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*****************
***CASE REPORT***
*****************
Simulation Metadata
----------------------
GEOPHIRES Version: 3.12.1
Simulation Date: 2026-04-07
Simulation Time: 11:05
Calculation Time: 1.846 sec
***SUMMARY OF RESULTS***
End-Use Option: Cogeneration Topping Cycle, Heat sales considered as extra income
Average Net Electricity Production: 1017.22 MW
Average Direct-Use Heat Production: 300.41 MW
Electricity breakeven price: 9.81 cents/kWh
Direct-Use heat breakeven price (LCOH): 3.56 USD/MMBTU
Total CAPEX: 9472.20 MUSD
Electricity CAPEX ($/kWe): 8829 USD/kW
Heat CAPEX ($/kWth): 1105 USD/kW
Number of production wells: 114
Number of injection wells: 114
Flowrate per production well: 100.0 kg/sec
Well depth: 3.7 kilometer
Geothermal gradient: 55 degC/km
***ECONOMIC PARAMETERS***
Economic Model = SAM Single Owner PPA
Real Discount Rate: 12.00 %
Nominal Discount Rate: 15.02 %
WACC: 8.38 %
Investment Tax Credit: 3788.88 MUSD
Project lifetime: 30 yr
Capacity factor: 90.0 %
Project NPV: 288.48 MUSD
After-tax IRR: 18.93 %
Project VIR=PI=PIR: 1.12
Project MOIC: 2.38
Project Payback Period: 5.94 yr
CHP: Percent cost allocation for electrical plant: 96.48 %
***ENGINEERING PARAMETERS***
Number of Production Wells: 114
Number of Injection Wells: 114
Well depth: 3.7 kilometer
Water loss rate: 15.0 %
Pump efficiency: 80.0 %
Injection temperature: 49.7 degC
Production Wellbore heat transmission calculated with Ramey's model
Average production well temperature drop: 1.3 degC
Flowrate per production well: 100.0 kg/sec
Injection well casing ID: 8.500 in
Production well casing ID: 8.500 in
Number of times redrilling: 2
Power plant type: Supercritical ORC
***RESOURCE CHARACTERISTICS***
Maximum reservoir temperature: 500.0 degC
Number of segments: 1
Geothermal gradient: 55 degC/km
***RESERVOIR PARAMETERS***
Reservoir Model = Multiple Parallel Fractures Model (Gringarten)
Bottom-hole temperature: 204.60 degC
Fracture model = Rectangular
Well separation: fracture height: 95.00 meter
Fracture width: 305.00 meter
Fracture area: 28975.00 m**2
Reservoir volume calculated with fracture separation and number of fractures as input
Number of fractures: 23256
Fracture separation: 18.00 meter
Reservoir volume: 12128645250 m**3
Reservoir hydrostatic pressure: 35141.63 kPa
Plant outlet pressure: 6894.76 kPa
Production wellhead pressure: 2240.80 kPa
Productivity Index: 1.75 kg/sec/bar
Injectivity Index: 2.11 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: 201.3 degC
Average Production Temperature: 200.0 degC
Minimum Production Temperature: 190.6 degC
Initial Production Temperature: 199.2 degC
Average Reservoir Heat Extraction: 7126.41 MW
Production Wellbore Heat Transmission Model = Ramey Model
Average Production Well Temperature Drop: 1.3 degC
Average Injection Well Pump Pressure Drop: -1301.9 kPa
Average Production Well Pump Pressure Drop: 6157.5 kPa
***CAPITAL COSTS (M$)***
Exploration costs: 500.00 MUSD
Drilling and completion costs: 1278.62 MUSD
Drilling and completion costs per well: 5.61 MUSD
Stimulation costs: 1514.98 MUSD
Surface power plant costs: 4225.49 MUSD
of which Electrical Plant Cost: 4076.84 MUSD
of which Heat Plant Cost: 148.65 MUSD
Field gathering system costs: 68.88 MUSD
Transmission pipeline cost: 2.00 MUSD
Total surface equipment costs: 4296.38 MUSD
One-time Flat License Fees Etc: 100.00 MUSD
Total Add-on CAPEX: 562.00 MUSD
Overnight Capital Cost: 8251.98 MUSD
Inflation costs during construction: 1003.79 MUSD
Interest during construction: 216.43 MUSD
Total CAPEX: 9472.20 MUSD
***OPERATING AND MAINTENANCE COSTS (M$/yr)***
Wellfield maintenance costs: 14.57 MUSD/yr
Power plant maintenance costs: 66.66 MUSD/yr
Water costs: 44.89 MUSD/yr
Redrilling costs: 186.24 MUSD/yr
Total Add-on OPEX: 0.00 MUSD/yr
Total operating and maintenance costs: 312.37 MUSD/yr
***SURFACE EQUIPMENT SIMULATION RESULTS***
Initial geofluid availability: 0.19 MW/(kg/s)
Maximum Total Electricity Generation: 1133.31 MW
Average Total Electricity Generation: 1116.33 MW
Minimum Total Electricity Generation: 989.36 MW
Initial Total Electricity Generation: 1104.01 MW
Maximum Net Electricity Generation: 1035.05 MW
Average Net Electricity Generation: 1017.22 MW
Minimum Net Electricity Generation: 885.43 MW
Initial Net Electricity Generation: 1004.95 MW
Average Annual Total Electricity Generation: 8801.45 GWh
Average Annual Net Electricity Generation: 8020.12 GWh
Initial pumping power/net installed power: 9.86 %
Maximum Net Heat Production: 301.47 MW
Average Net Heat Production: 300.41 MW
Minimum Net Heat Production: 292.38 MW
Initial Net Heat Production: 299.65 MW
Average Annual Heat Production: 2368.45 GWh
Average Pumping Power: 99.10 MW
Heat to Power Conversion Efficiency: 14.97 %
************************************************************
* 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 199.15 99.0603 1004.9467 299.6478 14.8856
1 1.0077 200.68 98.8781 1026.0717 300.9533 15.0401
2 1.0091 200.96 98.8441 1030.0136 301.1962 15.0687
3 1.0099 201.11 98.8264 1032.0660 301.3225 15.0835
4 1.0103 201.21 98.8151 1033.4146 301.4056 15.0933
5 1.0107 201.27 98.8106 1034.2961 301.4600 15.0996
6 1.0107 201.28 98.8286 1034.3624 301.4653 15.1000
7 1.0100 201.13 98.9176 1032.2531 301.3398 15.0842
8 1.0074 200.63 99.1787 1025.0442 300.9080 15.0305
9 1.0014 199.43 99.7709 1008.0630 299.8868 14.9030
10 0.9898 197.12 100.8895 975.4586 297.9137 14.6537
11 0.9704 193.25 102.7147 921.5870 294.6166 14.2281
12 1.0055 200.25 98.7238 1020.3260 300.5861 14.9999
13 1.0084 200.83 98.6930 1028.2937 301.0799 15.0575
14 1.0095 201.04 98.6556 1031.1728 301.2565 15.0784
15 1.0101 201.16 98.6131 1032.8966 301.3609 15.0911
16 1.0105 201.24 98.5682 1034.0862 301.4319 15.0999
17 1.0107 201.29 98.5304 1034.7545 301.4711 15.1050
18 1.0105 201.25 98.5300 1034.1980 301.4365 15.1010
19 1.0092 200.98 98.6385 1030.4588 301.2110 15.0734
20 1.0054 200.24 98.9854 1019.8660 300.5738 14.9946
21 0.9974 198.63 99.7528 997.1333 299.2025 14.8231
22 0.9828 195.72 101.1403 956.2856 296.7204 14.5073
23 0.9596 191.10 103.3050 892.3046 292.7780 13.9923
24 1.0073 200.60 98.2855 1025.5331 300.8829 15.0407
25 1.0089 200.93 98.2711 1030.1273 301.1676 15.0738
26 1.0098 201.09 98.2602 1032.3555 301.3054 15.0898
27 1.0103 201.20 98.2525 1033.7867 301.3938 15.1001
28 1.0106 201.27 98.2498 1034.7477 301.4532 15.1070
29 1.0107 201.29 98.2653 1035.0061 301.4703 15.1088
*******************************************************************
* 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 2369.3 8034.8 56234.90 3952.76 4.87
2 2373.8 8107.2 56483.32 3749.42 9.77
3 2375.2 8129.4 56559.06 3545.81 14.67
4 2376.0 8142.4 56603.80 3342.04 19.57
5 2376.5 8151.2 56633.92 3138.15 24.48
6 2376.8 8155.5 56648.61 2934.22 29.38
7 2376.4 8148.8 56626.75 2730.36 34.29
8 2374.3 8114.5 56513.07 2526.92 39.19
9 2368.8 8022.7 56206.90 2324.57 44.06
10 2357.3 7831.2 55565.04 2124.54 48.87
11 2336.7 7493.6 54423.48 1928.61 53.59
12 2337.5 7512.8 54467.54 1732.53 58.30
13 2372.2 8083.2 56396.37 1529.50 63.19
14 2374.5 8119.6 56521.01 1326.03 68.09
15 2375.5 8137.0 56580.01 1122.34 72.99
16 2376.2 8148.3 56617.84 918.51 77.89
17 2376.7 8155.8 56642.53 714.60 82.80
18 2376.7 8157.1 56646.17 510.67 87.71
19 2375.8 8141.9 56595.23 306.93 92.61
20 2372.6 8088.4 56416.29 103.83 97.50
21 2364.9 7960.9 55989.55 -97.73 102.35
22 2350.0 7714.1 55159.43 -296.30 107.13
23 2324.8 7303.4 53763.56 -489.85 111.79
24 2360.6 7897.0 55751.27 -690.56 116.62
25 2373.5 8106.3 56464.12 -893.83 121.51
26 2375.0 8131.1 56549.43 -1097.41 126.41
27 2375.9 8145.1 56597.54 -1301.16 131.31
28 2376.4 8154.5 56629.76 -1505.02 136.22
29 2376.8 8159.7 56647.79 -1708.96 141.13
30 2376.6 8156.2 56636.89 -1912.85 146.03
***************************
* SAM CASH FLOW PROFILE *
***************************
---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Year -4 Year -3 Year -2 Year -1 Year 0 Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Year 8 Year 9 Year 10 Year 11 Year 12 Year 13 Year 14 Year 15 Year 16 Year 17 Year 18 Year 19 Year 20 Year 21 Year 22 Year 23 Year 24 Year 25 Year 26 Year 27 Year 28 Year 29 Year 30
CONSTRUCTION
Capital expenditure schedule [construction] (%) 2.68 2.68 2.68 46.0 46.0
Overnight capital expenditure [construction] ($) -221,197,430 -221,197,430 -221,197,430 -3,794,196,210 -3,794,196,210
plus:
Inflation cost [construction] ($) -5,972,331 -12,105,914 -18,405,104 -426,669,746 -540,633,127
plus:
Royalty supplemental payments [construction] ($) 0 0 0 0 0
equals:
Nominal capital expenditure [construction] ($) -227,169,760 -233,303,344 -239,602,534 -4,220,865,956 -4,334,829,337
Issuance of equity [construction] ($) 90,867,904 93,321,338 95,841,014 1,688,346,382 1,733,931,735
Issuance of debt [construction] ($) 136,301,856 139,982,006 143,761,520 2,532,519,574 2,600,897,602
Debt balance [construction] ($) 136,301,856 283,916,766 443,577,626 3,000,937,546 5,769,887,651
Debt interest payment [construction] ($) 0 7,632,904 15,899,339 24,840,347 168,052,503
Installed cost [construction] ($) -227,169,760 -240,936,248 -255,501,873 -4,245,706,303 -4,502,881,839
After-tax net cash flow [construction] ($) -90,867,904 -93,321,338 -95,841,014 -1,688,346,382 -1,733,931,735
ENERGY
Electricity to grid (kWh) 0.0 8,035,190,178 8,107,650,926 8,129,785,032 8,142,862,465 8,151,663,345 8,155,886,478 8,149,174,071 8,114,934,966 8,023,126,108 7,831,607,082 7,493,941,085 7,513,183,922 8,083,660,983 8,120,019,343 8,137,432,090 8,148,744,640 8,156,242,051 8,157,478,508 8,142,348,272 8,088,829,634 7,961,289,596 7,714,456,443 7,303,764,365 7,897,452,458 8,106,669,902 8,131,481,141 8,145,497,899 8,154,883,749 8,160,075,434 8,156,625,748
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 8,035,190,178 8,107,650,926 8,129,785,032 8,142,862,465 8,151,663,345 8,155,886,478 8,149,174,071 8,114,934,966 8,023,126,108 7,831,607,082 7,493,941,085 7,513,183,922 8,083,660,983 8,120,019,343 8,137,432,090 8,148,744,640 8,156,242,051 8,157,478,508 8,142,348,272 8,088,829,634 7,961,289,596 7,714,456,443 7,303,764,365 7,897,452,458 8,106,669,902 8,131,481,141 8,145,497,899 8,154,883,749 8,160,075,434 8,156,625,748
Heat provided (kWh) 0 2,369,334,002 2,373,805,535 2,375,168,952 2,375,974,120 2,376,516,393 2,376,780,703 2,376,387,308 2,374,341,027 2,368,830,039 2,357,276,431 2,336,728,519 2,337,521,459 2,372,240,406 2,374,484,034 2,375,546,030 2,376,226,852 2,376,671,375 2,376,736,880 2,375,819,978 2,372,599,078 2,364,917,622 2,349,975,622 2,324,849,961 2,360,628,714 2,373,459,934 2,374,995,563 2,375,861,535 2,376,441,500 2,376,765,933 2,376,569,801
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 ($) 0 763,343,067 770,226,838 776,963,556 782,854,797 788,347,362 793,404,637 797,396,683 798,671,899 794,209,253 779,714,801 750,368,321 756,577,621 818,632,348 826,942,770 833,354,420 839,157,723 844,578,864 849,356,662 852,422,441 851,430,207 842,543,278 820,818,166 781,283,674 849,292,037 876,412,083 883,729,370 889,895,645 895,569,333 900,790,727 905,059,193
Curtailment payment revenue ($) 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
Add-On revenue ($) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
plus:
Heat price ($/kWh) 0.0 0.04 0.04 0.04 0.04 0.04 0.04 0.04 0.04 0.04 0.04 0.04 0.04 0.04 0.04 0.04 0.04 0.04 0.04 0.04 0.04 0.04 0.04 0.04 0.04 0.04 0.04 0.04 0.04 0.04 0.04
Heat revenue ($) 0 106,620,030 106,821,249 106,882,603 106,918,835 106,943,238 106,955,132 106,937,429 106,845,346 106,597,352 106,077,439 105,152,783 105,188,466 106,750,818 106,851,782 106,899,571 106,930,208 106,950,212 106,953,160 106,911,899 106,766,958 106,421,293 105,748,903 104,618,248 106,228,292 106,805,697 106,874,800 106,913,769 106,939,868 106,954,467 106,945,641
equals:
Capacity payment revenue ($) 0 106,620,030 106,821,249 106,882,603 106,918,835 106,943,238 106,955,132 106,937,429 106,845,346 106,597,352 106,077,439 105,152,783 105,188,466 106,750,818 106,851,782 106,899,571 106,930,208 106,950,212 106,953,160 106,911,899 106,766,958 106,421,293 105,748,903 104,618,248 106,228,292 106,805,697 106,874,800 106,913,769 106,939,868 106,954,467 106,945,641
Salvage value ($) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 4,736,098,012
Total revenue ($) 0 869,963,097 877,048,087 883,846,159 889,773,632 895,290,600 900,359,769 904,334,112 905,517,245 900,806,605 885,792,240 855,521,104 861,766,087 925,383,166 933,794,552 940,253,991 946,087,931 951,529,076 956,309,822 959,334,340 958,197,165 948,964,571 926,567,069 885,901,922 955,520,329 983,217,780 990,604,170 996,809,414 1,002,509,201 1,007,745,194 5,748,102,846
Property tax net assessed value ($) 0 9,472,196,023 9,472,196,023 9,472,196,023 9,472,196,023 9,472,196,023 9,472,196,023 9,472,196,023 9,472,196,023 9,472,196,023 9,472,196,023 9,472,196,023 9,472,196,023 9,472,196,023 9,472,196,023 9,472,196,023 9,472,196,023 9,472,196,023 9,472,196,023 9,472,196,023 9,472,196,023 9,472,196,023 9,472,196,023 9,472,196,023 9,472,196,023 9,472,196,023 9,472,196,023 9,472,196,023 9,472,196,023 9,472,196,023 9,472,196,023
OPERATING EXPENSES
O&M fixed expense ($) 0 312,367,588 312,367,588 312,367,588 312,367,588 312,367,588 312,367,588 312,367,588 312,367,588 312,367,588 312,367,588 312,367,588 312,367,588 312,367,588 312,367,588 312,367,588 312,367,588 312,367,588 312,367,588 312,367,588 312,367,588 312,367,588 312,367,588 312,367,588 312,367,588 312,367,588 312,367,588 312,367,588 312,367,588 312,367,588 312,367,588
O&M production-based expense ($) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
O&M capacity-based expense ($) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Fuel expense ($) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Electricity purchase ($) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Property tax expense ($) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Insurance expense ($) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Total operating expenses ($) 0 312,367,588 312,367,588 312,367,588 312,367,588 312,367,588 312,367,588 312,367,588 312,367,588 312,367,588 312,367,588 312,367,588 312,367,588 312,367,588 312,367,588 312,367,588 312,367,588 312,367,588 312,367,588 312,367,588 312,367,588 312,367,588 312,367,588 312,367,588 312,367,588 312,367,588 312,367,588 312,367,588 312,367,588 312,367,588 312,367,588
EBITDA ($) 0 557,595,509 564,680,499 571,478,571 577,406,045 582,923,012 587,992,181 591,966,524 593,149,658 588,439,018 573,424,652 543,153,516 549,398,499 613,015,578 621,426,964 627,886,404 633,720,343 639,161,489 643,942,234 646,966,752 645,829,578 636,596,983 614,199,481 573,534,334 643,152,742 670,850,192 678,236,583 684,441,827 690,141,614 695,377,606 5,435,735,258
OPERATING ACTIVITIES
EBITDA ($) 0 557,595,509 564,680,499 571,478,571 577,406,045 582,923,012 587,992,181 591,966,524 593,149,658 588,439,018 573,424,652 543,153,516 549,398,499 613,015,578 621,426,964 627,886,404 633,720,343 639,161,489 643,942,234 646,966,752 645,829,578 636,596,983 614,199,481 573,534,334 643,152,742 670,850,192 678,236,583 684,441,827 690,141,614 695,377,606 5,435,735,258
Interest earned on reserves ($) 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 ($) 0 323,113,708 318,730,001 314,100,806 309,212,376 304,050,193 298,598,929 292,842,394 286,763,493 280,344,173 273,565,371 266,406,957 258,847,671 250,865,066 242,435,434 233,533,743 224,133,558 214,206,962 203,724,476 192,654,972 180,965,575 168,621,572 155,586,304 141,821,062 127,284,967 111,934,849 95,725,126 78,607,658 60,531,611 41,443,306 21,286,056
Cash flow from operating activities ($) 0 234,481,801 245,950,498 257,377,765 268,193,669 278,872,819 289,393,252 299,124,130 306,386,165 308,094,845 299,859,281 276,746,559 290,550,828 362,150,512 378,991,530 394,352,660 409,586,786 424,954,527 440,217,758 454,311,780 464,864,003 467,975,411 458,613,176 431,713,272 515,867,775 558,915,343 582,511,457 605,834,169 629,610,002 653,934,300 5,414,449,202
INVESTING ACTIVITIES
Total installed cost ($) -9,472,196,023
Debt closing costs ($) 0
Debt up-front fee ($) 0
minus:
Total IBI income ($) 0
Total CBI income ($) 0
equals:
Purchase of property ($) -9,472,196,023
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 ($) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
equals:
Cash flow from investing activities ($) -9,472,196,023 0 0 0 0 0 0 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 ($) 3,702,308,372
Size of debt ($) 5,769,887,651
minus:
Debt principal payment ($) 0 78,280,492 82,664,200 87,293,395 92,181,825 97,344,007 102,795,272 108,551,807 114,630,708 121,050,028 127,828,829 134,987,244 142,546,529 150,529,135 158,958,767 167,860,457 177,260,643 187,187,239 197,669,724 208,739,229 220,428,626 232,772,629 245,807,896 259,573,138 274,109,234 289,459,351 305,669,075 322,786,543 340,862,589 359,950,894 380,108,145
equals:
Cash flow from financing activities ($) 9,472,196,023 -78,280,492 -82,664,200 -87,293,395 -92,181,825 -97,344,007 -102,795,272 -108,551,807 -114,630,708 -121,050,028 -127,828,829 -134,987,244 -142,546,529 -150,529,135 -158,958,767 -167,860,457 -177,260,643 -187,187,239 -197,669,724 -208,739,229 -220,428,626 -232,772,629 -245,807,896 -259,573,138 -274,109,234 -289,459,351 -305,669,075 -322,786,543 -340,862,589 -359,950,894 -380,108,145
PROJECT RETURNS
Pre-tax Cash Flow:
Cash flow from operating activities ($) 0 234,481,801 245,950,498 257,377,765 268,193,669 278,872,819 289,393,252 299,124,130 306,386,165 308,094,845 299,859,281 276,746,559 290,550,828 362,150,512 378,991,530 394,352,660 409,586,786 424,954,527 440,217,758 454,311,780 464,864,003 467,975,411 458,613,176 431,713,272 515,867,775 558,915,343 582,511,457 605,834,169 629,610,002 653,934,300 5,414,449,202
Cash flow from investing activities ($) -9,472,196,023 0 0 0 0 0 0 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 ($) 9,472,196,023 -78,280,492 -82,664,200 -87,293,395 -92,181,825 -97,344,007 -102,795,272 -108,551,807 -114,630,708 -121,050,028 -127,828,829 -134,987,244 -142,546,529 -150,529,135 -158,958,767 -167,860,457 -177,260,643 -187,187,239 -197,669,724 -208,739,229 -220,428,626 -232,772,629 -245,807,896 -259,573,138 -274,109,234 -289,459,351 -305,669,075 -322,786,543 -340,862,589 -359,950,894 -380,108,145
Total pre-tax cash flow ($) 0 156,201,309 163,286,299 170,084,370 176,011,844 181,528,812 186,597,980 190,572,323 191,755,457 187,044,817 172,030,452 141,759,315 148,004,299 211,621,377 220,032,764 226,492,203 232,326,143 237,767,288 242,548,034 245,572,551 244,435,377 235,202,783 212,805,280 172,140,134 241,758,541 269,455,992 276,842,382 283,047,626 288,747,413 293,983,406 5,034,341,057
Pre-tax Returns:
Issuance of equity ($) 3,702,308,372
Total pre-tax cash flow ($) 0 156,201,309 163,286,299 170,084,370 176,011,844 181,528,812 186,597,980 190,572,323 191,755,457 187,044,817 172,030,452 141,759,315 148,004,299 211,621,377 220,032,764 226,492,203 232,326,143 237,767,288 242,548,034 245,572,551 244,435,377 235,202,783 212,805,280 172,140,134 241,758,541 269,455,992 276,842,382 283,047,626 288,747,413 293,983,406 5,034,341,057
Total pre-tax returns ($) -3,702,308,372 156,201,309 163,286,299 170,084,370 176,011,844 181,528,812 186,597,980 190,572,323 191,755,457 187,044,817 172,030,452 141,759,315 148,004,299 211,621,377 220,032,764 226,492,203 232,326,143 237,767,288 242,548,034 245,572,551 244,435,377 235,202,783 212,805,280 172,140,134 241,758,541 269,455,992 276,842,382 283,047,626 288,747,413 293,983,406 5,034,341,057
After-tax Returns:
Total pre-tax returns ($) -3,702,308,372 156,201,309 163,286,299 170,084,370 176,011,844 181,528,812 186,597,980 190,572,323 191,755,457 187,044,817 172,030,452 141,759,315 148,004,299 211,621,377 220,032,764 226,492,203 232,326,143 237,767,288 242,548,034 245,572,551 244,435,377 235,202,783 212,805,280 172,140,134 241,758,541 269,455,992 276,842,382 283,047,626 288,747,413 293,983,406 5,034,341,057
Federal ITC total income ($) 0 3,788,878,409 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Federal PTC income ($) 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) ($) 0 -8,795,898 25,962,663 23,730,918 21,618,572 19,532,934 17,478,293 15,577,853 14,159,577 13,825,872 15,434,278 19,948,192 17,252,219 3,268,800 -20,250 -3,020,279 -5,995,504 -8,996,824 -11,977,733 -14,730,295 -16,791,144 -54,397,200 -89,567,153 -84,313,602 -100,748,976 -109,156,166 -113,764,488 -118,319,413 -122,962,833 -127,713,369 -1,057,441,929
State ITC total income ($) 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 -3,152,652 9,305,614 8,505,705 7,748,592 7,001,052 6,264,621 5,583,460 5,075,117 4,955,510 5,531,999 7,149,890 6,183,591 1,171,613 -7,258 -1,082,537 -2,148,926 -3,224,668 -4,293,094 -5,279,676 -6,018,331 -19,497,204 -32,102,922 -30,219,929 -36,110,744 -39,124,074 -40,775,802 -42,408,392 -44,072,700 -45,775,401 -379,011,444
Total after-tax returns ($) -3,702,308,372 3,933,131,168 198,554,576 202,320,993 205,379,008 208,062,797 210,340,895 211,733,636 210,990,152 205,826,199 192,996,729 168,857,397 171,440,108 216,061,791 220,005,255 222,389,386 224,181,713 225,545,796 226,277,207 225,562,580 221,625,901 161,308,378 91,135,204 57,606,603 104,898,820 121,175,751 122,302,093 122,319,821 121,711,879 120,494,636 3,597,887,684
After-tax net cash flow ($) -90,867,904 -93,321,338 -95,841,014 -1,688,346,382 -1,733,931,735 3,933,131,168 198,554,576 202,320,993 205,379,008 208,062,797 210,340,895 211,733,636 210,990,152 205,826,199 192,996,729 168,857,397 171,440,108 216,061,791 220,005,255 222,389,386 224,181,713 225,545,796 226,277,207 225,562,580 221,625,901 161,308,378 91,135,204 57,606,603 104,898,820 121,175,751 122,302,093 122,319,821 121,711,879 120,494,636 3,597,887,684
After-tax cumulative IRR (%) NaN NaN NaN NaN NaN 3.63 6.47 8.92 10.94 12.58 13.87 14.90 15.70 16.32 16.78 17.11 17.38 17.65 17.88 18.07 18.22 18.34 18.45 18.53 18.60 18.64 18.66 18.67 18.69 18.71 18.72 18.73 18.74 18.75 18.93
After-tax cumulative NPV ($) -90,867,904 -171,999,962 -244,439,299 -1,353,859,712 -2,344,413,653 -390,991,544 -305,258,331 -229,309,396 -162,282,622 -103,249,162 -51,364,492 -5,958,128 33,378,813 66,740,699 93,937,099 114,623,889 132,883,729 152,890,364 170,601,265 186,165,694 199,806,212 211,737,214 222,143,472 231,161,930 238,865,594 243,740,265 246,134,606 247,450,387 249,533,408 251,625,352 253,460,960 255,057,039 256,437,748 257,626,109 288,475,013
AFTER-TAX LCOE AND PPA PRICE
Annual costs ($) -90,867,904 -93,321,338 -95,841,014 -1,688,346,382 -1,733,931,735 3,063,168,071 -678,493,511 -681,525,165 -684,394,625 -687,227,803 -690,018,874 -692,600,476 -694,527,094 -694,980,406 -692,795,511 -686,663,706 -690,325,979 -709,321,375 -713,789,297 -717,864,605 -721,906,218 -725,983,280 -730,032,615 -733,771,760 -736,571,264 -787,656,193 -835,431,864 -828,295,319 -850,621,509 -862,042,029 -868,302,078 -874,489,593 -880,797,322 -887,250,558 2,585,882,850
PPA revenue ($) 0 0 0 0 0 763,343,067 770,226,838 776,963,556 782,854,797 788,347,362 793,404,637 797,396,683 798,671,899 794,209,253 779,714,801 750,368,321 756,577,621 818,632,348 826,942,770 833,354,420 839,157,723 844,578,864 849,356,662 852,422,441 851,430,207 842,543,278 820,818,166 781,283,674 849,292,037 876,412,083 883,729,370 889,895,645 895,569,333 900,790,727 905,059,193
Electricity to grid (kWh) 0 0 0 0 0 8,035,190,178 8,107,650,926 8,129,785,032 8,142,862,465 8,151,663,345 8,155,886,478 8,149,174,071 8,114,934,966 8,023,126,108 7,831,607,082 7,493,941,085 7,513,183,922 8,083,660,983 8,120,019,343 8,137,432,090 8,148,744,640 8,156,242,051 8,157,478,508 8,142,348,272 8,088,829,634 7,961,289,596 7,714,456,443 7,303,764,365 7,897,452,458 8,106,669,902 8,131,481,141 8,145,497,899 8,154,883,749 8,160,075,434 8,156,625,748
Present value of annual costs ($) 3,068,038,804
Present value of annual energy costs ($) 2,960,105,234
Present value of annual energy nominal (kWh) 30,167,357,656
LCOE Levelized cost of energy nominal (cents/kWh) 9.81
Present value of PPA revenue ($) 2,956,972,031
Present value of annual energy nominal (kWh) 30,167,357,656
LPPA Levelized PPA price nominal (cents/kWh) 9.80
Present value of annual heat costs ($) 107,933,570
Present value of annual heat provided (MMBTU) 30,295,399
LCOH Levelized cost of heating nominal ($/MMBTU) 3.56
PROJECT STATE INCOME TAXES
EBITDA ($) 0 557,595,509 564,680,499 571,478,571 577,406,045 582,923,012 587,992,181 591,966,524 593,149,658 588,439,018 573,424,652 543,153,516 549,398,499 613,015,578 621,426,964 627,886,404 633,720,343 639,161,489 643,942,234 646,966,752 645,829,578 636,596,983 614,199,481 573,534,334 643,152,742 670,850,192 678,236,583 684,441,827 690,141,614 695,377,606 5,435,735,258
State taxable PBI income ($) 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 ($) 0
minus:
Debt interest payment ($) 0 323,113,708 318,730,001 314,100,806 309,212,376 304,050,193 298,598,929 292,842,394 286,763,493 280,344,173 273,565,371 266,406,957 258,847,671 250,865,066 242,435,434 233,533,743 224,133,558 214,206,962 203,724,476 192,654,972 180,965,575 168,621,572 155,586,304 141,821,062 127,284,967 111,934,849 95,725,126 78,607,658 60,531,611 41,443,306 21,286,056
Total state tax depreciation ($) 0 189,443,920 378,887,841 378,887,841 378,887,841 378,887,841 378,887,841 378,887,841 378,887,841 378,887,841 378,887,841 378,887,841 378,887,841 378,887,841 378,887,841 378,887,841 378,887,841 378,887,841 378,887,841 378,887,841 378,887,841 189,443,920 0 0 0 0 0 0 0 0 0
equals:
State taxable income ($) 0 45,037,880 -132,937,343 -121,510,076 -110,694,172 -100,015,022 -89,494,589 -79,763,711 -72,501,676 -70,792,996 -79,028,560 -102,141,282 -88,337,013 -16,737,329 103,689 15,464,819 30,698,945 46,066,686 61,329,917 75,423,939 85,976,162 278,531,491 458,613,176 431,713,272 515,867,775 558,915,343 582,511,457 605,834,169 629,610,002 653,934,300 5,414,449,202
State income tax rate (frac) 0.0 0.07 0.07 0.07 0.07 0.07 0.07 0.07 0.07 0.07 0.07 0.07 0.07 0.07 0.07 0.07 0.07 0.07 0.07 0.07 0.07 0.07 0.07 0.07 0.07 0.07 0.07 0.07 0.07 0.07 0.07
State tax benefit (liability) ($) 0 -3,152,652 9,305,614 8,505,705 7,748,592 7,001,052 6,264,621 5,583,460 5,075,117 4,955,510 5,531,999 7,149,890 6,183,591 1,171,613 -7,258 -1,082,537 -2,148,926 -3,224,668 -4,293,094 -5,279,676 -6,018,331 -19,497,204 -32,102,922 -30,219,929 -36,110,744 -39,124,074 -40,775,802 -42,408,392 -44,072,700 -45,775,401 -379,011,444
PROJECT FEDERAL INCOME TAXES
EBITDA ($) 0 557,595,509 564,680,499 571,478,571 577,406,045 582,923,012 587,992,181 591,966,524 593,149,658 588,439,018 573,424,652 543,153,516 549,398,499 613,015,578 621,426,964 627,886,404 633,720,343 639,161,489 643,942,234 646,966,752 645,829,578 636,596,983 614,199,481 573,534,334 643,152,742 670,850,192 678,236,583 684,441,827 690,141,614 695,377,606 5,435,735,258
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 -3,152,652 9,305,614 8,505,705 7,748,592 7,001,052 6,264,621 5,583,460 5,075,117 4,955,510 5,531,999 7,149,890 6,183,591 1,171,613 -7,258 -1,082,537 -2,148,926 -3,224,668 -4,293,094 -5,279,676 -6,018,331 -19,497,204 -32,102,922 -30,219,929 -36,110,744 -39,124,074 -40,775,802 -42,408,392 -44,072,700 -45,775,401 -379,011,444
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 ($) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
minus:
Debt interest payment ($) 0 323,113,708 318,730,001 314,100,806 309,212,376 304,050,193 298,598,929 292,842,394 286,763,493 280,344,173 273,565,371 266,406,957 258,847,671 250,865,066 242,435,434 233,533,743 224,133,558 214,206,962 203,724,476 192,654,972 180,965,575 168,621,572 155,586,304 141,821,062 127,284,967 111,934,849 95,725,126 78,607,658 60,531,611 41,443,306 21,286,056
Total federal tax depreciation ($) 0 189,443,920 378,887,841 378,887,841 378,887,841 378,887,841 378,887,841 378,887,841 378,887,841 378,887,841 378,887,841 378,887,841 378,887,841 378,887,841 378,887,841 378,887,841 378,887,841 378,887,841 378,887,841 378,887,841 378,887,841 189,443,920 0 0 0 0 0 0 0 0 0
equals:
Federal taxable income ($) 0 41,885,229 -123,631,729 -113,004,371 -102,945,580 -93,013,970 -83,229,968 -74,180,251 -67,426,559 -65,837,487 -73,496,561 -94,991,392 -82,153,422 -15,565,716 96,431 14,382,282 28,550,019 42,842,018 57,036,823 70,144,264 79,957,831 259,034,287 426,510,254 401,493,343 479,757,031 519,791,269 541,735,655 563,425,777 585,537,302 608,158,899 5,035,437,758
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) ($) 0 -8,795,898 25,962,663 23,730,918 21,618,572 19,532,934 17,478,293 15,577,853 14,159,577 13,825,872 15,434,278 19,948,192 17,252,219 3,268,800 -20,250 -3,020,279 -5,995,504 -8,996,824 -11,977,733 -14,730,295 -16,791,144 -54,397,200 -89,567,153 -84,313,602 -100,748,976 -109,156,166 -113,764,488 -118,319,413 -122,962,833 -127,713,369 -1,057,441,929
CASH INCENTIVES
Federal IBI income ($) 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 3,788,878,409 0 0 0 0 0 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 ($) 0 3,788,878,409 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
State ITC amount income ($) 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 ($) 5,769,887,651 5,691,607,159 5,608,942,959 5,521,649,564 5,429,467,739 5,332,123,732 5,229,328,460 5,120,776,653 5,006,145,945 4,885,095,918 4,757,267,088 4,622,279,845 4,479,733,315 4,329,204,180 4,170,245,414 4,002,384,957 3,825,124,313 3,637,937,074 3,440,267,350 3,231,528,121 3,011,099,495 2,778,326,866 2,532,518,970 2,272,945,832 1,998,836,597 1,709,377,246 1,403,708,171 1,080,921,628 740,059,039 380,108,145 0
Debt interest payment ($) 0 323,113,708 318,730,001 314,100,806 309,212,376 304,050,193 298,598,929 292,842,394 286,763,493 280,344,173 273,565,371 266,406,957 258,847,671 250,865,066 242,435,434 233,533,743 224,133,558 214,206,962 203,724,476 192,654,972 180,965,575 168,621,572 155,586,304 141,821,062 127,284,967 111,934,849 95,725,126 78,607,658 60,531,611 41,443,306 21,286,056
Debt principal payment ($) 0 78,280,492 82,664,200 87,293,395 92,181,825 97,344,007 102,795,272 108,551,807 114,630,708 121,050,028 127,828,829 134,987,244 142,546,529 150,529,135 158,958,767 167,860,457 177,260,643 187,187,239 197,669,724 208,739,229 220,428,626 232,772,629 245,807,896 259,573,138 274,109,234 289,459,351 305,669,075 322,786,543 340,862,589 359,950,894 380,108,145
Debt total payment ($) 0 401,394,201 401,394,201 401,394,201 401,394,201 401,394,201 401,394,201 401,394,201 401,394,201 401,394,201 401,394,201 401,394,201 401,394,201 401,394,201 401,394,201 401,394,201 401,394,201 401,394,201 401,394,201 401,394,201 401,394,201 401,394,201 401,394,201 401,394,201 401,394,201 401,394,201 401,394,201 401,394,201 401,394,201 401,394,201 401,394,201
DSCR (DEBT FRACTION)
EBITDA ($) 0 557,595,509 564,680,499 571,478,571 577,406,045 582,923,012 587,992,181 591,966,524 593,149,658 588,439,018 573,424,652 543,153,516 549,398,499 613,015,578 621,426,964 627,886,404 633,720,343 639,161,489 643,942,234 646,966,752 645,829,578 636,596,983 614,199,481 573,534,334 643,152,742 670,850,192 678,236,583 684,441,827 690,141,614 695,377,606 5,435,735,258
minus:
Reserves major equipment 1 funding ($) 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 ($) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
equals:
Cash available for debt service (CAFDS) ($) 0 557,595,509 564,680,499 571,478,571 577,406,045 582,923,012 587,992,181 591,966,524 593,149,658 588,439,018 573,424,652 543,153,516 549,398,499 613,015,578 621,426,964 627,886,404 633,720,343 639,161,489 643,942,234 646,966,752 645,829,578 636,596,983 614,199,481 573,534,334 643,152,742 670,850,192 678,236,583 684,441,827 690,141,614 695,377,606 5,435,735,258
Debt total payment ($) 0 401,394,201 401,394,201 401,394,201 401,394,201 401,394,201 401,394,201 401,394,201 401,394,201 401,394,201 401,394,201 401,394,201 401,394,201 401,394,201 401,394,201 401,394,201 401,394,201 401,394,201 401,394,201 401,394,201 401,394,201 401,394,201 401,394,201 401,394,201 401,394,201 401,394,201 401,394,201 401,394,201 401,394,201 401,394,201 401,394,201
DSCR (pre-tax) 0.0 1.39 1.41 1.42 1.44 1.45 1.46 1.47 1.48 1.47 1.43 1.35 1.37 1.53 1.55 1.56 1.58 1.59 1.60 1.61 1.61 1.59 1.53 1.43 1.60 1.67 1.69 1.71 1.72 1.73 13.54
RESERVES
Reserves working capital funding ($) 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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