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HomeMy WebLinkAboutCost of Power Analysis Black Bear Lake 1984BLA 022 PRELIMINllt Y DRAFT SUBJECT TO REVISION coRRECTION !CHANGE PROPERTY Of: Alaska Power AUi hnr 334 W. 5th Ave. Anchorage, Alaska Energy Program for Ar ..... ~-------11-_.. House Bill9 Cost of Power Analysis Black Bear Lake Alaska Power Authority 334 West 5th Avenue Anchorage, Alaska 99501 January 1984 Alaska Power Authority Hydro I Wood I Coal I Solar I Wind I Qeot hermat I Conservation ~ .... ~ . .. . : ........ t' •• BLA 022 Mft --10 PRELlllfN.tRY DR1lFT SUBJECT TO REVISION COim!::crr~:..:lCl!ANGE Black Bear Lake Hydroelectric Project Is located on Prince of Wales Island, approximately 50 air miles west of Ketchikan. The Project Is to provide the communities of Craig, Klawock, Hydaburg and Thorne Bay with hydro power that will displace the diesel generation In current use. The proposed project alternatives have a capacity of 3 to 6 MW and will provide for various community Interconnections. 1420/093 Page 1 BLACK BEAR LAKE ALTERNATIVES Craig -Klawock -Hydaburg -Thorne Bay 3 + 3 MW 1st Stage Craig -Klawock -Thorne Bay 3 + 3 MW 1st Stage Craig -Klawock -Hydaburg -Thorne Bay 6 MW Craig -Klawock -Hydaburg -Thorne Bay 3 MW only Craig -Klawock -Thorne Bay 3 MW only Operations & Maintenance 1420/093 Page 2 PULDIINARf DRJFT SUBJECT TO B.EVISION CORRECTION !CHANGE Construction Costs Inflated through January 1988 on-line date $50,429,000.00 44,191,000.00 57,951,000.00 47,734,000.00 41,495,000.00 $373,000.00 (1989) 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 PIELIMINJRY DB4Ff SUBJECT TO REVISION CORRECTION /CHANCE BLACK BEAR LAKE PROJECT SALEABLE ENERGY FORECAST (MWh)K 6MW C-K-H-TB 14763 16093 17575 19190 20007 20872 21100' 21100 21100 21100 21100 21100 21100 21100 21100 21100 21100 21100 21100 21100 21100 3MW C-K-H-TB 13986 15246 16650 18000 18000 18000 18000 18000 18000 18000 18000 18000 18000 18000 18000 18000 18000 18000 18000 18000 18000 3MW C-K-TB 11061 11952 12915 13941 14508 15084 15687 16308 16965 17658 18000 18000 18000 18000 18000 18000 18000 18000 18000 18000 18000 x Based on Scenario B Update of Power Market Forecast, May 1983. 1440/124 Page 3 ANALYSIS ASSUMPTIONS PllELDflNARY DRAFT SUBJECT TO REVISION COR..l{ECT!ON!CHA..VGE 1. Revenue Bonds -10.5% Coupon Rate and 35 year term 2. State Loans -·s% Interest and 35 year term 3. The principle repayment of revenue bonds commences two years after Initial commercial operation. 4. Repayment of State loans commences one year after initial commercial operation. 5. Operation and maintenance costs are project specific. 1430/020 Page 4 BLACK BEAR LAKE STAND ALONE PRELUIINilRY DRAFT SUBJECT TO REVISION CORRECTION/CHANGE (Total Rate Inclusive of Operations and Maintenance) C-K-H-TB I 6 MW Alternative 60% State Loan/40% State Grant 100% State Loan 1988 1990 1995 2000 2.4 14.8 13.0 14.0 ¢/Kwh 60% State Gran~/40% Revenue Bonds 1988 1990 1995 2000 22.7 19.9 17.3 18.3 ¢/Kwh 1988 1990 1995 2000 2.4 23.1 19.9 20.9 ¢/Kwh 60% State Loan/40% Revenue 1988 1990 1995 2000 27.0 33.9 28.9 29.9 ¢/Kwh C-K-H-TB I 3 + 3 MW 1st Stage 60% State Loan I 40% State Grant 1988 1990 1995 2000 2. 5 13. 8 13 0 5 14.7 ¢/Kwh 1988 1990 1995 2000 100% State Loan 2.5 21.3 20.6 21.7 ¢/Kwh 60% State Grant /40% Revenue Bond 60% State Loan/40% Revenue Bonds 1988 1990 1995 2000 21.2 18.6 18. 1 19.2 ¢/Kwh 1980 1990 1995 2000 19.9 28.9 27.6 28.7 C-K-H-TB I 3 MW Only 60% State Loan/ 40% State Grant 1988 1990 1995 2000 2. 5 13 . 1 12. 9 14. 1 1430/020 ¢/Kwh Page 5 100% State Loan 1988 1990 1995 2000 2. 5 20.3 19.6 20.7 ¢/Kwh ¢/Kwh 60% State Grant/40% Revenue Bonds 1988 1990 1995 2000 20.2 17.8 17.3 18.4 ¢/Kwh 1988 1990 1995 2000 PB.ELniiNARY DRAFT SUBJECT TO REVISION CORRECTION !CHANGE 60% State Loan/40% Revenue Bonds 19.8 27.4 26.1 27.2 ¢/Kwh C - K -TB/ 3 MW Only 60% State Loan/ 40% State Grant 1988 1990 1995 2000 3.2 15.0 12.7 12.7 ¢/Kwh 60% State Grant/40% Revenue Bonds 1988 1990 1995 2000 22.7 20.4 17.1 16.6 ¢/Kwh 100% State Loan 1988 '1990 1995 2000 3.2 22.9 19.0 18.4 ¢/Kwh 60% State Loan/40% Revenue Bonds 1988 1990 1995 2000 21.0 30.8 25.3 24.0 ¢/Kwh C - K -TB/ 3+3 MW 1st Stage 60% State Loan/ 40% State Grant 100% State Loan 1988 3.2 ¢/Kwh 1988 9.2 ¢/Kwh 1990 15. 8 1990 25.6 1995 13.4 1995 21.1 2000 13. 3 2000 20.3 60% State Grant/40% Revenue Bonds 100% State Loan/40% Revenue .Bonds 1988 24.2 ¢/Kwh 1988 22.2 ¢/Kwh 1990 21.7 1990 32.7 1995 18. 1 1995 26.8 2000 17.5 2000 25.4 1430/020 Page 6 25 20 15 i ~ a; !Z w (J 10 5 0 BLACK BEAR STAND ALONE 6mw Craig • Klawock • Hydaburg • Thorne Bay I' " ~ ......... ....__ ""' ...... ..... ~---- PRELIMI~ARY DRAFT SUBJECT TO REVISION CORRECTION /CHANGE ~00~ STATELP AN __ .. 1---....... -~-------~----1"'--60% pTATEGI~, ANT BONO ---40% ~EVENU~ ~ ..... ... .......... ----· ~--•• ·--!Ill-. ~--~---· ~----~ 89 90 91 92 93 94 95 96 FlSCAL YEAR Page 7 60% 400fo ~TATELp, AN ANT pTATEGF1 97 98 99 00 i ~ a; 1-z w 25 20 15 (.) 10 5 0 BLACK BEAR STAND ALONE 3 + 3 mw 1ST STAGE Craig -Klawock -Hydaburg -Thorne Bay "' ~ ...... ....... PREWIINARY DRAFT SUBJECT TO REVISION CORRECTION/CHANGE 100 ~STATE L - -- OAN ~· ~--', ----~-'"--600A STATE C A ANT EBOND ~ ...... -.. 89 90 -------400.-i AEVEN ~ ~---· ·----· ·--~--~----· ~~----· 91 92 93 94 95 96 FISCAL YEAR Page 8 60% STATEL 40% STATEC p AN ANT A 97 98 99 00 25 20 15 ~ ~ a; !z w 0 10 5 0 BLACK BEAR STAND ALONE ~ ... . ......... ~ ....... 3 + 3 mw 1st Stage Craig -Klawock -Thorne Bay ~ '"' ~ " ~"--, ~ ~ ~ ...... ... -~, ' --~-~--- ........ -· ""-- ........ -- PRELIMINARY DRAFT SUBJECT TO REVISION CORRECTION/CHANGE 10 : !----- 60 40 %STAT!: LOAN %STAT! GRANT UEBONI ~REVE~ -- ~STATE LOAN GRANT ~-----·--~--~ST~~ ~--;.. .. ~----· ·- 89 90 ' 91 92 93 94 95 96 FISCAL YEAR Page 9 97 98 99 00 ~ ~ a.; 1-z w 25 20 15 (.) 10 5 0 BLACK BEAR STAND ALONE 3mw Craig -Klawock -Hydaburg -Thorne Bay ~ ............._, PREWIINARY DRAFT SUBJECT TO REVISION CORRECTION/CHANGE 100%1: N TATELOAI .-------~ ....... ~-. ---~--60%5 ATEGR NT OND ~--... ·--~--.. -- ~--.. ·--·-------· ·-· --·---- 89 90 91 92 93 94 95 96 FISCAL YEAR Page 10 40%R --· ·--60%5 40%5 VENUES --· ATELO N NT ATEGR~I 97 98 99 00 25 20 I 15 ~ ~ .... I (J) ~ w 0 10 5 ! 0 BLACK BEAR STAND ALONE 3mw Craig -Klawock -Thorne Bay "' ~ ...... _ r----... ""'" ......... --.... ---........ .. _ r----... .... ......_ ..... ....... ~--'""-----~--..... lllllllllt ... ~--~ ...... , ------- PRELIMINARY DIUFT SUBJECT TO REVISION CORRECTION/CHANGE 100% --~-- "' ~~ 40%1 ~TATE LD AN - --........... ,.... -EVENU ANT BOND ~----~-· ~--~---· 89 90 91 92 93 94 95 FISCAL YEAR Page 11 96 97 98 60°.-b 400Jb ~TATE LC AN ANT pTATEG~ 99 00 (Total Swan Lake 1988 14.1 1990 12.6 1995 10.4 2000 10.2 PRELUIINiiRY DR.~FT SUBJECT TO REVISION CORRECTION !CHANGE HB-9 S~stem Wholesale Cost of Power W l thout Black Bear Lake Rate inclusive of Operations & Maintenance) ¢/Kwh Lake T~ee Solomon Gulch Terror Lake 17. 6 11. 1 l0.6 18.3 11.5 10.5 20.5 12.9 10.2 16.8 14.1 9.6 ANALYSIS ASSUMPTIONS 1. Revenue Bonds -10.5% Coupon Rate and 35 year term 2. State Loans -5% interest and 35 year term 3. The principle repayment of revenue bonds commences two years after Initial commercial operation. 4. Repayment of State loans commences one year after initial commercial operation. 5. Operation and maintenance costs are project specific. 1430/020 Page 12 25 20 15 5 0 PRELIMINARY DRAFT SUBJECT TO REVISION CORRECTION !CHANG~ BLACK BEAR IN HB-9 SYSTEM 6mw Craig -Klawock -Hydaburg -Thorne Bay ' ' ~' ' -,~ ~ --'~ ...... _ 60 !Yo STATE ,, ~ ----,.._ "' ---40 GRANT UEBOND Vo REVE~ I l 1 I I ' I i I 89 90 ....... .... .. __ ----· -- I I l I -----. 10( ----- 60 40 ~---- %STA.!, --ro STATE "'o STATE LOAN LOAN GRANT 91 92 93 94 95 96 97 98 99 00 FISCAL YEAR Page 13 25 20 15 5 0 BLACK BEAR IN HB-9 SYSTEM 3 + 3 mw 1ST STAGE Craig -Klawock -Hydaburg -Thorne Bay ~ ..... -----"""-- PRELDIINARY DRAFT SUBJECT TO REVISION CORRECTION !CHANGE 60'l oSTATE 3 RANT UEBOND 40~ tt REVEl' ~ ~ 1---~-----!-----., 89 90 ,..._ --~--~--"--· ~----· ~-- --- 100 --· 60 40 %STATE LOAN ---· fi, STATE L OAN GRANT fi, STATE ! ! 91 92 93 94 95 96 97 98 99 00 FISCAL YEAR Page 14 i :::.::: ..... rn 1-z w 25 20 15 0 10 5 0 BLACK BEAR IN HB-9 SYSTEM 3 + 3 mw 1ST STAGE Craig -Klawock -Thorne Bay ~', ~ " ' ~ ........ ""-' --, ....... ~ ~ ........ ,41 ~ ------~---............... --.. ~ ..... ,, ~--~ ~-· ~ -- 1000A STATE l PRELUIINJRY DRHT SUBJECT TO REVISION CORRECTION /CHANGE 60%S ~ ...... 40%R ... .... r--- ~-.. ~--~AN 60%S 40%S ATEGR~ NT BOND FVENUE -- ~---· ATE LOp. N NT ATEGF~ 89 90 91 92 93 94 95 96 97 98 99 00 FISCAL YEAR Page 15 25 20 15 ~ ~ ...... rn !Z w (J 10 5 0 BLACK BEAR IN HB-9 SYSTEM 3mw Craig -Klawock -Hydaburg -Thorne Bay "" -, "'' PRELUIINAiiY Dlt\FT SUBJECT TO REVISION CORBECTION !CHANGE 60 40 Vo STATE GRANT UEBOND ~ ' ----""-.. ~REVE ~~ ~ ------~--~, "'"--~---~ --.. ----·-· ~-- ' ! I ! ! i ! I I I I l l 10 --· ·----· 60 40 --P%ST~~ LOAN ----~STATE i¥o STATE ! I ' LOAN GRANT 89 90 91 92 93 94 95 96 97 98 99 00 FISCAL YEAR Page 16 25 20 15 5 0 ~ ~ ... ~ PRELIMINARY DRAFT SUBJECT TO REVISION CORRECTION/CHANGE BLACK BEAR IN HB-9 SYSTEM 3mw Craig -Klawock -Thorne Bay ' ' ~ -..... ~ ', --........ , .. ~ ..... -....._ ........ "'IIII __ .,.. __ lllii ! ' ! ' I I I : I \ I ........ ............. ................ ,. ... ~ I.... .... --· - I 60° ~STATE 40~ p REVEr-----100 Pfo STAT_!; ·----· SOil 1b STATE 40~ ~STATE 131 u RANT EBOND LOAN OAN RANT ~ 89 90 91 92 93 94 95 96 97 98 99 00 FISCAL YEAR Page 17 PRELDIINJRY DRAFT SUBJECT TO REVISION COBBECTION/CHANGE BLACK BEAR STANO ALONE VS IN HB-9 SYSTEM For all project alternatives the financing scenarios producing the least to greatest cost of power (¢/kWh): . Stand A 1 one 1. 2. 3 • 60% State Loan 40% State Grant 60% State Grant 40% Revenue Bonds 100% State Loan In HB - 9 System 1. 60% State Loan 40% State Grant 2. 100% State Loan 3. 60% State Grant 40% Revenue Bonds BLACK BEAR STANO ALONE Project Configuration/ Least Cost Finance Option 6MW C-K-H -TB 3 + 3MW 1st Stage C-K-H-TB 3 + 3MW 1st Stage C-K-TB 3MW Only C-K-TB 3MW Only C-K-H-TB BLACK BEAR 6MW C-K-H-TB 3 + 3MW 1st Stage C-K-H-TB 3 + 3MW 1st Stage C-K-TB 3MW Only C-K-TB 3MW Only C-K-H-TB IN Equivalent FY 1989 January 1984 Rate ¢/kWh Rate ¢/kWh 16.0 14.9 16.9 16.0 14.2 HB-9 SYSTEM 20.4 19.1 21.7 20.7 18.3 13.7 12.7 14.4 13.7 12. 1 17.4 16.3 18.6 17.7 15.6 1440/124 Page 18 PBErnlt"VARY DRAFT SUBJECT TO REVISION COB.B.ECTION/CHANGE Black Bear Effect on HB -9 System There l s a six percent or 1 ess rate change for Swan Lake, Lake Tyee, and Terror Lake under all project alternatives and financing scenarios. [Due to the higher cost of power under the 60 percent State Loan/ 40 percent Revenue Bond case, this financing scenario was deleted]. 6 MW Alternative, 3 MW (C-K-TB) Alternative - (60% State Loan/40% State Grant and 60% State Grant/40%·Revenue Bond financing scenarios) Solomon Gulch expertences a 13 -16% rate decrease. 0 0 In comparison to the baste 4 Projects in the HB-9 system, the smaller size of the Black Bear Project alternatives in terms of cost and energy sales has a decreasing effect on the power rates of the 4 Dam Pool. Under the HB-9 shortfall reallocation process Black Bear Lake Project relteves other projects below the "cap" of a proportionate share of debt service. 1440/124 Page 19 .PA Finance ~odel 01/03/84 16.16 'ase: BLACtCBEARISYSmt C-K-H-TB 6I'IW 60 LOM 40 GRANT ppJJ~ !!~~~~: ~ ~rcr DiLU,T i.!iU·: 1 .i.'"' •'· :• l ..,;. ....... lol-,-~ SUBJECT TO REVISION TABLE 0.3 COBBECTION!CH.ANCE aJ!FMistW IF PRU:CTS' ESTIMATED TOTAL AtffJAL COSTS c AtftiAl COSTS INl.UIE oun (c/kWh) SYstn SYSttll Cu AftrUt Fiscal Dtbt Salts Rate II Rate Yetr Service (ltll} (cfi(Wb) (c./KWh) SWAN LAKE LAKE TYEE Sll.1.'.lm G lERR(R LA lll.ACK SEA 1984 3.326 26.115 13.2 12.7 15.0 17.2 14.0 o.o o.o 1985 17.982 151,008 12.9 11.9 14.7 17.1 u.s 13.9 0.0 1986 23.368 218.197 12.0 10.7 13.9 16.6 9.8 11.6 0.0 1987 23.369 223.981 12.1 10.4 14.0 17.0 9.8 11.1 o.o 1988 23,368 236.459 11.9 9.9 13.3 16.9 9.3 10.0 21.6 1989 25.366 249.578 12.6 10.2 12.9 18.0 9.1 10.2 20.4 1990 25.366 255.571 12.7 9.9 12.2 18.4 9.9 10.1 18.7 1991 25.366 261.802 12.8 9.1 11.6 18.7 10.1 10.1 17.2 1992 25,367 267.344 12.9 9,5 11.0 19.1 10.3 10.0 16.6 1993 25.366 273.046 13.0 9.3 10.5 19.5 10.6 10.0 16.0 1994 25.366 278.223 13.1 9.1 10.1 19.9 10.8 10.0 15.9 1995 25.366 T/9.956 13.4 9.1 10.1 20.5 11.1 9.9 16.0 1996 25.366 283.864 13.6 8.9 10.1 20.2 11.3 9.8 15.8 1997 25.366 288.280 13.7 8.8 10.0 19.9 . 11.4 9.6 15.5 1998 25.366 293.269 13.8 8.6 9.9 1'9.6· 11.6 9.4 15.3 1999 25.366 298.908 13.9 8.% 9.9 18.4 11.9 9.3 15.2 2000 25.366 305.280 14.0 8.3 10.1 16.6 12.3 9.5 15.5 2001 25.367 312.479 14.0 8.1 10.3 15.0 12.8 9.6 15.7 2002 25.366 320.615 13.9 1.9 10.6 13.6 13.2 9.7 15.9 2003 25.367 329.809 13.8 7.7 10.8 12.3 13.7 9.8 16.2 t Page 20 HPA Finance "odel 01103/84 10.18 ase: BLACKBEAR/SVS1'Eft C-K-tf-TB 61111 1001 STATE LaM PBE!JHL~ARY DRAFT TABLE 0.3 SUBJECT TO REVISION aiFARistW (F PR0£TS' ESTIMATED TOTIL AtftJPL COSTS ~O~ONJCHANGE <Ati«R. COSTS It«:l..IE oun . (c/kWhJ SYsta Svsta CaP AYtrue Fiscal Debt Sales Rate DS Rate Ytv Servict (!llh) (c/kWtiJ (c/kWtiJ SWAN I.AICE I.AICE TYEE SQ..(liiW G TERR(R LA BLACK SEA 1984 3.326 24.956 13.9 13.3 15.6 17.7 14.8 o.o o.o 1985 17.982 146.008 13.3 12.3 15.1 17.5 12.2 14.3 0.0 1986 23.368 213.197 12.3 11.0 14.2 16.9 11.1 11.5 o.o 1987 23.369 218.981 12.4 10.7 14.2 17.2 11.1 11.0 0.0 1988 23.368 231.459 12.1 10.1 13.3 17.2 10.6 9.9 21.5 1989 26.699 244.578 13.5 10.9 13.4 19.0 11.4 10.7 21.4 1990 26.699 250.571 13.6 10.7 12.7 19.4 11.6 10.6 19.7 1991 26.698 256.802 13.7 10.4 12.1 19.7 11.9 10.6 18.1 1992 26.698 262.344 13.8 i0.2 11.5 20.1 12.1 10.5 17.4 1993 26.698 268.046 13.9 10.0 11.0 20.5 12.4 10.5 16.8 1994 26.699 273.223 14.1 9.8 10.5 20.9 12.7 10.5 16.7 1995 26.699 274.956 14.4 9.7 10.5 21.5 13.0 10.4 16.7 1996 26.698 278.864 14.6 9.6 10.5 21.2 13.2 10.2 16.5 1997 26.699 283.280 14.7 9.4 10.4 20.9 13.4 10.0 16.3 1998 26.699 288.269 14.8 9.3 10.3 20.6 13.6 9.8 15.9 1999 26.698 293.908 14.9 9.1 10.3 19.2 13.9 9.8 15.9 2000 26.698 300.280 14.9 8.9 10.5 17.3 14.4 9.9 16.2 2001 26.699 'JIJ7.479 14.9 8.7 10.7 15.6 14.9 10.0 16.4 2002 26.699 315.615 14.9 8.5 11.0 14.1 15.4 10.1 16.6 2003 26.699 324.809 14.8 8.2 11.2 12.7 16.0 10•3 16.9 Page 21 APA Finance "ode! Q1/03/84 10.51 ase: BLACKBEAR/SYSTEK C-K-H-TB 6111 60% State Grant/40% Revenue Bond PRELUltlAilY DR1lFT TAll£ 0.3 SUBJECT TO REVISION ctJFARID fE PRn.ECTS' ESTIMATED TOTAL AtiiJAl COSTS COBB.ECTION/CHANGE. cAtftiAL COSTS Itn.I.IEE ovn (c/kWh) SYstn Svste1 CaP Avtrllt Fiscal Debt Salts Ratt OS Rate Vor Service (~h) Cc/kllh) · Cc/kllh) SWAN LAKE LAKE TYEE SO..CQ G TERROR LA BlJ(K BEA 1984 3.326 26.115 13.2 12.7 15.0 17.2 14.0 o.o o.o 1985 17.982 151.008 12.9 11.9 14.7 17.1 11.8 13.9 o.o 1986 23.368 218.1'71 12.0 10.7 13.9 16.6 9.8 11.6 0.0 1987 23.369 223.981 12.1 10.4 14.0 17.0 9.8 11.1 o.o 1988 24.964 236.459 12.7 10.6 13.9 17.7 9.7 10.5 25.2 1989 26.560 249.578 13.2 10.6 13.0 18.4 9.8 10.3 22.9 1990 26.661 255.571 13.4 10.4 12.4 18.8 10.0 10.3 21.2 1991 26.660 261,802 13.4 10.2 11.8 19.2 10.2 10.3 19.4 1992 26.661 267.344 13.6 10.0 11.2 19.6 10.4 10.2 18.7 1993 26.660 273.046 13.7 9.8 10.7 20.0 10.7 10.2 18.0 1994 26.660 278.223 13.8 9.6 10.2 20.4 11.0 10.1 . 17.9 1995 26.660 279.956 14.1 9.5 10.3 21.0 11.2 10.1 18.0 1996 26.661 283.864 14.3 9.4 10.2 20.1 11.4 9.9 17.7 1m 26.661 288.280 14.4 9.2 10.1 20.4 11.6 9.8 17.4 1998 26.660 293.269 14.5 9.1 10.0 20.0 11.7 9.6 17.1 1999 26.661 298.908 14.6 8.9 10.1 18.7 12.0 9.5 17.1 2000 26.660 305.280 14.7 8.7 10.3 16.9 12.4 9.6 17.3 2001 26.660 312.479 14.7 8.5 10.5 15.2 12.9 9.8 17.5 2002 26.661 320.615 14.6 8.3 1<1. 7 13.7 13.4 9.9 17.7 2003 26.661 329.809 14.6 8.1 11.0 12.4 13.9 10.0 18.0 Page 22 APA Finance ~odel (,)1/03/84 16.13 .ase: BLACKBEAR/SYSTEJII C-K-H-TB 3+3 til 1ST STAlE 60 LOAN 40 GRANT PRELL~JRY DRAFT SUBJECT TO REVISION TAll£ 0.3 ~ON/CHANGE ctJPARI&W OF Pln£CTS' ESTUIATED TOTAL Aa'NIAl. COSTS fArf«A. COSTS It«:lUUE OIIU Cc/kWh) SYsta SYsta CaP Avtraft Fiscal Debt Salts Rate DS Ratt Year Service (l'llfl) Cc/IGih) Cc/KWh) SWAN LAKE LAKE TYEE 5a.OI'IJN G TERROR LA lUCK BEA 1984 3.326 24.865 13.9 13.4 15.7 17.8 14.9 o.o 0.0 1985 17.982 146.008 13.3 12.3 15.1 . 17.5 12.2 14.3 0.0 1986 23.368 213.197 12.3 u.o 14.2 16.9 11.1 11.5 o.o 1987 23.369 218.981 12.4 10.7 14.2 17.2 11.1 11.0 o.o 1988 23.368 231.070 12.1 10.1 13.4 17.2 10.7 10.0 20.3 1989 25.091 243.731 12.8 10.3 12.9 18.2 11.0 10.2 19.1 1990 25.091 249.646 12.9 10.1 12.2 18.5 11.3 10.1 17.5 1991 25.091 255.612 13.0 9.8 11.6 18.9 u.s 10.1 '16.3 1992 25.091 260.337 13.1 9.6 11.0 19.3 11.8 10.1 16.4 1993 25.091 265.174 13.2 9.5 10.5 19.7 12.1 10.0 16.5 1994 25.091 270.123 13.4 9.3 10.1 20.1 12.4 10.0 16.6 1995 25.091 271t~ 13.7 9.2 10.1 20.7 12.7 9.9 16.7 1996 25.091 275.764 13.8 9.1 10.0 20.4 12.8 9.8 16.5 1997 25.091 280.180 14.0 9.0 10.0 20.1 13.0 9.6 16.3 1998 25.091 285.169 14.1 8.8 9.9 1'9.8· 13.2 9.4 16.0 1999 25.091 290.808 14.1 8.6 9.9 18.4 13.6 9.4 16.1 2000 25.091 297.180 14.2 8.4 10.1 16.6 14.0 9.5 16.3 2001 25.091 304.379 14.2 8.2 10.3 15.0 14.5 9.6 16.6 2002 25.091 312.515 14.1 8.0 10.6 13.6 15.1 9.7 16.9 2003 25.091 321.709 14.0 7.8 10.8 12.3 15.6 9.8 17.2 Page 23 HPA Finaace ~del 01/03/84 10.16 P~VARY DRAFT .ase: BI.ACKBEAR/SYSTEM C-K-H-lB 3+3 I1W 1ST STAlE 100% STATE LOAN SUBJECT TO REV151CiN TAII.E D.3 P01fBl!l:110N!CBANQE, C(JI)MISCft fF PR0£1'S' ESTII'IATED TOTtt. AtftJt1. COSTS ( AtNJAI.. COSTS ltll.U[£ Ofll) Cc/kWh) Srstea Srstea Cut Averue Fiscal Debt Sales Rate DB Rate Ytt.r Service (tilt) (c/KWII) Cc/KWb) SWAN LJ«E LJ«E TVEE ~G lERR(R LA BLACK BEA 1984 3.326 24.956 13.9 13.3 15.6 17.7 14.8 0.0 0.0 1985 17.982 146.008 13.3 12.3 15.1 17.5 12.2 14.3 0.0 1986 23.368 213.197. 12.3 11.0 14.2 16.9 11.1 u.s 0.0 1987 23.369 218.981 12.4 10.7 14.2 17.2 11.1 11.0 o.o 1988 23.368 231.070 12.1 10.1 13.4 17.2 10.7 10.0 20.3 1989 26.239 243.731 13.3 10.8 13.4 18.8 11.4 10.7 19.9 1990 26.239 249,646 13.5 10.5 12.7 19.2 11.6 10.6 18.3 1991 26.239 Z55.612 13.6 10.3 12.1 19.5 11.9 10.6 17.1 1992 26,239 260.337 13.7 10.1 u.s 19.9 12.1 10.5 17.1 1993 26,239 265.174 13.9 9.9 11.0 20.4 12.4 10.5 17.2 1994 26,239 270.123 14.0 9.7 10.5 20.8 12 .• 7 10.4 17.3 1995 26.239 271.856 14.3 9.7 10.5 21.4 13.0 10.4 17.4 1996 26.239 275.764 14.5 9.5 10.4 21.1 13.2 10.2 17.2 1997 26.239 28(), 180 14.6 9.4 10.3 20.8 13.4 10.0 17.0 1998 26.240 285.169 14.7 9.2 10.2 20.5 13.5 9.8 16.7 1999 26.239 290.808 14.8 9.0 10.3 19.1 13.9 9.7 16.7 2000 26.239 297.180 14.8 8.8 10.5 17.2 14.3 9.9 '16.9 2001 26.239 304.379 14.8 8.6 10.7 15.5 14.8 10.0 17.2 2002 26.239 312.515 14.8 8.4 10.9 14.0 15.4 10.1 17.5 2003 26.239 321,709 14.7 8.2 11.1 12.7 15.9 10.2 17.8 Page 24 a Finance Model O!t0:3i84 10.4~ Ca.s.~~ BLACKBEAR/SYS:£!1 C-K-H-TB 3+3 MW 1ST ~:TAGE 60% Grant/40% Revenue Bond S·tstem " .. " Fiscal Debt Yeu Service ---- 1984 3,326 1985 17,r?32 1?8.~ 23 •. 368 1'?87 23.369 1988 24,759 1989 26,151 1990 26.238 1991 26.238 t·~·' .· ..... 26.238 1''"?3 26,238 1994 26,233 1995 ·"!L ·"!':10 ._,_,, i..·-''·' !'?96 26,238 1997 26,238 1993 26.238 1'?99 26.23B 20(10 26,238 2001 26,238 2002 26.238 2003 26,239 TABLE 0.3 COMPARISON OF PR~JECTS' ESTIMATED TOTAL ANNUAL COSTS (ANNUAL COSTS INCLUDE O&l'll < c/l:Wh l SYstem CaP Avtl'a!e Sales Rate OS Rate O'IWhl (c/KWhl (c/KWhl SWAN LAKE LAKE TYEE SOLOMON (; -------------- 24,865 1':1 () ....... , 13.4 15.7 17.8 14.9 146,008 13.3 12.3 15.1 17.5 1, ~· ;.;..., •"H-) 1~~; ..:,.,1._,; _. •. I 12.3 11.0 14.2 !,~. 9 11 .• 1 218.'?81 12.4 10.7 14.2 17.2 11.1 231,070 12.9 10.7 13.9 17.9 11.0 243,731 13.3 10.7 13.0 18.5 11.1 249,646 13.5 10.5 12.4 18.9 11.4 255.612 13.5 10.3 11.8 19.3 11.6 260.337 13.7 10.1 11.2 19.7 11.9 26.'5, 174 13.9 9.9 10.7 20.1 p? ..... 270.123 14.0 9.7 10.2 20.6 12.5 271.356 14.3 9.7 10.2 21.1 12.8 275.764 14.5 9.5 10.2 20.8 13.0 280.180 14.6 9.4 10.1 20.5 13.1 2B5. 169 14.7 9.2 10.0 20.2 13.3 290,808 14.8 9.0 10.1 18.7 13.7 297.180 14.:3 8.8 10.3 16.8 14.2 31)4,379 14.8 3.6 10.5 15.2 14.7 312,515 14.8 8.4 10.7 13.7 15.2 321,709 14.7 0 ") , ....... 10.9 12.4 13.8 Page 25 PRELiJHNARY DRAFT SUBJECT TO REVISION J•.OVECTION/CHANGE TERROR LA BLACK BtA ---- 0.0 0.0 14.3 0.0 11.5 0.0 11.0 0.0 10.5 23.5 10.3 21.4 10.3 19.8 10.3 13.4 10.2 18.4 10.2 18.5 10.1 18.6 10.1 18.7 9.9 u~.s 9.7 18.2 9.5 17 .-. ',o 9.5 17.9 9.6 18.2 9.7 1:3.4 9.9 18.7 10.0 1q.o !~ Finance Ml)dfl )1/03/84 U-.24 T .... ,. ::; !: BLAf:KBEAR/SVSTEM C-K-TB 3+3MW 1ST STAGE 60% Loan/40% Grant TABLE 0.3 COMPARISON OF PROJECTS/ ESTIMATED TOTAL ANNUAL COSTS t ANNUAL COSTS INCLUDE Ofilt l (c/kWbl Ave rase OS Rate PluaoovABY DRAFT SUBJECT TO REVISION COB.B.ECTIONiCHANGE Fiscal Y·~~r Svstem Debt Service SYSteta Sales (l'fWh} Ci.P Rate (c/KWhl ( c /KWh} SWAN LAKE LAJf..E TYEE SOLOMON G TERROR LA B'1..ACK BEA 1'?87 19f:?, 1'?8'? 1'~90 1991 !992 19'?3 1'?99 2000 2001 2!)02 200:3 23.368 23,369 23.368 24.362 24,862 24,:362 24,862 24,863 24,:363 24.863 2-4,862 24,862 24.:363 211,862 24,8.~ 24,956 146, (11,)8 213, 1'77 218.981 229.607 24(1,437 245,911 251.~"3 256.345 z.~7.sw 270,164 274.729 279,S3S 285.169 290.808 297,!80 304,379 312l515 32! l 709 13.9 13.3 12.3 12.4 12.2. 12.8 12.9 13.0 13.2 13.2 13.4 13,/" 13.3 13.9 13.9 14.0 14.1 14.0 14.0 13.9 13.3 12.3 11.0 10.7 10.2 10.3 10.1 9.9 9.7 9.5 ·t.2 9.1 8.9 8.7 S.5 8.4 8.2 s.o 7.7 15.6 15.1 14.2 14.2 13.4 12.9 12.2 11.6 11.1 10.6 10.1 10.1 10.1 10.0 '1, 9 9.9 10.1 10.3 10.6 10.8 Page 26 17.7 17.5 16.9 17.2 17.3 18.2 18.6 18.9 19.3 19.7 20.1 20.6 20.3 20.0 1~.6 18.4 16.6 15.0 13.6 1 ") .-. ..... .J 14.8 j") '") ......... 11.1 11.1 10.7 11.1 11.3 11.5 11.3 12.1 12.4 12.7 12.9 13.1 13.2 13.6 14.0 14.5 15.1 15.6 0.0 11.0 10.1 10.2 10.2 10.1 !0.1 10.0 10.0 10.0 9.8 9.6 9.4 9.4 9.5 9.6 9.7 0.0 0.0 0.0 0.(! 23.0 21.7 20.2 18:? 13.3 16.9 17.1 16.t· 15.:3 15.0 !4.5 14.6 14.3 15.1 APA Finance Model 'Ql/03/84 16.08 P'lE1 f'P"; a y DRA~~T :ase: BLACKBEAR/SYSTEPt C-K-TB 3+3f1W 1ST STA(E 1001 STATE LOAN li1 '•.t.i .ri:i1 ~ J.:~ SUBJECT TO REVISION CORRECTION !CHANGE TAa.E D.3 COtFARISU. IF Pfn.ECTS' ESTIMTED TOTAL AtftJAL COSTS (Atf«JAL COSTS INCI..l.IIE 0&11) (c/kWh) Svstn Svste• CaP Ave rue Fiscal Debt Sales Rate DS Rate Year Service U1Wh l (c/lCWh) (c/KWh) SWAN LAKE LAKE TYEE ~G 1'ERR(R LA BLACK BEA 1984 3.326 24,956 13.9 13.3 15.6 17.7 14.8 0.0 o.o 1985 17.982 146.008 13.3 12.3 15.1 17.5 12.2 14.3 0.0 1986 23,368 213.197 12;3 11.0 14.2 16.9 11.1 11.5 ·o.o 1987 23.548 218.981 12.5 10.8 14.3 17.3 11.1 11.1 0.0 1988 23.725 229.607 12.4 10.3 13.6 17.5 10.8 10.2 23.6 1989 26.051 240.437 13.4 10.8 13.4 18.9 11.4 10.7 23.0 1990 26.062 245.911 13.6 10.6 12.7 19.2 11.6 10.6 21.4 1991 26.062 251.553 13.7 10.4 12.1 19.6 11.9 10.6 19.9 1992 26.061 256.845 13.8 10.1 11.5 20.0 12.1 10.5 19.3 1993 26.062 262.978 13.9 9.9 11.0 20.3 12.4 10.5 17.8 1994 26.062 267.810 14.0 9.7 10.5 20.8 12.7 10.4 18.1 1995 26.062 270.164 14.3 9.6 10.5 21.3 13.0 10.4 17.5 1996 26.062 274.m 14.4 9.5 10.4 21.0 13.2 10.2 16.7 1997 26.062 279.838 14.5 9.3 10.4 20.7 13.4 10.0 15.8 1998 26.062 285.169 14.6 9.1 10.3 3).3 13.5 9.8 15.3 1999 26.062 290.808 14.7 9.0 10.3 19.1 13.9 9.7 15.3 2000 26.061 297.180 14.7 8.8 10.5 17.2 14.3 9.9 15.5 2001 26.062 304.379 14.7 8.6 10.7 15.5 14.8 10.0 15.8 2002 26.061 312.515 14.7 8.3 10.9 14.0 15.4 10.1 16.1 2003 26.062 321.709 14.6 8.1 11.1 12.7 16.0 10.2 16.4 Page 27 ··-··---..... - APA Finance "odfl PRELHIIN1RY DRAFT """ 11/03/84 16.06 ;u,: a.AOOIEAR/SYSTElt C-«-TB 3+3111 1ST ST& 60 GRNT 40 BOC SUBJECT TO REVISION COlUlECTlON/CHAJ.VGE TAII.E 0.3 COPARID IF PROJ:CTS' ESTIMTED TOTfC.. AtNJfC.. COSTS CAtiiR. COSTS n«li.IE oun (c/kWbJ SVste SVst• CUt AvtrUt· Fiscal Debt SlitS Ratt DS Rite Ytt.t Strvict UllhJ (c/KNhJ Cc/kiiiJ SlrtN LAkE LAkE TYEE Sil.fiOf G fERR(R LA ai4X SEA 1984 3.326 24.956 13.9 13.3 15.6 17.7 14.8 o.o o.o 1985 17,982 146.008 13.3 12.3 15.1 17.S 12.2 14.3 o.o 19&6 23.368 213.197 12.3 11.0 14•2 16.9 11.1 u.s 0.0 1987 23.369 218.981 12.4 10.7 14.2 17.2 11.1 u.o o.o 1988 24-.607 229.607 12.9 10.7 13.9 17.9 u.o . 10.5 26.5 1989 25.846 240,4'1'/ 13.3 10.7 13.0 18.6 11.1 10.3 24.4 1990 25.924 2~.911 13.5 10.5 12.4 19.0 11.4:-. 10.3 22.8 1991 25.924 251.5'53 13.6 10.3 11.8 19.3 11.6 10.3 21.2 1-992 25.924 256.845 13.7 10.1 11.2 19.7 11.9 10.2 20 •. 5 1993 25.924 262.978 13.8 9.9 10.7 20.1 12.2 10.2 19.0 1994 25.924 267.810 13.9 9.7 10.2 20.5 12.5 10.2 19.2 1995 25.924 270.164 14.2 9.6. 10.3 21.1 ~ 12.8 10.1. 18.6 1996 25.924 274.72!1 14.3 9.4 10.2 20.7 13.0 9.9 17.7 1997 25.924 279.838 14.5 9.3 10.1 20.4 13.2. . 9.8 16.T 1998 25.924 285.169 14.5 9.1 10.0 J).o· 13.4 9.6 16.2 1999 25,924 290.808 14.6 8.9 10.1 18.7 13.7 9.5 16.2 2000 25.92S 297.180 14.7 8.7 . 10.3 16.9 . 14.2 9.6 '16.5 2001 25.924 304.119 14.6 8.5 10.5 15.2 14.7 9.7 16.7 2002 25.924 312.515 14.6 8.3 10.7 13.7 15.2 9.9 17.0 2003 25.924 321.709 14.5 8.1 10.9 12.4 15.8 10.0 17.3 Page 28 APA Finance "ode1 nu ,.i:rT 01103/84 !0.20 n"'l ..... -_, .. .,_, ~ ~v 1r ;2~ li~;.;~~~~l ;i;~ lL Ei.~ J. :Ue: BI..ACK BE'M/SYSTel C-K-H-TB 3 1'1' OM.Y 100% STATE l.OI1f .::: 'ECT TO REVISION ~ ...,-.-~r-zr:~:; 1 ""1l.f. ... NGE \..,.'-.;.;:,_'O...:.::.v..L-v .. 1 '-' TAU D.3 aJftARIQ <F PR0£TS' ESTIPIATED TOTIL AttiJAL COSTS (Ati'Ol. COSTS IfO.UIE OMl (c/kllhl SYstea SYstH CaP Avt..Ut Fiscal Debt Sa.Jts Ratt DS R&tt Ytv Sei'Yice (fl'h) Cc/KWhl (c/Kifh} SUI* LAKE LAKE TYEE S(l(JU G 1ERR(R LA Jl.AOC SEA 1984 3,326 24,956 13.9 13.3 15.6 17.7 14.8 o.o o.o 1995 17.982 146.008 13.3 12.3 15.1 17.5 12.2 14.3 o.o 1986 23.368 213.197 12.3 11.0 14.2 16.9 u.1 11.5 0.0 1987 23.369 218.981 12.4 10.7 14.2 17.2 11.1 11.0 o.o 1988 23.368 231t070 12.1 10.1 13.4 17.2 10.7 10.1 19.3 1989 26.075 2~.731 13.3 10.7 13.4 18.7 11.4 10.7 19.0 1990 26.075 249.046 13.4 10.4 12.7 19.1 11.6 10.6 17.5 1991 26.075 255.612 13.5 10.2 12.1 19.4 11.9 10.6 16.3 1992 26,074 260.337 13.6 10.0 11.5 19.8 12.1 10.5 16.3 1993 26.075 ~.174 13.8 9.8 11.0 20.3 12.4 10.5 16.4 1994 26.074 ZTO, 123 13.9 9.7 10.5 20.7 12.7 10.4 16.5 1995 26.074 271.856 14.2 9.6 10.5 21.3 13.0 10.4 16.6 1996 26.075 275.764 14.4 9.5 10.4 21.0 J3.2 10.2 16.5 1997 26.075 280.1EM) 14.5 9.3 10.3 20.7 13.4 10.0 16.2 1998 26.074 2l.169 14~6 9.1 10.2 10.4 13.5 9.8 16.0 1999 26.074 290.808 14.7 9.0 10.3 19.1 13.9 9.7 16.0 2000 26.075 m.1so 14.7 8.8 10.5 17.2 14.3 9.8 16.2 2001 26.074 304,m 14.7 8.6 10.7 15.5 14.8 9.9 16.5 2002 26.075 312.515 14.7 8.3 10.9 14.0 15.4 ·10.1 16.8 2003 26.075 321.709 14.6 8.1 11.1 12.7 15.'9 10.2 17.1 Page 29 ~~ F i 'lar~c-e t1od~ i 01/03/84 16. l'? C:-~,.~: BLACKBEAR/S'iSTEM C-K-H-TB 3MW 60 LOAN 40 GRANT Svstem Fiscal Debt Yeu· Ser-vice ------- 1934 ') ..,,, . .;, •• ;:,u,..._, !9:5'5 17' 'i:32 1·ts.s 23,3~~8 1987 23.369 1'?88 23,363 11?89 241?92 1990 24,992 1991 24.992 1992 24,992 1'?93 24.992 1994 24-:t992 1'?95 24,9'12 1996 24,992 t·n; 24,992 1'i98 24,992 1'?9''1 24.993 2000 24.992 20!)! 24,992 2002 24,9n 2003 241192 TABLE D.3 COMPARISON OF PROJECTS' ESTIMATED TOTAL ANNUAL COSTS (ANNUAL COSTS INCLUDE O&tl l (c/kWhl Svstttrl (;ap Ave rue Sales Ra.te OS Rate IMWhl lc/KWhl (c/KWhl SWANLAKE LAKE TYEE SOLOMON G -- 26,115 13.2 12.7 15.0 17.2 !4.0 151,008 1'' q -· .. 11.9 14.7 17.1 11 Q .i.•V 218.197 12.0 10.7 r' Q ...,, ' 16.6 Q •::0 f • •.J 223.981 12.1 10.4 14.0 17.0 ·?.8 2"36.070 11.9 '1.9 1:3.4 17.0 '1.4 248.731 12.5 10.0 12.9 17.9 9.7 ~'54,646 12.6 9.8 12.3 18.2 9.9 260.612 12.7 9.6 11.6 13.6 10.1 265,137 12.8 9.4 11.1 19.0 10.4 270.174 13.0 9.3 10.6 19.4 10.6 27S. 123 13.1 9.1 10.1 19.8 10.9 276,356 13.4 9.0 10.1 :::0.4 1! .1 2BO, 764 13.5 8.9 10.1 20.1 11.3 2SS, 180 t:l. 7 a. a 10.0 19.8 11.5 290.169 13.8 S.b 9.9 i9.5 11.., 295,308 13.9 8.4 9.9 18.4 11.9 302,180 13.9 3.3 10.1 16.6 12.3 309,379 13.9 8.1 10.3 15.0 12.8 :317.515 13,9 7.9 10.6 13.6 1"" ...... :326.709 1:3.8 7.6 10.8 12.3 13.7 Page 30 PRELBfiNJRY DPJFT SUBJECT TO REVISION C01:1RECT10N/CHANGE TERROR LA BlACr 8EA ---------- 0.(' 0.0 t·:> ,, ...... {\, c 11.6 0.0 11.1 0.0 10.1 19.4 10.2 18.3 10.2 16.8 10. 1 15.6 10.1 15.7 10.1 1 C' 1';1 • ._ •• f....l 10.0 15.9 10.0 16.0 9 ... .o !C' Q .... .; ... 9 •. ::, 15.7 9~4 15.5 9.4 !5.4 '1.5 1:5.7 ·r.b 15.9 •:'!.., . .. , 16'l2 9.8 t .I :' •• ~ • ._l ....... -. ·-.. -------·~~ .... .., --.,...~,::-:-, i • ;-j i. •~ --"-'~w---·• • --•-:: _l . ; .•. I HPA Finance Model .. '~-~ .;, _..... 01/03/84 10.60 s:_~:..: ::.~:: ·~ :..~-?-.=-~·~:;:~:;rl :.se: Bl.ACKBEAR/SYSl'EM C-K-H-TB' 3111 60% Grant/40% Revenue Bond C0:.:.?2C'i'J.O:.l/CHl:J:lGE TAll£ 0.3 CIJPARisa. OF PRO..ECTS' ESTIJIIATED TOTAL AtlliAl COSTS ( AtlliAl COSTS INl..UIE OliO (C/Idll) Svsta Svsta Cu Awrue Fiscal Debt Sales Rate DS Rate Year Service UIWb) Cc/KWh) Cc/KWh) SWAN lME lME ME SO..mD G TERRI:R LA lUCK IlEA 1984 3.326 26.115 13.2 12.7 15.0 17.2 14.0 o.o o.o 1985 17.982 151.008 12.9 11.9 14.7 17.1 u.s 13.9 o.o 1986 23.368 218.197 12.0 10.7 13.9 16.6 9.8 11.6 0.0 1987 23.369 223.981 12.1 10.4 14.0 17.0 9.8 11.1 o.o 1988 24.686 236.070 12.5 10.5 14.0 17.6 9.7 10.5 22.5 1989 26.004 248.731 13.0 10.5 13.1 18.2 9.8 10.4 20.5 1990 26.086 254.646 13.1 10.2 12.4 18.6 10.0 10.4 18.9 1991 26.086 260.612 13.2 10.0 11.8 19.0 10.2 10.3 17.6 1992 26.086 265.337 13.4 9.8 11.2 19.4 10.5 10.3 17.7 1993 26,orn 270.174 13.5 9.1 10.7 19.8 10.7 10.2 17.8 1994 '26.086 215.123 13.7 9.5 10.3 20.2 11.0 10.2 17.8 1995 26.087 276.856 13.9 9.4 10.3 20.8 11.2 10.1 17.9 1996 26.orn 280.764 14.1 9.3 10.2 20.5 11.4 10.0 17.7 1997 26.087 285.1~ 14.3 9.1 1Q.1 20.2 11.6 9.8 17.5 1998 26.087 290.169 14.4 9.0 10.0 1}.9 11.7 9.6 17~2 1999 26,orn 295.808 14.5 8.8 10.1 18.7 12.0 9.5 17.1 2000 26.087 302.180 14.5 8.6 10.3 16.8 12.4 9.6 17.4 2001 26.087 309.'319 14.5 8.4 10.5 15.2 12.9 9.7 17.7 2002 26.orfl 317.515 14.5 8.2 10.7 13.7 13.4 9.9 18.0 2003 26.orn 326.709 14.4 8.0 10.9 12.4 13.9 10.0 18.3 Page 31 ,:,p Fin>1r.c~ Model ~i1i03/34 16.27 -.: BlACKBEAR/SYSTEi'l C-i<-TB 3MW ONlY W LOAN 40 GRANT T~BLE 0.3 COI'!PAIUSON OF PROJECTS' ESTII'IATED TOTAL ANNUAL COSTS !ANNUAL COSTS INi'..LUDE 0&1'1l (c/kWtd Snttm Svstem CaP Ave rue Fiscal Ik!bt Sales Rite DS Rate Yea!' Service (MWfl) <cfi<Wh) (c/KWtll SWAN LA¥£ LAKE TYEE SOLOMON G --------- 1984 :3,326 26,115 13.2 12.7 15.0 17.2 14.0 1'?S5 ti,'i82 151 ,!)08 I') •::) ..... J'. 11.9 14.7 17.1 !1.:3 1'?:36 Z3,:?u)S 213, 1'17 ,., (l , ... v 10.7 PQ ..,,, 16.6 9.8 ,_ .. "" 1987 23,3b9 223.981 12.1 10.4 14.0 17.0 9.8 1%"'8 23.368 234,607 12.0 10.0 13.5 17.0 9.4 1989 24.763 245,437 12.5 10.1 13.0 17.9 9.7 1990 24,763 250.911 12.6 9.9 12.3 18.3 9.9 1991 24.764 256.553 12.7 9.7 11.7 18.6 10.2 1'192 24,763 261,845 12.9 9.5 11.1 19.0 10.4 1'?.93 24.764 267,978 12.9 9.2 10.6 19.4 10.6 1 '?'?4 24,764 272,310 13.1 9.1 10.1 1·~.a 10.9 19Q5 24. ib4 275.164 13.3 9.0 10.2 20.4 11.2 l'i% 24.763 279.n9 13.5 3.9 10.1 20.0 11.3 1'?'17 24.763 284.833 13.6 8.7 10.0 19.7 11.5 1'19'2. 24,764 290.16? 13.7 8.5 10.0 t9.3 11.7 1999 24.763 295.80.'3 13.7 8.4 10.0 18.5 11.9 ...... 2000 24.763 302,1:30 13.8 3.2 10.1 16.6 12.3 2001 :4.764 309.379 13.8 8.0 10.3 15.0 12.8 2002 24,763 317.515 13.7 7.8 10.6 13.6 13.2 200:3 241763 326, 7fY? 13.6 7.6 10.8 12.3 13.7 Page 32 TERROR LA BLAC'rt: BEA --- 0.0 o.o 13.9 o.n 11.6 0.0 11.1 o.o 10.2 21.9 10.3 20.7 10.2 19.3 10.2 t:3.0 !0.1 17.4 10.1 16.1 10.0 16.4 10.0 15.9 9.8 15.1 9.7 14.4 9,5 14.0 9.4 13.9 ~ 1:' -• .J 14.2 Q L ,. •'.J 14.4 '1. 7 14.7 9.8 tt:' (l ···-'· v .. ~F Finance Model )l/v3/84 10.27 ::a.s.tH BLACKBEAR/SYSTEM C-K-TB 3MW ON..Y 100% STATE LOAN PRET...DIPHRY DRA1 5UB1lCT TO REVISIC (' ·--~ TABLE D.3 tYXif.".1Ji:i/:1!'l0l1li'CH.Mi! CIJI'!PARISON OF PROJECTS' ESTII'tATED TOTAL ANNUAL COSTS C4Nt!AL COSTS INCLUDE O&PU Cc/kWh) Svstea Svstem CaP Avera !it Fisc:tl Debt Sales Rate DS Rate Y-ear Service <MWhl (c/KWh> (c/l<Whl SWAN LAKE LAKE TYEE SOLOI'ION G TERROR LA BLACK BEA -------------- 1984 3,326 24.956 13.9 13.3 15.6 17.7 14.8 0.0 1).0 1985 17,982 146.008 13.3 12.3 15.1 17.5 12.2 14.3 0. (I 1'?:36 23,368 213,197 . 12.3 11.0 14.2 16.9 11.1 11.5 0.0 1937 23,369 218,931 12.4 10.7 14.2 17.2 1! .1 11.0 0.(1 19e.S 23,368 Z..'9.607 12.2 10.2 13.5 17.3 10.7 10.1 2LS 1989 25,694 240,437 13.3 10.7 13.4 13.7 11.4 10.6 21.4 1990 25.693 245.911 13.4 10.4 12.7 19.0 11.6 10.6 19.9 1991 25,694 251.553 13.5 10.2 12.0 19.4 11.8 10.5 18.6 1992 25.694 256.845 13.6 10.0 11.4 19.8 12.1 10.5 18.0 1993 ~'5.694 262,978 13.7 9.8 10.9 20.2 12.4 10.4 16.6 19'?4 25.693 267.310 13.8 9.6 10.4 20.6 12.7 10.4 16.9 1995 25,694 270.164 14.1 9.5 10.5 21.2 13.0 10.3 16.4 1'196 25.694 274,729 14.2 9.4 10.4 20.8 13.2 10.2 15.6 1997 25.694 279.838 14.3 9.2 10.3 20.5 13.3 10.0 14.8 !998 25,813 zss, 169 14.4 9.0 10.2 20.1 13.!5 9.8 14.3 1'?99 25,694 290,808 14.5 8.8 10.2 19.0 13.8 9.7 14.3 2000 25,694 297,180 14.5 8.6 10.4 17.1 14.3 9.8 14.6 2001 25.693 304,379 14.5 8.4 10.6 15.5 14.8 9.9 1.4,9 2002 25,693 312.515 14.5 s ':) .... 10.9 14.0 15.:3 ·to.o 15.2 2003 25,693 321.709 14.4 8.0 11.1 12.6 15.9 10.1 15~5 * Page 33 APA Finance ~odel ,O.t/03/84 10.68 tse: BLACKBEAR/SYSTEM C-K-TB 3tll Oti.Y 60 GRNT 40 BtNJ g!)NVH~I NO!.L~T!IJ!O:J NOISIAat:l OJ. l~d{g£1S ,. .. ::o;rr,-n•'r'Yi~Jd TAILE 0.3 ~v~-!J 1 ~;"' ,,,: ,ij, •• e-u . ,· ij_\t i'!. .. ~ ' ; ~.oall•a !;.a OJFARIS(W (F PfnECTS' ESTIMATED TOTfl. AtftJfl. COSTS CAtHA. COSTS It«l.UU£ Oldf) (c/kWh) SYstH SYstH Cu Ave rut Fiscal Debt Sales Rate DS Rite Year Service (Pifh) Cc/KWh) Cc/KWh) SWAN LAKE I...AICE TYEE S(l(KW G TERRm LA BLACK BEA 1984 3.326 26.115 13.2 12.7 15.0 17.2 14.0 o.o o.o 1985 17.982 151.008 12.9 11.9 14.1 17.1 11.8 13.9 0.0 1986 23.368 218.197 12.0 10.7 13.9 16.6 9.8 11.6 0.0 1987 23.369 223.981 12.1 10.4 14.0 17.0 9.S 11.1 o.o 1988 24.51S 234.607 12.5 10.5 14.0 17.6 '9.7 10.5 25.2 1989 25.668 245.437 13.0 10.5 13.1 18.2 9.8 10.4 23.2 1990 25.740 250.911 13.1 10.3 12.4 18.6 10.0 10.4 21.6 1991 25.740 256.553 13.2 10.0 u.s . 19.0 10.3 10.3 20.2 1992 25.740 26.1.845 13.4 9.8 11.2 19.4 10.5 10.3 19.~ 1993 25t740 267.978 13.4 9.6 10.7 19.7 10.7 10.2 18.0 1994 25.740 272.810 13.6 9.4 10.3 20.2 11.0 10.2 18.3 1995 25.740 275.164 13.8 9.4 10.3 20.7 11.3 10.1 17.7 1996 25.740 279.729 14.0 9.2 10.2 20.4 11.4 10.0 16.9 1997 25.740 284.838 14.1 9.0 10.2 20.0 11.6 9.8 16.0 1998 25.740 290.169 14.2 8.9 10.1 1'9.7 u.s 9.6 15.5 1999 25.740 295.808 14.3 8.7 10.1 18.7 12.0 9.5 15.4 2000 25.740 302.180 14.3 8.5 10.3 16.8 12.4 9.6 15.7 2001 25.740 309.379 14.3 8.3 10.5 15.2 12.9 9.7 15.9 2002 25.740 317.515 14.3 8.1 10.7 13.7 13.3 9.9 16.2 2003 25.740 326.709 14.2 7.9 10.9 12.4 13.S 10.0 16.5 Page 34 ,_ -·. 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