
NCI-0001-P1 Rev. 1
NCI-0001-SS4 Rev. 1
NCI-0001-C14 Rev. 1
Architectural Plan View

Piping and Instrumentation Diagram
Piping Plan View
Project Overview Map
Conceptual Site Layout; M&R Station
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ES
UNITED ST
AT
CANADA
CANADA QUEBEC PROVINCE
NEW HAMPSHIRE
UNITED STATES VERMONT ESSEX COUNTY
TO
WN
SH
IP
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RT
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(RT.
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PROPOSED BEECHER FALLS

INDUSTAL PARK
STR
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MAIN
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OLD
CAN
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COUNTY LINE
STRE
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TREE
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MIDD
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PROPOSED NCIC PIPELINE

APPROXIMATELY 2765'
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PROPOSED NCIC METER SITE
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Page 23
8.0
The Essex Partnership (Essex) worked in collaboration with the Northstar Industries, Inc.
(Northstar) team to assist the Northern Community Investment Corporation (NCIC) in evaluating
the feasibility of developing a natural gas fired Combined Heat and Power (CHP) project as an
integral component of a proposed Energy Park in Beecher Falls, Vermont.
Since a host industry for the site has not been identified Essex tailored its evaluation to focus on
a range of potential CHP installation schemes based on hypothetical load profiles representing a
variety of generic industrial hosts, per discussions with NCIC and a revised Scope of Services
dated May 9, 2011. Based on this approach, an economic feasibility model was developed that
allows NCIC to assess the viability of a range of potential future hosts that could occupy an
Energy Park. The Essex Partnership also developed a simplified screening tool that can be used
by NCIC to quickly screen other potential CHP projects in the region, including smaller, single
host opportunities.
Ultimately, CHPs and other forms of distributed generation can provide significant energy
savings, but need to be carefully designed to match the end users energy profile. In order for
natural gas to contribute to stimulating economic growth, the CHP project must be designed to
provide steam, hot water, and electricity at attractive and compelling prices.
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9.0
STUDY SITE
The study site is located in

the Town of Canaan,
situated in the extreme
northeast corner of Vermont
(Figure 1). The CanadaUnited States international
border is coincident with the
sites
northern
limits.
Immediately adjacent to the
site is an Ethan Allen
furniture
component
manufacturing facility. Until
recently
Ethan
Allen
employed
a
significant
portion
of
the
local
community. Due to various
factors, the workforce at the Figure 1 Beecher Falls, VT Location Map (study site
Beecher Falls facility was depicted by red triangle)
reduced,
resulting
in
economic hardships to the local area. The Portland Natural Gas Transmission (PNGT) pipeline is
located within 1 mile of the site.
9.1
EXISTING CONDITIONS
The study site encompasses approximately 550 acres of undeveloped (primarily forested) land in
Beecher Falls, Vermont. Within close proximity to the site are the Canada-United States border,
Ethan Allen furniture component manufacturing facility, and the Village of Canaan, Vermont.
To the south of the site the Connecticut River forms the boundary between Vermont and New
Hampshire (USA). Figure 2 depicts existing conditions at the study site relative to significant
nearby features.
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Figure 2 Existing Conditions

An initial ecological inventory of the project site was conducted in the Fall of 2011 by Mr. Brett
Engstrom. Site observations on the presence and relative distribution of distinct natural
communities and associated flora and fauna were used to develop a preliminary natural resource
inventory of the property. The inventory identified several potential wetland resources not
identified by State GIS data layers as well as the occurrence of uncommon natural wetland
communities and associated plants.
The dominant natural community on the property is Red Spruce-Northern Hardwood Forest;
common for the region. Additional, less common natural communities identified on the property
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include several types of wet-mesic forests and seepage forests.1 Vermont does not recognize
seepage forests in their natural community classification system and there are no formalized
protection standards; however it is likely that they would be treated as wetlands and buffer zones
should be anticipated. The location for development of the Energy Park will need to take these
resources into consideration; the net result is anticipated to constrain siting options.
The ecologist identified a small population of one rare plant (Hayden's Sedge, Carex haydenii) in
the seepage woodland in the east corner of property), along with several other uncommon
plants. The presence of this species will likely require coordination with the Vermont Nongame
and Natural Heritage Program (NNHP) and increase the likelihood that seepage and wet-mesic
forests will be regulated as wetlands. This assumption is due in part to the natural communitys
function of providing habitat for at least one species of rare hydrophytic vegetation qualifying
them for protection under the Vermont Wetland Rules.
Results of the ecological inventory suggest significantly more wetlands may be present than
indicated by available GIS mapping . The exact location and extent of wetland resources should
be determined using field delineation methods outlined by the Army Corps of Engineers. Neither
source identified the presence of on-site floodplains. USGS maps include a small stream
draining the western third of the property toward the Connecticut River. These resources are
discussed in more detail as part of the Initial Constraints Analysis.
According to available topographic data from the State of Vermont (20-ft contour intervals), the
site aspect is generally southeast facing. Although the topographic data is coarse (20-ft contour
intervals), gradients appear to range from moderate to slight, steeper areas appear to be
concentrated on the eastern portion of the site.
The preliminary alignment of a lateral natural gas line to the site will require the new line to
cross Halls Stream (a tributary to the Connecticut River) and associated riparian floodplain
wetlands which are not located within the study site boundary. The crossing is anticipated to be
completed using Horizontal Directional Drilling (HDD); a construction technique which is
commonly employed for such installations in order to avoid and minimize potential impacts to
sensitive environmental receptors. Construction period protection measures will need to be
developed as more detailed natural resource information and protection requirements become
available.
Seepage forests occur on slight slopes (<15%) and adjacent bottoms where an impervious soil layer (~30 cm deep), such as
marine clay or packed till, forces seepage water near the surface (Maine Natural Areas Program).
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9.2
INITIAL CONSTRAINTS ANALYSIS
Based on the information outlined above, potential constraints to development include:

The presence, extent and condition of all regulated resources on the site including:
o Wetlands and associated setbacks;
o Significant natural communities (i.e., seepage forests)
o The unnamed stream indicated by GIS mapping;
o Uncommon plant species (identified by the ecologist);
Existing site topography (particularly steep slopes); and
Availability of contiguous buildable area necessary to support an Energy Park. According
to VT GIS data there are also several existing Underground Storage Tanks (USTs) in
close proximity to the preliminary lateral gas line alignment. Additional detail on these
features would be required to identify and evaluate appropriate avoidance strategies.
Figure 3 illustrates all known and potential constraints to development of the parcel. To be
conservative we have assumed that VT ANR would treat seepage habitats and wet-mesic forests
(identified by the ecologist) as wetland resources requiring a 50-ft buffer. These natural
communities and their associated buffers, are designated as Potentially Regulated Wetlands
and depicted in red (as opposed to blue) to help distinguish them from wetlands mapped by VT
ANR and NH DEC
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Figure 3 Initial Environmental Constraints. Note that limits of wetland resources are
approximate and are intended for planning purposes only. Actual limits would be
determined by field delineation.
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10.0 PRELIMINARY PROJECT CONFIGURATION & BUILD-OUT

The following assumptions were made in evaluating the potential for a CHP project at the
Beecher Falls site:
Greenfield development (i.e. currently undeveloped land);

Installation of a new lateral natural gas line (including crossing of Halls Stream);
Construction of a new 5-15 MW CHP generating facility and appurtenant works;
Primary function of the CHP facility would be to supply electricity and hot water/steam
to currently unidentified host(s), however flexibility to export surplus capacity to the
electric grid would be retained, and;
Concurrent, or future development of portions of the property to accommodate CHP
host(s)
Because the specific host, or suite of hosts is unknown at this time, we could not develop a
detailed project configuration. Rather, we evaluated a range of equipment options reflecting a
range of project capacities. The equipment packages evaluated are described in the following
section. Typical configurations for these equipment options are shown in the Appendix.
To provide an indication of expected land requirements associated with the different options
evaluated, Northstar, working with Essex developed preliminary plan-view drawings the show
how the various equipment packages might be configured on a generic site. These sketches are
shown in the Appendix.
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11.0 PRELIMINARY EQUIPMENT SELECTION AND DESIGN BASIS

For the purposes of this study we evaluated installation of five generator sets, in nine
configurations, designed to run on natural gas and provide CHP benefits. Typically combined
heat and power projects are sized and designed to match the load profile of the host. The goal of
this study is to determine the potential benefits of a CHP project at the Beecher Falls site to
attract a new host; the potential load profile of which is not currently defined. In order to inform
the market strategy for attracting an appropriate host, thresholds for CHP capacity and utilization
were evaluated for a variety of installed capacities ranging from 2 MW to 16 MW. Pertinent
details on each alternative evaluated are tabulated below.
No.
Alternative
No.
of
Unit
s
Nominal
Electrical
Output
(kW)
Total
Steam
(tons/hr)
Hot Water
from
Waste
Heat
(tons/hr)
Total
Fixed
O&M SC
Total Fixed
O&M CHP
Caterpillar G3520
2,055
2.3
89
626,442
897,854
Caterpillar G3520
10,275
11.6
445
889,476
1,342,820
Solar Mercury 50
4,488
6.7
N/A
635,442
950,534
Solar Mercury 50
13,464
20.1
N/A
763,844
1,072,932
Solar Taurus 60
5,503
14.7
N/A
692,192
1,024,784
Solar Taurus 60
16,509
44.0
N/A
904,856
1,265,031
Solar Taurus 70
7,744
18.0
N/A
692,192
1,024,784
Solar Taurus 70
15,488
36.0
N/A
715,532
999,016
Solar Titan T130
14,470
31.7
N/A
530,295
827,970
Notes:
1. Net electrical output at ISO conditions will be approx. 10% lower.
2. Equipment performance based on vendor data.
3. Fixed O&M costs are based on plant availability (annual run hours); values above reflect the minimum
thresholds outlined in the results section.
4. Variable O&M is estimated at $5/MWH (simple cycle) and $7.50 (CHP).
5. Additional detail on each equipment option are provided as attachments.
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Five different equipment packages from Caterpillar/Solar were selected for evaluation based on
their record of performance, reliability, and manufacturer support. A total of nine different
equipment configurations, consisting of single and multiple unit arrangements based on the five
equipment bases were evaluated. Four of the units are combustion turbines, one (Caterpillar
G3520) is a reciprocating engine. The reciprocating engine option was selected due to the
availability of smaller capacity units than are typically available with combustion turbines.
All of the units have the ability to supply electrical and thermal (steam, hot water) products. In
the context of CHP, the primary difference between reciprocating engines and combustion
turbines is the source of the thermal products. In each case, thermal products are derived from
waste heat by-products of electrical generation. However, in a reciprocating engines thermal
products are limited to hot water derived from the engine radiator (jacket water). Thermal
products from combustion turbines are derived from turbine exhaust and can be utilized to
produce steam and/or hot water.
Additional supporting details obtained from equipment vendors are provided as attachments.
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12.0 REGULATORY ANYLSIS

There are several policy and guidance documents and programs related to electrical generation in
Vermont. Vermont does not have a prescriptive policy to build in-State generation. The
Sustainably Priced Energy Enterprise Development (SPEED) Program and the State Electricity
Plan both encourage the development of renewable and or high efficiency generation resources
(such as CHP). Forms of encouragement are typically associated with rate structure for project
output through Standard Offer rates for specific generating technologies.
12.1
REGULATORY REQUIREMENTS
Development of a generation facility and associated gas supply line at the study site will require
several regulatory approvals. Assuming the project is engineered to meet the efficiency
eligibility thresholds for VTs SPEED program, we anticipate that the criteria contained in the
regulations outlined below will be considered. In some instances a single regulatory proceeding
will incorporate criteria included in other regulations (i.e., CPG includes wetland review, etc.).
1. Title 30 Section 248, Certificate of Public Good (CPG) - New and modified electrical
generation and transmission facilities must receive a Certificate of Public Good (CPG)
from the Vermont Public Service Board (PSB)2. There are no exemptions that would
avoid having to secure a CPG for the Beecher Falls project. In order to ensure that a
proposed project is economically, environmentally, and socially beneficial to the States
rate payers the PSB evaluates the proposal based on ten criteria. The ten evaluation
categories measure proposed projects against a range of performance criteria that
evaluate the economic and environmental impacts of the project on the general good of
the state, its ratepayers and communities, natural resources, historic properties and
governmental services. Each category has impact thresholds which the PSB uses to gauge
the relationship of the proposal to the applicable permitting criterion. The ten categories
are listed below.
248(b)(1) Orderly Development of the Region
248(b)(2) Need for Present and Future Demand for Service
248(b)(3) System Stability and Reliability
248(b)(4) Economic Benefit to the State
248(b)(5) Aesthetics, Historic Sites, Air and Water Purity, the Natural
Environment and Public Health and Safety
248(b)(6) Consistency with Approved Integrated Resource Plan (IRP)
2
Replacement of existing facilities with equivalent facilities in the usual course of business, and electric generation
facilities that are operated solely for on-site electricity consumption by the owner of those facilities do not require a
CPG.
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248(b)(7) Consistency with Electrical Energy Plan
248(b)(8) Outstanding Resource Waters
248(b)(9) Solid Waste Management
248(b)(10) Existing Transmission Facilities
Securing a CPG can be a relatively lengthy and resource intensive undertaking. Because
the process is quasi-judicial, exhibits must be prepared and submitted and testimony
given subject to contested case schedules and procedures developed in accordance with
the requirements of 3 V.S.A. 809 which often requires resource experts.
In addition to preparing for hearings, applicants must be prepared to respond to formal
discovery and evidence submitted by interveners, state and local governmental agencies,
the Department of Public Service (DPS), who serves as the public advocate, and other
interested stakeholders. Technical hearings conducted by the PSB are governed by the
Boards Rules of Practice which apply the Vermont Rules of Civil Procedure and
Evidence; see PSB Rule 2.000. Public hearings conducted under the Section 248 process
represent additional points of exposure and risk.
Conditions attached to a CPG can add significant costs and time to a project, especially if
post-CPG proceedings or compliance filings are required. In the event that other relevant
regulatory approvals (such as a Wetlands CUD) are not in hand at the time of PSB ruling
a CPG can be issued conditionally, contingent upon the receipt of all other necessary
approvals.
2. Clean Air Act, Construction & Operating Permits - The Vermont Air Pollution Control
Division (APCD) of the Department of Environmental Conservation (DEC) implements
the state and federal Clean Air Acts. The APCD issues construction and operating
permits:
Construction Permits - A construction permit, or a determination by the APCD that a

permit is not required, is necessary before a project can be installed, constructed or
modified. Construction permits are valid for the life of the project and are only
reissued if changes are planned for the permitted activity which require a permit
review.
Operating Permits Operating permits incorporate all the air pollution control
requirements a facility is subject to into one document. Operating permits must be
renewed every five years to incorporate any new requirements that may have been
adopted since the original operating permit was issued.
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Construction and operating permits are further divided into four categories based
primarily on emission criteria.
3. Clean Water Act Section 404 (Wetlands and Waterways Dredge and Fill Permits) Regulates the placement of dredged or fill materials into wetlands and other Waters of the
United States. A section 404 permit would likely cover activities associated with the
proposed gas line stream crossing as well as any work within the boundaries of wetland
resources located within the limit of disturbance. Depending on the footprint and scope
of the development these activities may be eligible to be covered under Vermonts
Programmatic General Permit (PGP).
4. Vermont Wetland Rules, Conditional Use Determination (CUD) - The Vermont
Wetland Rules identify and protect 10 functions and values of "significant" wetlands and
establish a 3-tier wetland classification system to identify such wetlands. Any activity
within the wetland review area that is not identified or determined to be an allowed use
are considered conditional uses. Allowed and conditional uses are determined
based on the wetland class for each resource area. Conditional uses are only allowed in
significant wetlands or in adjacent buffer zones upon receiving a Conditional Use
Determination (CUD).
5. Vermont Stormwater Rules - The Vermont Agency of Natural Resources (ANR)
regulates stormwater discharges to surface waters that are not identified as impaired by
stormwater runoff. ANR issues general permits to a category of projects, rather than on
an individual project basis with certifications of compliance from stormwater consultants.
State-issued general permits include coverage for:
Stormwater discharges from new development and redevelopment, and;

Previously permitted stormwater discharges.
6. Vermont Endangered Species Law - The Vermont Nongame and Natural Heritage
Program (NHHP) provides protection for State listed species and significant natural
communities. The NNHP is similar to the federal Endangered Species Act (ESA) in the
review and consultation process however the species that are legally protected on the
state level reflect the status of populations within Vermont and are therefore different
from the federal listings either in status (endangered or threatened) or overall listing.
While not currently on Vermonts list of threatened and endangered species, C. haydenii
(categorized by a recent site surveys as rare), could trigger requirements for a more
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detailed vegetative survey of the area. Additionally, the presence of several seepage
forests and their associated plant communities (which can include relatively uncommon
species), could trigger additional investigations. Depending on the results, project
development could require protection, mitigation and/or enhancement measures.
7. Electrical Interconnection Agreement Requirements for integration with the electrical
grid will be review and negotiated with the local distribution utility (Vermont Electric
Cooperative [VEC]); likely including coordination with the Vermont Electric Power
Company (VELCO). The interconnection agreement will specify the type of electrical
controls and protection necessary to safely interconnect the project. Depending on the
final capacity and local system constraints interconnection may include upgrades and/or
improvements to the distribution system outside of project boundary. The installed
capacities being considered for this site are not anticipated to require review by ISO-New
England.
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12.2
PRELIMINARY REGULATORY TIMELINE & BUDGET ESTIMATE
Tabulated below is an indicative assessment of the regulatory requirements and process

associated with obtaining the necessary approvals to construct and operate a CHP at the subject
property. Estimates are intended to be used for planning purposes only.
Estimated
Time
(months)
Item
Certificate of Public
Good
(Section 248)
Air Pollution Control
(Construction &
Operation)
Wetlands & Waterways

(VT CUD & Corps 404)
Budgetary
Cost
Estimate
36
$125-150k3
6-12
$100-300k4
$50-75k
$50-75k5
12
$25-50k
$25-40k
$50-75K
2 yrs
$425 -750k
VT Stormwater
VT NHHP Review
Local Approvals
(Zoning, Building, etc.)
Electrical
Interconnection
(VEC / VELCO)
TOTAL
Notes
Contingent upon receipt of regulatory
approvals and satisfying resource
protection tests. Can be partially
concurrent with other regulatory items.
Emission control measures for base-load
type facility are likely to require post
combustion controls and/or run hour
restrictions. Level of effort will be
contingent on installed capacity.
Will address gas line stream crossing and
effects to on-site wetlands and
watercourses.
Ensure adequate site drainage and runoff
measures are implemented during and
after construction.
Presence of seepage forests and rare sedge
likely to be considered. Site survey
requirements can require multiple season
events.
Various anticipated, PSB review
incorporates regional planning efforts.
Likely initiated through VEC with
technical assistance by VELCO.
Cost reflects procedural filings, outreach, hearings and other meetings, and preparation of exhibits. Costs for studies and other
analytical work that would support the 248 filings are listed below with the individual permit requirements.
4
Costs will vary significantly depending on the size of the project, equipment, and anticipated run hours. Noise analyses are
also handled as part of the Air Pollution Control permit.
5
Includes site drawings and engineering calculations.
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13.0
PRELIMARY OPERATIONAL MODELS
13.1
STAFFING REQUIREMENTS
Proper operations and maintenance of the CHP asset is critical to meeting performance and
availability goals. Specialized maintenance and overhaul work on some CHP components such
as gas turbines and engines are typically carried out by the equipment manufacturer or supplier.
Routine plant checks, lubrication, oil changes, filter changes, etc. can typically be completed by
staff from the CHP host. However, even if the CHP host staff assume responsibility for routine
maintenance proper training of plant operators, maintenance staff, and site managerial staff is
critical.
For our analysis we have included provisions for CHP staffing based on the following
assumptions:
Solar
Solar
Solar
Caterpillar
Staffing Requirements
Titan Taurus Mercury 3516C-HD
ANNUAL LABOR COST, EACH 1ST SHIFT, MON FRI ($1,000S)
Simple Cycle, One Unit
448
448
448
448
Plant Manager/Operator
Plant Mgr +
Simple Cycle, Multiple Units
448
616
616
784
Operator/Mechanic
Plant Mgr +
Combined Cycle, One Unit
784
784
784
616
Operator/Mechanic
Combined Cycle, Multiple
Plant Mgr +
784
952
952
1,120
Units
Operator/Mechanics
ADDITIONAL LABOR COST, EACH ADDT'L HOUR, SUN FRI ($/Hr)
Simple Cycle, One Unit
50
50
50
50
Plant Manager/Operator
Plant Mgr +
Simple Cycle, Multiple Units
76
76
76
101
Operator/Mechanic
Plant Mgr +
Combined Cycle, One Unit
101
76
76
76
Operator/Mechanic
Combined Cycle, Multiple
Plant Mgr +
101
101
101
126
Units
Operator/Mechanics
Description
Depending on operating hours, there will need to be enough trained people to provide cover for
shift working, for planned or sudden staff absences, and staff transitions. Training should
include hands-on use of the plant, overall philosophy and purpose of the plant, condition and
performance monitoring, and identifying when specialized technical support is required. Lack of
training can be disruptive to the cost-effective and reliable operation of a CHP plant. As more
information about a potential host becomes available it may be possible to reduce the labor
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component of the operations and maintenance requirements if some of these responsibilities can
be taken on by in-house staff.
13.2
ENVIRONMENTAL COMPLIANCE APPROACH
Air emissions criteria are expected to be the primary driver of environmental compliance
obligations. Typically, VT ANR will permit emission sources based on the anticipated annual
emission profile. The emission profile from any source is determined in part by fuel type,
efficiency of combustion, and post combustion controls. Based on these criteria the VT ANR
will permit a set number of annual run hours for each source in order to maintain acceptable
levels of air quality through control of pollutant loading.
In order to function as a true CHP resource the project will need to operate as a base load
resource (e.g., very few periods of non-operation). Typically, this will increase the anticipated
pollutant loads and could restrict the allowable run hours. In order to allow a generation asset to
function as a CHP and meet VTs air quality protection standards we have assumed that post
combustion emission controls would be required.
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14.0 PRELIMINARY ECONOMIC ANALYSIS

Two cash flow models were developed as part of the study. The first is a screening tool designed
to provide a rapid economic assessment of various forms of natural gas use/conversion at
existing facilities. The second model is a more refined feasibility model that includes an analysis
of economic performance based on specific input data related to equipment capacity and
performance, capital expenditures, debt structure, operating expenditures, and revenues. The
models can be used in conjunction beginning with potential opportunities being rapidly screened
with the screening tool. Opportunities which appear to produce benefits based on screening
results can then be subjected to more detailed analysis using the feasibility model.
The following provides a brief summary of the more detailed feasibility model developed to
evaluate the viability of an Energy park at the Beecher Falls study site. Additional information
on key assumptions as well as instructions for the use of both the screening tool and the more
detailed feasibility model is provided in the Appendix..
14.1
ECONOMIC FEASIBILITY MODEL DESCRIPTION
The Economic Feasibility model is a discounted cash flow analysis tool that evaluates capital
expenditures (e.g., cost to construct), equipment performance characteristics (e.g., heat rates,
capacity), operating expenditures (e.g., cost of fuel and O&M), and revenues (e.g. costs of goods
or services provided). The model uses these key input variables to perform a 30-year cash flow
analysis producing estimates of Net Present Value and Internal Rate of Return on an annual basis
on up to nine different alternatives. The Appendix provides a detailed description of the model
structure, a description of key input parameters, and instructions on its use. The actual model
itself is being provided as a separate deliverable.
14.2
MODEL LIMITATIONS
The Economic Feasibility Model is designed to evaluate the economic performance of a CHP
asset at the Beecher Falls study site (Beecher Falls, VT). Results are intended to be used as a
planning tool only; additional analysis is recommended prior to making investment decisions.
The model has the flexibility to evaluate economic performance at other locations given the
appropriate adjustments to key model inputs.
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14.3
KEY INPUTS
Key assumptions made in developing the Economic Feasibility Model are summarized in the
table below.
Item
Escalation
Discount Rate
Grant
Depreciation Term
Investment Tax Credit
Combined Fed + State Tax Rate
Property Tax Rate (% of Invest. Cost)
Insurance Rate (% of Invest. Cost)
Natural Gas Interconnection Costs
Value
2.5%
8.0%
10%
20
10%
40%
1.0%
0.5%
$2,060,000
Additional details regarding model inputs, as well as model operations are provided in the
appendix.
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14.4
CASH ON CASH RESULTS
The cash on cash results of nine alternative CHP projects using the financial inputs outlined above and in the Appendix are tabulated
below. Two tables are provided, one showing results assuming simple-cycle operations, and one showing results for a combined-cycle
operation. In a simple-cycle plant, there would be no secondary electrical generation with the steam produced by the plant. In the
combined-cycle case, waste heat is captred and used to produce additional electicial generation. Note that the capacity factor6 for each
alternative was adjusted to identify the minimum thresholds of economic viability where possible.
14.4.1 Cash on Cash Simple Cycle
No.
Alternative
Installed
Capacity
(MW)
Net
Generation
(MWH)
Total
Estimated
Costs
($1,000's)
Installed
Costs
Electrical
($/kW)
Capacity
Factor
Running
Cost
Eletrical
(/kWH)
IRR
Cumulative
NPV
($1,000s)
(1) Caterpillar G3520
2.1
18,001
6,106
2,971
100%
7.2
######
(5,633)
10.3
64,289
17,430
1,696
71%
7.2
8%
216
(1) Solar Mercury 50
4.5
39,313
11,726
2,613
100%
6.9
#NUM!
(9,316)
13.5
95,474
26,457
1,965
81%
6.9
8%
1,007
(1) Solar Taurus 60
5.5
48,204
10,675
1,940
100%
8.3
######
(15,935)
(3) Solar Taurus 60
16.5
130,838
22,931
1,389
90%
8.3
8%
322
(1) Solar Taurus 70
7.7
67,834
12,568
1,623
100%
7.7
6%
(2,072)
(2) Solar Taurus 70
15.5
96,905
20,602
1,330
71%
7.7
8%
493
(1) Solar Titan T130
14.5
75,447
16,155
1,116
60%
7.5
8%
27
Capacity factor is a measure of the amount of time that the CHP is operating to provide electrical and thermal benefits. For example a capacity factor of 50%
indicates that the CHP is in operation 50% of the year (or 4,130 hours). A project can only produce revenues when operating, therefore, higher capacity factors
generally improve project economics though increased production and revenues.

Page 42
14.4.2 Cash on Cash Combined Cycle

No.
1
2
3
4
5
6
7
8
9
Installed
Capacity
(MW)
Alternative
(1) Caterpillar
G3520
(5) Caterpillar
G3520
(1) Solar Taurus 60
(3) Solar Taurus 60
(1) Solar Taurus 70
(2) Solar Taurus 70
Total
Net
Estimated
Generation
Costs
(MWH)
($1,000's)
Installed
Costs
Electrical
($/kW)
Running
Capacity
Cost
Factor Electrical
(/kWH)
Running
Cost
Steam
($/Ton)
IRR
Cumulative
NPV
($1,000s)
2.1
18,001
7,065
3,438
100%
7.2
2.2
######
(11,428)
10.3
77,146
20,720
2,017
86%
7.2
2.2
8%
4.5
13.5
5.5
16.5
7.7
15.5
14.5
39,313
112,322
48,204
110,180
67,834
90,445
78,464
15,328
36,842
13,647
31,209
16,330
27,820
22,067
3,415
2,736
2,480
1,890
2,109
1,796
1,525
100%
95%
100%
76%
100%
67%
62%
6.9
6.9
8.3
8.3
7.7
7.7
7.5
1.7
1.7
0.9
0.9
1.1
1.1
1.1
######
8%
######
9%
7%
8%
8%
(18,824)
1,527
(15,524)
1,566
(1,231)
(455)
225
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14.4.3 Findings
Based on the modeling results shown above, the following trends emerge:
Capacity Factor / Host Demand - For this study project capacity factor was defined as a function of the CHP hosts operating
schedule (e.g., number of shifts and operating days/week). Alternatives 1, 3, and 7 do not produce economic benefits even when
the CHP is available 100% of the time. These alternatives are associated with the lowest installed capacities as well, suggesting
that host demand is a critical driver of overall CHP economics. A CHP host with a robust demand profile (generally >8 MW)
would be required to support an economically viable project .
Economies of Scale Results indicate that multiple units and/or higher installed capacities produce stronger economic benefits.
Using the installed costs ($/kw) as an indicator, it appears that the maximum threshold for installed costs for simple cycle are
less than $1,700 and, less than $2,000/kw for combined cycle. Alternatives with installed costs greater than these thresholds do
not appear to produce economic benefits. This finding reinforces the observation regarding minimum capacity factors noted
above.
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14.5
DEBT LEVERED RESULTS
In order to evaluate the potential upside of leveraging debt to improve economic performance, a debt levered economic analysis was
completed. Key input assumptions outlined above were retained, with the following additions:
Item
Value
Percent Debt
50%
Interest Rate
5.0%
Term (Yrs)
20
Similar to the cash on cash analysis, the capacity factor for each alternative was adjusted to identify the minimum thresholds of
economic viability where possible. Results of the levered analysis support the findings noted for the cash on cash analysis. In some
cases the minimum capacity factor threshold was lower however project performance is clearly sensitive to this variable and even
minor perturbations from the minimum thresholds may rendor the project uneconomic. Results of the debt levered model runs are
shown in the tables below.
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14.5.1 Levered Results Simple Cycle

No.
1
2
3
4
5
6
7
8
9
Alternative
(1) Caterpillar
G3520
(5) Caterpillar
G3520
(1) Solar Mercury
50
(3) Solar Mercury
50
(1) Solar Taurus 60
(3) Solar Taurus 60
(1) Solar Taurus 70
(2) Solar Taurus 70
(1) Solar Titan
T130
Total
Installed
Running
Installed
Net
Estimated
Costs
Capacity
Cost
Capacity Generation
Costs
Electrical Factor Electrical
(MW)
(MWH)
($1,000's)
($/kW)
(/kWH)
IRR
Cumulative
NPV
($1,000s)
2.1
18,001
6,106
2,971
100%
7.2
######
(4,156)
10.3
53,574
17,430
1,696
60%
7.2
9%
837
4.5
39,313
11,726
2,613
100%
6.9
######
(5,903)
13.5
77,221
26,457
1,965
65%
6.9
9%
825
5.5
16.5
7.7
15.5
48,204
110,180
67,834
80,754
10,675
22,931
12,568
20,602
1,940
1,389
1,623
1,330
100%
76%
100%
60%
8.3
8.3
7.7
7.7
######
9%
10%
9%
(14,952)
1,315
1,306
939
14.5
63,375
16,155
1,116
50%
7.5
8%
29
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14.5.2 Levered Results Combined Cycle

No
.
1
2
3
4
Alternative
(1) Caterpillar
G3520
(5) Caterpillar
G3520
(1) Solar Mercury
50
(3) Solar Mercury
50
Installe
d
Capacit
y (MW)
Net
Generatio
n (MWH)
Total
Estimate
d Costs
($1,000's)
Installed
Costs
Electrica
l
($/kW)
Capacit
y Factor
Running
Cost
Electrica
l
(/kWH)
Running
Cost
Steam
($/Ton)
IRR
Cumulativ
e
NPV
($1,000s)
2.1
18,001
7,065
3,438
100%
7.2
2.2
#####
#
(9,584)
10.3
68,575
20,720
2,017
76%
7.2
2.2
9%
1,267
4.5
39,313
15,328
3,415
100%
6.9
1.7
#####
#
(14,646)
13.5
95,474
36,842
2,736
81%
6.9
1.7
9%
1,954
(1) Solar Taurus 60
5.5
48,204
13,647
2,480
100%
8.3
0.9
6
7
8
(3) Solar Taurus 60

(1) Solar Taurus 70
(2) Solar Taurus 70
(1) Solar Titan
T130
16.5
7.7
15.5
89,521
64,604
77,524
31,209
16,330
27,820
1,890
2,109
1,796
62%
95%
57%
8.3
7.7
7.7
0.9
1.1
1.1
#####
#
8%
9%
8%
14.5
67,902
22,067
1,525
54%
7.5
1.1
8%
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Page 47
14.5.3 Findings
Based on the results above the following trends emerge:
Capacity Factor / Host Demand Similar to the cash on cash analysis, a CHP host with a robust demand profile (generally >8
MW) would be required to make the project economically viable. The capacity factor for these alternatives ranges from 54-76%,
depending on the alternative. Configurations with higher installed capacities can withstand lower capacity factors and retain
economic viability due to economy of scale benefits.
Economies of Scale Results indicate that multiple units and/or higher installed capacities produce stronger economic benefits.
Using the installed costs ($/kw) as an indicator, it appears that the maximum threshold for installed costs for simple cycle are
less than $1,700 and, less than $2,000/kw for combined cycle. Alternatives with installed costs greater than these thresholds do
not appear to produce economic benefits. This finding reinforces the findings regarding minimum capacity factors (described
above).
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15.0 CONCLUSIONS
Based on the results of the economic analysis it appears that a minimum installed capacity of
approximately 10 MW and a capacity factor of 76% is required for economic viability of the
Energy Park. This minimum threshold is sensitive to perturbations in capacity factor loss of a
single typical operating shift by the CHP host would result in an economic penalty. This result
suggests that for an Energy Park concept to be viable at the study site a CHP host with a robust
demand will be required. Based on the preliminary Mark Analysis findings (Camoin Associates),
this type of host does not appear to be readily available.
The matrix below summarizes key installed capacity and capacity factor thresholds for each of
the alternatives. The results below are based on a debt levered financing structure.
Combined Cycle
No.
1
2
3
4
5
6
7
8
9
Alternative
(1) Caterpillar
G3520
(5) Caterpillar
G3520
(1) Solar Taurus 60
(3) Solar Taurus 60
(1) Solar Taurus 70
(2) Solar Taurus 70
Installed
Capacity Capacity
(MW)
Factor
Simple Cycle
IRR
Cum.
NPV
($1,000s)
Capacity
Factor
IRR
Cum.
NPV
($1,000s)
2.1
100%
######
(9,584)
100%
######
(4,156)
10.3
76%
9%
1,267
60%
9%
837
4.5
13.5
5.5
16.5
7.7
15.5
14.5
100%
81%
100%
62%
95%
57%
54%
######
9%
######
8%
9%
8%
8%
(14,646)
1,954
(15,789)
376
786
251
422
100%
65%
100%
76%
100%
60%
50%
######
9%
######
9%
10%
9%
8%
(5,903)
825
(14,952)
1,315
1,306
939
29
Based on the results above, Alternatives 1, 3 and 5 do not appear economic in simple or
combined cycle mode. Economic benefits begin to be realized by the balance of alternatives
given the right host profile. Regardless of the operating mode the minimum installed capacity
threshold is approximately 8 MW. With some value engineering and optimization this threshold
may be somewhat lower, however this can not be determined without detailed host demand
profile information.
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Capacity factor also emerges as a driver of economic performance. Given the results above, there
appear to be two minimum thresholds at play, the first relative to installed capacity, the second
related to capacity factor. Higher installed capacities enjoy economy of scale benefits in terms of
initial investment allowing for lower capacity factors. Alternatives with lower installed capacities
may also be viable, but require significantly higher capacity factors.
These results suggest that a viable CHP host will have at least one of the following traits:
Simple Cycle CHP Host Threshold:
Require at least 8 MW of electrical demand and operate at a 60% capacity factor.
Combined Cycle CHP Host Threshold:
Require at least 8 MW of electrical demand (in addition to thermal products) and operate
at a 57% capacity factor.
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EQUIPMENT VENDOR DATA
Caterpillar G3520C
G3520C
GAS ENGINE TECHNICAL DATA
ENGINE SPEED:
COMPRESSION RATIO:
AFTERCOOLER - STAGE 1 MAX. INLET (F):
AFTERCOOLER - STAGE 2 MAX. INLET (F):
JACKET WATER - MAX. OUTLET (F):
COOLING SYSTEM:
IGNITION SYSTEM:
EXHAUST MANIFOLD:
COMBUSTION:
EFFECTIVE SERIAL NUMBER:
RATING AND EFFICIENCY

ENGINE POWER
GENERATOR POWER
ENGINE EFFICIENCY
ENGINE EFFICIENCY
THERMAL EFFICIENCY
TOTAL EFFICIENCY
1200
11.3:1
198
130
210
JW+OC+1AC, 2AC
ADEM3
DRY
LOW EMISSION
GZL00141-Up
(WITHOUT FAN)
(WITHOUT FAN)
(ISO 3046/1)
(NOMINAL)
(NOMINAL)
(NOMINAL)
ENGINE DATA
(ISO 3046/1)
FUEL CONSUMPTION
(NOMINAL)
FUEL CONSUMPTION
AIR FLOW (77 F, 14.7 psi)
AIR FLOW
COMPRESSOR OUT PRESSURE
COMPRESSOR OUT TEMPERATURE
AFTERCOOLER AIR OUT TEMPERATURE
INLET MAN. PRESSURE
(MEASURED IN PLENUM)
INLET MAN. TEMPERATURE
TIMING
EXHAUST STACK TEMPERATURE
EXHAUST GAS FLOW (@ stack temp.)
EXHAUST MASS FLOW
EMISSIONS DATA
NOx (as NO2)
CO
THC (molecular weight of 15.84)
NMHC (molecular weight of 15.84)
CO2
EXHAUST O2
LAMBDA
HEAT BALANCE DATA
LHV INPUT
HEAT REJECTION TO JACKET
HEAT REJECTION TO ATMOSPHERE
HEAT REJECTION TO LUBE OIL
HEAT REJECTION TO EXHAUST (LHV to 77F)
HEAT REJECTION TO EXHAUST (LHV to 350F)
HEAT REJECTION TO A/C - STAGE 1
HEAT REJECTION TO A/C - STAGE 2
FUEL:
FUEL SYSTEM:
NAT GAS
CAT LOW PRESSURE
WITH AIR FUEL RATIO CONTROL
FUEL PRESS. RANGE (PSIG):

MIN. METHANE NUMBER:
RATED ALTITUDE (FT):
AT AIR TO TURBO. TEMP. (F):
NOx EMISSION LEVEL:
FUEL LHV (BTU/SCF):
APPLICATION:
0.50 - 5.0
80
2595
77
0.5 g/bhp-hr
905
GENSET
LOAD
BHP
EKW
%
%
%
%
100%
2248
1600
39.9
38.9
38.7
77.7
75%
1686
1201
38.4
37.5
40.2
77.6
50%
1124
800
35.9
35.1
42.0
77.1
BTU/bhp-hr
BTU/bhp-hr
SCFM
lb/hr
in. HG (abs)
F
F
in. HG (abs)
F
BTDC
F
CFM
lb/hr
6383
6538
5089
22564
111
395
137
100.7
137
28
758
12361
23304
6629
6791
3840
17025
84.5
323
137
75.7
137
28
827
9870
17601
7084
7257
2648
11741
57.7
231
137
51.9
137
28
890
7154
12152
(13)
(14)
(14)
(14)
(14)
(15)
(15)
g/bhp-hr
g/bhp-hr
g/bhp-hr
g/bhp-hr
g/bhp-hr
% DRY
0.50
2.25
8.52
1.28
448
10.3
1.91
0.50
2.32
9.44
1.42
464
10.1
1.85
0.50
2.34
11.11
1.67
485
9.9
1.79
(16)
(17)
BTU/min
BTU/min
BTU/min
BTU/min
BTU/min
BTU/min
BTU/min
BTU/min
244932
29437
6372
6005
80334
41900
17547
7934
190789
25676
5325
5379
67144
37207
8357
5436
135926
21757
4278
4612
50844
29255
1527
3269
NOTES
(1)
(2)
(3)
(3)
(4)
(5)
(6)
(6)
(7)
(7)
(8)
(9)
(10)
(11)
(12)
(12)
(18)
(19)
(20)
(20)
(21)
(22)
CONDITIONS AND DEFINITIONS

ENGINE RATING OBTAINED AND PRESENTED IN ACCORDANCE WITH ISO 3046/1. DATA REPRESENTS CONDITIONS OF
77F, 29.6 IN HG BAROMETRIC PRESSURE, 30% RELATIVE HUMIDITY, 10 IN H2O AIR FILTER RESTRICTION, AND 20 IN H2O
EXHAUST STACK PRESSURE. ENGINE EFFICIENCY AND FUEL CONSUMPTION SPECIFICALLY NOTED AS ISO 3046/1 ARE
REPRESENTED WITH 5 IN H2O AIR FILTER RESTRICTION AND 0 IN H2O EXHAUST STACK PRESSURE. CONSULT
ALTITUDE CURVES FOR APPLICATIONS ABOVE MAXIMUM RATED ALTITUDE AND/OR TEMPERATURE. NO OVERLOAD
PERMITTED AT RATING SHOWN.
EMISSION LEVELS ARE BASED ON THE ENGINE OPERATING AT STEADY STATE CONDITIONS AND ADJUSTED TO THE
SPECIFIED NOx LEVEL AT 100% LOAD. EMISSION TOLERANCES SPECIFIED ARE DEPENDENT UPON FUEL QUALITY.
METHANE NUMBER CANNOT VARY MORE THAN 3. PUBLISHED PART LOAD DATA IS WITH AIR FUEL RATIO CONTROL.
ENGINE RATING IS WITH 2 ENGINE DRIVEN WATER PUMPS. PUMP POWER IS NOT INCLUDED IN HEAT BALANCE DATA.
FOR NOTES INFORMATION CONSULT PAGE THREE.
DM5856-02 (SUPERSEDES DM5694)
PAGE 1 OF 3
22-Oct-09
G3520C
FUEL USAGE GUIDE

CAT METHANE NUMBER
IGNITION TIMING
DERATION FACTOR
30
0
35
0
40
0
45
0
50
0
55
16
0.75
60
16
0.81
65
16
0.86
70
16
0.90
75
22
0.95
80
28
1.00
85 to 100
28
1.00
0.86
0.88
0.89
0.91
0.93
0.94
0.96
0.98
1.00
4000
0.83
0.84
0.86
0.87
0.89
0.91
0.92
0.94
0.96
5000
0.80
0.81
0.83
0.84
0.86
0.87
0.89
0.91
0.92
6000
0.77
0.78
0.79
0.81
0.82
0.84
0.86
0.87
0.89
7000
0.74
0.75
0.76
0.78
0.79
0.81
0.82
0.84
0.85
8000
0.71
0.72
0.73
0.75
0.76
0.78
0.79
0.81
0.82
9000
0.68
0.65
0.63
0.69
0.67
0.64
0.71
0.68
0.65
0.72
0.69
0.66
0.73
0.70
0.67
0.74
0.72
0.69
0.76
0.73
0.70
0.77
0.74
0.71
0.79
0.76
0.73
10000 11000 12000
1.42
1.36
1.30
1.23
1.17
1.11
1.04
1.00
1.00
9000
1.42
1.42
1.42
1.36
1.36
1.36
1.30
1.30
1.30
1.23
1.23
1.23
1.17
1.17
1.17
1.11
1.11
1.11
1.04
1.04
1.04
1.00
1.00
1.00
1.00
1.00
1.00
10000 11000 12000
ALTITUDE DERATION FACTORS
AIR
TO
TURBO
(F)
130
120
110
100
90
80
70
60
50
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
0
0.97
0.98
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1000
0.93
0.95
0.96
0.98
1.00
1.00
1.00
1.00
1.00
2000
0.90
0.91
0.93
0.94
0.96
0.98
1.00
1.00
1.00
3000
ALTITUDE (FEET ABOVE SEA LEVEL)
AFTERCOOLER HEAT REJECTION FACTORS
AIR
TO
TURBO
(F)
130
120
110
100
90
80
70
60
50
1.30
1.24
1.18
1.12
1.06
1.00
1.00
1.00
1.00
0
1.35
1.29
1.23
1.16
1.10
1.04
1.00
1.00
1.00
1000
1.39
1.33
1.27
1.21
1.14
1.08
1.02
1.00
1.00
2000
1.42
1.36
1.30
1.23
1.17
1.11
1.04
1.00
1.00
3000
1.42
1.36
1.30
1.23
1.17
1.11
1.04
1.00
1.00
4000
1.42
1.36
1.30
1.23
1.17
1.11
1.04
1.00
1.00
5000
1.42
1.36
1.30
1.23
1.17
1.11
1.04
1.00
1.00
6000
1.42
1.36
1.30
1.23
1.17
1.11
1.04
1.00
1.00
7000
1.42
1.36
1.30
1.23
1.17
1.11
1.04
1.00
1.00
8000
ALTITUDE (FEET ABOVE SEA LEVEL)

FUEL USAGE GUIDE:
This table shows the derate factor required for a given fuel. Note that deration occurs as the methane number decreases. Methane number is a scale to measure
detonation characteristics of various fuels. The methane number of a fuel is determined by using the Caterpillar Methane Number Calculation program.
ALTITUDE DERATION FACTORS:
This table shows the deration required for various air inlet temperatures and altitudes. Use this information along with the fuel usage guide chart to help
determine actual engine power for your site.
INLET AND EXHAUST RESTRICTION CORRECTIONS FOR ALTITUDE CAPABILITY:
To determine the appropriate altitude derate factor to be applied to this engine for inlet or exhaust restrictions differering from the
standard conditions listed on page 1, a correction to the site altitude can be made to adjust for this difference. Add 139 feet to the site
altitude for each additional inch of H2O of exhaust stack pressure greater than spec sheet conditions. Add 279 feet to the site altitude for each
additional inch of H2O of inlet restriction greater than spec sheet conditions. If site inlet restriction or exhaust stack pressure
are less than spec sheet conditions, the same trends apply to lower the site altitude.
ACTUAL ENGINE RATING:
It is important to note that the Altitude/Temperature deration and the Fuel Usage Guide deration are not cumulative. They are not to be added together. The
same is true for the Low Energy Fuel deration (reference the Caterpillar Methane Number Program) and the Fuel Usage Guide deration. However, the
Altitude/Temperature deration and Low Energy Fuel deration are cumulative; and they must be added together in the method shown below. To determine
the actual power available, take the lowest rating between 1) and 2).
1) (Altitude/Temperature Deration) + (Low Energy Fuel Deration)
2) Fuel Usage Guide Deration
Note: For NA's always add the Low Energy Fuel deration to the Altitude/Temperature deration. For TA engines only add the Low Energy Fuel
deration to the Altitude/Temperature deration whenever the Altitude/Temperature deration is less than 1.0 (100%). This will give the actual rating
for the engine at the conditions specified.
AFTERCOOLER HEAT REJECTION FACTORS:
Aftercooler heat rejection is given for standard conditions of 77F and 500 ft altitude. To maintain a constant air inlet manifold temperature, as the air to turbo
temperature goes up, so must the heat rejection. As altitude increases, the turbocharger must work harder to overcome the lower atmospheric pressure.
This increases the amount of heat that must be removed from the inlet air by the aftercooler. Use the aftercooler heat rejection factor to adjust for ambient and
altitude conditions. Multiply this factor by the standard aftercooler heat rejection. Failure to properly account for these factors could result in detonation and
cause the engine to shutdown or fail. For 2 Stage Aftercoolers with separate circuits, the 1st stage will collect 90% of the additional heat.
DM5856-02
PAGE 2 OF 3
22-Oct-09
G3520C
NOTES
1 ENGINE RATING IS WITH 2 ENGINE DRIVEN WATER PUMPS. TOLERANCE IS 3% OF FULL LOAD.
2 GENERATOR POWER DETERMINED WITH AN ASSUMED GENERATOR EFFICIENCY OF 95.45% AND POWER
FACTOR OF 0.8 [GENERATOR POWER = ENGINE POWER x GENERATOR EFFICIENCY].
3 ISO 3046/1 ENGINE EFFICIENCY TOLERANCE IS (+)0, (-)5% OF FULL LOAD % EFFICIENCY VALUE. NOMINAL
ENGINE EFFICIENCY TOLERANCE IS 2.5% OF FULL LOAD % EFFICIENCY VALUE.
4 THERMAL EFFICIENCY: JACKET HEAT + LUBE OIL HEAT + STAGE 1 A/C HEAT + EXH. HEAT TO 350F.
5 TOTAL EFFICIENCY = ENGINE EFF. + THERMAL EFF. TOLERANCE IS 10% OF FULL LOAD DATA.
6 ISO 3046/1 FUEL CONSUMPTION TOLERANCE IS (+)5, (-)0% OF FULL LOAD DATA. NOMINAL FUEL
CONSUMPTION TOLERANCE IS 2.5 % OF FULL LOAD DATA.
7 UNDRIED AIR. FLOW TOLERANCE IS 5 %
8 INLET MANIFOLD PRESSURE TOLERANCE IS 5 %
9 INLET MANIFOLD TEMPERATURE TOLERANCE IS 9F.
10 TIMING INDICATED IS FOR USE WITH THE MINIMUM FUEL METHANE NUMBER SPECIFIED. CONSULT THE
APPROPRIATE FUEL USAGE GUIDE FOR TIMING AT OTHER METHANE NUMBERS.
11 EXHAUST STACK TEMPERATURE TOLERANCE IS (+)63F, (-)54F.
12 WET EXHAUST. FLOW TOLERANCE IS 6 %
13 NOX TOLERANCES ARE 18 % OF SPECIFIED VALUE.
14 CO, CO2, THC, and NMHC VALUES ARE "NOT TO EXCEED".
15 O2% TOLERANCE IS 0.5; LAMBDA TOLERANCE IS 0.05. LAMBDA AND O2 LEVEL ARE THE RESULT OF
ADJUSTING THE ENGINE TO OPERATE AT THE SPECIFIED NOX LEVEL.
16 LHV RATE TOLERANCE IS 2.5%.
17 TOTAL JW HEAT (based on treated water) = JACKET HEAT + LUBE OIL HEAT + STAGE 1 A/C HEAT + 0.90 x
(STAGE 1 + STAGE 2) x (ACHRF-1). TOLERANCE IS 10 % OF FULL LOAD DATA.
18 RADIATION HEAT RATE BASED ON TREATED WATER. TOLERANCE IS 50% OF FULL LOAD DATA.
19 LUBE OIL HEAT RATE BASED ON TREATED WATER. TOLERANCE IS 20% OF FULL LOAD DATA.
20 EXHAUST HEAT RATE BASED ON TREATED WATER. TOLERANCE IS 10% OF FULL LOAD DATA.
21 STAGE 1 A/C HEAT (based on treated water) = STAGE 1 A/C HEAT + 0.90 x (STAGE 1 + STAGE 2) x (ACHRF-1).
TOLERANCE IS 5 % OF FULL LOAD DATA.
22 STAGE 2 A/C HEAT (based on treated water) = STAGE 2 A/C HEAT + (STAGE 1 + STAGE 2) x 0.10 x (ACHRF - 1).
TOLERANCE IS 5 % OF FULL LOAD DATA.
DM5856-02
PAGE 3 OF 3
22-Oct-09
Solar Mercury 50
Solar Taurus 60
Solar Taurus 70
Solar Titan 130
CHP CONCEPTUAL LAYOUT DRAWINGS
ECONOMIC MODELS & DOCUMENTATION
Model Documentation
BeecherFallsEnergyPark
FeasibilityStudy
EconomicModels
DocumentationandInstructions
EconomicModels
Twocashflowmodelsweredevelopedaspartofthestudy.Thefirstisascreeninglevelmodeldesigned
toprovidearapideconomicassessmentofvariousformsofnaturalgasuse/conversionatexisting
facilities.Thesecondmodelisamorerefinedfeasibilitymodelthatincludesdetailedanalysisof
economicperformancebasedonspecificinputdatarelatedtoequipmentcapacityandperformance,
capitalexpenditures,debtstructure,operatingexpenditures,andrevenues.Themodelscanbeusedin
conjunctionbeginningwithpotentialopportunitiesbeingrapidlyscreenedwiththescreeningmodel.
Opportunitieswhichappeartoproducebenefitsbasedonscreeningmodelresultscanthenbe
subjectedtomoredetailedanalysisusingthefeasibilitymodel.Thefollowingsectionsprovideadditional
detailsoneachmodelaswellasinstructionsfortheirintendeduse(s).
ScreeningModelDescription
Themodelisasimplifiedcashflowanalysistoolwhichprovidestheuserwithopportunitiestospecify
capitalexpenditures(e.g.,costtoconstruct),operatingexpenditures(e.g.,costoffuelandO&M),and
revenues(e.g.costsofgoodsorservicesprovided).Themodelusesthesekeyinputvariablestoperform
a30yearcashflowanalysisproducingpreliminaryestimatesofNetPresentValueandInternalRateof
Returnonanannualbasis.Inordertofacilitatetheinterpretationofmodelresultstheinputtabhas
beendesignedtoinstantlysummarizekeyresultsbothintabularandgraphicformats.Themodelwas
developedonaspreadsheetplatformwiththefollowingworksheets:
1. Summary:usedtoadjustkeymodelinputstoreflectvariousprojectconfigurations.Summarized
resultsofcashflowanalysis.
2. FinancialInputs:definefinancialmodelvariableshere.
3. CashFlowAnalysis:sourceofeconomicanalysisresults.Appliesuserdefinedinputvariables
fromSummaryandFinancialInputsworksheetstocompleteadiscountedcashflowanalysis.
Thisworksheetislockedtodiscouragealterationoftheformulaswhichallowtheanalysisto
functionproperly.
Assumptions/Limitations
Thescreeningmodelisnotintendedtobeusedtomakeinvestmentdecisions.Rather,itsfunctionisto
providearapidandlowcostwaytoevaluatetheopportunitypotentialforagivencustomer.Inthis
contextacustomercanapplytoavarietyofpotentialendusersofnaturalgasrelatedproducts,
including;CombinedHeatandPower,CompressedNaturalGas,LiquefiedNaturalGas,ElectricalService,
ThermalProducts(hotwaterorsteam),oracombinationoftheabove.Thescreeningmodelhasthe
flexibilitytoincorporateadditionalcommoditieswhichmayormaynotbenaturalgasrelated.
Modelresultscanbeparticularlysensitivetocommodityprices,capacityfactors(amountoftimean
assetisutilized),capitalcostsanddebtstructure.Allresultsshouldbeindependentlyverifiedtoensure
thaterrorsandomissionsofkeyinputvariablesdidnotyieldinaccurateresults.Thistoolisintendedto
providetheuserwitharapidassessmentofthegrosspotentialforacustomertobenefitfromnatural
gasrelatedgoodsandservices.Additionalrefinedanalysismaybewarrantedifthescreeningtool
FeasibilityStudy
EconomicModels
suggeststhepotentialforcustomerbenefits.Therefinedfeasibilitymodelisalogicalnextstepinthis
process.
ScreeningModelInputs
Keymodelinputsaredefinedbytheuserinyellowshadedcells.
ThefollowinginputvariableswhichcanbedefinedbytheuserarelocatedontheSummarytab:
1. AlternativeName:Conciseidentifierforthemodeledscenario.
2. Description/Notes:Briefnotationregardingspecificelementsofthemodeledscenario.For
example,theanalysismaybefordeliveredCNGwithnoelectricalcomponents.Thisspace
providestheuser/reviewerwithasummaryofthemodeledscenario.
3. InvestmentData:Capitalcoststodevelopthemodeledscenario.Thesedatacontainseveral
fieldsforvariousanticipatedcapitalcosts.Italsohasthefunctionalitytoincorporatepotential
incentives(suchasgrants)whicheffectivelyreducethecapitalcosts.Thesedataareenteredin
$1,000s.
FeasibilityStudy
EconomicModels
4. AnnualData:Thesefieldsareusedtodefinethestaringpointsforthecashflowanalysis.The
basicassumptionsincludeprovisionsforoperationsandmaintenance,insurance,taxes,thecost
tosupplycommodities,thepricefordeliveredcommodities,aswellasthevolumeofeach.The
modelhastheflexibilitytomodelavarietyofcombinationsofcommodities.Thecostsforeach
ofthesevariablesareindividuallydefinedandestablishthestartingpointfortheescalated
valuesoverthetermofthestudy.
Inthetableabovethefollowinginputparametersaredefined:
1. Annualoperationsandmaintenancecost,includinglabor:ForthisexampleO&Misestimated
tobe$700,000inyearoneofthestudy,whichcorrespondstoalargepeakingormediumsize
combinedcycleprojectthatisstaffedtwoormoreshifts.
2. PropertyTaxes:entertheestimatedtaxrateexpressedasapercentageoftheinitial
investment.Typicallyassessorsarewillingtonegotiatealevelizedescalatingtaxpaymentas
opposedtoadecliningpaymentstreamconsistingoffewveryhighinitialpaymentswhich
rapidlydepreciate.Experiencewithpowergeneratingfacilitiessuggestsalevelizedrateranging
between1%and2%.
3. Insurance:entertheannualinsurancepremium;expressedasapercentageoftheinitial
investment.Forthisexampleweselected0.5%oftheinitialinvestmentwhichreflectsour
experiencewithsimilarprojects.
4. Other:placeholderforunspecifiedannualfinancialobligationsassociatedwiththeproject(e.g.,
leasepayment,etc.).Valuesareexpressedinthousandsofdollars.
5. NaturalGasPurchases,deliveredprice:enterthevolumeandunitcostofthenaturalgas
commodityasdeliveredtotheprojectfromthepipeline.Volumeisexpressedinunitsof
mmBTU/yearwhiletherateisexpressedin$/mmBTU(individualunitprice).
FeasibilityStudy
EconomicModels
6. Costofothercommoditiespurchased,deliveredprice:placeholderforvolumeandunitcosts
foradditionalprojectcommoditypurchases.
7. Electricitysold:entertheannualvolume(MWH)andunitprice($/MWH)ofelectricity
generatedandsoldbytheproject.Notethatinsomeinstancesthesoldpricemayactuallybe
avoidedcostifthegenerationdisplacesenergythatwouldotherwisebepurchasedfromthe
grid.
8. Steamsold:entertheannualvolume(tons)andunitprice($/ton)ofsteamgeneratedandsold
(orutilized)bytheproject.Notethatinsomeinstancesthesoldpricemayactuallybe
avoidedcostifthesteamproductdisplacessteamthatwouldotherwisebepurchasedfrom
anothersource.
9. Hotwatersold:entertheannualvolume(tons)andunitprice($/ton)ofhotwatergenerated
andsold(orutilized)bytheproject.Notethatinsomeinstancesthesoldpricemayactuallybe
avoidedcostifthehotwaterproductdisplaceshotwaterthatwouldotherwisebepurchased
fromanothersource.
10. Naturalgassold:enterthevolumeandunitcostofthenaturalgascommodityasprovidedby
theprojecttoathirdpartyorhost.VolumeisexpressedinunitsofmmBTU/yearwhiletherate
isexpressedin$/mmBTU(individualunitprice).Thedifferenceinthepurchasepriceandthe
soldpricerepresentsthegrossprofitmarginonthenaturalgascommodity.
11. Othercommoditysold:enterthevolumeandunitcostofanunidentifiedcommodityas
providedbytheprojecttoathirdpartyorhost.Volumeisexpressedinunitsdefinedbythe
userwhiletherateisexpressedincostperindividualunit.Thedifferenceinthepurchaseprice
andthesoldpricerepresentsthegrossprofitmarginonthisothercommodity.
Thefollowingvariablesdrivethecashflowanalysisoverthe20yearstudyperiod;theyarelocatedon
theFinancialInputstab.Theyaredescribedbelow:
1. GeneralEscalation:annualincreaseincostofgoods.Generallyreflectstheanticipatedrateof
inflation.Overthelast10+yearsescalationhasrangedfrom2%toover10%.Inrecentyears
escalationhasbeenintherangeof2%to2.5%.
1. EnergyEscalation:annualincreaseinthecostofenergy.IntheNortheast,wheretheprimary
sourcesofgenerationarenaturalgasplants,energycoststrackcloselywithnaturalgasprices.
Sincetheeconomicrecessionof2008energycostshavefallenfortworeasons1)aslowdownin
theeconomyreduceddemand,and2)insurgenceofdomesticnaturalgasproductionhas
createdasupplyglutreducinggascosts.Forthisexampleweselected2.5%annualescalationof
energycostsasaconservativeestimatefora30yearstudyperiod.
2. FuelEscalation:annualincreaseinthecostoffuel.Developmentofdomesticnaturalgasplays
(suchasthoseintheMarcellusShaleformation)havecreatedasupplyglutdrivingdownnatural
gascostsoverthepastfewyears.However,concernsoverpotentialenvironmentalimpacts
associatedwiththeextractionprocessincreaseuncertaintyoffuturegaspricing.Forthis
exampleweselected2.5%annualescalationoffuelcostsasaconservativeestimatefora30
yearstudyperiod.
FeasibilityStudy
EconomicModels
Noteenergyandfuelescalationisseparatedfromgeneralescalationtoallowgreaterflexibilityin
evaluatingscenarioswithdisparatecommodityescalations.
3. DiscountRate:theopportunitycostofthecapitalinvestedattheoutsetoftheprojectwhichis
notavailableforotherpurposes.Itcanbeconceptualizedasareverseinterestrate.(8%
utility,6%municipal,10%andupdeveloper)
4. Grant:%ofcapitalcostswhichmaybeavailableasgrantstoreducetheinitialinvestment.We
haveselected10%ofcapitalcostsasagrantvaluereflectingamiddleoftheroadestimateof
incentivesthatmaybeavailablethrougheitherStateand/orFederalsourcessuchastheU.S.
DepartmentofAgricultureRuralEnergyforAmericaProgramandtheU.S.Treasury
Department.
5. PercentDebt:percentageoftotalcapitalcostswhichwouldbefinanced.(100%formunicipal
bondissue;forprivateparties,upto80%debt,buttypically50%to75%)
6. InterestRate:interestpaidonfinancedportionofcapitalcosts.Dependsonterm,strengthof
project,balancesheetofthelender.Intodayslendingenvironment:Municipal:46%,private
68%
7. Term:durationofthefinancingarrangement.Intodaysenvironment:Municipal:1020years;
private:510years.
8. DepreciationTerm:Depreciationofthecapitalinvestmentfortaxpurposes.Thismodelusesa
conservativestraightlinedepreciationmethod.
9. InvestmentTaxCredit(ITC):Federalincentiveprogramwhichcurrentlyallowsupto10%ofCHP
capitalcoststoberecoveredthroughaonetimetaxcredit.Theavailabilityandeligibilitycriteria
forthisFederalprogramareverydynamicandshouldbeverifiedpriortoevaluating
alternatives.
10. CombinedFed.+StateTaxRate:annualtaxburdenfortheproject(Typicalrangeforaprivate
investor:3545%).
11. CommercialOperationDate:yeartheprojectisanticipatedtobecompleteandoperable.
Adjustingthisvaluewilladjusttheinitialcapitalandcommoditycostsaccordingtothedefined
escalationratesusedinthecashflowanalysis.
FeasibilityStudy
EconomicModels
ScreeningModelInstructions
Thescreeningmodelcanbeusedtoprovideapreliminaryassessmentofthepotentialforaparticular
naturalgasrelatedprojecttoprovideeconomicbenefits.Dataspecifictothepotentialprojectare
enteredbytheuserontheFinancialInputsandSummaryworksheets(asdescribedabove).
Usersarecautionedtoverifythatallinputdatareflecttheinvestmentandcommoditycoststructureas
accuratelyaspossible.
ResultsandInterpretationGuidance
ThescreeningmodelusesIRRandNPVareusedashighlevelindicatorsofthepotentialvalueofthe
investment.ThesevaluesaresummarizedinthePerformanceProjectionstablebystudyyear.
Additionally,theNPVsareillustratedgraphicallyatthebottomofthepage.Thesemetricsaredescribed
below.
1. IRRInternalRateofReturn(IRR):isusedtomeasureandcomparetheprofitabilityof
projects.TheIRRonaninvestmentorprojectisthediscountratethatmakestheNPVofallcash
flowsfromaparticularprojectequaltozero.WhentheIRRisgreaterthanthediscountratethe
projectisanticipatedtoproduceeconomicbenefits.
2. CumulativeNPV(NetPresentValue)($1,000s):ameasureofhowmuchvalueaninvestment
providestotheinvestor.CumulativeNPVrepresentsthecurrentworthofafuturesumof
moneyorstreamofcashflowsgivenaspecifiedrateofreturn.Futurecashflowsarediscounted
atthediscountrate.Generally,thehigherthediscountrate,thelowerthepresentvalueofthe
futurecashflows.NPVisdifferentfromIRR,becauseNPVcalculationsusediscountedcashflow
toquantify,intoday'sdollarterms,theprojectednetgainfromtheprojectinnetdollarterms.
Ingeneral,projectswhichareestimatedtoproduceanIRRgreaterthanorequaltothespecified
discountrateareconsideredtoprovideeconomicbenefits.Whiletheactualrateofreturnthatagiven
FeasibilityStudy
EconomicModels
projectendsupgeneratingwilloftendifferfromitsestimatedIRRrate,aprojectwithasubstantially
higherIRRvaluethanotheravailableoptionswouldstillprovideamuchbetterchanceofstronggrowth.
Ifthescreeningmodelresultssuggestthatthepotentialprojectwillproducerobusteconomicbenefits
morerefinedanalysiscanbecompleted(seeRefinedFeasibilityModel).
FeasibilityStudy
EconomicModels
RefinedFeasibilityModelDescription
Themodelisadiscountedcashflowanalysistoolwhichprovidestheuserwithopportunitiestospecify
capitalexpenditures(e.g.,costtoconstruct),equipmentperformancecharacteristics(e.g.,heatrates,
capacity),operatingexpenditures(e.g.,costoffuel),andrevenues(e.g.costsofgoodsorservices
provided).Themodelusesthesekeyinputvariablestoperforma30yearcashflowanalysisproducing
estimatesofNetPresentValueandInternalRateofReturnonanannualbasisonuptoninedifferent
alternatives.
InordertofacilitatetheinterpretationofmodelresultstheExecutiveSummaryandDetailedSummary
tabshavebeendesignedtoinstantlysummarizekeyresultsbothintabularandgraphicformats.The
modelwasdevelopedonaspreadsheet(MicrosoftExcel)platform.Thismodelisintendedtobuildon
theresultsofthescreeningmodelandprovideamoredetailedanalysisofprojectperformance.
Assumptions/Limitations
TheRefinedFeasibilityModelwasinitiallyintendedtoevaluatetheeconomicperformanceofaCHP
assetattheBeecherFallsstudysite(BeecherFalls,VT).Severalassumptionsand/orstartingpoints
specifictothepotentialdevelopmentofaCHPatthislocationareincluded.
Themodelhastheflexibilitytoevaluateeconomicperformanceatotherlocationsgiventheappropriate
adjustmentstokeymodelinputs.Userdefinedinputsareadjustedinyellowshadedcellslocatedon
worksheetswithgreentabcolors.Allotherworksheetsarepasswordprotectedtoprotecttheintegrity
ofcriticalformulascontainedwithineach.Modificationstothemodeloutsideoftheyellowshadedcells
mayresultinfalseormisleadingresults.
Thefollowingworksheetsareavailableformodificationbytheuser:
1. PlantOperations:definestheamountoftimeinhoursperdayanddaysperweektheplantis
requiredtooperatetomeetthehostsdemands(capacityfactor).Theseinputsdrivethe
operatingexpensesandrevenuecalculations.
2. FinancialInputs:allowstheusertodefinekeyvariablesassociatedwithprojectfinancing.
Examplesinclude;%debt,interestrate,term,propertytaxes,etc.
3. CommodityInputs:definesthestartingvaluesfordevelopingforwardpricecurvesforkey
commoditiesnecessaryforprojectdevelopmentandoperations.Itemssuchasfuelcosts,
energycosts,andlaborratescanbespecified.ThesevaluescreatetheYear1commodity
valuesusedinthecashflowanalysis.
Regardlessofthelocation,size,ortypeofnaturalgasrelatedprojectevaluatedtheRefinedFeasibility
Modelisintendedasaplanningtoolonly;itisnotintendedforuseinmakinginvestmentdecisions.
Priortomakingfinalinvestmentdecisionswerecommendcompletingamoredetailedduediligence
assessmentoftheproposaltoconfirmkeydriversofperformance(e.g.,regulatoryrequirements,cost
estimates,propertytaxesinthespecificmunicipality,actuallendersrequirements,etc.)andoverall
feasibility.
FeasibilityStudy
EconomicModels
ModelStructure
TheRefinedFeasibilityModelisstructuredtoperformdiscountedcashflowanalysisonnaturalgasfired
generationandthermalassets.Asnotedabovethemodelalsohastheflexibilitytoincorporateother
naturalgasrelatedproductsandservicessuchasCNGintotheanalysis.
Themodelisaspreadsheetbasedtoolwhichutilizeskeyvariableinputsfromseveralworksheetsto
modelthecapitalcosts,evaluateprojectelectricalandthermalperformanceandoperatingexpenses.
Thesedataarethenautomaticallyfedtoindividualcashflowanalysisworksheets.Economicresults
fromeachcashflowworksheetaresummarizedontheExecutiveSummaryandDetailedSummarytabs.
Themodelstructureisgenerallyillustratedbelow,additionaldetailonkeyinputsassociatedwitheach
boxinthegraphicbelowaredescribedinmoredetailinthenextsection.
FeasibilityStudy
EconomicModels
KeyInputs
TheRefinedFeasibilityModelcontainsbothadjustable(userdefined)andfixed(predetermined)
variables.Fixedvariablesrepresenttechnicaldataprimarilyrelatedtoequipmentperformance
(obtainedfromvendors)aswellascapitalandoperatingexpenses(engineerscostestimates).Fixed
variablesarecontainedonpasswordprotectedworksheetstopreventinadvertentmodificationor
alterationofkeyvaluesand/ortheirassociatedformulalinkagestootherworksheetswhicharecritical
totheproperfunctioningofthemodel.
Thefollowingworksheetsareprotectedfromediting(withoutthepassword),howeverareavailableto
view:
1. ExecutiveSummary:providesaprintablesummaryoftheeconomicperformanceofallnine
alternativesbasedonthemodelinputsettings.
2. DetailedSummary:providesadetailedsummaryofeconomicperformanceaswellaskeyinput
variablesettings.
3. PerformanceCharacteristics:equipmentperformancecharacteristicsincluding;equipment
costs,heatrate,electricalandthermalcapacities,aswellasO&Mrequirements.
4. O&M:documentsvariableO&Mvaluesforeachequipmentalternativeandavailability.
5. ForwardPricing:projectscommodityvaluesoverthe30yeartermofthestudy.
6. SourcesofFunds:documentsthedistributionofcapitalcostsamongequity,debtandgrant
categoriesbasedonuserdefinedinputs.
7. PlantOperations(Alts19):individualworksheetsforeachalternativedescribingtheannual
plantperformancecharacteristicssuchas;electricalgeneration,thermalproducts,overhaul
intervals,etc.
8. CashFlowAnalysis(Alts19):discountedcashflowanalysisworksheetsforeachalternative.
Theseanalysesdynamicallyupdateautomaticallybasedonuserdefinedinputs.
9. CostEstimatesCombinedCycle(Alts19):engineerscostestimatesofcapitalcoststo
developtheprojectincluding;permitting,engineeringandconstructionwhenCombinedCycle
isselectedastheoperatingmodebytheuser.
10. CostEstimatesSimpleCycle(Alts19):engineerscostestimatesofcapitalcoststodevelop
theprojectincluding;permitting,engineeringandconstructionwhenSimpleCycleisselected
astheoperatingmodebytheuser.
Keyuserdefinedmodelinputsareadjustedbymodifyingthevaluesinyellowshadedcellslocatedon
thefollowingworksheets/tabs:
1. PlantOperations
2. FinancialInputs
3. CommodityInputs
Inputvariablesavailableoneachoftheseworksheetsaredescribedinmoredetailbelow.
10
FeasibilityStudy
EconomicModels
ThefollowinginputvariableswhichcanbedefinedbytheuserarelocatedonthePlantOperations
tab:
1. DuctFiring(Yes/No):specifytheinclusionofductfiring(HeatRecoverySteamGenerator
[HRSG])usingthebuiltindropdownmenu.Ductfiringistypicallyusedtosupplementsteam
generationforrelativelyshortdurationsbyinjectingnaturalgasintotheexhaustpath.While
thisoptioncanboostproductionitresultsinreducedfuelconsumptionefficiency(tradeoff).
2. IncludeGasInterconnectionCosts(Yes/No):specifywhethertoincludethecoststoprovidethe
necessarynaturalgasinterconnectionand/orassociatedfacilities(compression)inthe
economicanalysis.Thisisselectedusingthebuiltindropdownmenu.Notethesecostscanbe
adjustedontheFinancialInputsworksheet.CurrentvaluesarespecifictotheBeecherFalls
studysiteandshouldberevisitedifevaluatinganalternativelocation.
3. OperatingMode(SimpleCycle/CombinedHeatandPower):usethebuiltindropdownmenu
toselecttheequipmentsoperatingmode.Thecapitalandoperatingcostsdifferdependingon
theoperatingmodeselected.
a. SimpleCycle:simplecycleoperationsdonotcapturethewasteheatenergyinexhaust
b. CombinedHeatandPower(CHP):Steamgeneratedwiththewasteheatisusedfor
industrialprocess,heatingorcooling.Collectively,thesethreeapplicationsarereferred
toasthethermalload.Infacilitieswherethethermalloadishighlyvariableductfiring
maybeusedtoincreasesteamproduction;orwhenthethermalloaddropsoffasmall
steamturbinegeneratorusedtoproduceadditionalelectricity.
4. FuelSales(mmBTU/yr):enterthe
volume(mmBTU/yr)ofnaturalgas
soldiffuelsalesareanticipatedasa
revenuesource.
5. OtherRevenue($1,000s/yr):
placeholderfor
additional/miscellaneousrevenues.
6. PlantAvailability(typicalhours/day):
usedtospecifythedemandforCHP
services.ForaCHPapplicationthis
wouldtypicallyfollowthehoursof
operation(shifts).Themodelissetup
toautomaticallycalculateannual
availability(capacityfactor)basedon
theselectedhoursofoperationfora
typicalweek.Refinementscanbe
madetoreflectweekdayand
weekendoperations.
11
FeasibilityStudy
EconomicModels
ThefollowinginputvariableswhichcanbedefinedbytheuserarelocatedontheFinancialInputstab:
2. GeneralEscalation:annualincreaseincostofgoods.Generallyreflectstheanticipatedrateof
inflation.Overthelast10+yearsescalationhasrangedfrom2%toover10%.Inrecentyears
escalationhasbeenintherangeof2%to2.5%.
12. EnergyEscalation:annualincreaseinthecostofenergy.IntheNortheast,wheretheprimary
sourcesofgenerationarenaturalgasplants,energycoststrackcloselywithnaturalgasprices.
Sincetheeconomicrecessionof2008energycostshavefallenfortworeasons1)aslowdownin
theeconomyreduceddemand,and2)insurgenceofdomesticnaturalgasproductionhas
createdasupplyglutreducinggascosts.
13. FuelEscalation:annualincreaseinthecostoffuel.Developmentofdomesticnaturalgasplays
(suchasthoseintheMarcellusShaleformation)havecreatedasupplyglutdrivingdownnatural
gascostsoverthepastfewyears.However,concernsoverpotentialenvironmentalimpacts
associatedwiththeextractionprocessincreaseuncertaintyoffuturegaspricing.
Noteenergyandfuelescalationisseparatedfromgeneralescalationtoallowgreaterflexibilityin
evaluatingscenarioswithdisparatecommodityescalations.
1. DiscountRate:theopportunitycostofthecapitalinvestedattheoutsetoftheprojectwhichis
notavailableforotherpurposes.Itcanbeconceptualizedasareverseinterestrate.
2. Grant:%ofcapitalcostswhichmaybeavailableasgrantstoreducetheinitialinvestment.
3. PercentDebt:percentageoftotalcapitalcostswhichwouldbefinanced.
4. InterestRate:interestpaidonfinancedportionofcapitalcosts.
5. Term:durationofthefinancingarrangement.
6. DepreciationTerm:someenergyprojectsareeligibleforspecialtaxdepreciationterms.The
durationofsuchprogramscanbeadjustedhere.
14. InvestmentTaxCredit(ITC):Federalincentiveprogramwhichcurrentlyallowsupto10%ofCHP
capitalcoststoberecoveredthroughaonetimetaxcredit.Theavailabilityandeligibilitycriteria
forthisFederalprogramareverydynamicandshouldbeverifiedpriortoevaluating
alternatives.
15. CombinedFed.+StateTaxRate:annualtaxburdenfortheproject,expressedasapercentage
ofcapitalcosts.
7. CommercialOperationDate:yeartheprojectisanticipatedtobecompleteandoperable.
Adjustingthisvaluewilladjusttheinitialcapitalandcommoditycostsaccordingtothedefined
escalationratesusedinthecashflowanalysis.
8. InsuranceRate:annualinsurancepremiumbasedon%ofinvestmentcoststocover.
9. NaturalGasInterconnectionCosts:capitalcoststoprovidenaturalgasinterconnectionand/or
associatedfacilities.FortheBeecherFallsmodelthenaturalgasinterconnectioncostestimate
wasprovidedbyNorthstarIndustries,Inc.andisspecifictothislocation.Thesecostsaresite
12
FeasibilityStudy
EconomicModels
specific.Ifthemodelisusedtoevaluatedifferentlocationsthenaturalgasinterconnectioncosts
shouldberevisited.
Instructions
Therefinedfeasibilitymodelcanbeusedtoevaluatethepotentialforaparticularnaturalgasrelated
projecttoprovideeconomicbenefits.Dataspecifictothepotentialprojectareenteredbytheuseron
thePlantOperations,FinancialInputsandCommodityInputsworksheets(asdescribedabove).
Usersarecautionedtoverifythatallinputdatareflecttheinvestmentandcommoditycoststructureas
accuratelyaspossible.
ResultsandInterpretationGuidance
Aftertheinputsettingsareupdatedtoreflectthespecificsoftheopportunitythemodelwill
automaticallygenerateindicatorsoftheprojectseconomics.Thefollowingprovidesguidanceon
interpretingmodelresultsprovidedontheExecutiveSummaryand/ortheDetailedSummarytabs
oftheworkbook.
ExecutiveSummaryTabResults
3. No.(Number):numericalidentifierforeachalternative.
4. Alternative:briefdescriptionofthealternativebasedontheselectedequipmentpackage.
5. InstalledCapacity(MW):netinstalledelectricalcapacityofthealternative.
6. NetGeneration(MWH):estimateofnetannualelectricalproductionbasedontheselected
inputparameters(availability,etc.).
7. AsRunHeatRate(yr1):measureoftheamountofheatrequiredtogenerateonekilowattof
electricity.Thiscanbethoughtofasfuelefficiencyforpowerplants.Heatratedegradation
occursasafunctionofrunhoursandinformstherequirementsforoverhauls.Heatrate
degradationisactuallyanincreaseintheheatrateaccountingforlossesinfuelconversion
efficiencyfromnormalwearandtearresultingintherequirementforadditionalfuelandheatto
producethesameamountofenergy.
8. OperatingMode:indicatestheselectedplantOperatingMode(SimpleCycleorCombinedHeat
andPower).
9. TotalEstimatedCosts($1,000s):estimatedinitialinvestmenttodeveloptheproject.Costs
includeprovisionsforengineering,design,permitting,equipmentprocurement,construction,&
startup.
10. InstalledCostsElectrical($/kw):estimatedinitialinvestmentcoststodeveloptheprojectona
dollarperunitofinstalledelectricalgeneratingcapacity.
11. CapacityFactor:%oftimeonanannualbasisthatthealternativeisoperatingatitsfullinstalled
capacity.
12. RunningCostsElectrical($/kwh):theprojectscosttoproduceonekwhofelectricalenergy.
Thismetricisusefulincomparingthepotentialbenefitsofselfgenerationwithpurchasing
energyfromthegrid.
13. RunningCostSteam($/ton):theprojectscosttoproduceonetonofsteamenergy.
13
FeasibilityStudy
EconomicModels
14. IRRInternalRateofReturn(IRR):isusedtomeasureandcomparetheprofitabilityof
projects.TheIRRonaninvestmentorprojectisthediscountratethatmakestheNPVofallcash
flowsfromaparticularprojectequaltozero.WhentheIRRisgreaterthanthediscountratethe
projectisanticipatedtoproduceeconomicbenefits.
15. CumulativeNPV(NetPresentValue)($1,000s):ameasureofhowmuchvalueaninvestment
providestotheinvestor.CumulativeNPVrepresentsthecurrentworthofafuturesumof
moneyorstreamofcashflowsgivenaspecifiedrateofreturn.Futurecashflowsarediscounted
atthediscountrate.Generally,thehigherthediscountrate,thelowerthepresentvalueofthe
futurecashflows.NPVisdifferentfromIRR,becauseNPVcalculationsusediscountedcashflow
toquantify,intoday'sdollarterms,theprojectednetgainfromtheprojectinnetdollarterms.
DetailedSummaryTabResults
ThefollowingresultsareprovidedontheDetailedSummarytabinadditiontothosenotedaboveforthe
ExecutiveSummarytab.Thedetailedsummaryprovidestheuserwithaquickreferenceofkeyinput
settingsaswellassummarizingtheresultsoftheanalysis.Toavoidduplicationonlythoseresultfields
whicharenotdescribedfortheExecutiveSummaryareoutlinedbelow.
1. DuctFiring:indicatestheuserselectedsetting(onthePlantOperationstab)regardingthe
provisionofductfiring.
2. IncludeGasInterconnectionCosts:indicatestheuserselectedsettingonwhetherornotto
includethegasinterconnectioncostsintheeconomicanalysis.Thecurrentvalue($2M)
representstheestimatedcostofinterconnectiontotheBeecherFallsstudysite.Ifanothersite
isbeingevaluatedthisestimatewillneedtoberevisited.
3. FuelSales(mmBTU):annualvolumeofnaturalgasresoldbytheproject.Avalueinthiscell
indicatesthatnaturalgasfuelwillbesoldbytheprojecttoathirdparty.
4. OtherRevenue($1,000s/yr):indicatestheannualvalueofnongenerationrelatedrevenues.
Thisfieldwascreatedasaplaceholderintheeventthatanadditionalrevenuestreamis
available.
5. PlantAvailabilityDaysoftheWeek,RunHours/Year&CapacityFactor:indicatestheuser
selectedsettingsforplantavailability.Thedataaredisplayedasfollows:
a. DaysoftheWeek:typicaloperationsschedulebrokendownbydaysoftheweek.
b. RunHours/Yr:extrapolatedhoursperyearoperationsbasedonuserselecteddaysof
theweeksettings.
c. CapacityFactor:annual%oftimetheplantisoperatingatcapacity.
6. FuelConsumption(mmBTU/yr):annualvolumeoffuelconsumedbytheprojecttomeetthe
specifiedplantoperationscriteria.Thisvaluedoesnotincludefuelpurchasedforretail
purposes.
7. FinancialInputSettings:summaryofadjustablefinancialvariablesusedintheeconomic
analysis.
8. CommodityInputSettings:summaryofadjustablecommodityvariablesusedintheeconomic
analysis.
14
FeasibilityStudy
EconomicModels
9. CommodityPricingForwardOutlook(graph):graphicalrepresentationofthetrendin
commoditypricingoutlookoverthestudyperiodbasedontheuserspecifiedstartingvalueand
associatedescalationrates.
InterpretationGuidance
Interpretationofmodelingresultsrequiresaworkingknowledgeoftheeconomicperformancemetrics
andfactorswhichinfluencethem.Typically,theIRRandNPVareusedashighlevelindicatorsofthe
potentialvalueoftheinvestmenttakinginvestment,operations,revenuesandfinancingintoaccount.
However,whenconsideringthepotentialbenefitsofaCHPapplicationotherfactors,suchasthecostto
produceenergy,needtobeconsidered.Forexample,ifacustomercanpurchaseenergyfromthegridat
alowercostthanselfproducing,theimpetusfortheinvestmentbecomeslessobvious.Insome
instancescorporatebrandingorotherlesstangiblefactorsmaybethedriversoftheinvestment
decision.Ultimately,thedecisionwillbebasedontheinvestmentprofileandtoleranceforriskofthe
potentialcustomer.
Ingeneral,projectswhichareestimatedtoproduceanIRRgreaterthanorequaltothespecified
discountrateareconsideredtoprovideeconomicbenefits.Bydefinition(Investopedia),theIRRis
thediscountratethatmakestheNPVofallcashflowsfromaparticularprojectequaltozero.Whenthe
IRRisgreaterthanthediscountratetheprojectisanticipatedtoproduceeconomicbenefits.
Conceptually,IRRistherateofgrowthaprojectisexpectedtogenerate.Whiletheactualrateofreturn
thatagivenprojectendsupgeneratingwilloftendifferfromitsestimatedIRRrate,aprojectwitha
substantiallyhigherIRRvaluethanotheravailableoptionswouldstillprovideamuchbetterchanceof
stronggrowth.
Therearesomenuancestointerpretingtheseresultsandindicatorswhichshouldbeconsideredinthe
contextoftheproponentsinvestmentprofile.Thefollowingexamplesillustratetheevolutionofthe
NPVforthreehypotheticalprojects,eachwiththesameIRR(15%)butcumulativeNPVsrangingfrom
$5Mto$20M.Eachisdiscussedinmoredetailbelow.
15
FeasibilityStudy
EconomicModels
Ex.1:IRR=15%,CumulativeNPV=$20M
Explanation:Theexampleaboveillustrateshowaprojectwithan18yearpaybackperiod(whenthe
NPVbecomespositive)canstillhavearelativelyhighcumulativeNPV.Thistypeofresultmayreflect
specificsofthefinancingstructure,anticipatedtrendsincommoditypricesorotherfactorswhich
influenceoverallprojectcashposition.Inthissituationtheinvestorisrequiredtoassumetheriskthat
thefactorswhichareanticipatedtodrivepositiveNPVwillcometofruition.Inasituationwherefuture
commoditypricing(whichishighlyvolatile)isidentifiedastheprimarydriverofvaluethisriskneedsto
becarefullyevaluated.
16
FeasibilityStudy
EconomicModels
Explanation:Comparingtheexampleabovewithexample1,thereisthepotentialforatradeoffin
cumulativeNPVtorealizeashorterpaybackperiod.Notethatthemaximumpenaltyforthisexampleis
approximately$10Minyear8ofthestudyperiod,asopposedtoa$12Mpenaltyinyear13ofexample
1.AsdiscussedinExample1explanation,thereareseveralfactorswhichcaninfluencetheshapeofthe
NPVcurve.
17
FeasibilityStudy
EconomicModels
Explanation:Theexampleaboveillustratesasituationwheretheinvestorwouldassumerelativelyless
riskthanthatrequiredinexamples1&2(maximumpenaltyof$5Minyear3ofthestudy).Thetradeoff
isthatthecumulativeNPVis$5M,incomparisonto$20Mor$12Masillustratedinexamples1&2,
respectively.
18
SCREENING TOOL
ScreeningTool
Input/Summary
BaseCase
Alternative
InitialSettings
Description/Notes
InvestmentData
PerformanceProjections
InitialInvestment(2012$1,000's)
Year
Cumulative
NPV($1,000's)
IRR
Engineering&Permitting
100
2013
(1,575)
#NUM!
SiteDevelopment
200
2015
(1,083)
29%
ElectricalPlant
2000
2017
(638)
6%
ThermalPlant
300
2022
292
11%
GasFacilities
2000
2027
1,001
16%
Interconnection
100
2032
1,530
17%
2042
2,754
18%
Units
Quantity
Yr1Rate/
Amount
$1,000's
700
Other
Grants(subtractedfromtotal)
100
TotalInitialInvestment
4,600
AnnualData
Item
O&M(includinglabor)
PropertyTaxes(default,1%ofinitialinvestment)
1.0%
Insurance(default,0.5%ofinitialinvestment)
0.5%
Other
$1,000's
50
Naturalgaspurchases,deliveredprice
mmBTU
225,000
7.00
Cost of other commodities purchased, delivered price

Costofothercommoditiespurchased,deliveredprice
User Defined
UserDefined
1,000
1.00
Electricitysold
MWH
12,000
100.00
Steamsold
Tons
13,000
7.50
Hotwatersold
Tons
500,000
1.00
mmBTU
100,000
12.00
UserDefined
1,000
2.00
Naturalgassold
Othercommoditysold
CumulativeNetPresentValue
3,000
2,000
$1,000's
1,000
0
0
10
15
20
25
30
(1,000)
(2,000)
(3,000)
Year
CumNPV
ForPlanningPurposesOnly
NCICScreeningTool_32212.xlsx
ScreeningTool
FinancialInputs
EnterDataONLYinYellowShadedCells
FinancialVariables
No.
Item
1
GeneralEscalation
2
EnergyEscalation
3
FuelEscalation
4
DiscountRate
5
Grant
6
PercentDebt
7
InterestRate
8
Term(Yrs)
9
DepreciationTerm
10
InvestmentTaxCredit
11
CombinedFed+StateTaxRate
12
CommercialOperationDate
Name
gex
eex
fex
drx
grt
pdx
irx
ter
dep
itc
itx
cod
Value
2.5%
2.5%
2.5%
8.0%
10%
50%
10.0%
20
20
10%
40%
2012
Comments/Instructions
Allowance
Allowance
Allowance
Presentvalueoffuturecashflows;conceptually=InterestRateinReverse
Allowance
Allowance
Allowance
Allowance
AllowanceOtheroptionsmaybeavailable(i.e.,MACRES)
Eligibility,efficiency&Inservicedeadlinecriteriaapply.
Allowance
Enteranticipatedyearofneedtoescalatecost&revenueestimates
Notes/Instructions:
1 FinancialvariableinputsareusedtodefinethefinancialenvironmentinYear0ofthemodelstudy.
ScreeningTool
StudyYear
CalendarYear
0
2012
1
2013
2
2014
3
2015
4
2016
5
2017
6
2018
7
2019
8
2020
9
2021
CashflowAnalysis
10
2022
11
2023
12
2024
13
2025
14
2026
15
2027
BaseCase
No
1
a
b
c
d
e
f
g
h
2
a
b
c
d
e
f
g
3
a
b
c
4
a
b
c
d
e
5
a
b
c
d
6
InitialSettings
Item
Costs($1,000's)
InitialInvestment
O&M
OtherO&M
GasFuelPurchased
OtherCommodityPurchased
PropertyTaxes
Insurance
4,600
700
50
1,575
1
23
46
718
51
1,614
1
23
47
2,454
735
53
1,655
1
23
48
2,515
754
54
1,696
1
23
50
2,577
773
55
1,739
1
23
51
2,641
792
57
1,782
1
23
52
2,707
812
58
1,827
1
23
53
2,774
832
59
1,872
1
23
55
2,843
853
61
1,919
1
23
56
2,913
874
62
1,967
1
23
57
2,985
896
64
2,016
1
23
59
3,059
918
66
2,067
1
23
60
3,135
941
67
2,118
1
23
62
3,213
965
69
2,171
1
23
63
3,293
989
71
2,225
1
23
65
3,375
1,014
72
2,281
1
23
67
3,458
1,230
100
513
1,230
2
1,261
102
525
1,261
2
1,292
105
538
1,292
2
1,325
108
552
1,325
2
1,358
110
566
1,358
2
1,392
113
580
1,392
2
1,426
116
594
1,426
2
1,462
119
609
1,462
2
1,499
122
624
1,499
2
1,536
125
640
1,536
3
1,575
128
656
1,575
3
1,614
131
672
1,614
3
1,654
134
689
1,654
3
1,696
138
706
1,696
3
1,738
141
724
1,738
3
3,074
3,151
3,230
3,311
3,394
3,479
3,565
3,655
3,746
3,840
3,936
4,034
4,135
4,238
4,344
40
230
270
44
226
270
49
222
270
53
217
270
59
211
270
65
205
270
71
199
270
78
192
270
86
184
270
95
175
270
104
166
270
115
156
270
126
144
270
139
132
270
152
118
270
TaxableIncome
Fed&StateTaxes
620
(230)
(230)
160
64
636
(226)
(230)
180
72
653
(222)
(230)
201
80
670
(217)
(230)
223
89
687
(211)
(230)
246
98
705
(205)
(230)
269
108
723
(199)
(230)
294
118
742
(192)
(230)
320
128
761
(184)
(230)
347
139
780
(175)
(230)
375
150
800
(166)
(230)
404
162
821
(156)
(230)
435
174
842
(144)
(230)
468
187
864
(132)
(230)
502
201
886
(118)
(230)
538
215
CashFlows($1,000's)
Cash,PreTax,PreDebt
Fed&StateIncomeTax
DebtService
CashafterTaxes&Debt
620
(64)
(270)
286
636
(72)
(270)
294
653
(80)
(270)
302
670
(89)
(270)
310
687
(98)
(270)
319
705
(108)
(270)
327
723
(118)
(270)
335
742
(128)
(270)
344
761
(139)
(270)
352
780
(150)
(270)
360
800
(162)
(270)
368
821
(174)
(270)
377
842
(187)
(270)
385
864
(201)
(270)
393
886
(215)
(270)
400
TotalCost
Revenues($1,000's)
ElectrictySales
SteamSales
HotWaterSales
NaturalGasSales
OtherSales
Placeholder
1,200
98
500
1,200
2
TotalRevenues
DebtService
Principal
Interest
2,300
TotalDebtService
Taxes($1,000's)
Cash,PreTax,PreDebt
InterestPayment
Depreciation
DebtCoverageRatio
7
a
b
c
d
e
f
g
FinancialCalculations($1,000's)
InvestmentTaxCredits
Equity
Residual
CashafterTaxes&Debt
NPV
CumNPV
IRR
2.1
2.1
2.1
2.1
2.2
2.2
2.2
2.3
2.3
2.3
2.4
2.4
2.4
2.5
2.5
460
2,300
(1,840)
(1,840)
(1,840)
18%
286
265
(1,575)
#NUM!
294
252
(1,323)
#NUM!
302
240
(1,083)
29%
310
228
(855)
15%
319
217
(638)
6%
327
206
(432)
0%
335
196
(237)
4%
344
186
(51)
7%
352
176
125
10%
360
167
292
11%
368
158
450
13%
377
150
599
14%
385
141
741
14%
393
134
874
15%
400
126
1,001
16%
ScreeningTool
StudyYear
CalendarYear
16
2028
17
2029
18
2030
19
2031
20
2032
21
2033
22
2034
23
2035
24
2036
CashflowAnalysis
25
2037
26
2038
27
2039
28
2040
29
2041
30
2042
BaseCase
No
1
a
b
c
d
e
f
g
h
2
a
b
c
d
e
f
g
3
a
b
c
4
a
b
c
d
e
5
a
b
c
d
6
InitialSettings
Item
Costs($1,000's)
InitialInvestment
O&M
OtherO&M
GasFuelPurchased
OtherCommodityPurchased
PropertyTaxes
Insurance
1,039
74
2,338
1
23
68
3,544
1,065
76
2,397
2
23
70
3,632
1,092
78
2,456
2
23
72
3,723
1,119
80
2,518
2
23
74
3,815
1,147
82
2,581
2
23
75
3,910
1,176
84
2,645
2
23
77
4,007
1,205
86
2,711
2
23
79
4,107
1,235
88
2,779
2
23
81
4,209
1,266
90
2,849
2
23
83
4,313
1,298
93
2,920
2
23
85
4,421
1,330
95
2,993
2
23
87
4,530
1,363
97
3,068
2
23
90
4,643
1,398
100
3,144
2
23
92
4,759
1,432
102
3,223
2
23
94
4,877
1,468
105
3,304
2
23
96
4,998
1,781
145
742
1,781
3
1,826
148
761
1,826
3
1,872
152
780
1,872
3
1,918
156
799
1,918
3
1,966
160
819
1,966
3
2,015
164
840
2,015
3
2,066
168
861
2,066
3
2,118
172
882
2,118
4
2,170
176
904
2,170
4
2,225
181
927
2,225
4
2,280
185
950
2,280
4
2,337
190
974
2,337
4
2,396
195
998
2,396
4
2,456
200
1,023
2,456
4
2,517
205
1,049
2,517
4
TotalRevenues
4,453
4,564
4,678
4,795
4,915
5,038
5,164
5,293
5,425
5,561
5,700
5,842
5,988
6,138
6,292
TotalDebtService
168
102
270
185
86
270
203
67
270
223
47
270
246
25
270
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
TaxableIncome
Fed&StateTaxes
909
(102)
(230)
576
230
932
(86)
(230)
616
246
956
(67)
(230)
659
263
980
(47)
(230)
703
281
1,005
(25)
(230)
751
300
1,031
0
0
1,031
412
1,057
0
0
1,057
423
1,084
0
0
1,084
434
1,112
0
0
1,112
445
1,140
0
0
1,140
456
1,169
0
0
1,169
468
1,199
0
0
1,199
480
1,230
0
0
1,230
492
1,261
0
0
1,261
504
1,293
0
0
1,293
517
CashFlows($1,000's)
Cash,PreTax,PreDebt
Fed&StateIncomeTax
DebtService
CashafterTaxes&Debt
909
(230)
(270)
408
932
(246)
(270)
415
956
(263)
(270)
422
980
(281)
(270)
429
1,005
(300)
(270)
435
1,031
(412)
0
619
1,057
(423)
0
634
1,084
(434)
0
651
1,112
(445)
0
667
1,140
(456)
0
684
1,169
(468)
0
702
1,199
(480)
0
720
1,230
(492)
0
738
1,261
(504)
0
757
1,293
(517)
0
776
TotalCost
Revenues($1,000's)
ElectrictySales
SteamSales
HotWaterSales
NaturalGasSales
OtherSales
Placeholder
DebtService
Principal
Interest
Taxes($1,000's)
Cash,PreTax,PreDebt
InterestPayment
Depreciation
DebtCoverageRatio
7
a
b
c
d
e
f
g
Equity
Residual
CashafterTaxes&Debt
NPV
CumNPV
IRR
2.5
408
119
1,120
16%
2.5
415
112
1,232
16%
2.6
422
106
1,337
17%
2.6
429
99
1,437
17%
2.6
435
93
1,530
17%
NA
619
123
1,653
17%
NA
634
117
1,770
17%
NA
651
111
1,880
18%
NA
NA
667
105
1,986
18%
684
100
2,086
18%
NA
702
95
2,180
18%
NA
720
90
2,270
18%
NA
738
86
2,356
18%
NA
757
81
2,437
18%
NA
2,412
3,188
317
2,754
18%
ScreeningTool
No Item
1
NatGasCosts($/mm/BTU)
2
RetailEnergy($/MWH)
3
SteamSold($/Ton)
4
HotWaterSold($/Ton)
5
NatGasSales($/mmBtu)
6
OtherCommodityCosts($/Unit)
7
OtherCommoditySales($/Unit)
1
2012
2
2013
7.00
100.00
7.50
1.00
12.00
1.00
2.00
3
2014
7.18
102.50
7.69
1.03
12.30
1.03
2.05
7.35
105.06
7.88
1.05
12.61
1.05
2.10
4
2015
5
2016
7.54
107.69
8.08
1.08
12.92
1.08
2.15
7.73
110.38
8.28
1.10
13.25
1.10
2.21
6
2017
7.92
113.14
8.49
1.13
13.58
1.13
2.26
7
2018
8.12
115.97
8.70
1.16
13.92
1.16
2.32
8
2019
8.32
118.87
8.92
1.19
14.26
1.19
2.38
9
2020
8.53
121.84
9.14
1.22
14.62
1.22
2.44
10
2021
8.74
124.89
9.37
1.25
14.99
1.25
2.50
11
2022
12
2023
8.96
128.01
9.60
1.28
15.36
1.28
2.56
9.18
131.21
9.84
1.31
15.75
1.31
2.62
13
2024
14
2025
9.41
134.49
10.09
1.34
16.14
1.34
2.69
9.65
137.85
10.34
1.38
16.54
1.38
2.76
15
2026
9.89
141.30
10.60
1.41
16.96
1.41
2.83
RetailEnergy($/MWH)
gy ($/
)
250.00
200.00
$/MWH
StudyYear
CalendarYear
ForwardPricing
150.00
100.00
50.00
0.00
1
11
16
21
26
31
Year
RetailEnergy($/MWH)
ScreeningTool
No Item
1
2
RetailEnergy($/MWH)
3
SteamSold($/Ton)
4
HotWaterSold($/Ton)
5
6
7
16
2027
10.14
144.83
10.86
1.45
17.38
1.45
2.90
17
2028
10.39
148.45
11.13
1.48
17.81
1.48
2.97
18
2029
10.65
152.16
11.41
1.52
18.26
1.52
3.04
19
2030
20
2031
10.92
155.97
11.70
1.56
18.72
1.56
3.12
11.19
159.87
11.99
1.60
19.18
1.60
3.20
21
2032
22
2033
11.47
163.86
12.29
1.64
19.66
1.64
3.28
23
2034
11.76
167.96
12.60
1.68
20.15
1.68
3.36
24
2035
12.05
172.16
12.91
1.72
20.66
1.72
3.44
12.35
176.46
13.23
1.76
21.18
1.76
3.53
25
2036
12.66
180.87
13.57
1.81
21.70
1.81
3.62
26
2037
27
2038
12.98
185.39
13.90
1.85
22.25
1.85
3.71
13.30
190.03
14.25
1.90
22.80
1.90
3.80
28
2039
29
2040
13.63
194.78
14.61
1.95
23.37
1.95
3.90
30
2041
13.98
199.65
14.97
2.00
23.96
2.00
3.99
14.32
204.64
15.35
2.05
24.56
2.05
4.09
31
2042
14.68
209.76
15.73
2.10
25.17
2.10
4.20
Retail NonEnergy
Commodities ($/Unit)
RetailNon
EnergyCommodities($/Unit)
30.00
25.00
20.00
$/Unit
StudyYear
CalendarYear
ForwardPricing
15.00
10.00
5.00
0.00
1
11
16
21
26
31
Year
SteamSold($/Ton)
HotWaterSold($/Ton)
ECONOMIC FEASIBILITY MODEL
Beecher Falls Energy Park
Economic Feasibility Model
Use & Limitations
PLEASEREADINSTRUCTIONSFORUSE&LIMITATIONS
ThisscreeningtoolhasbeendevelopedtoprovidehighlevelassessmentofthepotentialbenefitsofagasfiredCombinedHeatandPower(CHP)facility.
TypicallyCHPfacilitiesaresizedtomeettheenergyprofileofaspecifichost.Thistoolisintendedtobackcalculatetheenergyprofilenecessarytoprovide
thedesiredbenefitstoanunidentified/potentialhost.Conceptually,theresultsofthetoolcouldbeusedtodefinehostcriteriawhichwouldinformefforts
toattractahost(orhosts)thatsatisfythefeasibilitythresholds.
Planningleveldatawereusedtodevelopthetool.Theresultsarenotintendedtobeusedtomakeinvestmentdecisions.
User'softhistoolmaymodifycertainkeyfinancialinputsusingtheyellowcellsonthegreentabs.The"ExecutiveSummary"tabprovidesasummaryof
modelresultsonly.The"DetailedSummary"tabprovidesamorecomprehensivesummaryofmodelinputassumptionsandresults.Bothsummarytabs
havebeenformattedtobe"printready".
Alloftheformulascontainedinthisfilehavebeenprotectedtohelppreventunintendedmodificationsandpotentiallymisleadingorinaccurateresults.
Protectedworksheetsareidentifiedbyredtabs.
Additionalinformationonmodeldevelopmentandproperusecanbeobtainedbycontacting:
TheEssexPartnership,LLC
8605818111
4016194872
www.essexpartnership.com
NCIC_EconomicFeasibilityModel_32212.xlsx
Executive and Detailed Summaries
No.
Alternative
Installed
Capacity
(MW)
NetGeneration
(MWH)
AsRunHeat
Rate
(yr1)
OperatingMode
Total
EstimatedCosts
($1,000's)
2.1
10.3
4.5
13.5
5.5
16.5
7.7
15.5
14.5
18,001
53,574
39,313
77,221
48,204
110,180
67,834
80,754
63,375
10,537
10,523
9,999
9,987
12,234
12,243
11,269
11,253
10,962
CombinedHeatandPower
SimpleCycle
SimpleCycle
SimpleCycle
SimpleCycle
SimpleCycle
SimpleCycle
SimpleCycle
SimpleCycle
6,106
17,430
11,726
26,457
10,675
22,931
12,568
20,602
16,155
1
2
3
4
5
6
7
8
9
(1)CaterpillarG3520
(5)CaterpillarG3520
(1)SolarMercury50
(3)SolarMercury50
(1)SolarTaurus60
(3)SolarTaurus60
(1)SolarTaurus70
(2)SolarTaurus70
(1)SolarTitanT130
Executive Summary
8
Installed
Costs
Electrical
($/kW)
2,971
1,696
2,613
1,965
1,940
1,389
1,623
1,330
1,116
9
Capacity
Factor
10
Running
Cost
Eletrical
(/kWH)
100%
60%
100%
65%
100%
76%
100%
60%
50%
7.2
7.2
6.9
6.9
8.3
8.3
7.7
7.7
7.5
11
12
13
RunningCost
Steam($/Ton)
IRR
Cumulative
NPV
($1,000s)
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
#DIV/0!
9%
#DIV/0!
9%
#DIV/0!
9%
10%
9%
8%
(8,246)
837
(5,903)
825
(14,952)
1,315
1,306
939
29
Notes:
1 NetElectricalOutputisatISOconditions.
2 NetElectricalOutputforthecombustionturbineoptionsatsummerconditionswillbeapproximately10%lower.
3 Equipmentpricesandperformancebasedonindicativevendorquotes.
4 Costestimatesforsitework,auxiliaryelectrical,auxiliarymechanicalandadministrationarebasedonrecentexperienceforsimilarprojects.
5 Costestimatesinclude:5%contigencyontheEngine/Generator;20%contingencyonthebalanceofplant(BOP)andsitework;anda15%allowanceforAFUDC.
6 Costestimatesincludea$400,000allowanceforpermitting,basedonrecentexperiencewithsimilarprojectsinVermont.
7 Costoflandacquisition,gaspipelineinterconnection,meteringorcompression/pressurereductionfacilitiesarenotincluded.
8 AnnualrunhoursdeterminedbyuserinputslocatedonthePlantOperationstab.
9 FixedO&Mcostsincludeprovisionsforlaborassociatedwithplantoperations;thesecostsareadjustedbasedonuserspecifiedplantavailability(runhours).
10 VariableO&Mincludescostofconsumables,minorandmajormaintenanceoverhauls.
11 CategoriesforFixedandVariableO&M$/kWhfor"Simple"and"CombinedCycle"reflecttherelativeO&Mcomplexityofeachtechnology.
12 Caterpillarsteam@20psig;allotheroptionsat150psig.
13 Steamproductioncostsrepresenttheincrementalcostoftheheatrecoverysystemandavariablecostcomponentforconsummablesequivalentto1/2 /kWH.
Detailed Summary
NotetoUsers: Thissheetprovidesasnapshotofkeymodelinputsandresults.Thevaluesonthistabautomaticallyupdatebasedonselectionsmadeonspecificedinputtabs.Itisintendedtoprovideadetailedsummaryofthemodelingassumptionsandassociatedresults.
Itisnotdesignedforadjustingmodelinputs.
PlantRunHours(typicalhrs/day)
PlantOperationsSettings
(1)CaterpillarG3520
(5)CaterpillarG3520
(1)SolarMercury50
(3)SolarMercury50
(1)SolarTaurus60
(3)SolarTaurus60
(1)SolarTaurus70
(2)SolarTaurus70
(1)SolarTitanT130
FinancialInputSettings
No. Item
1 GeneralEscalation
2 EnergyEscalation
3 FuelEscalation
4 DiscountRate
5 Grant
6 PercentDebt
7 InterestRate
8 Term(Yrs)
9 DepreciationTerm
10 InvestmentTaxCredit
11 CombinedFed+StateTaxRate
12 PropertyTaxRate(%ofInvest.Cost)
13 CommercialOperationDate
14 InsuranceRate(%ofInvest.Cost)
CommodityInputSettings
No. Item
1 Gas($/mmBtu)
2 Energy($/MWH)
3 AvoidedDistribution($/MWH)
4 FCM($/kWYr)
5 Credits/RECs($/MWH)
6 Steam($/Ton)
7 FuelSales($/mmBTU)
8 Other
9 LaborRatePlantMgr./Opr.($/hr)
10 LaborRatePlantOpr./Mech.($/hr)
11 LaborOverheadMultiplier(%)
12 Night&WeekendLaborRatePremium
OperatingMode
2.1
10.3
4.5
13.5
5.5
16.5
7.7
15.5
14.5
18,001
53,574
39,313
77,221
48,204
110,180
67,834
80,754
63,375
SimpleCycle
SimpleCycle
SimpleCycle
SimpleCycle
SimpleCycle
SimpleCycle
SimpleCycle
SimpleCycle
Value
2.5%
2.5%
2.5%
8.0%
10%
50%
5.0%
20
20
10%
40%
1.0%
2012
0.5%
Duct
Firing
IncludeGas
Interconnection
Costs
Total
Estimated
Costs
($1,000's)
No
No
No
No
No
No
No
No
No
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
No
6,106
17,430
11,726
26,457
10,675
22,931
12,568
20,602
16,155
Comments
Allowance
Allowance
Allowance
Allowance
Allowance
Allowance
Allowance
Allowance
Eligibility,efficiency&Inservicedeadlinecriteriaapply.See
Allowance
Allowance
Allowance
Installed
Costs
Electrical
($/kW)
FuelSales
(mmBTU)
2,946
1,691
2,601
1,961
1,930
1,386
1,616
1,327
1,089
FuelConsumption(mmBTU/yr)
OtherRevenue
Mon
($1,000s/yr)
Tue
Wed
Thu
Fri
Sat
Sun
Run
Hours/Y
ear
24
12
24
16
24
24
24
12
8
24
16
24
16
24
16
24
16
8
24
16
24
16
24
16
24
16
12
24
16
24
16
24
16
24
16
16
24
16
24
16
24
16
24
16
16
24
16
24
16
24
16
24
16
16
8,760
5,214
8,760
5,735
8,760
6,674
8,760
5,214
4,380
24
8
24
14
24
24
24
8
8
Capacity
Factor
Generation
100%
60%
100%
65%
100%
76%
100%
60%
50%
189,681
563,735
393,072
189,681
189,681
189,681
189,681
189,681
189,681
DuctFiring
Total
189,681
563,735
393,072
189,681
189,681
189,681
189,681
189,681
189,681
Running
Cost
Eletrical
(/kWH)
Running
Cost
Steam
($/Ton)
7.2
7.2
6.9
6.9
8.3
8.3
7.7
7.7
7.5
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
IRR
Cumulative
NPV
($1,000s)
#DIV/0!
9%
#DIV/0!
9%
#DIV/0!
9%
10%
9%
8%
(8,246)
837
(5,903)
825
(14,952)
1,315
1,306
939
29
CommodityPricing ForwardOutlook
160
14
140
12
120
10
100
8
80
6
60
$/mmBTU(gasonly)
1
2
3
4
5
6
7
8
9
Alternative
Net
Generation
(MWH)
$'s/MWH
($/kWyr,FCMonly)
No.
Installed
Capacity
(MW)
Note:ChartwillupdatebasedonvaluesonCommodityInputstab
Value
6.00
70
30
24.00
0
7.50
8.00
0.00
40
30
1.4
1.2
Comments
Enteryear1forwardpricingvalue
Laborcostsforplantoperations
Laborcostsforplantoperations(CC&Add'lShifts)
Laboroverheadmultiplier
Shiftworkpremium
4
40
20
0
2012
0
2017
2022
2027
2032
2037
2042
CalendarYear
Energy($/MWH)
AvoidedDistribution($/MWH)
FCM($/kWYr)
Credits/RECs($/MWH)
Steam($/Ton)
RetailFuelSales($/mmBtu)
Other
Gas($/mmBtu)
User Defined Input Tabs:
Plant Operations
Financial Inputs
Commodity Inputs
Plant Operations
1
10
11
12
No.
Alternative
Installed
Capacity
(MW)
NetGeneration
(MWH)
Duct
Firing
IncludeGas
Interconn.Cost
OperatingMode
Total
Estimated
Costs
($1,000's)
Installed
Costs
Electrical
($/kW)
FuelSales
(mmBTU)
OtherRevenue
($1,000s/yr)
Mon
Tue
Wed
Thu
Fri
2.1
10.3
4.5
13.5
5.5
16.5
7.7
15.5
14.5
18,001
53,574
39,313
77,221
48,204
110,180
67,834
80,754
63,375
No
No
No
No
No
No
No
No
No
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
No
SimpleCycle
SimpleCycle
SimpleCycle
SimpleCycle
SimpleCycle
SimpleCycle
SimpleCycle
SimpleCycle
6,106
17,430
11,726
26,457
10,675
22,931
12,568
20,602
16,155
2,946
1,691
2,601
1,961
1,930
1,386
1,616
1,327
1,089
24
8
24
14
24
24
24
8
8
24
12
24
16
24
24
24
12
8
24
16
24
16
24
16
24
16
8
24
16
24
16
24
16
24
16
12
24
16
24
16
24
16
24
16
16
1
2
3
4
5
6
7
8
9
(1)CaterpillarG3520
(5)CaterpillarG3520
(1)SolarMercury50
(3)SolarMercury50
(1)SolarTaurus60
(3)SolarTaurus60
(1)SolarTaurus70
(2)SolarTaurus70
(1)SolarTitanT130
13
14
15
16
17
PlantAvailability(typicalhrs/day)
18
19
20
Sat
Sun
Run
Hours
/Year
Capacity
Factor
24
16
24
16
24
16
24
16
16
24
16
24
16
24
16
24
16
16
8,760
5,214
8,760
5,735
8,760
6,674
8,760
5,214
4,380
100%
60%
100%
65%
100%
76%
100%
60%
50%
Notes/Instructions:
1 Specifiyductfiringcapabiliites(Column5)
2 Includegasinterconnectioncostsinanalysis(Column6)
3 OperatingMode(Column7)isusedtospecifycombinedorsimplecycleoperations.
4 FuelSales(Column10)isusedtospecifypotentialrevenuesfromsaleofnaturalgasfuel.
5 OtherRevenue(Column11)isusedtospecifyadditionalprojectrevenues.
6 PlantAvailability(Columns1218)areusedtospecifythenumberofhourspertypicaldaythattheplantwouldbe
availabletosupportthehost.Theseentriesdrivetheannualavailabilityoftheplant(CapacityFactor)andareusedto
calculatethelaborcomponentofFixedO&M.
Financial Inputs
FinancialVariables
No.
Item
1
GeneralEscalation
2
EnergyEscalation
3
FuelEscalation
4
DiscountRate
5
Grant
6
PercentDebt
7
InterestRate
8
Term(Yrs)
9
DepreciationTerm
10
InvestmentTaxCredit
11
CombinedFed+StateTaxRate
12
PropertyTaxRate(%ofInvest.Cost)
13
CommercialOperationDate
14
InsuranceRate(%ofInvest.Cost)
15
NaturalGasInterconnectionCosts
Name
gex
eex
fex
drx
grt
pdx
irx
ter
dep
itc
itx
ptr
cod
ins
ngx
Value
2.5%
2.5%
2.5%
8.0%
10%
50%
5.0%
20
20
10%
40%
1.0%
2012
0.5%
2,060
Allowance
Allowance
Allowance
Presentvalueoffuturecashflows;conceptually=InterestRateinReverse
Allowance
Allowance
Allowance
Allowance
Eligibility,efficiency&Inservicedeadlinecriteriaapply.
Allowance
Allowance
Allowance
$1,000s(2011)fromNorthStarIndustries(October2011)
Notes/Instructions:
1 FinancialvariableinputsareusedtodefinethefinancialenvironmentinYear0ofthemodelstudy.
Commodity Inputs
CommodityPricingVariables
No.
Item
1
Gas($/mmBtu)
2
Energy($/MWH)
3
4
FCM($/kWYr)
5
Credits/RECs($/MWH)
6
Steam($/Ton)
7
HotWater($/Ton)
FuelSales($/mmBTU)
8
9
Other
10
LaborRatePlantMgr./Opr.($/hr)
11
LaborRatePlantOpr./Mech.($/hr)
12
LaborOverheadMultiplier
Night&WeekendLaborRatePremium
13
Note:Chartwillupdatebasedonyear1commodityvaluesandescalationrates(definedonthistab)
Name
gas
ene
adx
fcm
rec
stm
hwt
fsl
oth
mgr
opr
ovr
prm
Value
6.00
70
30
24.00
0
7.50
0.50
8.00
0.00
40
30
1.4
1.2
Enteryear1forwardpricingvalue,$7.50ISAPLACEHOLDERVALUE
Enteryear1forwardpricingvalue,$0.50ISAPLACEHOLDERVALUE
Laborcostsforplantoperations
Laborcostsforplantoperations(CC&Add'lShifts)
Laboroverheadmultiplier
Shiftworkpremium
Notes/Instructions:
1 CommodityvariableinputsareusedtodefinemarketconditionsinYear0ofthemodelstudy.
CommodityPricing ForwardOutlook
160
14
140
12
120
100
8
80
6
60
$/mmBTU(gasonly)
$'s/MWH
($/kWyr,FCMonly)
10
4
40
2
20
0
2012
0
2017
2022
2027
CalendarYear
2032
2037
2042
Energy($/MWH)
FCM($/kWYr)
Credits/RECs($/MWH)
Steam($/Ton)
RetailFuelSales($/mmBtu)
Other
Gas($/mmBtu)
Equipment Performance Characteristics and Operations
ColumnNo.
No.
Alternative
No.of
Units
ParasiticLoad
Nominal
Electrical
Output(kW)
NetSummer
Capability(MW)
ExhaustHeat
NetWinter
MMBTU/hr
Capability(MW) NoDuctFiring@
ISO
Performance Characteristics
10
11
12
WaterJacket
WasteHeat
(MMBTU/hr)
Steamfrom
WasteHeat
(tons/hr)
Steam
DuctFiring
(tons/hr)
TotalSteam
(tons/hr)
HotWater
182F
fromWaste
Heat
(tons/hr)
GrossPlant
HeatRate
Btu/kWH
HHV
13
14
DuctFiringfuel
Electrical
Consump
HeatRate
MMBTU/hr
Btu/kWHHHV
15
16
17
HeatRate
Degradation
Hours
of
Operation
per
Year
Variable
O&M
($/MWH)
SimpleCycle
(1)CaterpillarG3520
3%
2,055
1,993
2,055
4.3
2.2
2.3
0.0
2.3
89
4,644
10,491
3%
8,760
5.00
(5)CaterpillarG3520
3%
10,275
9,967
10,275
21.4
11.2
11.6
0.0
11.6
445
4,644
10,491
3%
5,214
5.00
(1)SolarMercury50
3%
4,488
3,700
5,000
15.6
N/A
6.7
0.0
6.7
N/A
4,521
37.7
9,955
3%
8,760
5.00
(3)SolarMercury50
3%
13,464
11,100
15,000
46.8
N/A
20.1
0.0
20.1
N/A
4,521
113.1
9,955
3%
5,735
5.00
(1)SolarTaurus60
3%
5,503
4,700
6,000
30.2
N/A
14.7
0.0
14.7
N/A
4,510
21.2
12,199
3%
8,760
5.00
(3)SolarTaurus60
3%
16,509
14,100
18,000
90.6
N/A
44.0
0.0
44.0
N/A
4,510
63.6
12,199
3%
6,674
5.00
(1)SolarTaurus70
3%
7,744
6,500
8,500
37.1
N/A
18.0
0.0
18.0
N/A
4,433
40.3
11,220
3%
8,760
5.00
(2)SolarTaurus70
3%
15,488
13,000
17,000
74.2
N/A
36.0
0.0
36.0
N/A
4,433
80.6
11,220
3%
5,214
5.00
(1)SolarTitanT130
3%
14,470
12,800
15,600
31.7
N/A
31.7
0.0
31.7
N/A
4,389
88.2
10,934
3%
4,380
5.00
Notes
1
2
3
4
5
6
7
8
9
10
11
NetElectricalOutputisatISOconditions.
NetElectricalOutputforthecombustionturbineoptionsatsummerconditionswillbeapproximately10%lower.
Equipmentpricesandperformancebasedonindicativevendorquotes.
Costoflandacquisition,gaspipelineinterconnection,meteringorcompression/pressurereductionfacilitiesarenotincluded.
AnnualrunhoursdeterminedbyuserinputslocatedonthePlantOperationstab.
FixedO&Mcostsincludeprovisionsforlaborassociatedwithplantoperations;thesecostsareadjustedbasedonuserspecifiedplantavailability(runhours).
VariableO&Mincludescostofconsumables,minorandmajormaintenanceoverhauls.
CategoriesforFixedandVariableO&M$/kWhfor"Simple"and"CombinedCycle"reflecttherelativeO&Mcomplexityofeachtechnology.
Caterpillarsteam@20psig;allotheroptionsat150psig.
EFHEquivalentFireHours.Runningtotalofhoursofequipmentoperation;usedtospecifytimingofequipmentmaintenanceoverhauls.
Start/StopPenalty(EFH)EFHproxyforequipmentdegradationinadditiontonormalwearandtearresultingfromintermittentoperation(i.e.,coldstarts).
ColumnNo.
No.
Alternative
Performance Characteristics
18
19
20
21
22
23
24
25
26
VariableO&M
($/MWH)
CombinedHeatand
Power(CHP)
FixedO&M
SC
(lesslabor)
FixedO&MSC
(laboronly)
TotalFixed
O&MSC
FixedO&M
CHP
(lesslabor)
FixedO&M
CHP
(laboronly)
TotalFixed
O&MCHP
Start/Stop
Penalty(EFH)
Overhaul
Interval
(EFH)
(1)CaterpillarG3520
7.50
174,500
451,942
626,442
234,500
663,354
897,854
60,000
(5)CaterpillarG3520
7.50
458,500
430,976
889,476
658,500
684,320
1,342,820
60,000
(1)SolarMercury50
7.50
183,500
451,942
635,442
243,500
707,034
950,534
60,000
(3)SolarMercury50
7.50
328,500
435,344
763,844
458,500
614,432
1,072,932
60,000
(1)SolarTaurus60
7.50
240,250
451,942
692,192
317,750
707,034
1,024,784
60,000
(3)SolarTaurus60
7.50
398,750
506,106
904,856
556,250
708,781
1,265,031
60,000
(1)SolarTaurus70
7.50
240,250
451,942
692,192
317,750
707,034
1,024,784
60,000
(2)SolarTaurus70
7.50
319,500
396,032
715,532
437,000
562,016
999,016
60,000
(1)SolarTitanT130
7.50
298,500
231,795
530,295
393,500
434,470
827,970
60,000
Notes
1
2
3
4
5
6
7
8
9
10
11
NetElectricalOutputisatISOcon
NetElectricalOutputforthecomb
Equipmentpricesandperformanc
Costoflandacquisition,gaspipel
Annualrunhoursdeterminedbyu
FixedO&Mcostsincludeprovisio
VariableO&Mincludescostofcon
CategoriesforFixedandVariable
Caterpillarsteam@20psig;allot
EFHEquivalentFireHours.Runn
Start/StopPenalty(EFH)EFHpro
Item
No.
1
FixedO&M
Solar
Titan
Description
Solar
Taurus
O&M
Solar
Mercury
Caterpillar
3516CHD
Notes
IndividualUnitCosts,SimpleCycle
a VendorAnnualInspections,PMs,calibr.
25,000
25,000
25,000
25,000
b
c
d
e
f
g
h
i
j
Subtotal,SimpleCycleCostsperUnit
20,000
25,000
5,000
2,000
1,500
1,000
5,000
3,000
87,500
15,000
25,000
3,000
1,500
1,000
750
5,000
3,000
79,250
10,000
25,000
2,000
1,000
1,000
500
5,000
3,000
72,500
10,000
25,000
2,000
1,000
0
0
5,000
3,000
71,000
AdditionalIndividualUnitCosts,CombinedHeatandPower
a HRSG
b MiscelaneousParts
c Inspections,Certification
d
Subtotal,ThermalCycleCostsperUnit
25,000
10,000
10,000
45,000
20,000
10,000
10,000
40,000
15,000
10,000
10,000
35,000
15,000
10,000
10,000
35,000
MiscelaneousParts
ANRAnnualEmissionsFees,TitleV
Oil.Lubes
WasteOilDisposal
DeminUse,Demurge,andRegen
WasteWaterDisposal
AnnualEmissionTesting
ElectricalTesting,Relays,Metering
SubtotalFixedO&MCost/Unit,CombinedHeatandPower
132,500
119,250
107,500
106,000
SharedPlantCosts,SimpleCycle
Powerhouse,utiities,maintenance
Securitysystems&Surveilance
Gorundsmaintenance
Balanceofplantmaintenace
GSU&switchyardmaint.&calibrations
Phone,IT
Miscmaterialsandsupplies
Vehicle
SubtotalSharedPlantCosts,SimpleCycle
100,000
25,000
20,000
30,000
15,000
5,000
1,000
15,000
211,000
75,000
20,000
15,000
20,000
10,000
5,000
1,000
15,000
161,000
50,000
15,000
10,000
10,000
5,000
5,000
1,000
15,000
111,000
50,000
10,000
7,500
10,000
5,000
5,000
1,000
15,000
103,500
AdditionalSharedPlantCosts,CombinedHeatandPower
a Additionalpowerhouse,utilties,maint.
b Watersupply&treatmentsystems
c
SubtotalSharedPlantCosts,ThermalCycle
25,000
25,000
50,000
18,750
18,750
37,500
12,500
12,500
25,000
12,500
12,500
25,000
261,000
198,500
136,000
128,500
448
448
784
784
448
616
784
952
448
616
784
952
448
784
616
1,120
PlantManager/Operator
PlantMgr+Operator/Mechanic
PlantMgr+Operator/Mechanics
SimpleCycle,OneUnit
SimpleCycle,MultipleUnits
CombinedCycle,OneUnit
CombinedCycle,MultipleUnits
50
76
101
101
50
76
76
101
50
76
76
101
50
101
76
126
PlantManager/Operator
PlantMgr+Operator/Mechanics
VariableO&MSimpleCycle,$/MWH
a MaintenaceOverhauls
b Consumables,SCRchemicals
c
SubtotalVariableO&MSimpleCycle,$/MWH
3.00
2.00
5.00
3.00
2.00
5.00
3.00
2.00
5.00
3.00
2.00
5.00
AdditionalVariableO&M(Consumables),CHP,$/MWH
SubtotalVariableO&MCombinedCycle,$/MWH
2.50
7.50
2.50
7.50
2.50
7.50
2.50
7.50
a
b
c
d
e
f
g
h
i
5
SubtotalSharedPlantCosts,CombinedHeatandPower
LaborCost,each1stshift,MonFri
a
b
c
d
SimpleCycle,OneUnit
SimpleCycle,MultipleUnits
CombinedCycle,OneUnit
CombinedCycle,MultipleUnits
AdditionalLaborCost,eachaddt'lhour,SunFri
a
b
c
d
Var.O&M
10
a
FixedO&MLaborComponentBreakdown
O&M
Laborcostsaredeterminedbytheuserdefinedoperatingmodeanddailyrunhours(PlantOperationstab)andarebasedonuserdefinedlaborandoverheadcostassumptions
(Commoditiestab).
Alternative&OperatingMode
1
2
3
4
5
6
7
8
9
(1)CaterpillarG3520
(5)CaterpillarG3520
(1)SolarMercury50
(3)SolarMercury50
(1)SolarTaurus60
(3)SolarTaurus60
(1)SolarTaurus70
(2)SolarTaurus70
(1)SolarTitanT130
Mon
65,229
23,296
65,229
55,619
65,229
94,931
65,229
32,032
23,296
Tue
65,229
44,262
65,229
63,482
65,229
94,931
65,229
47,757
23,296
Wed
65,229
65,229
65,229
63,482
65,229
63,482
65,229
63,482
23,296
AnnualLaborCosts
Thu
Fri
65,229
65,229
65,229
65,229
65,229
65,229
63,482
63,482
65,229
65,229
63,482
63,482
65,229
65,229
63,482
63,482
33,779
44,262
Sat
62,899
83,866
62,899
62,899
62,899
62,899
62,899
62,899
41,933
Sun
62,899
83,866
62,899
62,899
62,899
62,899
62,899
62,899
41,933
Total
451,942
430,976
451,942
435,344
451,942
506,106
451,942
396,032
231,795
1
2
3
4
5
6
7
8
9
Alternative&OperatingMode
(1)CaterpillarG3520
(5)CaterpillarG3520
(1)SolarMercury50
(3)SolarMercury50
(1)SolarTaurus60
(3)SolarTaurus60
(1)SolarTaurus70
(2)SolarTaurus70
(1)SolarTitanT130
Mon
94,931
58,240
103,667
80,954
103,667
133,370
103,667
49,504
40,768
Tue
94,931
84,448
103,667
91,437
103,667
133,370
103,667
70,470
40,768
Wed
94,931
110,656
103,667
91,437
103,667
91,437
103,667
91,437
40,768
AnnualLaborCosts
Thu
Fri
94,931
94,931
110,656
110,656
103,667
103,667
91,437
91,437
103,667
103,667
91,437
91,437
103,667
103,667
91,437
91,437
61,734
82,701
Sat
94,349
104,832
94,349
83,866
94,349
83,866
94,349
83,866
83,866
Sun
94,349
104,832
94,349
83,866
94,349
83,866
94,349
83,866
83,866
Total
663,354
684,320
707,034
614,432
707,034
708,781
707,034
562,016
434,470
No.
SimpleCycle
No.
StudyYear
CalendarYear
No Item
1 Gas($/mmBtu)
2 Energy($/MWH)
4 FCM($/kWYr)
6 Steam($/Ton)
7 HotWater($/Ton)
8 RetailFuelSales($/mmBtu)
9 Other
1
2012
6.00
70.00
30.00
24.00
0.00
7.50
0.50
8.00
0.00
2
2013
6.15
71.75
30.75
24.60
0.00
7.69
0.51
8.20
0.00
3
2014
6.30
73.54
31.52
25.22
0.00
7.88
0.53
8.41
0.00
4
2015
6.46
75.38
32.31
25.85
0.00
8.08
0.54
8.62
0.00
5
2016
6.62
77.27
33.11
26.49
0.00
8.28
0.55
8.83
0.00
6
2017
6.79
79.20
33.94
27.15
0.00
8.49
0.57
9.05
0.00
7
2018
6.96
81.18
34.79
27.83
0.00
8.70
0.58
9.28
0.00
8
2019
7.13
83.21
35.66
28.53
0.00
8.92
0.59
9.51
0.00
9
2020
7.31
85.29
36.55
29.24
0.00
9.14
0.61
9.75
0.00
10
2021
7.49
87.42
37.47
29.97
0.00
9.37
0.62
9.99
0.00
11
2022
7.68
89.61
38.40
30.72
0.00
9.60
0.64
10.24
0.00
12
2023
7.87
91.85
39.36
31.49
0.00
9.84
0.66
10.50
0.00
Forward Pricing
13
2024
8.07
94.14
40.35
32.28
0.00
10.09
0.67
10.76
0.00
14
2025
8.27
96.50
41.36
33.08
0.00
10.34
0.69
11.03
0.00
15
2026
8.48
98.91
42.39
33.91
0.00
10.60
0.71
11.30
0.00
StudyYear
CalendarYear
No Item
1 Gas($/mmBtu)
2 Energy($/MWH)
4 FCM($/kWYr)
6 Steam($/Ton)
7 HotWater($/Ton)
8 RetailFuelSales($/mmBtu)
9 Other
16
2027
8.69
101.38
43.45
34.76
0.00
10.86
0.72
11.59
0.00
17
2028
8.91
103.92
44.54
35.63
0.00
11.13
0.74
11.88
0.00
18
2029
9.13
106.51
45.65
36.52
0.00
11.41
0.76
12.17
0.00
19
2030
9.36
109.18
46.79
37.43
0.00
11.70
0.78
12.48
0.00
20
2031
9.59
111.91
47.96
38.37
0.00
11.99
0.80
12.79
0.00
21
2032
9.83
114.70
49.16
39.33
0.00
12.29
0.82
13.11
0.00
22
2033
10.08
117.57
50.39
40.31
0.00
12.60
0.84
13.44
0.00
23
2034
10.33
120.51
51.65
41.32
0.00
12.91
0.86
13.77
0.00
24
2035
10.59
123.52
52.94
42.35
0.00
13.23
0.88
14.12
0.00
25
2036
10.85
126.61
54.26
43.41
0.00
13.57
0.90
14.47
0.00
26
2037
11.12
129.78
55.62
44.49
0.00
13.90
0.93
14.83
0.00
27
2038
11.40
133.02
57.01
45.61
0.00
14.25
0.95
15.20
0.00
Forward Pricing
28
2039
11.69
136.35
58.43
46.75
0.00
14.61
0.97
15.58
0.00
29
2040
11.98
139.75
59.89
47.92
0.00
14.97
1.00
15.97
0.00
30
2041
12.28
143.25
61.39
49.11
0.00
15.35
1.02
16.37
0.00
31
2042
12.59
146.83
62.93
50.34
0.00
15.73
1.05
16.78
0.00
Cost Estimates and Financing Data
InitialEstimate2012$$
No.
1
2
3
4
5
6
7
8
9
Alternative
OperatingMode
(1)CaterpillarG3520
(5)CaterpillarG3520
(1)SolarMercury50
(3)SolarMercury50
(1)SolarTaurus60
(3)SolarTaurus60
(1)SolarTaurus70
(2)SolarTaurus70
(1)SolarTitanT130
SimpleCycle
SimpleCycle
SimpleCycle
SimpleCycle
SimpleCycle
SimpleCycle
SimpleCycle
SimpleCycle
GasInterconnect
Cost
PlantInvestment InvestmentCost
Cost
UsedinAnalysis
$2,112 $3,942 $6,106

$2,112 $15,266 $17,430
$2,112 $9,561 $11,726
$2,112 $24,293 $26,457
$2,112 $8,511 $10,675
$2,112 $20,767 $22,931
$2,112 $10,404 $12,568
$2,112 $18,438 $20,602
$2,112 $15,761 $16,155
Sources of Funds
C.O.D
2012
$$
Grants
Equity
Debt
Total
$611 $2,748 $2,748

$1,743 $7,843 $7,843
$1,173 $5,277 $5,277
$2,646 $11,906 $11,906
$1,068 $4,804 $4,804
$2,293 $10,319 $10,319
$1,257 $5,656 $5,656
$2,060 $9,271 $9,271
$1,615 $7,270 $7,270
$6,106
$17,430
$11,726
$26,457
$10,675
$22,931
$12,568
$20,602
$16,155
PlantCostEstimateSummary(detailedunderseparatecover)
No.
1
2
3
4
5
6
7
8
9
Alternative
(1)CaterpillarG3520
(5)CaterpillarG3520
(1)SolarMercury50
(3)SolarMercury50
(1)SolarTaurus60
(3)SolarTaurus60
(1)SolarTaurus70
(2)SolarTaurus70
(1)SolarTitanT130
TotalEstimatedCostsCHP
(2012$1,000's)
EstimatedCosts
SimpleCycle
(2012$1,000's)
Gas
Interconnection
Costs(2012$)
EstimatedCosts GasInterconnect
SimpleCycle
Costs
COD$$
(COD$)
TotalSimple
CycleCost
COD$
$4,901 $3,942 $2,112 $3,942 $2,112 $6,053

$18,556 $15,266 $2,112 $15,266 $2,112 $17,377
$13,164 $9,561 $2,112 $9,561 $2,112 $11,673
$34,678 $24,293 $2,112 $24,293 $2,112 $26,405
$11,482 $8,511 $2,112 $8,511 $2,112 $10,623
$29,045 $20,767 $2,112 $20,767 $2,112 $22,878
$14,166 $10,404 $2,112 $10,404 $2,112 $12,515
$25,656 $18,438 $2,112 $18,438 $2,112 $20,549
$21,529 $15,761 $2,112 $15,761 $2,112 $17,872
Notes:
1
2
3
4
5
6
7
SeePlantOperationssheettoselectinclusionofgasinterconnectioncostsaswellasCombinedorSimpleCycleoperationstospecifyinitialinvestmentestimate.
SeePlantOperationssheettoselectCommercialOperationDatetospecifyappropriateescalationfactorstocostestimates.
Costestimatesarein2012$1,000sandareintendedforplanningpurposesonly.
Esimatesincludepermittingallowancesaccordingtoinstalledcapacity:$500k(<5MW),$600k(510MW),or$750k(1015MW)
Contingencyof20%(5%onEquipment)isincluded.
15%allowanceforfundsduringconstruction(AFUDC)isincluded.
Costestimatedetailsareprovidedonseparateworksheetsinthisworkbook.
Alt 1 - CHP

Item No
Description
Site Prep
Demo & Prep
Crane pad
Engine/Gen foundation
Control Building
13.8 kV Switchgear Pad
GSU Pad
S/S transformer Pad
Paving
Fencing, lighting, security
Tank pad & containment
Subtotal
a
b
c
d
e
f
g
h
i
j
k
2
a
b
c
d
e
3
a
b
c
d
e
f
g
h
i
4
Qty
Generating Unit
Equipment
Shipping
Installation
Start-Up
Auxiliary Mechanical
Fuel storage tank
Fuel forwarding & filter
Raw water tank
Water treatment
Demin water tank
Waste water tank
Compressed air facility
CO catalyst & SCR
Subtotal
a
b
c
d
e
f
Auxiliary Electrical
13.8 kV Switchgear
Low voltage Switchgear
GSU
Interconnection
Other
Subtotal
a
b
c
d
e
Administrative Costs
Engineering and Design
Permitting
Owner's costs
Other
Subtotal
7
1
2
3
4
5
6
7
Subtotal
Contingency @
Total
100
16
27
125
15
32
5
11
5
27
AFUDC
0
1
108
25
0
0
0
27
0
260
27
0
25
0
0
0
0
0
260
285
400
400 Vendor estimate
1
1
0
1
500
25
145
100
0
500
25
0
100
0
625
1
1
1
139
500
162
0
139 Allowance, 5% of Directs

500 Allowance
162 Allowance
0
800
0
20%
900
50
108
0
1,058
Allowance
N/A
Allowance
N/A
Scaled from recent project
N/A
N/A
Allowance
Allowance
Allowance
900
50
108
0
Vendor Quote
Allowance
Vendor Quote
Included
40,000 gal, scaled from recent project

Allowance
N/A
N/A
N/A
N/A
N/A
Vendor Quote
Vendor est, complete paralleling system.

Engineer's estimate
Engineer's estimate
Allowance
409
1,058
285
400
625
800
3,577
580 5% contingency on T/G unit
4,158
15%
Grand Total
150
0
27
188
15
0
5
16
8
0
409
Comments
1
1
1
Summary
Site Prep
Generating Unit
Thermal Network
1.5
0
1
1.5
1
0
1
1.5
1.5
0
Subtotal
Thermal Network
Amount
$1,000s
Rate
624
4,901 2012$$
Alt 1-SC

Description
Site Prep
Demo & Prep
Crane pad
Control Building
GSU Pad
S/S transformer Pad
Paving
Subtotal
1
0
1
0
1
0
1
1
1
0
Generating Unit
Equipment
Shipping
Installation
Start-Up
1
1
1
900
50
108
0
0
1
108
25
0
0
0
27
0
260
400
1
1
0
1
500
25
145
100
0
500
25
0
100
0
625
1
1
1
107
500
162
0

500 Allowance
162 Allowance
0
768
a
b
c
d
e
f
g
h
i
j
k
2
a
b
c
d
e
3
a
b
c
d
e
f
g
h
i
4
Qty
Amount
$1,000s
Item No
Fuel storage tank
Raw water tank
Water treatment
Demin water tank
Waste water tank
CO catalyst & SCR
Subtotal
a
b
c
d
e
f
13.8 kV Switchgear
GSU
Interconnection
Other
Subtotal
a
b
c
d
e
Permitting
Owner's costs
Other
Subtotal
7
1
2
3
4
5
6
7
Subtotal
Contingency @
Total
Summary
Site Prep
Generating Unit
Thermal Network
100
16
27
125
15
32
5
11
5
27
Subtotal
Thermal Network
Rate
AFUDC
0
20%
100
0
27
0
15
0
5
11
5
0
163
900
50
108
0
1,058
27
0
25
0
0
0
0
0
260
285
Allowance
N/A
Allowance
N/A
N/A
N/A
Allowance
Allowance
Allowance
Vendor Quote
Allowance
Vendor Quote
Included

Allowance
N/A
N/A
N/A
N/A
N/A
Vendor Quote
0 Vendor estimate

Engineer's estimate
Engineer's estimate
Allowance
163
1,058
285
0
625
768
2,899
3,344
15%
Grand Total
Comments
502
3,942 2012$$
Alt 2 - CHP

Item No
Description
Site Prep
Demo & Prep
Crane pad
Control Building
GSU Pad
S/S transformer Pad
Paving
Subtotal
a
b
c
d
e
f
g
h
i
j
k
2
a
b
c
d
e
3
a
b
c
d
e
f
g
h
i
4
Qty
Generating Unit
Equipment
Shipping
Installation
Start-Up
Fuel storage tank
Raw water tank
Water treatment
Demin water tank
Waste water tank
CO catalyst & SCR
Subtotal
a
b
c
d
e
f
13.8 kV Switchgear
GSU
Interconnection
Other
Subtotal
a
b
c
d
e
Permitting
Owner's costs
Other
Subtotal
7
1
2
3
4
5
6
7
Subtotal
Contingency @
Total
200
16
27
200
15
32
5
25
5
27
AFUDC
0
1
108
55
0
0
0
27
0
260
27
0
55
0
0
0
0
0
1,300
1,355
400
2,000 Vendor estimate
5
1
0
1
500
100
446
200
0
2,500
100
0
200
0
2,800
1
1
1
615
600
162
0

600 Allowance
162 Allowance
0
1,377
0
20%
4,500
250
538
0
5,288
Allowance
N/A
Allowance
N/A
N/A
N/A
Allowance
Allowance
N/A
900
50
108
0
Vendor Quote
Allowance
Vendor Quote
Included

Allowance
N/A
N/A
N/A
N/A
N/A
Vendor Quote

Engineer's estimate
Engineer's estimate
Allowance
861
5,288
1,355
2,000
2,800
1,377
13,681
2,061 5% contingency on T/G unit
15,742
15%
Grand Total
300
0
135
300
75
0
5
38
8
0
861
Comments
5
5
5
Summary
Site Prep
Generating Unit
Thermal Network
1.5
0
5
1.5
5
0
1
1.5
1.5
0
Subtotal
Thermal Network
Amount
$1,000s
Rate
2,361
18,556 2012$$
Alt 2-SC

Description
Site Prep
Demo & Prep
Crane pad
Control Building
GSU Pad
S/S transformer Pad
Paving
Subtotal
1
0
5
1
5
0
1
1
1
0
Generating Unit
Equipment
Shipping
Installation
Start-Up
5
5
5
900
50
108
0
0
1
108
55
0
0
0
27
0
260
400
5
1
0
1
500
100
446
200
0
2,500
100
0
200
0
2,800
1
1
1
504
600
162
0

600 Allowance
162 Allowance
0
1,266
a
b
c
d
e
f
g
h
i
j
k
2
a
b
c
d
e
3
a
b
c
d
e
f
g
h
i
4
Qty
Amount
$1,000s
Item No
Fuel storage tank
Raw water tank
Water treatment
Demin water tank
Waste water tank
CO catalyst & SCR
Subtotal
a
b
c
d
e
f
13.8 kV Switchgear
GSU
Interconnection
Other
Subtotal
a
b
c
d
e
Permitting
Owner's costs
Other
Subtotal
7
1
2
3
4
5
6
7
Subtotal
Contingency @
Total
Summary
Site Prep
Generating Unit
Thermal Network
200
16
27
200
15
32
5
25
5
27
Subtotal
Thermal Network
Rate
AFUDC
0
20%
200
0
135
200
75
0
5
25
5
0
645
4,500
250
538
0
5,288
27
0
55
0
0
0
0
0
1,300
1,355
Allowance
N/A
Allowance
N/A
N/A
N/A
Allowance
Allowance
N/A
Vendor Quote
Allowance
Vendor Quote
Included

Allowance
N/A
N/A
N/A
N/A
N/A
Vendor Quote
0 Vendor estimate

Engineer's estimate
Engineer's estimate
Allowance
645
5,288
1,355
0
2,800
1,266
11,355
12,951
15%
Grand Total
Comments
1,943
15,266 2012$$
Alt 3 - CHP

Item No
Description
Site Prep
Demo & Prep
Crane pad
Control Building
GSU Pad
S/S transformer Pad
Paving
Subtotal
a
b
c
d
e
f
g
h
i
j
k
2
a
b
c
d
e
3
a
b
c
d
e
f
g
h
i
4
Qty
Generating Unit
Equipment
Shipping
Installation
Start-Up
Fuel storage tank
Raw water tank
Water treatment
Demin water tank
Waste water tank
CO catalyst & SCR
Subtotal
27
0
55
0
0
0
0
0
500
555
a
b
c
d
e
Permitting
Owner's costs
Other
Subtotal
1
2
3
4
5
6
7
Subtotal
Contingency @
Total
55
0
0
0
27
0
500
2,283
1
1
1
1
162
118
269
194
0
1
1
1
435
500
162
0
Summary
Site Prep
Generating Unit
Thermal Network
4,000
207
200
160
165
0
86
225
11
32
5
23
15
0
562
Subtotal
13.8 kV Switchgear
GSU
Interconnection
Other
Subtotal
110
16
86
150
11
32
5
15
10
43
4,000
207
200
160
4,567
a
b
c
d
e
f
6
1.5
0
1
1.5
1
1
1
1.5
1.5
0
1
1
1
1
Thermal Network
Amount
$1,000s
Rate
AFUDC
0
20%
Allowance
N/A
Allowance
N/A
N/A
N/A
Allowance
Allowance
Allowance
Vendor Quote
Allowance
Allowance
Vendor Quote
Allowance
N/A
N/A
N/A
N/A
N/A
Miscellaneous
2,283 Allowance: 50% of T/G Island
162
118
269
194
0
743
Engineer's estimate
Engineer's estimate
Engineer's estimate
Engineer's estimate

500 Allowance
162 Allowance
0
1,097
562
4,567
555
2,283
743
1,097
9,807
11,168
15%
Grand Total
Comments
1,675
13,164 2012$$
Alt 3 - SC

Item No
Description
Site Prep
Demo & Prep
Crane pad
Control Building
GSU Pad
S/S transformer Pad
Paving
Subtotal
a
b
c
d
e
f
g
h
i
j
k
2
a
b
c
d
e
3
a
b
c
d
e
f
g
h
i
4
Qty
Generating Unit
Equipment
Shipping
Installation
Start-Up
Fuel storage tank
Raw water tank
Water treatment
Demin water tank
Waste water tank
CO catalyst & SCR
Subtotal
27
0
55
0
0
0
0
0
500
555
a
b
c
d
e
Permitting
Owner's costs
Other
Subtotal
1
2
3
4
5
6
7
Subtotal
Contingency @
Total
AFUDC
Vendor Quote
Allowance
Allowance
Vendor Quote
2,283
1
1
1
1
162
118
269
194
0
162
118
269
194
0
743
1
1
1
314
500
162
0

500 Allowance
162 Allowance
0
976
0
20%
Allowance
N/A
N/A
N/A
N/A
N/A
Miscellaneous
0 Allowance: 50% of T/G Island
Engineer's estimate
Engineer's estimate
Engineer's estimate
Engineer's estimate
420
4,567
555
0
743
976
7,259
8,111
15%
Grand Total
Allowance
N/A
Allowance
N/A
N/A
N/A
Allowance
Allowance
Allowance
55
0
0
0
27
0
500
Summary
Site Prep
Generating Unit
Thermal Network
4,000
207
200
160
110
0
86
150
11
32
5
15
10
0
420
Subtotal
13.8 kV Switchgear
GSU
Interconnection
Other
Subtotal
110
16
86
150
11
32
5
15
10
43
Comments
4,000
207
200
160
4,567
a
b
c
d
e
f
6
1
0
1
1
1
1
1
1
1
0
1
1
1
1
Thermal Network
Amount
$1,000s
Rate
1,217
9,561 2012$$
Alt 4 - SC

Item No
Description
Site Prep
Demo & Prep
Crane pad
Control Building
GSU Pad
S/S transformer Pad
Paving
Subtotal
a
b
c
d
e
f
g
h
i
j
k
2
a
b
c
d
e
3
a
b
c
d
e
f
g
h
i
4
Qty
Generating Unit
Equipment
Shipping
Installation
Start-Up
Fuel storage tank
Raw water tank
Water treatment
Demin water tank
Waste water tank
CO catalyst & SCR
Subtotal
27
0
55
0
0
0
0
0
1,500
1,555
a
b
c
d
e
Permitting
Owner's costs
Other
Subtotal
1
2
3
4
5
6
7
Subtotal
Contingency @
Total
AFUDC
Vendor Quote
Allowance
Allowance
Vendor Quote
6,850
3
1
1
1.5
162
118
492
194
0
485
118
492
291
0
1,386
1
1
1
853
600
162
0

600 Allowance
162 Allowance
0
1,615
0
20%
Allowance
N/A
N/A
N/A
N/A
N/A
Miscellaneous
Engineer's estimate
Engineer's estimate
Engineer's estimate
Engineer's estimate
420
13,700
1,555
0
1,386
1,615
18,674
20,609
15%
Grand Total
Allowance
N/A
Allowance
N/A
N/A
N/A
Allowance
Allowance
Allowance
55
0
0
0
27
0
500
Summary
Site Prep
Generating Unit
Thermal Network
4,000
207
200
160
110
0
86
150
11
32
5
15
10
0
420
Subtotal
13.8 kV Switchgear
GSU
Interconnection
Other
Subtotal
110
16
86
150
11
32
5
15
10
43
Comments
12,000
620
600
480
13,700
a
b
c
d
e
f
6
1
0
1
1
1
1
1
1
1
0
3
3
3
3
Thermal Network
Amount
$1,000s
Rate
3,091
24,293 2012$$
Alt 4 - CHP

Item No
Description
Site Prep
Demo & Prep
Crane pad
Control Building
GSU Pad
S/S transformer Pad
Paving
Subtotal
a
b
c
d
e
f
g
h
i
j
k
2
a
b
c
d
e
3
a
b
c
d
e
f
g
h
i
4
Qty
Generating Unit
Equipment
Shipping
Installation
Start-Up
Fuel storage tank
Raw water tank
Water treatment
Demin water tank
Waste water tank
CO catalyst & SCR
Subtotal
27
0
55
0
0
0
0
0
1,500
1,555
a
b
c
d
e
Permitting
Owner's costs
Other
Subtotal
1
2
3
4
5
6
7
Subtotal
Contingency @
Total
55
0
0
0
27
0
500
6,850
3
1
1
2
162
118
492
194
0
1
1
1
1,203
600
162
0
Summary
Site Prep
Generating Unit
Thermal Network
4,000
207
200
160
165
0
86
225
11
32
5
23
15
0
562
Subtotal
13.8 kV Switchgear
GSU
Interconnection
Other
Subtotal
110
16
86
150
11
32
5
15
10
43
12,000
620
600
480
13,700
a
b
c
d
e
f
6
1.5
0
1
1.5
1
1
1
1.5
1.5
0
3
3
3
3
Thermal Network
Amount
$1,000s
Rate
AFUDC
0
20%
Allowance
N/A
Allowance
N/A
N/A
N/A
Allowance
Allowance
Allowance
Vendor Quote
Allowance
Allowance
Vendor Quote
Allowance
N/A
N/A
N/A
N/A
N/A
Miscellaneous
485
118
492
291
0
1,386
Engineer's estimate
Engineer's estimate
Engineer's estimate
Engineer's estimate
1,203 Allowance, 5% of Directs

600 Allowance
162 Allowance
0
1,964
562
13,700
1,555
6,850
1,386
1,964
26,016
29,419
15%
Grand Total
Comments
4,413
34,678 2012$$
Alt 5 - SC
(1) Solar Taurus 60

Item No
Description
Site Prep
Demo & Prep
Crane pad
Control Building
GSU Pad
S/S transformer Pad
Paving
Subtotal
a
b
c
d
e
f
g
h
i
j
k
2
a
b
c
d
e
3
a
b
c
d
e
f
g
h
i
4
Qty
Generating Unit
Equipment
Shipping
Installation
Start-Up
Fuel storage tank
Raw water tank
Water treatment
Demin water tank
Waste water tank
CO catalyst & SCR
Subtotal
13.8 kV Switchgear
GSU
Interconnection
Other
Subtotal
a
b
c
d
e
Permitting
Owner's costs
Other
Subtotal
7
1
2
3
4
5
6
7
Subtotal
Contingency @
Total
3,236
175
200
150
108
27
0
0
0
27
0
500
1,870
1
1
1
1
156
118
311
194
0
1
1
1
270
600
162
0
Summary
Site Prep
Generating Unit
Thermal Network
120
16
35
124
11
32
5
11
5
27
Subtotal
a
b
c
d
e
f
6
1
0
1
1
1
1
1
1
1
0
1
1
1
1
Thermal Network
Amount
$1,000s
Rate
AFUDC
0
20%
120
0
35
124
11
32
5
11
5
0
343
3,236
175
200
130
3,741
27
0
27
0
0
0
0
0
500
527
Allowance
N/A
Allowance
N/A
N/A
N/A
Allowance
Allowance
Allowance
Vendor Quote
Vendor Quote
Vendor estimate
Vendor Quote

Allowance
N/A
N/A
N/A
N/A
N/A
Miscellaneous
156
118
311
194
0
779
Engineer's estimate
Engineer's estimate
Engineer's estimate
Engineer's estimate

600 Allowance
162 Allowance
0
1,031
343
3,741
527
0
779
1,031
6,422
7,221
15%
Grand Total
Comments
1,083
8,511 2012$$
Alt 5 - CHP
(1) Solar Taurus 60

Item No
Description
Site Prep
Demo & Prep
Crane pad
Control Building
GSU Pad
S/S transformer Pad
Paving
Subtotal
a
b
c
d
e
f
g
h
i
j
k
2
a
b
c
d
e
3
a
b
c
d
e
f
g
h
i
4
Qty
Generating Unit
Equipment
Shipping
Installation
Start-Up
Fuel storage tank
Raw water tank
Water treatment
Demin water tank
Waste water tank
CO catalyst & SCR
Subtotal
13.8 kV Switchgear
GSU
Interconnection
Other
Subtotal
a
b
c
d
e
Permitting
Owner's costs
Other
Subtotal
7
1
2
3
4
5
6
7
Subtotal
Contingency @
Total
3,236
175
200
150
108
27
0
0
0
27
0
500
1,870
1
1
1
1
156
118
311
194
0
1
1
1
370
600
162
0
Summary
Site Prep
Generating Unit
Thermal Network
120
16
35
124
11
32
5
11
5
27
Subtotal
a
b
c
d
e
f
6
1.5
0
1
1.5
1
1
1
1.5
1.5
0
1
1
1
1
Thermal Network
Amount
$1,000s
Rate
AFUDC
0
20%
3,236
175
200
130
3,741
27
0
27
0
0
0
0
0
500
527
Allowance
N/A
Allowance
N/A
N/A
N/A
Allowance
Allowance
Allowance
Vendor Quote
Vendor Quote
Vendor estimate
Vendor Quote

Allowance
N/A
N/A
N/A
N/A
N/A
Miscellaneous
156
118
311
194
0
779
Engineer's estimate
Engineer's estimate
Engineer's estimate
Engineer's estimate

600 Allowance
162 Allowance
0
1,131
473
3,741
527
1,870
779
1,131
8,522
9,741
15%
Grand Total
180
0
35
186
11
32
5
16
8
0
473
Comments
1,461
11,482 2012$$
Alt 6 - SC
(3) Solar Taurus 60

Item No
Description
Site Prep
Demo & Prep
Crane pad
Control Building
GSU Pad
S/S transformer Pad
Paving
Subtotal
a
b
c
d
e
f
g
h
i
j
k
2
a
b
c
d
e
3
a
b
c
d
e
f
g
h
i
4
Qty
Generating Unit
Equipment
Shipping
Installation
Start-Up
Fuel storage tank
Raw water tank
Water treatment
Demin water tank
Waste water tank
CO catalyst & SCR
Subtotal
13.8 kV Switchgear
GSU
Interconnection
Other
Subtotal
a
b
c
d
e
Permitting
Owner's costs
Other
Subtotal
7
1
2
3
4
5
6
7
Subtotal
Contingency @
Total
3,236
175
200
150
AFUDC
120
0
105
124
11
32
5
11
5
0
413
9,707
525
600
130
10,963
27
0
27
0
0
0
0
0
1,500
1,527
Allowance
N/A
Allowance
N/A
N/A
N/A
Allowance
Allowance
Allowance
Vendor Quote
Vendor Quote
Vendor estimate
Vendor Quote
5,481
3
1
1
1.5
156
118
489
194
0
468
118
489
291
0
1,367
1
1
1
713
750
162
0

750 Allowance
162 Allowance
0
1,625
0
20%

Allowance
N/A
N/A
N/A
N/A
N/A
Miscellaneous
Engineer's estimate
Engineer's estimate
Engineer's estimate
Engineer's estimate
413
10,963
1,527
0
1,367
1,625
15,895
17,617
15%
Grand Total
Comments
108
27
0
0
0
27
0
500
Summary
Site Prep
Generating Unit
Thermal Network
120
16
35
124
11
32
5
11
5
27
Subtotal
a
b
c
d
e
f
6
1
0
3
1
1
1
1
1
1
0
3
3
3
3
Thermal Network
Amount
$1,000s
Rate
2,643
20,767 2012$$
Alt 6 - CHP
(3) Solar Taurus 60

Item No
Description
Site Prep
Demo & Prep
Crane pad
Control Building
GSU Pad
S/S transformer Pad
Paving
Subtotal
a
b
c
d
e
f
g
h
i
j
k
2
a
b
c
d
e
3
a
b
c
d
e
f
g
h
i
4
Qty
Generating Unit
Equipment
Shipping
Installation
Start-Up
Fuel storage tank
Raw water tank
Water treatment
Demin water tank
Waste water tank
CO catalyst & SCR
Subtotal
13.8 kV Switchgear
GSU
Interconnection
Other
Subtotal
a
b
c
d
e
Permitting
Owner's costs
Other
Subtotal
7
1
2
3
4
5
6
7
Subtotal
Contingency @
Total
3,236
175
200
150
AFUDC
9,707
525
600
130
10,963
27
0
27
0
0
0
0
0
1,500
1,527
Allowance
N/A
Allowance
N/A
N/A
N/A
Allowance
Allowance
Allowance
Vendor Quote
Vendor Quote
Vendor estimate
Vendor Quote
5,481
3
1
1
1.5
156
118
489
194
0
468
118
489
291
0
1,367
1
1
1
992
750
162
0

750 Allowance
162 Allowance
0
1,904
0
20%

Allowance
N/A
N/A
N/A
N/A
N/A
Miscellaneous
Engineer's estimate
Engineer's estimate
Engineer's estimate
Engineer's estimate
506
10,963
1,527
5,481
1,367
1,904
21,747
24,640
15%
Grand Total
180
0
105
186
11
0
0
16
8
0
506
Comments
108
27
0
0
0
27
0
500
Summary
Site Prep
Generating Unit
Thermal Network
120
16
35
124
11
32
5
11
5
27
Subtotal
a
b
c
d
e
f
6
1.5
0
3
1.5
1
0
0
1.5
1.5
0
3
3
3
3
Thermal Network
Amount
$1,000s
Rate
3,696
29,045 2012$$
Alt 7 - CHP
(1) Solar Taurus 70

Item No
Description
Site Prep
Demo & Prep
Crane pad
Control Building
GSU Pad
S/S transformer Pad
Paving
Subtotal
a
b
c
d
e
f
g
h
i
j
k
2
a
b
c
d
e
3
a
b
c
d
e
f
g
h
i
4
Qty
Generating Unit
Equipment
Shipping
Installation
Start-Up
Fuel storage tank
Raw water tank
Water treatment
Demin water tank
Waste water tank
CO catalyst & SCR
Subtotal
13.8 kV Switchgear
GSU
Interconnection
Other
Subtotal
a
b
c
d
e
Permitting
Owner's costs
Other
Subtotal
7
1
2
3
4
5
6
7
Subtotal
Contingency @
Total
4,241
219
200
150
108
27
0
0
0
27
0
750
2,395
1
1
1
1
156
118
389
194
0
1
1
1
466
600
162
0
Summary
Site Prep
Generating Unit
Thermal Network
130
16
35
124
11
32
5
15
8
27
Subtotal
a
b
c
d
e
f
6
1.5
0
1
1.5
1
1
1
1.5
1.5
0
1
1
1
1
Thermal Network
Amount
$1,000s
Rate
AFUDC
0
20%
4,241
219
200
130
4,790
27
0
27
0
0
0
0
0
750
777
Allowance
N/A
Allowance
N/A
N/A
N/A
Allowance
Allowance
Allowance
Vendor Quote
Vendor Quote
Vendor estimate
Vendor Quote

Allowance
N/A
N/A
N/A
N/A
N/A
Miscellaneous
156
118
389
194
0
858
Engineer's estimate
N/A
N/A
N/A

600 Allowance
162 Allowance
0
1,227
498
4,790
777
2,395
858
1,227
10,545
12,018
15%
Grand Total
195
0
35
186
11
32
5
23
11
0
498
Comments
1,803
14,166 2012$$
Alt 7 - SC
(1) Solar Taurus 70

Item No
Description
Site Prep
Demo & Prep
Crane pad
Control Building
GSU Pad
S/S transformer Pad
Paving
Subtotal
a
b
c
d
e
f
g
h
i
j
k
2
a
b
c
d
e
3
a
b
c
d
e
f
g
h
i
4
Qty
Generating Unit
Equipment
Shipping
Installation
Start-Up
Fuel storage tank
Raw water tank
Water treatment
Demin water tank
Waste water tank
CO catalyst & SCR
Subtotal
13.8 kV Switchgear
GSU
Interconnection
Other
Subtotal
a
b
c
d
e
Permitting
Owner's costs
Other
Subtotal
7
1
2
3
4
5
6
7
Subtotal
Contingency @
Total
4,241
219
200
150
108
27
0
0
0
27
0
750
2,395
1
1
1
1
156
118
389
194
0
1
1
1
339
600
162
0
Summary
Site Prep
Generating Unit
Thermal Network
130
16
35
124
11
32
5
15
8
27
Subtotal
a
b
c
d
e
f
6
1
0
1
1
1
1
1
1
1
0
1
1
1
1
Thermal Network
Amount
$1,000s
Rate
AFUDC
0
20%
130
0
35
124
11
32
5
15
8
0
360
4,241
219
200
130
4,790
27
0
27
0
0
0
0
0
750
777
Allowance
N/A
Allowance
N/A
N/A
N/A
Allowance
Allowance
Allowance
Vendor Quote
Vendor Quote
Vendor estimate
Vendor Quote

Allowance
N/A
N/A
N/A
N/A
N/A
Miscellaneous
156
118
389
194
0
858
Engineer's estimate
N/A
N/A
N/A

600 Allowance
162 Allowance
0
1,101
360
4,790
777
0
858
1,101
7,885
8,826
15%
Grand Total
Comments
1,324
10,404 2012$$
Alt 8 - CHP
(2) Solar Taurus 70

Item No
Description
Site Prep
Demo & Prep
Crane pad
Control Building
GSU Pad
S/S transformer Pad
Paving
Subtotal
a
b
c
d
e
f
g
h
i
j
k
2
a
b
c
d
e
3
a
b
c
d
e
f
g
h
i
4
Qty
Generating Unit
Equipment
Shipping
Installation
Start-Up
Fuel storage tank
Raw water tank
Water treatment
Demin water tank
Waste water tank
CO catalyst & SCR
Subtotal
13.8 kV Switchgear
GSU
Interconnection
Other
Subtotal
a
b
c
d
e
Permitting
Owner's costs
Other
Subtotal
7
1
2
3
4
5
6
7
Subtotal
Contingency @
Total
4,241
219
200
150
AFUDC
8,481
439
400
130
9,450
27
0
27
0
0
0
0
0
1,500
1,527
Allowance
N/A
Allowance
N/A
N/A
N/A
Allowance
Allowance
Allowance
Vendor Quote
Vendor Quote
Vendor estimate
Vendor Quote
4,725
2
1
1
1.5
156
118
494
194
0
312
118
494
291
0
1,216
1
1
1
871
750
162
0

750 Allowance
162 Allowance
0
1,782
0
20%

Allowance
N/A
N/A
N/A
N/A
N/A
Miscellaneous
Engineer's estimate
N/A
N/A
N/A
498
9,450
1,527
4,725
1,216
1,782
19,198
21,765
15%
Grand Total
195
0
35
186
11
32
5
23
11
0
498
Comments
108
27
0
0
0
27
0
750
Summary
Site Prep
Generating Unit
Thermal Network
130
16
35
124
11
32
5
15
8
27
Subtotal
a
b
c
d
e
f
6
1.5
0
1
1.5
1
1
1
1.5
1.5
0
2
2
2
2
Thermal Network
Amount
$1,000s
Rate
3,265
25,656 2012$$
Alt 8 - SC
(2) Solar Taurus 70

Item No
Description
Site Prep
Demo & Prep
Crane pad
Control Building
GSU Pad
S/S transformer Pad
Paving
Subtotal
a
b
c
d
e
f
g
h
i
j
k
2
a
b
c
d
e
3
a
b
c
d
e
f
g
h
i
4
Qty
Generating Unit
Equipment
Shipping
Installation
Start-Up
Fuel storage tank
Raw water tank
Water treatment
Demin water tank
Waste water tank
CO catalyst & SCR
Subtotal
13.8 kV Switchgear
GSU
Interconnection
Other
Subtotal
a
b
c
d
e
Permitting
Owner's costs
Other
Subtotal
7
1
2
3
4
5
6
7
Subtotal
Contingency @
Total
4,241
219
200
150
AFUDC
130
0
35
124
11
32
5
15
8
0
360
8,481
439
400
130
9,450
27
0
30
0
0
0
0
0
1,500
1,530
Allowance
N/A
Allowance
N/A
N/A
N/A
Allowance
Allowance
Allowance
Vendor Quote
Vendor Quote
Vendor estimate
Vendor Quote
4,725
2
1
1
1.5
156
118
494
194
0
312
118
494
291
0
1,216
1
1
1
628
750
162
0

750 Allowance
162 Allowance
0
1,539
0
20%

Allowance
N/A
N/A
N/A
N/A
N/A
Miscellaneous
Engineer's estimate
N/A
N/A
N/A
360
9,450
1,530
0
1,216
1,539
14,095
15,642
15%
Grand Total
Comments
108
30
0
0
0
27
0
750
Summary
Site Prep
Generating Unit
Thermal Network
130
16
35
124
11
32
5
15
8
27
Subtotal
a
b
c
d
e
f
6
1
0
1
1
1
1
1
1
1
0
2
2
2
2
Thermal Network
Amount
$1,000s
Rate
2,346
18,438 2012$$
Alt 9 - CHP

Item No
Description
Site Prep
Demo & Prep
Crane pad
Control Building
GSU Pad
Water Tank Pads
Paving
Other
Subtotal
a
b
c
d
e
f
g
h
i
j
k
Qty
170
27
120
150
22
43
16
20
20
255
27
120
225
22
43
0
30
30
0
752
1
1
1
1
7,100
355
215
160
7,100
355
215
160
7,830
Fuel storage tank
Water tanks
Water treatment
SCR & CEMs
Gas piping & fittings
Gas Compressor
CO catalyst & SCR
Subtotal
0
1
0
0
0
0
0
1
162
40
32
81
108
323
538
1,200
27
0
40
0
0
0
0
0
1,200
1,240
Thermal Network
3,915
3,915 Allowance, 50% ff Generating Island
a
b
c
d
e
f
13.8 kV Switchgear
GSU
Interconnection
Other
Subtotal
1
1
1
1
1
162
118
495
300
270
162
118
495
300
270
1,345
a
b
c
d
e
Permitting
Owner's costs
Other
Subtotal
1
1
1
754
750
188
754 5% of Directs
750 Allowance
188 Allowance
0
1,693
a
b
c
d
e
3
a
b
c
d
e
f
g
h
i
4
5
7
1
2
3
4
5
6
7
Generating Unit
Equipment
Shipping
Installation
Start-Up
Subtotal
Summary
Site Prep
Generating Unit
Thermal Network
Subtotal
Contingency @
Total
Comments
1.5
1
1
1.5
1
1
0
1.5
1.5
Amount
$1,000s
Rate
AFUDC + Esc
Grand Total, Installed
0
25%
Allowance
Allowance
Rehab Existing
Allowance
Allowance
Vendor quote
Vendor quote
Allowance
Vendor quote
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Allowance for Miscellaneous
Engineer's estimate
Engineer's estimate
Engineer's estimate
Engineer's estimate
595
7,830
1,676
3,915
1,194
538
15,748
18,264
15%
2,740
21,529 2012$$
Alt 9 - SC

Item No
Description
Site Prep
Demo & Prep
Crane pad
Control Building
GSU Pad
Water Tank Pads
Paving
Other
Subtotal
a
b
c
d
e
f
g
h
i
j
k
Qty
170
27
120
150
22
43
16
20
20
170
27
120
150
22
43
0
20
20
0
572
1
1
1
1
7,100
355
215
160
7,100
355
215
160
7,830
Fuel storage tank
Water tanks
Water treatment
SCR & CEMs
Gas piping & fittings
Gas Compressor
CO catalyst & SCR
Subtotal
0
1
0
0
0
0
0
1
162
40
32
81
108
323
538
1,200
Thermal Network
3,915
a
b
c
d
e
f
13.8 kV Switchgear
GSU
Interconnection
Other
Subtotal
1
1
1
1
1
162
118
495
300
270
162
118
495
300
270
1,345
a
b
c
d
e
Permitting
Owner's costs
Other
Subtotal
1
1
1
549
750
188
549 5% of Directs
750 Allowance
188 Allowance
0
1,488
a
b
c
d
e
3
a
b
c
d
e
f
g
h
i
4
5
7
1
2
3
4
5
6
7
Generating Unit
Equipment
Shipping
Installation
Start-Up
Subtotal
Summary
Site Prep
Generating Unit
Thermal Network
Subtotal
Contingency @
Total
Comments
1
1
1
1
1
1
0
1
1
Amount
$1,000s
Rate
AFUDC + Esc
Grand Total, Installed
0
25%
27
0
40
0
0
0
0
0
1,200
1,240
Allowance
Allowance
Rehab Existing
Allowance
Allowance
Vendor quote
Vendor quote
Allowance
Vendor quote
N/A
N/A
N/A
N/A
N/A
N/A
N/A
0 Allowance, 50% ff Generating Island
Engineer's estimate
Engineer's estimate
Engineer's estimate
Engineer's estimate
595
7,830
1,676
0
1,194
538
11,833
13,371
15%
2,006
15,761 2012$$
Cash Flow Analysis
StudyYear
CalendarYear
No
1
a
b
c
d
e
f
g
h
i
(1)CaterpillarG3520
Item
Production
InstalledCapacity(MW)
RunHours
GrossGeneration(MWH)
ParasiticLoad(%)
NetGeneration(MWH)
TonsofSteamfromWasteHeat(tons)
TonsofSteamfromDuctFiring(tons)
TonsofHotWaterfromWasteHeat(tons)
Other
2 PerformanceCharacteristics
a MajorOverhaulInterval(EFHrs)
b NetHeatRate,HHV,Btu/kWH
c HRDegradationbetweenOH's
d Start/StopPenalty(EFHrs)
e CumulativeRunHours
f AsRunHeatRate,HHV,Btu/kWH
g DuctBurnerFuelConsumption(MMBtu/hr)HHV
3 FuelConsumed(MMBtu)
a GasforEnergy
b GasforSteam
c Other
0
2012
1
2013
2.06
8,760
18,001
2
2014
3
2015
4
2016
5
2017
6
2018
7
2019
8
2020
9
2021
10
2022
Alt1 - Plant Ops
11
2023
12
2024
13
2025
14
2026
15
2027
17,461
20,384
0
779,233
0
2.06
8,760
18,001
3%
17,461
20,384
0
779,233
0
2.06
8,760
18,001
3%
17,461
20,384
0
779,233
0
2.06
8,760
18,001
3%
17,461
20,384
0
779,233
0
2.06
8,760
18,001
3%
17,461
20,384
0
779,233
0
2.06
8,760
18,001
3%
17,461
20,384
0
779,233
0
2.06
8,760
18,001
3%
17,461
20,384
0
779,233
0
2.06
8,760
18,001
3%
17,461
20,384
0
779,233
0
2.06
8,760
18,001
3%
17,461
20,384
0
779,233
0
2.06
8,760
18,001
3%
17,461
20,384
0
779,233
0
2.06
8,760
18,001
3%
17,461
20,384
0
779,233
0
2.06
8,760
18,001
3%
17,461
20,384
0
779,233
0
2.06
8,760
18,001
3%
17,461
20,384
0
779,233
0
2.06
8,760
18,001
3%
17,461
20,384
0
779,233
0
2.06
8,760
18,001
3%
17,461
20,384
0
779,233
0
2.06
8,760
18,001
3%
17,461
20,384
0
779,233
0
60,000
10,491
3.0%
0
8,760
10,537
0
0
17,519
10,583
0
0
26,279
10,629
0
0
35,038
10,675
0
0
43,798
10,721
0
0
52,557
10,767
0
0
0
10,491
0
0
8,760
10,537
0
0
17,519
10,583
0
0
26,279
10,629
0
0
35,038
10,675
0
0
43,798
10,721
0
0
52,557
10,767
0
0
0
10,491
0
0
8,760
10,537
0
0
17,519
10,583
0
189,681
0
190,508
0
191,335
0
192,162
0
192,989
0
193,817
0
188,854
0
189,681
0
190,508
0
191,335
0
192,162
0
192,989
0
193,817
0
188,854
0
189,681
0
190,508
0
3%
StudyYear
CalendarYear
No
1
a
b
c
d
e
f
g
h
i
(1)CaterpillarG3520
Item
Production
RunHours
ParasiticLoad(%)
NetGeneration(MWH)
Other
a GasforEnergy
b GasforSteam
c Other
16
2028
17
2029
18
2030
19
2031
20
2032
21
2033
22
2034
23
2035
24
2036
Alt1 - Plant Ops
25
2037
26
2038
27
2039
28
2040
29
2041
30
2042
2.06
8,760
18,001
3%
17,461
20,384
0
779,233
0
2.06
8,760
18,001
3%
17,461
20,384
0
779,233
0
2.06
8,760
18,001
3%
17,461
20,384
0
779,233
0
2.06
8,760
18,001
3%
17,461
20,384
0
779,233
0
2.06
8,760
18,001
3%
17,461
20,384
0
779,233
0
2.06
8,760
18,001
3%
17,461
20,384
0
779,233
0
2.06
8,760
18,001
3%
17,461
20,384
0
779,233
0
2.06
8,760
18,001
3%
17,461
20,384
0
779,233
0
2.06
8,760
18,001
3%
17,461
20,384
0
779,233
0
2.06
8,760
18,001
3%
17,461
20,384
0
779,233
0
2.06
8,760
18,001
3%
17,461
20,384
0
779,233
0
2.06
8,760
18,001
3%
17,461
20,384
0
779,233
0
2.06
8,760
18,001
3%
17,461
20,384
0
779,233
0
2.06
8,760
18,001
3%
17,461
20,384
0
779,233
0
2.06
8,760
18,001
3%
17,461
20,384
0
779,233
0
0
26,279
10,629
0
0
35,038
10,675
0
0
43,798
10,721
0
0
52,557
10,767
0
0
0
10,491
0
0
8,760
10,537
0
0
17,519
10,583
0
0
26,279
10,629
0
0
35,038
10,675
0
0
43,798
10,721
0
0
52,557
10,767
0
0
0
10,491
0
0
8,760
10,537
0
0
17,519
10,583
0
0
26,279
10,629
0
191,335
0
192,162
0
192,989
0
193,817
0
188,854
0
189,681
0
190,508
0
191,335
0
192,162
0
192,989
0
193,817
0
188,854
0
189,681
0
190,508
0
191,335
0
StudyYear
CalendarYear
No
1
a
b
c
d
e
f
g
h
i
(5)CaterpillarG3520
SimpleCycle
Item
Production
RunHours
ParasiticLoad(%)
NetGeneration(MWH)
Other
a GasforEnergy
b GasforSteam
c Other
0
2012
1
2013
10.28
5,214
53,574
2
2014
3
2015
4
2016
5
2017
6
2018
7
2019
8
2020
Alt2 - Plant Ops
9
2021
10
2022
11
2023
12
2024
13
2025
14
2026
15
2027
51,967
60,666
0
2,319,145
0
10.28
5,214
53,574
3%
51,967
60,666
0
2,319,145
0
10.28
5,214
53,574
3%
51,967
60,666
0
2,319,145
0
10.28
5,214
53,574
3%
51,967
60,666
0
2,319,145
0
10.28
5,214
53,574
3%
51,967
60,666
0
2,319,145
0
10.28
5,214
53,574
3%
51,967
60,666
0
2,319,145
0
10.28
5,214
53,574
3%
51,967
60,666
0
2,319,145
0
10.28
5,214
53,574
3%
51,967
60,666
0
2,319,145
0
10.28
5,214
53,574
3%
51,967
60,666
0
2,319,145
0
10.28
5,214
53,574
3%
51,967
60,666
0
2,319,145
0
10.28
5,214
53,574
3%
51,967
60,666
0
2,319,145
0
10.28
5,214
53,574
3%
51,967
60,666
0
2,319,145
0
10.28
5,214
53,574
3%
51,967
60,666
0
2,319,145
0
10.28
5,214
53,574
3%
51,967
60,666
0
2,319,145
0
10.28
5,214
53,574
3%
51,967
60,666
0
2,319,145
0
10.28
5,214
53,574
3%
51,967
60,666
0
2,319,145
0
60,000
10,491
3.0%
728
5,942
10,523
0
746
11,902
10,554
0
765
17,881
10,585
0
784
23,879
10,617
0
804
29,897
10,648
0
824
35,934
10,680
0
844
41,993
10,712
0
865
48,072
10,744
0
887
54,173
10,776
0
909
60,296
10,808
0
932
0
10,491
0
955
6,169
10,524
0
979
12,362
10,556
0
1004
18,580
10,589
0
1029
24,822
10,622
0
1054
31,091
10,654
0
563,735
0
565,410
0
567,090
0
568,775
0
570,467
0
572,163
0
573,866
0
575,574
0
577,289
0
579,010
0
562,065
0
563,798
0
565,539
0
567,286
0
569,041
0
570,802
0
3%
StudyYear
CalendarYear
No
1
a
b
c
d
e
f
g
h
i
(5)CaterpillarG3520
SimpleCycle
Item
Production
RunHours
ParasiticLoad(%)
NetGeneration(MWH)
Other
a GasforEnergy
b GasforSteam
c Other
16
2028
17
2029
18
2030
19
2031
20
2032
10.28
10.28
10.28
5,214
5,214
5,214
53,574
53,574
53,574
3%
3%
3%
51,967
51,967
51,967
60,666
60,666
60,666
0
0
0
2,319,145 2,319,145 2,319,145
0
0
0
Alt2 - Plant Ops
21
2033
22
2034
23
2035
24
2036
25
2037
26
2038
27
2039
28
2040
29
2041
30
2042
10.28
5,214
53,574
3%
51,967
60,666
0
2,319,145
0
10.28
5,214
53,574
3%
51,967
60,666
0
2,319,145
0
10.28
5,214
53,574
3%
51,967
60,666
0
2,319,145
0
10.28
5,214
53,574
3%
51,967
60,666
0
2,319,145
0
10.28
5,214
53,574
3%
51,967
60,666
0
2,319,145
0
10.28
5,214
53,574
3%
51,967
60,666
0
2,319,145
0
10.28
5,214
53,574
3%
51,967
60,666
0
2,319,145
0
10.28
5,214
53,574
3%
51,967
60,666
0
2,319,145
0
10.28
5,214
53,574
3%
51,967
60,666
0
2,319,145
0
10.28
5,214
53,574
3%
51,967
60,666
0
2,319,145
0
10.28
5,214
53,574
3%
51,967
60,666
0
2,319,145
0
10.28
5,214
53,574
3%
51,967
60,666
0
2,319,145
0
1081
37,386
10,688
0
1108
43,707
10,721
0
1135
50,057
10,754
0
1164
56,435
10,787
0
1193
0
10,491
0
1223
6,437
10,525
0
1253
12,904
10,559
0
1285
19,403
10,593
0
1317
25,933
10,627
0
1350
32,497
10,662
0
1383
39,095
10,696
0
1418
45,727
10,731
0
1453
52,394
10,766
0
1490
59,098
10,801
0
1527
0
10,491
0
572,571
0
574,348
0
576,132
0
577,925
0
562,065
0
563,874
0
565,691
0
567,517
0
569,353
0
571,197
0
573,051
0
574,915
0
576,789
0
578,673
0
562,065
0
StudyYear
CalendarYear
No
1
a
b
c
d
e
f
g
h
i
(1)SolarMercury50
SimpleCycle
Item
Production
RunHours
ParasiticLoad(%)
NetGeneration(MWH)
Other
a GasforEnergy
b GasforSteam
c Other
0
2012
Alt3 - Plant Ops
1
2013
2
2014
3
2015
4
2016
5
2017
6
2018
7
2019
8
2020
9
2021
10
2022
11
2023
12
2024
13
2025
14
2026
15
2027
38,133
58,689
0
0
0
4.49
8,760
39,313
3%
38,133
58,689
0
0
0
4.49
8,760
39,313
3%
38,133
58,689
0
0
0
4.49
8,760
39,313
3%
38,133
58,689
0
0
0
4.49
8,760
39,313
3%
38,133
58,689
0
0
0
4.49
8,760
39,313
3%
38,133
58,689
0
0
0
4.49
8,760
39,313
3%
38,133
58,689
0
0
0
4.49
8,760
39,313
3%
38,133
58,689
0
0
0
4.49
8,760
39,313
3%
38,133
58,689
0
0
0
4.49
8,760
39,313
3%
38,133
58,689
0
0
0
4.49
8,760
39,313
3%
38,133
58,689
0
0
0
4.49
8,760
39,313
3%
38,133
58,689
0
0
0
4.49
8,760
39,313
3%
38,133
58,689
0
0
0
4.49
8,760
39,313
3%
38,133
58,689
0
0
0
4.49
8,760
39,313
3%
38,133
58,689
0
0
0
4.49
8,760
39,313
3%
38,133
58,689
0
0
0
60,000
9,955
3.0%
0
8,760
9,999
38
0
17,519
10,042
38
0
26,279
10,086
38
0
35,038
10,129
38
0
43,798
10,173
38
0
52,557
10,217
38
0
0
9,955
38
0
8,760
9,999
38
0
17,519
10,042
38
0
26,279
10,086
38
0
35,038
10,129
38
0
43,798
10,173
38
0
52,557
10,217
38
0
0
9,955
38
0
8,760
9,999
38
0
17,519
10,042
38
393,072
0
394,786
0
396,500
0
398,214
0
399,928
0
401,643
0
391,358
0
393,072
0
394,786
0
396,500
0
398,214
0
399,928
0
401,643
0
391,358
0
393,072
0
394,786
0
4.49
8,760
39,313
3%
StudyYear
CalendarYear
No
1
a
b
c
d
e
f
g
h
i
(1)SolarMercury50
SimpleCycle
Item
Production
RunHours
ParasiticLoad(%)
NetGeneration(MWH)
Other
a GasforEnergy
b GasforSteam
c Other
Alt3 - Plant Ops
16
2028
17
2029
18
2030
19
2031
20
2032
21
2033
22
2034
23
2035
24
2036
25
2037
26
2038
27
2039
28
2040
29
2041
30
2042
4.49
8,760
39,313
3%
38,133
58,689
0
0
0
4.49
8,760
39,313
3%
38,133
58,689
0
0
0
4.49
8,760
39,313
3%
38,133
58,689
0
0
0
4.49
8,760
39,313
3%
38,133
58,689
0
0
0
4.49
8,760
39,313
3%
38,133
58,689
0
0
0
4.49
8,760
39,313
3%
38,133
58,689
0
0
0
4.49
8,760
39,313
3%
38,133
58,689
0
0
0
4.49
8,760
39,313
3%
38,133
58,689
0
0
0
4.49
8,760
39,313
3%
38,133
58,689
0
0
0
4.49
8,760
39,313
3%
38,133
58,689
0
0
0
4.49
8,760
39,313
3%
38,133
58,689
0
0
0
4.49
8,760
39,313
3%
38,133
58,689
0
0
0
4.49
8,760
39,313
3%
38,133
58,689
0
0
0
4.49
8,760
39,313
3%
38,133
58,689
0
0
0
4.49
8,760
39,313
3%
38,133
58,689
0
0
0
0
26,279
10,086
38
0
35,038
10,129
38
0
43,798
10,173
38
0
52,557
10,217
38
0
0
9,955
38
0
8,760
9,999
38
0
17,519
10,042
38
0
26,279
10,086
38
0
35,038
10,129
38
0
43,798
10,173
38
0
52,557
10,217
38
0
0
9,955
38
0
8,760
9,999
38
0
17,519
10,042
38
0
26,279
10,086
38
396,500
0
398,214
0
399,928
0
401,643
0
391,358
0
393,072
0
394,786
0
396,500
0
398,214
0
399,928
0
401,643
0
391,358
0
393,072
0
394,786
0
396,500
0
StudyYear
CalendarYear
No
1
a
b
c
d
e
f
g
h
i
(3)SolarMercury50
SimpleCycle
Item
Production
RunHours
ParasiticLoad(%)
NetGeneration(MWH)
Other
a GasforEnergy
b GasforSteam
c Other
0
2012
Alt4 - Plant Ops
1
2013
2
2014
3
2015
4
2016
5
2017
6
2018
7
2019
8
2020
9
2021
10
2022
11
2023
12
2024
13
2025
14
2026
15
2027
74,905
115,282
0
0
0
13.46
5,735
77,221
3%
74,905
115,282
0
0
0
13.46
5,735
77,221
3%
74,905
115,282
0
0
0
13.46
5,735
77,221
3%
74,905
115,282
0
0
0
13.46
5,735
77,221
3%
74,905
115,282
0
0
0
13.46
5,735
77,221
3%
74,905
115,282
0
0
0
13.46
5,735
77,221
3%
74,905
115,282
0
0
0
13.46
5,735
77,221
3%
74,905
115,282
0
0
0
13.46
5,735
77,221
3%
74,905
115,282
0
0
0
13.46
5,735
77,221
3%
74,905
115,282
0
0
0
13.46
5,735
77,221
3%
74,905
115,282
0
0
0
13.46
5,735
77,221
3%
74,905
115,282
0
0
0
13.46
5,735
77,221
3%
74,905
115,282
0
0
0
13.46
5,735
77,221
3%
74,905
115,282
0
0
0
13.46
5,735
77,221
3%
74,905
115,282
0
0
0
13.46
5,735
77,221
3%
74,905
115,282
0
0
0
60,000
9,955
3.0%
728
6,463
9,987
113
728
12,927
10,019
113
728
19,390
10,052
113
728
25,854
10,084
113
728
32,317
10,116
113
728
38,780
10,148
113
728
45,244
10,180
113
728
51,707
10,212
113
728
58,171
10,245
113
728
0
9,955
113
728
6,463
9,987
113
728
12,927
10,019
113
728
19,390
10,052
113
728
25,854
10,084
113
728
32,317
10,116
113
728
38,780
10,148
113
771,224
0
773,708
0
776,192
0
778,677
0
781,161
0
783,645
0
786,130
0
788,614
0
791,098
0
768,739
0
771,224
0
773,708
0
776,192
0
778,677
0
781,161
0
783,645
0
13.46
5,735
77,221
3%
StudyYear
CalendarYear
No
1
a
b
c
d
e
f
g
h
i
(3)SolarMercury50
SimpleCycle
Item
Production
RunHours
ParasiticLoad(%)
NetGeneration(MWH)
Other
a GasforEnergy
b GasforSteam
c Other
20
2032
21
2033
22
2034
23
2035
24
2036
25
2037
26
2038
Alt4 - Plant Ops
16
2028
17
2029
18
2030
19
2031
13.46
5,735
77,221
3%
74,905
115,282
0
0
0
13.46
5,735
77,221
3%
74,905
115,282
0
0
0
13.46
5,735
77,221
3%
74,905
115,282
0
0
0
13.46
5,735
77,221
3%
74,905
115,282
0
0
0
13.46
5,735
77,221
3%
74,905
115,282
0
0
0
13.46
5,735
77,221
3%
74,905
115,282
0
0
0
13.46
5,735
77,221
3%
74,905
115,282
0
0
0
13.46
5,735
77,221
3%
74,905
115,282
0
0
0
13.46
5,735
77,221
3%
74,905
115,282
0
0
0
13.46
5,735
77,221
3%
74,905
115,282
0
0
0
13.46
5,735
77,221
3%
74,905
115,282
0
0
0
13.46
5,735
77,221
3%
74,905
115,282
0
0
0
13.46
5,735
77,221
3%
74,905
115,282
0
0
0
13.46
5,735
77,221
3%
74,905
115,282
0
0
0
13.46
5,735
77,221
3%
74,905
115,282
0
0
0
728
45,244
10,180
113
728
51,707
10,212
113
728
58,171
10,245
113
728
0
9,955
113
728
6,463
9,987
113
728
12,927
10,019
113
728
19,390
10,052
113
728
25,854
10,084
113
728
32,317
10,116
113
728
38,780
10,148
113
728
45,244
10,180
113
728
51,707
10,212
113
728
58,171
10,245
113
728
0
9,955
113
728
6,463
9,987
113
786,130
0
788,614
0
791,098
0
768,739
0
771,224
0
773,708
0
776,192
0
778,677
0
781,161
0
783,645
0
786,130
0
788,614
0
791,098
0
768,739
0
771,224
0
27
2039
28
2040
29
2041
30
2042
No
1
a
b
c
d
e
f
g
h
i
StudyYear
CalendarYear
(1)SolarTaurus60
SimpleCycle
Item
Production
RunHours
ParasiticLoad(%)
NetGeneration(MWH)
Other
a GasforEnergy
b GasforSteam
c Other
0
2012
Alt5 - Plant Ops
1
2013
2
2014
3
2015
4
2016
5
2017
6
2018
7
2019
8
2020
9
2021
10
2022
11
2023
12
2024
13
2025
14
2026
15
2027
16
2028
17
2029
18
2030
19
2031
20
2032
21
2033
22
2034
23
2035
24
2036
25
2037
26
2038
27
2039
28
2040
29
2041
30
2042
30,615
84,199
0
0
0
5.50
5,735
31,562
3%
30,615
84,199
0
0
0
5.50
5,735
31,562
3%
30,615
84,199
0
0
0
5.50
5,735
31,562
3%
30,615
84,199
0
0
0
5.50
5,735
31,562
3%
30,615
84,199
0
0
0
5.50
5,735
31,562
3%
30,615
84,199
0
0
0
5.50
5,735
31,562
3%
30,615
84,199
0
0
0
5.50
5,735
31,562
3%
30,615
84,199
0
0
0
5.50
5,735
31,562
3%
30,615
84,199
0
0
0
5.50
5,735
31,562
3%
30,615
84,199
0
0
0
5.50
5,735
31,562
3%
30,615
84,199
0
0
0
5.50
5,735
31,562
3%
30,615
84,199
0
0
0
5.50
5,735
31,562
3%
30,615
84,199
0
0
0
5.50
5,735
31,562
3%
30,615
84,199
0
0
0
5.50
5,735
31,562
3%
30,615
84,199
0
0
0
5.50
5,735
31,562
3%
30,615
84,199
0
0
0
5.50
5,735
31,562
3%
30,615
84,199
0
0
0
5.50
5,735
31,562
3%
30,615
84,199
0
0
0
5.50
5,735
31,562
3%
30,615
84,199
0
0
0
5.50
5,735
31,562
3%
30,615
84,199
0
0
0
5.50
5,735
31,562
3%
30,615
84,199
0
0
0
5.50
5,735
31,562
3%
30,615
84,199
0
0
0
5.50
5,735
31,562
3%
30,615
84,199
0
0
0
5.50
5,735
31,562
3%
30,615
84,199
0
0
0
5.50
5,735
31,562
3%
30,615
84,199
0
0
0
5.50
5,735
31,562
3%
30,615
84,199
0
0
0
5.50
5,735
31,562
3%
30,615
84,199
0
0
0
5.50
5,735
31,562
3%
30,615
84,199
0
0
0
5.50
5,735
31,562
3%
30,615
84,199
0
0
0
5.50
5,735
31,562
3%
30,615
84,199
0
0
0
5.50
5,735
31,562
3%
30,615
84,199
0
0
0
60,000
12,199
3.0%
0
5,735
12,234
21
0
11,471
12,269
21
0
17,206
12,304
21
0
22,942
12,339
21
0
28,677
12,374
21
0
34,412
12,409
21
0
40,148
12,444
21
0
45,883
12,479
21
0
51,619
12,514
21
0
57,354
12,549
21
0
0
12,199
21
0
5,735
12,234
21
0
11,471
12,269
21
0
17,206
12,304
21
0
22,942
12,339
21
0
28,677
12,374
21
0
34,412
12,409
21
0
40,148
12,444
21
0
45,883
12,479
21
0
51,619
12,514
21
0
57,354
12,549
21
0
0
12,199
21
0
5,735
12,234
21
0
11,471
12,269
21
0
17,206
12,304
21
0
22,942
12,339
21
0
28,677
12,374
21
0
34,412
12,409
21
0
40,148
12,444
21
0
45,883
12,479
21
0
51,619
12,514
21
387,232
0
388,336
0
389,440
0
390,544
0
391,648
0
392,753
0
393,857
0
394,961
0
396,065
0
385,024
0
386,128
0
387,232
0
388,336
0
389,440
0
390,544
0
391,648
0
392,753
0
393,857
0
394,961
0
396,065
0
385,024
0
386,128
0
387,232
0
388,336
0
389,440
0
390,544
0
391,648
0
392,753
0
393,857
0
394,961
0
5.50
5,735
31,562
3%
386,128
0
StudyYear
CalendarYear
No
1
a
b
c
d
e
f
g
h
i
(3)SolarTaurus60
SimpleCycle
Item
Production
RunHours
ParasiticLoad(%)
NetGeneration(MWH)
Other
a GasforEnergy
b GasforSteam
c Other
Alt6 - Plant Ops
0
2012
1
2013
2
2014
3
2015
4
2016
5
2017
6
2018
7
2019
8
2020
9
2021
10
2022
11
2023
12
2024
13
2025
14
2026
15
2027
16
2028
17
2029
16.51
6,674
110,180
16.51
6,674
110,180
3%
106,874
293,929
0
0
0
16.51
6,674
110,180
3%
106,874
293,929
0
0
0
16.51
6,674
110,180
3%
106,874
293,929
0
0
0
16.51
6,674
110,180
3%
106,874
293,929
0
0
0
16.51
6,674
110,180
3%
106,874
293,929
0
0
0
16.51
6,674
110,180
3%
106,874
293,929
0
0
0
16.51
6,674
110,180
3%
106,874
293,929
0
0
0
16.51
6,674
110,180
3%
106,874
293,929
0
0
0
16.51
6,674
110,180
3%
106,874
293,929
0
0
0
16.51
6,674
110,180
3%
106,874
293,929
0
0
0
16.51
6,674
110,180
3%
106,874
293,929
0
0
0
16.51
6,674
110,180
3%
106,874
293,929
0
0
0
16.51
6,674
110,180
3%
106,874
293,929
0
0
0
16.51
6,674
110,180
3%
106,874
293,929
0
0
0
16.51
6,674
110,180
3%
106,874
293,929
0
0
0
16.51
6,674
110,180
3%
106,874
293,929
0
0
0
16.51
6,674
110,180
3%
106,874
293,929
0
0
0
60,000
12,199
3.0%
520
7,194
12,243
64
520
14,388
12,287
64
520
21,582
12,331
64
520
28,776
12,375
64
520
35,970
12,418
64
520
43,164
12,462
64
520
50,357
12,506
64
520
57,551
12,550
64
520
0
12,199
64
520
7,194
12,243
64
520
14,388
12,287
64
520
21,582
12,331
64
520
28,776
12,375
64
520
35,970
12,418
64
520
43,164
12,462
64
520
50,357
12,506
64
520
57,551
12,550
64
520
0
12,199
64
1,348,917
0
1,353,752
0
1,358,587
0
1,363,421
0
1,368,256
0
1,373,090
0
1,377,925
0
1,382,760
0
1,344,083
0
1,348,917
0
1,353,752
0
1,358,587
0
1,363,421
0
1,368,256
0
1,373,090
0
1,377,925
0
1,382,760
0
1,344,083
0
3%
106,874
293,929
0
0
0
StudyYear
CalendarYear
No
1
a
b
c
d
e
f
g
h
i
(3)SolarTaurus60
SimpleCycle
Item
Production
RunHours
ParasiticLoad(%)
NetGeneration(MWH)
Other
a GasforEnergy
b GasforSteam
c Other
Alt6 - Plant Ops
18
2030
19
2031
20
2032
21
2033
22
2034
23
2035
24
2036
25
2037
26
2038
27
2039
28
2040
29
2041
30
2042
16.51
6,674
110,180
3%
106,874
293,929
0
0
0
16.51
6,674
110,180
3%
106,874
293,929
0
0
0
16.51
6,674
110,180
3%
106,874
293,929
0
0
0
16.51
6,674
110,180
3%
106,874
293,929
0
0
0
16.51
6,674
110,180
3%
106,874
293,929
0
0
0
16.51
6,674
110,180
3%
106,874
293,929
0
0
0
16.51
6,674
110,180
3%
106,874
293,929
0
0
0
16.51
6,674
110,180
3%
106,874
293,929
0
0
0
16.51
6,674
110,180
3%
106,874
293,929
0
0
0
16.51
6,674
110,180
3%
106,874
293,929
0
0
0
16.51
6,674
110,180
3%
106,874
293,929
0
0
0
16.51
6,674
110,180
3%
106,874
293,929
0
0
0
16.51
6,674
110,180
3%
106,874
293,929
0
0
0
520
7,194
12,243
64
520
14,388
12,287
64
520
21,582
12,331
64
520
28,776
12,375
64
520
35,970
12,418
64
520
43,164
12,462
64
520
50,357
12,506
64
520
57,551
12,550
64
520
0
12,199
64
520
7,194
12,243
64
520
14,388
12,287
64
520
21,582
12,331
64
520
28,776
12,375
64
1,348,917
0
1,353,752
0
1,358,587
0
1,363,421
0
1,368,256
0
1,373,090
0
1,377,925
0
1,382,760
0
1,344,083
0
1,348,917
0
1,353,752
0
1,358,587
0
1,363,421
0
StudyYear
CalendarYear
No
1
a
b
c
d
e
f
g
h
i
(1)SolarTaurus70
SimpleCycle
Item
Production
RunHours
ParasiticLoad(%)
NetGeneration(MWH)
Other
a GasforEnergy
b GasforSteam
c Other
0
2012
1
2013
7.74
8,760
67,834
2
2014
3
2015
4
2016
5
2017
6
2018
7
2019
8
2020
9
2021
10
2022
Alt7 - Plant Ops
11
2023
12
2024
13
2025
14
2026
15
2027
65,799
157,763
0
0
0
7.74
8,760
67,834
3%
65,799
157,763
0
0
0
7.74
8,760
67,834
3%
65,799
157,763
0
0
0
7.74
8,760
67,834
3%
65,799
157,763
0
0
0
7.74
8,760
67,834
3%
65,799
157,763
0
0
0
7.74
8,760
67,834
3%
65,799
157,763
0
0
0
7.74
8,760
67,834
3%
65,799
157,763
0
0
0
7.74
8,760
67,834
3%
65,799
157,763
0
0
0
7.74
8,760
67,834
3%
65,799
157,763
0
0
0
7.74
8,760
67,834
3%
65,799
157,763
0
0
0
7.74
8,760
67,834
3%
65,799
157,763
0
0
0
7.74
8,760
67,834
3%
65,799
157,763
0
0
0
7.74
8,760
67,834
3%
65,799
157,763
0
0
0
7.74
8,760
67,834
3%
65,799
157,763
0
0
0
7.74
8,760
67,834
3%
65,799
157,763
0
0
0
7.74
8,760
67,834
3%
65,799
157,763
0
0
0
60,000
11,220
3.0%
0
8,760
11,269
40
0
17,519
11,318
40
0
26,279
11,367
40
0
35,038
11,417
40
0
43,798
11,466
40
0
52,557
11,515
40
0
0
11,220
40
0
8,760
11,269
40
0
17,519
11,318
40
0
26,279
11,367
40
0
35,038
11,417
40
0
43,798
11,466
40
0
52,557
11,515
40
0
0
11,220
40
0
8,760
11,269
40
0
17,519
11,318
40
764,428
0
767,761
0
771,095
0
774,428
0
777,761
0
781,095
0
761,094
0
764,428
0
767,761
0
771,095
0
774,428
0
777,761
0
781,095
0
761,094
0
764,428
0
767,761
0
3%
StudyYear
CalendarYear
No
1
a
b
c
d
e
f
g
h
i
(1)SolarTaurus70
SimpleCycle
Item
Production
RunHours
ParasiticLoad(%)
NetGeneration(MWH)
Other
a GasforEnergy
b GasforSteam
c Other
16
2028
17
2029
18
2030
19
2031
20
2032
21
2033
22
2034
23
2035
24
2036
25
2037
26
2038
Alt7 - Plant Ops
27
2039
28
2040
29
2041
30
2042
7.74
8,760
67,834
3%
65,799
157,763
0
0
0
7.74
8,760
67,834
3%
65,799
157,763
0
0
0
7.74
8,760
67,834
3%
65,799
157,763
0
0
0
7.74
8,760
67,834
3%
65,799
157,763
0
0
0
7.74
8,760
67,834
3%
65,799
157,763
0
0
0
7.74
8,760
67,834
3%
65,799
157,763
0
0
0
7.74
8,760
67,834
3%
65,799
157,763
0
0
0
7.74
8,760
67,834
3%
65,799
157,763
0
0
0
7.74
8,760
67,834
3%
65,799
157,763
0
0
0
7.74
8,760
67,834
3%
65,799
157,763
0
0
0
7.74
8,760
67,834
3%
65,799
157,763
0
0
0
7.74
8,760
67,834
3%
65,799
157,763
0
0
0
7.74
8,760
67,834
3%
65,799
157,763
0
0
0
7.74
8,760
67,834
3%
65,799
157,763
0
0
0
7.74
8,760
67,834
3%
65,799
157,763
0
0
0
0
26,279
11,367
40
0
35,038
11,417
40
0
43,798
11,466
40
0
52,557
11,515
40
0
0
11,220
40
0
8,760
11,269
40
0
17,519
11,318
40
0
26,279
11,367
40
0
35,038
11,417
40
0
43,798
11,466
40
0
52,557
11,515
40
0
0
11,220
40
0
8,760
11,269
40
0
17,519
11,318
40
0
26,279
11,367
40
771,095
0
774,428
0
777,761
0
781,095
0
761,094
0
764,428
0
767,761
0
771,095
0
774,428
0
777,761
0
781,095
0
761,094
0
764,428
0
767,761
0
771,095
0
StudyYear
CalendarYear
No
1
a
b
c
d
e
f
g
h
i
(2)SolarTaurus70
SimpleCycle
Item
Production
RunHours
ParasiticLoad(%)
NetGeneration(MWH)
Other
a GasforEnergy
b GasforSteam
c Other
0
2012
Alt8 - Plant Ops
1
2013
2
2014
3
2015
4
2016
5
2017
6
2018
7
2019
8
2020
9
2021
10
2022
11
2023
12
2024
13
2025
14
2026
15
2027
78,332
187,813
0
0
0
15.49
5,214
80,754
3%
78,332
187,813
0
0
0
15.49
5,214
80,754
3%
78,332
187,813
0
0
0
15.49
5,214
80,754
3%
78,332
187,813
0
0
0
15.49
5,214
80,754
3%
78,332
187,813
0
0
0
15.49
5,214
80,754
3%
78,332
187,813
0
0
0
15.49
5,214
80,754
3%
78,332
187,813
0
0
0
15.49
5,214
80,754
3%
78,332
187,813
0
0
0
15.49
5,214
80,754
3%
78,332
187,813
0
0
0
15.49
5,214
80,754
3%
78,332
187,813
0
0
0
15.49
5,214
80,754
3%
78,332
187,813
0
0
0
15.49
5,214
80,754
3%
78,332
187,813
0
0
0
15.49
5,214
80,754
3%
78,332
187,813
0
0
0
15.49
5,214
80,754
3%
78,332
187,813
0
0
0
15.49
5,214
80,754
3%
78,332
187,813
0
0
0
15.49
5,214
80,754
3%
78,332
187,813
0
0
0
60,000
11,220
3.0%
728
5,942
11,253
81
728
11,884
11,287
81
728
17,826
11,320
81
728
23,768
11,353
81
728
29,710
11,387
81
728
35,652
11,420
81
728
41,594
11,453
81
728
47,536
11,487
81
728
53,478
11,520
81
728
59,420
11,553
81
728
0
11,220
81
728
5,942
11,253
81
728
11,884
11,287
81
728
17,826
11,320
81
728
23,768
11,353
81
728
29,710
11,387
81
908,757
0
911,449
0
914,140
0
916,832
0
919,524
0
922,216
0
924,908
0
927,600
0
930,292
0
932,984
0
906,065
0
908,757
0
911,449
0
914,140
0
916,832
0
919,524
0
15.49
5,214
80,754
3%
StudyYear
CalendarYear
No
1
a
b
c
d
e
f
g
h
i
(2)SolarTaurus70
SimpleCycle
Item
Production
RunHours
ParasiticLoad(%)
NetGeneration(MWH)
Other
a GasforEnergy
b GasforSteam
c Other
16
2028
17
2029
18
2030
19
2031
20
2032
21
2033
22
2034
23
2035
24
2036
25
2037
26
2038
15.49
5,214
80,754
3%
78,332
187,813
0
0
0
15.49
5,214
80,754
3%
78,332
187,813
0
0
0
15.49
5,214
80,754
3%
78,332
187,813
0
0
0
15.49
5,214
80,754
3%
78,332
187,813
0
0
0
15.49
5,214
80,754
3%
78,332
187,813
0
0
0
15.49
5,214
80,754
3%
78,332
187,813
0
0
0
15.49
5,214
80,754
3%
78,332
187,813
0
0
0
15.49
5,214
80,754
3%
78,332
187,813
0
0
0
15.49
5,214
80,754
3%
78,332
187,813
0
0
0
15.49
5,214
80,754
3%
78,332
187,813
0
0
0
15.49
5,214
80,754
3%
78,332
187,813
0
0
0
728
35,652
11,420
81
728
41,594
11,453
81
728
47,536
11,487
81
728
53,478
11,520
81
728
59,420
11,553
81
728
0
11,220
81
728
5,942
11,253
81
728
11,884
11,287
81
728
17,826
11,320
81
728
23,768
11,353
81
922,216
0
924,908
0
927,600
0
930,292
0
932,984
0
906,065
0
908,757
0
911,449
0
914,140
0
916,832
0
Alt8 - Plant Ops
28
2040
29
2041
30
2042
15.49
5,214
80,754
3%
78,332
187,813
0
0
0
15.49
5,214
80,754
3%
78,332
187,813
0
0
0
15.49
5,214
80,754
3%
78,332
187,813
0
0
0
15.49
5,214
80,754
3%
78,332
187,813
0
0
0
728
29,710
11,387
81
728
35,652
11,420
81
728
41,594
11,453
81
728
47,536
11,487
81
728
53,478
11,520
81
919,524
0
922,216
0
924,908
0
927,600
0
930,292
0
27
2039
StudyYear
CalendarYear
No
1
a
b
c
d
e
f
g
h
i
(1)SolarTitanT130
SimpleCycle
Item
Production
RunHours
ParasiticLoad(%)
NetGeneration(MWH)
Other
a GasforEnergy
b GasforSteam
c Other
0
2012
1
2013
14.47
4,380
63,375
2
2014
Alt9 - Plant Ops
3
2015
4
2016
5
2017
6
2018
7
2019
8
2020
9
2021
10
2022
11
2023
12
2024
13
2025
14
2026
15
2027
61,474
138,996
0
0
0
14.47
4,380
63,375
3%
61,474
138,996
0
0
0
14.47
4,380
63,375
3%
61,474
138,996
0
0
0
14.47
4,380
63,375
3%
61,474
138,996
0
0
0
14.47
4,380
63,375
3%
61,474
138,996
0
0
0
14.47
4,380
63,375
3%
61,474
138,996
0
0
0
14.47
4,380
63,375
3%
61,474
138,996
0
0
0
14.47
4,380
63,375
3%
61,474
138,996
0
0
0
14.47
4,380
63,375
3%
61,474
138,996
0
0
0
14.47
4,380
63,375
3%
61,474
138,996
0
0
0
14.47
4,380
63,375
3%
61,474
138,996
0
0
0
14.47
4,380
63,375
3%
61,474
138,996
0
0
0
14.47
4,380
63,375
3%
61,474
138,996
0
0
0
14.47
4,380
63,375
3%
61,474
138,996
0
0
0
14.47
4,380
63,375
3%
61,474
138,996
0
0
0
14.47
4,380
63,375
3%
61,474
138,996
0
0
0
60,000
10,934
3.0%
728
5,108
10,962
88
728
10,216
10,990
88
728
15,323
11,018
88
728
20,431
11,046
88
728
25,539
11,074
88
728
30,647
11,102
88
728
35,754
11,129
88
728
40,862
11,157
88
728
45,970
11,185
88
728
51,078
11,213
88
728
56,185
11,241
88
728
0
10,934
88
728
5,108
10,962
88
728
10,216
10,990
88
728
15,323
11,018
88
728
20,431
11,046
88
694,713
0
696,483
0
698,253
0
700,022
0
701,792
0
703,562
0
705,332
0
707,101
0
708,871
0
710,641
0
712,410
0
692,944
0
694,713
0
696,483
0
698,253
0
700,022
0
3%
StudyYear
CalendarYear
No
1
a
b
c
d
e
f
g
h
i
(1)SolarTitanT130
SimpleCycle
Item
Production
RunHours
ParasiticLoad(%)
NetGeneration(MWH)
Other
a GasforEnergy
b GasforSteam
c Other
16
2028
17
2029
18
2030
19
2031
20
2032
21
2033
22
2034
23
2035
14.47
4,380
63,375
3%
61,474
138,996
0
0
0
14.47
4,380
63,375
3%
61,474
138,996
0
0
0
14.47
4,380
63,375
3%
61,474
138,996
0
0
0
14.47
4,380
63,375
3%
61,474
138,996
0
0
0
14.47
4,380
63,375
3%
61,474
138,996
0
0
0
14.47
4,380
63,375
3%
61,474
138,996
0
0
0
14.47
4,380
63,375
3%
61,474
138,996
0
0
0
14.47
4,380
63,375
3%
61,474
138,996
0
0
0
728
25,539
11,074
88
728
30,647
11,102
88
728
35,754
11,129
88
728
40,862
11,157
88
728
45,970
11,185
88
728
51,078
11,213
88
728
56,185
11,241
88
701,792
0
703,562
0
705,332
0
707,101
0
708,871
0
710,641
0
712,410
0
24
2036
Alt9 - Plant Ops
25
2037
26
2038
27
2039
14.47
4,380
63,375
3%
61,474
138,996
0
0
0
14.47
4,380
63,375
3%
61,474
138,996
0
0
0
14.47
4,380
63,375
3%
61,474
138,996
0
0
0
14.47
4,380
63,375
3%
61,474
138,996
0
0
0
728
0
10,934
88
728
5,108
10,962
88
728
10,216
10,990
88
728
15,323
11,018
88
692,944
0
694,713
0
696,483
0
698,253
0
28
2040
29
2041
30
2042
14.47
4,380
63,375
3%
61,474
138,996
0
0
0
14.47
4,380
63,375
3%
61,474
138,996
0
0
0
14.47
4,380
63,375
3%
61,474
138,996
0
0
0
728
20,431
11,046
88
728
25,539
11,074
88
728
30,647
11,102
88
728
35,754
11,129
88
700,022
0
701,792
0
703,562
0
705,332
0
StudyYear
CalendarYear
No
1
a
b
c
d
e
f
g
h
i
j
k
l
m
2
a
b
c
d
e
f
g
h
3
a
b
c
4
a
b
c
d
e
5
a
b
c
d
6
(1)CaterpillarG3520
Item
Costs($1,000's)
InitialInvestment
FixedO&M
VariableO&M
GasFuelforElectricity
GasFuelforSteam
GasFuelforSales
OtherFuel
Transportation
PropertyTaxes
Insurance
MajorMaintenance
Other
0
2012
a
b
c
d
e
f
g
4
2016
5
2017
6
2018
7
2019
8
2020
9
2021
10
2022
11
2023
12
2024
13
2025
14
2026
15
2027
943
499
1,206
0
0
967
512
1,242
0
0
991
525
1,278
0
0
1,016
538
1,316
0
0
1,041
551
1,314
0
0
1,067
565
1,353
0
0
1,094
579
1,393
0
0
1,121
594
1,434
0
0
1,149
608
1,476
0
0
1,178
624
1,519
0
0
1,208
639
1,564
0
0
1,238
655
1,562
0
0
1,269
672
1,608
0
0
1,300
688
1,655
0
0
61
31
100
0
63
31
0
0
64
32
0
0
66
33
0
0
67
34
0
0
69
35
0
0
71
35
116
0
73
36
0
0
74
37
0
0
76
38
0
0
78
39
0
0
80
40
0
0
82
41
0
0
84
42
138
0
86
43
0
0
88
44
0
2,673
2,745
2,819
2,895
2,973
3,129
3,094
3,177
3,263
3,351
3,441
3,534
3,719
3,678
3,777
1,253
537
49
0
157
0
399
2,395
1,284
550
50
0
161
0
409
2,455
1,316
564
52
0
165
0
420
2,516
1,349
578
53
0
169
0
430
2,579
1,383
593
54
0
173
0
441
2,643
1,417
607
55
0
177
0
452
2,710
1,453
623
57
0
182
0
463
2,777
1,489
638
58
0
186
0
475
2,847
1,526
654
60
0
191
0
487
2,918
1,565
671
61
0
196
0
499
2,991
1,604
687
63
0
201
0
511
3,066
1,644
704
64
0
206
0
524
3,142
1,685
722
66
0
211
0
537
3,221
1,727
740
68
0
216
0
551
3,301
1,770
759
69
0
221
0
564
3,384
83
137
220
87
133
220
92
129
220
96
124
220
101
119
220
106
114
220
111
109
220
117
104
220
123
98
220
129
92
220
135
85
220
142
78
220
149
71
220
157
64
220
165
56
220
TotalRevenues
2,748
TotalDebtService
Taxes($1,000's)
Cash,PreTax,PreDebt
InterestPayment
Depreciation
TaxableIncome
Fed&StateTaxes
(278)
(137)
(586)
(1,002)
0
(290)
(133)
(586)
(1,010)
0
(303)
(129)
(586)
(1,018)
0
(316)
(124)
(586)
(1,027)
0
(330)
(119)
(586)
(1,035)
0
(419)
(114)
(586)
(1,120)
0
(317)
(109)
(586)
(1,012)
0
(331)
(104)
(586)
(1,021)
0
(345)
(98)
(586)
(1,029)
0
(360)
(92)
(586)
(1,038)
0
(376)
(85)
(586)
(1,047)
0
(392)
(78)
(586)
(1,056)
0
(498)
(71)
(586)
(1,156)
0
(376)
(64)
(586)
(1,027)
0
(393)
(56)
(586)
(1,035)
0
CashafterTaxes&Debt
(278)
0
(220)
(499)
(290)
0
(220)
(511)
(303)
0
(220)
(523)
(316)
0
(220)
(536)
(330)
0
(220)
(550)
(419)
0
(220)
(640)
(317)
0
(220)
(537)
(331)
0
(220)
(551)
(345)
0
(220)
(566)
(360)
0
(220)
(581)
(376)
0
(220)
(596)
(392)
0
(220)
(612)
(498)
0
(220)
(719)
(376)
0
(220)
(597)
(393)
0
(220)
(614)
CashFlows($1,000's)
Cash,PreTax,PreDebt
Fed&StateIncomeTax
DebtService
DebtCoverageRatio
3
2015
920
487
1,172
0
0
1,222
524
48
0
153
0
390
DebtService
Principal
Interest
2
2014
6,106
898
475
1,138
0
0
TotalCost
Revenues($1,000's)
Energy
AvoidedDistribution
ForwardCapacityMarket(FCM)
Credits/RECs
Steam
FuelSales
HotWater
1
2013
Alt1 - Cashflow Analysis
Financialcalculations($1,000's)
Equity
Residual
CashafterTaxes&Debt
NPV
CumNPV
IRR
<0
<0
<0
<0
<0
<0
<0
<0
<0
<0
<0
<0
<0
<0
<0
(499)
(462)
(2,599)
(511)
(438)
(3,037)
(523)
(416)
(3,452)
(536)
(394)
(3,847)
(550)
(374)
(4,221)
(640)
(403)
(4,624)
(537)
(313)
(4,938)
(551)
(298)
(5,235)
(566)
(283)
(5,518)
(581)
(269)
(5,787)
(596)
(256)
(6,043)
(612)
(243)
(6,286)
(719)
(264)
(6,550)
(597)
(203)
(6,753)
(614)
(193)
(6,947)
611
2,748
(2,137)
(2,137)
(7,635)
#DIV/0!
StudyYear
CalendarYear
No
1
a
b
c
d
e
f
g
h
i
j
k
l
m
2
a
b
c
d
e
f
g
h
3
a
b
c
4
a
b
c
d
e
5
a
b
c
d
6
(1)CaterpillarG3520
Item
Costs($1,000's)
InitialInvestment
FixedO&M
VariableO&M
GasFuelforSteam
GasFuelforSales
OtherFuel
Transportation
PropertyTaxes
Insurance
MajorMaintenance
Other
a
b
c
d
e
f
g
17
2029
18
2030
19
2031
20
2032
21
2033
22
2034
23
2035
24
2036
25
2037
26
2038
27
2039
28
2040
29
2041
30
2042
1,333
706
1,704
0
0
1,366
723
1,754
0
0
1,400
741
1,806
0
0
1,435
760
1,859
0
0
1,471
779
1,857
0
0
1,508
798
1,912
0
0
1,546
818
1,968
0
0
1,584
839
2,026
0
0
1,624
860
2,085
0
0
1,665
881
2,147
0
0
1,706
903
2,210
0
0
1,749
926
2,207
0
0
1,793
949
2,272
0
0
1,837
973
2,339
0
0
1,883
997
2,408
0
0
0
91
45
0
0
93
46
0
0
95
48
0
0
98
49
0
0
100
50
164
0
103
51
0
0
105
53
0
0
108
54
0
0
110
55
0
0
113
57
0
0
116
58
0
0
119
59
195
0
122
61
0
0
125
62
0
0
128
64
0
TotalCost
3,879
3,983
4,091
4,201
4,421
4,372
4,490
4,611
4,735
4,862
4,993
5,255
5,197
5,337
5,480
TotalRevenues
1,814
778
71
0
227
0
578
3,468
1,860
797
73
0
233
0
593
3,555
1,906
817
75
0
238
0
608
3,644
1,954
837
76
0
244
0
623
3,735
2,003
858
78
0
251
0
638
3,828
2,053
880
80
0
257
0
654
3,924
2,104
902
82
0
263
0
671
4,022
2,157
924
84
0
270
0
688
4,123
2,211
947
87
0
277
0
705
4,226
2,266
971
89
0
283
0
722
4,332
2,323
995
91
0
291
0
740
4,440
2,381
1,020
93
0
298
0
759
4,551
2,440
1,046
96
0
305
0
778
4,665
2,501
1,072
98
0
313
0
797
4,781
2,564
1,099
100
0
321
0
817
4,901
TotalDebtService
173
48
220
181
39
220
190
30
220
200
20
220
210
10
220
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
Revenues($1,000's)
Energy
AvoidedDistribution
Credits/RECs
Steam
FuelSales
HotWater
DebtService
Principal
Interest
Taxes($1,000's)
Cash,PreTax,PreDebt
InterestPayment
Depreciation
TaxableIncome
Fed&StateTaxes
(410)
(48)
(586)
(1,044)
0
(428)
(39)
(586)
(1,053)
0
(447)
(30)
(586)
(1,063)
0
(466)
(20)
(586)
(1,072)
0
(592)
(10)
(586)
(1,189)
0
(447)
0
0
(447)
0
(467)
0
0
(467)
0
(488)
0
0
(488)
0
(509)
0
0
(509)
0
(531)
0
0
(531)
0
(553)
0
0
(553)
0
(704)
0
0
(704)
0
(532)
0
0
(532)
0
(555)
0
0
(555)
0
(580)
0
0
(580)
0
CashafterTaxes&Debt
(410)
0
(220)
(631)
(428)
0
(220)
(649)
(447)
0
(220)
(667)
(466)
0
(220)
(686)
(592)
0
(220)
(813)
(447)
0
0
(447)
(467)
0
0
(467)
(488)
0
0
(488)
(509)
0
0
(509)
(531)
0
0
(531)
(553)
0
0
(553)
(704)
0
0
(704)
(532)
0
0
(532)
(555)
0
0
(555)
(580)
0
0
(580)
CashFlows($1,000's)
Cash,PreTax,PreDebt
Fed&StateIncomeTax
DebtService
DebtCoverageRatio
16
2028
Financialcalculations($1,000's)
Equity
Residual
CashafterTaxes&Debt
NPV
CumNPV
IRR
<0
<0
<0
<0
<0
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
(631)
(184)
(7,131)
(649)
(175)
(7,306)
(667)
(167)
(7,473)
(686)
(159)
(7,632)
(813)
(174)
(7,807)
(447)
(89)
(7,895)
(467)
(86)
(7,981)
(488)
(83)
(8,064)
(509)
(80)
(8,145)
(531)
(77)
(8,222)
(553)
(75)
(8,297)
(704)
(88)
(8,385)
(532)
(62)
(8,447)
(555)
(60)
(8,506)
3,202
2,622
261
(8,246)
StudyYear
CalendarYear
No
1
a
b
c
d
e
f
g
h
i
j
k
l
m
2
a
b
c
d
e
f
g
h
3
a
b
c
4
a
b
c
d
e
5
a
b
c
d
6
(1)CaterpillarG3520
SimpleCycle
Item
Costs($1,000's)
InitialInvestment
FixedO&M
VariableO&M
GasFuelforSteam
GasFuelforSales
OtherFuel
Transportation
PropertyTaxes
Insurance
MajorMaintenance
Other
0
2012
a
b
c
d
e
f
g
2
2014
3
2015
4
2016
5
2017
6
2018
7
2019
8
2020
9
2021
10
2022
11
2023
12
2024
13
2025
14
2026
15
2027
17,430
889
317
3,382
0
0
912
325
3,477
0
0
935
333
3,575
0
0
958
341
3,675
0
0
982
350
3,778
0
0
1,006
359
3,884
0
0
1,032
367
3,993
0
0
1,057
377
4,105
0
0
1,084
386
4,220
0
0
1,111
396
4,339
0
0
1,139
406
4,317
0
0
1,167
416
4,439
0
0
1,196
426
4,564
0
0
1,226
437
4,692
0
0
1,257
448
4,824
0
0
1,288
459
4,960
0
0
174
87
200
0
179
89
0
0
183
92
0
0
188
94
0
0
192
96
0
0
197
99
0
0
202
101
0
0
207
104
0
0
212
106
0
0
218
109
0
0
223
112
256
0
229
114
0
0
234
117
0
0
240
120
0
0
246
123
0
0
252
126
0
4,982
5,117
5,256
5,398
5,545
5,695
5,850
6,009
6,172
6,452
6,364
6,538
6,715
6,898
7,086
3,729
1,598
245
0
0
0
399
5,971
3,822
1,638
251
0
0
0
409
6,120
3,917
1,679
258
0
0
0
420
6,273
4,015
1,721
264
0
0
0
430
6,430
4,116
1,764
271
0
0
0
441
6,591
4,219
1,808
277
0
0
0
452
6,756
4,324
1,853
284
0
0
0
463
6,925
4,432
1,899
291
0
0
0
475
7,098
4,543
1,947
299
0
0
0
487
7,275
4,657
1,996
306
0
0
0
499
7,457
4,773
2,046
314
0
0
0
511
7,644
4,892
2,097
322
0
0
0
524
7,835
5,015
2,149
330
0
0
0
537
8,030
5,140
2,203
338
0
0
0
551
8,231
5,268
2,258
346
0
0
0
564
8,437
237
392
629
249
380
629
262
368
629
275
355
629
288
341
629
303
327
629
318
312
629
334
296
629
350
279
629
368
261
629
386
243
629
406
224
629
426
203
629
447
182
629
470
160
629
TaxableIncome
Fed&StateTaxes
989
(392)
(871)
(274)
0
1,003
(380)
(871)
(248)
0
1,018
(368)
(871)
(222)
0
1,032
(355)
(871)
(194)
0
1,046
(341)
(871)
(166)
0
1,061
(327)
(871)
(138)
0
1,075
(312)
(871)
(108)
0
1,089
(296)
(871)
(78)
0
1,104
(279)
(871)
(47)
0
1,005
(261)
(871)
(128)
0
1,279
(243)
(871)
165
66
1,297
(224)
(871)
202
81
1,315
(203)
(871)
240
96
1,333
(182)
(871)
279
112
1,351
(160)
(871)
320
128
CashFlows($1,000's)
Cash,PreTax,PreDebt
Fed&StateIncomeTax
DebtService
CashafterTaxes&Debt
989
0
(629)
360
1,003
0
(629)
374
1,018
0
(629)
388
1,032
0
(629)
403
1,046
0
(629)
417
1,061
0
(629)
431
1,075
0
(629)
445
1,089
0
(629)
460
1,104
0
(629)
474
1,005
0
(629)
376
1,279
(66)
(629)
584
1,297
(81)
(629)
587
1,315
(96)
(629)
590
1,333
(112)
(629)
592
1,351
(128)
(629)
594
TotalCost
Revenues($1,000's)
Energy
AvoidedDistribution
Credits/RECs
Steam
FuelSales
HotWater
TotalRevenues
3,638
1,559
239
0
0
0
390
7,843
DebtService
Principal
Interest
TotalDebtService
Taxes($1,000's)
Cash,PreTax,PreDebt
InterestPayment
Depreciation
DebtCoverageRatio
1
2013
Equity
Residual
CashafterTaxes&Debt
NPV
CumNPV
IRR
1.6
1.6
1.6
1.6
1.7
1.7
1.7
1.7
1.8
1.6
1.9
1.9
1.9
1.9
1.9
360
333
(5,767)
374
321
(5,446)
388
308
(5,138)
403
296
(4,842)
417
284
(4,559)
431
272
(4,287)
445
260
(4,027)
460
248
(3,779)
474
237
(3,541)
376
174
(3,367)
584
250
(3,117)
587
233
(2,884)
590
217
(2,667)
592
202
(2,465)
594
187
(2,278)
1,743
7,843
(6,100)
(6,100)
775
9%
StudyYear
CalendarYear
No
1
a
b
c
d
e
f
g
h
i
j
k
l
m
2
a
b
c
d
e
f
g
h
3
a
b
c
4
a
b
c
d
e
5
a
b
c
d
6
(1)CaterpillarG3520
SimpleCycle
Item
Costs($1,000's)
InitialInvestment
FixedO&M
VariableO&M
GasFuelforSteam
GasFuelforSales
OtherFuel
Transportation
PropertyTaxes
Insurance
MajorMaintenance
Other
a
b
c
d
e
f
g
17
2029
18
2030
19
2031
20
2032
21
2033
22
2034
23
2035
24
2036
25
2037
26
2038
27
2039
28
2040
29
2041
30
2042
1,320
470
5,100
0
0
1,353
482
5,244
0
0
1,387
494
5,391
0
0
1,422
507
5,543
0
0
1,458
519
5,526
0
0
1,494
532
5,682
0
0
1,531
546
5,843
0
0
1,570
559
6,009
0
0
1,609
573
6,179
0
0
1,649
587
6,354
0
0
1,690
602
6,534
0
0
1,733
617
6,719
0
0
1,776
633
6,909
0
0
1,820
648
7,105
0
0
1,866
665
7,074
0
0
0
259
129
0
0
265
133
0
0
272
136
0
0
279
139
0
0
286
143
328
0
293
146
0
0
300
150
0
0
308
154
0
0
315
158
0
0
323
162
0
0
331
166
0
0
340
170
0
0
348
174
0
0
357
178
0
0
366
183
420
TotalCost
7,279
7,477
7,681
7,890
8,259
8,148
8,370
8,599
8,834
9,075
9,323
9,578
9,840
10,109
10,572
Revenues($1,000's)
Energy
AvoidedDistribution
Credits/RECs
Steam
FuelSales
HotWater
TotalRevenues
5,400
2,314
355
0
0
0
578
8,648
5,535
2,372
364
0
0
0
593
8,864
5,674
2,432
373
0
0
0
608
9,086
5,815
2,492
382
0
0
0
623
9,313
5,961
2,555
392
0
0
0
638
9,546
6,110
2,618
402
0
0
0
654
9,784
6,262
2,684
412
0
0
0
671
10,029
6,419
2,751
422
0
0
0
688
10,280
6,580
2,820
433
0
0
0
705
10,537
6,744
2,890
443
0
0
0
722
10,800
6,913
2,963
455
0
0
0
740
11,070
7,085
3,037
466
0
0
0
759
11,347
7,263
3,113
478
0
0
0
778
11,631
7,444
3,190
490
0
0
0
797
11,921
7,630
3,270
502
0
0
0
817
12,219
493
136
629
518
112
629
544
86
629
571
59
629
599
30
629
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
TaxableIncome
Fed&StateTaxes
1,369
(136)
(871)
361
145
1,387
(112)
(871)
404
162
1,405
(86)
(871)
448
179
1,423
(59)
(871)
493
197
1,287
(30)
(871)
385
154
1,637
0
0
1,637
655
1,659
0
0
1,659
664
1,681
0
0
1,681
672
1,703
0
0
1,703
681
1,725
0
0
1,725
690
1,747
0
0
1,747
699
1,769
0
0
1,769
708
1,791
0
0
1,791
716
1,812
0
0
1,812
725
1,647
0
0
1,647
659
CashFlows($1,000's)
Cash,PreTax,PreDebt
Fed&StateIncomeTax
DebtService
CashafterTaxes&Debt
1,369
(145)
(629)
595
1,387
(162)
(629)
596
1,405
(179)
(629)
597
1,423
(197)
(629)
596
1,287
(154)
(629)
503
1,637
(655)
0
982
1,659
(664)
0
995
1,681
(672)
0
1,009
1,703
(681)
0
1,022
1,725
(690)
0
1,035
1,747
(699)
0
1,048
1,769
(708)
0
1,061
1,791
(716)
0
1,074
1,812
(725)
0
1,087
1,647
(659)
0
988
NA
DebtService
Principal
Interest
TotalDebtService
Taxes($1,000's)
Cash,PreTax,PreDebt
InterestPayment
Depreciation
DebtCoverageRatio
16
2028
Equity
Residual
CashafterTaxes&Debt
NPV
CumNPV
IRR
1.9
1.9
1.9
1.9
1.8
NA
NA
NA
NA
NA
NA
NA
NA
NA
595
174
(2,105)
596
161
(1,943)
597
149
(1,794)
596
138
(1,656)
503
108
(1,548)
982
195
(1,353)
995
183
(1,170)
1,009
172
(998)
1,022
161
(837)
1,035
151
(686)
1,048
142
(544)
1,061
133
(411)
1,074
125
(287)
1,087
117
(170)
9,140
10,128
1,007
837
StudyYear
CalendarYear
No
1
a
b
c
d
e
f
g
h
i
j
k
l
m
2
a
b
c
d
e
f
g
h
3
a
b
c
4
a
b
c
d
e
5
a
b
c
d
6
(1)SolarMercury50
SimpleCycle
Item
Costs($1,000's)
InitialInvestment
FixedO&M
VariableO&M
GasFuelforSteam
GasFuelforSales
OtherFuel
Transportation
PropertyTaxes
Insurance
MajorMaintenance
Other
0
2012
a
b
c
d
e
f
g
2
2014
3
2015
4
2016
5
2017
6
2018
7
2019
8
2020
9
2021
10
2022
11
2023
12
2024
13
2025
14
2026
15
2027
11,726
889
317
2,358
0
0
912
325
2,428
0
0
935
333
2,499
0
0
958
341
2,573
0
0
982
350
2,649
0
0
1,006
359
2,727
0
0
1,032
367
2,723
0
0
1,057
377
2,803
0
0
1,084
386
2,886
0
0
1,111
396
2,971
0
0
1,139
406
3,058
0
0
1,167
416
3,148
0
0
1,196
426
3,241
0
0
1,226
437
3,237
0
0
1,257
448
3,332
0
0
1,288
459
3,431
0
0
117
59
100
0
120
60
0
0
123
62
0
0
126
63
0
0
129
65
0
0
133
66
0
0
136
68
116
0
139
70
0
0
143
71
0
0
146
73
0
0
150
75
0
0
154
77
0
0
158
79
0
0
162
81
138
0
166
83
0
0
170
85
0
3,845
3,952
4,062
4,174
4,290
4,442
4,446
4,570
4,697
4,828
4,962
5,100
5,280
5,285
5,432
2,736
1,173
91
0
0
0
0
4,000
2,804
1,202
93
0
0
0
0
4,100
2,875
1,232
96
0
0
0
0
4,202
2,946
1,263
98
0
0
0
0
4,307
3,020
1,294
100
0
0
0
0
4,415
3,096
1,327
103
0
0
0
0
4,525
3,173
1,360
106
0
0
0
0
4,638
3,252
1,394
108
0
0
0
0
4,754
3,334
1,429
111
0
0
0
0
4,873
3,417
1,464
114
0
0
0
0
4,995
3,502
1,501
117
0
0
0
0
5,120
3,590
1,539
119
0
0
0
0
5,248
3,680
1,577
122
0
0
0
0
5,379
3,772
1,616
125
0
0
0
0
5,514
3,866
1,657
129
0
0
0
0
5,651
160
264
423
168
256
423
176
247
423
185
239
423
194
229
423
204
220
423
214
210
423
225
199
423
236
188
423
248
176
423
260
163
423
273
150
423
287
137
423
301
122
423
316
107
423
TaxableIncome
Fed&StateTaxes
155
(264)
(871)
(980)
0
148
(256)
(871)
(979)
0
141
(247)
(871)
(978)
0
133
(239)
(871)
(977)
0
125
(229)
(871)
(976)
0
83
(220)
(871)
(1,008)
0
192
(210)
(871)
(889)
0
184
(199)
(871)
(886)
0
176
(188)
(871)
(883)
0
167
(176)
(871)
(880)
0
158
(163)
(871)
(877)
0
148
(150)
(871)
(874)
0
99
(137)
(871)
(909)
0
228
(122)
(871)
(766)
0
219
(107)
(871)
(760)
0
CashFlows($1,000's)
Cash,PreTax,PreDebt
Fed&StateIncomeTax
DebtService
CashafterTaxes&Debt
155
0
(423)
(268)
148
0
(423)
(275)
141
0
(423)
(283)
133
0
(423)
(291)
125
0
(423)
(299)
83
0
(423)
(340)
192
0
(423)
(231)
184
0
(423)
(239)
176
0
(423)
(247)
167
0
(423)
(256)
158
0
(423)
(266)
148
0
(423)
(275)
99
0
(423)
(324)
228
0
(423)
(195)
219
0
(423)
(204)
TotalCost
Revenues($1,000's)
Energy
AvoidedDistribution
Credits/RECs
Steam
FuelSales
Other
TotalRevenues
DebtService
Principal
Interest
2,669
1,144
89
0
0
0
0
5,277
TotalDebtService
Taxes($1,000's)
Cash,PreTax,PreDebt
InterestPayment
Depreciation
DebtCoverageRatio
1
2013
Equity
Residual
CashafterTaxes&Debt
NPV
CumNPV
IRR
0.4
0.3
0.3
0.3
0.3
0.2
0.5
0.4
0.4
0.4
0.4
0.3
0.2
0.5
0.5
(268)
(249)
(4,353)
(275)
(236)
(4,589)
(283)
(224)
(4,813)
(291)
(214)
(5,027)
(299)
(203)
(5,230)
(340)
(214)
(5,444)
(231)
(135)
(5,580)
(239)
(129)
(5,709)
(247)
(124)
(5,833)
(256)
(119)
(5,951)
(266)
(114)
(6,065)
(275)
(109)
(6,174)
(324)
(119)
(6,294)
(195)
(66)
(6,360)
(204)
(64)
(6,425)
1,173
5,277
(4,104)
(4,104)
(5,466)
#DIV/0!
StudyYear
CalendarYear
No
1
a
b
c
d
e
f
g
h
i
j
k
l
m
2
a
b
c
d
e
f
g
h
3
a
b
c
4
a
b
c
d
e
5
a
b
c
d
6
(1)SolarMercury50
SimpleCycle
Item
Costs($1,000's)
InitialInvestment
FixedO&M
VariableO&M
GasFuelforSteam
GasFuelforSales
OtherFuel
Transportation
PropertyTaxes
Insurance
MajorMaintenance
Other
a
b
c
d
e
f
g
17
2029
18
2030
19
2031
20
2032
21
2033
22
2034
23
2035
24
2036
25
2037
26
2038
27
2039
28
2040
29
2041
30
2042
1,320
470
3,532
0
0
1,353
482
3,636
0
0
1,387
494
3,743
0
0
1,422
507
3,853
0
0
1,458
519
3,848
0
0
1,494
532
3,961
0
0
1,531
546
4,078
0
0
1,570
559
4,198
0
0
1,609
573
4,322
0
0
1,649
587
4,449
0
0
1,690
602
4,579
0
0
1,733
617
4,574
0
0
1,776
633
4,709
0
0
1,820
648
4,847
0
0
1,866
665
4,990
0
0
0
174
87
0
0
178
89
0
0
183
91
0
0
187
94
0
0
192
96
164
0
197
98
0
0
202
101
0
0
207
103
0
0
212
106
0
0
217
109
0
0
223
111
0
0
228
114
195
0
234
117
0
0
240
120
0
0
246
123
0
TotalCost
5,584
5,739
5,898
6,062
6,277
6,283
6,458
6,637
6,822
7,011
7,206
7,461
7,468
7,676
7,889
Revenues($1,000's)
Energy
AvoidedDistribution
Credits/RECs
Steam
FuelSales
Other
TotalRevenues
3,963
1,698
132
0
0
0
0
5,793
4,062
1,741
135
0
0
0
0
5,938
4,163
1,784
138
0
0
0
0
6,086
4,267
1,829
142
0
0
0
0
6,238
4,374
1,875
146
0
0
0
0
6,394
4,483
1,921
149
0
0
0
0
6,554
4,595
1,969
153
0
0
0
0
6,718
4,710
2,019
157
0
0
0
0
6,886
4,828
2,069
161
0
0
0
0
7,058
4,949
2,121
165
0
0
0
0
7,234
5,073
2,174
169
0
0
0
0
7,415
5,199
2,228
173
0
0
0
0
7,601
5,329
2,284
177
0
0
0
0
7,791
5,463
2,341
182
0
0
0
0
7,985
5,599
2,400
186
0
0
0
0
8,185
332
92
423
348
75
423
366
58
423
384
39
423
403
20
423
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
TaxableIncome
Fed&StateTaxes
209
(92)
(871)
(754)
0
199
(75)
(871)
(748)
0
188
(58)
(871)
(741)
0
176
(39)
(871)
(735)
0
118
(20)
(871)
(774)
0
271
0
0
271
108
260
0
0
260
104
249
0
0
249
99
236
0
0
236
94
223
0
0
223
89
209
0
0
209
84
140
0
0
140
56
322
0
0
322
129
309
0
0
309
124
296
0
0
296
118
CashFlows($1,000's)
Cash,PreTax,PreDebt
Fed&StateIncomeTax
DebtService
CashafterTaxes&Debt
209
0
(423)
(214)
199
0
(423)
(225)
188
0
(423)
(236)
176
0
(423)
(247)
118
0
(423)
(306)
271
(108)
0
163
260
(104)
0
156
249
(99)
0
149
236
(94)
0
142
223
(89)
0
134
209
(84)
0
125
140
(56)
0
84
322
(129)
0
193
309
(124)
0
186
296
(118)
0
177
DebtService
Principal
Interest
TotalDebtService
Taxes($1,000's)
Cash,PreTax,PreDebt
InterestPayment
Depreciation
DebtCoverageRatio
16
2028
Equity
Residual
CashafterTaxes&Debt
NPV
CumNPV
IRR
0.5
0.5
0.4
0.4
0.3
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
(214)
(63)
(6,487)
(225)
(61)
(6,548)
(236)
(59)
(6,607)
(247)
(57)
(6,664)
(306)
(66)
(6,730)
163
32
(6,698)
156
29
(6,669)
149
25
(6,643)
142
22
(6,621)
134
20
(6,602)
125
17
(6,585)
84
10
(6,574)
193
22
(6,552)
186
20
(6,532)
6,149
6,326
629
(5,903)
StudyYear
CalendarYear
No
1
a
b
c
d
e
f
g
h
i
j
k
l
m
2
a
b
c
d
e
f
g
h
3
a
b
c
4
a
b
c
d
e
5
a
b
c
d
6
(3)SolarMercury50
SimpleCycle
Item
Costs($1,000's)
InitialInvestment
FixedO&M
VariableO&M
GasFuelforSteam
GasFuelforSales
OtherFuel
Transportation
PropertyTaxes
Insurance
MajorMaintenance
Other
0
2012
a
b
c
d
e
f
g
2
2014
3
2015
4
2016
5
2017
6
2018
7
2019
8
2020
9
2021
10
2022
11
2023
12
2024
13
2025
14
2026
15
2027
26,457
889
317
4,627
0
0
912
325
4,758
0
0
935
333
4,893
0
0
958
341
5,031
0
0
982
350
5,174
0
0
1,006
359
5,320
0
0
1,032
367
5,470
0
0
1,057
377
5,624
0
0
1,084
386
5,783
0
0
1,111
396
5,760
0
0
1,139
406
5,923
0
0
1,167
416
6,091
0
0
1,196
426
6,263
0
0
1,226
437
6,440
0
0
1,257
448
6,623
0
0
1,288
459
6,810
0
0
265
132
100
0
271
136
0
0
278
139
0
0
285
142
0
0
292
146
0
0
299
150
0
0
307
153
0
0
314
157
0
0
322
161
0
0
330
165
125
0
339
169
0
0
347
174
0
0
356
178
0
0
365
182
0
0
374
187
0
0
383
192
0
6,402
6,577
6,758
6,943
7,134
7,329
7,530
7,737
7,887
7,976
8,195
8,419
8,651
8,888
9,132
5,374
2,303
273
0
0
0
0
7,951
5,509
2,361
280
0
0
0
0
8,150
5,646
2,420
287
0
0
0
0
8,353
5,788
2,480
294
0
0
0
0
8,562
5,932
2,542
301
0
0
0
0
8,776
6,081
2,606
309
0
0
0
0
8,996
6,233
2,671
317
0
0
0
0
9,220
6,388
2,738
325
0
0
0
0
9,451
6,548
2,806
333
0
0
0
0
9,687
6,712
2,877
341
0
0
0
0
9,929
6,880
2,948
350
0
0
0
0
10,178
7,052
3,022
358
0
0
0
0
10,432
7,228
3,098
367
0
0
0
0
10,693
7,409
3,175
376
0
0
0
0
10,960
7,594
3,255
386
0
0
0
0
11,234
360
595
955
378
577
955
397
558
955
417
539
955
438
518
955
460
496
955
483
473
955
507
449
955
532
423
955
559
397
955
587
369
955
616
340
955
647
309
955
679
276
955
713
242
955
TaxableIncome
Fed&StateTaxes
1,549
(595)
(871)
82
33
1,572
(577)
(871)
123
49
1,596
(558)
(871)
166
66
1,619
(539)
(871)
209
84
1,643
(518)
(871)
253
101
1,666
(496)
(871)
299
120
1,690
(473)
(871)
346
138
1,714
(449)
(871)
394
158
1,800
(423)
(871)
505
202
1,954
(397)
(871)
686
274
1,983
(369)
(871)
743
297
2,013
(340)
(871)
802
321
2,042
(309)
(871)
862
345
2,072
(276)
(871)
925
370
2,103
(242)
(871)
989
395
CashFlows($1,000's)
Cash,PreTax,PreDebt
Fed&StateIncomeTax
DebtService
CashafterTaxes&Debt
1,549
(33)
(955)
561
1,572
(49)
(955)
568
1,596
(66)
(955)
574
1,619
(84)
(955)
580
1,643
(101)
(955)
586
1,666
(120)
(955)
591
1,690
(138)
(955)
597
1,714
(158)
(955)
601
1,800
(202)
(955)
643
1,954
(274)
(955)
724
1,983
(297)
(955)
731
2,013
(321)
(955)
737
2,042
(345)
(955)
742
2,072
(370)
(955)
747
2,103
(395)
(955)
752
TotalCost
Revenues($1,000's)
Energy
AvoidedDistribution
Credits/RECs
Steam
FuelSales
Other
TotalRevenues
5,243
2,247
266
0
0
0
0
11,906
DebtService
Principal
Interest
TotalDebtService
Taxes($1,000's)
Cash,PreTax,PreDebt
InterestPayment
Depreciation
DebtCoverageRatio
1
2013
Equity
Residual
CashafterTaxes&Debt
NPV
CumNPV
IRR
1.6
1.6
1.6
1.6
1.6
1.6
1.6
1.6
1.7
1.8
1.8
1.8
1.8
1.8
1.8
561
519
(8,741)
568
487
(8,254)
574
456
(7,799)
580
426
(7,372)
586
399
(6,973)
591
373
(6,601)
597
348
(6,253)
601
325
(5,928)
643
321
(5,606)
724
335
(5,271)
731
313
(4,958)
737
293
(4,665)
742
273
(4,392)
747
254
(4,138)
752
237
(3,901)
2,646
11,906
(9,260)
(9,260)
764
9%
StudyYear
CalendarYear
No
1
a
b
c
d
e
f
g
h
i
j
k
l
m
2
a
b
c
d
e
f
g
h
3
a
b
c
4
a
b
c
d
e
5
a
b
c
d
6
(3)SolarMercury50
SimpleCycle
Item
Costs($1,000's)
InitialInvestment
FixedO&M
VariableO&M
GasFuelforSteam
GasFuelforSales
OtherFuel
Transportation
PropertyTaxes
Insurance
MajorMaintenance
Other
a
b
c
d
e
f
g
17
2029
18
2030
19
2031
20
2032
21
2033
22
2034
23
2035
24
2036
25
2037
26
2038
27
2039
28
2040
29
2041
30
2042
1,320
470
7,002
0
0
1,353
482
7,200
0
0
1,387
494
7,403
0
0
1,422
507
7,374
0
0
1,458
519
7,582
0
0
1,494
532
7,797
0
0
1,531
546
8,018
0
0
1,570
559
8,244
0
0
1,609
573
8,477
0
0
1,649
587
8,717
0
0
1,690
602
8,963
0
0
1,733
617
9,216
0
0
1,776
633
9,477
0
0
1,820
648
9,439
0
0
1,866
665
9,706
0
0
0
393
196
0
0
403
201
0
0
413
206
0
0
423
211
160
0
434
217
0
0
444
222
0
0
455
228
0
0
467
233
0
0
479
239
0
0
491
245
0
0
503
251
0
0
515
258
0
0
528
264
0
0
541
271
205
0
555
277
0
TotalCost
9,382
9,639
9,904
10,097
10,209
10,490
10,778
11,073
11,377
11,689
12,010
12,339
12,677
12,924
13,069
Revenues($1,000's)
Energy
AvoidedDistribution
Credits/RECs
Steam
FuelSales
Other
TotalRevenues
7,784
3,336
395
0
0
0
0
11,515
7,978
3,419
405
0
0
0
0
11,803
8,178
3,505
415
0
0
0
0
12,098
8,382
3,592
426
0
0
0
0
12,401
8,592
3,682
437
0
0
0
0
12,711
8,807
3,774
447
0
0
0
0
13,028
9,027
3,869
459
0
0
0
0
13,354
9,252
3,965
470
0
0
0
0
13,688
9,484
4,064
482
0
0
0
0
14,030
9,721
4,166
494
0
0
0
0
14,381
9,964
4,270
506
0
0
0
0
14,740
10,213
4,377
519
0
0
0
0
15,109
10,468
4,486
532
0
0
0
0
15,487
10,730
4,599
545
0
0
0
0
15,874
10,998
4,714
559
0
0
0
0
16,271
749
207
955
786
169
955
825
130
955
867
89
955
910
45
955
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
TaxableIncome
Fed&StateTaxes
2,133
(207)
(871)
1,055
422
2,164
(169)
(871)
1,123
449
2,195
(130)
(871)
1,193
477
2,304
(89)
(871)
1,344
537
2,501
(45)
(871)
1,584
634
2,539
0
0
2,539
1,015
2,576
0
0
2,576
1,031
2,614
0
0
2,614
1,046
2,653
0
0
2,653
1,061
2,692
0
0
2,692
1,077
2,731
0
0
2,731
1,092
2,770
0
0
2,770
1,108
2,809
0
0
2,809
1,124
2,949
0
0
2,949
1,180
3,202
0
0
3,202
1,281
CashFlows($1,000's)
Cash,PreTax,PreDebt
Fed&StateIncomeTax
DebtService
CashafterTaxes&Debt
2,133
(422)
(955)
756
2,164
(449)
(955)
759
2,195
(477)
(955)
762
2,304
(537)
(955)
811
2,501
(634)
(955)
912
2,539
(1,015)
0
1,523
2,576
(1,031)
0
1,546
2,614
(1,046)
0
1,569
2,653
(1,061)
0
1,592
2,692
(1,077)
0
1,615
2,731
(1,092)
0
1,638
2,770
(1,108)
0
1,662
2,809
(1,124)
0
1,686
2,949
(1,180)
0
1,770
3,202
(1,281)
0
1,921
NA
DebtService
Principal
Interest
TotalDebtService
Taxes($1,000's)
Cash,PreTax,PreDebt
InterestPayment
Depreciation
DebtCoverageRatio
16
2028
Equity
Residual
CashafterTaxes&Debt
NPV
CumNPV
IRR
1.8
1.8
1.8
1.8
2.0
NA
NA
NA
NA
NA
NA
NA
NA
NA
756
221
(3,680)
759
205
(3,475)
762
191
(3,284)
811
188
(3,096)
912
196
(2,901)
1,523
303
(2,598)
1,546
284
(2,314)
1,569
267
(2,046)
1,592
251
(1,795)
1,615
236
(1,560)
1,638
222
(1,338)
1,662
208
(1,130)
1,686
195
(935)
1,770
190
(745)
13,874
15,795
1,570
825
StudyYear
CalendarYear
No
1
a
b
c
d
e
f
g
h
i
j
k
l
m
2
a
b
c
d
e
f
g
h
3
a
b
c
4
a
b
c
d
e
5
a
b
c
d
6
(1)SolarTaurus60
SimpleCycle
Item
Costs($1,000's)
InitialInvestment
FixedO&M
VariableO&M
GasFuelforSteam
GasFuelforSales
OtherFuel
Transportation
PropertyTaxes
Insurance
MajorMaintenance
Other
0
2012
a
b
c
d
e
f
g
2
2014
3
2015
4
2016
5
2017
6
2018
7
2019
8
2020
9
2021
10
2022
11
2023
12
2024
13
2025
14
2026
15
2027
10,675
889
317
2,317
0
0
912
325
2,381
0
0
935
333
2,448
0
0
958
341
2,516
0
0
982
350
2,587
0
0
1,006
359
2,659
0
0
1,032
367
2,733
0
0
1,057
377
2,809
0
0
1,084
386
2,887
0
0
1,111
396
2,968
0
0
1,139
406
2,957
0
0
1,167
416
3,040
0
0
1,196
426
3,125
0
0
1,226
437
3,212
0
0
1,257
448
3,302
0
0
1,288
459
3,394
0
0
107
53
100
0
109
55
0
0
112
56
0
0
115
57
0
0
118
59
0
0
121
60
0
0
124
62
0
0
127
63
0
0
130
65
0
0
133
67
0
0
137
68
128
0
140
70
0
0
144
72
0
0
147
74
0
0
151
75
0
0
155
77
0
3,782
3,884
3,988
4,095
4,205
4,318
4,433
4,552
4,674
4,834
4,833
4,962
5,096
5,232
5,373
2,197
941
116
0
0
0
0
3,254
2,252
965
119
0
0
0
0
3,335
2,308
989
121
0
0
0
0
3,418
2,366
1,014
125
0
0
0
0
3,504
2,425
1,039
128
0
0
0
0
3,591
2,485
1,065
131
0
0
0
0
3,681
2,547
1,092
134
0
0
0
0
3,773
2,611
1,119
137
0
0
0
0
3,868
2,676
1,147
141
0
0
0
0
3,964
2,743
1,176
144
0
0
0
0
4,063
2,812
1,205
148
0
0
0
0
4,165
2,882
1,235
152
0
0
0
0
4,269
2,954
1,266
155
0
0
0
0
4,376
3,028
1,298
159
0
0
0
0
4,485
3,104
1,330
163
0
0
0
0
4,597
145
240
385
153
233
385
160
225
385
168
217
385
177
209
385
185
200
385
195
191
385
204
181
385
215
171
385
225
160
385
237
149
385
248
137
385
261
125
385
274
112
385
288
98
385
TaxableIncome
Fed&StateTaxes
(528)
(240)
(871)
(1,640)
0
(549)
(233)
(871)
(1,653)
0
(569)
(225)
(871)
(1,666)
0
(591)
(217)
(871)
(1,680)
0
(613)
(209)
(871)
(1,694)
0
(636)
(200)
(871)
(1,708)
0
(660)
(191)
(871)
(1,722)
0
(685)
(181)
(871)
(1,737)
0
(710)
(171)
(871)
(1,752)
0
(771)
(160)
(871)
(1,803)
0
(668)
(149)
(871)
(1,688)
0
(693)
(137)
(871)
(1,702)
0
(720)
(125)
(871)
(1,716)
0
(747)
(112)
(871)
(1,730)
0
(775)
(98)
(871)
(1,745)
0
CashFlows($1,000's)
Cash,PreTax,PreDebt
Fed&StateIncomeTax
DebtService
CashafterTaxes&Debt
(528)
0
(385)
(914)
(549)
0
(385)
(934)
(569)
0
(385)
(955)
(591)
0
(385)
(977)
(613)
0
(385)
(999)
(636)
0
(385)
(1,022)
(660)
0
(385)
(1,046)
(685)
0
(385)
(1,070)
(710)
0
(385)
(1,096)
(771)
0
(385)
(1,157)
(668)
0
(385)
(1,053)
(693)
0
(385)
(1,079)
(720)
0
(385)
(1,105)
(747)
0
(385)
(1,133)
(775)
0
(385)
(1,161)
<0
<0
<0
<0
<0
<0
TotalCost
Revenues($1,000's)
Energy
AvoidedDistribution
Credits/RECs
Steam
FuelSales
Other
TotalRevenues
2,143
918
113
0
0
0
0
4,804
DebtService
Principal
Interest
TotalDebtService
Taxes($1,000's)
Cash,PreTax,PreDebt
InterestPayment
Depreciation
DebtCoverageRatio
1
2013
Equity
Residual
CashafterTaxes&Debt
NPV
CumNPV
IRR
<0
<0
<0
<0
<0
<0
<0
<0
<0
(914)
(846)
(4,583)
(934)
(801)
(5,384)
(955)
(758)
(6,142)
(977)
(718)
(6,859)
(999)
(680)
(7,539)
(1,022)
(644)
(8,183)
(1,046)
(610)
(8,793)
(1,070)
(578)
(9,371)
(1,096)
(548)
(9,919)
1,068
4,804
(3,736)
(3,736)
(13,845)
#DIV/0!
(1,157)
(536)
(10,455)
(1,053)
(452)
(10,907)
(1,079)
(428)
(11,335)
(1,105)
(406)
(11,742)
(1,133)
(386)
(12,127)
(1,161)
(366)
(12,493)
StudyYear
CalendarYear
No
1
a
b
c
d
e
f
g
h
i
j
k
l
m
2
a
b
c
d
e
f
g
h
3
a
b
c
4
a
b
c
d
e
5
a
b
c
d
6
7
a
b
c
d
e
f
g
(1)SolarTaurus60
SimpleCycle
Item
Costs($1,000's)
InitialInvestment
FixedO&M
VariableO&M
GasFuelforSteam
GasFuelforSales
OtherFuel
Transportation
PropertyTaxes
Insurance
MajorMaintenance
Other
16
2028
17
2029
18
2030
19
2031
20
2032
21
2033
22
2034
23
2035
24
2036
25
2037
26
2038
27
2039
28
2040
29
2041
30
2042
1,320
470
3,488
0
0
1,353
482
3,586
0
0
1,387
494
3,686
0
0
1,422
507
3,788
0
0
1,458
519
3,894
0
0
1,494
532
3,880
0
0
1,531
546
3,988
0
0
1,570
559
4,100
0
0
1,609
573
4,214
0
0
1,649
587
4,332
0
0
1,690
602
4,453
0
0
1,733
617
4,577
0
0
1,776
633
4,705
0
0
1,820
648
4,836
0
0
1,866
665
4,971
0
0
0
158
79
0
0
162
81
0
0
167
83
0
0
171
85
0
0
175
87
0
0
179
90
168
0
184
92
0
0
188
94
0
0
193
97
0
0
198
99
0
0
203
101
0
0
208
104
0
0
213
107
0
0
218
109
0
0
224
112
0
TotalCost
5,517
5,665
5,817
5,973
6,133
6,343
6,341
6,511
6,686
6,865
7,050
7,239
7,433
7,632
7,837
Revenues($1,000's)
Energy
AvoidedDistribution
Credits/RECs
Steam
FuelSales
Other
TotalRevenues
3,181
1,363
167
0
0
0
0
4,712
3,261
1,398
172
0
0
0
0
4,830
3,342
1,432
176
0
0
0
0
4,951
3,426
1,468
180
0
0
0
0
5,075
3,512
1,505
185
0
0
0
0
5,201
3,599
1,543
189
0
0
0
0
5,332
3,689
1,581
194
0
0
0
0
5,465
3,782
1,621
199
0
0
0
0
5,601
3,876
1,661
204
0
0
0
0
5,741
3,973
1,703
209
0
0
0
0
5,885
4,072
1,745
214
0
0
0
0
6,032
4,174
1,789
220
0
0
0
0
6,183
4,279
1,834
225
0
0
0
0
6,337
4,386
1,880
231
0
0
0
0
6,496
4,495
1,927
237
0
0
0
0
6,658
302
83
385
317
68
385
333
52
385
350
36
385
367
18
385
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
TaxableIncome
Fed&StateTaxes
(805)
(83)
(871)
(1,760)
0
(835)
(68)
(871)
(1,775)
0
(866)
(52)
(871)
(1,790)
0
(898)
(36)
(871)
(1,806)
0
(932)
(18)
(871)
(1,822)
0
(1,012)
0
0
(1,012)
0
(876)
0
0
(876)
0
(910)
0
0
(910)
0
(945)
0
0
(945)
0
(980)
0
0
(980)
0
(1,018)
0
0
(1,018)
0
(1,056)
0
0
(1,056)
0
(1,095)
0
0
(1,095)
0
(1,136)
0
0
(1,136)
0
(1,179)
0
0
(1,179)
0
CashFlows($1,000's)
Cash,PreTax,PreDebt
Fed&StateIncomeTax
DebtService
CashafterTaxes&Debt
(805)
0
(385)
(1,190)
(835)
0
(385)
(1,220)
(866)
0
(385)
(1,252)
(898)
0
(385)
(1,284)
(932)
0
(385)
(1,317)
(1,012)
0
0
(1,012)
(876)
0
0
(876)
(910)
0
0
(910)
(945)
0
0
(945)
(980)
0
0
(980)
(1,018)
0
0
(1,018)
(1,056)
0
0
(1,056)
(1,095)
0
0
(1,095)
(1,136)
0
0
(1,136)
(1,179)
0
0
(1,179)
DebtCoverageRatio
<0
<0
<0
<0
<0
NA
NA
NA
NA
NA
NA
DebtService
Principal
Interest
TotalDebtService
Taxes($1,000's)
Cash,PreTax,PreDebt
InterestPayment
Depreciation
Equity
Residual
CashafterTaxes&Debt
NPV
CumNPV
IRR
(1,190)
(347)
(12,841)
(1,220)
(330)
(13,170)
(1,252)
(313)
(13,484)
(1,284)
(297)
(13,781)
(1,317)
(283)
(14,064)
(1,012)
(201)
(14,265)
NA
(876)
(161)
(14,426)
NA
(910)
(155)
(14,581)
NA
(945)
(149)
(14,730)
NA
(980)
(143)
(14,873)
(1,018)
(138)
(15,011)
(1,056)
(132)
(15,143)
(1,095)
(127)
(15,270)
(1,136)
(122)
(15,392)
5,598
4,419
439
(14,952)
StudyYear
CalendarYear
No
1
a
b
c
d
e
f
g
h
i
j
k
l
m
2
a
b
c
d
e
f
g
h
3
a
b
c
4
a
b
c
d
e
5
a
b
c
d
6
(3)SolarTaurus60
SimpleCycle
Item
Costs($1,000's)
InitialInvestment
FixedO&M
VariableO&M
GasFuelforSteam
GasFuelforSales
OtherFuel
Transportation
PropertyTaxes
Insurance
MajorMaintenance
Other
0
2012
a
b
c
d
e
f
g
2
2014
3
2015
4
2016
5
2017
6
2018
7
2019
8
2020
9
2021
10
2022
11
2023
12
2024
13
2025
14
2026
15
2027
22,931
889
317
8,094
0
0
912
325
8,326
0
0
935
333
8,564
0
0
958
341
8,810
0
0
982
350
9,062
0
0
1,006
359
9,321
0
0
1,032
367
9,588
0
0
1,057
377
9,862
0
0
1,084
386
9,826
0
0
1,111
396
10,108
0
0
1,139
406
10,398
0
0
1,167
416
10,695
0
0
1,196
426
11,002
0
0
1,226
437
11,317
0
0
1,257
448
11,641
0
0
1,288
459
11,974
0
0
229
115
100
0
235
118
0
0
241
120
0
0
247
123
0
0
253
127
0
0
259
130
0
0
266
133
0
0
273
136
0
0
279
140
122
0
286
143
0
0
294
147
0
0
301
150
0
0
308
154
0
0
316
158
0
0
324
162
0
0
332
166
0
9,915
10,193
10,479
10,773
11,075
11,386
11,705
11,837
12,044
12,382
12,730
13,087
13,454
13,831
14,219
7,668
3,286
347
0
0
0
0
11,301
7,860
3,369
356
0
0
0
0
11,584
8,056
3,453
364
0
0
0
0
11,874
8,258
3,539
374
0
0
0
0
12,170
8,464
3,628
383
0
0
0
0
12,475
8,676
3,718
392
0
0
0
0
12,787
8,893
3,811
402
0
0
0
0
13,106
9,115
3,906
412
0
0
0
0
13,434
9,343
4,004
423
0
0
0
0
13,770
9,577
4,104
433
0
0
0
0
14,114
9,816
4,207
444
0
0
0
0
14,467
10,061
4,312
455
0
0
0
0
14,829
10,313
4,420
466
0
0
0
0
15,199
10,571
4,530
478
0
0
0
0
15,579
10,835
4,644
490
0
0
0
0
15,969
312
516
828
328
500
828
344
484
828
361
467
828
379
449
828
398
430
828
418
410
828
439
389
828
461
367
828
484
344
828
508
320
828
534
294
828
560
268
828
588
240
828
618
210
828
TaxableIncome
Fed&StateTaxes
1,387
(516)
(871)
(1)
0
1,391
(500)
(871)
19
8
1,395
(484)
(871)
39
16
1,397
(467)
(871)
59
24
1,400
(449)
(871)
79
32
1,401
(430)
(871)
100
40
1,401
(410)
(871)
120
48
1,597
(389)
(871)
337
135
1,726
(367)
(871)
488
195
1,732
(344)
(871)
517
207
1,737
(320)
(871)
546
218
1,742
(294)
(871)
576
230
1,745
(268)
(871)
606
242
1,748
(240)
(871)
637
255
1,750
(210)
(871)
668
267
CashFlows($1,000's)
Cash,PreTax,PreDebt
Fed&StateIncomeTax
DebtService
CashafterTaxes&Debt
1,387
0
(828)
559
1,391
(8)
(828)
555
1,395
(16)
(828)
551
1,397
(24)
(828)
546
1,400
(32)
(828)
540
1,401
(40)
(828)
533
1,401
(48)
(828)
525
1,597
(135)
(828)
635
1,726
(195)
(828)
703
1,732
(207)
(828)
697
1,737
(218)
(828)
691
1,742
(230)
(828)
683
1,745
(242)
(828)
675
1,748
(255)
(828)
665
1,750
(267)
(828)
654
TotalCost
Revenues($1,000's)
Energy
AvoidedDistribution
Credits/RECs
Steam
FuelSales
Other
TotalRevenues
7,481
3,206
338
0
0
0
0
10,319
DebtService
Principal
Interest
TotalDebtService
Taxes($1,000's)
Cash,PreTax,PreDebt
InterestPayment
Depreciation
DebtCoverageRatio
1
2013
Equity
Residual
CashafterTaxes&Debt
NPV
CumNPV
IRR
1.7
1.7
1.7
1.7
1.7
1.6
1.6
1.8
1.8
1.8
1.8
1.8
1.8
1.8
1.8
559
517
(7,508)
555
476
(7,032)
551
437
(6,595)
546
401
(6,194)
540
367
(5,826)
533
336
(5,491)
525
307
(5,184)
635
343
(4,841)
703
352
(4,490)
697
323
(4,167)
691
296
(3,870)
683
271
(3,599)
675
248
(3,351)
665
226
(3,124)
654
206
(2,918)
2,293
10,319
(8,026)
(8,026)
1,218
9%
StudyYear
CalendarYear
No
1
a
b
c
d
e
f
g
h
i
j
k
l
m
2
a
b
c
d
e
f
g
h
3
a
b
c
4
a
b
c
d
e
5
a
b
c
d
6
16
2028
17
2029
18
2030
19
2031
20
2032
21
2033
22
2034
23
2035
24
2036
25
2037
26
2038
27
2039
28
2040
29
2041
30
2042
1,320
470
12,316
0
0
1,353
482
12,271
0
0
1,387
494
12,623
0
0
1,422
507
12,985
0
0
1,458
519
13,357
0
0
1,494
532
13,740
0
0
1,531
546
14,133
0
0
1,570
559
14,538
0
0
1,609
573
14,954
0
0
1,649
587
15,381
0
0
1,690
602
15,325
0
0
1,733
617
15,765
0
0
1,776
633
16,217
0
0
1,820
648
16,681
0
0
1,866
665
17,159
0
0
0
340
170
0
0
349
174
152
0
358
179
0
0
367
183
0
0
376
188
0
0
385
193
0
0
395
197
0
0
405
202
0
0
415
207
0
0
425
213
0
0
436
218
190
0
447
223
0
0
458
229
0
0
469
235
0
0
481
240
0
TotalCost
14,618
14,782
15,041
15,463
15,898
16,344
16,802
17,274
17,758
18,256
18,461
18,784
19,312
19,854
20,411
Revenues($1,000's)
Energy
AvoidedDistribution
Credits/RECs
Steam
FuelSales
Other
TotalRevenues
11,106
4,760
502
0
0
0
0
16,368
11,384
4,879
515
0
0
0
0
16,777
11,668
5,001
528
0
0
0
0
17,197
11,960
5,126
541
0
0
0
0
17,626
12,259
5,254
555
0
0
0
0
18,067
12,565
5,385
568
0
0
0
0
18,519
12,879
5,520
583
0
0
0
0
18,982
13,201
5,658
597
0
0
0
0
19,456
13,531
5,799
612
0
0
0
0
19,943
13,870
5,944
627
0
0
0
0
20,441
14,216
6,093
643
0
0
0
0
20,952
14,572
6,245
659
0
0
0
0
21,476
14,936
6,401
676
0
0
0
0
22,013
15,310
6,561
693
0
0
0
0
22,563
15,692
6,725
710
0
0
0
0
23,127
649
179
828
681
147
828
715
113
828
751
77
828
789
39
828
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
TaxableIncome
Fed&StateTaxes
1,750
(179)
(871)
699
280
1,995
(147)
(871)
977
391
2,155
(113)
(871)
1,171
468
2,163
(77)
(871)
1,215
486
2,170
(39)
(871)
1,259
503
2,175
0
0
2,175
870
2,179
0
0
2,179
872
2,183
0
0
2,183
873
2,185
0
0
2,185
874
2,186
0
0
2,186
874
2,491
0
0
2,491
997
2,692
0
0
2,692
1,077
2,701
0
0
2,701
1,081
2,709
0
0
2,709
1,084
2,716
0
0
2,716
1,087
CashFlows($1,000's)
Cash,PreTax,PreDebt
Fed&StateIncomeTax
DebtService
CashafterTaxes&Debt
1,750
(280)
(828)
642
1,995
(391)
(828)
776
2,155
(468)
(828)
859
2,163
(486)
(828)
849
2,170
(503)
(828)
838
2,175
(870)
0
1,305
2,179
(872)
0
1,308
2,183
(873)
0
1,310
2,185
(874)
0
1,311
2,186
(874)
0
1,311
2,491
(997)
0
1,495
2,692
(1,077)
0
1,615
2,701
(1,081)
0
1,621
2,709
(1,084)
0
1,626
2,716
(1,087)
0
1,630
NA
(3)SolarTaurus60
SimpleCycle
Item
Costs($1,000's)
InitialInvestment
FixedO&M
VariableO&M
GasFuelforSteam
GasFuelforSales
OtherFuel
Transportation
PropertyTaxes
Insurance
MajorMaintenance
Other
DebtService
Principal
Interest
TotalDebtService
Taxes($1,000's)
Cash,PreTax,PreDebt
InterestPayment
Depreciation
DebtCoverageRatio
7
a
b
c
d
e
f
g
Equity
Residual
CashafterTaxes&Debt
NPV
CumNPV
IRR
1.8
1.9
2.0
2.0
2.0
NA
NA
NA
NA
NA
NA
NA
NA
NA
642
188
(2,731)
776
210
(2,521)
859
215
(2,306)
849
197
(2,109)
838
180
(1,929)
1,305
259
(1,670)
1,308
241
(1,430)
1,310
223
(1,206)
1,311
207
(1,000)
1,311
191
(808)
1,495
202
(606)
1,615
202
(404)
1,621
188
(216)
1,626
174
(42)
12,025
13,655
1,357
1,315
StudyYear
CalendarYear
No
1
a
b
c
d
e
f
g
h
i
j
k
l
m
2
a
b
c
d
e
f
g
h
3
a
b
c
4
a
b
c
d
e
5
a
b
c
d
6
(1)SolarTaurus70
SimpleCycle
Item
Costs($1,000's)
InitialInvestment
FixedO&M
VariableO&M
GasFuelforSteam
GasFuelforSales
OtherFuel
Transportation
PropertyTaxes
Insurance
MajorMaintenance
Other
0
2012
a
b
c
d
e
f
g
2
2014
3
2015
4
2016
5
2017
6
2018
7
2019
8
2020
9
2021
10
2022
11
2023
12
2024
13
2025
14
2026
15
2027
12,568
889
317
4,587
0
0
912
325
4,722
0
0
935
333
4,861
0
0
958
341
5,004
0
0
982
350
5,151
0
0
1,006
359
5,302
0
0
1,032
367
5,296
0
0
1,057
377
5,452
0
0
1,084
386
5,613
0
0
1,111
396
5,778
0
0
1,139
406
5,948
0
0
1,167
416
6,123
0
0
1,196
426
6,303
0
0
1,226
437
6,295
0
0
1,257
448
6,481
0
0
1,288
459
6,672
0
0
126
63
100
0
129
64
0
0
132
66
0
0
135
68
0
0
139
69
0
0
142
71
0
0
146
73
116
0
149
75
0
0
153
77
0
0
157
78
0
0
161
80
0
0
165
82
0
0
169
85
0
0
173
87
138
0
178
89
0
0
182
91
0
6,151
6,326
6,506
6,691
6,881
7,029
7,110
7,312
7,520
7,734
7,953
8,179
8,356
8,452
8,692
4,721
2,023
160
0
0
0
0
6,904
4,839
2,074
164
0
0
0
0
7,077
4,960
2,126
168
0
0
0
0
7,254
5,084
2,179
172
0
0
0
0
7,435
5,211
2,233
176
0
0
0
0
7,621
5,341
2,289
181
0
0
0
0
7,812
5,475
2,346
185
0
0
0
0
8,007
5,612
2,405
190
0
0
0
0
8,207
5,752
2,465
195
0
0
0
0
8,412
5,896
2,527
200
0
0
0
0
8,622
6,043
2,590
205
0
0
0
0
8,838
6,194
2,655
210
0
0
0
0
9,059
6,349
2,721
215
0
0
0
0
9,285
6,508
2,789
220
0
0
0
0
9,518
6,671
2,859
226
0
0
0
0
9,756
171
283
454
180
274
454
189
265
454
198
256
454
208
246
454
218
236
454
229
225
454
241
213
454
253
201
454
265
188
454
279
175
454
293
161
454
307
147
454
323
131
454
339
115
454
TaxableIncome
Fed&StateTaxes
753
(283)
(871)
(401)
0
751
(274)
(871)
(395)
0
748
(265)
(871)
(389)
0
744
(256)
(871)
(383)
0
740
(246)
(871)
(377)
0
782
(236)
(871)
(325)
0
897
(225)
(871)
(199)
0
895
(213)
(871)
(190)
0
892
(201)
(871)
(180)
0
889
(188)
(871)
(171)
0
885
(175)
(871)
(162)
0
880
(161)
(871)
(153)
0
930
(147)
(871)
(88)
0
1,066
(131)
(871)
63
25
1,064
(115)
(871)
77
31
CashFlows($1,000's)
Cash,PreTax,PreDebt
Fed&StateIncomeTax
DebtService
CashafterTaxes&Debt
753
0
(454)
299
751
0
(454)
297
748
0
(454)
294
744
0
(454)
291
740
0
(454)
287
782
0
(454)
328
897
0
(454)
443
895
0
(454)
441
892
0
(454)
438
889
0
(454)
435
885
0
(454)
431
880
0
(454)
426
930
0
(454)
476
1,066
(25)
(454)
587
1,064
(31)
(454)
579
TotalCost
Revenues($1,000's)
Energy
AvoidedDistribution
Credits/RECs
Steam
FuelSales
Other
TotalRevenues
DebtService
Principal
Interest
4,606
1,974
156
0
0
0
0
5,656
TotalDebtService
Taxes($1,000's)
Cash,PreTax,PreDebt
InterestPayment
Depreciation
DebtCoverageRatio
1
2013
Equity
Residual
CashafterTaxes&Debt
NPV
CumNPV
IRR
1.7
1.7
1.6
1.6
1.6
1.7
2.0
2.0
2.0
2.0
1.9
1.9
2.0
2.3
2.3
299
277
(4,122)
297
254
(3,868)
294
233
(3,634)
291
214
(3,421)
287
195
(3,225)
328
207
(3,019)
443
258
(2,760)
441
238
(2,522)
438
219
(2,303)
435
202
(2,101)
431
185
(1,916)
426
169
(1,747)
476
175
(1,572)
587
200
(1,372)
579
183
(1,189)
1,257
5,656
(4,399)
(4,399)
1,209
10%
StudyYear
CalendarYear
No
1
a
b
c
d
e
f
g
h
i
j
k
l
m
2
a
b
c
d
e
f
g
h
3
a
b
c
4
a
b
c
d
e
5
a
b
c
d
6
(1)SolarTaurus70
SimpleCycle
Item
Costs($1,000's)
InitialInvestment
FixedO&M
VariableO&M
GasFuelforSteam
GasFuelforSales
OtherFuel
Transportation
PropertyTaxes
Insurance
MajorMaintenance
Other
a
b
c
d
e
f
g
17
2029
18
2030
19
2031
20
2032
21
2033
22
2034
23
2035
24
2036
25
2037
26
2038
27
2039
28
2040
29
2041
30
2042
1,320
470
6,868
0
0
1,353
482
7,070
0
0
1,387
494
7,278
0
0
1,422
507
7,492
0
0
1,458
519
7,483
0
0
1,494
532
7,704
0
0
1,531
546
7,931
0
0
1,570
559
8,164
0
0
1,609
573
8,404
0
0
1,649
587
8,652
0
0
1,690
602
8,906
0
0
1,733
617
8,895
0
0
1,776
633
9,157
0
0
1,820
648
9,427
0
0
1,866
665
9,705
0
0
0
187
93
0
0
191
96
0
0
196
98
0
0
201
100
0
0
206
103
164
0
211
106
0
0
216
108
0
0
222
111
0
0
227
114
0
0
233
117
0
0
239
119
0
0
245
122
195
0
251
125
0
0
257
129
0
0
264
132
0
TotalCost
8,939
9,193
9,454
9,722
9,932
10,046
10,332
10,625
10,927
11,238
11,557
11,806
11,942
12,281
12,630
Revenues($1,000's)
Energy
AvoidedDistribution
Credits/RECs
Steam
FuelSales
Other
TotalRevenues
6,837
2,930
232
0
0
0
0
9,999
7,008
3,004
237
0
0
0
0
10,249
7,184
3,079
243
0
0
0
0
10,506
7,363
3,156
249
0
0
0
0
10,768
7,547
3,235
256
0
0
0
0
11,038
7,736
3,315
262
0
0
0
0
11,313
7,929
3,398
269
0
0
0
0
11,596
8,128
3,483
275
0
0
0
0
11,886
8,331
3,570
282
0
0
0
0
12,183
8,539
3,660
289
0
0
0
0
12,488
8,753
3,751
296
0
0
0
0
12,800
8,971
3,845
304
0
0
0
0
13,120
9,196
3,941
311
0
0
0
0
13,448
9,426
4,040
319
0
0
0
0
13,784
9,661
4,141
327
0
0
0
0
14,129
356
98
454
373
80
454
392
62
454
412
42
454
432
22
454
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
TaxableIncome
Fed&StateTaxes
1,061
(98)
(871)
91
36
1,057
(80)
(871)
105
42
1,052
(62)
(871)
119
47
1,046
(42)
(871)
133
53
1,105
(22)
(871)
212
85
1,267
0
0
1,267
507
1,264
0
0
1,264
506
1,261
0
0
1,261
504
1,256
0
0
1,256
502
1,250
0
0
1,250
500
1,244
0
0
1,244
497
1,314
0
0
1,314
525
1,506
0
0
1,506
602
1,503
0
0
1,503
601
1,499
0
0
1,499
599
CashFlows($1,000's)
Cash,PreTax,PreDebt
Fed&StateIncomeTax
DebtService
CashafterTaxes&Debt
1,061
(36)
(454)
570
1,057
(42)
(454)
561
1,052
(47)
(454)
551
1,046
(53)
(454)
539
1,105
(85)
(454)
567
1,267
(507)
0
760
1,264
(506)
0
759
1,261
(504)
0
756
1,256
(502)
0
754
1,250
(500)
0
750
1,244
(497)
0
746
1,314
(525)
0
788
1,506
(602)
0
904
1,503
(601)
0
902
1,499
(599)
0
899
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
DebtService
Principal
Interest
TotalDebtService
Taxes($1,000's)
Cash,PreTax,PreDebt
InterestPayment
Depreciation
DebtCoverageRatio
16
2028
Equity
Residual
CashafterTaxes&Debt
NPV
CumNPV
IRR
2.3
570
167
(1,023)
2.2
561
152
(871)
2.2
551
138
(734)
2.2
539
125
(609)
2.2
567
122
(487)
760
151
(336)
759
140
(196)
756
129
(68)
754
119
51
750
110
161
746
101
262
788
99
360
904
105
465
902
97
562
6,591
7,490
744
1,306
StudyYear
CalendarYear
No
1
a
b
c
d
e
f
g
h
i
j
k
l
m
2
a
b
c
d
e
f
g
h
3
a
b
c
4
a
b
c
d
e
5
a
b
c
d
6
(2)SolarTaurus70
SimpleCycle
Item
Costs($1,000's)
InitialInvestment
FixedO&M
VariableO&M
GasFuelforSteam
GasFuelforSales
OtherFuel
Transportation
PropertyTaxes
Insurance
MajorMaintenance
Other
0
2012
a
b
c
d
e
f
g
2
2014
3
2015
4
2016
5
2017
6
2018
7
2019
8
2020
9
2021
10
2022
11
2023
12
2024
13
2025
14
2026
15
2027
20,602
889
317
5,453
0
0
912
325
5,605
0
0
935
333
5,763
0
0
958
341
5,924
0
0
982
350
6,090
0
0
1,006
359
6,260
0
0
1,032
367
6,436
0
0
1,057
377
6,616
0
0
1,084
386
6,801
0
0
1,111
396
6,991
0
0
1,139
406
6,959
0
0
1,167
416
7,154
0
0
1,196
426
7,355
0
0
1,226
437
7,561
0
0
1,257
448
7,773
0
0
1,288
459
7,990
0
0
206
103
100
0
211
106
0
0
216
108
0
0
222
111
0
0
227
114
0
0
233
117
0
0
239
119
0
0
245
122
0
0
251
126
0
0
257
129
0
0
264
132
128
0
270
135
0
0
277
139
0
0
284
142
0
0
291
146
0
0
298
149
0
7,159
7,355
7,556
7,763
7,975
8,193
8,417
8,647
8,884
9,027
9,143
9,393
9,650
9,914
10,185
5,620
2,409
320
0
0
0
0
8,349
5,761
2,469
328
0
0
0
0
8,558
5,905
2,531
336
0
0
0
0
8,771
6,052
2,594
344
0
0
0
0
8,991
6,204
2,659
353
0
0
0
0
9,216
6,359
2,725
362
0
0
0
0
9,446
6,518
2,793
371
0
0
0
0
9,682
6,681
2,863
380
0
0
0
0
9,924
6,848
2,935
390
0
0
0
0
10,172
7,019
3,008
399
0
0
0
0
10,427
7,194
3,083
409
0
0
0
0
10,687
7,374
3,160
420
0
0
0
0
10,954
7,559
3,239
430
0
0
0
0
11,228
7,748
3,320
441
0
0
0
0
11,509
7,941
3,403
452
0
0
0
0
11,797
280
464
744
294
450
744
309
435
744
325
419
744
341
403
744
358
386
744
376
368
744
395
349
744
414
330
744
435
309
744
457
287
744
480
264
744
504
240
744
529
215
744
555
189
744
TaxableIncome
Fed&StateTaxes
1,190
(464)
(871)
(145)
0
1,203
(450)
(871)
(118)
0
1,216
(435)
(871)
(91)
0
1,228
(419)
(871)
(63)
0
1,241
(403)
(871)
(34)
0
1,253
(386)
(871)
(5)
0
1,265
(368)
(871)
25
10
1,277
(349)
(871)
56
22
1,289
(330)
(871)
88
35
1,400
(309)
(871)
219
88
1,545
(287)
(871)
386
154
1,562
(264)
(871)
426
170
1,578
(240)
(871)
466
187
1,595
(215)
(871)
508
203
1,611
(189)
(871)
551
220
CashFlows($1,000's)
Cash,PreTax,PreDebt
Fed&StateIncomeTax
DebtService
CashafterTaxes&Debt
1,190
0
(744)
446
1,203
0
(744)
459
1,216
0
(744)
472
1,228
0
(744)
484
1,241
0
(744)
497
1,253
0
(744)
509
1,265
(10)
(744)
511
1,277
(22)
(744)
511
1,289
(35)
(744)
510
1,400
(88)
(744)
568
1,545
(154)
(744)
646
1,562
(170)
(744)
647
1,578
(187)
(744)
648
1,595
(203)
(744)
648
1,611
(220)
(744)
647
TotalCost
Revenues($1,000's)
Energy
AvoidedDistribution
Credits/RECs
Steam
FuelSales
Other
TotalRevenues
5,483
2,350
312
0
0
0
0
9,271
DebtService
Principal
Interest
TotalDebtService
Taxes($1,000's)
Cash,PreTax,PreDebt
InterestPayment
Depreciation
DebtCoverageRatio
1
2013
Equity
Residual
CashafterTaxes&Debt
NPV
CumNPV
IRR
1.6
1.6
1.6
1.7
1.7
1.7
1.7
1.7
1.7
1.8
1.9
1.9
1.9
1.9
1.9
446
413
(6,797)
459
394
(6,404)
472
374
(6,030)
484
356
(5,674)
497
338
(5,336)
509
321
(5,015)
511
298
(4,717)
511
276
(4,441)
510
255
(4,186)
568
263
(3,923)
646
277
(3,645)
647
257
(3,388)
648
238
(3,150)
648
221
(2,930)
647
204
(2,726)
2,060
9,271
(7,211)
(7,211)
869
9%
StudyYear
CalendarYear
No
1
a
b
c
d
e
f
g
h
i
j
k
l
m
2
a
b
c
d
e
f
g
h
3
a
b
c
4
a
b
c
d
e
5
a
b
c
d
6
(2)SolarTaurus70
SimpleCycle
Item
Costs($1,000's)
InitialInvestment
FixedO&M
VariableO&M
GasFuelforSteam
GasFuelforSales
OtherFuel
Transportation
PropertyTaxes
Insurance
MajorMaintenance
Other
a
b
c
d
e
f
g
17
2029
18
2030
19
2031
20
2032
21
2033
22
2034
23
2035
24
2036
25
2037
26
2038
27
2039
28
2040
29
2041
30
2042
1,320
470
8,214
0
0
1,353
482
8,444
0
0
1,387
494
8,680
0
0
1,422
507
8,923
0
0
1,458
519
9,173
0
0
1,494
532
9,131
0
0
1,531
546
9,387
0
0
1,570
559
9,650
0
0
1,609
573
9,921
0
0
1,649
587
10,199
0
0
1,690
602
10,484
0
0
1,733
617
10,778
0
0
1,776
633
11,079
0
0
1,820
648
11,389
0
0
1,866
665
11,708
0
0
0
306
153
0
0
313
157
0
0
321
161
0
0
329
165
0
0
338
169
0
0
346
173
168
0
355
177
0
0
364
182
0
0
373
186
0
0
382
191
0
0
391
196
0
0
401
201
0
0
411
206
0
0
422
211
0
0
432
216
0
TotalCost
10,464
10,750
11,044
11,346
11,656
11,844
11,996
12,324
12,661
13,008
13,364
13,729
14,105
14,491
14,887
Revenues($1,000's)
Energy
AvoidedDistribution
Credits/RECs
Steam
FuelSales
Other
TotalRevenues
8,140
3,489
463
0
0
0
0
12,092
8,343
3,576
475
0
0
0
0
12,394
8,552
3,665
487
0
0
0
0
12,704
8,766
3,757
499
0
0
0
0
13,021
8,985
3,851
511
0
0
0
0
13,347
9,210
3,947
524
0
0
0
0
13,680
9,440
4,046
537
0
0
0
0
14,023
9,676
4,147
551
0
0
0
0
14,373
9,918
4,250
564
0
0
0
0
14,732
10,166
4,357
578
0
0
0
0
15,101
10,420
4,466
593
0
0
0
0
15,478
10,680
4,577
608
0
0
0
0
15,865
10,947
4,692
623
0
0
0
0
16,262
11,221
4,809
638
0
0
0
0
16,668
11,501
4,929
654
0
0
0
0
17,085
583
161
744
612
132
744
643
101
744
675
69
744
708
35
744
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
TaxableIncome
Fed&StateTaxes
1,628
(161)
(871)
595
238
1,644
(132)
(871)
640
256
1,660
(101)
(871)
687
275
1,675
(69)
(871)
735
294
1,691
(35)
(871)
784
314
1,836
0
0
1,836
735
2,027
0
0
2,027
811
2,049
0
0
2,049
820
2,071
0
0
2,071
828
2,093
0
0
2,093
837
2,114
0
0
2,114
846
2,136
0
0
2,136
854
2,157
0
0
2,157
863
2,178
0
0
2,178
871
2,198
0
0
2,198
879
CashFlows($1,000's)
Cash,PreTax,PreDebt
Fed&StateIncomeTax
DebtService
CashafterTaxes&Debt
1,628
(238)
(744)
646
1,644
(256)
(744)
644
1,660
(275)
(744)
641
1,675
(294)
(744)
638
1,691
(314)
(744)
633
1,836
(735)
0
1,102
2,027
(811)
0
1,216
2,049
(820)
0
1,229
2,071
(828)
0
1,243
2,093
(837)
0
1,256
2,114
(846)
0
1,269
2,136
(854)
0
1,281
2,157
(863)
0
1,294
2,178
(871)
0
1,307
2,198
(879)
0
1,319
NA
DebtService
Principal
Interest
TotalDebtService
Taxes($1,000's)
Cash,PreTax,PreDebt
InterestPayment
Depreciation
DebtCoverageRatio
16
2028
Equity
Residual
CashafterTaxes&Debt
NPV
CumNPV
IRR
1.9
1.9
1.9
1.9
1.9
NA
NA
NA
NA
NA
NA
NA
NA
NA
646
188
(2,537)
644
174
(2,363)
641
160
(2,203)
638
148
(2,055)
633
136
(1,919)
1,102
219
(1,700)
1,216
224
(1,477)
1,229
209
(1,267)
1,243
196
(1,071)
1,256
183
(888)
1,269
172
(716)
1,281
160
(556)
1,294
150
(406)
1,307
140
(266)
10,803
12,122
1,205
939
StudyYear
CalendarYear
No
1
a
b
c
d
e
f
g
h
i
j
k
l
m
2
a
b
c
d
e
f
g
h
3
a
b
c
4
a
b
c
d
e
5
a
b
c
d
6
(1)SolarTitanT130
SimpleCycle
Item
Costs($1,000's)
InitialInvestment
FixedO&M
VariableO&M
GasFuelforSteam
GasFuelforSales
OtherFuel
Transportation
PropertyTaxes
Insurance
MajorMaintenance
Other
0
2012
a
b
c
d
e
f
g
2
2014
3
2015
4
2016
5
2017
6
2018
7
2019
8
2020
9
2021
10
2022
11
2023
12
2024
13
2025
14
2026
15
2027
16,155
889
317
4,168
0
0
912
325
4,283
0
0
935
333
4,402
0
0
958
341
4,523
0
0
982
350
4,648
0
0
1,006
359
4,776
0
0
1,032
367
4,908
0
0
1,057
377
5,043
0
0
1,084
386
5,182
0
0
1,111
396
5,325
0
33
1,139
406
5,472
0
0
1,167
416
5,455
0
0
1,196
426
5,606
0
0
1,226
437
5,761
0
0
1,257
448
5,920
0
0
1,288
459
6,083
0
0
162
81
100
0
166
83
0
0
170
85
0
0
174
87
0
0
178
89
0
0
183
91
0
0
187
94
0
0
192
96
0
0
197
98
0
0
202
101
0
0
207
103
0
0
212
106
131
0
217
109
0
0
223
111
0
0
228
114
0
0
234
117
0
5,768
5,924
6,083
6,247
6,415
6,588
6,765
6,947
7,167
7,326
7,487
7,554
7,758
7,967
8,181
4,411
1,890
315
0
0
0
0
6,616
4,521
1,938
323
0
0
0
0
6,781
4,634
1,986
331
0
0
0
0
6,951
4,750
2,036
339
0
0
0
0
7,125
4,869
2,087
348
0
0
0
0
7,303
4,990
2,139
356
0
0
0
0
7,485
5,115
2,192
365
0
0
0
0
7,672
5,243
2,247
374
0
0
0
0
7,864
5,374
2,303
384
0
0
0
0
8,061
5,508
2,361
393
0
0
0
0
8,262
5,646
2,420
403
0
0
0
0
8,469
5,787
2,480
413
0
0
0
0
8,681
5,932
2,542
423
0
0
0
0
8,898
6,080
2,606
434
0
0
0
0
9,120
6,232
2,671
445
0
0
0
0
9,348
220
363
583
231
352
583
242
341
583
255
329
583
267
316
583
281
303
583
295
289
583
309
274
583
325
259
583
341
242
583
358
225
583
376
207
583
395
189
583
415
169
583
435
148
583
TaxableIncome
Fed&StateTaxes
848
(363)
(871)
(387)
0
858
(352)
(871)
(366)
0
868
(341)
(871)
(345)
0
878
(329)
(871)
(323)
0
888
(316)
(871)
(300)
0
897
(303)
(871)
(277)
0
907
(289)
(871)
(253)
0
917
(274)
(871)
(229)
0
894
(259)
(871)
(236)
0
936
(242)
(871)
(177)
0
982
(225)
(871)
(115)
0
1,127
(207)
(871)
48
19
1,140
(189)
(871)
80
32
1,154
(169)
(871)
113
45
1,167
(148)
(871)
147
59
CashFlows($1,000's)
Cash,PreTax,PreDebt
Fed&StateIncomeTax
DebtService
CashafterTaxes&Debt
848
0
(583)
264
858
0
(583)
274
868
0
(583)
284
878
0
(583)
294
888
0
(583)
304
897
0
(583)
314
907
0
(583)
324
917
0
(583)
334
894
0
(583)
311
936
0
(583)
353
982
0
(583)
398
1,127
(19)
(583)
524
1,140
(32)
(583)
525
1,154
(45)
(583)
525
1,167
(59)
(583)
525
TotalCost
Revenues($1,000's)
Energy
AvoidedDistribution
Credits/RECs
Steam
FuelSales
Other
TotalRevenues
DebtService
Principal
Interest
4,303
1,844
307
0
0
0
0
7,270
TotalDebtService
Taxes($1,000's)
Cash,PreTax,PreDebt
InterestPayment
Depreciation
DebtCoverageRatio
1
2013
Equity
Residual
CashafterTaxes&Debt
NPV
CumNPV
IRR
1.5
1.5
1.5
1.5
1.5
1.5
1.6
1.6
1.5
1.6
1.7
1.9
1.9
1.9
1.9
264
245
(5,409)
274
235
(5,174)
284
226
(4,948)
294
216
(4,732)
304
207
(4,525)
314
198
(4,327)
324
189
(4,138)
334
180
(3,958)
311
155
(3,803)
353
163
(3,639)
398
171
(3,468)
524
208
(3,260)
525
193
(3,067)
525
179
(2,888)
525
165
(2,723)
1,615
7,270
(5,654)
(5,654)
27
8%
StudyYear
CalendarYear
No
1
a
b
c
d
e
f
g
h
i
j
k
l
m
2
a
b
c
d
e
f
g
h
3
a
b
c
4
a
b
c
d
e
5
a
b
c
d
6
(1)SolarTitanT130
SimpleCycle
Item
Costs($1,000's)
InitialInvestment
FixedO&M
VariableO&M
GasFuelforSteam
GasFuelforSales
OtherFuel
Transportation
PropertyTaxes
Insurance
MajorMaintenance
Other
a
b
c
d
e
f
g
17
2029
18
2030
19
2031
20
2032
21
2033
22
2034
23
2035
24
2036
25
2037
26
2038
27
2039
28
2040
29
2041
30
2042
1,320
470
6,251
0
0
1,353
482
6,423
0
0
1,387
494
6,600
0
0
1,422
507
6,782
0
0
1,458
519
6,969
0
0
1,494
532
7,161
0
0
1,531
546
7,359
0
0
1,570
559
7,337
0
0
1,609
573
7,539
0
0
1,649
587
7,747
0
0
1,690
602
7,961
0
0
1,733
617
8,181
0
0
1,776
633
8,407
0
0
1,820
648
8,639
0
0
1,866
665
8,877
0
0
0
240
120
0
0
246
123
0
0
252
126
0
0
258
129
0
0
265
132
0
0
271
136
0
0
278
139
0
0
285
143
176
0
292
146
0
0
300
150
0
0
307
153
0
0
315
157
0
0
323
161
0
0
331
165
0
0
339
169
0
TotalCost
8,401
8,628
8,860
9,098
9,343
9,595
9,853
10,069
10,160
10,433
10,714
11,003
11,299
11,603
11,916
Revenues($1,000's)
Energy
AvoidedDistribution
Credits/RECs
Steam
FuelSales
Other
TotalRevenues
6,388
2,738
456
0
0
0
0
9,582
6,548
2,806
467
0
0
0
0
9,821
6,711
2,876
479
0
0
0
0
10,067
6,879
2,948
491
0
0
0
0
10,319
7,051
3,022
503
0
0
0
0
10,577
7,228
3,098
516
0
0
0
0
10,841
7,408
3,175
529
0
0
0
0
11,112
7,593
3,254
542
0
0
0
0
11,390
7,783
3,336
556
0
0
0
0
11,675
7,978
3,419
570
0
0
0
0
11,966
8,177
3,505
584
0
0
0
0
12,266
8,382
3,592
598
0
0
0
0
12,572
8,591
3,682
613
0
0
0
0
12,887
8,806
3,774
629
0
0
0
0
13,209
9,026
3,868
644
0
0
0
0
13,539
457
126
583
480
103
583
504
79
583
529
54
583
556
28
583
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
TaxableIncome
Fed&StateTaxes
1,180
(126)
(871)
183
73
1,194
(103)
(871)
219
88
1,207
(79)
(871)
256
102
1,220
(54)
(871)
295
118
1,233
(28)
(871)
334
134
1,246
0
0
1,246
499
1,259
0
0
1,259
504
1,320
0
0
1,320
528
1,515
0
0
1,515
606
1,533
0
0
1,533
613
1,551
0
0
1,551
621
1,569
0
0
1,569
628
1,588
0
0
1,588
635
1,605
0
0
1,605
642
1,623
0
0
1,623
649
CashFlows($1,000's)
Cash,PreTax,PreDebt
Fed&StateIncomeTax
DebtService
CashafterTaxes&Debt
1,180
(73)
(583)
524
1,194
(88)
(583)
523
1,207
(102)
(583)
521
1,220
(118)
(583)
519
1,233
(134)
(583)
516
1,246
(499)
0
748
1,259
(504)
0
756
1,320
(528)
0
792
1,515
(606)
0
909
1,533
(613)
0
920
1,551
(621)
0
931
1,569
(628)
0
942
1,588
(635)
0
953
1,605
(642)
0
963
1,623
(649)
0
974
NA
NA
DebtService
Principal
Interest
TotalDebtService
Taxes($1,000's)
Cash,PreTax,PreDebt
InterestPayment
Depreciation
DebtCoverageRatio
16
2028
Equity
Residual
CashafterTaxes&Debt
NPV
CumNPV
IRR
1.9
1.9
1.9
1.9
1.9
NA
NA
NA
NA
NA
NA
NA
NA
524
153
(2,570)
523
141
(2,429)
521
130
(2,298)
519
120
(2,178)
516
111
(2,067)
748
149
(1,919)
756
139
(1,780)
792
135
(1,645)
909
143
(1,501)
920
134
(1,367)
931
126
(1,241)
942
118
(1,123)
953
110
(1,013)
963
103
(910)
8,471
9,445
939
29

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This publication is the result of tax-supported funding from the USDA Rural

METER AND PRESSURE REGULATING STATION,

NORTHERN COMMUNITY INVESTMENT CORPORATION

off the pipeline facilities of

PORTLAND NATURAL GAS TRANSMISSION SYSTEM

PRELIMINARY PROJECT CONFIGURATION & BUILD OUT ........................................................ 29

PRELIMINARY EQUIPMENT SELECTION AND DESIGN BASIS ................................................... 30

12.0 REGULATORY ANALYSIS ...................................................................................................................... 32

PNGTS METERING AND REGULATING STATION, AND

PNGTS METERING AND REGULATING STATION, AND

DESIGN BASELINE AND CRITERIA

Maximum gas flow rate

3.3 MMscfd (137.5 Mscfh)

Fax (978) 975-9975

PNGTS METERING AND REGULATING STATION, AND

CODES AND STANDARDS

The primary standards governing this design include:

Fax (978) 975-9975

PNGTS METERING AND REGULATING STATION, AND

2.3.1 Mechanical Systems

Maximum Flow Rate

Minimum Flow Rate

Maximum Flow Rate

Fax (978) 975-9975

PNGTS METERING AND REGULATING STATION, AND

Fax (978) 975-9975

PNGTS METERING AND REGULATING STATION, AND

Civil/Structural and Architectural

Fax (978) 975-9975

PNGTS METERING AND REGULATING STATION, AND

Fax (978) 975-9975

PNGTS METERING AND REGULATING STATION, AND

Responsibility and Controls Matrices

Fax (978) 975-9975

PNGTS METERING AND REGULATING STATION, AND

Preliminary Controls Matrix:

Fax (978) 975-9975

PNGTS METERING AND REGULATING STATION, AND

PNGTS RTU I/O List

Contact Closure, Dry

Fax (978) 975-9975

PNGTS METERING AND REGULATING STATION, AND

Beecher Falls RTU I/O List

Contact Closure, Dry

Fax (978) 975-9975

PNGTS METERING AND REGULATING STATION, AND

DESIGN BASELINE AND CRITERIA

Project drawings include the following:

Fax (978) 975-9975

PNGTS METERING AND REGULATING STATION, AND

Fax (978) 975-9975

PNGTS METERING AND REGULATING STATION, AND

Fax (978) 975-9975

PNGTS METERING AND REGULATING STATION, AND

Fax (978) 975-9975

PNGTS METERING AND REGULATING STATION, AND

The following calculation is from 49 CFR 192.105

Fax (978) 975-9975

PNGTS METERING AND REGULATING STATION, AND

Fax (978) 975-9975

PNGTS METERING AND REGULATING STATION, AND

Temperature Change Across the Regulators

Temperature Change Across the Heat Exchanger

4.446 (10)-2 lbm/ft3