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*****************
***CASE REPORT***
*****************
Simulation Metadata
----------------------
GEOPHIRES Version: 3.12.1
Simulation Date: 2026-04-13
Simulation Time: 08:15
Calculation Time: 19.782 sec
***SUMMARY OF RESULTS***
End-Use Option: Cogeneration Bottoming Cycle, Heat sales considered as extra income
Average Net Electricity Production: 12.60 MW
Average Direct-Use Heat Production: 119.26 MW
Electricity breakeven price: 16.53 cents/kWh
Direct-Use heat breakeven price (LCOH): 4.33 USD/MMBTU
Total CAPEX: 216.95 MUSD
Electricity CAPEX ($/kWe): 9323 USD/kW
Heat CAPEX ($/kWth): 829 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: 65.08 MUSD
Project lifetime: 30 yr
Capacity factor: 90.0 %
Project NPV: 14.59 MUSD
After-tax IRR: 20.73 %
Project VIR=PI=PIR: 1.23
Project MOIC: 3.50
Project Payback Period: 4.34 yr
CHP: Percent cost allocation for electrical plant: 54.19 %
***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$)***
Exploration costs: 4.71 MUSD
Drilling and completion costs: 46.49 MUSD
Drilling and completion costs per well: 4.65 MUSD
Stimulation costs: 48.30 MUSD
Surface power plant costs: 93.68 MUSD
of which Electrical Plant Cost: 50.77 MUSD
of which Heat Plant Cost: 42.91 MUSD
Field gathering system costs: 3.20 MUSD
Total surface equipment costs: 96.88 MUSD
Overnight Capital Cost: 196.38 MUSD
Inflation costs during construction: 12.58 MUSD
Interest during construction: 7.99 MUSD
Total CAPEX: 216.95 MUSD
***OPERATING AND MAINTENANCE COSTS (M$/yr)***
Wellfield maintenance costs: 1.12 MUSD/yr
Power plant maintenance costs: 3.26 MUSD/yr
Water costs: 0.16 MUSD/yr
Redrilling costs: 9.48 MUSD/yr
Total operating and maintenance costs: 14.01 MUSD/yr
***SURFACE EQUIPMENT SIMULATION RESULTS***
Initial geofluid availability: 0.11 MW/(kg/s)
Maximum Total Electricity Generation: 20.75 MW
Average Total Electricity Generation: 20.75 MW
Minimum Total Electricity Generation: 20.75 MW
Initial Total Electricity Generation: 20.75 MW
Maximum Net Electricity Generation: 12.61 MW
Average Net Electricity Generation: 12.60 MW
Minimum Net Electricity Generation: 12.57 MW
Initial Net Electricity Generation: 12.59 MW
Average Annual Total Electricity Generation: 163.56 GWh
Average Annual Net Electricity Generation: 99.38 GWh
Initial pumping power/net installed power: 64.72 %
Maximum Net Heat Production: 119.94 MW
Average Net Heat Production: 119.26 MW
Minimum Net Heat Production: 115.90 MW
Initial Net Heat Production: 116.58 MW
Average Annual Heat Production: 940.31 GWh
Average Pumping Power: 8.14 MW
Heat to Power Conversion Efficiency: 5.05 %
************************************************************
* 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 12.5944 116.5786 5.0466
1 1.0052 202.70 8.1476 12.5980 118.9568 5.0480
2 1.0062 202.89 8.1469 12.5986 119.3983 5.0483
3 1.0067 202.99 8.1466 12.5990 119.6280 5.0484
4 1.0070 203.06 8.1464 12.5992 119.7799 5.0485
5 1.0073 203.11 8.1462 12.5994 119.8908 5.0486
6 1.0074 203.13 8.1463 12.5993 119.9428 5.0486
7 1.0066 202.97 8.1489 12.5967 119.5757 5.0475
8 1.0007 201.78 8.1656 12.5800 116.8823 5.0408
9 1.0048 202.61 8.1453 12.6002 118.7524 5.0489
10 1.0060 202.86 8.1444 12.6012 119.3184 5.0493
11 1.0066 202.97 8.1428 12.6027 119.5803 5.0499
12 1.0070 203.05 8.1408 12.6048 119.7466 5.0508
13 1.0072 203.10 8.1387 12.6069 119.8662 5.0516
14 1.0074 203.13 8.1370 12.6085 119.9426 5.0523
15 1.0070 203.06 8.1373 12.6082 119.7657 5.0521
16 1.0031 202.27 8.1479 12.5976 117.9939 5.0479
17 1.0041 202.47 8.1345 12.6110 118.4398 5.0533
18 1.0058 202.82 8.1344 12.6112 119.2231 5.0533
19 1.0065 202.95 8.1343 12.6112 119.5271 5.0533
20 1.0069 203.03 8.1343 12.6112 119.7105 5.0533
21 1.0072 203.09 8.1343 12.6112 119.8395 5.0533
22 1.0074 203.13 8.1344 12.6112 119.9310 5.0533
23 1.0072 203.10 8.1353 12.6103 119.8714 5.0530
24 1.0048 202.61 8.1426 12.6030 118.7557 5.0500
25 1.0027 202.20 8.1344 12.6112 117.8263 5.0533
26 1.0056 202.76 8.1344 12.6112 119.1063 5.0533
27 1.0063 202.92 8.1344 12.6111 119.4670 5.0533
28 1.0068 203.01 8.1344 12.6111 119.6711 5.0533
29 1.0071 203.08 8.1344 12.6111 119.8108 5.0533
*******************************************************************
* 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) (%)
1 931.7 99.3 3002.77 143.09 7.02
2 939.8 99.3 3011.81 132.25 14.07
3 942.3 99.3 3014.56 121.39 21.12
4 943.8 99.3 3016.19 110.54 28.18
5 944.8 99.3 3017.33 99.67 35.23
6 945.5 99.3 3018.10 88.81 42.29
7 944.8 99.3 3017.30 77.95 49.35
8 934.9 99.3 3006.30 67.12 56.38
9 926.7 99.3 2997.27 56.33 63.40
10 938.9 99.3 3010.72 45.49 70.44
11 941.8 99.4 3014.03 34.64 77.49
12 943.5 99.4 3015.84 23.79 84.54
13 944.6 99.4 3017.08 12.93 91.60
14 945.4 99.4 3017.96 2.06 98.66
15 945.3 99.4 3017.88 -8.80 105.72
16 939.2 99.4 3011.14 -19.64 112.76
17 924.5 99.4 2994.77 -30.42 119.77
18 937.5 99.4 3009.26 -41.26 126.81
19 941.3 99.4 3013.41 -52.11 133.86
20 943.1 99.4 3015.46 -62.96 140.91
21 944.3 99.4 3016.81 -73.82 147.97
22 945.2 99.4 3017.78 -84.69 155.03
23 945.5 99.4 3018.13 -95.55 162.09
24 942.0 99.4 3014.27 -106.40 169.14
25 924.9 99.3 2995.26 -117.19 176.14
26 935.6 99.4 3007.08 -128.01 183.18
27 940.6 99.4 3012.68 -138.86 190.23
28 942.7 99.4 3015.04 -149.71 197.28
29 944.1 99.4 3016.51 -160.57 204.33
30 945.0 99.4 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] ($) -14,728,311 -103,098,179 -78,550,993
plus:
Inflation cost [construction] ($) -397,664 -5,642,460 -6,535,968
plus:
Royalty supplemental payments [construction] ($) 0 0 0
equals:
Nominal capital expenditure [construction] ($) -15,125,976 -108,740,639 -85,086,961
Issuance of equity [construction] ($) 15,125,976 32,622,192 25,526,088
Issuance of debt [construction] ($) 0 76,118,447 59,560,873
Debt balance [construction] ($) 0 76,118,447 143,671,757
Debt interest payment [construction] ($) 0 0 7,992,437
Installed cost [construction] ($) -15,125,976 -108,740,639 -93,079,398
After-tax net cash flow [construction] ($) -15,125,976 -32,622,192 -25,526,088
ENERGY
Electricity to grid (kWh) 0.0 99,313,020 99,325,280 99,329,015 99,331,224 99,332,758 99,333,410 99,326,056 99,263,098 99,299,889 99,343,578 99,353,413 99,367,844 99,384,484 99,399,741 99,407,107 99,373,923 99,353,075 99,425,902 99,426,682 99,426,900 99,426,896 99,426,722 99,424,262 99,399,069 99,334,982 99,426,375 99,426,270 99,426,172 99,426,080 99,425,968
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 99,313,020 99,325,280 99,329,015 99,331,224 99,332,758 99,333,410 99,326,056 99,263,098 99,299,889 99,343,578 99,353,413 99,367,844 99,384,484 99,399,741 99,407,107 99,373,923 99,353,075 99,425,902 99,426,682 99,426,900 99,426,896 99,426,722 99,424,262 99,399,069 99,334,982 99,426,375 99,426,270 99,426,172 99,426,080 99,425,968
Heat provided (kWh) 0 931,699,281 939,837,015 942,314,903 943,780,012 944,803,489 945,499,436 944,774,210 934,877,845 926,746,908 938,852,768 941,831,559 943,466,861 944,576,394 945,370,981 945,297,400 939,235,023 924,500,003 937,543,301 941,275,541 943,122,781 944,331,534 945,204,571 945,521,883 942,046,428 924,943,564 935,582,993 940,623,153 942,741,549 944,067,007 944,981,487
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 ($) 0 9,434,737 9,435,902 9,492,874 9,549,704 9,606,471 9,663,154 9,719,055 9,769,474 9,829,696 9,890,647 9,948,257 10,006,342 10,064,667 10,122,870 10,180,282 10,233,527 10,288,011 10,352,225 10,408,979 10,465,675 10,522,348 10,579,003 10,635,413 10,689,376 10,739,105 10,805,658 10,862,320 10,918,982 10,975,645 11,032,305
Curtailment payment revenue ($) 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 23,292,482 23,495,925 23,557,873 23,594,500 23,620,087 23,637,486 23,619,355 23,371,946 23,168,673 23,471,319 23,545,789 23,586,672 23,614,410 23,634,275 23,632,435 23,480,876 23,112,500 23,438,583 23,531,889 23,578,070 23,608,288 23,630,114 23,638,047 23,551,161 23,123,589 23,389,575 23,515,579 23,568,539 23,601,675 23,624,537
equals:
Capacity payment revenue ($) 0 23,292,482 23,495,925 23,557,873 23,594,500 23,620,087 23,637,486 23,619,355 23,371,946 23,168,673 23,471,319 23,545,789 23,586,672 23,614,410 23,634,275 23,632,435 23,480,876 23,112,500 23,438,583 23,531,889 23,578,070 23,608,288 23,630,114 23,638,047 23,551,161 23,123,589 23,389,575 23,515,579 23,568,539 23,601,675 23,624,537
Salvage value ($) 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 0 108,473,006
Total revenue ($) 0 32,727,219 32,931,827 33,050,747 33,144,204 33,226,558 33,300,640 33,338,410 33,141,420 32,998,369 33,361,966 33,494,046 33,593,014 33,679,077 33,757,145 33,812,717 33,714,403 33,400,511 33,790,808 33,940,868 34,043,745 34,130,636 34,209,117 34,273,460 34,240,537 33,862,694 34,195,233 34,377,899 34,487,521 34,577,320 143,129,849
Property tax net assessed value ($) 0 216,946,013 216,946,013 216,946,013 216,946,013 216,946,013 216,946,013 216,946,013 216,946,013 216,946,013 216,946,013 216,946,013 216,946,013 216,946,013 216,946,013 216,946,013 216,946,013 216,946,013 216,946,013 216,946,013 216,946,013 216,946,013 216,946,013 216,946,013 216,946,013 216,946,013 216,946,013 216,946,013 216,946,013 216,946,013 216,946,013
OPERATING EXPENSES
O&M fixed expense ($) 0 14,014,665 14,014,665 14,014,665 14,014,665 14,014,665 14,014,665 14,014,665 14,014,665 14,014,665 14,014,665 14,014,665 14,014,665 14,014,665 14,014,665 14,014,665 14,014,665 14,014,665 14,014,665 14,014,665 14,014,665 14,014,665 14,014,665 14,014,665 14,014,665 14,014,665 14,014,665 14,014,665 14,014,665 14,014,665 14,014,665
O&M production-based expense ($) 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 ($) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Property tax expense ($) 0 477,281 477,281 477,281 477,281 477,281 477,281 477,281 477,281 477,281 477,281 477,281 477,281 477,281 477,281 477,281 477,281 477,281 477,281 477,281 477,281 477,281 477,281 477,281 477,281 477,281 477,281 477,281 477,281 477,281 477,281
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 14,491,946 14,491,946 14,491,946 14,491,946 14,491,946 14,491,946 14,491,946 14,491,946 14,491,946 14,491,946 14,491,946 14,491,946 14,491,946 14,491,946 14,491,946 14,491,946 14,491,946 14,491,946 14,491,946 14,491,946 14,491,946 14,491,946 14,491,946 14,491,946 14,491,946 14,491,946 14,491,946 14,491,946 14,491,946 14,491,946
EBITDA ($) 0 18,235,273 18,439,881 18,558,801 18,652,258 18,734,612 18,808,694 18,846,464 18,649,474 18,506,423 18,870,020 19,002,100 19,101,068 19,187,131 19,265,199 19,320,771 19,222,457 18,908,565 19,298,862 19,448,922 19,551,800 19,638,690 19,717,171 19,781,514 19,748,591 19,370,748 19,703,287 19,885,953 19,995,575 20,085,374 128,637,903
OPERATING ACTIVITIES
EBITDA ($) 0 18,235,273 18,439,881 18,558,801 18,652,258 18,734,612 18,808,694 18,846,464 18,649,474 18,506,423 18,870,020 19,002,100 19,101,068 19,187,131 19,265,199 19,320,771 19,222,457 18,908,565 19,298,862 19,448,922 19,551,800 19,638,690 19,717,171 19,781,514 19,748,591 19,370,748 19,703,287 19,885,953 19,995,575 20,085,374 128,637,903
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 10,057,023 9,950,555 9,836,635 9,714,740 9,584,312 9,444,755 9,295,429 9,135,649 8,964,685 8,781,754 8,586,018 8,376,579 8,152,481 7,912,695 7,656,124 7,381,594 7,087,846 6,773,536 6,437,224 6,077,370 5,692,327 5,280,331 4,839,494 4,367,800 3,863,086 3,323,043 2,745,197 2,126,901 1,465,325 757,439
Cash flow from operating activities ($) 0 8,178,250 8,489,325 8,722,166 8,937,518 9,150,300 9,363,939 9,551,035 9,513,825 9,541,738 10,088,266 10,416,083 10,724,489 11,034,650 11,352,504 11,664,647 11,840,863 11,820,719 12,525,326 13,011,698 13,474,429 13,946,363 14,436,841 14,942,020 15,380,791 15,507,661 16,380,244 17,140,756 17,868,674 18,620,049 127,880,464
INVESTING ACTIVITIES
Total installed cost ($) -216,946,013
Debt closing costs ($) 0
Debt up-front fee ($) 0
minus:
Total IBI income ($) 0
Total CBI income ($) 0
equals:
Purchase of property ($) -216,946,013
plus:
Reserve (increase)/decrease debt service ($) 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 ($) -216,946,013 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
FINANCING ACTIVITIES
Issuance of equity ($) 73,274,256
Size of debt ($) 143,671,757
minus:
Debt principal payment ($) 0 1,520,967 1,627,435 1,741,355 1,863,250 1,993,678 2,133,235 2,282,562 2,442,341 2,613,305 2,796,236 2,991,973 3,201,411 3,425,510 3,665,295 3,921,866 4,196,396 4,490,144 4,804,454 5,140,766 5,500,620 5,885,663 6,297,660 6,738,496 7,210,190 7,714,904 8,254,947 8,832,793 9,451,089 10,112,665 10,820,552
equals:
Cash flow from financing activities ($) 216,946,013 -1,520,967 -1,627,435 -1,741,355 -1,863,250 -1,993,678 -2,133,235 -2,282,562 -2,442,341 -2,613,305 -2,796,236 -2,991,973 -3,201,411 -3,425,510 -3,665,295 -3,921,866 -4,196,396 -4,490,144 -4,804,454 -5,140,766 -5,500,620 -5,885,663 -6,297,660 -6,738,496 -7,210,190 -7,714,904 -8,254,947 -8,832,793 -9,451,089 -10,112,665 -10,820,552
PROJECT RETURNS
Pre-tax Cash Flow:
Cash flow from operating activities ($) 0 8,178,250 8,489,325 8,722,166 8,937,518 9,150,300 9,363,939 9,551,035 9,513,825 9,541,738 10,088,266 10,416,083 10,724,489 11,034,650 11,352,504 11,664,647 11,840,863 11,820,719 12,525,326 13,011,698 13,474,429 13,946,363 14,436,841 14,942,020 15,380,791 15,507,661 16,380,244 17,140,756 17,868,674 18,620,049 127,880,464
Cash flow from investing activities ($) -216,946,013 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Cash flow from financing activities ($) 216,946,013 -1,520,967 -1,627,435 -1,741,355 -1,863,250 -1,993,678 -2,133,235 -2,282,562 -2,442,341 -2,613,305 -2,796,236 -2,991,973 -3,201,411 -3,425,510 -3,665,295 -3,921,866 -4,196,396 -4,490,144 -4,804,454 -5,140,766 -5,500,620 -5,885,663 -6,297,660 -6,738,496 -7,210,190 -7,714,904 -8,254,947 -8,832,793 -9,451,089 -10,112,665 -10,820,552
Total pre-tax cash flow ($) 0 6,657,283 6,861,890 6,980,811 7,074,268 7,156,622 7,230,704 7,268,473 7,071,484 6,928,433 7,292,030 7,424,110 7,523,078 7,609,141 7,687,208 7,742,781 7,644,466 7,330,575 7,720,872 7,870,932 7,973,809 8,060,700 8,139,181 8,203,524 8,170,601 7,792,758 8,125,297 8,307,963 8,417,585 8,507,384 117,059,913
Pre-tax Returns:
Issuance of equity ($) 73,274,256
Total pre-tax cash flow ($) 0 6,657,283 6,861,890 6,980,811 7,074,268 7,156,622 7,230,704 7,268,473 7,071,484 6,928,433 7,292,030 7,424,110 7,523,078 7,609,141 7,687,208 7,742,781 7,644,466 7,330,575 7,720,872 7,870,932 7,973,809 8,060,700 8,139,181 8,203,524 8,170,601 7,792,758 8,125,297 8,307,963 8,417,585 8,507,384 117,059,913
Total pre-tax returns ($) -73,274,256 6,657,283 6,861,890 6,980,811 7,074,268 7,156,622 7,230,704 7,268,473 7,071,484 6,928,433 7,292,030 7,424,110 7,523,078 7,609,141 7,687,208 7,742,781 7,644,466 7,330,575 7,720,872 7,870,932 7,973,809 8,060,700 8,139,181 8,203,524 8,170,601 7,792,758 8,125,297 8,307,963 8,417,585 8,507,384 117,059,913
After-tax Returns:
Total pre-tax returns ($) -73,274,256 6,657,283 6,861,890 6,980,811 7,074,268 7,156,622 7,230,704 7,268,473 7,071,484 6,928,433 7,292,030 7,424,110 7,523,078 7,609,141 7,687,208 7,742,781 7,644,466 7,330,575 7,720,872 7,870,932 7,973,809 8,060,700 8,139,181 8,203,524 8,170,601 7,792,758 8,125,297 8,307,963 8,417,585 8,507,384 117,059,913
Federal ITC total income ($) 0 65,083,804 0 0 0 0 0 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 -715,217 146,501 99,829 56,663 14,012 -28,811 -66,313 -58,855 -64,450 -173,998 -239,708 -301,526 -363,696 -427,408 -489,976 -525,298 -521,260 -662,495 -759,986 -852,738 -1,871,407 -2,893,793 -2,995,053 -3,083,003 -3,108,433 -3,283,338 -3,435,779 -3,581,686 -3,732,296 -25,633,000
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) ($) 0 -162,351 33,255 22,661 12,862 3,181 -6,540 -15,053 -13,360 -14,630 -39,497 -54,412 -68,445 -82,557 -97,020 -111,222 -119,240 -118,323 -150,383 -172,513 -193,567 -424,800 -656,876 -679,862 -699,826 -705,599 -745,301 -779,904 -813,025 -847,212 -5,818,561
Total after-tax returns ($) -73,274,256 70,863,519 7,041,647 7,103,301 7,143,793 7,173,815 7,195,353 7,187,108 6,999,270 6,849,354 7,078,534 7,129,990 7,153,107 7,162,887 7,162,780 7,141,583 6,999,929 6,690,992 6,907,994 6,938,434 6,927,504 5,764,494 4,588,512 4,528,609 4,387,772 3,978,726 4,096,658 4,092,280 4,022,874 3,927,876 85,608,352
After-tax net cash flow ($) -15,125,976 -32,622,192 -25,526,088 70,863,519 7,041,647 7,103,301 7,143,793 7,173,815 7,195,353 7,187,108 6,999,270 6,849,354 7,078,534 7,129,990 7,153,107 7,162,887 7,162,780 7,141,583 6,999,929 6,690,992 6,907,994 6,938,434 6,927,504 5,764,494 4,588,512 4,528,609 4,387,772 3,978,726 4,096,658 4,092,280 4,022,874 3,927,876 85,608,352
After-tax cumulative IRR (%) NaN NaN NaN -1.79 3.18 7.28 10.45 12.84 14.65 16.00 17.01 17.77 18.38 18.86 19.23 19.53 19.77 19.96 20.11 20.22 20.32 20.40 20.46 20.50 20.53 20.56 20.57 20.59 20.60 20.61 20.62 20.62 20.74
After-tax cumulative NPV ($) -15,125,976 -43,487,181 -62,780,517 -16,215,762 -12,193,037 -8,665,124 -5,580,529 -2,887,563 -539,313 1,499,878 3,226,384 4,695,231 6,014,951 7,170,634 8,178,624 9,056,152 9,819,050 10,480,338 11,043,847 11,512,132 11,932,454 12,299,486 12,618,075 12,848,551 13,008,047 13,144,899 13,260,177 13,351,054 13,432,403 13,503,051 13,563,430 13,614,682 14,585,830
AFTER-TAX LCOE AND PPA PRICE
Annual costs ($) -15,125,976 -32,622,192 -25,526,088 38,136,300 -25,890,180 -25,947,446 -26,000,411 -26,052,743 -26,105,287 -26,151,302 -26,142,150 -26,149,015 -26,283,431 -26,364,056 -26,439,907 -26,516,190 -26,594,364 -26,671,134 -26,714,474 -26,709,519 -26,882,814 -27,002,435 -27,116,241 -28,366,143 -29,620,605 -29,744,851 -29,852,765 -29,883,968 -30,098,575 -30,285,619 -30,464,647 -30,649,444 50,951,510
PPA revenue ($) 0 0 0 9,434,737 9,435,902 9,492,874 9,549,704 9,606,471 9,663,154 9,719,055 9,769,474 9,829,696 9,890,647 9,948,257 10,006,342 10,064,667 10,122,870 10,180,282 10,233,527 10,288,011 10,352,225 10,408,979 10,465,675 10,522,348 10,579,003 10,635,413 10,689,376 10,739,105 10,805,658 10,862,320 10,918,982 10,975,645 11,032,305
Electricity to grid (kWh) 0 0 0 99,313,020 99,325,280 99,329,015 99,331,224 99,332,758 99,333,410 99,326,056 99,263,098 99,299,889 99,343,578 99,353,413 99,367,844 99,384,484 99,399,741 99,407,107 99,373,923 99,353,075 99,425,902 99,426,682 99,426,900 99,426,896 99,426,722 99,424,262 99,399,069 99,334,982 99,426,375 99,426,270 99,426,172 99,426,080 99,425,968
Present value of annual costs ($) 150,110,910
Present value of annual energy costs ($) 81,348,720
Present value of annual energy nominal (kWh) 492,246,912
LCOE Levelized cost of energy nominal (cents/kWh) 16.53
Present value of PPA revenue ($) 48,259,824
Present value of annual energy nominal (kWh) 492,246,912
LPPA Levelized PPA price nominal (cents/kWh) 9.80
Present value of annual heat costs ($) 68,762,190
Present value of annual heat provided (MMBTU) 15,891,967
LCOH Levelized cost of heating nominal ($/MMBTU) 4.33
PROJECT STATE INCOME TAXES
EBITDA ($) 0 18,235,273 18,439,881 18,558,801 18,652,258 18,734,612 18,808,694 18,846,464 18,649,474 18,506,423 18,870,020 19,002,100 19,101,068 19,187,131 19,265,199 19,320,771 19,222,457 18,908,565 19,298,862 19,448,922 19,551,800 19,638,690 19,717,171 19,781,514 19,748,591 19,370,748 19,703,287 19,885,953 19,995,575 20,085,374 128,637,903
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 ($) 0 10,057,023 9,950,555 9,836,635 9,714,740 9,584,312 9,444,755 9,295,429 9,135,649 8,964,685 8,781,754 8,586,018 8,376,579 8,152,481 7,912,695 7,656,124 7,381,594 7,087,846 6,773,536 6,437,224 6,077,370 5,692,327 5,280,331 4,839,494 4,367,800 3,863,086 3,323,043 2,745,197 2,126,901 1,465,325 757,439
Total state tax depreciation ($) 0 4,610,103 9,220,206 9,220,206 9,220,206 9,220,206 9,220,206 9,220,206 9,220,206 9,220,206 9,220,206 9,220,206 9,220,206 9,220,206 9,220,206 9,220,206 9,220,206 9,220,206 9,220,206 9,220,206 9,220,206 4,610,103 0 0 0 0 0 0 0 0 0
equals:
State taxable income ($) 0 3,568,147 -730,880 -498,039 -282,688 -69,906 143,734 330,830 293,619 321,532 868,060 1,195,877 1,504,283 1,814,445 2,132,298 2,444,441 2,620,657 2,600,513 3,305,121 3,791,493 4,254,224 9,336,261 14,436,841 14,942,020 15,380,791 15,507,661 16,380,244 17,140,756 17,868,674 18,620,049 127,880,464
State income tax rate (frac) 0.0 0.05 0.05 0.05 0.05 0.05 0.05 0.05 0.05 0.05 0.05 0.05 0.05 0.05 0.05 0.05 0.05 0.05 0.05 0.05 0.05 0.05 0.05 0.05 0.05 0.05 0.05 0.05 0.05 0.05 0.05
State tax benefit (liability) ($) 0 -162,351 33,255 22,661 12,862 3,181 -6,540 -15,053 -13,360 -14,630 -39,497 -54,412 -68,445 -82,557 -97,020 -111,222 -119,240 -118,323 -150,383 -172,513 -193,567 -424,800 -656,876 -679,862 -699,826 -705,599 -745,301 -779,904 -813,025 -847,212 -5,818,561
PROJECT FEDERAL INCOME TAXES
EBITDA ($) 0 18,235,273 18,439,881 18,558,801 18,652,258 18,734,612 18,808,694 18,846,464 18,649,474 18,506,423 18,870,020 19,002,100 19,101,068 19,187,131 19,265,199 19,320,771 19,222,457 18,908,565 19,298,862 19,448,922 19,551,800 19,638,690 19,717,171 19,781,514 19,748,591 19,370,748 19,703,287 19,885,953 19,995,575 20,085,374 128,637,903
Interest earned on reserves ($) 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) ($) 0 -162,351 33,255 22,661 12,862 3,181 -6,540 -15,053 -13,360 -14,630 -39,497 -54,412 -68,445 -82,557 -97,020 -111,222 -119,240 -118,323 -150,383 -172,513 -193,567 -424,800 -656,876 -679,862 -699,826 -705,599 -745,301 -779,904 -813,025 -847,212 -5,818,561
State ITC total income ($) 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 ($) 0 10,057,023 9,950,555 9,836,635 9,714,740 9,584,312 9,444,755 9,295,429 9,135,649 8,964,685 8,781,754 8,586,018 8,376,579 8,152,481 7,912,695 7,656,124 7,381,594 7,087,846 6,773,536 6,437,224 6,077,370 5,692,327 5,280,331 4,839,494 4,367,800 3,863,086 3,323,043 2,745,197 2,126,901 1,465,325 757,439
Total federal tax depreciation ($) 0 4,610,103 9,220,206 9,220,206 9,220,206 9,220,206 9,220,206 9,220,206 9,220,206 9,220,206 9,220,206 9,220,206 9,220,206 9,220,206 9,220,206 9,220,206 9,220,206 9,220,206 9,220,206 9,220,206 9,220,206 4,610,103 0 0 0 0 0 0 0 0 0
equals:
Federal taxable income ($) 0 3,405,796 -697,625 -475,379 -269,825 -66,725 137,194 315,777 280,260 306,902 828,563 1,141,465 1,435,838 1,731,887 2,035,279 2,333,219 2,501,417 2,482,190 3,154,738 3,618,980 4,060,656 8,911,461 13,779,964 14,262,158 14,680,965 14,802,063 15,634,943 16,360,852 17,055,649 17,772,837 122,061,903
Federal income tax rate (frac) 0.0 0.21 0.21 0.21 0.21 0.21 0.21 0.21 0.21 0.21 0.21 0.21 0.21 0.21 0.21 0.21 0.21 0.21 0.21 0.21 0.21 0.21 0.21 0.21 0.21 0.21 0.21 0.21 0.21 0.21 0.21
Federal tax benefit (liability) ($) 0 -715,217 146,501 99,829 56,663 14,012 -28,811 -66,313 -58,855 -64,450 -173,998 -239,708 -301,526 -363,696 -427,408 -489,976 -525,298 -521,260 -662,495 -759,986 -852,738 -1,871,407 -2,893,793 -2,995,053 -3,083,003 -3,108,433 -3,283,338 -3,435,779 -3,581,686 -3,732,296 -25,633,000
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 ($) 0 65,083,804 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Federal ITC total income ($) 0 65,083,804 0 0 0 0 0 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 ($) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
DEBT REPAYMENT
Debt balance ($) 143,671,757 142,150,790 140,523,355 138,782,000 136,918,750 134,925,072 132,791,837 130,509,275 128,066,934 125,453,629 122,657,393 119,665,420 116,464,010 113,038,500 109,373,205 105,451,339 101,254,943 96,764,798 91,960,344 86,819,578 81,318,958 75,433,295 69,135,636 62,397,140 55,186,949 47,472,046 39,217,099 30,384,305 20,933,217 10,820,552 0
Debt interest payment ($) 0 10,057,023 9,950,555 9,836,635 9,714,740 9,584,312 9,444,755 9,295,429 9,135,649 8,964,685 8,781,754 8,586,018 8,376,579 8,152,481 7,912,695 7,656,124 7,381,594 7,087,846 6,773,536 6,437,224 6,077,370 5,692,327 5,280,331 4,839,494 4,367,800 3,863,086 3,323,043 2,745,197 2,126,901 1,465,325 757,439
Debt principal payment ($) 0 1,520,967 1,627,435 1,741,355 1,863,250 1,993,678 2,133,235 2,282,562 2,442,341 2,613,305 2,796,236 2,991,973 3,201,411 3,425,510 3,665,295 3,921,866 4,196,396 4,490,144 4,804,454 5,140,766 5,500,620 5,885,663 6,297,660 6,738,496 7,210,190 7,714,904 8,254,947 8,832,793 9,451,089 10,112,665 10,820,552
Debt total payment ($) 0 11,577,990 11,577,990 11,577,990 11,577,990 11,577,990 11,577,990 11,577,990 11,577,990 11,577,990 11,577,990 11,577,990 11,577,990 11,577,990 11,577,990 11,577,990 11,577,990 11,577,990 11,577,990 11,577,990 11,577,990 11,577,990 11,577,990 11,577,990 11,577,990 11,577,990 11,577,990 11,577,990 11,577,990 11,577,990 11,577,990
DSCR (DEBT FRACTION)
EBITDA ($) 0 18,235,273 18,439,881 18,558,801 18,652,258 18,734,612 18,808,694 18,846,464 18,649,474 18,506,423 18,870,020 19,002,100 19,101,068 19,187,131 19,265,199 19,320,771 19,222,457 18,908,565 19,298,862 19,448,922 19,551,800 19,638,690 19,717,171 19,781,514 19,748,591 19,370,748 19,703,287 19,885,953 19,995,575 20,085,374 128,637,903
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) ($) 0 18,235,273 18,439,881 18,558,801 18,652,258 18,734,612 18,808,694 18,846,464 18,649,474 18,506,423 18,870,020 19,002,100 19,101,068 19,187,131 19,265,199 19,320,771 19,222,457 18,908,565 19,298,862 19,448,922 19,551,800 19,638,690 19,717,171 19,781,514 19,748,591 19,370,748 19,703,287 19,885,953 19,995,575 20,085,374 128,637,903
Debt total payment ($) 0 11,577,990 11,577,990 11,577,990 11,577,990 11,577,990 11,577,990 11,577,990 11,577,990 11,577,990 11,577,990 11,577,990 11,577,990 11,577,990 11,577,990 11,577,990 11,577,990 11,577,990 11,577,990 11,577,990 11,577,990 11,577,990 11,577,990 11,577,990 11,577,990 11,577,990 11,577,990 11,577,990 11,577,990 11,577,990 11,577,990
DSCR (pre-tax) 0.0 1.57 1.59 1.60 1.61 1.62 1.62 1.63 1.61 1.60 1.63 1.64 1.65 1.66 1.66 1.67 1.66 1.63 1.67 1.68 1.69 1.70 1.70 1.71 1.71 1.67 1.70 1.72 1.73 1.73 11.11
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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