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*****************
***CASE REPORT***
*****************
Simulation Metadata
----------------------
GEOPHIRES Version: 3.14.0
Simulation Date: 2026-06-11
Simulation Time: 12:32
Calculation Time: 1.872 sec
***SUMMARY OF RESULTS***
End-Use Option: Cogeneration Parallel Cycle, Heat sales considered as extra income
Average Net Electricity Production: 9.78 MW
Average Direct-Use Heat Production: 229.02 MW
Electricity breakeven price: 16.93 cents/kWh
Direct-Use heat breakeven price (LCOH): 3.95 USD/MMBTU
Total CAPEX: 252.83 MUSD
Electricity CAPEX ($/kWe): 8946 USD/kW
Heat CAPEX ($/kWth): 717 USD/kW
Number of production wells: 6
Number of injection wells: 4
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: 75.85 MUSD
Project lifetime: 30 yr
Capacity factor: 90.0 %
Project NPV: 75.97 MUSD
After-tax IRR: 34.87 %
Project VIR=PI=PIR: 2.04
Project MOIC: 7.63
Project Payback Period: 3.90 yr
CHP: Percent cost allocation for electrical plant: 34.93 %
***ENGINEERING PARAMETERS***
Number of Production Wells: 6
Number of Injection Wells: 4
Well depth: 2.7 kilometer
Water loss rate: 1.0 %
Pump efficiency: 80.0 %
Injection temperature: 50.5 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: Subcritical 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
***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: 1500
Fracture separation: 9.83 meter
Reservoir volume: 449216947 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: 201.3 degC
Initial Production Temperature: 201.6 degC
Average Reservoir Heat Extraction: 382.08 MW
Production Wellbore Heat Transmission Model = Ramey Model
Average Production Well Temperature Drop: 0.3 degC
Average Injection Well Pump Pressure Drop: -2003.9 kPa
Average Production Well Pump Pressure Drop: 9514.2 kPa
***CAPITAL COSTS (M$)***
Exploration costs: 4.71 MUSD
Drilling and completion costs: 46.49 MUSD
Drilling and completion costs per well: 4.65 MUSD
Stimulation costs: 48.30 MUSD
Stimulation costs per well: 4.83 MUSD
Surface power plant costs: 126.16 MUSD
of which Electrical Plant Cost: 44.06 MUSD
of which Heat Plant Cost: 82.10 MUSD
Field gathering system costs: 3.20 MUSD
Total surface equipment costs: 129.36 MUSD
Overnight Capital Cost: 228.86 MUSD
Inflation costs during construction: 14.66 MUSD
Interest during construction: 9.31 MUSD
Total CAPEX: 252.83 MUSD
***OPERATING AND MAINTENANCE COSTS (M$/yr)***
Wellfield maintenance costs: 1.12 MUSD/yr
Power plant maintenance costs: 3.75 MUSD/yr
Water costs: 0.16 MUSD/yr
Redrilling costs: 9.48 MUSD/yr
Total operating and maintenance costs: 14.50 MUSD/yr
***SURFACE EQUIPMENT SIMULATION RESULTS***
Initial geofluid availability: 0.19 MW/(kg/s)
Maximum Total Electricity Generation: 18.01 MW
Average Total Electricity Generation: 17.92 MW
Minimum Total Electricity Generation: 17.52 MW
Initial Total Electricity Generation: 17.60 MW
Maximum Net Electricity Generation: 9.87 MW
Average Net Electricity Generation: 9.78 MW
Minimum Net Electricity Generation: 9.34 MW
Initial Net Electricity Generation: 9.45 MW
Average Annual Total Electricity Generation: 141.31 GWh
Average Annual Net Electricity Generation: 77.12 GWh
Initial pumping power/net installed power: 86.29 %
Maximum Net Heat Production: 229.47 MW
Average Net Heat Production: 229.02 MW
Minimum Net Heat Production: 226.77 MW
Initial Net Heat Production: 227.23 MW
Average Annual Heat Production: 1805.60 GWh
Average Pumping Power: 8.14 MW
Heat to Power Conversion Efficiency: 7.66 %
************************************************************
* HEATING, COOLING AND/OR ELECTRICITY PRODUCTION PROFILE *
************************************************************
YEAR THERMAL GEOFLUID PUMP NET NET FIRST LAW
DRAWDOWN TEMPERATURE POWER POWER HEAT EFFICIENCY
(deg C) (MW) (MW) (MW) (%)
0 1.0000 201.64 8.1512 9.4463 227.2289 7.4605
1 1.0052 202.70 8.1476 9.7375 228.8127 7.6372
2 1.0062 202.89 8.1469 9.7919 229.1068 7.6701
3 1.0067 202.99 8.1466 9.8202 229.2598 7.6871
4 1.0070 203.06 8.1464 9.8390 229.3609 7.6984
5 1.0073 203.11 8.1462 9.8527 229.4348 7.7067
6 1.0074 203.13 8.1463 9.8590 229.4695 7.7104
7 1.0066 202.97 8.1489 9.8116 229.2250 7.6815
8 1.0007 201.78 8.1656 9.4684 227.4312 7.4713
9 1.0048 202.61 8.1453 9.7149 228.6766 7.6241
10 1.0060 202.86 8.1444 9.7847 229.0536 7.6662
11 1.0066 202.97 8.1428 9.8182 229.2280 7.6866
12 1.0070 203.05 8.1408 9.8405 229.3387 7.7004
13 1.0072 203.10 8.1387 9.8572 229.4184 7.7107
14 1.0074 203.13 8.1370 9.8682 229.4693 7.7176
15 1.0070 203.06 8.1373 9.8463 229.3515 7.7044
16 1.0031 202.27 8.1479 9.6203 228.1714 7.5666
17 1.0041 202.47 8.1345 9.6877 228.4684 7.6097
18 1.0058 202.82 8.1344 9.7831 228.9901 7.6671
19 1.0065 202.95 8.1343 9.8202 229.1926 7.6893
20 1.0069 203.03 8.1343 9.8426 229.3147 7.7028
21 1.0072 203.09 8.1343 9.8583 229.4006 7.7122
22 1.0074 203.13 8.1344 9.8694 229.4616 7.7188
23 1.0072 203.10 8.1353 9.8613 229.4219 7.7138
24 1.0048 202.61 8.1426 9.7180 228.6788 7.6265
25 1.0027 202.20 8.1344 9.6136 228.0599 7.5650
26 1.0056 202.76 8.1344 9.7689 228.9123 7.6585
27 1.0063 202.92 8.1344 9.8128 229.1526 7.6849
28 1.0068 203.01 8.1344 9.8377 229.2885 7.6998
29 1.0071 203.08 8.1344 9.8547 229.3815 7.7100
*******************************************************************
* ANNUAL HEATING, COOLING AND/OR ELECTRICITY PRODUCTION PROFILE *
*******************************************************************
YEAR HEAT ELECTRICITY HEAT RESERVOIR PERCENTAGE OF
PROVIDED PROVIDED EXTRACTED HEAT CONTENT TOTAL HEAT MINED
(GWh/year) (GWh/year) (GWh/year) (10^15 J) (%)
1 1799.9 76.0 3002.77 143.09 7.02
2 1805.3 77.0 3011.81 132.25 14.07
3 1806.9 77.3 3014.56 121.39 21.12
4 1807.9 77.5 3016.19 110.54 28.18
5 1808.6 77.6 3017.33 99.67 35.23
6 1809.1 77.7 3018.10 88.81 42.29
7 1808.6 77.6 3017.30 77.95 49.35
8 1802.0 76.4 3006.30 67.12 56.38
9 1796.6 75.4 2997.27 56.33 63.40
10 1804.6 76.9 3010.72 45.49 70.44
11 1806.6 77.3 3014.03 34.64 77.49
12 1807.7 77.5 3015.84 23.79 84.54
13 1808.4 77.7 3017.08 12.93 91.60
14 1809.0 77.8 3017.96 2.06 98.66
15 1808.9 77.8 3017.88 -8.80 105.72
16 1804.9 77.0 3011.14 -19.64 112.76
17 1795.1 75.2 2994.77 -30.42 119.77
18 1803.8 76.8 3009.26 -41.26 126.81
19 1806.2 77.3 3013.41 -52.11 133.86
20 1807.5 77.5 3015.46 -62.96 140.91
21 1808.3 77.7 3016.81 -73.82 147.97
22 1808.9 77.8 3017.78 -84.69 155.03
23 1809.1 77.8 3018.13 -95.55 162.09
24 1806.8 77.4 3014.27 -106.40 169.14
25 1795.4 75.2 2995.26 -117.19 176.14
26 1802.4 76.6 3007.08 -128.01 183.18
27 1805.8 77.2 3012.68 -138.86 190.23
28 1807.2 77.5 3015.04 -149.71 197.28
29 1808.1 77.6 3016.51 -160.57 204.33
30 1808.7 77.7 3017.53 -171.43 211.39
***************************
* 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] ($) -17,164,342 -120,150,392 -91,543,156
plus:
Inflation cost [construction] ($) -463,437 -6,575,711 -7,617,002
plus:
Royalty supplemental payments [construction] ($) 0 0 0
equals:
Nominal capital expenditure [construction] ($) -17,627,779 -126,726,102 -99,160,158
Issuance of equity [construction] ($) 17,627,779 38,017,831 29,748,047
Issuance of debt [construction] ($) 0 88,708,272 69,412,111
Debt balance [construction] ($) 0 88,708,272 167,434,751
Debt interest payment [construction] ($) 0 0 9,314,369
Installed cost [construction] ($) -17,627,779 -126,726,102 -108,474,526
After-tax net cash flow [construction] ($) -17,627,779 -38,017,831 -29,748,047
ENERGY
Electricity to grid (kWh) 0.0 76,022,895 77,022,420 77,328,014 77,508,915 77,635,368 77,721,005 77,625,113 76,358,606 75,411,265 76,920,949 77,293,497 77,507,333 77,659,375 77,771,654.0 77,770,039 76,998,319 75,192,414 76,844,058 77,299,019 77,524,423 77,671,903 77,778,315 77,814,608 77,365,558 75,228,107 76,606,475 77,219,138 77,477,201 77,638,802 77,750,321
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 76,022,895 77,022,420 77,328,014 77,508,915 77,635,368 77,721,005 77,625,113 76,358,606 75,411,265 76,920,949 77,293,497 77,507,333 77,659,375 77,771,654.0 77,770,039 76,998,319 75,192,414 76,844,058 77,299,019 77,524,423 77,671,903 77,778,315 77,814,608 77,365,558 75,228,107 76,606,475 77,219,138 77,477,201 77,638,802 77,750,321
Heat provided (kWh) 0 1,799,859,865 1,805,279,595 1,806,929,868 1,807,905,631 1,808,587,267 1,809,050,768 1,808,567,767 1,801,976,788 1,796,561,584 1,804,624,087 1,806,607,962 1,807,697,073 1,808,436,021 1,808,965,217 1,808,916,212 1,804,878,668 1,795,065,145 1,803,751,981 1,806,237,654 1,807,467,916 1,808,272,945 1,808,854,387 1,809,065,717 1,806,751,065 1,795,360,557 1,802,446,417 1,805,803,163 1,807,214,015 1,808,096,770 1,808,705,814
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 ($) 0 7,222,175 7,317,130 7,390,238 7,451,707 7,508,116 7,560,699 7,595,617 7,515,214 7,464,961 7,658,250 7,739,398 7,804,988 7,864,565 7,920,265 7,964,430 7,929,287 7,786,175 8,001,003 8,092,434 8,160,221 8,220,017 8,275,613 8,323,829 8,319,892 8,132,911 8,325,592 8,436,191 8,508,546 8,570,547 8,627,176
Curtailment payment revenue ($) 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
Heat price ($/kWh) 0.0 0.03 0.03 0.03 0.03 0.03 0.03 0.03 0.03 0.03 0.03 0.03 0.03 0.03 0.03 0.03 0.03 0.03 0.03 0.03 0.03 0.03 0.03 0.03 0.03 0.03 0.03 0.03 0.03 0.03 0.03
Heat revenue ($) 0 44,996,497 45,131,990 45,173,247 45,197,641 45,214,682 45,226,269 45,214,194 45,049,420 44,914,040 45,115,602 45,165,199 45,192,427 45,210,901 45,224,130 45,222,905 45,121,967 44,876,629 45,093,800 45,155,941 45,186,698 45,206,824 45,221,360 45,226,643 45,168,777 44,884,014 45,061,160 45,145,079 45,180,350 45,202,419 45,217,645
equals:
Capacity payment revenue ($) 0 44,996,497 45,131,990 45,173,247 45,197,641 45,214,682 45,226,269 45,214,194 45,049,420 44,914,040 45,115,602 45,165,199 45,192,427 45,210,901 45,224,130 45,222,905 45,121,967 44,876,629 45,093,800 45,155,941 45,186,698 45,206,824 45,221,360 45,226,643 45,168,777 44,884,014 45,061,160 45,145,079 45,180,350 45,202,419 45,217,645
Salvage value ($) 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 0 126,414,204
Total revenue ($) 0 52,218,672 52,449,120 52,563,485 52,649,348 52,722,798 52,786,968 52,809,811 52,564,634 52,379,001 52,773,852 52,904,597 52,997,415 53,075,466 53,144,395 53,187,335 53,051,254 52,662,804 53,094,803 53,248,375 53,346,919 53,426,841 53,496,973 53,550,472 53,488,669 53,016,925 53,386,752 53,581,270 53,688,896 53,772,966 180,259,024
Property tax net assessed value ($) 0 252,828,408 252,828,408 252,828,408 252,828,408 252,828,408 252,828,408 252,828,408 252,828,408 252,828,408 252,828,408 252,828,408 252,828,408 252,828,408 252,828,408 252,828,408 252,828,408 252,828,408 252,828,408 252,828,408 252,828,408 252,828,408 252,828,408 252,828,408 252,828,408 252,828,408 252,828,408 252,828,408 252,828,408 252,828,408 252,828,408
OPERATING EXPENSES
O&M fixed expense ($) 0 14,501,871 14,501,871 14,501,871 14,501,871 14,501,871 14,501,871 14,501,871 14,501,871 14,501,871 14,501,871 14,501,871 14,501,871 14,501,871 14,501,871 14,501,871 14,501,871 14,501,871 14,501,871 14,501,871 14,501,871 14,501,871 14,501,871 14,501,871 14,501,871 14,501,871 14,501,871 14,501,871 14,501,871 14,501,871 14,501,871
O&M production-based expense ($) 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 ($) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Property tax expense ($) 0 556,222 556,222 556,222 556,222 556,222 556,222 556,222 556,222 556,222 556,222 556,222 556,222 556,222 556,222 556,222 556,222 556,222 556,222 556,222 556,222 556,222 556,222 556,222 556,222 556,222 556,222 556,222 556,222 556,222 556,222
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 15,058,093 15,058,093 15,058,093 15,058,093 15,058,093 15,058,093 15,058,093 15,058,093 15,058,093 15,058,093 15,058,093 15,058,093 15,058,093 15,058,093 15,058,093 15,058,093 15,058,093 15,058,093 15,058,093 15,058,093 15,058,093 15,058,093 15,058,093 15,058,093 15,058,093 15,058,093 15,058,093 15,058,093 15,058,093 15,058,093
EBITDA ($) 0 37,160,579 37,391,027 37,505,392 37,591,255 37,664,705 37,728,875 37,751,718 37,506,541 37,320,908 37,715,758 37,846,504 37,939,322 38,017,373 38,086,302 38,129,241 37,993,161 37,604,710 38,036,710 38,190,282 38,288,825 38,368,748 38,438,879 38,492,378 38,430,576 37,958,831 38,328,658 38,523,177 38,630,803 38,714,873 165,200,931
OPERATING ACTIVITIES
EBITDA ($) 0 37,160,579 37,391,027 37,505,392 37,591,255 37,664,705 37,728,875 37,751,718 37,506,541 37,320,908 37,715,758 37,846,504 37,939,322 38,017,373 38,086,302 38,129,241 37,993,161 37,604,710 38,036,710 38,190,282 38,288,825 38,368,748 38,438,879 38,492,378 38,430,576 37,958,831 38,328,658 38,523,177 38,630,803 38,714,873 165,200,931
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 11,720,433 11,596,355 11,463,593 11,321,537 11,169,537 11,006,897 10,832,872 10,646,666 10,447,425 10,234,237 10,006,126 9,762,047 9,500,883 9,221,437 8,922,431 8,602,493 8,260,160 7,893,864 7,501,927 7,082,554 6,633,825 6,153,686 5,639,936 5,090,224 4,502,032 3,872,667 3,199,246 2,478,686 1,707,687 882,717
Cash flow from operating activities ($) 0 25,440,146 25,794,671 26,041,799 26,269,718 26,495,168 26,721,978 26,918,846 26,859,875 26,873,483 27,481,521 27,840,378 28,177,275 28,516,490 28,864,865 29,206,811 29,390,667 29,344,550 30,142,846 30,688,355 31,206,271 31,734,923 32,285,194 32,852,442 33,340,352 33,456,799 34,455,991 35,323,930 36,152,117 37,007,186 164,318,214
INVESTING ACTIVITIES
Total installed cost ($) -252,828,408
Debt closing costs ($) 0
Debt up-front fee ($) 0
minus:
Total IBI income ($) 0
Total CBI income ($) 0
equals:
Purchase of property ($) -252,828,408
plus:
Reserve (increase)/decrease debt service ($) 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 ($) -252,828,408 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
FINANCING ACTIVITIES
Issuance of equity ($) 85,393,657
Size of debt ($) 167,434,751
minus:
Debt principal payment ($) 0 1,772,532 1,896,609 2,029,372 2,171,428 2,323,428 2,486,068 2,660,092 2,846,299 3,045,540 3,258,727 3,486,838 3,730,917 3,992,081 4,271,527 4,570,534 4,890,471 5,232,804 5,599,101 5,991,038 6,410,410 6,859,139 7,339,279 7,853,028 8,402,740 8,990,932 9,620,297 10,293,718 11,014,278 11,785,278 12,610,247
equals:
Cash flow from financing activities ($) 252,828,408 -1,772,532 -1,896,609 -2,029,372 -2,171,428 -2,323,428 -2,486,068 -2,660,092 -2,846,299 -3,045,540 -3,258,727 -3,486,838 -3,730,917 -3,992,081 -4,271,527 -4,570,534 -4,890,471 -5,232,804 -5,599,101 -5,991,038 -6,410,410 -6,859,139 -7,339,279 -7,853,028 -8,402,740 -8,990,932 -9,620,297 -10,293,718 -11,014,278 -11,785,278 -12,610,247
PROJECT RETURNS
Pre-tax Cash Flow:
Cash flow from operating activities ($) 0 25,440,146 25,794,671 26,041,799 26,269,718 26,495,168 26,721,978 26,918,846 26,859,875 26,873,483 27,481,521 27,840,378 28,177,275 28,516,490 28,864,865 29,206,811 29,390,667 29,344,550 30,142,846 30,688,355 31,206,271 31,734,923 32,285,194 32,852,442 33,340,352 33,456,799 34,455,991 35,323,930 36,152,117 37,007,186 164,318,214
Cash flow from investing activities ($) -252,828,408 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Cash flow from financing activities ($) 252,828,408 -1,772,532 -1,896,609 -2,029,372 -2,171,428 -2,323,428 -2,486,068 -2,660,092 -2,846,299 -3,045,540 -3,258,727 -3,486,838 -3,730,917 -3,992,081 -4,271,527 -4,570,534 -4,890,471 -5,232,804 -5,599,101 -5,991,038 -6,410,410 -6,859,139 -7,339,279 -7,853,028 -8,402,740 -8,990,932 -9,620,297 -10,293,718 -11,014,278 -11,785,278 -12,610,247
Total pre-tax cash flow ($) 0 23,667,614 23,898,062 24,012,428 24,098,290 24,171,741 24,235,911 24,258,754 24,013,576 23,827,943 24,222,794 24,353,539 24,446,358 24,524,408 24,593,338 24,636,277 24,500,196 24,111,746 24,543,746 24,697,318 24,795,861 24,875,784 24,945,915 24,999,414 24,937,611 24,465,867 24,835,694 25,030,212 25,137,838 25,221,909 151,707,967
Pre-tax Returns:
Issuance of equity ($) 85,393,657
Total pre-tax cash flow ($) 0 23,667,614 23,898,062 24,012,428 24,098,290 24,171,741 24,235,911 24,258,754 24,013,576 23,827,943 24,222,794 24,353,539 24,446,358 24,524,408 24,593,338 24,636,277 24,500,196 24,111,746 24,543,746 24,697,318 24,795,861 24,875,784 24,945,915 24,999,414 24,937,611 24,465,867 24,835,694 25,030,212 25,137,838 25,221,909 151,707,967
Total pre-tax returns ($) -85,393,657 23,667,614 23,898,062 24,012,428 24,098,290 24,171,741 24,235,911 24,258,754 24,013,576 23,827,943 24,222,794 24,353,539 24,446,358 24,524,408 24,593,338 24,636,277 24,500,196 24,111,746 24,543,746 24,697,318 24,795,861 24,875,784 24,945,915 24,999,414 24,937,611 24,465,867 24,835,694 25,030,212 25,137,838 25,221,909 151,707,967
After-tax Returns:
Total pre-tax returns ($) -85,393,657 23,667,614 23,898,062 24,012,428 24,098,290 24,171,741 24,235,911 24,258,754 24,013,576 23,827,943 24,222,794 24,353,539 24,446,358 24,524,408 24,593,338 24,636,277 24,500,196 24,111,746 24,543,746 24,697,318 24,795,861 24,875,784 24,945,915 24,999,414 24,937,611 24,465,867 24,835,694 25,030,212 25,137,838 25,221,909 151,707,967
Federal ITC total income ($) 0 75,848,522 0 0 0 0 0 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 -4,022,439 -3,016,590 -3,066,125 -3,111,811 -3,157,001 -3,202,464 -3,241,925 -3,230,105 -3,232,832 -3,354,710 -3,426,641 -3,494,171 -3,562,165 -3,631,995 -3,700,536 -3,737,389 -3,728,145 -3,888,160 -3,997,504 -4,101,318 -5,284,195 -6,471,406 -6,585,108 -6,682,907 -6,706,248 -6,906,531 -7,080,505 -7,246,511 -7,417,905 -32,936,764
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) ($) 0 -913,073 -684,751 -695,995 -706,365 -716,623 -726,943 -735,901 -733,217 -733,837 -761,502 -777,830 -793,159 -808,593 -824,444 -840,003 -848,368 -846,270 -882,593 -907,413 -930,978 -1,199,486 -1,468,976 -1,494,786 -1,516,986 -1,522,284 -1,567,748 -1,607,239 -1,644,921 -1,683,827 -7,476,479
Total after-tax returns ($) -85,393,657 94,580,625 20,196,722 20,250,307 20,280,115 20,298,117 20,306,504 20,280,928 20,050,254 19,861,275 20,106,581 20,149,068 20,159,028 20,153,650 20,136,898 20,095,738 19,914,438 19,537,330 19,772,993 19,792,400 19,763,565 18,392,103 17,005,533 16,919,520 16,737,719 16,237,335 16,361,415 16,342,468 16,246,406 16,120,176 111,294,724
After-tax net cash flow ($) -17,627,779 -38,017,831 -29,748,047 94,580,625 20,196,722 20,250,307 20,280,115 20,298,117 20,306,504 20,280,928 20,050,254 19,861,275 20,106,581 20,149,068 20,159,028 20,153,650 20,136,898 20,095,738 19,914,438 19,537,330 19,772,993 19,792,400 19,763,565 18,392,103 17,005,533 16,919,520 16,737,719 16,237,335 16,361,415 16,342,468 16,246,406 16,120,176 111,294,724
After-tax cumulative IRR (%) NaN NaN NaN 5.61 15.42 21.94 26.15 28.90 30.72 31.96 32.80 33.38 33.79 34.09 34.30 34.46 34.57 34.65 34.71 34.76 34.79 34.81 34.83 34.84 34.85 34.85 34.86 34.86 34.86 34.87 34.87 34.87 34.87
After-tax cumulative NPV ($) -17,627,779 -50,679,865 -73,164,276 -11,014,899 523,008 10,580,490 19,337,173 26,956,848 33,584,008 39,338,297 44,284,081 48,543,340 52,292,005 55,557,920 58,398,657 60,867,689 63,012,441 64,873,243 66,476,398 67,843,763 69,046,867 70,093,852 71,002,758 71,738,113 72,329,221 72,840,522 73,280,262 73,651,136 73,976,031 74,258,163 74,502,002 74,712,345 75,974,881
AFTER-TAX LCOE AND PPA PRICE
Annual costs ($) -17,627,779 -38,017,831 -29,748,047 42,361,953 -32,252,398 -32,313,178 -32,369,233 -32,424,682 -32,480,465 -32,528,883 -32,514,380 -32,517,726 -32,667,270 -32,755,529 -32,838,388 -32,921,816 -33,007,497 -33,091,597 -33,136,815 -33,125,473 -33,321,810 -33,455,975 -33,583,354 -35,034,738 -36,491,440 -36,630,952 -36,750,950 -36,779,590 -37,025,336 -37,238,802 -37,442,490 -37,652,790 57,449,903
PPA revenue ($) 0 0 0 7,222,175 7,317,130 7,390,238 7,451,707 7,508,116 7,560,699 7,595,617 7,515,214 7,464,961 7,658,250 7,739,398 7,804,988 7,864,565 7,920,265 7,964,430 7,929,287 7,786,175 8,001,003 8,092,434 8,160,221 8,220,017 8,275,613 8,323,829 8,319,892 8,132,911 8,325,592 8,436,191 8,508,546 8,570,547 8,627,176
Electricity to grid (kWh) 0 0 0 76,022,895 77,022,420 77,328,014 77,508,915 77,635,368 77,721,005 77,625,113 76,358,606 75,411,265 76,920,949 77,293,497 77,507,333 77,659,375 77,771,654 77,770,039 76,998,319 75,192,414 76,844,058 77,299,019 77,524,423 77,671,903 77,778,315 77,814,608 77,365,558 75,228,107 76,606,475 77,219,138 77,477,201 77,638,802 77,750,321
Present value of annual costs ($) 185,102,812
Present value of annual energy costs ($) 64,648,201
Present value of annual energy nominal (kWh) 381,773,711
LCOE Levelized cost of energy nominal (cents/kWh) 16.93
Present value of PPA revenue ($) 37,430,146
Present value of annual energy nominal (kWh) 381,773,711
LPPA Levelized PPA price nominal (cents/kWh) 9.80
Present value of annual heat costs ($) 120,454,611
Present value of annual heat provided (MMBTU) 30,524,679
LCOH Levelized cost of heating nominal ($/MMBTU) 3.95
PROJECT STATE INCOME TAXES
EBITDA ($) 0 37,160,579 37,391,027 37,505,392 37,591,255 37,664,705 37,728,875 37,751,718 37,506,541 37,320,908 37,715,758 37,846,504 37,939,322 38,017,373 38,086,302 38,129,241 37,993,161 37,604,710 38,036,710 38,190,282 38,288,825 38,368,748 38,438,879 38,492,378 38,430,576 37,958,831 38,328,658 38,523,177 38,630,803 38,714,873 165,200,931
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 ($) 0 11,720,433 11,596,355 11,463,593 11,321,537 11,169,537 11,006,897 10,832,872 10,646,666 10,447,425 10,234,237 10,006,126 9,762,047 9,500,883 9,221,437 8,922,431 8,602,493 8,260,160 7,893,864 7,501,927 7,082,554 6,633,825 6,153,686 5,639,936 5,090,224 4,502,032 3,872,667 3,199,246 2,478,686 1,707,687 882,717
Total state tax depreciation ($) 0 5,372,604 10,745,207 10,745,207 10,745,207 10,745,207 10,745,207 10,745,207 10,745,207 10,745,207 10,745,207 10,745,207 10,745,207 10,745,207 10,745,207 10,745,207 10,745,207 10,745,207 10,745,207 10,745,207 10,745,207 5,372,604 0 0 0 0 0 0 0 0 0
equals:
State taxable income ($) 0 20,067,543 15,049,464 15,296,592 15,524,511 15,749,961 15,976,771 16,173,639 16,114,668 16,128,276 16,736,314 17,095,170 17,432,067 17,771,282 18,119,657 18,461,604 18,645,460 18,599,343 19,397,639 19,943,148 20,461,064 26,362,319 32,285,194 32,852,442 33,340,352 33,456,799 34,455,991 35,323,930 36,152,117 37,007,186 164,318,214
State income tax rate (frac) 0.0 0.05 0.05 0.05 0.05 0.05 0.05 0.05 0.05 0.05 0.05 0.05 0.05 0.05 0.05 0.05 0.05 0.05 0.05 0.05 0.05 0.05 0.05 0.05 0.05 0.05 0.05 0.05 0.05 0.05 0.05
State tax benefit (liability) ($) 0 -913,073 -684,751 -695,995 -706,365 -716,623 -726,943 -735,901 -733,217 -733,837 -761,502 -777,830 -793,159 -808,593 -824,444 -840,003 -848,368 -846,270 -882,593 -907,413 -930,978 -1,199,486 -1,468,976 -1,494,786 -1,516,986 -1,522,284 -1,567,748 -1,607,239 -1,644,921 -1,683,827 -7,476,479
PROJECT FEDERAL INCOME TAXES
EBITDA ($) 0 37,160,579 37,391,027 37,505,392 37,591,255 37,664,705 37,728,875 37,751,718 37,506,541 37,320,908 37,715,758 37,846,504 37,939,322 38,017,373 38,086,302 38,129,241 37,993,161 37,604,710 38,036,710 38,190,282 38,288,825 38,368,748 38,438,879 38,492,378 38,430,576 37,958,831 38,328,658 38,523,177 38,630,803 38,714,873 165,200,931
Interest earned on reserves ($) 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) ($) 0 -913,073 -684,751 -695,995 -706,365 -716,623 -726,943 -735,901 -733,217 -733,837 -761,502 -777,830 -793,159 -808,593 -824,444 -840,003 -848,368 -846,270 -882,593 -907,413 -930,978 -1,199,486 -1,468,976 -1,494,786 -1,516,986 -1,522,284 -1,567,748 -1,607,239 -1,644,921 -1,683,827 -7,476,479
State ITC total income ($) 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 ($) 0 11,720,433 11,596,355 11,463,593 11,321,537 11,169,537 11,006,897 10,832,872 10,646,666 10,447,425 10,234,237 10,006,126 9,762,047 9,500,883 9,221,437 8,922,431 8,602,493 8,260,160 7,893,864 7,501,927 7,082,554 6,633,825 6,153,686 5,639,936 5,090,224 4,502,032 3,872,667 3,199,246 2,478,686 1,707,687 882,717
Total federal tax depreciation ($) 0 5,372,604 10,745,207 10,745,207 10,745,207 10,745,207 10,745,207 10,745,207 10,745,207 10,745,207 10,745,207 10,745,207 10,745,207 10,745,207 10,745,207 10,745,207 10,745,207 10,745,207 10,745,207 10,745,207 10,745,207 5,372,604 0 0 0 0 0 0 0 0 0
equals:
Federal taxable income ($) 0 19,154,469 14,364,713 14,600,597 14,818,146 15,033,338 15,249,828 15,437,738 15,381,450 15,394,439 15,974,812 16,317,340 16,638,908 16,962,689 17,295,213 17,621,601 17,797,092 17,753,073 18,515,046 19,035,735 19,530,086 25,162,834 30,816,217 31,357,656 31,823,366 31,934,514 32,888,244 33,716,691 34,507,195 35,323,359 156,841,735
Federal income tax rate (frac) 0.0 0.21 0.21 0.21 0.21 0.21 0.21 0.21 0.21 0.21 0.21 0.21 0.21 0.21 0.21 0.21 0.21 0.21 0.21 0.21 0.21 0.21 0.21 0.21 0.21 0.21 0.21 0.21 0.21 0.21 0.21
Federal tax benefit (liability) ($) 0 -4,022,439 -3,016,590 -3,066,125 -3,111,811 -3,157,001 -3,202,464 -3,241,925 -3,230,105 -3,232,832 -3,354,710 -3,426,641 -3,494,171 -3,562,165 -3,631,995 -3,700,536 -3,737,389 -3,728,145 -3,888,160 -3,997,504 -4,101,318 -5,284,195 -6,471,406 -6,585,108 -6,682,907 -6,706,248 -6,906,531 -7,080,505 -7,246,511 -7,417,905 -32,936,764
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 ($) 0 75,848,522 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Federal ITC total income ($) 0 75,848,522 0 0 0 0 0 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 ($) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
DEBT REPAYMENT
Debt balance ($) 167,434,751 165,662,219 163,765,610 161,736,238 159,564,810 157,241,383 154,755,315 152,095,223 149,248,924 146,203,384 142,944,657 139,457,818 135,726,901 131,734,820 127,463,293 122,892,759 118,002,288 112,769,484 107,170,383 101,179,346 94,768,936 87,909,797 80,570,518 72,717,490 64,314,750 55,323,818 45,703,521 35,409,803 24,395,525 12,610,247 0
Debt interest payment ($) 0 11,720,433 11,596,355 11,463,593 11,321,537 11,169,537 11,006,897 10,832,872 10,646,666 10,447,425 10,234,237 10,006,126 9,762,047 9,500,883 9,221,437 8,922,431 8,602,493 8,260,160 7,893,864 7,501,927 7,082,554 6,633,825 6,153,686 5,639,936 5,090,224 4,502,032 3,872,667 3,199,246 2,478,686 1,707,687 882,717
Debt principal payment ($) 0 1,772,532 1,896,609 2,029,372 2,171,428 2,323,428 2,486,068 2,660,092 2,846,299 3,045,540 3,258,727 3,486,838 3,730,917 3,992,081 4,271,527 4,570,534 4,890,471 5,232,804 5,599,101 5,991,038 6,410,410 6,859,139 7,339,279 7,853,028 8,402,740 8,990,932 9,620,297 10,293,718 11,014,278 11,785,278 12,610,247
Debt total payment ($) 0 13,492,964 13,492,964 13,492,964 13,492,964 13,492,964 13,492,964 13,492,964 13,492,964 13,492,964 13,492,964 13,492,964 13,492,964 13,492,964 13,492,964 13,492,964 13,492,964 13,492,964 13,492,964 13,492,964 13,492,964 13,492,964 13,492,964 13,492,964 13,492,964 13,492,964 13,492,964 13,492,964 13,492,964 13,492,964 13,492,964
DSCR (DEBT FRACTION)
EBITDA ($) 0 37,160,579 37,391,027 37,505,392 37,591,255 37,664,705 37,728,875 37,751,718 37,506,541 37,320,908 37,715,758 37,846,504 37,939,322 38,017,373 38,086,302 38,129,241 37,993,161 37,604,710 38,036,710 38,190,282 38,288,825 38,368,748 38,438,879 38,492,378 38,430,576 37,958,831 38,328,658 38,523,177 38,630,803 38,714,873 165,200,931
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) ($) 0 37,160,579 37,391,027 37,505,392 37,591,255 37,664,705 37,728,875 37,751,718 37,506,541 37,320,908 37,715,758 37,846,504 37,939,322 38,017,373 38,086,302 38,129,241 37,993,161 37,604,710 38,036,710 38,190,282 38,288,825 38,368,748 38,438,879 38,492,378 38,430,576 37,958,831 38,328,658 38,523,177 38,630,803 38,714,873 165,200,931
Debt total payment ($) 0 13,492,964 13,492,964 13,492,964 13,492,964 13,492,964 13,492,964 13,492,964 13,492,964 13,492,964 13,492,964 13,492,964 13,492,964 13,492,964 13,492,964 13,492,964 13,492,964 13,492,964 13,492,964 13,492,964 13,492,964 13,492,964 13,492,964 13,492,964 13,492,964 13,492,964 13,492,964 13,492,964 13,492,964 13,492,964 13,492,964
DSCR (pre-tax) 0.0 2.75 2.77 2.78 2.79 2.79 2.80 2.80 2.78 2.77 2.80 2.80 2.81 2.82 2.82 2.83 2.82 2.79 2.82 2.83 2.84 2.84 2.85 2.85 2.85 2.81 2.84 2.86 2.86 2.87 12.24
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
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