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*****************
***CASE REPORT***
*****************
Simulation Metadata
----------------------
GEOPHIRES Version: 3.14.0
Simulation Date: 2026-06-11
Simulation Time: 12:36
Calculation Time: 1.811 sec
***SUMMARY OF RESULTS***
End-Use Option: Electricity
Average Net Electricity Production: 110.58 MW
Electricity breakeven price: 7.82 cents/kWh
Total CAPEX: 712.75 MUSD
Total CAPEX ($/kW): 6426 USD/kW
Number of production wells: 15
Number of injection wells: 15
Flowrate per production well: 80.0 kg/sec
Well depth: 2.6 kilometer
Geothermal gradient: 74 degC/km
***ECONOMIC PARAMETERS***
Economic Model = SAM Single Owner PPA
Real Discount Rate: 8.00 %
Nominal Discount Rate: 10.48 %
WACC: 7.26 %
Investment Tax Credit: 213.83 MUSD
Project lifetime: 30 yr
Capacity factor: 90.0 %
Project NPV: 106.54 MUSD
After-tax IRR: 16.37 %
Project VIR=PI=PIR: 1.57
Project MOIC: 5.67
Project Payback Period: 9.97 yr
Estimated Jobs Created: 250
***ENGINEERING PARAMETERS***
Number of Production Wells: 15
Number of Injection Wells: 15
Well depth: 2.6 kilometer
Water loss rate: 10.0 %
Pump efficiency: 80.0 %
Injection temperature: 56.7 degC
Production Wellbore heat transmission calculated with Ramey's model
Average production well temperature drop: 2.6 degC
Flowrate per production well: 80.0 kg/sec
Injection well casing ID: 8.500 in
Production well casing ID: 8.500 in
Number of times redrilling: 0
Power plant type: Supercritical ORC
***RESOURCE CHARACTERISTICS***
Maximum reservoir temperature: 500.0 degC
Number of segments: 1
Geothermal gradient: 74 degC/km
***RESERVOIR PARAMETERS***
Reservoir Model = Multiple Parallel Fractures Model (Gringarten)
Bottom-hole temperature: 202.40 degC
Fracture model = Square
Well separation: fracture height: 500.00 meter
Fracture area: 250000.00 m**2
Reservoir volume calculated with fracture separation and number of fractures as input
Number of fractures: 1650
Fracture separation: 26.00 meter
Reservoir volume: 10718500000 m**3
Reservoir hydrostatic pressure: 24578.69 kPa
Plant outlet pressure: 6894.76 kPa
Production wellhead pressure: 2240.80 kPa
Productivity Index: 2.47 kg/sec/bar
Injectivity Index: 3.00 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: 200.1 degC
Average Production Temperature: 199.8 degC
Minimum Production Temperature: 197.9 degC
Initial Production Temperature: 197.9 degC
Average Reservoir Heat Extraction: 719.46 MW
Production Wellbore Heat Transmission Model = Ramey Model
Average Production Well Temperature Drop: 2.6 degC
Average Injection Well Pump Pressure Drop: -4103.9 kPa
Average Production Well Pump Pressure Drop: 3876.5 kPa
***CAPITAL COSTS (M$)***
Exploration costs: 120.00 MUSD
Drilling and completion costs: 106.12 MUSD
Drilling and completion costs per well: 3.54 MUSD
Stimulation costs: 75.00 MUSD
Stimulation costs per well: 2.50 MUSD
Surface power plant costs: 287.61 MUSD
Field gathering system costs: 10.69 MUSD
Total surface equipment costs: 298.30 MUSD
Overnight Capital Cost: 599.42 MUSD
Inflation costs during construction: 82.70 MUSD
Royalty supplemental payments during construction: 2.10 MUSD
Interest during construction: 28.53 MUSD
Total CAPEX: 712.75 MUSD
***OPERATING AND MAINTENANCE COSTS (M$/yr)***
Wellfield maintenance costs: 1.86 MUSD/yr
Power plant maintenance costs: 6.38 MUSD/yr
Water costs: 3.15 MUSD/yr
Total operating and maintenance costs: 11.49 MUSD/yr
***SURFACE EQUIPMENT SIMULATION RESULTS***
Initial geofluid availability: 0.19 MW/(kg/s)
Maximum Total Electricity Generation: 117.52 MW
Average Total Electricity Generation: 117.19 MW
Minimum Total Electricity Generation: 114.41 MW
Initial Total Electricity Generation: 114.41 MW
Maximum Net Electricity Generation: 110.92 MW
Average Net Electricity Generation: 110.58 MW
Minimum Net Electricity Generation: 107.79 MW
Initial Net Electricity Generation: 107.79 MW
Average Annual Total Electricity Generation: 923.94 GWh
Average Annual Net Electricity Generation: 871.83 GWh
Initial pumping power/net installed power: 6.15 %
Average Pumping Power: 6.61 MW
Heat to Power Conversion Efficiency: 15.37 %
************************************************************
* 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 197.90 6.6279 107.7857 15.1865
2 1.0064 199.16 6.6158 109.6141 15.3068
3 1.0076 199.40 6.6136 109.9549 15.3291
4 1.0082 199.52 6.6124 110.1323 15.3406
5 1.0086 199.60 6.6117 110.2497 15.3483
6 1.0089 199.66 6.6111 110.3363 15.3539
7 1.0092 199.71 6.6107 110.4044 15.3583
8 1.0093 199.75 6.6103 110.4601 15.3620
9 1.0095 199.78 6.6100 110.5072 15.3650
10 1.0097 199.81 6.6097 110.5477 15.3676
11 1.0098 199.83 6.6095 110.5833 15.3700
12 1.0099 199.85 6.6093 110.6149 15.3720
13 1.0100 199.87 6.6091 110.6432 15.3738
14 1.0101 199.89 6.6089 110.6690 15.3755
15 1.0102 199.91 6.6088 110.6925 15.3770
16 1.0102 199.92 6.6086 110.7141 15.3784
17 1.0103 199.94 6.6085 110.7340 15.3797
18 1.0104 199.95 6.6084 110.7526 15.3809
19 1.0104 199.96 6.6083 110.7699 15.3821
20 1.0105 199.97 6.6082 110.7862 15.3831
21 1.0105 199.98 6.6081 110.8015 15.3841
22 1.0106 199.99 6.6080 110.8159 15.3850
23 1.0106 200.00 6.6079 110.8295 15.3859
24 1.0107 200.01 6.6078 110.8424 15.3868
25 1.0107 200.02 6.6077 110.8547 15.3876
26 1.0108 200.03 6.6076 110.8664 15.3883
27 1.0108 200.04 6.6076 110.8775 15.3890
28 1.0108 200.04 6.6075 110.8882 15.3897
29 1.0109 200.05 6.6074 110.8984 15.3904
30 1.0109 200.06 6.6074 110.9082 15.3910
*******************************************************************
* 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) (%)
1 859.5 5629.4 3284.81 0.61
2 865.7 5651.2 3264.47 1.23
3 867.6 5657.8 3244.10 1.84
4 868.8 5661.7 3223.72 2.46
5 869.6 5664.5 3203.33 3.08
6 870.2 5666.6 3182.93 3.70
7 870.7 5668.3 3162.52 4.31
8 871.1 5669.6 3142.11 4.93
9 871.4 5670.8 3121.70 5.55
10 871.7 5671.9 3101.28 6.17
11 872.0 5672.8 3080.86 6.78
12 872.2 5673.6 3060.43 7.40
13 872.4 5674.4 3040.00 8.02
14 872.6 5675.0 3019.57 8.64
15 872.8 5675.6 2999.14 9.26
16 872.9 5676.2 2978.71 9.87
17 873.1 5676.7 2958.27 10.49
18 873.2 5677.2 2937.83 11.11
19 873.4 5677.7 2917.39 11.73
20 873.5 5678.1 2896.95 12.35
21 873.6 5678.5 2876.51 12.97
22 873.7 5678.9 2856.06 13.59
23 873.8 5679.3 2835.62 14.20
24 873.9 5679.6 2815.17 14.82
25 874.0 5679.9 2794.72 15.44
26 874.1 5680.2 2774.28 16.06
27 874.2 5680.5 2753.83 16.68
28 874.3 5680.8 2733.37 17.30
29 874.4 5681.1 2712.92 17.92
30 874.4 5681.4 2692.47 18.54
***************************
* SAM CASH FLOW PROFILE *
***************************
-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Year -6 Year -5 Year -4 Year -3 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] (%) 1.0 2.0 7.0 10.0 20.0 20.0 40.0
Overnight capital expenditure [construction] ($) -5,994,215 -11,988,430 -41,959,506 -59,942,151 -119,884,303 -119,884,303 -239,768,605
plus:
Inflation cost [construction] ($) -137,867 -557,810 -2,962,306 -5,707,868 -14,435,638 -17,524,996 -41,370,820
plus:
Royalty supplemental payments [construction] ($) -1,500,000 -100,000 -100,000 -100,000 -100,000 -100,000 -100,000
equals:
Nominal capital expenditure [construction] ($) -7,632,082 -12,646,240 -45,021,812 -65,750,020 -134,419,940 -137,509,299 -281,239,426
Issuance of equity [construction] ($) 7,632,082 12,646,240 45,021,812 23,012,507 47,046,979 48,128,255 98,433,799
Issuance of debt [construction] ($) 0 0 0 42,737,513 87,372,961 89,381,044 182,805,627
Debt balance [construction] ($) 0 0 0 42,737,513 133,102,100 231,800,291 430,831,938
Debt interest payment [construction] ($) 0 0 0 0 2,991,626 9,317,147 16,226,020
Installed cost [construction] ($) -7,632,082 -12,646,240 -45,021,812 -65,750,020 -137,411,566 -146,826,446 -297,465,446
After-tax net cash flow [construction] ($) -7,632,082 -12,646,240 -45,021,812 -23,012,507 -47,046,979 -48,128,255 -98,433,799
ENERGY
Electricity to grid (kWh) 0.0 859,490,068 865,758,172 867,671,460 868,803,529 869,596,370 870,200,786 870,686,054 871,089,570 871,433,728 871,732,959 871,997,081 872,233,061 872,446,015 872,639,805 872,817,414 872,981,191 873,133,019 873,274,427 873,406,675 873,530,811 873,647,716 873,758,141 873,862,724 873,962,017 874,056,500 874,146,590 874,232,654 874,315,016 874,393,962 874,466,670
Electricity from grid (kWh) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Electricity to grid net (kWh) 0.0 859,490,068 865,758,172 867,671,460 868,803,529 869,596,370 870,200,786 870,686,054 871,089,570 871,433,728 871,732,959 871,997,081 872,233,061 872,446,015 872,639,805 872,817,414 872,981,191 873,133,019 873,274,427 873,406,675 873,530,811 873,647,716 873,758,141 873,862,724 873,962,017 874,056,500 874,146,590 874,232,654 874,315,016 874,393,962 874,466,670
REVENUE
PPA price (cents/kWh) 0.0 8.0 8.0 8.32 8.64 8.97 9.29 9.61 9.93 10.25 10.58 10.90 11.22 11.54 11.86 12.19 12.51 12.83 13.15 13.47 13.80 14.12 14.44 14.76 15.08 15.41 15.73 16.05 16.37 16.69 17.02
PPA revenue ($) 0 68,759,205 69,260,654 72,207,619 75,099,377 77,968,011 80,824,249 83,672,930 86,516,616 89,356,814 92,194,478 95,030,242 97,864,549 100,697,719 103,529,986 106,361,530 109,192,487 112,022,966 114,853,053 117,682,815 120,512,311 123,341,585 126,170,676 128,999,615 131,828,431 134,657,144 137,485,776 140,314,341 143,142,854 145,971,328 148,799,249
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 ($) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 356,376,806
Total revenue ($) 0 68,759,205 69,260,654 72,207,619 75,099,377 77,968,011 80,824,249 83,672,930 86,516,616 89,356,814 92,194,478 95,030,242 97,864,549 100,697,719 103,529,986 106,361,530 109,192,487 112,022,966 114,853,053 117,682,815 120,512,311 123,341,585 126,170,676 128,999,615 131,828,431 134,657,144 137,485,776 140,314,341 143,142,854 145,971,328 505,176,054
Property tax net assessed value ($) 0 712,753,612 712,753,612 712,753,612 712,753,612 712,753,612 712,753,612 712,753,612 712,753,612 712,753,612 712,753,612 712,753,612 712,753,612 712,753,612 712,753,612 712,753,612 712,753,612 712,753,612 712,753,612 712,753,612 712,753,612 712,753,612 712,753,612 712,753,612 712,753,612 712,753,612 712,753,612 712,753,612 712,753,612 712,753,612 712,753,612
OPERATING EXPENSES
O&M fixed expense ($) 0 11,486,596 11,486,596 11,486,596 11,486,596 11,486,596 11,486,596 11,486,596 11,486,596 11,486,596 11,486,596 11,486,596 11,486,596 11,486,596 11,486,596 11,486,596 11,486,596 11,486,596 11,486,596 11,486,596 11,486,596 11,486,596 11,486,596 11,486,596 11,486,596 11,486,596 11,486,596 11,486,596 11,486,596 11,486,596 11,486,596
O&M production-based expense ($) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
O&M capacity-based expense ($) 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 ($) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Insurance expense ($) 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 ($) 0 11,486,596 11,486,596 11,486,596 11,486,596 11,486,596 11,486,596 11,486,596 11,486,596 11,486,596 11,486,596 11,486,596 11,486,596 11,486,596 11,486,596 11,486,596 11,486,596 11,486,596 11,486,596 11,486,596 11,486,596 11,486,596 11,486,596 11,486,596 11,486,596 11,486,596 11,486,596 11,486,596 11,486,596 11,486,596 11,486,596
EBITDA ($) 0 57,272,609 57,774,058 60,721,023 63,612,781 66,481,414 69,337,653 72,186,334 75,030,020 77,870,218 80,707,882 83,543,646 86,377,953 89,211,123 92,043,390 94,874,934 97,705,891 100,536,370 103,366,456 106,196,219 109,025,714 111,854,988 114,684,079 117,513,019 120,341,834 123,170,548 125,999,179 128,827,745 131,656,258 134,484,732 493,689,458
OPERATING ACTIVITIES
EBITDA ($) 0 57,272,609 57,774,058 60,721,023 63,612,781 66,481,414 69,337,653 72,186,334 75,030,020 77,870,218 80,707,882 83,543,646 86,377,953 89,211,123 92,043,390 94,874,934 97,705,891 100,536,370 103,366,456 106,196,219 109,025,714 111,854,988 114,684,079 117,513,019 120,341,834 123,170,548 125,999,179 128,827,745 131,656,258 134,484,732 493,689,458
Interest earned on reserves ($) 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 ($) 0 30,158,236 29,838,968 29,497,352 29,131,823 28,740,707 28,322,213 27,874,424 27,395,290 26,882,617 26,334,056 25,747,096 25,119,049 24,447,039 23,727,988 22,958,603 22,135,362 21,254,493 20,311,964 19,303,458 18,224,356 17,069,717 15,834,254 14,512,308 13,097,826 11,584,330 9,964,889 8,232,088 6,377,990 4,394,106 2,271,349
Cash flow from operating activities ($) 0 27,114,373 27,935,089 31,223,670 34,480,957 37,740,707 41,015,440 44,311,909 47,634,730 50,987,602 54,373,825 57,796,549 61,258,904 64,764,084 68,315,402 71,916,330 75,570,529 79,281,877 83,054,492 86,892,761 90,801,358 94,785,271 98,849,825 103,000,711 107,244,009 111,586,218 116,034,290 120,595,657 125,278,268 130,090,626 491,418,109
INVESTING ACTIVITIES
Total installed cost ($) -712,753,612
Debt closing costs ($) 0
Debt up-front fee ($) 0
minus:
Total IBI income ($) 0
Total CBI income ($) 0
equals:
Purchase of property ($) -712,753,612
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 ($) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
equals:
Cash flow from investing activities ($) -712,753,612 0 0 0 0 0 0 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 ($) 281,921,674
Size of debt ($) 430,831,938
minus:
Debt principal payment ($) 0 4,560,961 4,880,228 5,221,844 5,587,373 5,978,489 6,396,983 6,844,772 7,323,906 7,836,580 8,385,140 8,972,100 9,600,147 10,272,157 10,991,208 11,760,593 12,583,835 13,464,703 14,407,232 15,415,738 16,494,840 17,649,479 18,884,942 20,206,888 21,621,371 23,134,867 24,754,307 26,487,109 28,341,206 30,325,091 32,447,847
equals:
Cash flow from financing activities ($) 712,753,612 -4,560,961 -4,880,228 -5,221,844 -5,587,373 -5,978,489 -6,396,983 -6,844,772 -7,323,906 -7,836,580 -8,385,140 -8,972,100 -9,600,147 -10,272,157 -10,991,208 -11,760,593 -12,583,835 -13,464,703 -14,407,232 -15,415,738 -16,494,840 -17,649,479 -18,884,942 -20,206,888 -21,621,371 -23,134,867 -24,754,307 -26,487,109 -28,341,206 -30,325,091 -32,447,847
PROJECT RETURNS
Pre-tax Cash Flow:
Cash flow from operating activities ($) 0 27,114,373 27,935,089 31,223,670 34,480,957 37,740,707 41,015,440 44,311,909 47,634,730 50,987,602 54,373,825 57,796,549 61,258,904 64,764,084 68,315,402 71,916,330 75,570,529 79,281,877 83,054,492 86,892,761 90,801,358 94,785,271 98,849,825 103,000,711 107,244,009 111,586,218 116,034,290 120,595,657 125,278,268 130,090,626 491,418,109
Cash flow from investing activities ($) -712,753,612 0 0 0 0 0 0 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 ($) 712,753,612 -4,560,961 -4,880,228 -5,221,844 -5,587,373 -5,978,489 -6,396,983 -6,844,772 -7,323,906 -7,836,580 -8,385,140 -8,972,100 -9,600,147 -10,272,157 -10,991,208 -11,760,593 -12,583,835 -13,464,703 -14,407,232 -15,415,738 -16,494,840 -17,649,479 -18,884,942 -20,206,888 -21,621,371 -23,134,867 -24,754,307 -26,487,109 -28,341,206 -30,325,091 -32,447,847
Total pre-tax cash flow ($) 0 22,553,413 23,054,861 26,001,826 28,893,584 31,762,218 34,618,456 37,467,137 40,310,823 43,151,022 45,988,685 48,824,449 51,658,757 54,491,926 57,324,194 60,155,737 62,986,695 65,817,174 68,647,260 71,477,023 74,306,518 77,135,792 79,964,883 82,793,823 85,622,638 88,451,352 91,279,983 94,108,548 96,937,062 99,765,535 458,970,262
Pre-tax Returns:
Issuance of equity ($) 281,921,674
Total pre-tax cash flow ($) 0 22,553,413 23,054,861 26,001,826 28,893,584 31,762,218 34,618,456 37,467,137 40,310,823 43,151,022 45,988,685 48,824,449 51,658,757 54,491,926 57,324,194 60,155,737 62,986,695 65,817,174 68,647,260 71,477,023 74,306,518 77,135,792 79,964,883 82,793,823 85,622,638 88,451,352 91,279,983 94,108,548 96,937,062 99,765,535 458,970,262
Total pre-tax returns ($) -281,921,674 22,553,413 23,054,861 26,001,826 28,893,584 31,762,218 34,618,456 37,467,137 40,310,823 43,151,022 45,988,685 48,824,449 51,658,757 54,491,926 57,324,194 60,155,737 62,986,695 65,817,174 68,647,260 71,477,023 74,306,518 77,135,792 79,964,883 82,793,823 85,622,638 88,451,352 91,279,983 94,108,548 96,937,062 99,765,535 458,970,262
After-tax Returns:
Total pre-tax returns ($) -281,921,674 22,553,413 23,054,861 26,001,826 28,893,584 31,762,218 34,618,456 37,467,137 40,310,823 43,151,022 45,988,685 48,824,449 51,658,757 54,491,926 57,324,194 60,155,737 62,986,695 65,817,174 68,647,260 71,477,023 74,306,518 77,135,792 79,964,883 82,793,823 85,622,638 88,451,352 91,279,983 94,108,548 96,937,062 99,765,535 458,970,262
Federal ITC total income ($) 0 213,826,084 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Federal PTC income ($) 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) ($) 0 -2,337,421 460,310 -181,950 -818,098 -1,454,727 -2,094,282 -2,738,083 -3,387,030 -4,041,845 -4,703,175 -5,371,633 -6,047,831 -6,732,392 -7,425,965 -8,129,226 -8,842,891 -9,567,717 -10,304,509 -11,054,123 -11,817,472 -15,553,547 -19,305,371 -20,116,039 -20,944,755 -21,792,788 -22,661,497 -23,552,332 -24,466,846 -25,406,699 -95,973,957
State ITC total income ($) 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 -837,785 164,986 -65,215 -293,225 -521,407 -750,639 -981,392 -1,213,989 -1,448,690 -1,685,726 -1,925,316 -2,167,681 -2,413,044 -2,661,636 -2,913,701 -3,169,495 -3,429,289 -3,693,372 -3,962,051 -4,235,653 -5,574,748 -6,919,488 -7,210,050 -7,507,081 -7,811,035 -8,122,400 -8,441,696 -8,769,479 -9,106,344 -34,399,268
Total after-tax returns ($) -281,921,674 233,204,291 23,680,157 25,754,662 27,782,262 29,786,083 31,773,535 33,747,663 35,709,805 37,660,486 39,599,784 41,527,500 43,443,245 45,346,490 47,236,593 49,112,810 50,974,308 52,820,167 54,649,378 56,460,848 58,253,393 56,007,497 53,740,024 55,467,734 57,170,803 58,847,528 60,496,086 62,114,520 63,700,737 65,252,492 328,597,037
After-tax net cash flow ($) -7,632,082 -12,646,240 -45,021,812 -23,012,507 -47,046,979 -48,128,255 -98,433,799 233,204,291 23,680,157 25,754,662 27,782,262 29,786,083 31,773,535 33,747,663 35,709,805 37,660,486 39,599,784 41,527,500 43,443,245 45,346,490 47,236,593 49,112,810 50,974,308 52,820,167 54,649,378 56,460,848 58,253,393 56,007,497 53,740,024 55,467,734 57,170,803 58,847,528 60,496,086 62,114,520 63,700,737 65,252,492 328,597,037
After-tax cumulative IRR (%) NaN NaN NaN NaN NaN NaN NaN -6.86 -3.25 0.08 2.95 5.32 7.26 8.83 10.11 11.16 12.01 12.72 13.31 13.79 14.20 14.54 14.83 15.08 15.28 15.46 15.61 15.73 15.83 15.91 15.98 16.04 16.10 16.15 16.19 16.22 16.37
After-tax cumulative NPV ($) -7,632,082 -19,078,300 -55,961,127 -73,024,534 -104,598,867 -133,833,872 -187,952,641 -71,903,799 -61,238,096 -50,738,772 -40,487,596 -30,539,954 -20,935,496 -11,702,309 -2,859,382 5,581,641 13,615,100 21,240,211 28,460,145 35,281,259 41,712,441 47,764,562 53,450,011 58,782,302 63,775,742 68,445,159 72,805,667 76,600,238 79,895,690 82,974,324 85,846,379 88,522,139 91,011,837 93,325,571 95,473,229 97,464,446 106,540,261
AFTER-TAX LCOE AND PPA PRICE
Annual costs ($) -7,632,082 -12,646,240 -45,021,812 -23,012,507 -47,046,979 -48,128,255 -98,433,799 164,445,085 -45,580,497 -46,452,957 -47,317,116 -48,181,927 -49,050,714 -49,925,267 -50,806,811 -51,696,328 -52,594,693 -53,502,742 -54,421,305 -55,351,229 -56,293,394 -57,248,720 -58,218,179 -59,202,799 -60,203,674 -61,221,967 -62,258,918 -67,334,087 -72,430,651 -73,531,881 -74,657,628 -75,809,616 -76,989,690 -78,199,820 -79,442,117 -80,718,836 179,797,789
PPA revenue ($) 0 0 0 0 0 0 0 68,759,205 69,260,654 72,207,619 75,099,377 77,968,011 80,824,249 83,672,930 86,516,616 89,356,814 92,194,478 95,030,242 97,864,549 100,697,719 103,529,986 106,361,530 109,192,487 112,022,966 114,853,053 117,682,815 120,512,311 123,341,585 126,170,676 128,999,615 131,828,431 134,657,144 137,485,776 140,314,341 143,142,854 145,971,328 148,799,249
Electricity to grid (kWh) 0 0 0 0 0 0 0 859,490,068 865,758,172 867,671,460 868,803,529 869,596,370 870,200,786 870,686,054 871,089,570 871,433,728 871,732,959 871,997,081 872,233,061 872,446,015 872,639,805 872,817,414 872,981,191 873,133,019 873,274,427 873,406,675 873,530,811 873,647,716 873,758,141 873,862,724 873,962,017 874,056,500 874,146,590 874,232,654 874,315,016 874,393,962 874,466,670
Present value of annual costs ($) 338,609,355
Present value of annual energy costs ($) 338,609,355
Present value of annual energy nominal (kWh) 4,330,865,025
LCOE Levelized cost of energy nominal (cents/kWh) 7.82
Present value of PPA revenue ($) 445,149,615
Present value of annual energy nominal (kWh) 4,330,865,025
LPPA Levelized PPA price nominal (cents/kWh) 10.28
PROJECT STATE INCOME TAXES
EBITDA ($) 0 57,272,609 57,774,058 60,721,023 63,612,781 66,481,414 69,337,653 72,186,334 75,030,020 77,870,218 80,707,882 83,543,646 86,377,953 89,211,123 92,043,390 94,874,934 97,705,891 100,536,370 103,366,456 106,196,219 109,025,714 111,854,988 114,684,079 117,513,019 120,341,834 123,170,548 125,999,179 128,827,745 131,656,258 134,484,732 493,689,458
State taxable PBI income ($) 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 30,158,236 29,838,968 29,497,352 29,131,823 28,740,707 28,322,213 27,874,424 27,395,290 26,882,617 26,334,056 25,747,096 25,119,049 24,447,039 23,727,988 22,958,603 22,135,362 21,254,493 20,311,964 19,303,458 18,224,356 17,069,717 15,834,254 14,512,308 13,097,826 11,584,330 9,964,889 8,232,088 6,377,990 4,394,106 2,271,349
Total state tax depreciation ($) 0 15,146,014 30,292,028 30,292,028 30,292,028 30,292,028 30,292,028 30,292,028 30,292,028 30,292,028 30,292,028 30,292,028 30,292,028 30,292,028 30,292,028 30,292,028 30,292,028 30,292,028 30,292,028 30,292,028 30,292,028 15,146,014 0 0 0 0 0 0 0 0 0
equals:
State taxable income ($) 0 11,968,359 -2,356,939 931,642 4,188,929 7,448,678 10,723,411 14,019,881 17,342,701 20,695,573 24,081,797 27,504,521 30,966,875 34,472,055 38,023,374 41,624,302 45,278,501 48,989,848 52,762,464 56,600,733 60,509,330 79,639,257 98,849,825 103,000,711 107,244,009 111,586,218 116,034,290 120,595,657 125,278,268 130,090,626 491,418,109
State income tax rate (frac) 0.0 0.07 0.07 0.07 0.07 0.07 0.07 0.07 0.07 0.07 0.07 0.07 0.07 0.07 0.07 0.07 0.07 0.07 0.07 0.07 0.07 0.07 0.07 0.07 0.07 0.07 0.07 0.07 0.07 0.07 0.07
State tax benefit (liability) ($) 0 -837,785 164,986 -65,215 -293,225 -521,407 -750,639 -981,392 -1,213,989 -1,448,690 -1,685,726 -1,925,316 -2,167,681 -2,413,044 -2,661,636 -2,913,701 -3,169,495 -3,429,289 -3,693,372 -3,962,051 -4,235,653 -5,574,748 -6,919,488 -7,210,050 -7,507,081 -7,811,035 -8,122,400 -8,441,696 -8,769,479 -9,106,344 -34,399,268
PROJECT FEDERAL INCOME TAXES
EBITDA ($) 0 57,272,609 57,774,058 60,721,023 63,612,781 66,481,414 69,337,653 72,186,334 75,030,020 77,870,218 80,707,882 83,543,646 86,377,953 89,211,123 92,043,390 94,874,934 97,705,891 100,536,370 103,366,456 106,196,219 109,025,714 111,854,988 114,684,079 117,513,019 120,341,834 123,170,548 125,999,179 128,827,745 131,656,258 134,484,732 493,689,458
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 -837,785 164,986 -65,215 -293,225 -521,407 -750,639 -981,392 -1,213,989 -1,448,690 -1,685,726 -1,925,316 -2,167,681 -2,413,044 -2,661,636 -2,913,701 -3,169,495 -3,429,289 -3,693,372 -3,962,051 -4,235,653 -5,574,748 -6,919,488 -7,210,050 -7,507,081 -7,811,035 -8,122,400 -8,441,696 -8,769,479 -9,106,344 -34,399,268
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 30,158,236 29,838,968 29,497,352 29,131,823 28,740,707 28,322,213 27,874,424 27,395,290 26,882,617 26,334,056 25,747,096 25,119,049 24,447,039 23,727,988 22,958,603 22,135,362 21,254,493 20,311,964 19,303,458 18,224,356 17,069,717 15,834,254 14,512,308 13,097,826 11,584,330 9,964,889 8,232,088 6,377,990 4,394,106 2,271,349
Total federal tax depreciation ($) 0 15,146,014 30,292,028 30,292,028 30,292,028 30,292,028 30,292,028 30,292,028 30,292,028 30,292,028 30,292,028 30,292,028 30,292,028 30,292,028 30,292,028 30,292,028 30,292,028 30,292,028 30,292,028 30,292,028 30,292,028 15,146,014 0 0 0 0 0 0 0 0 0
equals:
Federal taxable income ($) 0 11,130,574 -2,191,954 866,427 3,895,704 6,927,271 9,972,772 13,038,489 16,128,712 19,246,883 22,396,071 25,579,204 28,799,194 32,059,011 35,361,738 38,710,601 42,109,006 45,560,559 49,069,091 52,638,681 56,273,676 74,064,509 91,930,338 95,790,661 99,736,928 103,775,183 107,911,890 112,153,961 116,508,789 120,984,282 457,018,841
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) ($) 0 -2,337,421 460,310 -181,950 -818,098 -1,454,727 -2,094,282 -2,738,083 -3,387,030 -4,041,845 -4,703,175 -5,371,633 -6,047,831 -6,732,392 -7,425,965 -8,129,226 -8,842,891 -9,567,717 -10,304,509 -11,054,123 -11,817,472 -15,553,547 -19,305,371 -20,116,039 -20,944,755 -21,792,788 -22,661,497 -23,552,332 -24,466,846 -25,406,699 -95,973,957
CASH INCENTIVES
Federal IBI income ($) 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 ($) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Federal ITC percent income ($) 0 213,826,084 0 0 0 0 0 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 ($) 0 213,826,084 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
State ITC amount income ($) 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 ($) 430,831,938 426,270,977 421,390,749 416,168,905 410,581,532 404,603,043 398,206,060 391,361,288 384,037,381 376,200,802 367,815,661 358,843,561 349,243,414 338,971,257 327,980,048 316,219,455 303,635,621 290,170,918 275,763,686 260,347,947 243,853,107 226,203,628 207,318,686 187,111,797 165,490,427 142,355,560 117,601,253 91,114,144 62,772,938 32,447,847 0
Debt interest payment ($) 0 30,158,236 29,838,968 29,497,352 29,131,823 28,740,707 28,322,213 27,874,424 27,395,290 26,882,617 26,334,056 25,747,096 25,119,049 24,447,039 23,727,988 22,958,603 22,135,362 21,254,493 20,311,964 19,303,458 18,224,356 17,069,717 15,834,254 14,512,308 13,097,826 11,584,330 9,964,889 8,232,088 6,377,990 4,394,106 2,271,349
Debt principal payment ($) 0 4,560,961 4,880,228 5,221,844 5,587,373 5,978,489 6,396,983 6,844,772 7,323,906 7,836,580 8,385,140 8,972,100 9,600,147 10,272,157 10,991,208 11,760,593 12,583,835 13,464,703 14,407,232 15,415,738 16,494,840 17,649,479 18,884,942 20,206,888 21,621,371 23,134,867 24,754,307 26,487,109 28,341,206 30,325,091 32,447,847
Debt total payment ($) 0 34,719,196 34,719,196 34,719,196 34,719,196 34,719,196 34,719,196 34,719,196 34,719,196 34,719,196 34,719,196 34,719,196 34,719,196 34,719,196 34,719,196 34,719,196 34,719,196 34,719,196 34,719,196 34,719,196 34,719,196 34,719,196 34,719,196 34,719,196 34,719,196 34,719,196 34,719,196 34,719,196 34,719,196 34,719,196 34,719,196
DSCR (DEBT FRACTION)
EBITDA ($) 0 57,272,609 57,774,058 60,721,023 63,612,781 66,481,414 69,337,653 72,186,334 75,030,020 77,870,218 80,707,882 83,543,646 86,377,953 89,211,123 92,043,390 94,874,934 97,705,891 100,536,370 103,366,456 106,196,219 109,025,714 111,854,988 114,684,079 117,513,019 120,341,834 123,170,548 125,999,179 128,827,745 131,656,258 134,484,732 493,689,458
minus:
Reserves major equipment 1 funding ($) 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 57,272,609 57,774,058 60,721,023 63,612,781 66,481,414 69,337,653 72,186,334 75,030,020 77,870,218 80,707,882 83,543,646 86,377,953 89,211,123 92,043,390 94,874,934 97,705,891 100,536,370 103,366,456 106,196,219 109,025,714 111,854,988 114,684,079 117,513,019 120,341,834 123,170,548 125,999,179 128,827,745 131,656,258 134,484,732 493,689,458
Debt total payment ($) 0 34,719,196 34,719,196 34,719,196 34,719,196 34,719,196 34,719,196 34,719,196 34,719,196 34,719,196 34,719,196 34,719,196 34,719,196 34,719,196 34,719,196 34,719,196 34,719,196 34,719,196 34,719,196 34,719,196 34,719,196 34,719,196 34,719,196 34,719,196 34,719,196 34,719,196 34,719,196 34,719,196 34,719,196 34,719,196 34,719,196
DSCR (pre-tax) 0.0 1.65 1.66 1.75 1.83 1.91 2.0 2.08 2.16 2.24 2.32 2.41 2.49 2.57 2.65 2.73 2.81 2.90 2.98 3.06 3.14 3.22 3.30 3.38 3.47 3.55 3.63 3.71 3.79 3.87 14.22
RESERVES
Reserves working capital funding ($) 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: 3.15 MUSD
Royalty Holder Average Annual Revenue: 0.14 MUSD/yr
Royalty Holder Total Revenue: 5.10 MUSD