forked from NatLabRockies/GEOPHIRES-X
-
Notifications
You must be signed in to change notification settings - Fork 1
Expand file tree
/
Copy pathFervo_Project_Cape-6.out
More file actions
477 lines (408 loc) · 75.3 KB
/
Copy pathFervo_Project_Cape-6.out
File metadata and controls
477 lines (408 loc) · 75.3 KB
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51
52
53
54
55
56
57
58
59
60
61
62
63
64
65
66
67
68
69
70
71
72
73
74
75
76
77
78
79
80
81
82
83
84
85
86
87
88
89
90
91
92
93
94
95
96
97
98
99
100
101
102
103
104
105
106
107
108
109
110
111
112
113
114
115
116
117
118
119
120
121
122
123
124
125
126
127
128
129
130
131
132
133
134
135
136
137
138
139
140
141
142
143
144
145
146
147
148
149
150
151
152
153
154
155
156
157
158
159
160
161
162
163
164
165
166
167
168
169
170
171
172
173
174
175
176
177
178
179
180
181
182
183
184
185
186
187
188
189
190
191
192
193
194
195
196
197
198
199
200
201
202
203
204
205
206
207
208
209
210
211
212
213
214
215
216
217
218
219
220
221
222
223
224
225
226
227
228
229
230
231
232
233
234
235
236
237
238
239
240
241
242
243
244
245
246
247
248
249
250
251
252
253
254
255
256
257
258
259
260
261
262
263
264
265
266
267
268
269
270
271
272
273
274
275
276
277
278
279
280
281
282
283
284
285
286
287
288
289
290
291
292
293
294
295
296
297
298
299
300
301
302
303
304
305
306
307
308
309
310
311
312
313
314
315
316
317
318
319
320
321
322
323
324
325
326
327
328
329
330
331
332
333
334
335
336
337
338
339
340
341
342
343
344
345
346
347
348
349
350
351
352
353
354
355
356
357
358
359
360
361
362
363
364
365
366
367
368
369
370
371
372
373
374
375
376
377
378
379
380
381
382
383
384
385
386
387
388
389
390
391
392
393
394
395
396
397
398
399
400
401
402
403
404
405
406
407
408
409
410
411
412
413
414
415
416
417
418
419
420
421
422
423
424
425
426
427
428
429
430
431
432
433
434
435
436
437
438
439
440
441
442
443
444
445
446
447
448
449
450
451
452
453
454
455
456
457
458
459
460
461
462
463
464
465
466
467
468
469
470
471
472
473
474
475
476
477
*****************
***CASE REPORT***
*****************
Simulation Metadata
----------------------
GEOPHIRES Version: 3.14.0
Simulation Date: 2026-06-11
Simulation Time: 12:36
Calculation Time: 1.847 sec
***SUMMARY OF RESULTS***
End-Use Option: Electricity
Average Net Electricity Production: 103.22 MW
Electricity breakeven price: 8.93 cents/kWh
Total CAPEX: 577.72 MUSD
Total CAPEX ($/kW): 5573 USD/kW
Number of production wells: 12
Number of injection wells: 8
Flowrate per production well: 100.0 kg/sec
Well depth: 2.7 kilometer
Segment 1 Geothermal gradient: 74 degC/km
Segment 1 Thickness: 2.5 kilometer
Segment 2 Geothermal gradient: 41 degC/km
Segment 2 Thickness: 0.5 kilometer
Segment 3 Geothermal gradient: 39.1 degC/km
***ECONOMIC PARAMETERS***
Economic Model = SAM Single Owner PPA
Real Discount Rate: 12.00 %
Nominal Discount Rate: 15.02 %
WACC: 8.57 %
Investment Tax Credit: 173.31 MUSD
Project lifetime: 30 yr
Capacity factor: 90.0 %
Project NPV: 35.27 MUSD
After-tax IRR: 20.12 %
Project VIR=PI=PIR: 1.21
Project MOIC: 3.60
Project Payback Period: 4.47 yr
Estimated Jobs Created: 255
***ENGINEERING PARAMETERS***
Number of Production Wells: 12
Number of Injection Wells: 8
Well depth: 2.7 kilometer
Water loss rate: 1.0 %
Pump efficiency: 80.0 %
Injection temperature: 56.6 degC
Production Wellbore heat transmission calculated with Ramey's model
Average production well temperature drop: 0.3 degC
Flowrate per production well: 100.0 kg/sec
Injection well casing ID: 8.535 in
Production well casing ID: 8.535 in
Number of times redrilling: 3
Power plant type: Supercritical ORC
***RESOURCE CHARACTERISTICS***
Maximum reservoir temperature: 500.0 degC
Number of segments: 3
Segment 1 Geothermal gradient: 74 degC/km
Segment 1 Thickness: 2.5 kilometer
Segment 2 Geothermal gradient: 41 degC/km
Segment 2 Thickness: 0.5 kilometer
Segment 3 Geothermal gradient: 39.1 degC/km
Project location: 38.506196, -112.918155
***RESERVOIR PARAMETERS***
Reservoir Model = Multiple Parallel Fractures Model (Gringarten)
Bottom-hole temperature: 205.38 degC
Fracture model = Rectangular
Well separation: fracture height: 100.00 meter
Fracture width: 305.00 meter
Fracture area: 30500.00 m**2
Reservoir volume calculated with fracture separation and number of fractures as input
Number of fractures: 3000
Fracture separation: 9.83 meter
Reservoir volume: 898733572 m**3
Reservoir hydrostatic pressure: 25324.54 kPa
Plant outlet pressure: 13789.51 kPa
Production wellhead pressure: 2089.11 kPa
Productivity Index: 1.13 kg/sec/bar
Injectivity Index: 1.38 kg/sec/bar
Reservoir density: 2800.00 kg/m**3
Reservoir thermal conductivity: 3.05 W/m/K
Reservoir heat capacity: 790.00 J/kg/K
***RESERVOIR SIMULATION RESULTS***
Maximum Production Temperature: 203.1 degC
Average Production Temperature: 202.8 degC
Minimum Production Temperature: 201.4 degC
Initial Production Temperature: 201.6 degC
Average Reservoir Heat Extraction: 734.35 MW
Production Wellbore Heat Transmission Model = Ramey Model
Average Production Well Temperature Drop: 0.3 degC
Average Injection Well Pump Pressure Drop: -1925.9 kPa
Average Production Well Pump Pressure Drop: 9514.6 kPa
***CAPITAL COSTS (M$)***
Exploration costs: 30.00 MUSD
Drilling and completion costs: 92.98 MUSD
Drilling and completion costs per well: 4.65 MUSD
Stimulation costs: 96.60 MUSD
Stimulation costs per well: 4.83 MUSD
Surface power plant costs: 293.50 MUSD
Field gathering system costs: 9.87 MUSD
Total surface equipment costs: 303.37 MUSD
Overnight Capital Cost: 522.94 MUSD
Inflation costs during construction: 33.49 MUSD
Interest during construction: 21.28 MUSD
Total CAPEX: 577.72 MUSD
***OPERATING AND MAINTENANCE COSTS (M$/yr)***
Wellfield maintenance costs: 1.72 MUSD/yr
Power plant maintenance costs: 6.48 MUSD/yr
Water costs: 0.63 MUSD/yr
Redrilling costs: 18.96 MUSD/yr
Average Annual Royalty Cost: 2.47 MUSD/yr
Total operating and maintenance costs: 30.25 MUSD/yr
***SURFACE EQUIPMENT SIMULATION RESULTS***
Initial geofluid availability: 0.19 MW/(kg/s)
Maximum Total Electricity Generation: 119.93 MW
Average Total Electricity Generation: 119.50 MW
Minimum Total Electricity Generation: 117.42 MW
Initial Total Electricity Generation: 117.79 MW
Maximum Net Electricity Generation: 103.66 MW
Average Net Electricity Generation: 103.22 MW
Minimum Net Electricity Generation: 101.07 MW
Initial Net Electricity Generation: 101.49 MW
Average Annual Total Electricity Generation: 942.18 GWh
Average Annual Net Electricity Generation: 813.81 GWh
Initial pumping power/net installed power: 16.06 %
Average Pumping Power: 16.28 MW
Heat to Power Conversion Efficiency: 14.06 %
************************************************************
* HEATING, COOLING AND/OR ELECTRICITY PRODUCTION PROFILE *
************************************************************
YEAR THERMAL GEOFLUID PUMP NET FIRST LAW
DRAWDOWN TEMPERATURE POWER POWER EFFICIENCY
(degC) (MW) (MW) (%)
1 1.0000 201.65 16.3023 101.4888 13.9336
2 1.0052 202.70 16.2952 103.0078 14.0403
3 1.0062 202.90 16.2938 103.2904 14.0600
4 1.0067 203.00 16.2932 103.4374 14.0702
5 1.0070 203.06 16.2927 103.5347 14.0770
6 1.0073 203.11 16.2924 103.6057 14.0819
7 1.0074 203.14 16.2925 103.6390 14.0842
8 1.0066 202.98 16.2976 103.4049 14.0677
9 1.0008 201.81 16.3303 101.6978 13.9464
10 1.0048 202.61 16.2906 102.8823 14.0318
11 1.0060 202.86 16.2888 103.2445 14.0571
12 1.0066 202.98 16.2858 103.4144 14.0691
13 1.0070 203.05 16.2819 103.5243 14.0770
14 1.0072 203.10 16.2778 103.6045 14.0828
15 1.0074 203.14 16.2746 103.6566 14.0866
16 1.0070 203.06 16.2753 103.5458 14.0789
17 1.0032 202.29 16.2961 102.4216 13.9994
18 1.0041 202.47 16.2699 102.7040 14.0208
19 1.0058 202.82 16.2696 103.2030 14.0555
20 1.0065 202.95 16.2695 103.3967 14.0690
21 1.0069 203.03 16.2695 103.5136 14.0771
22 1.0072 203.09 16.2695 103.5958 14.0828
23 1.0074 203.13 16.2696 103.6541 14.0868
24 1.0072 203.11 16.2714 103.6158 14.0840
25 1.0048 202.62 16.2857 102.9058 14.0338
26 1.0027 202.20 16.2696 102.3141 13.9936
27 1.0055 202.77 16.2697 103.1286 14.0504
28 1.0063 202.93 16.2697 103.3583 14.0663
29 1.0068 203.02 16.2697 103.4884 14.0753
30 1.0071 203.08 16.2697 103.5773 14.0815
*******************************************************************
* ANNUAL HEATING, COOLING AND/OR ELECTRICITY PRODUCTION PROFILE *
*******************************************************************
YEAR ELECTRICITY HEAT RESERVOIR PERCENTAGE OF
PROVIDED EXTRACTED HEAT CONTENT TOTAL HEAT MINED
(GWh/year) (GWh/year) (10^15 J) (%)
1 808.2 5770.5 275.00 7.02
2 813.4 5788.6 254.16 14.07
3 815.0 5794.1 233.30 21.12
4 815.9 5797.3 212.43 28.18
5 816.6 5799.6 191.55 35.24
6 817.0 5801.2 170.67 42.30
7 816.5 5799.6 149.79 49.36
8 810.3 5778.1 128.99 56.39
9 805.1 5759.8 108.25 63.40
10 812.8 5786.4 87.42 70.44
11 814.7 5793.0 66.57 77.49
12 815.8 5796.6 45.70 84.55
13 816.5 5799.1 24.82 91.61
14 817.1 5800.9 3.94 98.67
15 817.0 5800.7 -16.94 105.73
16 813.2 5787.6 -37.78 112.77
17 803.8 5755.0 -58.50 119.78
18 812.1 5783.5 -79.32 126.82
19 814.5 5791.8 -100.17 133.87
20 815.7 5795.9 -121.03 140.92
21 816.4 5798.6 -141.91 147.98
22 817.0 5800.5 -162.79 155.04
23 817.2 5801.2 -183.67 162.10
24 815.0 5793.7 -204.53 169.15
25 804.1 5756.2 -225.25 176.16
26 810.9 5779.1 -246.06 183.19
27 814.1 5790.3 -266.90 190.24
28 815.4 5795.0 -287.76 197.29
29 816.3 5798.0 -308.64 204.35
30 816.9 5800.0 -329.52 211.41
***************************
* SAM CASH FLOW PROFILE *
***************************
--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Year -2 Year -1 Year 0 Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Year 8 Year 9 Year 10 Year 11 Year 12 Year 13 Year 14 Year 15 Year 16 Year 17 Year 18 Year 19 Year 20 Year 21 Year 22 Year 23 Year 24 Year 25 Year 26 Year 27 Year 28 Year 29 Year 30
CONSTRUCTION
Capital expenditure schedule [construction] (%) 7.50 52.50 40.0
Overnight capital expenditure [construction] ($) -39,220,743 -274,545,204 -209,177,298
plus:
Inflation cost [construction] ($) -1,058,960 -15,025,584 -17,404,949
plus:
Royalty supplemental payments [construction] ($) 0 0 0
equals:
Nominal capital expenditure [construction] ($) -40,279,704 -289,570,789 -226,582,247
Issuance of equity [construction] ($) 40,279,704 86,871,237 67,974,674
Issuance of debt [construction] ($) 0 202,699,552 158,607,573
Debt balance [construction] ($) 0 202,699,552 382,590,578
Debt interest payment [construction] ($) 0 0 21,283,453
Installed cost [construction] ($) -40,279,704 -289,570,789 -247,865,700
After-tax net cash flow [construction] ($) -40,279,704 -86,871,237 -67,974,674
ENERGY
Electricity to grid (kWh) 0.0 808,243,387 813,446,234 815,032,355 815,970,503 816,625,987 817,071,580 816,608,918 810,320,754 805,158,022 812,855,559 814,772,137.0 815,842,108 816,581,346 817,117,371 817,091,391 813,246,145 803,899,806 812,179,867 814,558,437.0 815,735,966 816,506,413 817,062,723 817,263,543 815,047,042 804,189,155 810,933,090 814,142,129 815,491,723 816,336,340 816,919,110
Electricity from grid (kWh) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Electricity to grid net (kWh) 0.0 808,243,387 813,446,234 815,032,355 815,970,503 816,625,987 817,071,580 816,608,918 810,320,754 805,158,022 812,855,559 814,772,137.0 815,842,108 816,581,346 817,117,371 817,091,391 813,246,145 803,899,806 812,179,867 814,558,437.0 815,735,966 816,506,413 817,062,723 817,263,543 815,047,042 804,189,155 810,933,090 814,142,129 815,491,723 816,336,340 816,919,110
REVENUE
PPA price (cents/kWh) 0.0 9.50 9.50 9.56 9.61 9.67 9.73 9.79 9.84 9.90 9.96 10.01 10.07 10.13 10.18 10.24 10.30 10.36 10.41 10.47 10.53 10.58 10.64 10.70 10.75 10.81 10.87 10.93 10.98 11.04 11.10
PPA revenue ($) 0 76,783,122 77,277,392 77,892,642 78,447,404 78,975,899 79,484,723 79,905,183 79,751,769 79,702,593 80,927,899 81,583,134 82,155,300 82,695,193 83,215,233 83,678,329 83,748,088 83,243,825 84,564,168 85,276,123 85,864,368 86,410,874 86,935,474 87,422,681 87,650,159 86,940,890 88,132,208 88,945,028 89,557,301 90,115,369 90,645,344
Curtailment payment revenue ($) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Capacity payment revenue ($) 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 0
Salvage value ($) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 288,858,096
Total revenue ($) 0 76,783,122 77,277,392 77,892,642 78,447,404 78,975,899 79,484,723 79,905,183 79,751,769 79,702,593 80,927,899 81,583,134 82,155,300 82,695,193 83,215,233 83,678,329 83,748,088 83,243,825 84,564,168 85,276,123 85,864,368 86,410,874 86,935,474 87,422,681 87,650,159 86,940,890 88,132,208 88,945,028 89,557,301 90,115,369 379,503,441
Property tax net assessed value ($) 0 577,716,192 577,716,192 577,716,192 577,716,192 577,716,192 577,716,192 577,716,192 577,716,192 577,716,192 577,716,192 577,716,192 577,716,192 577,716,192 577,716,192 577,716,192 577,716,192 577,716,192 577,716,192 577,716,192 577,716,192 577,716,192 577,716,192 577,716,192 577,716,192 577,716,192 577,716,192 577,716,192 577,716,192 577,716,192 577,716,192
OPERATING EXPENSES
O&M fixed expense ($) 0 27,785,581 27,785,581 27,785,581 27,785,581 27,785,581 27,785,581 27,785,581 27,785,581 27,785,581 27,785,581 27,785,581 27,785,581 27,785,581 27,785,581 27,785,581 27,785,581 27,785,581 27,785,581 27,785,581 27,785,581 27,785,581 27,785,581 27,785,581 27,785,581 27,785,581 27,785,581 27,785,581 27,785,581 27,785,581 27,785,581
Royalty rate (%) 1.75 1.75 1.75 1.75 1.75 1.75 1.75 1.75 1.75 1.75 3.50 3.50 3.50 3.50 3.50 3.50 3.50 3.50 3.50 3.50 3.50 3.50 3.50 3.50 3.50 3.50 3.50 3.50 3.50 3.50
O&M production-based expense ($) 0 1,343,705 1,352,354 1,363,121 1,372,830 1,382,078 1,390,983 1,398,341 1,395,656 1,394,795 1,416,238 2,855,410 2,875,436 2,894,332 2,912,533 2,928,742 2,931,183 2,913,534 2,959,746 2,984,664 3,005,253 3,024,381 3,042,742 3,059,794 3,067,756 3,042,931 3,084,627 3,113,076 3,134,506 3,154,038 3,172,587
O&M capacity-based expense ($) 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 0
Fuel expense ($) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Electricity purchase ($) 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 0
Property tax expense ($) 0 1,270,976 1,270,976 1,270,976 1,270,976 1,270,976 1,270,976 1,270,976 1,270,976 1,270,976 1,270,976 1,270,976 1,270,976 1,270,976 1,270,976 1,270,976 1,270,976 1,270,976 1,270,976 1,270,976 1,270,976 1,270,976 1,270,976 1,270,976 1,270,976 1,270,976 1,270,976 1,270,976 1,270,976 1,270,976 1,270,976
Insurance expense ($) 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 0
Total operating expenses ($) 0 30,400,261 30,408,911 30,419,678 30,429,386 30,438,635 30,447,539 30,454,897 30,452,212 30,451,352 30,472,795 31,911,966 31,931,992 31,950,888 31,969,090 31,985,298 31,987,740 31,970,090 32,016,302 32,041,221 32,061,809 32,080,937 32,099,298 32,116,350 32,124,312 32,099,488 32,141,184 32,169,632 32,191,062 32,210,594 32,229,143
EBITDA ($) 0 46,382,861 46,868,481 47,472,965 48,018,018 48,537,265 49,037,184 49,450,286 49,299,556 49,251,241 50,455,105 49,671,168 50,223,308 50,744,305 51,246,144 51,693,031 51,760,349 51,273,735 52,547,865 53,234,902 53,802,558 54,329,937 54,836,176 55,306,331 55,525,847 54,841,402 55,991,024 56,775,395 57,366,239 57,904,774 347,274,297
OPERATING ACTIVITIES
EBITDA ($) 0 46,382,861 46,868,481 47,472,965 48,018,018 48,537,265 49,037,184 49,450,286 49,299,556 49,251,241 50,455,105 49,671,168 50,223,308 50,744,305 51,246,144 51,693,031 51,760,349 51,273,735 52,547,865 53,234,902 53,802,558 54,329,937 54,836,176 55,306,331 55,525,847 54,841,402 55,991,024 56,775,395 57,366,239 57,904,774 347,274,297
Interest earned on reserves ($) 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 0
plus PBI if not available for debt service:
Federal PBI income ($) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
State PBI income ($) 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 0
Utility PBI income ($) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other PBI income ($) 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 0
Debt interest payment ($) 0 26,781,340 26,497,822 26,194,458 25,869,858 25,522,536 25,150,902 24,753,253 24,327,769 23,872,501 23,385,364 22,864,128 22,306,405 21,709,641 21,071,104 20,387,870 19,656,808 18,874,573 18,037,581 17,142,000 16,183,728 15,158,377 14,061,252 12,887,328 11,631,229 10,287,203 8,849,095 7,310,320 5,663,830 3,902,086 2,017,020
Cash flow from operating activities ($) 0 19,601,520 20,370,659 21,278,506 22,148,160 23,014,728 23,886,282 24,697,032 24,971,787 25,378,740 27,069,741 26,807,040 27,916,904 29,034,664 30,175,039 31,305,162 32,103,540 32,399,161 34,510,284 36,092,902 37,618,830 39,171,559 40,774,924 42,419,003 43,894,618 44,554,199 47,141,930 49,465,076 51,702,409 54,002,688 345,257,277
INVESTING ACTIVITIES
Total installed cost ($) -577,716,192
Debt closing costs ($) 0
Debt up-front fee ($) 0
minus:
Total IBI income ($) 0
Total CBI income ($) 0
equals:
Purchase of property ($) -577,716,192
plus:
Reserve (increase)/decrease debt service ($) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Reserve (increase)/decrease working capital ($) 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 0
Reserve (increase)/decrease receivables ($) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Reserve (increase)/decrease major equipment 1 ($) 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 0
Reserve (increase)/decrease major equipment 2 ($) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Reserve (increase)/decrease major equipment 3 ($) 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 0
Reserve capital spending major equipment 1 ($) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Reserve capital spending major equipment 2 ($) 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 0
Reserve capital spending major equipment 3 ($) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
equals:
Cash flow from investing activities ($) -577,716,192 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
FINANCING ACTIVITIES
Issuance of equity ($) 195,125,614
Size of debt ($) 382,590,578
minus:
Debt principal payment ($) 0 4,050,258 4,333,776 4,637,141 4,961,741 5,309,062 5,680,697 6,078,345 6,503,830 6,959,098 7,446,235 7,967,471 8,525,194 9,121,958 9,760,495 10,443,729 11,174,790 11,957,026 12,794,017 13,689,599 14,647,870 15,673,221 16,770,347 17,944,271 19,200,370 20,544,396 21,982,504 23,521,279 25,167,769 26,929,512 28,814,578
equals:
Cash flow from financing activities ($) 577,716,192 -4,050,258 -4,333,776 -4,637,141 -4,961,741 -5,309,062 -5,680,697 -6,078,345 -6,503,830 -6,959,098 -7,446,235 -7,967,471 -8,525,194 -9,121,958 -9,760,495 -10,443,729 -11,174,790 -11,957,026 -12,794,017 -13,689,599 -14,647,870 -15,673,221 -16,770,347 -17,944,271 -19,200,370 -20,544,396 -21,982,504 -23,521,279 -25,167,769 -26,929,512 -28,814,578
PROJECT RETURNS
Pre-tax Cash Flow:
Cash flow from operating activities ($) 0 19,601,520 20,370,659 21,278,506 22,148,160 23,014,728 23,886,282 24,697,032 24,971,787 25,378,740 27,069,741 26,807,040 27,916,904 29,034,664 30,175,039 31,305,162 32,103,540 32,399,161 34,510,284 36,092,902 37,618,830 39,171,559 40,774,924 42,419,003 43,894,618 44,554,199 47,141,930 49,465,076 51,702,409 54,002,688 345,257,277
Cash flow from investing activities ($) -577,716,192 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
Cash flow from financing activities ($) 577,716,192 -4,050,258 -4,333,776 -4,637,141 -4,961,741 -5,309,062 -5,680,697 -6,078,345 -6,503,830 -6,959,098 -7,446,235 -7,967,471 -8,525,194 -9,121,958 -9,760,495 -10,443,729 -11,174,790 -11,957,026 -12,794,017 -13,689,599 -14,647,870 -15,673,221 -16,770,347 -17,944,271 -19,200,370 -20,544,396 -21,982,504 -23,521,279 -25,167,769 -26,929,512 -28,814,578
Total pre-tax cash flow ($) 0 15,551,262 16,036,883 16,641,366 17,186,419 17,705,666 18,205,586 18,618,687 18,467,958 18,419,642 19,623,506 18,839,569 19,391,710 19,912,706 20,414,545 20,861,433 20,928,750 20,442,136 21,716,267 22,403,303 22,970,960 23,498,338 24,004,577 24,474,732 24,694,248 24,009,803 25,159,426 25,943,796 26,534,640 27,073,176 316,442,699
Pre-tax Returns:
Issuance of equity ($) 195,125,614
Total pre-tax cash flow ($) 0 15,551,262 16,036,883 16,641,366 17,186,419 17,705,666 18,205,586 18,618,687 18,467,958 18,419,642 19,623,506 18,839,569 19,391,710 19,912,706 20,414,545 20,861,433 20,928,750 20,442,136 21,716,267 22,403,303 22,970,960 23,498,338 24,004,577 24,474,732 24,694,248 24,009,803 25,159,426 25,943,796 26,534,640 27,073,176 316,442,699
Total pre-tax returns ($) -195,125,614 15,551,262 16,036,883 16,641,366 17,186,419 17,705,666 18,205,586 18,618,687 18,467,958 18,419,642 19,623,506 18,839,569 19,391,710 19,912,706 20,414,545 20,861,433 20,928,750 20,442,136 21,716,267 22,403,303 22,970,960 23,498,338 24,004,577 24,474,732 24,694,248 24,009,803 25,159,426 25,943,796 26,534,640 27,073,176 316,442,699
After-tax Returns:
Total pre-tax returns ($) -195,125,614 15,551,262 16,036,883 16,641,366 17,186,419 17,705,666 18,205,586 18,618,687 18,467,958 18,419,642 19,623,506 18,839,569 19,391,710 19,912,706 20,414,545 20,861,433 20,928,750 20,442,136 21,716,267 22,403,303 22,970,960 23,498,338 24,004,577 24,474,732 24,694,248 24,009,803 25,159,426 25,943,796 26,534,640 27,073,176 316,442,699
Federal ITC total income ($) 0 173,314,858 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Federal PTC income ($) 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 0
Federal tax benefit (liability) ($) 0 -1,468,270 838,317 656,343 482,026 308,327 133,628 -28,883 -83,956 -165,528 -504,480 -451,823 -674,290 -898,339 -1,126,922 -1,353,449 -1,513,480 -1,572,736 -1,995,900 -2,313,128 -2,618,993 -5,390,986 -8,173,130 -8,502,677 -8,798,457 -8,930,666 -9,449,364 -9,915,027 -10,363,489 -10,824,569 -69,205,095
State ITC total income ($) 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 0
State PTC income ($) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
State tax benefit (liability) ($) 0 -333,290 190,294 148,987 109,417 69,989 30,333 -6,556 -19,058 -37,574 -114,515 -102,562 -153,060 -203,919 -255,806 -307,226 -343,552 -357,003 -453,059 -525,068 -594,498 -1,223,727 -1,855,259 -1,930,065 -1,997,205 -2,027,216 -2,144,958 -2,250,661 -2,352,460 -2,457,122 -15,709,206
Total after-tax returns ($) -195,125,614 187,064,560 17,065,493 17,446,696 17,777,863 18,083,981 18,369,546 18,583,248 18,364,944 18,216,540 19,004,511 18,285,184 18,564,359 18,810,448 19,031,817 19,200,757 19,071,717 18,512,397 19,267,307 19,565,107 19,757,469 16,883,625 13,976,188 14,041,990 13,898,586 13,051,921 13,565,104 13,778,108 13,818,691 13,791,484 231,528,398
After-tax net cash flow ($) -40,279,704 -86,871,237 -67,974,674 187,064,560 17,065,493 17,446,696 17,777,863 18,083,981 18,369,546 18,583,248 18,364,944 18,216,540 19,004,511 18,285,184 18,564,359 18,810,448 19,031,817 19,200,757 19,071,717 18,512,397 19,267,307 19,565,107 19,757,469 16,883,625 13,976,188 14,041,990 13,898,586 13,051,921 13,565,104 13,778,108 13,818,691 13,791,484 231,528,398
After-tax cumulative IRR (%) NaN NaN NaN -2.25 2.34 6.24 9.35 11.75 13.59 15.00 16.06 16.87 17.53 18.02 18.42 18.74 18.99 19.20 19.37 19.50 19.61 19.70 19.78 19.83 19.87 19.90 19.92 19.94 19.96 19.97 19.98 19.99 20.12
After-tax cumulative NPV ($) -40,279,704 -115,804,148 -167,181,321 -44,260,312 -34,511,202 -25,846,156 -18,169,912 -11,381,397 -5,386,376 -113,769 4,416,301 8,322,846 11,866,041 14,829,844 17,445,866 19,750,342 21,777,393 23,555,322 25,090,637 26,386,269 27,558,604 28,593,566 29,502,192 30,177,234 30,663,043 31,087,386 31,452,536 31,750,652 32,020,020 32,257,881 32,465,283 32,645,240 35,271,716
AFTER-TAX LCOE AND PPA PRICE
Annual costs ($) -40,279,704 -86,871,237 -67,974,674 110,281,438 -60,211,899 -60,445,946 -60,669,542 -60,891,918 -61,115,177 -61,321,935 -61,386,825 -61,486,052 -61,923,388 -63,297,950 -63,590,941 -63,884,745 -64,183,416 -64,477,572 -64,676,371 -64,731,428 -65,296,860 -65,711,016 -66,106,899 -69,527,249 -72,959,285 -73,380,691 -73,751,573 -73,888,969 -74,567,104 -75,166,919 -75,738,610 -76,323,884 140,883,053
PPA revenue ($) 0 0 0 76,783,122 77,277,392 77,892,642 78,447,404 78,975,899 79,484,723 79,905,183 79,751,769 79,702,593 80,927,899 81,583,134 82,155,300 82,695,193 83,215,233 83,678,329 83,748,088 83,243,825 84,564,168 85,276,123 85,864,368 86,410,874 86,935,474 87,422,681 87,650,159 86,940,890 88,132,208 88,945,028 89,557,301 90,115,369 90,645,344
Electricity to grid (kWh) 0 0 0 808,243,387 813,446,234 815,032,355 815,970,503 816,625,987 817,071,580 816,608,918 810,320,754 805,158,022 812,855,559 814,772,137 815,842,108 816,581,346 817,117,371 817,091,391 813,246,145 803,899,806 812,179,867 814,558,437 815,735,966 816,506,413 817,062,723 817,263,543 815,047,042 804,189,155 810,933,090 814,142,129 815,491,723 816,336,340 816,919,110
Present value of annual costs ($) 359,956,613
Present value of annual energy costs ($) 359,956,613
Present value of annual energy nominal (kWh) 4,031,275,592
LCOE Levelized cost of energy nominal (cents/kWh) 8.93
Present value of PPA revenue ($) 395,228,329
Present value of annual energy nominal (kWh) 4,031,275,592
LPPA Levelized PPA price nominal (cents/kWh) 9.80
PROJECT STATE INCOME TAXES
EBITDA ($) 0 46,382,861 46,868,481 47,472,965 48,018,018 48,537,265 49,037,184 49,450,286 49,299,556 49,251,241 50,455,105 49,671,168 50,223,308 50,744,305 51,246,144 51,693,031 51,760,349 51,273,735 52,547,865 53,234,902 53,802,558 54,329,937 54,836,176 55,306,331 55,525,847 54,841,402 55,991,024 56,775,395 57,366,239 57,904,774 347,274,297
State taxable PBI income ($) 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 0
Interest earned on reserves ($) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
State taxable IBI income ($) 0
State taxable CBI income ($) 0
minus:
Debt interest payment ($) 0 26,781,340 26,497,822 26,194,458 25,869,858 25,522,536 25,150,902 24,753,253 24,327,769 23,872,501 23,385,364 22,864,128 22,306,405 21,709,641 21,071,104 20,387,870 19,656,808 18,874,573 18,037,581 17,142,000 16,183,728 15,158,377 14,061,252 12,887,328 11,631,229 10,287,203 8,849,095 7,310,320 5,663,830 3,902,086 2,017,020
Total state tax depreciation ($) 0 12,276,469 24,552,938 24,552,938 24,552,938 24,552,938 24,552,938 24,552,938 24,552,938 24,552,938 24,552,938 24,552,938 24,552,938 24,552,938 24,552,938 24,552,938 24,552,938 24,552,938 24,552,938 24,552,938 24,552,938 12,276,469 0 0 0 0 0 0 0 0 0
equals:
State taxable income ($) 0 7,325,051 -4,182,279 -3,274,432 -2,404,778 -1,538,210 -666,656 144,094 418,849 825,802 2,516,802 2,254,102 3,363,965 4,481,725 5,622,101 6,752,224 7,550,602 7,846,223 9,957,346 11,539,964 13,065,892 26,895,090 40,774,924 42,419,003 43,894,618 44,554,199 47,141,930 49,465,076 51,702,409 54,002,688 345,257,277
State income tax rate (frac) 0.0 0.05 0.05 0.05 0.05 0.05 0.05 0.05 0.05 0.05 0.05 0.05 0.05 0.05 0.05 0.05 0.05 0.05 0.05 0.05 0.05 0.05 0.05 0.05 0.05 0.05 0.05 0.05 0.05 0.05 0.05
State tax benefit (liability) ($) 0 -333,290 190,294 148,987 109,417 69,989 30,333 -6,556 -19,058 -37,574 -114,515 -102,562 -153,060 -203,919 -255,806 -307,226 -343,552 -357,003 -453,059 -525,068 -594,498 -1,223,727 -1,855,259 -1,930,065 -1,997,205 -2,027,216 -2,144,958 -2,250,661 -2,352,460 -2,457,122 -15,709,206
PROJECT FEDERAL INCOME TAXES
EBITDA ($) 0 46,382,861 46,868,481 47,472,965 48,018,018 48,537,265 49,037,184 49,450,286 49,299,556 49,251,241 50,455,105 49,671,168 50,223,308 50,744,305 51,246,144 51,693,031 51,760,349 51,273,735 52,547,865 53,234,902 53,802,558 54,329,937 54,836,176 55,306,331 55,525,847 54,841,402 55,991,024 56,775,395 57,366,239 57,904,774 347,274,297
Interest earned on reserves ($) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
State tax benefit (liability) ($) 0 -333,290 190,294 148,987 109,417 69,989 30,333 -6,556 -19,058 -37,574 -114,515 -102,562 -153,060 -203,919 -255,806 -307,226 -343,552 -357,003 -453,059 -525,068 -594,498 -1,223,727 -1,855,259 -1,930,065 -1,997,205 -2,027,216 -2,144,958 -2,250,661 -2,352,460 -2,457,122 -15,709,206
State ITC total income ($) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
State PTC income ($) 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 0
Federal taxable IBI income ($) 0
Federal taxable CBI income ($) 0
Federal taxable PBI income ($) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
minus:
Debt interest payment ($) 0 26,781,340 26,497,822 26,194,458 25,869,858 25,522,536 25,150,902 24,753,253 24,327,769 23,872,501 23,385,364 22,864,128 22,306,405 21,709,641 21,071,104 20,387,870 19,656,808 18,874,573 18,037,581 17,142,000 16,183,728 15,158,377 14,061,252 12,887,328 11,631,229 10,287,203 8,849,095 7,310,320 5,663,830 3,902,086 2,017,020
Total federal tax depreciation ($) 0 12,276,469 24,552,938 24,552,938 24,552,938 24,552,938 24,552,938 24,552,938 24,552,938 24,552,938 24,552,938 24,552,938 24,552,938 24,552,938 24,552,938 24,552,938 24,552,938 24,552,938 24,552,938 24,552,938 24,552,938 12,276,469 0 0 0 0 0 0 0 0 0
equals:
Federal taxable income ($) 0 6,991,761 -3,991,985 -3,125,445 -2,295,361 -1,468,221 -636,323 137,538 399,791 788,228 2,402,288 2,151,540 3,210,905 4,277,807 5,366,296 6,444,998 7,207,049 7,489,220 9,504,287 11,014,895 12,471,394 25,671,364 38,919,665 40,488,939 41,897,413 42,526,983 44,996,972 47,214,415 49,349,949 51,545,566 329,548,071
Federal income tax rate (frac) 0.0 0.21 0.21 0.21 0.21 0.21 0.21 0.21 0.21 0.21 0.21 0.21 0.21 0.21 0.21 0.21 0.21 0.21 0.21 0.21 0.21 0.21 0.21 0.21 0.21 0.21 0.21 0.21 0.21 0.21 0.21
Federal tax benefit (liability) ($) 0 -1,468,270 838,317 656,343 482,026 308,327 133,628 -28,883 -83,956 -165,528 -504,480 -451,823 -674,290 -898,339 -1,126,922 -1,353,449 -1,513,480 -1,572,736 -1,995,900 -2,313,128 -2,618,993 -5,390,986 -8,173,130 -8,502,677 -8,798,457 -8,930,666 -9,449,364 -9,915,027 -10,363,489 -10,824,569 -69,205,095
CASH INCENTIVES
Federal IBI income ($) 0
State IBI income ($) 0
Utility IBI income ($) 0
Other IBI income ($) 0
Total IBI income ($) 0
Federal CBI income ($) 0
State CBI income ($) 0
Utility CBI income ($) 0
Other CBI income ($) 0
Total CBI income ($) 0
Federal PBI income ($) 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 0
State PBI income ($) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Utility PBI income ($) 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 0
Other PBI income ($) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Total PBI income ($) 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 0
TAX CREDITS
Federal PTC income ($) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
State PTC income ($) 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 0
Federal ITC amount income ($) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Federal ITC percent income ($) 0 173,314,858 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
Federal ITC total income ($) 0 173,314,858 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
State ITC amount income ($) 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 0
State ITC percent income ($) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
State ITC total income ($) 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 0
DEBT REPAYMENT
Debt balance ($) 382,590,578 378,540,320 374,206,544 369,569,403 364,607,662 359,298,600 353,617,903 347,539,558 341,035,728 334,076,631 326,630,396 318,662,925 310,137,731 301,015,773 291,255,279 280,811,550 269,636,759 257,679,734 244,885,717 231,196,118 216,548,248 200,875,026 184,104,679 166,160,408 146,960,038 126,415,642 104,433,138 80,911,859 55,744,091 28,814,578 0
Debt interest payment ($) 0 26,781,340 26,497,822 26,194,458 25,869,858 25,522,536 25,150,902 24,753,253 24,327,769 23,872,501 23,385,364 22,864,128 22,306,405 21,709,641 21,071,104 20,387,870 19,656,808 18,874,573 18,037,581 17,142,000 16,183,728 15,158,377 14,061,252 12,887,328 11,631,229 10,287,203 8,849,095 7,310,320 5,663,830 3,902,086 2,017,020
Debt principal payment ($) 0 4,050,258 4,333,776 4,637,141 4,961,741 5,309,062 5,680,697 6,078,345 6,503,830 6,959,098 7,446,235 7,967,471 8,525,194 9,121,958 9,760,495 10,443,729 11,174,790 11,957,026 12,794,017 13,689,599 14,647,870 15,673,221 16,770,347 17,944,271 19,200,370 20,544,396 21,982,504 23,521,279 25,167,769 26,929,512 28,814,578
Debt total payment ($) 0 30,831,599 30,831,599 30,831,599 30,831,599 30,831,599 30,831,599 30,831,599 30,831,599 30,831,599 30,831,599 30,831,599 30,831,599 30,831,599 30,831,599 30,831,599 30,831,599 30,831,599 30,831,599 30,831,599 30,831,599 30,831,599 30,831,599 30,831,599 30,831,599 30,831,599 30,831,599 30,831,599 30,831,599 30,831,599 30,831,599
DSCR (DEBT FRACTION)
EBITDA ($) 0 46,382,861 46,868,481 47,472,965 48,018,018 48,537,265 49,037,184 49,450,286 49,299,556 49,251,241 50,455,105 49,671,168 50,223,308 50,744,305 51,246,144 51,693,031 51,760,349 51,273,735 52,547,865 53,234,902 53,802,558 54,329,937 54,836,176 55,306,331 55,525,847 54,841,402 55,991,024 56,775,395 57,366,239 57,904,774 347,274,297
minus:
Reserves major equipment 1 funding ($) 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 0
Reserves major equipment 2 funding ($) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Reserves major equipment 3 funding ($) 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 0
Reserves receivables funding ($) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
equals:
Cash available for debt service (CAFDS) ($) 0 46,382,861 46,868,481 47,472,965 48,018,018 48,537,265 49,037,184 49,450,286 49,299,556 49,251,241 50,455,105 49,671,168 50,223,308 50,744,305 51,246,144 51,693,031 51,760,349 51,273,735 52,547,865 53,234,902 53,802,558 54,329,937 54,836,176 55,306,331 55,525,847 54,841,402 55,991,024 56,775,395 57,366,239 57,904,774 347,274,297
Debt total payment ($) 0 30,831,599 30,831,599 30,831,599 30,831,599 30,831,599 30,831,599 30,831,599 30,831,599 30,831,599 30,831,599 30,831,599 30,831,599 30,831,599 30,831,599 30,831,599 30,831,599 30,831,599 30,831,599 30,831,599 30,831,599 30,831,599 30,831,599 30,831,599 30,831,599 30,831,599 30,831,599 30,831,599 30,831,599 30,831,599 30,831,599
DSCR (pre-tax) 0.0 1.50 1.52 1.54 1.56 1.57 1.59 1.60 1.60 1.60 1.64 1.61 1.63 1.65 1.66 1.68 1.68 1.66 1.70 1.73 1.75 1.76 1.78 1.79 1.80 1.78 1.82 1.84 1.86 1.88 11.26
RESERVES
Reserves working capital funding ($) 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 0
Reserves working capital disbursement ($) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Reserves working capital balance ($) 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 0
Reserves debt service funding ($) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Reserves debt service disbursement ($) 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 0
Reserves debt service balance ($) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Reserves receivables funding ($) 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 0
Reserves receivables disbursement ($) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Reserves receivables balance ($) 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 0
Reserves major equipment 1 funding ($) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Reserves major equipment 1 disbursement ($) 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 0
Reserves major equipment 1 balance ($) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Reserves major equipment 2 funding ($) 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 0
Reserves major equipment 2 disbursement ($) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Reserves major equipment 2 balance ($) 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 0
Reserves major equipment 3 funding ($) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Reserves major equipment 3 disbursement ($) 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 0
Reserves major equipment 3 balance ($) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Reserves total reserves balance ($) 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 0
Interest on reserves (%/year) 1.75
Interest earned on reserves ($) 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 0
--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
***EXTENDED ECONOMICS***
Royalty Holder NPV: 30.35 MUSD
Royalty Holder Average Annual Revenue: 2.24 MUSD/yr
Royalty Holder Total Revenue: 73.97 MUSD