### Individual	Owner	Scenarios

IOUs	Only	cash	flow	case	combines	the	NGS	ownership	of	APS,	NV	Energy,	and	TEP. Capital	Recovery	rates	are	applied	to	annal	book	value	to	represent	revenue	requirements	for	individual	owners	and	total	plant	scenarios	due	to	borrowing	costs	&	allowed	rate	of	return,	as	applicable	(IOUs) LADWP	Capital	Recovery	rates	assumed	to	equal	SRP	Cash	Flow	Case	rates	to	facilitate	Total	Plant	Scenario	below	which	assumes	another	POU	obtains	the	DWP	share	of	NGS

**NPV	$	millions**

**Existing Plant**  **Increm.**

**Plant BAU**  **SNCR SCR**  BOR	Share	Only 24% 7.00% 2.4% 6.5% 1,826 $ 60

$ 136

$ SRP	Only 22% 7.00% 7.0% 7.0% 1,728 $ 54

$ 125

$ IOUs	Only 33% 7.00% 14.9% 14.9% 2,796 $ 88

$ 265

$ LADWP 21% 7.00% 7.0% 7.0% 100%



### Total	Plant	Scenarios Scenarios	assume	LADWP's	share	of	NGS	is	either	fully	owened	by	another	publicly	owned	utility	(POU)	or	an	investor	owned	utility	(IOU)	and	all	other	Shares	continue	at	current	ownership	percentages Capital	Recovery	rates	are	weighted	averages	from	the	Individual	Owner	Scenarios	above,	modified	based	on	the	assumption	that	LADWP's	share	is	fully	owned	by	either	a	POU	or	an	IOU

**NPV	$	millions Existing**  **Plant Increm.** 

**Plant BAU**  **SNCR SCR**  100% 7.00% 8.5% 9.5% 7,766 $ 8,021

$ 8,414

$



### Total	Plant	w	DWP	Share	to	POU 255 $ 648

$

**NPV	$	millions**
**Existing Plant**  **Increm.**

**Plant BAU**  **SNCR SCR**  100% 7.00% 10.2% 11.2% 7,915 $ 8,174

$ 8,613

$



### Total	Plant	w	DWP	Share	to	IOU 259 $ 698

$ **NPV	by	Case ($	million)** 

**NPV	by	Case ($	million)**  **SCR	NPV Vs.	BAU	NPV**  **($	million)**

**SCR	NPV Vs.	BAU	NPV**  **($	million) Cash	Flow	Case**  **Share**

**of	Plant Discount** 

**Rate Capital	Recovery** 

**Rates Incremental	NPV	2012-2036**  **Case	Vs.	BAU ($	million)** 

**Total	Plant	w	DWP Share	to	IOU**  **Share**

**of	Plant Discount** 

**Rate Capital	Recovery** 

**Rates Total	Plant	w	DWP**  **Share	to	POU Share** 

**of	Plant Discount** 

**Rate Capital	Recovery** 

**Rates**



## NPV	of	T **otal Plant		Cases	Based	on	LAD**  **WP	Shar e	Assumed**  **to be	Owned	by	POU	or	IOU**  **($	million)**$7,766 $8,021 $8,414 $7,915 $8,174

$- $1,000 $2,000 $3,000 $4,000 $5,000 $6,000 $7,000 $8,000 $9,000 $10,000

BAU SNCR SCR 

## ($	million)

Total	Plant	w	DWP	Share	to	POU Total	Plant	w	DWP	Share	to	IOUCapital	Recovery	rates	are	applied	to	annal	book	value	to	represent	revenue	requirements	for	individual	owners	and	total	plant	scenarios	due	to	borrowing	costs	&	allowed	rate	of	return,	as	applicable	(IOUs) LADWP	Capital	Recovery	rates	assumed	to	equal	SRP	Cash	Flow	Case	rates	to	facilitate	Total	Plant	Scenario	below	which	assumes	another	POU	obtains	the	DWP	share	of	NGS

**Low Market**  **BAU SNCR**  **SCR $/AF**  **Change	in CAP	Rate**  **(SCR) %	Change** 

**in CAP	Rate**  **(SCR) %	Change	in** 

**CAP	Rate (SNCR)**  **%	Change	in**

**SRP	Rate (SCR)**  151 $ 32.69

$ 34.35

$ 37.34

$ 8.40

$ 14.5% 5.2% 87 $ 34.91

$ 36.58

$ 39.72

$ **0.66%** 78 $ 38.78

$ 40.65

$ 46.14

$

Scenarios	assume	LADWP's	share	of	NGS	is	either	fully	owened	by	another	publicly	owned	utility	(POU)	or	an	investor	owned	utility	(IOU)	and	all	other	Shares	continue	at	current	ownership	percentages Capital	Recovery	rates	are	weighted	averages	from	the	Individual	Owner	Scenarios	above,	modified	based	on	the	assumption	that	LADWP's	share	is	fully	owned	by	either	a	POU	or	an	IOU

**Low Market**  **BAU SNCR**  **SCR SNCR**  **SCR** 8,439 $ 35.64

$ 37.37

$ 41.25

$ 1.73

$ 5.60

$

673 $ **4.9% 15.7%** 

**Low Market**  **BAU SNCR**  **SCR SNCR**  **SCR** 8,523 $ 36.46

$ 38.24

$ 42.61

$ 1.78

$ 6.15

$

608 $ **4.9% 16.9%**  **NPV	by	Case ($	million)** 

**NPV	by	Case ($	million)**  **Vs.	BAU	NPV ($	million)** 

**DATE	OF	MARKET	PRICES	RUNNING	IN	MODEL Vs.	BAU	NPV**  **($	million) 2018	Incremental**  **$/MWh	for	Total Plant	Cost** 

**2018	Incremental $/MWh	for	Total**  **Plant	Cost**

%	Greater	than	BAU

>> %	Greater	than	BAU

>> **2018	Total	Cost	of	Power by	Cash	Flow	Case**  **($/MWh)**

**2018	Total	Cost	of	Power by	Cash	Flow	Case**  **($/MWh) Impact	of	SCR	(or	SNCR)	Incremental	Costs	in	2018** 

**on Estimated	2018	CAP	Energy	1	Water	Pumping	Rate** 

**and	SRP	Average	Electric	Rate 2018	Total	Cost	of	Power**  **by	Cash	Flow	Case ($/MWh)**  **Incremental	NPV	2012-2036 Case	Vs.	BAU**  **($	million)**



## NPV	of	T **otal Plant		Cases	Based	on	LAD**  **WP	Shar e	Assumed**  **to be	Owned	by	POU	or	IOU** 

### 2012	YTD	AVG	11/27/12

$8,439 $8,613 $8,523

SCR Low	Market 

### Total	Plant	w	DWP	Share	to	IOU0.5 0.6 0.7 0.8 0.9 1 

# BOR Only 35 Y **r NPV s** 0 0.1 0.2 0.3 0.4 0.5

0 0.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 

# BOR Only 25 Y **r NPV s** E C/R Energy Strategies E.N. 1109 **FOUR CORNERS POWER PLANT SCR COST ECONOMIC ANALYSIS**

**Item Description Units**  **Inputs Source Information & Comments**  **User Notes**

**Base Case** Plant as of 2011 Capital Expense (CAPEX) Base Capital refers to plant already in service as of 2009 & expected investment by 2011. Does NOT include life extending investments Installed Cost (2009) $0 1,776,816,350 $ FERC F-1 2009 Accumulated Depreciation $0 623,898,593 $ Calculated: Annual Depreciation Expense x Years in Service Years In Service Yrs 37.0 Calculated: "Plant Profile". Avg plant installed life through 2009 Estimated Useful Life Yrs 60 Estimated based on years necessary for plant in service to deplete to near zero with life of pollution controls investments Remaining Useful Life Yrs 23 Calculated: Estimate Useful Life - Years In Service Annual Depreciation Expense $0 43,397,584 $ Calculated: Installed Cost / Estimated Useful Life. Results in straight line depreciation expense Starting Ratebase $0 1,152,917,757 $ Calculated 2010 Ratebase Rate Base escalator test % 0% Escalation factor to test sensitivity of higher starting rate base for BAU Case & by connection all retrofit cases as well Currently disabled

INSERT > > Estimated Additional CAPEX $ $0 Annual Plant in Service "adder" starting in 2012. Proxy for Life Extension investments annualized

Net Energy Produced MWh/Yr 16,951,775 Based on 2011 EIA Data as filed by SRP Net Plant MW 2250 **SNCR**
**CASE 'ON / OFF' SWITCH on**  Type "OFF" to switch off this Case's incremental costs Using switch will replace CAPEX and OPEX with $0 - effectively removing the case

Capital Expense (CAPEX) **Units Selected 1,2,3,**  **Reports out the units selected for SNCR comparison**
"ON" or blank on Unit 1 1, $0 13,066,667 $ NA See "Project Cost Data" tab for inputs "ON" or blank on Unit 2 2, $0 13,066,667 $ NA See "Project Cost Data" tab for inputs "ON" or blank on Unit 3 3, $0 13,066,667 $ NA See "Project Cost Data" tab for inputs Total **39,200,000 $**  Amortization Period 20 year period 20 Basis for straight line depreciation expense. Creates annual depreciation expense. See depreciation table tabs 30 year period 30 Basis for straight line depreciation expense. Creates annual depreciation expense. See depreciation table tabs

Cost Estimate Error Percentage 0% User defined % + or - original cost estimate User defined adjustor to baseline 2012$ cost estimates. Adjusts all costs equally. **20 Year Amortization**

Depreciation Expense Unit 1 $ per Year 757,392 $ Calculated value See "Depreciation Worksheet" tab Unit 2 $ per Year 735,332 $ Calculated value See "Depreciation Worksheet" tab Unit 3 $ per Year 780,114 $ Calculated value See "Depreciation Worksheet" tab Total **2,272,839 $** 

Operating Expense (OPEX) Unit 1 $0 6,333,333 $ See "Project Cost Data" tab Unit 2 $0 6,333,333 $ See "Project Cost Data" tab Unit 3 $0 6,333,333 $ See "Project Cost Data" tab Total **19,000,000 $**  Plant Efficiency Impacts Reduction in Output Due to Project Percentage 0% Reduction in plant efficiency (MWh output) by percentage Currently disabled

**Capital Equipment Installation Schedule**

**2018 Compliance Year**

Unit Number Unit 1 SNCR & SCR Year 2017 Year adjustments must be combined with manipulation of Cash Flow sheets Unit 2 SNCR & SCR Year 2016 Year adjustments must be combined with manipulation of Cash Flow sheets Unit 3 SNCR & SCR Year 2018 Year adjustments must be combined with manipulation of Cash Flow sheets

**SCR** Base Case + Selective Catalytic Reduction DATA INPUT FIELDS INDICATED BY THIS COLOR **ASSUMPTIONS AND DATA INPUTS**

**Capital Expense (CAPEX) & Operating Expense (OPEX)**

Table of Assumptions 09000064811c2027 Input TableE C/R Energy Strategies E.N. 1109 **FOUR CORNERS POWER PLANT SCR COST ECONOMIC ANALYSIS**

**Item Description Units**  **Inputs Source Information & Comments**  **User Notes**

DATA INPUT FIELDS INDICATED BY THIS COLOR **ASSUMPTIONS AND DATA INPUTS**

Unit Cost $,MWh, S Line Depreciation 3.53 $ Based on units selected at left. Non-discounted cash flows & unit specific incremental costs. No change in net MWh produced. Result from "Summary Sline Dep" tab Unit Cost $,MWh, Accel Depreciation 2.92 $ Based on units selected at left. Non-discounted cash flows & unit specific incremental costs & MWh production Result from :Summary Accel Dep" tab Capital Expense (CAPEX) **Units Selected 1,2,3,**  **Reports out the units selected for SCR for this cash flow** Users selection via "ON" switch are confirmed here & also reported on summary tabs "ON" or blank ON Unit 1 1, $0 137,527,000 $ Per Mar 3, 2011 estimates by A. Lee, EPA Switch allows user to remove unit from case. See "Project Cost Data" tab for estimate "ON" or blank ON Unit 2 2, $0 188,585,000 $ Per Mar 3, 2011 estimates by A. Lee, EPA Switch allows user to remove unit from case. See "Project Cost Data" tab for estimate "ON" or blank ON Unit 3 3, $0 170,294,000 $ Per Mar 3, 2011 estimates by A. Lee, EPA Switch allows user to remove unit from case. See "Project Cost Data" tab for estimate Total **496,406,000 $**  Non-escalated dollars per price estimate. Model escalates cost per unit to install year

Estimated Useful Life 20 For purposes of depreciation expense calculation & ratebase cost recovery

Cost Estimate Error Percentage 0% User defined Currently disables **20 Year Amortization**

Depreciation Expense Unit 1 $ per Year 7,971,574 $ Calculated value See "Depreciation Worksheet" tab Unit 2 $ per Year 10,612,704 $ Calculated value See "Depreciation Worksheet" tab Unit 3 $ per Year 10,166,997 $ Calculated value See "Depreciation Worksheet" tab Total **28,751,275 $** 

Operating Expense (OPEX) Unit 1 $0 3,982,000 $ Per Mar 3, 2011 estimates by A. Lee, EPA See "Project Cost Data" tab for inputs Unit 2 $0 3,982,000 $ Per Mar 3, 2011 estimates by A. Lee, EPA See "Project Cost Data" tab for inputs Unit 3 $0 3,982,000 $ Per Mar 3, 2011 estimates by A. Lee, EPA See "Project Cost Data" tab for inputs Total **11,946,000 $**  **Plant Efficiency Impacts** Reduction in Output Due to Project Percentage 0.00% Reduction in plant efficiency (MWh output) by percentage. Based on S&L Study User defined "efficiency penalty" for SCR. Creates higher lower net MWh production. Power cost already included in O&M. Net MWh not reduced to prevent double counting of power impact

**Baghouse** Incremental to SCR

Capital Expense (CAPEX) **Units Selected 1,2,3,**  **Reports out the units selected for Incremental baghouse for this cash flow**
"ON" or blank on Unit 1 1, $0 220,359,000 $ Data Source: Salt River Project Navajo Generating Station - Units 1, 2, 3 SCR and Baghouse Capital Cost Estimate Report, Table 9-3, SL-010214, Revision D, August 17, 2010. See "Project Cost Data" tab for inputs "ON" or blank on Unit 2 2, $0 205,111,000 $ Data Source: Salt River Project Navajo Generating Station - Units 1, 2, 3 SCR and Baghouse Capital Cost Estimate Report, Table 9-3, SL-010214, Revision D, August 17, 2010. See "Project Cost Data" tab for inputs "ON" or blank on Unit 3 3, $0 161,341,000 $ Data Source: Salt River Project Navajo Generating Station - Units 1, 2, 3 SCR and Baghouse Capital Cost Estimate Report, Table 9-3, SL-010214, Revision D, August 17, 2010. See "Project Cost Data" tab for inputs Total **586,811,000 $** 

Estimated Useful Life 20 Basis for straight line depreciation expense. Creates annual depreciation expense. See "Depreciation Worksheet" tab

Cost Estimate Error Percentage 0% User defined % + or - original cost estimate **20 Year Amortization**

Depreciation Expense Unit 1 $ per Year 13,156,009 $ Calculated value See "Depreciation Worksheet" tab Unit 2 $ per Year 11,888,993 $ Calculated value See "Depreciation Worksheet" tab Unit 3 $ per Year 9,921,454 $ Calculated value See "Depreciation Worksheet" tab Total **34,966,456 $** 

Operating Expense (OPEX) Unit 1 $0 3,098,720 $ SRP Aug 2010 Cost Estimates, Sargent & Lundy; Table 9-2. Conceptual O&M Costs (on a per Unit Basis) See "Project Cost Data" tab for inputs Unit 2 $0 3,098,720 $ SRP Aug 2010 Cost Estimates, Sargent & Lundy; Table 9-2. Conceptual O&M Costs (on a per Unit Basis) See "Project Cost Data" tab for inputs Unit 3 $0 3,098,720 $ SRP Aug 2010 Cost Estimates, Sargent & Lundy; Table 9-2. Conceptual O&M Costs (on a per Unit Basis) See "Project Cost Data" tab for inputs Total **9,296,160 $**  Plant Efficiency Impacts Reduction in Output Due to Project Percentage 0% Reduction in plant efficiency (MWh output) by percentage

**Capital Equipment Installation Schedule** Unit 1 Baghouse Year 2016 Unit 2 Baghouse Year 2015 Unit 3 Baghouse Year 2017

Table of Assumptions 09000064811c2027 Input TableE C/R Energy Strategies E.N. 1109 **FOUR CORNERS POWER PLANT SCR COST ECONOMIC ANALYSIS**

**Item Description Units**  **Inputs Source Information & Comments**  **User Notes**

DATA INPUT FIELDS INDICATED BY THIS COLOR **ASSUMPTIONS AND DATA INPUTS**

**Variable Sensitivity**

**Power Forecast** Forward Electricity Price Projections Selectors

User Defined Change over selected Case 0% Allows user to increase or decrease either price forecast by a percentage selected by the user incremental to the forecast

**Coal Cost** Fuel Expense Sensitivity Expiry User Defined Incremental Cost 2019 0% Date of current contract expiration per ASU NGS Study Report Feb 12, 2012 Increase relative to increases projected by EIA 2011 Reference Case applied to 2010 coal cost for NGS Associated with revised coal lease and royalties agreements between the Nation and Peabody passed through to NGS Includes change in cost associated with the commodity coal contract between Peabody & NGS

**Land & Lease Cost** NGS Site Lease with Navajo Nation 2019 Increased annual site lease cost 15,000,000 $ Date per ASU NGS Study Report Feb 12, 2012

Other Lease & Land Cost Escalation 2019

- $ Applied on 2019

Table of Assumptions 09000064811c2027 Input TableE C/R Energy Strategies E.N. 1109 **FOUR CORNERS POWER PLANT SCR COST ECONOMIC ANALYSIS**

**Item Description Units**  **Inputs Source Information & Comments**  **User Notes**

DATA INPUT FIELDS INDICATED BY THIS COLOR **ASSUMPTIONS AND DATA INPUTS**

Carbon adder impacts only BAU, LNB and SCR cases. Market cases are not impacted

Base Cost Impact Check **7,766 $**  Undiscounted $ Start Carbon Tax in 2013 **CO2e Compliance Cost 37.68**  **$** 5,688

$ 33.95 Implementation Year Year 8,454 $ 52.35 Coal as % of market purchased power 60.00% 12,602 $ 79.95 Compliance Cost Curve Year 1 $ per ton/year

- $ Cost is levelized in model to one value for each year. Individual yearly CO2 values can be added later 2014 **Additional Factors (Hg, Ash below not in use)**

Table of Assumptions 09000064811c2027 Input TableE C/R Energy Strategies E.N. 1109 **FOUR CORNERS POWER PLANT SCR COST ECONOMIC ANALYSIS**

**Item Description Units**  **Inputs Source Information & Comments**  **User Notes**

DATA INPUT FIELDS INDICATED BY THIS COLOR **ASSUMPTIONS AND DATA INPUTS**

**General** Annual Percentage 3.00% Estimated User defined

**Capital Expense (CAPEX)** Percentage 3.00% Estimated User defined

**Operating Expense (OPEX)** Fuel Cost (coal) Percentage Annual % EIA Reference Case Coal Year Over Year % Increase Non-fuel Variable O&M Percentage 3.00% Estimated User defined Maintenance Expense Percentage 3.00% Estimated User defined

Inflation Adjustment Factors used to account for time between year of cost estimate and 2012 2010 2010 to 2012 Factor 1.07 Federal Reserve Bank CPI Calculator. Escalation from cost est year to install year$ occurs on "Depreciation Worksheet" tab
2011 2011 to 2012 Factor 1.03 Federal Reserve Bank CPI Calculator. Escalation from cost est year to install year$ occurs on "Depreciation Worksheet" tab
2012 2012 to 2012 Factor 1.00 Federal Reserve Bank CPI Calculator. Escalation from cost est year to install year$ occurs on "Depreciation Worksheet" tab

**BOR Plant 24.3%**  Percentage of total plant owned **Discount Rate** Percentage 7.00% EPA cost modeling guidance **Return on BAU Capital** Percentage 2.44% AWSA Repayment on CAP Assets: 3.342% on 73% and 0% interest on remainder **Return on Incremental Capital** Percentage 6.53% 6.53% Average of bond rates reported by CAWCD; Feb 2012 Letter to EPA Historical rates on prior issues were 5.4% to 7.65%

**SRP Plant 21.7%**  Percentage of total plant owned **Discount Rate** Percentage 7.00% Discount Rate stated by SRP in Stakeholder Q&A documented from March 3, 2011 meeting 9.13% **Return on BAU Capital** Percentage 7.00% Rate suggested for capital recovery by SRP in 2008 BART filing **Return on Incremental Capital** Percentage 7.00% Rate suggested for capital recovery by SRP in 2008 BART filing

**Investor Owned Utilities 32.8%**  Percentage of IOU plant ownership in 2012 **Share of Plant** Arizona Public Service Percentage 14.0% Share of plant NV Energy Percentage 11.3% Share of plant Tucson Electric Power Percentage 7.5% Share of plant **Equity** Arizona Public Service Percentage 54.6% Reported capital structure 2011 NV Energy Percentage 39.8% Reported capital structure 2011 Tucson Electric Power Percentage 35.2% Reported capital structure 2011 **Debt** Arizona Public Service Percentage 45.4% Reported capital structure 2011 NV Energy Percentage 60.2% Reported capital structure 2011 Tucson Electric Power Percentage 64.8% Reported capital structure 2011

6.80% Calculated WACC for IOU Owners **Discount Rate** Percentage 7.00% Estimated applicable discount rate **Return on BAU Capital** Percentage 14.95% Estimated applicable capital recovery rate for existing plant investment **Return on Incremental Capital** Percentage 14.95% Estimated applicable capital recovery rate for incremental investment
Post Tax Pre-Tax Inputs. The weighted Pre-Tax ROR is only used in the BAU Case Equity 45% 26% 10.21% Weighted Average Approved ROEs for IOU Owners Debt 55% 6.27% 6.27% Weighted Average Rate of Interest on Debt in Capital Structure as reported 2011 **14.95% Pre-Tax (applied to Book Value)**  **Inflation**

**Financial Inputs**

Table of Assumptions 09000064811c2027 Input TableE C/R Energy Strategies E.N. 1109 **FOUR CORNERS POWER PLANT SCR COST ECONOMIC ANALYSIS**

**Item Description Units**  **Inputs Source Information & Comments**  **User Notes**

DATA INPUT FIELDS INDICATED BY THIS COLOR **ASSUMPTIONS AND DATA INPUTS**

**Combined Plant (LADWP Allocation)** LADWP Ownership Percentage **21.2%** Percentage of total plant owned Public Utility takes LADWP Share **42.9%** Combined POU Share **Discount Rate** Percentage **7.00%** Estimated applicable full plant discount rate **Return on BAU Capital** Percentage **8.50%** Estimated applicable capital recovery rate for existing plant investment **Return on Incremental Capital** Percentage **9.49%** Estimated applicable capital recovery rate for incremental investment

Investor Owned Utility takes LADWP Share **54.0%** Combined IOU ownership percentage after DWP share taken by IOU **Discount Rate** Percentage **7.00% Return on BAU Capital**  Percentage **10.18% Return on Incremental Capital**  Percentage **11.18%**

1.00

Table of Assumptions 09000064811c2027 Input TableMWh	per Full	Plant 16,951,775 Per	Plant	Unit 5,650,592

**CAPEX	Unit	Cost	($/MWh)	Worksheets**

**Intall	Years Unit	No.**  **2012 2013**  **2014 2015**  **2016 2017**  **2018 2019** 
1 1.52 $ 1.47

$ 1.42

$
2 2.03 $ 1.96

$ 1.89

$ 1.82

$ 3 1.94 $ 1.87

$
1 0.14 $ 0.14

$ 0.13

$
2 0.14 $ 0.14

$ 0.13

$ 0.13

$ 3 0.15 $ 0.14

$

Per	Unit	OPEX

-

$

-

$

-

$ 4,460

$ 4,579

$ 4,699

$ 4,818

$ 4,938

$ Per	MWh/Unit	OPEX

-

$

-

$

-

$ 0.26

$ 0.27

$ 0.28

$ 0.28

$ 0.29

$
Per	Unit	OPEX

-

$

-

$

-

$ 7,093

$ 7,283

$ 7,473

$ 7,663

$ 7,853

$ Per	MWh/Unit	OPEX

-

$

-

$

-

$ 0.42

$ 0.43

$ 0.44

$ 0.45

$ 0.46

$

SCR Per	MWH

- $

-

$

-

$

-

$ 2.30

$ 4.03

$ 6.15

$ 5.98

$

SNCR per	MWH

- $

-

$

-

$

-

$ 0.57

$ 1.16

$ 1.78

$ 1.79

$

**CAPEX,	Depreciation,	&	OPEX	Cost	Estimation	Worksheets**

SCR

**Unit No.**  **Year	Installed Years	from	Cost**  **Est.	Year Installed	Year** 

**Cost	Dollars Amort.	Period** 

**(Yrs) Salvage**  **Annual Depreciation**  **Annual**

**Depreciation ($000)**  **Capital**

**Recovery**
1 2017 5 159,431,486 $ 20

- $ 7,971,574

$ 7,972

$ 11.18%
2 2016 4 212,254,079 $ 20

- $ 10,612,704

$ 10,613

$ 11.18% 3 2018 6 203,339,942 $ 20

- $ 10,166,997

$ 10,167

$ 11.18%

SNCR

**Unit No.**  **Year	Installed Years	from	Cost**  **Est.	Year Installed	Year** 

**Cost	Dollars Amort.	Period** 

**(Yrs) Salvage**  **Annual Depreciation**  **Annual**

**Depreciation ($000)**  **Capital**

**Recovery**
1 2017 5 15,147,848 $ 20

- $ 757,392

$ 757

$ 11.18%
2 2016 4 14,706,648 $ 20

- $ 735,332

$ 735

$ 11.18% 3 2018 6 15,602,283 $ 20

- $ 780,114

$ 780

$ 11.18% Total	Incremental Cost CAPEX	+	OPEX **FULL	PLANT,	DWP	Share	to	IOU**

SCR

SNCR Incremental

$	Per	MWh	Per Plant	Unit	Due	to Incremental CAPEX SCR

SNCR**2020 2021**  **2022 2023**  **2024 2025**  **2026 2027**  **2028 2029**  **2030 2031**  **2032 2033**  **2034**
1.36 $ 1.31

$ 1.26

$ 1.21

$ 1.15

$ 1.10

$ 1.05

$ 1.00

$ 0.94

$ 0.89

$ 0.84

$ 0.79

$ 0.73

$ 0.68

$ 0.63

$ 1.75 $ 1.68

$ 1.61

$ 1.54

$ 1.47

$ 1.40

$ 1.33

$ 1.26

$ 1.19

$ 1.12

$ 1.05

$ 0.98

$ 0.91

$ 0.84

$ 0.77

$ 1.81 $ 1.74

$ 1.67

$ 1.61

$ 1.54

$ 1.47

$ 1.40

$ 1.34

$ 1.27

$ 1.20

$ 1.14

$ 1.07

$ 1.00

$ 0.93

$ 0.87

$
0.13 $ 0.12

$ 0.12

$ 0.11

$ 0.11

$ 0.10

$ 0.10

$ 0.09

$ 0.09

$ 0.08

$ 0.08

$ 0.07

$ 0.07

$ 0.06

$ 0.06

$
0.12 $ 0.12

$ 0.11

$ 0.11

$ 0.10

$ 0.10

$ 0.09

$ 0.09

$ 0.08

$ 0.08

$ 0.07

$ 0.07

$ 0.06

$ 0.06

$ 0.05

$ 0.14 $ 0.13

$ 0.13

$ 0.12

$ 0.12

$ 0.11

$ 0.11

$ 0.10

$ 0.10

$ 0.09

$ 0.09

$ 0.08

$ 0.08

$ 0.07

$ 0.07

$

5,057 $ 5,177

$ 5,296

$ 5,416

$ 5,535

$ 5,654

$ 5,774

$ 5,893

$ 6,013

$ 6,132

$ 6,252

$ 6,371

$ 6,491

$ 6,610

$ 6,730

$ 0.30 $ 0.31

$ 0.31

$ 0.32

$ 0.33

$ 0.33

$ 0.34

$ 0.35

$ 0.35

$ 0.36

$ 0.37

$ 0.38

$ 0.38

$ 0.39

$ 0.40

$ 8,043 $ 8,233

$ 8,423

$ 8,613

$ 8,803

$ 8,993

$ 9,183

$ 9,373

$ 9,563

$ 9,753

$ 9,943

$ 10,133

$ 10,323

$ 10,513

$ 10,703

$ 0.47 $ 0.49

$ 0.50

$ 0.51

$ 0.52

$ 0.53

$ 0.54

$ 0.55

$ 0.56

$ 0.58

$ 0.59

$ 0.60

$ 0.61

$ 0.62

$ 0.63

$

5.81 $ 5.64

$ 5.47

$ 5.31

$ 5.14

$ 4.97

$ 4.80

$ 4.63

$ 4.46

$ 4.29

$ 4.13

$ 3.96

$ 3.79

$ 3.62

$ 3.45

$

1.81 $ 1.83

$ 1.85

$ 1.87

$ 1.89

$ 1.91

$ 1.92

$ 1.94

$ 1.96

$ 1.98

$ 2.00

$ 2.02

$ 2.04

$ 2.05

$ 2.07

$**2035 2036**  0.58 $ 0.52

$
0.70 $ 0.63

$ 0.80 $ 0.73

$
0.05 $ 0.05

$ 0.05 $ 0.04

$ 0.06 $ 0.06

$

6,849 $ 6,969

$ 0.40 $ 0.41

$ 10,893 $ 11,083

$ 0.64 $ 0.65

$

3.28 $ 3.12

$

2.09 $ 2.11

$Annual	MWh 16,951,775 16,951,775 16,951,775 16,951,775 16,951,775 16,951,775 16,951,775 16,951,775 **2012 2013**  **2014 2015**  **2016 2017**  **2018 2019**  Business	As	Usual	("BAU")	$	per	MWh 35.92 $ 35.89

$ 35.87

$ 36.06

$ 36.25

$ 36.45

$ 36.46

$ 36.38

$ Market	Cost	Cases	$	per	MWh Low	Market

- $

-

$

-

$

-

$ 40.16

$ 40.16

$ 40.16

$ 40.16

$ Mid	Market

-

$

-

$

-

$

-

$ 40.16

$ 40.16

$ 40.16

$ 40.93

$ High	Market

-

$

-

$

-

$

-

$ 40.16

$ 40.89

$ 40.89

$ 41.62

$

SCR Incremental	Cost $	per	MWh

- $

-

$

-

$

-

$ 2.30

$ 4.03

$ 6.15

$ 5.98

$ SNCR Incremental	Cost $	per	MWh

- $

-

$

-

$

-

$ 0.57

$ 1.16

$ 1.78

$ 1.79

$

25	YR	NPV	@ **Plant	Shutdown	-	Go	to	Market** 7% Intall	Yrs.

Low	Market 35.92

$ 35.89

$ 35.87

$ 36.06

$ 36.25

$ 37.69

$ 38.93

$ 40.16

$ Mid	Market 35.92

$ 35.89

$ 35.87

$ 36.06

$ 36.25

$ 37.69

$ 38.93

$ 40.93

$ High	Market 35.92

$ 35.89

$ 35.87

$ 36.06

$ 36.25

$ 37.93

$ 39.42

$ 41.62

$

**$M Cost	Rank**  NPV	$	Cost Intall	Yrs. ($000) ($000) ($000) ($000) ($000) ($000) ($000) ($000) **8,523 $**  3 **8,522,956 $**  608,881 $ 608,391

$ 608,020

$ 611,198

$ 614,502

$ 638,897

$ 659,905

$ 680,822

$ **8,801 $**  2 **8,801,240 $**  608,881 $ 608,391

$ 608,020

$ 611,198

$ 614,502

$ 638,897

$ 659,905

$ 693,915

$ **8,890 $**  1 **8,890,411 $**  608,881 $ 608,391

$ 608,020

$ 611,198

$ 614,502

$ 643,023

$ 668,158

$ 705,579

$

25	YR	NPV	@ **SCR	Installation** 7% Intall	Yrs.

Intall	Yrs. ($000) ($000) ($000) ($000) ($000) ($000) ($000) ($000) 16/17/18 35.92

$ 35.89

$ 35.87

$ 36.06

$ 38.55

$ 40.48

$ 42.61

$ 42.35

$ SNCR 35.92

$ 35.89

$ 35.87

$ 36.06

$ 36.82

$ 37.61

$ 38.24

$ 38.17

$

**2012 2013**  **2014 2015**  **2016 2017**  **2018 2019**  **$M Cost	Rank**  NPV	$	Cost Intall	Yrs. ($000) ($000) ($000) ($000) ($000) ($000) ($000) ($000) **8,613 $**  1 **8,613,236 $**  16/17/18 608,881 $ 608,391

$ 608,020

$ 611,198

$ 653,415

$ 686,269

$ 722,277

$ 717,981

$ **8,174 $**  **8,174,469 $**  SNCR 608,881 $ 608,391

$ 608,020

$ 611,198

$ 624,164

$ 637,628

$ 648,165

$ 647,040

$

SCR	Installation	Premium	(SCR	Cost	-	Market	Cost) 1 90,280 $ Low	Market 2 (188,004) $ Mid 3 (277,175) $ High

**$M Case**  NPV	$	Cost **7,915 $**  BAU **7,915,103 $**  608,881 $ 608,391

$ 608,020

$ 611,198

$ 614,502

$ 617,935

$ 618,071

$ 616,630

$

**Incremental	NPV	Above	BAU SCR**  **Low	Mkt Mid	Mkt**  **High	Mkt SNCR** 

BART 16/17/18 **698 $**  **608**

**$ 886** 

**$ 975** 

**$**
SNCR 16/17/18 **259 $**  Emissions	Control	Retrofit	Cases **FULL	PLANT,	DWP Share	to	IOU** 

16/17/18

BART 16/17/18

BART

SCR $698

Low Mkt $608

Mid Mkt $886 High Mkt $975 $- $200 $400 $600 $800 $1,000 $1,200**A x** **i s** **T i** **t l** **e NPV Difference between BAU & Cases; DWP Share to IOU**  **($ million)**16,951,775 16,951,775 16,951,775 16,951,775 16,951,775 16,951,775 16,951,775 16,951,775 16,951,775 16,951,775 16,951,775 16,951,775 **2020 2021**  **2022 2023**  **2024 2025**  **2026 2027**  **2028 2029**  **2030 2031**  37.49 $ 37.72

$ 38.07

$ 38.22

$ 38.38

$ 38.45

$ 38.53

$ 38.72

$ 39.13

$ 39.54

$ 39.76

$ 40.00

$

40.93 $ 41.71

$ 41.71

$ 42.51

$ 42.51

$ 44.11

$ 44.92

$ 44.92

$ 44.92

$ 44.92

$ 45.72

$ 45.72

$ 41.71 $ 42.48

$ 43.25

$ 44.80

$ 45.57

$ 46.34

$ 47.11

$ 47.89

$ 48.66

$ 48.66

$ 49.43

$ 49.43

$ 42.35 $ 43.08

$ 43.81

$ 44.80

$ 45.57

$ 47.04

$ 47.77

$ 48.51

$ 49.24

$ 49.98

$ 49.98

$ 50.71

$

5.81 $ 5.64

$ 5.47

$ 5.31

$ 5.14

$ 4.97

$ 4.80

$ 4.63

$ 4.46

$ 4.29

$ 4.13

$ 3.96

$ 1.81 $ 1.83

$ 1.85

$ 1.87

$ 1.89

$ 1.91

$ 1.92

$ 1.94

$ 1.96

$ 1.98

$ 2.00

$ 2.02

$

40.93 $ 41.71

$ 41.71

$ 42.51

$ 42.51

$ 44.11

$ 44.92

$ 44.92

$ 44.92

$ 44.92

$ 45.72

$ 45.72

$ 41.71 $ 42.48

$ 43.25

$ 44.80

$ 45.57

$ 46.34

$ 47.11

$ 47.89

$ 48.66

$ 48.66

$ 49.43

$ 49.43

$ 42.35 $ 43.08

$ 43.81

$ 44.80

$ 45.57

$ 47.04

$ 47.77

$ 48.51

$ 49.24

$ 49.98

$ 49.98

$ 50.71

$

($000) ($000) ($000) ($000) ($000) ($000) ($000) ($000) ($000) ($000) ($000) ($000) 693,915 $ 707,008

$ 707,008

$ 720,604

$ 720,604

$ 747,797

$ 761,393

$ 761,393

$ 761,393

$ 761,393

$ 774,989

$ 774,989

$ 707,008 $ 720,101

$ 733,193

$ 759,379

$ 772,471

$ 785,564

$ 798,657

$ 811,750

$ 824,842

$ 824,842

$ 837,935

$ 837,935

$ 717,958 $ 730,337

$ 742,715

$ 759,379

$ 772,471

$ 797,390

$ 809,849

$ 822,308

$ 834,768

$ 847,227

$ 847,227

$ 859,686

$

($000) ($000) ($000) ($000) ($000) ($000) ($000) ($000) ($000) ($000) ($000) ($000) 43.30 $ 43.36

$ 43.54

$ 43.52

$ 43.52

$ 43.42

$ 43.33

$ 43.35

$ 43.59

$ 43.83

$ 43.89

$ 43.96

$ 39.30 $ 39.55

$ 39.92

$ 40.09

$ 40.27

$ 40.36

$ 40.45

$ 40.66

$ 41.09

$ 41.52

$ 41.76

$ 42.02

$

**2020 2021**  **2022 2023**  **2024 2025**  **2026 2027**  **2028 2029**  **2030 2031**  ($000) ($000) ($000) ($000) ($000) ($000) ($000) ($000) ($000) ($000) ($000) ($000) 733,969 $ 735,102

$ 738,099

$ 737,820

$ 737,701

$ 736,030

$ 734,527

$ 734,910

$ 738,905

$ 743,078

$ 744,014

$ 745,145

$ 666,199 $ 670,502

$ 676,670

$ 679,562

$ 682,613

$ 684,113

$ 685,781

$ 689,335

$ 696,501

$ 703,845

$ 707,951

$ 712,253

$

635,473 $ 639,461

$ 645,312

$ 647,888

$ 650,623

$ 651,807

$ 653,159

$ 656,397

$ 663,247

$ 670,275

$ 674,065

$ 678,051

$

**NPV Difference between BAU & Cases; DWP Share to IOU**16,951,775 16,951,775 16,951,775 16,951,775 16,951,775 **2032 2033**  **2034 2035**  **2036** 40.14 $ 40.30

$ 40.47

$ 40.76

$ 40.95

$

45.72 $ 46.52

$ 46.52

$ 47.32

$ 47.74

$ 50.20 $ 50.20

$ 50.20

$ 50.98

$ 51.62

$ 51.45 $ 52.18

$ 52.18

$ 51.45

$ 52.11

$

3.79 $ 3.62

$ 3.45

$ 3.28

$ 3.12

$ 2.04 $ 2.05

$ 2.07

$ 2.09

$ 2.11

$

45.72 $ 46.52

$ 46.52

$ 47.32

$ 47.74

$ 50.20 $ 50.20

$ 50.20

$ 50.98

$ 51.62

$ 51.45 $ 52.18

$ 52.18

$ 51.45

$ 52.11

$

($000) ($000) ($000) ($000) ($000) 774,989 $ 788,586

$ 788,586

$ 802,182

$ 809,250

$ 851,028 $ 851,028

$ 851,028

$ 864,121

$ 875,071

$ 872,145 $ 884,604

$ 884,604

$ 872,145

$ 883,326

$

($000) ($000) ($000) ($000) ($000) 43.93 $ 43.92

$ 43.93

$ 44.04

$ 44.07

$ 42.18 $ 42.36

$ 42.55

$ 42.85

$ 43.07

$

**2032 2033**  **2034 2035**  **2036** ($000) ($000) ($000) ($000) ($000) 744,762 $ 744,586

$ 744,622

$ 746,593

$ 747,074

$ 715,041 $ 718,035

$ 721,242

$ 726,384

$ 730,036

$

680,523 $ 683,201

$ 686,093

$ 690,918

$ 694,254

$**39310** $88.34 $42.39 $92.68 $42.30 16 8 66.67% 33.33% $73.02 $75.89 2007
**39311** $71.04 $38.89 $75.94 $40.00 16 8 66.67% 33.33% $60.32 $63.96 2007
**39312** $71.04 $38.89 $75.94 $40.00 16 8 66.67% 33.33% $60.32 $63.96 2007E C/R Energy Strategies E.N. 1109 **FCPP - SCR Cost Assessment Model**

**DWP to IOU Navajo Generating Station (NGS) Economic Assessment Model** 
**Case Names Description** 

Year **2005 2006**  **2007 2008**  **2009 2010**  **2011 2012**  **2013 2014**  **2015 2016**  **2017 2018**  **2019 2020**  **2021 2022**  **2023 2024**  Year No. Starting 2012 NA NA NA NA NA NA 0 1 2 3 4 5 6 7 8 9 10 11 12 13 Year No. Starting 2017 NA NA NA NA 1 2 3 4 5 6 7 8 Year No. Starting 2023 1 2 1/1/2005 1/1/2006 1/1/2007 1/1/2008 1/1/2009 1/1/2010 1/1/2011 1/1/2012 1/1/2013 1/1/2014 1/1/2015 1/1/2016 1/1/2017 1/1/2018 1/1/2019 1/1/2020 1/1/2021 1/1/2022 1/1/2023 1/1/2024

**Units NPV** 

**From 2012**

a **Generation Statistics** b Gross Capacity MW 2,409 2,409 2,409 2,409 2,409 2,409 2,409 2,409 2,409 2,409 2,409 2,409 2,409 2,409 2,409 2,409 2,409 2,409 2,409 2,409

c Operating Capacity MW 2,250 2,250 2,250 2,250 2,250 2,250 2,250 2,250 2,250 2,250 2,250 2,250 2,250 2,250 2,250 2,250 2,250 2,250 2,250 2,250 d Efficiency Vs. Base Case Efficiency % 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100%

e Net Generation MWh 423,794,375 17,030,674 17,538,831 17,616,339 17,522,979 16,140,683 16,429,593 16,951,775 16,951,775 16,951,775 16,951,775 16,951,775 16,951,775 16,951,775 16,951,775 16,951,775 16,951,775 16,951,775 16,951,775 16,951,775 16,951,775 f Capacity Factor % 86% 89% 89% 89% 82% 83% 86% 86% 86% 86% 86% 86% 86% 86% 86% 86% 86% 86% 86% 86% **Base Case**

1 **Capital Expense (CAPEX)**

2 **Depreciation Expense** 3 Net Plant in Service $000 1,152,918 $ 1,128,337

$ 1,084,940

$ 1,041,542

$ 998,144

$ 954,747

$ 911,349

$ 867,952

$ 824,554

$ 781,157

$ 737,759

$ 694,361

$ 650,964

$ 607,566

$ 564,169

$
4 Annual Depreciation Expense $000 43,398 43,398 43,398 43,398 43,398 43,398 43,398 43,398 43,398 43,398 43,398 43,398 43,398 43,398 43,398 5 Accumulated Depreciation $000 623,899 667,296 710,694 754,091 797,489 840,887 884,284 927,682 971,079 1,014,477 1,057,874 1,101,272 1,144,670 1,188,067 1,231,465 6 remove connections to POU case from here down 7 **Return on Capital** 8 Capital Recovery $000 117,401 114,898 110,478 106,059 101,640 97,221 92,802 88,383 83,964 79,544 75,125 70,706 66,287 61,868 57,449 9 $ per MWh 6.78 6.52 6.26 6.00 5.74 5.47 5.21 4.95 4.69 4.43 4.17 3.91 3.65 3.39 10 11 **Total CAPEX** (Depreciation + Return on Capital) $000 160,798 158,295 153,876 149,457 145,038 140,619 136,199 131,780 127,361 122,942 118,523 114,104 109,685 105,266 100,846 12 $ per MWh 9.79 9.34 9.08 8.82 8.56 8.30 8.03 7.77 7.51 7.25 6.99 6.73 6.47 6.21 5.95 13 **Operating Expense (OPEX)**
14 **Fuel Expenses** 15 Cost Price Change (Year over Year) % 0.02 (0.03) -2.1% 0.0% 0.0% 1.1% 1.0% 1.0% 0.0% -0.5% 1.0% 1.0% 1.5% 0.5% 0.5% 16 Fuel Expense $000 217,336 251,483 290,795 305,647 266,476 292,409 330,869 324,012 324,012 324,012 327,440 330,869 334,298 334,298 332,583 336,012 339,441 344,584 346,298 348,012 17 $ per MWh 12.76 14.34 16.51 17.44 16.51 17.80 19.52 19.11 19.11 19.11 19.32 19.52 19.72 19.72 19.62 19.82 20.02 20.33 20.43 20.53 18 3,429 336,012 19 **Non-Fuel Operating & Maintenance Expenses** 20,058 352,641 20 Operating Expenses 21 Op. Supervision & Engineering $000 10,025 11,620 9,497 10,727 8,644 10,852 10,880 11,207 11,543 11,889 12,246 12,613 12,992 13,381 13,783 14,196 14,622 15,061 15,513 15,978 22 Total Steam/Hydraulic Expense $000 8,067 9,237 11,438 12,545 12,939 12,706 14,638 15,077 15,529 15,995 16,475 16,969 17,478 18,002 18,542 19,099 19,672 20,262 20,870 21,496 23 Electric Expenses $000 901 1,653 2,664 3,128 3,740 3,668 3,764 3,877 3,994 4,113 4,237 4,364 4,495 4,630 4,768 4,912 5,059 5,211 5,367 5,528 24 Misc. Power Expenses $000 13,701 14,805 22,196 16,849 16,924 14,718 15,606 16,074 16,556 17,053 17,564 18,091 18,634 19,193 19,769 20,362 20,973 21,602 22,250 22,918 25 Rents $000 475 479 456 469 458 458 458 472 486 501 516 531 547 563 580 598 616 634 653 673 26 Allowances $000

- - - - - - - - - - - - - - - - - - - - 27 Total Non-Fuel Operating Expenses $000 33,168 37,793 46,250 43,719 42,706 42,403 45,346 46,707 48,108 49,551 51,038 52,569 54,146 55,770 57,443 59,166 60,941 62,770 64,653 66,592 28 1.95 2.15 2.63 2.49 2.65 2.58 2.68 2.76 2.84 2.92 3.01 3.10 3.19 3.29 3.39 3.49 3.59 3.70 3.81 3.93 29 Maintenance Expenses
30 Supervision & Engineering $000 3,875 4,016 4,239 5,345 7,257 7,984 7,405 7,627 7,856 8,092 8,334 8,584 8,842 9,107 9,380 9,662 9,952 10,250 10,558 10,874 31 Structures $000 1,595 2,101 1,664 2,171 3,135 3,039 2,376 2,447 2,521 2,596 2,674 2,754 2,837 2,922 3,010 3,100 3,193 3,289 3,387 3,489
32 Boiler/Reactor/Reservoirs & Dams $000 30,741 25,723 24,939 27,725 41,809 36,127 46,925 48,332 49,782 51,276 52,814 54,399 56,031 57,711 59,443 61,226 63,063 64,955 66,903 68,910 33 Electric Plant $000 12,623 7,234 4,360 8,992 20,627 16,470 19,044 19,615 20,203 20,809 21,434 22,077 22,739 23,421 24,124 24,848 25,593 26,361 27,152 27,966 34 Misc. Plant $000 4,415 4,769 3,688 3,520 3,782 3,325 6,082 6,265 6,453 6,646 6,846 7,051 7,263 7,480 7,705 7,936 8,174 8,419 8,672 8,932
35 Total Maintenance Expenses $000 53,249 43,843 38,890 47,753 76,610 78,908 81,831 84,286 86,815 89,419 92,102 94,865 97,711 100,642 103,662 106,771 109,975 113,274 116,672 120,172 36 $ per MWh 3.13 2.50 2.21 2.73 4.75 4.80 4.83 4.97 5.12 5.27 5.43 5.60 5.76 5.94 6.12 6.30 6.49 6.68 6.88 7.09 37 **Production Costs** 38 CO2 cost If Included

- $ 303,753 333,119 375,934 397,119 385,792 413,720 458,047 455,005 458,934 462,982 470,580 478,303 486,154 490,710 493,688 501,950 510,357 520,627 527,623 534,777 39 Total Production $ per MWh 17.84 18.99 21.34 22.66 23.90 25.18 27.02 26.84 27.07 27.31 27.76 28.22 28.68 28.95 29.12 29.61 30.11 30.71 31.12 31.55 40 **Base Case Total Cost of Electricity**  Cost of Electricity $000 574518.6395 616341.7452 608,881 608,391 608,020 611,198 614,502 617,935 618,071 616,630 635,473 639,461 645,312 647,888 650,623 Cost of Electricity $ per MWh 17.84 18.99 21.34 22.66 23.90 34.97 36.36 35.92 35.89 35.87 36.06 36.25 36.45 36.46 36.38 37.49 37.72 38.07 38.22 38.38 BASE SNCR SCR Baghouse Plant As Operated Through 2011

Base Case + Incremental SNCR Base Case + Incremental SCR Baghouse as Incremental to Base Case

**$Million**

09000064811c2027 DWP Share to IOU Full PlantE C/R Energy Strategies E.N. 1109 **FCPP - SCR Cost Assessment Model**

**DWP to IOU Navajo Generating Station (NGS) Economic Assessment Model** 
**Case Names Description** 

a **Generation Statistics** b Gross Capacity

c Operating Capacity d Efficiency Vs. Base Case Efficiency

e Net Generation f Capacity Factor **Base Case**

1 **Capital Expense (CAPEX)**

2 **Depreciation Expense** 3 Net Plant in Service 4 Annual Depreciation Expense 5 Accumulated Depreciation 6 7 **Return on Capital** 8 Capital Recovery 9 10 11 **Total CAPEX** (Depreciation + Return on Capital) 12 13 **Operating Expense (OPEX)**
14 **Fuel Expenses** 15 Cost Price Change (Year over Year) 16 Fuel Expense 17 18 19 **Non-Fuel Operating & Maintenance Expenses** 20 Operating Expenses 21 Op. Supervision & Engineering 22 Total Steam/Hydraulic Expense 23 Electric Expenses 24 Misc. Power Expenses 25 Rents 26 Allowances
27 Total Non-Fuel Operating Expenses 28 29 Maintenance Expenses
30 Supervision & Engineering
31 Structures
32 Boiler/Reactor/Reservoirs & Dams
33 Electric Plant 34 Misc. Plant
35 Total Maintenance Expenses 36 37 **Production Costs** 38 CO2 cost If Included 39 Total Production 40 **Base Case Total Cost of Electricity**  Cost of Electricity Cost of Electricity BASE SNCR SCR Baghouse Plant As Operated Through 2011

Base Case + Incremental SNCR Base Case + Incremental SCR Baghouse as Incremental to Base Case **2025 2026**  **2027 2028**  **2029 2030**  **2031 2032**  **2033 2034**  **2035**
14 15 16 17 18 19 20 21 22 23 24 9 10 11 12 13 14 15 16 17 18 19 3 4 5 6 7 8 9 10 11 12 13 1/1/2025 1/1/2026 1/1/2027 1/1/2028 1/1/2029 1/1/2030 1/1/2031 1/1/2032 1/1/2033 1/1/2034 1/1/2035

2,409 2,409 2,409 2,409 2,409 2,409 2,409 2,409 2,409 2,409 2,409 2,250 2,250 2,250 2,250 2,250 2,250 2,250 2,250 2,250 2,250 2,250 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 16,951,775 16,951,775 16,951,775 16,951,775 16,951,775 16,951,775 16,951,775 16,951,775 16,951,775 16,951,775 16,951,775 86% 86% 86% 86% 86% 86% 86% 86% 86% 86% 86%

520,771 $ 477,373

$ 433,978

$ 390,578

$ 347,181

$ 303,783

$ 260,386

$ 216,988

$ 173,590

$ 130,193

$ 86,795

$ 43,398 43,398 43,396 43,400 43,398 43,398 43,398 43,398 43,398 43,398 43,398 1,274,862 1,318,260 1,361,656 1,405,055 1,448,453 1,491,850 1,535,248 1,578,645 1,622,043 1,665,441 1,708,838

53,030 48,611 44,192 39,772 35,353 30,934 26,515 22,096 17,677 13,257 8,838 3.13 2.87 2.61 2.35 2.09 1.82 1.56 1.30 1.04 0.78 0.52

96,427 92,008 87,587 83,172 78,751 74,332 69,912 65,493 61,074 56,655 52,236 5.69 5.43 5.17 4.91 4.65 4.38 4.12 3.86 3.60 3.34 3.08

0.0% 0.0% 0.5% 1.5% 1.4% 0.5% 0.5% 0.0% 0.0% 0.0% 0.5% 348,012 348,012 349,727 354,870 360,013 361,727 363,442 363,442 363,442 363,442 365,156 20.53 20.53 20.63 20.93 21.24 21.34 21.44 21.44 21.44 21.44 21.54

16,458 16,951 17,460 17,984 18,523 19,079 19,651 20,241 20,848 21,473 22,118 22,141 22,805 23,489 24,194 24,920 25,667 26,437 27,230 28,047 28,889 29,755 5,694 5,865 6,041 6,222 6,408 6,601 6,799 7,003 7,213 7,429 7,652 23,605 24,313 25,043 25,794 26,568 27,365 28,186 29,031 29,902 30,799 31,723 693 714 735 757 780 803 827 852 878 904 931

- - - - - - - - - - - 68,590 70,648 72,767 74,950 77,199 79,515 81,900 84,357 86,888 89,495 92,179 4.05 4.17 4.29 4.42 4.55 4.69 4.83 4.98 5.13 5.28 5.44

11,201 11,537 11,883 12,239 12,606 12,984 13,374 13,775 14,188 14,614 15,053 3,594 3,702 3,813 3,927 4,045 4,166 4,291 4,420 4,553 4,689 4,830 70,978 73,107 75,300 77,559 79,886 82,283 84,751 87,294 89,913 92,610 95,388 28,805 29,669 30,559 31,476 32,420 33,393 34,395 35,427 36,490 37,584 38,712 9,200 9,476 9,760 10,053 10,355 10,665 10,985 11,315 11,654 12,004 12,364 123,777 127,491 131,315 135,255 139,313 143,492 147,797 152,231 156,797 161,501 166,346 7.30 7.52 7.75 7.98 8.22 8.46 8.72 8.98 9.25 9.53 9.81

540,380 546,151 553,810 565,075 576,524 584,734 593,138 600,029 607,127 614,438 623,682 31.88 32.22 32.67 33.33 34.01 34.49 34.99 35.40 35.81 36.25 36.79

651,807 653,159 656,397 663,247 670,275 674,065 678,051 680,523 683,201 686,093 690,918 38.45 38.53 38.72 39.13 39.54 39.76 40.00 40.14 40.30 40.47 40.76

09000064811c2027 DWP Share to IOU Full PlantMWh	per Full	Plant 16,951,775 Per	Plant	Unit 5,650,592

**CAPEX	Unit	Cost	($/MWh)	Worksheets**

**Intall	Years Unit	No.**  **2012 2013**  **2014 2015**  **2016 2017**  **2018 2019** 
1 1.36 $ 1.32

$ 1.27

$
2 1.81 $ 1.76

$ 1.70

$ 1.64

$ 3 1.74 $ 1.68

$
1 0.13 $ 0.13

$ 0.12

$
2 0.13 $ 0.12

$ 0.12

$ 0.11

$ 3 0.13 $ 0.13

$

Per	Unit	OPEX

-

$

-

$

-

$ 4,460

$ 4,579

$ 4,699

$ 4,818

$ 4,938

$ Per	MWh/Unit	OPEX

-

$

-

$

-

$ 0.26

$ 0.27

$ 0.28

$ 0.28

$ 0.29

$
Per	Unit	OPEX

-

$

-

$

-

$ 7,093

$ 7,283

$ 7,473

$ 7,663

$ 7,853

$ Per	MWh/Unit	OPEX

-

$

-

$

-

$ 0.42

$ 0.43

$ 0.44

$ 0.45

$ 0.46

$

SCR Per	MWH

- $

-

$

-

$

-

$ 2.08

$ 3.67

$ 5.60

$ 5.46

$

SNCR per	MWH

- $

-

$

-

$

-

$ 0.56

$ 1.13

$ 1.73

$ 1.75

$

**CAPEX,	Depreciation,	&	OPEX	Cost	Estimation	Worksheets**

SCR

**Unit No.**  **Year	Installed Years	from	Cost**  **Est.	Year Installed	Year** 

**Cost	Dollars Amort.	Period** 

**(Yrs) Salvage**  **Annual Depreciation**  **Annual**

**Depreciation ($000)**  **Capital**

**Recovery**
1 2017 5 159,431,486 $ 20

- $ 7,971,574

$ 7,972

$ 9.49%
2 2016 4 212,254,079 $ 20

- $ 10,612,704

$ 10,613

$ 9.49%
3 2018 6 203,339,942 $ 20

- $ 10,166,997

$ 10,167

$ 9.49%

SNCR

**Unit No.**  **Year	Installed Years	from	Cost**  **Est.	Year Installed	Year** 

**Cost	Dollars Amort.	Period** 

**(Yrs) Salvage**  **Annual Depreciation**  **Annual**

**Depreciation ($000)**  **Capital**

**Recovery**
1 2017 5 15,147,848 $ 20

- $ 757,392

$ 757

$ 9.49%
2 2016 4 14,706,648 $ 20

- $ 735,332

$ 735

$ 9.49%
3 2018 6 15,602,283 $ 20

- $ 780,114

$ 780

$ 9.49% Total	Incremental Cost CAPEX	+	OPEX **FULL	PLANT,	DWP	Share	to	POU**

SCR

SNCR Incremental

$	Per	MWh	Per Plant	Unit	Due	to Incremental CAPEX SCR

SNCR**2020 2021**  **2022 2023**  **2024 2025**  **2026 2027**  **2028 2029**  **2030 2031**  **2032 2033**  **2034 2035** 
1.23 $ 1.18

$ 1.14

$ 1.10

$ 1.05

$ 1.01

$ 0.96

$ 0.92

$ 0.87

$ 0.83

$ 0.78

$ 0.74

$ 0.69

$ 0.65

$ 0.60

$ 0.56

$ 1.58 $ 1.52

$ 1.46

$ 1.40

$ 1.34

$ 1.28

$ 1.22

$ 1.16

$ 1.10

$ 1.04

$ 0.98

$ 0.92

$ 0.86

$ 0.80

$ 0.74

$ 0.69

$ 1.62 $ 1.57

$ 1.51

$ 1.45

$ 1.40

$ 1.34

$ 1.28

$ 1.23

$ 1.17

$ 1.11

$ 1.06

$ 1.00

$ 0.94

$ 0.88

$ 0.83

$ 0.77

$
0.12 $ 0.11

$ 0.11

$ 0.10

$ 0.10

$ 0.10

$ 0.09

$ 0.09

$ 0.08

$ 0.08

$ 0.07

$ 0.07

$ 0.07

$ 0.06

$ 0.06

$ 0.05

$
0.11 $ 0.11

$ 0.10

$ 0.10

$ 0.09

$ 0.09

$ 0.08

$ 0.08

$ 0.08

$ 0.07

$ 0.07

$ 0.06

$ 0.06

$ 0.06

$ 0.05

$ 0.05

$ 0.12 $ 0.12

$ 0.12

$ 0.11

$ 0.11

$ 0.10

$ 0.10

$ 0.09

$ 0.09

$ 0.09

$ 0.08

$ 0.08

$ 0.07

$ 0.07

$ 0.06

$ 0.06

$

5,057 $ 5,177

$ 5,296

$ 5,416

$ 5,535

$ 5,654

$ 5,774

$ 5,893

$ 6,013

$ 6,132

$ 6,252

$ 6,371

$ 6,491

$ 6,610

$ 6,730

$ 6,849

$ 0.30 $ 0.31

$ 0.31

$ 0.32

$ 0.33

$ 0.33

$ 0.34

$ 0.35

$ 0.35

$ 0.36

$ 0.37

$ 0.38

$ 0.38

$ 0.39

$ 0.40

$ 0.40

$ 8,043 $ 8,233

$ 8,423

$ 8,613

$ 8,803

$ 8,993

$ 9,183

$ 9,373

$ 9,563

$ 9,753

$ 9,943

$ 10,133

$ 10,323

$ 10,513

$ 10,703

$ 10,893

$ 0.47 $ 0.49

$ 0.50

$ 0.51

$ 0.52

$ 0.53

$ 0.54

$ 0.55

$ 0.56

$ 0.58

$ 0.59

$ 0.60

$ 0.61

$ 0.62

$ 0.63

$ 0.64

$

5.33 $ 5.19

$ 5.05

$ 4.91

$ 4.77

$ 4.63

$ 4.49

$ 4.35

$ 4.21

$ 4.07

$ 3.93

$ 3.79

$ 3.65

$ 3.51

$ 3.37

$ 3.23

$

1.77 $ 1.80

$ 1.82

$ 1.84

$ 1.86

$ 1.88

$ 1.90

$ 1.92

$ 1.94

$ 1.96

$ 1.98

$ 2.00

$ 2.02

$ 2.05

$ 2.07

$ 2.09

$**2036** 0.51 $
0.63 $ 0.71 $
0.05 $
0.04 $ 0.05 $

6,969 $ 0.41 $ 11,083 $ 0.65 $

3.09 $

2.11 $Annual	MWh 16,951,775 16,951,775 16,951,775 16,951,775 16,951,775 16,951,775 16,951,775 16,951,775 **2012 2013**  **2014 2015**  **2016 2017**  **2018 2019**  Business	As	Usual	("BAU")	$	per	MWh 34.84 $ 34.85

$ 34.88

$ 35.11

$ 35.34

$ 35.59

$ 35.64

$ 35.60

$ Market	Cost	Cases	$	per	MWh Low	Market

- $

-

$

-

$

-

$ 40.16

$ 40.16

$ 40.16

$ 40.16

$ Mid	Market

-

$

-

$

-

$

-

$ 40.16

$ 40.16

$ 40.16

$ 40.93

$ High	Market

-

$

-

$

-

$

-

$ 40.16

$ 40.89

$ 40.89

$ 41.62

$

SCR Incremental	Cost $	per	MWh

- $

-

$

-

$

-

$ 2.08

$ 3.67

$ 5.60

$ 5.46

$ SNCR Incremental	Cost $	per	MWh

- $

-

$

-

$

-

$ 0.56

$ 1.13

$ 1.73

$ 1.75

$

25	YR	NPV	@ **Plant	Shutdown	-	Go	to	Market** 7% Intall	Yrs.

Low	Market 34.84

$ 34.85

$ 34.88

$ 35.11

$ 35.34

$ 37.11

$ 38.66

$ 40.16

$ Mid	Market 34.84

$ 34.85

$ 34.88

$ 35.11

$ 35.34

$ 37.11

$ 38.66

$ 40.93

$ High	Market 34.84

$ 34.85

$ 34.88

$ 35.11

$ 35.34

$ 37.36

$ 39.14

$ 41.62

$

**$M Cost	Rank**  NPV	$	Cost Intall	Yrs. ($000) ($000) ($000) ($000) ($000) ($000) ($000) ($000) **8,439 $**  3 **8,438,730 $**  590,603 $ 590,845

$ 591,205

$ 595,114

$ 599,149

$ 629,149

$ 655,275

$ 680,822

$ **8,717 $**  2 **8,717,014 $**  590,603 $ 590,845

$ 591,205

$ 595,114

$ 599,149

$ 629,149

$ 655,275

$ 693,915

$ **8,806 $**  1 **8,806,185 $**  590,603 $ 590,845

$ 591,205

$ 595,114

$ 599,149

$ 633,276

$ 663,527

$ 705,579

$

25	YR	NPV	@ **SCR	Installation** 7% Intall	Yrs.

Intall	Yrs. ($000) ($000) ($000) ($000) ($000) ($000) ($000) ($000) 16/17/18 34.84

$ 34.85

$ 34.88

$ 35.11

$ 37.43

$ 39.26

$ 41.25

$ 41.06

$ SNCR 34.84

$ 34.85

$ 34.88

$ 35.11

$ 35.90

$ 36.72

$ 37.37

$ 37.35

$

**2012 2013**  **2014 2015**  **2016 2017**  **2018 2019**  **$M Cost	Rank**  NPV	$	Cost Intall	Yrs. ($000) ($000) ($000) ($000) ($000) ($000) ($000) ($000) **8,414 $**  1 **8,414,408 $**  16/17/18 590,603 $ 590,845

$ 591,205

$ 595,114

$ 634,486

$ 665,564

$ 699,191

$ 696,111

$ **8,021 $**  **8,021,448 $**  SNCR 590,603 $ 590,845

$ 591,205

$ 595,114

$ 608,564

$ 622,516

$ 633,546

$ 633,190

$

SCR	Installation	Premium	(SCR	Cost	-	Market	Cost) 1 (24,322) $ Low	Market 2 (302,606) $ Mid 3 (391,777) $ High

**$M Case**  NPV	$	Cost Intall	Yrs. **7,766 $**  BAU **7,766,003 $**  590,603 $ 590,845

$ 591,205

$ 595,114

$ 599,149

$ 603,313

$ 604,180

$ 603,470

$

**Incremental	NPV	Above	BAU SCR**  **Low	Mkt Mid	Mkt**  **High	Mkt SNCR** 

BART 16/17/18 **648 $**  **673**

**$ 951** 

**$ 1,040** 

**$** SNCR 16/17/18 **255 $**  Emissions	Control	Retrofit	Cases **FULL	PLANT,	DWP Share	to	POU** 

16/17/18

BART 16/17/18

BART

SCR $648

Low Mkt $673

Mid Mkt $951 High Mkt $1,040 $- $200 $400 $600 $800 $1,000 $1,200**$ m** **i l** **l i** **o n**  **NPV Difference between BAU & Cases; DWP Share to POU ($ million)** 16,951,775 16,951,775 16,951,775 16,951,775 16,951,775 16,951,775 16,951,775 16,951,775 16,951,775 16,951,775 16,951,775 16,951,775 **2020 2021**  **2022 2023**  **2024 2025**  **2026 2027**  **2028 2029**  **2030 2031**  36.75 $ 37.03

$ 37.42

$ 37.62

$ 37.82

$ 37.93

$ 38.06

$ 38.29

$ 38.74

$ 39.20

$ 39.46

$ 39.74

$

40.93 $ 41.71

$ 41.71

$ 42.51

$ 42.51

$ 44.11

$ 44.92

$ 44.92

$ 44.92

$ 44.92

$ 45.72

$ 45.72

$ 41.71 $ 42.48

$ 43.25

$ 44.80

$ 45.57

$ 46.34

$ 47.11

$ 47.89

$ 48.66

$ 48.66

$ 49.43

$ 49.43

$ 42.35 $ 43.08

$ 43.81

$ 44.80

$ 45.57

$ 47.04

$ 47.77

$ 48.51

$ 49.24

$ 49.98

$ 49.98

$ 50.71

$

5.33 $ 5.19

$ 5.05

$ 4.91

$ 4.77

$ 4.63

$ 4.49

$ 4.35

$ 4.21

$ 4.07

$ 3.93

$ 3.79

$ 1.77 $ 1.80

$ 1.82

$ 1.84

$ 1.86

$ 1.88

$ 1.90

$ 1.92

$ 1.94

$ 1.96

$ 1.98

$ 2.00

$

40.93 $ 41.71

$ 41.71

$ 42.51

$ 42.51

$ 44.11

$ 44.92

$ 44.92

$ 44.92

$ 44.92

$ 45.72

$ 45.72

$ 41.71 $ 42.48

$ 43.25

$ 44.80

$ 45.57

$ 46.34

$ 47.11

$ 47.89

$ 48.66

$ 48.66

$ 49.43

$ 49.43

$ 42.35 $ 43.08

$ 43.81

$ 44.80

$ 45.57

$ 47.04

$ 47.77

$ 48.51

$ 49.24

$ 49.98

$ 49.98

$ 50.71

$

($000) ($000) ($000) ($000) ($000) ($000) ($000) ($000) ($000) ($000) ($000) ($000) 693,915 $ 707,008

$ 707,008

$ 720,604

$ 720,604

$ 747,797

$ 761,393

$ 761,393

$ 761,393

$ 761,393

$ 774,989

$ 774,989

$ 707,008 $ 720,101

$ 733,193

$ 759,379

$ 772,471

$ 785,564

$ 798,657

$ 811,750

$ 824,842

$ 824,842

$ 837,935

$ 837,935

$ 717,958 $ 730,337

$ 742,715

$ 759,379

$ 772,471

$ 797,390

$ 809,849

$ 822,308

$ 834,768

$ 847,227

$ 847,227

$ 859,686

$

($000) ($000) ($000) ($000) ($000) ($000) ($000) ($000) ($000) ($000) ($000) ($000) 42.08 $ 42.22

$ 42.47

$ 42.52

$ 42.59

$ 42.56

$ 42.54

$ 42.64

$ 42.94

$ 43.26

$ 43.39

$ 43.53

$ 38.53 $ 38.83

$ 39.24

$ 39.45

$ 39.68

$ 39.81

$ 39.96

$ 40.21

$ 40.68

$ 41.16

$ 41.44

$ 41.74

$

**2020 2021**  **2022 2023**  **2024 2025**  **2026 2027**  **2028 2029**  **2030 2031**  ($000) ($000) ($000) ($000) ($000) ($000) ($000) ($000) ($000) ($000) ($000) ($000) 713,314 $ 715,662

$ 719,874

$ 720,812

$ 721,907

$ 721,452

$ 721,164

$ 722,763

$ 727,973

$ 733,362

$ 735,513

$ 737,860

$ 653,119 $ 658,192

$ 665,128

$ 668,790

$ 672,611

$ 674,880

$ 677,317

$ 681,640

$ 689,576

$ 697,689

$ 702,565

$ 707,636

$

623,044 $ 627,763

$ 634,346

$ 637,653

$ 641,119

$ 643,034

$ 645,117

$ 649,086

$ 656,667

$ 664,426

$ 668,948

$ 673,664

$

**NPV Difference between BAU & Cases; DWP Share to POU**16,951,775 16,951,775 16,951,775 16,951,775 16,951,775 **2032 2033**  **2034 2035**  **2036** 39.93 $ 40.13

$ 40.34

$ 40.67

$ 40.91

$

45.72 $ 46.52

$ 46.52

$ 47.32

$ 47.74

$ 50.20 $ 50.20

$ 50.20

$ 50.98

$ 51.62

$ 51.45 $ 52.18

$ 52.18

$ 51.45

$ 52.11

$

3.65 $ 3.51

$ 3.37

$ 3.23

$ 3.09

$ 2.02 $ 2.05

$ 2.07

$ 2.09

$ 2.11

$

45.72 $ 46.52

$ 46.52

$ 47.32

$ 47.74

$ 50.20 $ 50.20

$ 50.20

$ 50.98

$ 51.62

$ 51.45 $ 52.18

$ 52.18

$ 51.45

$ 52.11

$

($000) ($000) ($000) ($000) ($000) 774,989 $ 788,586

$ 788,586

$ 802,182

$ 809,250

$ 851,028 $ 851,028

$ 851,028

$ 864,121

$ 875,071

$ 872,145 $ 884,604

$ 884,604

$ 872,145

$ 883,326

$

($000) ($000) ($000) ($000) ($000) 43.58 $ 43.64

$ 43.71

$ 43.90

$ 44.00

$ 41.95 $ 42.18

$ 42.41

$ 42.76

$ 43.02

$

**2032 2033**  **2034 2035**  **2036** ($000) ($000) ($000) ($000) ($000) 738,692 $ 739,731

$ 740,983

$ 744,169

$ 745,866

$ 711,193 $ 714,957

$ 718,934

$ 724,844

$ 729,266

$

676,867 $ 680,277

$ 683,899

$ 689,455

$ 693,523

$**39310** $88.34 $42.39 $92.68 $42.30 16 8 66.67% 33.33% $73.02 $75.89 2007
**39311** $71.04 $38.89 $75.94 $40.00 16 8 66.67% 33.33% $60.32 $63.96 2007
**39312** $71.04 $38.89 $75.94 $40.00 16 8 66.67% 33.33% $60.32 $63.96 2007E C/R Energy Strategies E.N. 1109 **FCPP - SCR Cost Assessment Model**

**DWP to POU Navajo Generating Station (NGS) Economic Assessment Model** 
**Case Names Description** 

Year **2005 2006**  **2007 2008**  **2009 2010**  **2011 2012**  **2013 2014**  **2015 2016**  **2017 2018**  **2019 2020**  **2021 2022**  **2023 2024**  Year No. Starting 2012 NA NA NA NA NA NA 0 1 2 3 4 5 6 7 8 9 10 11 12 13

NA NA NA NA NA NA 1/1/2005 1/1/2006 1/1/2007 1/1/2008 1/1/2009 1/1/2010 1/1/2011 1/1/2012 1/1/2013 1/1/2014 1/1/2015 1/1/2016 1/1/2017 1/1/2018 1/1/2019 1/1/2020 1/1/2021 1/1/2022 1/1/2023 1/1/2024

**Units 25 YR NPV** 

**From 2012**

a **Generation Statistics** b Gross Capacity MW 2,409 2,409 2,409 2,409 2,409 2,409 2,409 2,409 2,409 2,409 2,409 2,409 2,409 2,409 2,409 2,409 2,409 2,409 2,409 2,409

c Operating Capacity MW 2,250 2,250 2,250 2,250 2,250 2,250 2,250 2,250 2,250 2,250 2,250 2,250 2,250 2,250 2,250 2,250 2,250 2,250 2,250 2,250 d Efficiency Vs. Base Case Efficiency % 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100%

e Net Generation MWh 423,794,375 17,030,674 17,538,831 17,616,339 17,522,979 16,140,683 16,429,593 16,951,775 16,951,775 16,951,775 16,951,775 16,951,775 16,951,775 16,951,775 16,951,775 16,951,775 16,951,775 16,951,775 16,951,775 16,951,775 16,951,775 f Capacity Factor % 86% 89% 89% 89% 82% 87% 86% 86% 86% 86% 86% 86% 86% 86% 86% 86% 86% 86% 86% 86%

**Base Case Plant as of 2011** 

1 **Capital Expense (CAPEX)**

2 **Depreciation Expense** 3 Net Plant in Service $000 1,152,918 $ 1,128,337

$ 1,084,940

$ 1,041,542

$ 998,144

$ 954,747

$ 911,349

$ 867,952

$ 824,554

$ 781,157

$ 737,759

$ 694,361

$ 650,964

$ 607,566

$ 564,169

$
4 Annual Depreciation Expense $000 43,398 $ 43,398

$ 43,398

$ 43,398

$ 43,398

$ 43,398

$ 43,398

$ 43,398

$ 43,398

$ 43,398

$ 43,398

$ 43,398

$ 43,398

$ 43,398

$ 43,398

$ 5 Accumulated Depreciation $000 623,899 667,296 $ 710,694 754,091 797,489 840,887 884,284 927,682 971,079 1,014,477 1,057,874 1,101,272 1,144,670 1,188,067 1,231,465 6 7 **Return on Capital** 8 Capital Recovery $000 **752** 97,978 95,889 92,201 88,513 84,825 81,137 77,449 73,761 70,073 66,385 62,697 59,009 55,321 51,633 47,945 9 $ per MWh 5.66 5.44 5.22 5.00 4.79 4.57 4.35 4.13 3.92 3.70 3.48 3.26 3.05 2.83 10 11 **Total CAPEX** (Depreciation + Return on Capital) $000 **1,293** 141,376 139,287 135,599 131,911 128,223 124,535 120,846 117,158 113,470 109,782 106,094 102,406 98,718 95,030 91,342 12 $ per MWh 8.60 8.22 8.00 7.78 7.56 7.35 7.13 6.91 6.69 6.48 6.26 6.04 5.82 5.61 5.39

13 **Operating Expense (OPEX)**

14 **Fuel Expenses** 15 Cost Price Change (Year over Year) % 1.5% -2.5% -2.1% 0.0% 0.0% 1.1% 1.0% 1.0% 0.0% -0.5% 1.0% 1.0% 1.5% 0.5% 0.5% 16 Fuel Expense $000 **4,231** 217,336 251,483 290,795 305,647 266,476 292,409 330,869 324,012 324,012 324,012 327,440 330,869 334,298 334,298 332,583 336,012 339,441 344,584 346,298 348,012 17 $ per MWh 12.76 14.34 16.51 17.44 16.51 17.80 19.52 19.11 19.11 19.11 19.32 19.52 19.72 19.72 19.62 19.82 20.02 20.33 20.43 20.53 18 3,429 336,012 19 **Non-Fuel Operating & Maintenance Expenses** 20,058 352,641 20 Operating Expenses 21 Op. Supervision & Engineering $000 10,025 11,620 9,497 10,727 8,644 10,852 10,880 11,207 11,543 11,889 12,246 12,613 12,992 13,381 13,783 14,196 14,622 15,061 15,513 15,978 22 Total Steam/Hydraulic Expense $000 8,067 9,237 11,438 12,545 12,939 12,706 14,638 15,077 15,529 15,995 16,475 16,969 17,478 18,002 18,542 19,099 19,672 20,262 20,870 21,496 23 Electric Expenses $000 901 1,653 2,664 3,128 3,740 3,668 3,764 3,877 3,994 4,113 4,237 4,364 4,495 4,630 4,768 4,912 5,059 5,211 5,367 5,528 24 Misc. Power Expenses $000 13,701 14,805 22,196 16,849 16,924 14,718 15,606 16,074 16,556 17,053 17,564 18,091 18,634 19,193 19,769 20,362 20,973 21,602 22,250 22,918 25 Rents $000 475 479 456 469 458 458 458 472 486 501 516 531 547 563 580 598 616 634 653 673 26 Allowances $000

- - - - - - - - - - - - - - - - - - - - 27 Total Non-Fuel Operating Expenses $000 **767** 33,168 37,793 46,250 43,719 42,706 42,403 45,346 46,707 48,108 49,551 51,038 52,569 54,146 55,770 57,443 59,166 60,941 62,770 64,653 66,592 28 1.95 2.15 2.63 2.49 2.65 2.58 2.68 2.76 2.84 2.92 3.01 3.10 3.19 3.29 3.39 3.49 3.59 3.70 3.81 3.93 29 Maintenance Expenses
30 Supervision & Engineering $000 3,875 4,016 4,239 5,345 7,257 7,984 7,405 7,627 7,856 8,092 8,334 8,584 8,842 9,107 9,380 9,662 9,952 10,250 10,558 10,874 31 Structures $000 1,595 2,101 1,664 2,171 3,135 3,039 2,376 2,447 2,521 2,596 2,674 2,754 2,837 2,922 3,010 3,100 3,193 3,289 3,387 3,489
32 Boiler/Reactor/Reservoirs & Dams $000 30,741 25,723 24,939 27,725 41,809 36,127 46,925 48,332 49,782 51,276 52,814 54,399 56,031 57,711 59,443 61,226 63,063 64,955 66,903 68,910 33 Electric Plant $000 12,623 7,234 4,360 8,992 20,627 16,470 19,044 19,615 20,203 20,809 21,434 22,077 22,739 23,421 24,124 24,848 25,593 26,361 27,152 27,966 34 Misc. Plant $000 4,415 4,769 3,688 3,520 3,782 3,325 6,082 6,265 6,453 6,646 6,846 7,051 7,263 7,480 7,705 7,936 8,174 8,419 8,672 8,932
35 Total Maintenance Expenses $000 **1,384** 53,249 43,843 38,890 47,753 76,610 66,945 81,831 84,286 86,815 89,419 92,102 94,865 97,711 100,642 103,662 106,771 109,975 113,274 116,672 120,172 36 $ per MWh 3.13 2.50 2.21 2.73 4.75 4.07 4.83 4.97 5.12 5.27 5.43 5.60 5.76 5.94 6.12 6.30 6.49 6.68 6.88 7.09 37 **Production Costs** 38 CO2 cost If Included

- $ **6,382** 303,753 333,119 375,934 397,119 385,792 401,758 458,047 455,005 458,934 462,982 470,580 478,303 486,154 490,710 493,688 501,950 510,357 520,627 527,623 534,777 39 Total Production $ per MWh 17.84 18.99 21.34 22.66 23.90 24.45 27.02 26.84 27.07 27.31 27.76 28.22 28.68 28.95 29.12 29.61 30.11 30.71 31.12 31.55 40 **Base Case Total Cost of Electricity**  Cost of Electricity $000 **7,766** 543,133.2 597,333 590,603 590,845 591,205 595,114 599,149 603,313 604,180 603,470 623,044 627,763 634,346 637,653 641,119 Cost of Electricity $ per MWh 17.84 18.99 21.34 22.66 23.90 33.06 35.24 34.84 34.85 34.88 35.11 35.34 35.59 35.64 35.60 36.75 37.03 37.42 37.62 37.82

**SNCR Incremental to Base Case** 

1 Net Generation MWh 339,035,500 17,030,674 17,538,831 17,616,339 17,522,979 16,140,683 16,429,593 16,951,775 16,951,775 16,951,775 16,951,775 16,951,775 16,951,775 16,951,775 16,951,775 16,951,775 16,951,775 16,951,775 16,951,775 16,951,775 16,951,775

2 Incremental Capital Expense (CAPEX)

3 Incremental Plant In Service 4 Unit 1 $000

- - - - - **15,148** 15,148 15,148 15,148 15,148 15,148 15,148 15,148 5 Unit 2 $000

- - - - **14,707** 14,707 14,707 14,707 14,707 14,707 14,707 14,707 14,707 6 Unit 3 $000

- - - - - - **15,602** 15,602 15,602 15,602 15,602 15,602 15,602 9 Total Incremental Plant in Service $000

- 14,707 29,854 45,457 45,457 45,457 45,457 45,457 45,457 45,457 10
11 Depreciation Expense 12 Unit 1 13 Starting Book Value $000 15,148 14,390 13,633 12,876 12,118 11,361 10,603 9,846 14 Annual Depreciation Expense $000 757 757 757 757 757 757 757 757

Ending Book Value 14,390 13,633 12,876 12,118 11,361 10,603 9,846 9,089 15 Accumulated Depreciation $000 757 1,515 2,272 3,030 3,787 4,544 5,302 6,059 16 Unit 2 17 Starting Book Value $000 14,707 13,971 13,236 12,501 11,765 11,030 10,295 9,559 8,824 18 Annual Depreciation Expense $000 735 735 735 735 735 735 735 735 735

Ending Book Value 13,971 13,236 12,501 11,765 11,030 10,295 9,559 8,824 8,089 19 Accumulated Depreciation $000 735 1,471 2,206 2,941 3,677 4,412 5,147 5,883 6,618 2018 **$Million**

2017 2016 BASE SNCR SCR Baghouse Plant As Operated Through 2011

Base Case + Incremental SNCR Base Case + Incremental SCR Baghouse as Incremental to Base Case

09000064811c2027 Total Plant w DWP Share to POUE C/R Energy Strategies E.N. 1109 **FCPP - SCR Cost Assessment Model**

20 Unit 3 21 Starting Book Value $000 15,602 14,822 14,042 13,262 12,482 11,702 10,922 22 Annual Depreciation Expense $000 780 780 780 780 780 780 780

Ending Book Value 14,822 14,042 13,262 12,482 11,702 10,922 10,141 23 Accumulated Depreciation $000 780 1,560 2,340 3,120 3,901 4,681 5,461 32

- - - - - - - - - - 33 Total Incremental Depreciation Expense

- - - - - 735 1,493 2,273 2,273 2,273 2,273 2,273 2,273 2,273 34 35 36 Return on Capital 37 Book Value $000 **233**

- - - - - 14,707 29,119 43,229 40,956 38,683 36,410 34,137 31,865 29,592 38 Capital Recovery $000 **22**

- - - - - 1,396 2,764 4,103 3,887 3,671 3,456 3,240 3,024 2,809 39 40 Total Incremental CAPEX $000 **40**

- - - - - 2,131 4,256 6,376 6,160 5,944 5,729 5,513 5,297 5,081 41 $ per MWh

- - - - - 0.13 0.25 0.38 0.36 0.35 0.34 0.33 0.31 0.30

42 Incremental Operating Expense (OPEX)

43 Incremental OPEX 44 Unit 1 $000

- - - - - - 7,473 7,663 7,853 8,043 8,233 8,423 8,613 8,803 45 Unit 2 $000

- - - - - 7,283 7,473 7,663 7,853 8,043 8,233 8,423 8,613 8,803 46 Unit 3 $000

- - - - - - - 7,663 7,853 8,043 8,233 8,423 8,613 8,803 49 Total Incremental OPEX $000 **215**

- - - - - 7,283 14,947 22,990 23,560 24,130 24,700 25,270 25,840 26,410 50 Total Incremental OPEX $ per MWh 0.00 0.00 0.00 0.00 0.00 0.43 0.88 1.36 1.39 1.42 1.46 1.49 1.52 1.56 51 52 **Total Incremental Cost**
53 **Incremental CAPX + OPEX** $000 **255**

- - - - - 9,414 19,203 29,366 29,720 30,074 30,429 30,783 31,137 31,491 54 **Unit Cost: Total Incremental** $ per MWh 0.00 0.00 0.00 0.00 0.00 0.56 1.13 1.73 1.75 1.77 1.80 1.82 1.84 1.86 55 56 **SNCR Total Cost of Electricity** 

Base Case Cost + Incremental Cost $000 **8,021** $ 597,333 $ 590,603 $ 590,845 $ 591,205 $ 595,114 $ 608,564 $ 622,516 $ 633,546 $ 633,190 $ 653,119 $ 658,192 $ 665,128 $ 668,790 $ 672,611
Base Case Cost + Incremental Cost $ per MWh 35.24 34.84 34.85 34.88 35.11 35.90 36.72 37.37 37.35 38.53 38.83 39.24 39.45 39.68
**Incremental to BAU $ per MWh** 

**- -**  **- -**  **- 0.56**  **1.13 1.73**  **1.75 1.77**  **1.80 1.82**  **1.84 1.86** 

**SCR Base Case + Selective Catalytic Reduction + Baghouse** 

1 Net Generation MWh 339,035,500 17,030,674 17,538,831 17,616,339 17,522,979 16,140,683 16,429,593 16,951,775 16,951,775 16,951,775 16,951,775 16,951,775 16,951,775 16,951,775 16,951,775 16,951,775 16,951,775 16,951,775 16,951,775 16,951,775 16,951,775

2 **Incremental Capital Expense (CAPEX)**

3 **Incremental Plant In Service** 4 Unit 1 $000

**- -**  **-** - - **159,431** 159,431 159,431 159,431 159,431 159,431 159,431 159,431 5 Unit 2 $000

**-** - - - **212,254** 212,254 212,254 212,254 212,254 212,254 212,254 212,254 212,254 6 Unit 3 $000

**-** - - **-** - - **203,340** 203,340 203,340 203,340 203,340 203,340 203,340 9 Total Incremental Plant in Service $000

- - - - - 212,254 371,686 575,026 575,026 575,026 575,026 575,026 575,026 575,026 10
11 **Depreciation Expense** 12 Unit 1 13 Starting Book Value $000 159,431 151,460 143,488 135,517 127,545 119,574 111,602 103,630 14 Annual Depreciation Expense $000 7,972 7,972 7,972 7,972 7,972 7,972 7,972 7,972

Ending Book Value 151,460 143,488 135,517 127,545 119,574 111,602 103,630 95,659 15 Accumulated Depreciation $000 7,972 15,943 23,915 31,886 39,858 47,829 55,801 63,773 16 Unit 2 17 Starting Book Value $000 212,254 201,641 191,029 180,416 169,803 159,191 148,578 137,965 127,352 18 Annual Depreciation Expense $000 10,613 10,613 10,613 10,613 10,613 10,613 10,613 10,613 10,613

Ending Book Value 201,641 191,029 180,416 169,803 159,191 148,578 137,965 127,352 116,740 19 Accumulated Depreciation $000 10,613 21,225 31,838 42,451 53,064 63,676 74,289 84,902 95,514 20 Unit 3 21 Starting Book Value $000 203,340 193,173 183,006 172,839 162,672 152,505 142,338 22 Annual Depreciation Expense $000 10,167 10,167 10,167 10,167 10,167 10,167 10,167

Ending Book Value 193,173 183,006 172,839 162,672 152,505 142,338 132,171 23 Accumulated Depreciation $000 10,167 20,334 30,501 40,668 50,835 61,002 71,169 32 33 Total Incremental Depreciation Expense

- - - - - 10,613 18,584 28,751 28,751 28,751 28,751 28,751 28,751 28,751 34 35 36 **Return on Capital** 37 Book Value $000 **2,952**

- - - - - 212,254 361,073 545,829 517,077 488,326 459,575 430,823 402,072 373,321 38 Capital Recovery $000 **280**

- - - - - 20,145 34,269 51,805 49,076 46,347 43,618 40,889 38,161 35,432 39 40 **Total Incremental CAPEX** $000 **513**

- - - - - 30,758 52,854 80,556 77,827 75,098 72,370 69,641 66,912 64,183 41 $ per MWh

- - - - - 1.81 3.12 4.75 4.59 4.43 4.27 4.11 3.95 3.79

42 **Incremental Operating Expense (OPEX)**

43 **Incremental OPEX** 44 Unit 1 $000

- - - - - - 4,699 4,818 4,938 5,057 5,177 5,296 5,416 5,535 45 Unit 2 $000

- - - - - 4,579 4,699 4,818 4,938 5,057 5,177 5,296 5,416 5,535 46 Unit 3 $000

- - - - - - - 4,818 4,938 5,057 5,177 5,296 5,416 5,535 49 Total Incremental OPEX $000 **135**

- - - - - - 4,579 9,398 14,455 14,813 15,171 15,530 15,888 16,247 16,605 50 Total Incremental OPEX $ per MWh 0.00 0.00 0.00 0.00 0.00 0.00 0.27 0.55 0.85 0.87 0.89 0.92 0.94 0.96 0.98 51 52 **Total Incremental Cost**
53 **Incremental CAPX + OPEX** $000 **648**

- - - - - 35,337 62,251 95,011 92,640 90,270 87,899 85,529 83,159 80,788 54 **Unit Cost: Total Incremental** $ per MWh 0.00 0.00 0.00 0.00 0.00 2.08 3.67 5.60 5.46 5.33 5.19 5.05 4.91 4.77 55 56 **SCR Case Total Cost of Electricity** 

Base Case Cost + Incremental Costs $000 **8,414** $ 597,333 $ 590,603 $ 590,845 $ 591,205 $ 595,114 $ 634,486 $ 665,564 $ 699,191 $ 696,111 $ 713,314 $ 715,662 $ 719,874 $ 720,812 $ 721,907 Base Case Cost + Incremental Costs $ per MWh 35.24 34.84 34.85 34.88 35.11 37.43 39.26 41.25 41.06 42.08 42.22 42.47 42.52 42.59
**Incremental to BAU $ per MWh** 

**- -**  **- -**  **- 2.08**  **3.67 5.60**  **5.46 5.33**  **5.19 5.05**  **4.91 4.77**  2018 2017 2016

2016 2018 2017

2017 2016 2018

09000064811c2027 Total Plant w DWP Share to POUE C/R Energy Strategies E.N. 1109 **FCPP - SCR Cost Assessment Model**

**Baghouse Incremental to SCR** 

1 Net Generation MWh 339,035,500 17,030,674 17,538,831 17,616,339 17,522,979 16,140,683 16,429,593 16,951,775 16,951,775 16,951,775 16,951,775 16,951,775 16,951,775 16,951,775 16,951,775 16,951,775 16,951,775 16,951,775 16,951,775 16,951,775 16,951,775

2 **Incremental Capital Expense (CAPEX)**

3 **Incremental Plant In Service** 4 Unit 1 $000

- - **-** - **263,120** 263,120 263,120 263,120 263,120 263,120 263,120 263,120 263,120 5 Unit 2 $000

- - - **237,780** 237,780 237,780 237,780 237,780 237,780 237,780 237,780 237,780 237,780 6 Unit 3 $000

- - - **-** - **198,429** 198,429 198,429 198,429 198,429 198,429 198,429 198,429 9 Total Incremental Plant in Service $000

- 237,780 500,900 699,329 699,329 699,329 699,329 699,329 699,329 699,329 699,329
10
11 **Depreciation Expense** 12 Unit 1 13 Starting Book Value $000 263,120 249,964 236,808 223,652 210,496 197,340 184,184 171,028 157,872 14 Annual Depreciation Expense $000 13,156 13,156 13,156 13,156 13,156 13,156 13,156 13,156 13,156

Ending Book Value 249,964 236,808 223,652 210,496 197,340 184,184 171,028 157,872 144,716 15 Accumulated Depreciation $000 13,156 26,312 39,468 52,624 65,780 78,936 92,092 105,248 118,404 16 Unit 2 17 Starting Book Value $000 237,780 225,891 214,002 202,113 190,224 178,335 166,446 154,557 142,668 130,779 18 Annual Depreciation Expense $000 11,889 11,889 11,889 11,889 11,889 11,889 11,889 11,889 11,889 11,889

Ending Book Value 225,891 214,002 202,113 190,224 178,335 166,446 154,557 142,668 130,779 118,890 19 Accumulated Depreciation $000 11,889 23,778 35,667 47,556 59,445 71,334 83,223 95,112 107,001 118,890 20 Unit 3 21 Starting Book Value $000 198,429 188,508 178,586 168,665 158,743 148,822 138,900 128,979 22 Annual Depreciation Expense $000 9,921 9,921 9,921 9,921 9,921 9,921 9,921 9,921

Ending Book Value 188,508 178,586 168,665 158,743 148,822 138,900 128,979 119,057 23 Accumulated Depreciation $000 9,921 19,843 29,764 39,686 49,607 59,529 69,450 79,372 32 33 Total Incremental Depreciation Expense

- - - - 11,889 25,045 34,966 34,966 34,966 34,966 34,966 34,966 34,966 34,966 34 35 36 **Return on Capital** 37 Book Value $000 **3,854**

- - - - 237,780 489,011 662,395 627,429 592,462 557,496 522,529 487,563 452,596 417,630 38 Capital Recovery $000 **366**

- - - - 22,568 46,412 62,868 59,549 56,231 52,912 49,593 46,275 42,956 39,637 39 40 **Total Incremental CAPEX** $000 **670**

- - - - 34,457 71,457 97,834 94,516 91,197 87,878 84,560 81,241 77,922 74,604 41 $ per MWh

- - - - 2.03 4.22 5.77 5.58 5.38 5.18 4.99 4.79 4.60 4.40

42 **Incremental Operating Expense (OPEX)**

43 **Incremental OPEX** 44 Unit 1 $000

- - - - 3,564 3,656 3,749 3,842 3,935 4,028 4,121 4,214 4,307 45 Unit 2 $000

- - - 3,471 3,564 3,656 3,749 3,842 3,935 4,028 4,121 4,214 4,307 46 Unit 3 $000

- - - - - 3,656 3,749 3,842 3,935 4,028 4,121 4,214 4,307 49 Total Incremental OPEX $000 **113**

- - - - 3,471 7,127 10,969 11,248 11,527 11,806 12,085 12,364 12,643 12,922 50 Total Incremental OPEX $ per MWh 0.00 0.00 0.00 0.00 0.20 0.42 0.65 0.66 0.68 0.70 0.71 0.73 0.75 0.76 51 52 **Total Incremental Cost**
53 **Incremental CAPX + OPEX** $000 **783**

- - - - 37,927 78,584 108,804 105,764 102,724 99,685 96,645 93,605 90,565 87,525 54 **Unit Cost: Total Incremental** $ per MWh 0.00 0.00 0.00 0.00 2.24 4.64 6.42 6.24 6.06 5.88 5.70 5.52 5.34 5.16 55 56 **Baghouse Total Cost of Electricity** 

Incremental Cost $000 **783** $ - $ - $ - $ - $ 37,927 $ 78,584 $ 108,804 $ 105,764 $ 102,724 $ 99,685 $ 96,645 $ 93,605 $ 90,565 $ 87,525
**Incremental to BAU $ per MWh**  0.00 0.00 0.00 0.00 2.24 4.64 6.42 6.24 6.06 5.88 5.70 5.52 5.34 5.16

**CASE COMPARISONS**
**BAU NPV**  **7,766 Undiscounted**  15,967 **$ per MWh** 37.68 **SNCR NPV**  **8,021 Undiscounted**  16,613 **$ per MWh** 39.20 **SCR NPV**  **8,414 Undiscounted**  17,464 **$ per MWh** 41.21 **Baghouse NPV**  **783**

ONLY USED AS INCREMENTAL TO SCR **Undiscounted** 1,652 **$ per MWh** 3.90 **SCR+Baghouse NPV**  **9,197**

**Undiscounted** 19,116 Market Prices in 2018 for Full Shutdown. BAU Cost Until Then **$ per MWh** 45.11 Market Price in Use During Phased Shutdown Scenarios (Below)
**Low NPV**  **8,439** Low Trend

- $

-

$

-

$

-

$ 40.16

$ 40.16

$ 40.16

$ 40.16

$ 40.93

$ 41.71

$ 41.71

$ 42.51

$ 42.51

$
**Undiscounted** 17,788 597,333 590,603 590,845 591,205 595,114 599,149 603,313 680,822 680,822 693,915 707,008 707,008 720,604 720,604 **$ per MWh** 41.97 35.24 $ 34.84

$ 34.85

$ 34.88

$ 35.11

$ 35.34

$ 35.59

$ 40.16

$ 40.16

$ 40.93

$ 41.71

$ 41.71

$ 42.51

$ 42.51

$ **Mid NPV**  **8,717** Mid Trend

- $

-

$

-

$

-

$ 40.16

$ 40.16

$ 40.16

$ 40.93

$ 41.71

$ 42.48

$ 43.25

$ 44.80

$ 45.57

$
**Undiscounted** 18,947 597,333 590,603 590,845 591,205 595,114 599,149 603,313 680,822 693,915 707,008 720,101 733,193 759,379 772,471 **$ per MWh** 44.71 35.24 $ 34.84

$ 34.85

$ 34.88

$ 35.11

$ 35.34

$ 35.59

$ 40.16

$ 40.93

$ 41.71

$ 42.48

$ 43.25

$ 44.80

$ 45.57

$ **High NPV**  **8,967** High Trend

- $

-

$

-

$

-

$ 40.16

$ 40.89

$ 40.89

$ 41.62

$ 42.35

$ 43.08

$ 43.81

$ 44.80

$ 45.57

$
**Undiscounted** 19,211 597,333 590,603 590,845 591,205 595,114 599,149 603,313 693,201 705,579 717,958 730,337 742,715 759,379 772,471 **$ per MWh** 45.33 35.24 $ 34.84

$ 34.85

$ 34.88

$ 35.11

$ 35.34

$ 35.59

$ 40.89

$ 41.62

$ 42.35

$ 43.08

$ 43.81

$ 44.80

$ 45.57

$ 2016 2015 2017

2016 2015 2017

09000064811c2027 Total Plant w DWP Share to POUE C/R Energy Strategies E.N. 1109 **FCPP - SCR Cost Assessment Model**

09000064811c2027 Total Plant w DWP Share to POUE C/R Energy Strategies E.N. 1109 **FCPP - SCR Cost Assessment Model**

**DWP to POU Navajo Generating Station (NGS) Economic Assessment Model** 
**Case Names Description** 

a **Generation Statistics** b Gross Capacity

c Operating Capacity d Efficiency Vs. Base Case Efficiency

e Net Generation f Capacity Factor

**Base Case Plant as of 2011** 

1 **Capital Expense (CAPEX)**

2 **Depreciation Expense** 3 Net Plant in Service 4 Annual Depreciation Expense 5 Accumulated Depreciation 6 7 **Return on Capital** 8 Capital Recovery 9 10 11 **Total CAPEX** (Depreciation + Return on Capital) 12

13 **Operating Expense (OPEX)**

14 **Fuel Expenses** 15 Cost Price Change (Year over Year) 16 Fuel Expense 17 18 19 **Non-Fuel Operating & Maintenance Expenses** 20 Operating Expenses 21 Op. Supervision & Engineering 22 Total Steam/Hydraulic Expense 23 Electric Expenses 24 Misc. Power Expenses 25 Rents 26 Allowances
27 Total Non-Fuel Operating Expenses 28 29 Maintenance Expenses
30 Supervision & Engineering
31 Structures
32 Boiler/Reactor/Reservoirs & Dams
33 Electric Plant 34 Misc. Plant
35 Total Maintenance Expenses 36 37 **Production Costs** 38 CO2 cost If Included 39 Total Production 40 **Base Case Total Cost of Electricity**  Cost of Electricity Cost of Electricity

**SNCR Incremental to Base Case** 

1 Net Generation

2 Incremental Capital Expense (CAPEX)

3 Incremental Plant In Service 4 Unit 1 5 Unit 2 6 Unit 3 9 Total Incremental Plant in Service 10
11 Depreciation Expense 12 Unit 1 13 Starting Book Value 14 Annual Depreciation Expense

Ending Book Value 15 Accumulated Depreciation 16 Unit 2 17 Starting Book Value 18 Annual Depreciation Expense

Ending Book Value 19 Accumulated Depreciation 2018 2017 2016 BASE SNCR SCR Baghouse Plant As Operated Through 2011

Base Case + Incremental SNCR Base Case + Incremental SCR Baghouse as Incremental to Base Case **2025 2026**  **2027 2028**  **2029 2030**  **2031 2032**  **2033 2034**  **2035**
14 15 16 17 18 19 20 21 22 23 24

1/1/2025 1/1/2026 1/1/2027 1/1/2028 1/1/2029 1/1/2030 1/1/2031 1/1/2032 1/1/2033 1/1/2034 1/1/2035

2,409 2,409 2,409 2,409 2,409 2,409 2,409 2,409 2,409 2,409 2,409 2,250 2,250 2,250 2,250 2,250 2,250 2,250 2,250 2,250 2,250 2,250 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 16,951,775 16,951,775 16,951,775 16,951,775 16,951,775 16,951,775 16,951,775 16,951,775 16,951,775 16,951,775 16,951,775 86% 86% 86% 86% 86% 86% 86% 86% 86% 86% 86%

520,771 $ 477,373

$ 433,978

$ 390,578

$ 347,181

$ 303,783

$ 260,386

$ 216,988

$ 173,590

$ 130,193

$ 86,795

$ 43,398 $ 43,398

$ 43,396

$ 43,400

$ 43,398

$ 43,398

$ 43,398

$ 43,398

$ 43,398

$ 43,398

$ 43,398

$ 1,274,862 1,318,260 1,361,656 1,405,055 1,448,453 1,491,850 1,535,248 1,578,645 1,622,043 1,665,441 1,708,838

44,257 40,568 36,881 33,192 29,504 25,816 22,128 18,440 14,752 11,064 7,376 2.61 2.39 2.18 1.96 1.74 1.52 1.31 1.09 0.87 0.65 0.44

87,654 83,966 80,276 76,592 72,902 69,214 65,526 61,838 58,150 54,462 50,774 5.17 4.95 4.74 4.52 4.30 4.08 3.87 3.65 3.43 3.21 3.00

0.0% 0.0% 0.5% 1.5% 1.4% 0.5% 0.5% 0.0% 0.0% 0.0% 0.5% 348,012 348,012 349,727 354,870 360,013 361,727 363,442 363,442 363,442 363,442 365,156 20.53 20.53 20.63 20.93 21.24 21.34 21.44 21.44 21.44 21.44 21.54

16,458 16,951 17,460 17,984 18,523 19,079 19,651 20,241 20,848 21,473 22,118 22,141 22,805 23,489 24,194 24,920 25,667 26,437 27,230 28,047 28,889 29,755 5,694 5,865 6,041 6,222 6,408 6,601 6,799 7,003 7,213 7,429 7,652 23,605 24,313 25,043 25,794 26,568 27,365 28,186 29,031 29,902 30,799 31,723 693 714 735 757 780 803 827 852 878 904 931

- - - - - - - - - - - 68,590 70,648 72,767 74,950 77,199 79,515 81,900 84,357 86,888 89,495 92,179 4.05 4.17 4.29 4.42 4.55 4.69 4.83 4.98 5.13 5.28 5.44

11,201 11,537 11,883 12,239 12,606 12,984 13,374 13,775 14,188 14,614 15,053 3,594 3,702 3,813 3,927 4,045 4,166 4,291 4,420 4,553 4,689 4,830 70,978 73,107 75,300 77,559 79,886 82,283 84,751 87,294 89,913 92,610 95,388 28,805 29,669 30,559 31,476 32,420 33,393 34,395 35,427 36,490 37,584 38,712 9,200 9,476 9,760 10,053 10,355 10,665 10,985 11,315 11,654 12,004 12,364 123,777 127,491 131,315 135,255 139,313 143,492 147,797 152,231 156,797 161,501 166,346 7.30 7.52 7.75 7.98 8.22 8.46 8.72 8.98 9.25 9.53 9.81

540,380 546,151 553,810 565,075 576,524 584,734 593,138 600,029 607,127 614,438 623,682 31.88 32.22 32.67 33.33 34.01 34.49 34.99 35.40 35.81 36.25 36.79

643,034 645,117 649,086 656,667 664,426 668,948 673,664 676,867 680,277 683,899 689,455 37.93 38.06 38.29 38.74 39.20 39.46 39.74 39.93 40.13 40.34 40.67

16,951,775 16,951,775 16,951,775 16,951,775 16,951,775 16,951,775 16,951,775 16,951,775 16,951,775 16,951,775 16,951,775

15,148 15,148 15,148 15,148 15,148 15,148 15,148 15,148 15,148 15,148 15,148 14,707 14,707 14,707 14,707 14,707 14,707 14,707 14,707 14,707 14,707 14,707 15,602 15,602 15,602 15,602 15,602 15,602 15,602 15,602 15,602 15,602 15,602 45,457 45,457 45,457 45,457 45,457 45,457 45,457 45,457 45,457 45,457 45,457

9,089 8,331 7,574 6,817 6,059 5,302 4,544 3,787 3,030 2,272 1,515 757 757 757 757 757 757 757 757 757 757 757 8,331 7,574 6,817 6,059 5,302 4,544 3,787 3,030 2,272 1,515 757 6,817 7,574 8,331 9,089 9,846 10,603 11,361 12,118 12,876 13,633 14,390

8,089 7,353 6,618 5,883 5,147 4,412 3,677 2,941 2,206 1,471 735 735 735 735 735 735 735 735 735 735 735 735 7,353 6,618 5,883 5,147 4,412 3,677 2,941 2,206 1,471 735 0 7,353 8,089 8,824 9,559 10,295 11,030 11,765 12,501 13,236 13,971 14,707

09000064811c2027 Total Plant w DWP Share to POUE C/R Energy Strategies E.N. 1109 **FCPP - SCR Cost Assessment Model**

20 Unit 3 21 Starting Book Value 22 Annual Depreciation Expense

Ending Book Value 23 Accumulated Depreciation 32 33 Total Incremental Depreciation Expense 34 35 36 Return on Capital 37 Book Value 38 Capital Recovery 39 40 Total Incremental CAPEX 41

42 Incremental Operating Expense (OPEX)

43 Incremental OPEX 44 Unit 1 45 Unit 2 46 Unit 3 49 Total Incremental OPEX 50 Total Incremental OPEX 51 52 **Total Incremental Cost**
53 **Incremental CAPX + OPEX** 54 **Unit Cost: Total Incremental** 55 56 **SNCR Total Cost of Electricity** 

Base Case Cost + Incremental Cost Base Case Cost + Incremental Cost
**Incremental to BAU**

**SCR Base Case + Selective Catalytic Reduction + Baghouse** 

1 Net Generation

2 **Incremental Capital Expense (CAPEX)**

3 **Incremental Plant In Service** 4 Unit 1 5 Unit 2 6 Unit 3 9 Total Incremental Plant in Service 10
11 **Depreciation Expense** 12 Unit 1 13 Starting Book Value 14 Annual Depreciation Expense

Ending Book Value 15 Accumulated Depreciation 16 Unit 2 17 Starting Book Value 18 Annual Depreciation Expense

Ending Book Value 19 Accumulated Depreciation 20 Unit 3 21 Starting Book Value 22 Annual Depreciation Expense

Ending Book Value 23 Accumulated Depreciation 32 33 Total Incremental Depreciation Expense 34 35 36 **Return on Capital** 37 Book Value 38 Capital Recovery 39 40 **Total Incremental CAPEX** 41

42 **Incremental Operating Expense (OPEX)**

43 **Incremental OPEX** 44 Unit 1 45 Unit 2 46 Unit 3 49 Total Incremental OPEX 50 Total Incremental OPEX 51 52 **Total Incremental Cost**
53 **Incremental CAPX + OPEX** 54 **Unit Cost: Total Incremental** 55 56 **SCR Case Total Cost of Electricity** 

Base Case Cost + Incremental Costs Base Case Cost + Incremental Costs
**Incremental to BAU** 2018 2017 2016

2016 2018 2017

2017 2016 2018 10,141 9,361 8,581 7,801 7,021 6,241 5,461 4,681 3,901 3,120 2,340 780 780 780 780 780 780 780 780 780 780 780 9,361 8,581 7,801 7,021 6,241 5,461 4,681 3,901 3,120 2,340 1,560 6,241 7,021 7,801 8,581 9,361 10,141 10,922 11,702 12,482 13,262 14,042

- - - - - - - - - - - 2,273 2,273 2,273 2,273 2,273 2,273 2,273 2,273 2,273 2,273 2,273

27,319 25,046 22,773 20,500 18,227 15,955 13,682 11,409 9,136 6,863 4,590 2,593 2,377 2,161 1,946 1,730 1,514 1,299 1,083 867 651 436

4,866 4,650 4,434 4,219 4,003 3,787 3,571 3,356 3,140 2,924 2,709 0.29 0.27 0.26 0.25 0.24 0.22 0.21 0.20 0.19 0.17 0.16

8,993 9,183 9,373 9,563 9,753 9,943 10,133 10,323 10,513 10,703 10,893 8,993 9,183 9,373 9,563 9,753 9,943 10,133 10,323 10,513 10,703 10,893 8,993 9,183 9,373 9,563 9,753 9,943 10,133 10,323 10,513 10,703 10,893 26,980 27,550 28,120 28,690 29,260 29,830 30,400 30,970 31,540 32,110 32,680 1.59 1.63 1.66 1.69 1.73 1.76 1.79 1.83 1.86 1.89 1.93

31,846 32,200 32,554 32,909 33,263 33,617 33,971 34,326 34,680 35,034 35,389 1.88 1.90 1.92 1.94 1.96 1.98 2.00 2.02 2.05 2.07 2.09

$ 674,880 $ 677,317 $ 681,640 $ 689,576 $ 697,689 $ 702,565 $ 707,636 $ 711,193 $ 714,957 $ 718,934 $ 724,844
39.81 39.96 40.21 40.68 41.16 41.44 41.74 41.95 42.18 42.41 42.76
**1.88 1.90**  **1.92 1.94**  **1.96 1.98**  **2.00 2.02**  **2.05 2.07**  **2.09**

16,951,775 16,951,775 16,951,775 16,951,775 16,951,775 16,951,775 16,951,775 16,951,775 16,951,775 16,951,775 16,951,775

159,431 159,431 159,431 159,431 159,431 159,431 159,431 159,431 159,431 159,431 159,431 212,254 212,254 212,254 212,254 212,254 212,254 212,254 212,254 212,254 212,254 212,254 203,340 203,340 203,340 203,340 203,340 203,340 203,340 203,340 203,340 203,340 203,340 575,026 575,026 575,026 575,026 575,026 575,026 575,026 575,026 575,026 575,026 575,026

95,659 87,687 79,716 71,744 63,773 55,801 47,829 39,858 31,886 23,915 15,943 7,972 7,972 7,972 7,972 7,972 7,972 7,972 7,972 7,972 7,972 7,972 87,687 79,716 71,744 63,773 55,801 47,829 39,858 31,886 23,915 15,943 7,972 71,744 79,716 87,687 95,659 103,630 111,602 119,574 127,545 135,517 143,488 151,460

116,740 106,127 95,514 84,902 74,289 63,676 53,064 42,451 31,838 21,225 10,613 10,613 10,613 10,613 10,613 10,613 10,613 10,613 10,613 10,613 10,613 10,613 106,127 95,514 84,902 74,289 63,676 53,064 42,451 31,838 21,225 10,613 0 106,127 116,740 127,352 137,965 148,578 159,191 169,803 180,416 191,029 201,641 212,254

132,171 122,004 111,837 101,670 91,503 81,336 71,169 61,002 50,835 40,668 30,501 10,167 10,167 10,167 10,167 10,167 10,167 10,167 10,167 10,167 10,167 10,167 122,004 111,837 101,670 91,503 81,336 71,169 61,002 50,835 40,668 30,501 20,334 81,336 91,503 101,670 111,837 122,004 132,171 142,338 152,505 162,672 172,839 183,006

28,751 28,751 28,751 28,751 28,751 28,751 28,751 28,751 28,751 28,751 28,751

344,570 315,818 287,067 258,316 229,564 200,813 172,062 143,311 114,559 85,808 57,057 32,703 29,974 27,246 24,517 21,788 19,059 16,330 13,602 10,873 8,144 5,415

61,454 58,726 55,997 53,268 50,539 47,810 45,082 42,353 39,624 36,895 34,167 3.63 3.46 3.30 3.14 2.98 2.82 2.66 2.50 2.34 2.18 2.02

5,654 5,774 5,893 6,013 6,132 6,252 6,371 6,491 6,610 6,730 6,849 5,654 5,774 5,893 6,013 6,132 6,252 6,371 6,491 6,610 6,730 6,849 5,654 5,774 5,893 6,013 6,132 6,252 6,371 6,491 6,610 6,730 6,849 16,963 17,322 17,680 18,038 18,397 18,755 19,114 19,472 19,830 20,189 20,547 1.00 1.02 1.04 1.06 1.09 1.11 1.13 1.15 1.17 1.19 1.21

78,418 76,047 73,677 71,306 68,936 66,566 64,195 61,825 59,454 57,084 54,714 4.63 4.49 4.35 4.21 4.07 3.93 3.79 3.65 3.51 3.37 3.23

$ 721,452 $ 721,164 $ 722,763 $ 727,973 $ 733,362 $ 735,513 $ 737,860 $ 738,692 $ 739,731 $ 740,983 $ 744,169
42.56 42.54 42.64 42.94 43.26 43.39 43.53 43.58 43.64 43.71 43.90
**4.63 4.49**  **4.35 4.21**  **4.07 3.93**  **3.79 3.65**  **3.51 3.37**  **3.23**

09000064811c2027 Total Plant w DWP Share to POUE C/R Energy Strategies E.N. 1109 **FCPP - SCR Cost Assessment Model**

**Baghouse Incremental to SCR** 

1 Net Generation

2 **Incremental Capital Expense (CAPEX)**

3 **Incremental Plant In Service** 4 Unit 1 5 Unit 2 6 Unit 3 9 Total Incremental Plant in Service
10
11 **Depreciation Expense** 12 Unit 1 13 Starting Book Value 14 Annual Depreciation Expense

Ending Book Value 15 Accumulated Depreciation 16 Unit 2 17 Starting Book Value 18 Annual Depreciation Expense

Ending Book Value 19 Accumulated Depreciation 20 Unit 3 21 Starting Book Value 22 Annual Depreciation Expense

Ending Book Value 23 Accumulated Depreciation 32 33 Total Incremental Depreciation Expense 34 35 36 **Return on Capital** 37 Book Value 38 Capital Recovery 39 40 **Total Incremental CAPEX** 41

42 **Incremental Operating Expense (OPEX)**

43 **Incremental OPEX** 44 Unit 1 45 Unit 2 46 Unit 3 49 Total Incremental OPEX 50 Total Incremental OPEX 51 52 **Total Incremental Cost**
53 **Incremental CAPX + OPEX** 54 **Unit Cost: Total Incremental** 55 56 **Baghouse Total Cost of Electricity** 

Incremental Cost **Incremental to BAU**

**CASE COMPARISONS**
**BAU**

**SNCR**

**SCR**

**Baghouse**

ONLY USED AS INCREMENTAL TO SCR

**SCR+Baghouse**

**Low**

**Mid**

**High** 2016 2015 2017

2016 2015 2017 16,951,775 16,951,775 16,951,775 16,951,775 16,951,775 16,951,775 16,951,775 16,951,775 16,951,775 16,951,775 16,951,775

263,120 263,120 263,120 263,120 263,120 263,120 263,120 263,120 263,120 263,120 263,120 237,780 237,780 237,780 237,780 237,780 237,780 237,780 237,780 237,780 237,780 237,780 198,429 198,429 198,429 198,429 198,429 198,429 198,429 198,429 198,429 198,429 198,429 699,329 699,329 699,329 699,329 699,329 699,329 699,329 699,329 699,329 699,329 699,329

144,716 131,560 118,404 105,248 92,092 78,936 65,780 52,624 39,468 26,312 13,156 13,156 13,156 13,156 13,156 13,156 13,156 13,156 13,156 13,156 13,156 13,156 131,560 118,404 105,248 92,092 78,936 65,780 52,624 39,468 26,312 13,156 0 131,560 144,716 157,872 171,028 184,184 197,340 210,496 223,652 236,808 249,964 263,120

118,890 107,001 95,112 83,223 71,334 59,445 47,556 35,667 23,778 11,889

- 11,889 11,889 11,889 11,889 11,889 11,889 11,889 11,889 11,889 11,889

- 107,001 95,112 83,223 71,334 59,445 47,556 35,667 23,778 11,889

- - 130,779 142,668 154,557 166,446 178,335 190,224 202,113 214,002 225,891 237,780 237,780

119,057 109,136 99,215 89,293 79,372 69,450 59,529 49,607 39,686 29,764 19,843 9,921 9,921 9,921 9,921 9,921 9,921 9,921 9,921 9,921 9,921 9,921 109,136 99,215 89,293 79,372 69,450 59,529 49,607 39,686 29,764 19,843 9,921 89,293 99,215 109,136 119,057 128,979 138,900 148,822 158,743 168,665 178,586 188,508

34,966 34,966 34,966 34,966 34,966 34,966 34,966 34,966 34,966 34,966 23,077

382,663 347,697 312,731 277,764 242,798 207,831 172,865 137,898 102,932 67,965 32,999 36,319 33,000 29,681 26,363 23,044 19,725 16,407 13,088 9,769 6,451 3,132

71,285 67,966 64,648 61,329 58,010 54,692 51,373 48,054 44,736 41,417 26,209 4.21 4.01 3.81 3.62 3.42 3.23 3.03 2.83 2.64 2.44 1.55

4,400 4,493 4,586 4,679 4,772 4,865 4,958 5,051 5,144 5,237 5,330 4,400 4,493 4,586 4,679 4,772 4,865 4,958 5,051 5,144 5,237 5,330 4,400 4,493 4,586 4,679 4,772 4,865 4,958 5,051 5,144 5,237 5,330 13,201 13,479 13,758 14,037 14,316 14,595 14,874 15,153 15,432 15,711 15,989 0.78 0.80 0.81 0.83 0.84 0.86 0.88 0.89 0.91 0.93 0.94

84,486 81,446 78,406 75,366 72,326 69,287 66,247 63,207 60,167 57,128 42,199 4.98 4.80 4.63 4.45 4.27 4.09 3.91 3.73 3.55 3.37 2.49

$ 84,486 $ 81,446 $ 78,406 $ 75,366 $ 72,326 $ 69,287 $ 66,247 $ 63,207 $ 60,167 $ 57,128 $ 42,199
4.98 4.80 4.63 4.45 4.27 4.09 3.91 3.73 3.55 3.37 2.49

44.11 $ 44.92

$ 44.92

$ 44.92

$ 44.92

$ 45.72

$ 45.72

$ 45.72

$ 46.52

$ 46.52

$ 47.32

$
747,797 761,393 761,393 761,393 761,393 774,989 774,989 774,989 788,586 788,586 802,182

44.11 $ 44.92

$ 44.92

$ 44.92

$ 44.92

$ 45.72

$ 45.72

$ 45.72

$ 46.52

$ 46.52

$ 47.32

$

46.34 $ 47.11

$ 47.89

$ 48.66

$ 48.66

$ 49.43

$ 49.43

$ 50.20

$ 50.20

$ 50.20

$ 50.98

$
785,564 798,657 811,750 824,842 824,842 837,935 837,935 851,028 851,028 851,028 864,121

46.34 $ 47.11

$ 47.89

$ 48.66

$ 48.66

$ 49.43

$ 49.43

$ 50.20

$ 50.20

$ 50.20

$ 50.98

$

47.04 $ 47.77

$ 48.51

$ 49.24

$ 49.98

$ 49.98

$ 50.71

$ 51.45

$ 52.18

$ 52.18

$ 51.45

$
797,390 809,849 822,308 834,768 847,227 847,227 859,686 872,145 884,604 884,604 872,145

47.04 $ 47.77

$ 48.51

$ 49.24

$ 49.98

$ 49.98

$ 50.71

$ 51.45

$ 52.18

$ 52.18

$ 51.45

$

09000064811c2027 Total Plant w DWP Share to POUE C/R Energy Strategies E.N. 1109 **FCPP - SCR Cost Assessment Model**

09000064811c2027 Total Plant w DWP Share to POUE C/R Energy Strategies E.N. 1109 **FCPP ASSESSMENT MODEL SUMMARY REPORT** Exhibit 1

**BAU SNCR**  **SCR SCR	+	Baghouse**  **Market Low	Trend** 

7,766 $ 8,021 $ 8,414

$ 9,197

$ 8,439

$

$ $																								255 $																								648 $																					1,431 $																								673

**%** 3% 8% 18% 9%

37.68 $ 39.20 $ 41.21

$ 45.11

$ 41.97

$

**Incremental	to	BAU 1.53** 

**$ 3.53** 

**$ 7.43** 

**$ 4.30** 

**$ NGS	-	Summary	Cost	Comparisons**  (2012-2036)	Straight	Line	Depreciation

Per	MWh	Costs **(25	year	non-discounted	$	cost	/	25	year	MWh)**

NPV	25	Year	Cost	by	Case	($Million)

Difference	in	Cost	for	Case **vs.	BAU** Case ($Million)

$- $2,000 $4,000 $6,000 $8,000 $10,000 $12,000

BAU SNCR SCR SCR	+	Baghouse

$7,766 $8,021 $8,414 $9,197

**25	Y r	Cost	of	Power	by	Case**  **Assuming	LADWP	Share	Owned	by	Publicly	Owned	Utility** Straight	Line	Depreciation 2012

- 2036	NPV	($Million)

$- $100 $200 $300 $400 $500 $600 $700 $800 $900 $1,000

BAU SNCR SCR SCR	+	Baghouse Low	Trend

$

- $255 $648 $1,431

**25	Y r	Cost	Incremental	to	BAU**  **Assuming	LADWP	Share	Owned	by	Publicly	Owned	Utility** Straight	Line	Depreciation	2012

- 2036	NPV	($Million)

09000064811c2027 Total & DWP as POU SummaryMWh	per Full	Plant 5,560,182 Per	Plant	Unit 1,853,394

**CAPEX	Unit	Cost	($/MWh)	Worksheets**

**Intall	Years Unit	No.**  **2012 2013**  **2014 2015**  **2016 2017**  **2018 2019**  **2020 2021**  **2022 2023**  **2024 2025**  **2026 2027**  **2028 2029**  **2030 2031**  **2032 2033**  **2034 2035**  **2036**
1 1.88 $ 1.81

$ 1.74

$ 1.67

$ 1.59

$ 1.52

$ 1.45

$ 1.38

$ 1.31

$ 1.24

$ 1.17

$ 1.10

$ 1.03

$ 0.96

$ 0.89

$ 0.82

$ 0.75

$ 0.68

$ 0.61

$ 0.54

$
2 2.50 $ 2.40

$ 2.31

$ 2.22

$ 2.12

$ 2.03

$ 1.94

$ 1.84

$ 1.75

$ 1.66

$ 1.56

$ 1.47

$ 1.37

$ 1.28

$ 1.19

$ 1.09

$ 1.00

$ 0.91

$ 0.81

$ 0.72

$ 0.63

$ 3 2.39 $ 2.30

$ 2.21

$ 2.12

$ 2.03

$ 1.94

$ 1.85

$ 1.77

$ 1.68

$ 1.59

$ 1.50

$ 1.41

$ 1.32

$ 1.23

$ 1.14

$ 1.05

$ 0.96

$ 0.87

$ 0.78

$
1 0.18 $ 0.17

$ 0.16

$ 0.16

$ 0.15

$ 0.14

$ 0.14

$ 0.13

$ 0.12

$ 0.12

$ 0.11

$ 0.10

$ 0.10

$ 0.09

$ 0.08

$ 0.08

$ 0.07

$ 0.06

$ 0.06

$ 0.05

$
2 0.17 $ 0.17

$ 0.16

$ 0.15

$ 0.15

$ 0.14

$ 0.13

$ 0.13

$ 0.12

$ 0.11

$ 0.11

$ 0.10

$ 0.10

$ 0.09

$ 0.08

$ 0.08

$ 0.07

$ 0.06

$ 0.06

$ 0.05

$ 0.04

$ 3 0.18 $ 0.18

$ 0.17

$ 0.16

$ 0.16

$ 0.15

$ 0.14

$ 0.14

$ 0.13

$ 0.12

$ 0.11

$ 0.11

$ 0.10

$ 0.09

$ 0.09

$ 0.08

$ 0.07

$ 0.07

$ 0.06

$

Per	Unit	OPEX

-

$

-

$

-

$ 4,460

$ 4,579

$ 4,699

$ 4,818

$ 4,938

$ 5,057

$ 5,177

$ 5,296

$ 5,416

$ 5,535

$ 5,654

$ 5,774

$ 5,893

$ 6,013

$ 6,132

$ 6,252

$ 6,371

$ 6,491

$ 6,610

$ 6,730

$ 6,849

$ 6,969

$ Per	MWh/Unit	OPEX

-

$

-

$

-

$ 0.26

$ 0.27

$ 0.28

$ 0.28

$ 0.29

$ 0.30

$ 0.31

$ 0.31

$ 0.32

$ 0.33

$ 0.33

$ 0.34

$ 0.35

$ 0.35

$ 0.36

$ 0.37

$ 0.38

$ 0.38

$ 0.39

$ 0.40

$ 0.40

$ 0.41

$
Per	Unit	OPEX

-

$

-

$

-

$ 7,093

$ 7,283

$ 7,473

$ 7,663

$ 7,853

$ 8,043

$ 8,233

$ 8,423

$ 8,613

$ 8,803

$ 8,993

$ 9,183

$ 9,373

$ 9,563

$ 9,753

$ 9,943

$ ##### ##### ##### ##### ##### ##### Per	MWh/Unit	OPEX

-

$

-

$

-

$ 0.42

$ 0.43

$ 0.44

$ 0.45

$ 0.46

$ 0.47

$ 0.49

$ 0.50

$ 0.51

$ 0.52

$ 0.53

$ 0.54

$ 0.55

$ 0.56

$ 0.58

$ 0.59

$ 0.60

$ 0.61

$ 0.62

$ 0.63

$ 0.64

$ 0.65

$

SCR Per	MWH

- $

-

$

-

$

-

$ 2.77

$ 4.83

$ 7.36

$ 7.13

$ 6.90

$ 6.66

$ 6.43

$ 6.20

$ 5.97

$ 5.73

$ 5.50

$ 5.27

$ 5.04

$ 4.81

$ 4.57

$ 4.34

$ 4.11

$ 3.88

$ 3.64

$ 3.41

$ 3.18

$

SNCR per	MWH

- $

-

$

-

$

-

$ 0.60

$ 1.23

$ 1.87

$ 1.89

$ 1.90

$ 1.91

$ 1.93

$ 1.94

$ 1.95

$ 1.97

$ 1.98

$ 1.99

$ 2.01

$ 2.02

$ 2.03

$ 2.05

$ 2.06

$ 2.08

$ 2.09

$ 2.10

$ 2.12

$

**CAPEX,	Depreciation,	&	OPEX	Cost	Estimation	Worksheets**

SCR

**Unit No.**  **Year	Installed Years	from	Cost**  **Est.	Year Installed	Year** 

**Cost	Dollars Amort.** 

**Period (Yrs)**  **Salvage Annual**  **Depreciation Annual** 

**Depreciation ($000)**  **Capital**

**Recovery**
1 2017 5 52,293,527 $ 20

- $ 2,614,676

$ 2,615

$ 14.95%
2 2016 4 69,619,338 $ 20

- $ 3,480,967

$ 3,481

$ 14.95%
3 2018 6 66,695,501 $ 20

- $ 3,334,775

$ 3,335

$ 14.95%

SNCR

**Unit No.**  **Year	Installed Years	from	Cost**  **Est.	Year Installed	Year** 

**Cost	Dollars Amort.** 

**Period (Yrs)**  **Salvage Annual**  **Depreciation Annual** 

**Depreciation ($000)**  **Capital**

**Recovery**
1 2017 5 4,968,494 $ 20

- $ 248,425

$ 248

$ 14.95%
2 2016 4 4,823,781 $ 20

- $ 241,189

$ 241

$ 14.95%
3 2018 6 5,117,549 $ 20

- $ 255,877

$ 256

$ 14.95% **IOU	ONLY	Share**

Total	Incremental Cost CAPEX	+	OPEX SCR

SNCR Incremental

$	Per	MWh	Per Plant	Unit	Due	to Incremental CAPEX SCR

SNCR

09000064811c2027 IOU ONLY Increm Costs

### Annual	MWh 5,560,182 5,560,182 5,560,182 **2012 2013**  **2014** Business	As	Usual	("BAU")	$	per	MWh 38.97 $ 38.82

$ 38.67

$ Market	Cost	Cases	$	per	MWh Low	Market

- $

-

$

-

$ Mid	Market

-

$

-

$

-

$ High	Market

-

$

-

$

-

$

SCR Incremental	Cost $	per	MWh

- $

-

$

-

$ SNCR Incremental	Cost $	per	MWh

- $

-

$

-

$

25	YR	NPV	@ **Plant	Shutdown	-	Go	to	Market** 7% Intall	Yrs.

Low	Market 38.97

$ 38.82

$ 38.67

$ Mid	Market 38.97

$ 38.82

$ 38.67

$ High	Market 38.97

$ 38.82

$ 38.67

$

**$M Cost	Rank**  NPV	$	Cost Intall	Yrs. ($000) ($000) ($000) **2,874 $**  3 **2,873,646 $**  216,664 $ 215,826

$ 215,026

$ **2,965 $**  2 **2,964,923 $**  216,664 $ 215,826

$ 215,026

$ **2,994 $**  1 **2,994,171 $**  216,664 $ 215,826

$ 215,026

$

25	YR	NPV	@ **SCR	Installation** 7% Intall	Yrs.

Intall	Yrs. ($000) ($000) ($000) 16/17/18 38.97

$ 38.82

$ 38.67

$ SNCR 38.97

$ 38.82

$ 38.67

$

**2012 2013**  **2014 $M**  **Cost	Rank** NPV	$	Cost Intall	Yrs. ($000) ($000) ($000) **3,061 $**  1 **3,061,176 $**  16/17/18 216,664 $ 215,826

$ 215,026

$ **2,884 $**  **2,883,630 $**  SNCR 216,664 $ 215,826

$ 215,026

$

SCR	Installation	Premium	(SCR	Cost	-	Market	Cost) 1 187,530 $ Low	Market 2 96,253 $ Mid 3 67,005 $ High

**$M Case**  NPV	$	Cost **2,796 $**  BAU 

### 2,795,679 **$** 216,664 $ 215,826

$ 215,026

$



### Incremental	NPV	Above	BAU **SCR Low	Mkt**  **Mid	Mkt**

BART 

### 16/17/18 **265 $**  **78**

**$ 169** 

**$**
SNCR 

### 16/17/18 Emissions	Control	Retrofit	Cases **IOU	ONLY**

16/17/18

BART 16/17/18

### 5,560,182 5,560,182 5,560,182 5,560,182 5,560,182 5,560,182

**2015 2016**  **2017 2018**  **2019 2020**  38.74 $ 38.81

$ 38.89

$ 38.78

$ 38.57

$ 41.37

$

- $ 40.16

$ 40.16

$ 40.16

$ 40.16

$ 40.93

$

- $ 40.16

$ 40.16

$ 40.16

$ 40.93

$ 41.71

$

- $ 40.16

$ 40.89

$ 40.89

$ 41.62

$ 42.35

$

- $ 2.77

$ 4.83

$ 7.36

$ 7.13

$ 6.90

$

- $ 0.60

$ 1.23

$ 1.87

$ 1.89

$ 1.90

$

38.74 $ 38.81

$ 39.32

$ 39.70

$ 40.16

$ 40.93

$ 38.74 $ 38.81

$ 39.32

$ 39.70

$ 40.93

$ 41.71

$ 38.74 $ 38.81

$ 39.56

$ 40.19

$ 41.62

$ 42.35

$

($000) ($000) ($000) ($000) ($000) ($000) 215,390 $ 215,796

$ 218,599

$ 220,743

$ 223,310

$ 227,604

$ 215,390 $ 215,796

$ 218,599

$ 220,743

$ 227,604

$ 231,899

$ 215,390 $ 215,796

$ 219,952

$ 223,450

$ 231,430

$ 235,490

$

($000) ($000) ($000) ($000) ($000) ($000) 38.74 $ 41.58

$ 43.73

$ 46.14

$ 45.70

$ 48.27

$ 38.74 $ 39.41

$ 40.12

$ 40.65

$ 40.46

$ 43.27

$

**2015 2016**  **2017 2018**  **2019 2020**  ($000) ($000) ($000) ($000) ($000) ($000) 215,390 $ 231,185

$ 243,123

$ 256,541

$ 254,098

$ 268,389

$ 215,390 $ 219,147

$ 223,063

$ 226,016

$ 224,941

$ 240,599

$

215,390 $ 215,796

$ 216,244

$ 215,611

$ 214,460

$ 230,042

$



### High	Mkt **SNCR**
**198 $** 
**88**

**$**

### 5,560,182 5,560,182 5,560,182 5,560,182 5,560,182 5,560,182

**2021 2022**  **2023 2024**  **2025 2026**  41.49 $ 41.71

$ 41.74

$ 41.78

$ 41.73

$ 41.68

$

41.71 $ 41.71

$ 42.51

$ 42.51

$ 44.11

$ 44.92

$ 42.48 $ 43.25

$ 44.80

$ 45.57

$ 46.34

$ 47.11

$ 43.08 $ 43.81

$ 44.80

$ 45.57

$ 47.04

$ 47.77

$

6.66 $ 6.43

$ 6.20

$ 5.97

$ 5.73

$ 5.50

$ 1.91 $ 1.93

$ 1.94

$ 1.95

$ 1.97

$ 1.98

$

41.71 $ 41.71

$ 42.51

$ 42.51

$ 44.11

$ 44.92

$ 42.48 $ 43.25

$ 44.80

$ 45.57

$ 46.34

$ 47.11

$ 43.08 $ 43.81

$ 44.80

$ 45.57

$ 47.04

$ 47.77

$

($000) ($000) ($000) ($000) ($000) ($000) 231,899 $ 231,899

$ 236,358

$ 236,358

$ 245,277

$ 249,737

$ 236,193 $ 240,487

$ 249,076

$ 253,371

$ 257,665

$ 261,959

$ 239,550 $ 243,611

$ 249,076

$ 253,371

$ 261,544

$ 265,631

$

($000) ($000) ($000) ($000) ($000) ($000) 48.15 $ 48.14

$ 47.94

$ 47.75

$ 47.46

$ 47.19

$ 43.40 $ 43.64

$ 43.68

$ 43.73

$ 43.69

$ 43.66

$

**2021 2022**  **2023 2024**  **2025 2026**  ($000) ($000) ($000) ($000) ($000) ($000) 267,727 $ 267,676

$ 266,551

$ 265,478

$ 263,896

$ 262,370

$ 241,304 $ 242,621

$ 242,863

$ 243,158

$ 242,944

$ 242,785

$

230,672 $ 231,913

$ 232,080

$ 232,299

$ 232,009

$ 231,775

$

### 5,560,182 5,560,182 5,560,182 5,560,182 5,560,182 5,560,182

**2027 2028**  **2029 2030**  **2031 2032**  41.75 $ 42.04

$ 42.33

$ 42.43

$ 42.54

$ 42.57

$

44.92 $ 44.92

$ 44.92

$ 45.72

$ 45.72

$ 45.72

$ 47.89 $ 48.66

$ 48.66

$ 49.43

$ 49.43

$ 50.20

$ 48.51 $ 49.24

$ 49.98

$ 49.98

$ 50.71

$ 51.45

$

5.27 $ 5.04

$ 4.81

$ 4.57

$ 4.34

$ 4.11

$ 1.99 $ 2.01

$ 2.02

$ 2.03

$ 2.05

$ 2.06

$

44.92 $ 44.92

$ 44.92

$ 45.72

$ 45.72

$ 45.72

$ 47.89 $ 48.66

$ 48.66

$ 49.43

$ 49.43

$ 50.20

$ 48.51 $ 49.24

$ 49.98

$ 49.98

$ 50.71

$ 51.45

$

($000) ($000) ($000) ($000) ($000) ($000) 249,737 $ 249,737

$ 249,737

$ 254,196

$ 254,196

$ 254,196

$ 266,254 $ 270,548

$ 270,548

$ 274,843

$ 274,843

$ 279,137

$ 269,717 $ 273,804

$ 277,890

$ 277,890

$ 281,977

$ 286,064

$

($000) ($000) ($000) ($000) ($000) ($000) 47.02 $ 47.07

$ 47.13

$ 47.00

$ 46.88

$ 46.68

$ 43.75 $ 44.04

$ 44.35

$ 44.46

$ 44.59

$ 44.63

$

**2027 2028**  **2029 2030**  **2031 2032**  ($000) ($000) ($000) ($000) ($000) ($000) 261,462 $ 261,738

$ 262,073

$ 261,347

$ 260,684

$ 259,525

$ 243,244 $ 244,888

$ 246,591

$ 247,232

$ 247,936

$ 248,145

$

232,159 $ 233,727

$ 235,355

$ 235,920

$ 236,549

$ 236,682

$

### 5,560,182 5,560,182 5,560,182 5,560,182

**2033 2034**  **2035 2036**  42.60 $ 42.65

$ 42.81

$ 42.89

$

46.52 $ 46.52

$ 47.32

$ 47.74

$ 50.20 $ 50.20

$ 50.98

$ 51.62

$ 52.18 $ 52.18

$ 51.45

$ 52.11

$

3.88 $ 3.64

$ 3.41

$ 3.18

$ 2.08 $ 2.09

$ 2.10

$ 2.12

$

46.52 $ 46.52

$ 47.32

$ 47.74

$ 50.20 $ 50.20

$ 50.98

$ 51.62

$ 52.18 $ 52.18

$ 51.45

$ 52.11

$

($000) ($000) ($000) ($000) 258,656 $ 258,656

$ 263,116

$ 265,434

$ 279,137 $ 279,137

$ 283,432

$ 287,023

$ 290,150 $ 290,150

$ 286,064

$ 289,731

$

($000) ($000) ($000) ($000) 46.48 $ 46.30

$ 46.23

$ 46.07

$ 44.68 $ 44.74

$ 44.92

$ 45.01

$

**2033 2034**  **2035 2036**  ($000) ($000) ($000) ($000) 258,433 $ 257,412

$ 257,024

$ 256,149

$ 248,421 $ 248,767

$ 249,747

$ 250,239

$

236,882 $ 237,153

$ 238,057

$ 238,473

$**39271**
**39260**
**39261**

**39262**

**39310**
**39311**
**39312**
**39324 39325** 
**39326 39327** 
**39328**
**39329**
**39330**
**39331**
**39332**
**39333**
**39334 39335** 
**39336**
**39337**
**39338**
**39339**
**39340**
**39341**
**39342**
**39343**
**39344 39345** 
**39346**
**39347**
**39348**
**39349 39350**  **39351 39352**  **39353 39354**  **39355 39356**  **39357 39358**  **39359**
**39360**
**39361**
**39362**
**39363**
**39364 39365** 
**39366**
**39367**
**39368**
**39369**
**39370**
**39371**
**39372**
**39373**
**39374 39375** 
**39376**
**39377 39378** 
**39379**
**39380**
**39381**
**39382**
**39383**
**39384 39385** 
**39386**
**39387**
**39388**
**39389**
**39390**
**39391**
**39392**
**39393**
**39394 39395** 
**39396**
**39397**
**39398**
**39399**
**39400**
**39401**
**39402**
**39403**
**39404 39405** 
**39406**
**39407**
**39408**
**39409**
**39410**
**39411**
**39412**
**39413**
**39414 39415** 
**39416**
**39417**
**39418**
**39419**
**39420**
**39421**
**39422**
**39423**
**39424 39425** 
**39426**
**39427**
**39428 39429** 
**39430**
**39431**
**39432**
**39433**
**39434 39435** 
**39436**
**39437**
**39438**
**39439**
**39440**
**39441**
**39442**
**39443**
**39444 39445** 
**39446**
**39447**
**39448**
**39449 39450**  **39451 39452**  **39453 39454**  **39455 39456**  **39457 39458**  **39459**
**39460**
**39461**
**39462**
**39463**
**39464 39465** 
**39466**
**39467**
**39468**
**39469**
**39470**
**39471**
**39472**
**39473**
**39474 39475** 
**39476**
**39477**
**39478**
**39479 39480** 
**39481**
**39482**
**39483**
**39484 39485** 
**39486**
**39487**
**39488**
**39489**
**39490**
**39491**
**39492**
**39493**
**39494 39495** 
**39496**
**39497**
**39498**
**39499 39500**  **39501 39502**  **39503 39504**  **39505 39506**  **39507 39508**  **39509 39510**  **39511 39512**  **39513 39514**  **39515 39516**  **39517 39518**  **39519 39520**  **39521 39522**  **39523 39524**  **39525 39526**  **39527 39528**  **39529 39530** **39531 39532**  **39533 39534**  **39535 39536**  **39537 39538**  **39539 39540**  **39541 39542**  **39543 39544**  **39545 39546**  **39547 39548**  **39549 39550**  **39551 39552**  **39553 39554**  **39555 39556**  **39557 39558**  **39559 39560**  **39561 39562**  **39563 39564**  **39565 39566**  **39567 39568**  **39569 39570**  **39571 39572**  **39573 39574**  **39575 39576**  **39577 39578**  **39579 39580**  **39581 39582**  **39583 39584**  **39585 39586**  **39587 39588**  **39589 39590**  **39591 39592**  **39593 39594**  **39595 39596**  **39597 39598**  **39599**
**39600**
**39601**
**39602**
**39603**
**39604 39605** 
**39606**
**39607**
**39608**
**39609**
**39610**
**39611**
**39612**
**39613**
**39614 39615** 
**39616**
**39617**
**39618**
**39619**
**39620**
**39621**
**39622**
**39623**
**39624 39625** 
**39626**
**39627**
**39628**
**39629**
**39630**
**39631**
**39632 39633** 
**39634 39635** 
**39636**
**39637**
**39638**
**39639**
**39640**
**39641**
**39642**
**39643**
**39644 39645** 
**39646**
**39647**
**39648**
**39649 39650**  **39651 39652**  **39653 39654**  **39655 39656**  **39657 39658**  **39659**
**39660**
**39661**
**39662**
**39663**
**39664 39665** 
**39666**
**39667**
**39668**
**39669**
**39670**
**39671**
**39672**
**39673**
**39674 39675** 
**39676**
**39677**
**39678**
**39679**
**39680**
**39681**
**39682**
**39683 39684**  **39685**
**39686**
**39687**
**39688**
**39689**
**39690**
**39691**
**39692**
**39693**
**39694 39695** 
**39696**
**39697**
**39698**
**39699**
**39700**
**39701**
**39702**
**39703**
**39704 39705** 
**39706**
**39707**
**39708**
**39709**
**39710**
**39711**
**39712**
**39713**
**39714 39715** 
**39716**
**39717**
**39718**
**39719**
**39720**
**39721**
**39722**
**39723**
**39724 39725** 
**39726**
**39727**
**39728**
**39729**
**39730**
**39731**
**39732**
**39733**
**39734 39735** 
**39736**
**39737**
**39738**
**39739**
**39740**
**39741**
**39742**
**39743**
**39744 39745** 
**39746**
**39747**
**39748**
**39749 39750**  **39751 39752**  **39753 39754**  **39755 39756**  **39757 39758**  **39759**
**39760**
**39761**
**39762**
**39763**
**39764 39765** 
**39766**
**39767**
**39768**
**39769**
**39770**
**39771**
**39772**
**39773**
**39774 39775** 
**39776**
**39777**
**39778**
**39779**
**39780**
**39781**
**39782**
**39783**
**39784 39785** **39786**
**39787**
**39788**
**39789**
**39790**
**39791**
**39792**
**39793**
**39794 39795** 
**39796**
**39797**
**39798**
**39799**
**39800**
**39801**
**39802**
**39803**
**39804 39805** 
**39806**
**39807**
**39808**
**39809**
**39810**
**39811**
**39812 39813** 
**39814 39815** 
**39816**
**39817**
**39818**
**39819**
**39820**
**39821**
**39822**
**39823**
**39824 39825** 
**39826**
**39827**
**39828**
**39829**
**39830**
**39831**
**39832**
**39833**
**39834 39835** 
**39836 39837** 
**39838**
**39839**
**39840**
**39841**
**39842**
**39843**
**39844 39845** 
**39846**
**39847**
**39848**
**39849 39850**  **39851 39852**  **39853 39854**  **39855 39856**  **39857 39858**  **39859**
**39860**
**39861**
**39862**
**39863**
**39864 39865** 
**39866**
**39867**
**39868**
**39869**
**39870**
**39871**
**39872**
**39873**
**39874 39875** 
**39876**
**39877**
**39878**
**39879**
**39880**
**39881**
**39882**
**39883**
**39884 39885** 
**39886**
**39887 39888** 
**39889**
**39890**
**39891**
**39892**
**39893**
**39894 39895** 
**39896**
**39897**
**39898**
**39899**
**39900**
**39901**
**39902**
**39903**
**39904 39905** 
**39906**
**39907**
**39908**
**39909**
**39910**
**39911**
**39912**
**39913**
**39914 39915** 
**39916**
**39917**
**39918**
**39919**
**39920**
**39921**
**39922**
**39923**
**39924 39925** 
**39926**
**39927**
**39928**
**39929**
**39930**
**39931**
**39932**
**39933**
**39934 39935** 
**39936**
**39937**
**39938 39939** 
**39940**
**39941**
**39942**
**39943**
**39944 39945** 
**39946**
**39947**
**39948**
**39949 39950**  **39951 39952**  **39953 39954**  **39955 39956**  **39957 39958**  **39959**
**39960**
**39961**
**39962**
**39963**
**39964 39965** 
**39966**
**39967**
**39968**
**39969**
**39970**
**39971**
**39972**
**39973**
**39974 39975** 
**39976**
**39977**
**39978**
**39979**
**39980**
**39981**
**39982**
**39983**
**39984 39985** 
**39986**
**39987**
**39988**
**39989 39990** 
**39991**
**39992**
**39993**
**39994 39995** 
**39996**
**39997**
**39998**
**39999**
**40000**
**40001**
**40002**
**40003**
**40004 40005** 
**40006**
**40007**
**40008**
**40009**
**40010**
**40011**
**40012**
**40013**
**40014 40015** 
**40016**
**40017**
**40018**
**40019**
**40020**
**40021**
**40022**
**40023**
**40024 40025** 
**40026**
**40027**
**40028**
**40029**
**40030**
**40031**
**40032**
**40033**
**40034 40035** 
**40036**
**40037**
**40038**
**40039**
**40040 40041** 
**40042**
**40043**
**40044 40045** 
**40046**
**40047**
**40048**
**40049 40050**  **40051 40052**  **40053 40054**  **40055 40056**  **40057 40058**  **40059**
**40060**
**40061**
**40062**
**40063**
**40064 40065** 
**40066**
**40067**
**40068**
**40069**
**40070**
**40071**
**40072**
**40073**
**40074 40075** 
**40076**
**40077**
**40078**
**40079**
**40080**
**40081**
**40082**
**40083**
**40084 40085** 
**40086**
**40087**
**40088**
**40089**
**40090**
**40091 40092** 
**40093**
**40094 40095** 
**40096**
**40097**
**40098**
**40099**
**40100**
**40101**
**40102**
**40103**
**40104 40105** 
**40106**
**40107**
**40108**
**40109**
**40110**
**40111**
**40112**
**40113**
**40114 40115** 
**40116**
**40117**
**40118**
**40119**
**40120**
**40121**
**40122**
**40123**
**40124 40125** 
**40126**
**40127**
**40128**
**40129**
**40130**
**40131**
**40132**
**40133**
**40134 40135** 
**40136**
**40137**
**40138**
**40139**
**40140**
**40141**
**40142 40143** 
**40144 40145** 
**40146**
**40147**
**40148**
**40149 40150**  **40151 40152**  **40153 40154**  **40155 40156**  **40157 40158**  **40159**
**40160**
**40161**
**40162**
**40163**
**40164 40165** 
**40166**
**40167**
**40168**
**40169**
**40170**
**40171**
**40172**
**40173**
**40174 40175** 
**40176**
**40177 40178** 
**40179**
**40180**
**40181**
**40182**
**40183**
**40184 40185** 
**40186**
**40187**
**40188**
**40189**
**40190**
**40191**
**40192**
**40193 40194**  **40195**
**40196**
**40197**
**40198**
**40199**
**40200**
**40201**
**40202**
**40203**
**40204 40205** 
**40206**
**40207**
**40208**
**40209**
**40210**
**40211**
**40212**
**40213**
**40214 40215** 
**40216**
**40217**
**40218**
**40219**
**40220**
**40221**
**40222**
**40223**
**40224 40225** 
**40226**
**40227**
**40228**
**40229**
**40230**
**40231**
**40232**
**40233**
**40234 40235** 
**40236**
**40237**
**40238**
**40239**
**40240**
**40241**
**40242**
**40243**
**40244 40245** 
**40246**
**40247**
**40248**
**40249 40250**  **40251 40252**  **40253 40254**  **40255 40256**  **40257 40258**  **40259**
**40260**
**40261**
**40262**
**40263**
**40264 40265** 
**40266**
**40267**
**40268**
**40269**
**40270**
**40271**
**40272**
**40273**
**40274 40275** 
**40276**
**40277**
**40278**
**40279**
**40280**
**40281**
**40282**
**40283**
**40284 40285** 
**40286**
**40287**
**40288**
**40289**
**40290**
**40291**
**40292**
**40293**
**40294 40295** **40296**
**40297**
**40298**
**40299**
**40300**
**40301**
**40302**
**40303**
**40304 40305** 
**40306**
**40307**
**40308**
**40309**
**40310**
**40311**
**40312**
**40313**
**40314 40315** 
**40316**
**40317**
**40318**
**40319**
**40320**
**40321**
**40322**
**40323**
**40324 40325** 
**40326**
**40327**
**40328**
**40329**
**40330**
**40331**
**40332**
**40333**
**40334 40335** 
**40336**
**40337**
**40338**
**40339**
**40340**
**40341**
**40342**
**40343**
**40344 40345** 
**40346 40347** 
**40348**
**40349 40350**  **40351 40352**  **40353 40354**  **40355 40356**  **40357 40358**  **40359**
**40360**
**40361**
**40362**
**40363**
**40364 40365** 
**40366**
**40367**

### $0.00 $40.50 $0.00 $40.50 0 24 0.00% 100.00%



### $75.33 $40.65 $77.94 $35.72 16 8 66.67% 33.33% 

### $72.67 $39.74 $74.11 $35.92 16 8 66.67% 33.33%



### $67.57 $40.01 $70.31 $36.93 16 8 66.67% 33.33%



### $88.34 $42.39 $92.68 $42.30 16 8 66.67% 33.33% 

### $71.04 $38.89 $75.94 $40.00 16 8 66.67% 33.33% 

### $71.04 $38.89 $75.94 $40.00 16 8 66.67% 33.33% 

### $112.97 $35.86 $114.99 $37.00 16 8 66.67% 33.33% 

### $112.29 $34.40 $116.28 $36.00 16 8 66.67% 33.33% 

### $64.01 $43.74 $71.78 $44.50 16 8 66.67% 33.33%

### $0.00 $43.74 $0.00 $44.50 0 24 0.00% 100.00%



### $0.00 $44.62 $0.00 $44.75 0 24 0.00% 100.00% 

### $66.80 $44.62 $72.10 $44.75 16 8 66.67% 33.33% 

### $57.42 $32.87 $63.00 $34.21 16 8 66.67% 33.33% 

### $60.29 $33.98 $64.28 $34.30 16 8 66.67% 33.33% 

### $55.69 $33.12 $60.60 $33.01 16 8 66.67% 33.33% 

### $55.69 $33.12 $60.60 $33.01 16 8 66.67% 33.33% 

### $0.00 $42.39 $0.00 $45.89 0 24 0.00% 100.00% 

### $57.21 $42.39 $65.25 $45.89 16 8 66.67% 33.33% 

### $58.28 $31.23 $64.00 $30.15 16 8 66.67% 33.33% 

### $60.35 $33.31 $64.75 $33.96 16 8 66.67% 33.33% 

### $61.60 $33.00 $62.08 $33.90 16 8 66.67% 33.33% 

### $59.60 $33.12 $60.75 $31.29 16 8 66.67% 33.33% 

### $59.60 $33.12 $60.75 $31.29 16 8 66.67% 33.33% 

### $0.00 $41.50 $0.00 $37.75 0 24 0.00% 100.00% 

### $59.66 $41.50 $62.00 $37.75 16 8 66.67% 33.33% 

### $55.34 $31.47 $57.18 $31.00 16 8 66.67% 33.33% 

### $48.77 $31.14 $50.50 $30.25 16 8 66.67% 33.33% 

### $46.99 $32.23 $49.25 $31.25 16 8 66.67% 33.33% 

### $44.82 $31.94 $46.75 $30.75 16 8 66.67% 33.33% 

### $44.82 $31.94 $46.75 $30.75 16 8 66.67% 33.33% 

### $0.00 $35.00 $0.00 $35.60 0 24 0.00% 100.00% 

### $47.99 $35.00 $50.00 $35.60 16 8 66.67% 33.33% 

### $49.76 $31.93 $51.00 $28.00 16 8 66.67% 33.33% 

### $53.89 $34.93 $55.00 $28.67 16 8 66.67% 33.33% 

### $53.89 $34.93 $55.00 $28.67 16 8 66.67% 33.33% 

### $51.98 $35.71 $50.75 $28.00 16 8 66.67% 33.33% 

### $51.98 $35.71 $50.75 $28.00 16 8 66.67% 33.33% 

### $0.00 $41.42 $0.00 $36.75 0 24 0.00% 100.00% 

### $55.20 $36.30 $55.00 $29.50 16 8 66.67% 33.33% 

### $60.13 $38.60 $59.75 $31.75 16 8 66.67% 33.33% 

### $68.77 $41.01 $66.50 $36.50 16 8 66.67% 33.33% 

### $76.23 $42.75 $72.00 $36.40 16 8 66.67% 33.33% 

### $61.09 $40.71 $58.00 $35.00 16 8 66.67% 33.33% 

### $61.09 $40.71 $58.00 $35.00 16 8 66.67% 33.33% 

### $0.00 $46.11 $0.00 $43.00 0 24 0.00% 100.00% 

### $60.34 $46.11 $57.50 $43.00 16 8 66.67% 33.33% 

### $64.09 $38.99 $60.00 $35.25 16 8 66.67% 33.33% 

### $61.31 $44.50 $60.75 $38.75 16 8 66.67% 33.33% 

### $64.07 $46.73 $60.00 $39.50 16 8 66.67% 33.33% 

### $60.70 $45.77 $60.00 $40.00 16 8 66.67% 33.33% 

### $60.70 $45.77 $60.00 $40.00 16 8 66.67% 33.33% 

### $0.00 $48.35 $0.00 $42.14 0 24 0.00% 100.00% 

### $59.06 $48.35 $57.00 $42.14 16 8 66.67% 33.33% 

### $57.18 $41.32 $55.00 $26.00 16 8 66.67% 33.33% 

### $58.56 $43.29 $55.00 $33.50 16 8 66.67% 33.33% 

### $57.28 $41.89 $53.50 $34.35 16 8 66.67% 33.33% 

### $57.05 $44.22 $53.00 $36.00 16 8 66.67% 33.33% 

### $57.05 $44.22 $53.00 $36.00 16 8 66.67% 33.33% 

### $0.00 $48.60 $0.00 $44.46 0 24 0.00% 100.00% 

### $60.07 $48.60 $57.15 $44.46 16 8 66.67% 33.33%

### $57.87 $41.91 $54.00 $30.00 16 8 66.67% 33.33%



### $57.97 $44.28 $54.30 $34.54 16 8 66.67% 33.33% 

### $59.32 $43.42 $55.50 $35.49 16 8 66.67% 33.33% 

### $59.93 $50.15 $57.75 $35.00 16 8 66.67% 33.33% 

### $59.93 $50.15 $57.75 $35.00 16 8 66.67% 33.33% 

### $0.00 $50.25 $0.00 $47.35 0 24 0.00% 100.00% 

### $64.07 $50.25 $58.00 $47.35 16 8 66.67% 33.33% 

### $62.84 $44.08 $59.40 $37.12 16 8 66.67% 33.33% 

### $61.21 $44.78 $61.56 $37.50 16 8 66.67% 33.33% 

### $60.56 $46.78 $57.64 $37.08 16 8 66.67% 33.33% 

### $58.98 $45.96 $58.00 $38.00 16 8 66.67% 33.33% 

### $58.98 $45.96 $58.00 $38.00 16 8 66.67% 33.33% 

### $0.00 $44.76 $0.00 $42.00 0 24 0.00% 100.00% 

### $52.83 $44.76 $52.75 $42.00 16 8 66.67% 33.33% 

### $54.20 $41.44 $54.30 $38.00 16 8 66.67% 33.33% 

### $56.36 $41.99 $56.25 $36.50 16 8 66.67% 33.33% 

### $56.36 $41.99 $56.25 $36.50 16 8 66.67% 33.33% 

### $55.03 $39.32 $53.00 $30.50 16 8 66.67% 33.33% 

### $55.03 $39.32 $53.00 $30.50 16 8 66.67% 33.33% 

### $0.00 $40.85 $0.00 $38.00 0 24 0.00% 100.00% 

### $50.89 $40.85 $52.00 $38.00 16 8 66.67% 33.33% 

### $51.36 $35.91 $51.75 $33.50 16 8 66.67% 33.33% 

### $52.32 $37.02 $53.00 $32.00 16 8 66.67% 33.33% 

### $49.30 $32.44 $50.00 $30.50 16 8 66.67% 33.33% 

### $45.51 $30.94 $48.00 $30.50 16 8 66.67% 33.33% 

### $45.51 $30.94 $48.00 $30.50 16 8 66.67% 33.33% 

### $0.00 $35.66 $0.00 $35.50 0 24 0.00% 100.00% 

### $43.26 $35.66 $46.00 $35.50 16 8 66.67% 33.33% 

### $45.39 $34.30 $46.25 $33.75 16 8 66.67% 33.33% 

### $45.39 $34.30 $46.25 $33.75 16 8 66.67% 33.33% 

### $0.00 $37.52 $0.00 $40.00 0 24 0.00% 100.00% 

### $41.37 $37.52 $41.00 $40.00 16 8 66.67% 33.33% 

### $41.37 $37.52 $41.00 $40.00 16 8 66.67% 33.33% 

### $0.00 $41.91 $0.00 $41.75 0 24 0.00% 100.00% 

### $45.08 $41.91 $48.50 $41.75 16 8 66.67% 33.33% 

### $61.28 $44.68 $62.50 $44.50 16 8 66.67% 33.33% 

### $64.28 $50.72 $68.00 $50.00 16 8 66.67% 33.33% 

### $64.28 $50.72 $68.00 $50.00 16 8 66.67% 33.33% 

### $66.88 $52.31 $67.50 $49.75 16 8 66.67% 33.33% 

### $60.82 $47.01 $63.00 $45.75 16 8 66.67% 33.33% 

### $0.00 $50.49 $0.00 $48.75 0 24 0.00% 100.00% 

### $58.28 $50.49 $59.50 $48.75 16 8 66.67% 33.33% 

### $53.52 $42.83 $55.75 $38.50 16 8 66.67% 33.33% 

### $57.37 $44.51 $58.75 $43.00 16 8 66.67% 33.33% 

### $57.05 $44.36 $57.00 $41.75 16 8 66.67% 33.33% 

### $54.30 $42.14 $54.00 $39.50 16 8 66.67% 33.33% 

### $54.30 $42.14 $54.00 $39.50 16 8 66.67% 33.33% 

### $0.00 $53.91 $0.00 $49.00 0 24 0.00% 100.00% 

### $55.07 $53.91 $60.50 $49.00 16 8 66.67% 33.33% 

### $57.20 $47.08 $69.00 $48.50 16 8 66.67% 33.33% 

### $63.51 $51.59 $70.50 $49.50 16 8 66.67% 33.33%

### $66.66 $53.95 $73.50 $52.25 16 8 66.67% 33.33%



### $67.58 $54.53 $73.25 $55.00 16 8 66.67% 33.33% 

### $67.58 $54.53 $73.25 $55.00 16 8 66.67% 33.33% 

### $0.00 $54.65 $0.00 $55.50 0 24 0.00% 100.00% 

### $65.94 $54.65 $67.25 $55.50 16 8 66.67% 33.33% 

### $60.02 $45.15 $62.50 $45.50 16 8 66.67% 33.33% 

### $60.36 $45.12 $63.50 $45.25 16 8 66.67% 33.33% 

### $60.36 $45.12 $63.50 $45.25 16 8 66.67% 33.33% 

### $60.13 $47.83 $61.25 $48.50 16 8 66.67% 33.33% 

### $60.13 $47.83 $61.25 $48.50 16 8 66.67% 33.33% 

### $0.00 $52.75 $0.00 $51.50 0 24 0.00% 100.00% 

### $57.87 $52.75 $60.00 $51.50 16 8 66.67% 33.33% 

### $0.00 $51.31 $0.00 $49.00 0 24 0.00% 100.00% 

### $56.38 $51.31 $56.00 $49.00 16 8 66.67% 33.33% 

### $59.67 $50.18 $60.00 $47.50 16 8 66.67% 33.33% 

### $58.65 $50.10 $59.00 $48.25 16 8 66.67% 33.33% 

### $58.65 $50.10 $59.00 $48.25 16 8 66.67% 33.33% 

### $0.00 $55.57 $0.00 $52.00 0 24 0.00% 100.00% 

### $62.04 $55.57 $63.75 $52.00 16 8 66.67% 33.33% 

### $0.00 $51.01 $0.00 $48.00 16 8 66.67% 33.33% 

### $59.80 $51.01 $60.25 $48.00 16 8 66.67% 33.33% 

### $64.55 $50.40 $65.00 $45.50 16 8 66.67% 33.33% 

### $61.33 $47.24 $59.25 $43.50 16 8 66.67% 33.33% 

### $61.33 $47.24 $59.25 $43.50 16 8 66.67% 33.33% 

### $0.00 $51.29 $0.00 $48.49 0 24 0.00% 100.00% 

### $60.23 $51.29 $60.54 $48.49 16 8 66.67% 33.33% 

### $62.23 $51.67 $62.18 $49.75 16 8 66.67% 33.33% 

### $62.45 $50.03 $62.74 $49.25 16 8 66.67% 33.33% 

### $63.35 $50.19 $63.96 $49.50 16 8 66.67% 33.33% 

### $61.96 $48.97 $61.47 $49.25 16 8 66.67% 33.33% 

### $61.96 $48.97 $61.47 $49.25 16 8 66.67% 33.33% 

### $0.00 $56.54 $0.00 $57.00 0 24 0.00% 100.00% 

### $65.82 $56.54 $66.95 $57.00 16 8 66.67% 33.33% 

### $68.42 $53.89 $71.75 $54.00 16 8 66.67% 33.33% 

### $72.37 $57.86 $80.50 $58.75 16 8 66.67% 33.33% 

### $72.37 $57.86 $80.50 $58.75 16 8 66.67% 33.33% 

### $70.96 $56.14 $71.00 $57.50 16 8 66.67% 33.33% 

### $70.96 $56.14 $71.00 $57.50 16 8 66.67% 33.33% 

### $0.00 $61.80 $0.00 $64.50 0 24 0.00% 100.00% 

### $70.95 $61.80 $74.00 $64.50 16 8 66.67% 33.33% 

### $73.64 $60.67 $79.50 $61.00 16 8 66.67% 33.33% 

### $65.06 $57.61 $72.50 $58.00 16 8 66.67% 33.33% 

### $65.94 $56.56 $70.50 $57.75 16 8 66.67% 33.33% 

### $61.66 $56.70 $65.56 $58.50 16 8 66.67% 33.33% 

### $61.66 $56.70 $65.56 $58.50 16 8 66.67% 33.33% 

### $0.00 $59.01 $0.00 $59.00 0 24 0.00% 100.00% 

### $62.67 $59.01 $68.14 $59.00 16 8 66.67% 33.33% 

### $62.82 $52.84 $68.04 $54.75 16 8 66.67% 33.33% 

### $65.89 $56.58 $72.63 $58.00 16 8 66.67% 33.33% 

### $67.61 $57.98 $75.68 $59.75 16 8 66.67% 33.33% 

### $65.64 $58.50 $72.75 $62.50 16 8 66.67% 33.33%

### $65.64 $58.50 $72.75 $62.50 16 8 66.67% 33.33%



### $0.00 $59.10 $0.00 $58.50 0 24 0.00% 100.00% 

### $69.54 $59.10 $71.50 $58.50 16 8 66.67% 33.33% 

### $69.70 $53.87 $74.75 $56.00 16 8 66.67% 33.33% 

### $73.90 $57.40 $79.50 $58.00 16 8 66.67% 33.33% 

### $73.71 $56.57 $75.50 $57.00 16 8 66.67% 33.33% 

### $66.43 $55.48 $66.50 $56.50 16 8 66.67% 33.33% 

### $66.43 $55.48 $66.50 $56.50 16 8 66.67% 33.33% 

### $0.00 $55.62 $0.00 $53.50 0 24 0.00% 100.00% 

### $67.28 $55.62 $69.21 $53.50 16 8 66.67% 33.33% 

### $68.65 $53.42 $70.34 $54.00 16 8 66.67% 33.33% 

### $68.16 $51.68 $69.25 $51.50 16 8 66.67% 33.33% 

### $68.16 $51.68 $69.25 $51.50 16 8 66.67% 33.33% 

### $65.35 $50.82 $68.00 $50.00 16 8 66.67% 33.33% 

### $65.35 $50.82 $68.00 $50.00 16 8 66.67% 33.33% 

### $0.00 $54.72 $0.00 $54.75 0 24 0.00% 100.00% 

### $68.42 $54.72 $69.00 $54.75 16 8 66.67% 33.33% 

### $68.72 $53.13 $69.50 $52.00 16 8 66.67% 33.33% 

### $71.97 $55.90 $73.00 $55.00 16 8 66.67% 33.33% 

### $71.68 $56.64 $72.00 $56.25 16 8 66.67% 33.33% 

### $68.25 $54.66 $68.50 $55.00 16 8 66.67% 33.33% 

### $68.25 $54.66 $68.50 $55.00 16 8 66.67% 33.33% 

### $0.00 $60.07 $0.00 $59.75 0 24 0.00% 100.00% 

### $70.41 $60.07 $72.00 $59.75 16 8 66.67% 33.33% 

### $74.08 $57.42 $76.50 $57.00 16 8 66.67% 33.33% 

### $74.50 $56.30 $76.75 $57.75 16 8 66.67% 33.33% 

### $74.50 $56.30 $76.75 $57.75 16 8 66.67% 33.33% 

### $73.19 $55.60 $76.75 $56.00 16 8 66.67% 33.33% 

### $68.29 $56.91 $70.00 $59.25 16 8 66.67% 33.33% 

### $0.00 $61.24 $0.00 $64.25 0 24 0.00% 100.00% 

### $70.52 $61.24 $74.00 $64.25 16 8 66.67% 33.33% 

### $71.75 $58.39 $75.50 $58.75 16 8 66.67% 33.33% 

### $73.83 $61.45 $79.69 $63.50 16 8 66.67% 33.33% 

### $74.69 $62.95 $79.25 $65.50 16 8 66.67% 33.33% 

### $73.82 $64.80 $76.25 $66.75 16 8 66.67% 33.33% 

### $73.82 $64.80 $76.25 $66.75 16 8 66.67% 33.33% 

### $0.00 $71.65 $0.00 $71.50 0 24 0.00% 100.00% 

### $80.19 $71.65 $81.50 $71.50 16 8 66.67% 33.33% 

### $80.97 $67.39 $84.25 $69.00 16 8 66.67% 33.33% 

### $83.41 $65.45 $85.00 $64.50 16 8 66.67% 33.33% 

### $78.30 $61.23 $79.25 $62.00 16 8 66.67% 33.33% 

### $72.04 $59.66 $73.75 $60.00 16 8 66.67% 33.33% 

### $72.04 $59.66 $73.75 $60.00 16 8 66.67% 33.33% 

### $0.00 $66.18 $0.00 $66.00 0 24 0.00% 100.00% 

### $76.50 $66.18 $78.25 $66.00 16 8 66.67% 33.33% 

### $78.74 $57.62 $82.00 $59.50 16 8 66.67% 33.33% 

### $77.74 $58.53 $80.00 $60.00 16 8 66.67% 33.33% 

### $77.74 $58.53 $80.00 $60.00 16 8 66.67% 33.33% 

### $70.31 $54.00 $70.50 $52.50 16 8 66.67% 33.33% 

### $70.31 $54.00 $70.50 $52.50 16 8 66.67% 33.33% 

### $0.00 $52.64 $0.00 $54.25 0 24 0.00% 100.00%

### $65.70 $52.64 $66.50 $54.25 16 8 66.67% 33.33%



### $71.30 $52.67 $71.75 $53.25 16 8 66.67% 33.33% 

### $73.10 $55.00 $74.00 $56.50 16 8 66.67% 33.33% 

### $77.21 $56.85 $79.50 $57.75 16 8 66.67% 33.33% 

### $75.76 $59.80 $79.25 $62.00 16 8 66.67% 33.33% 

### $75.76 $59.80 $79.25 $62.00 16 8 66.67% 33.33% 

### $0.00 $71.82 $0.00 $71.50 0 24 0.00% 100.00% 

### $82.66 $71.82 $86.50 $71.50 16 8 66.67% 33.33% 

### $91.60 $69.76 $95.00 $70.25 16 8 66.67% 33.33% 

### $86.95 $65.92 $91.00 $66.50 16 8 66.67% 33.33% 

### $79.20 $63.93 $83.25 $67.00 16 8 66.67% 33.33% 

### $82.56 $67.72 $84.50 $69.50 16 8 66.67% 33.33% 

### $82.56 $67.72 $84.50 $69.50 16 8 66.67% 33.33% 

### $0.00 $79.76 $0.00 $78.86 0 24 0.00% 100.00% 

### $88.67 $79.76 $90.50 $78.86 16 8 66.67% 33.33% 

### $87.27 $75.63 $87.25 $75.00 16 8 66.67% 33.33% 

### $82.61 $70.82 $82.50 $70.50 16 8 66.67% 33.33% 

### $79.27 $64.99 $79.75 $64.75 16 8 66.67% 33.33% 

### $81.64 $67.16 $84.00 $68.00 16 8 66.67% 33.33% 

### $81.64 $67.16 $84.00 $68.00 16 8 66.67% 33.33% 

### $0.00 $78.82 $0.00 $78.75 0 24 0.00% 100.00% 

### $97.99 $78.82 $103.75 $78.75 16 8 66.67% 33.33% 

### $89.66 $67.79 $92.50 $66.75 16 8 66.67% 33.33% 

### $85.21 $62.82 $86.50 $64.00 16 8 66.67% 33.33% 

### $85.42 $63.61 $87.00 $64.50 16 8 66.67% 33.33% 

### $85.67 $68.30 $86.00 $70.00 16 8 66.67% 33.33% 

### $85.67 $68.30 $86.00 $70.00 16 8 66.67% 33.33% 

### $0.00 $71.29 $0.00 $72.00 0 24 0.00% 100.00% 

### $89.48 $71.29 $88.75 $72.00 16 8 66.67% 33.33% 

### $94.82 $72.01 $95.25 $74.25 16 8 66.67% 33.33% 

### $94.00 $72.70 $94.50 $73.50 16 8 66.67% 33.33% 

### $86.61 $67.58 $81.50 $66.00 16 8 66.67% 33.33% 

### $87.20 $67.30 $83.00 $65.50 16 8 66.67% 33.33% 

### $87.20 $67.30 $83.00 $65.50 16 8 66.67% 33.33% 

### $0.00 $81.97 $0.00 $77.00 0 24 0.00% 100.00% 

### $99.92 $81.97 $96.25 $77.00 16 8 66.67% 33.33% 

### $97.38 $70.86 $94.50 $68.00 16 8 66.67% 33.33% 

### $90.53 $65.36 $88.25 $59.50 16 8 66.67% 33.33% 

### $83.78 $65.94 $82.00 $64.25 16 8 66.67% 33.33% 

### $80.82 $67.72 $81.00 $67.00 16 8 66.67% 33.33% 

### $80.82 $67.72 $81.00 $67.00 16 8 66.67% 33.33% 

### $0.00 $68.34 $0.00 $67.50 0 24 0.00% 100.00% 

### $81.11 $68.34 $81.25 $67.50 16 8 66.67% 33.33% 

### $81.94 $68.25 $82.50 $64.50 16 8 66.67% 33.33% 

### $82.34 $67.21 $82.00 $65.50 16 8 66.67% 33.33% 

### $77.75 $64.41 $79.00 $64.00 16 8 66.67% 33.33% 

### $78.73 $65.11 $81.00 $64.50 16 8 66.67% 33.33% 

### $78.73 $65.11 $81.00 $64.50 16 8 66.67% 33.33% 

### $0.00 $67.19 $0.00 $69.00 0 24 0.00% 100.00% 

### $84.80 $67.19 $84.25 $69.00 16 8 66.67% 33.33% 

### $88.66 $60.75 $86.00 $54.00 16 8 66.67% 33.33%

### $84.45 $59.16 $85.05 $58.00 16 8 66.67% 33.33%



### $86.32 $66.50 $90.00 $63.00 16 8 66.67% 33.33% 

### $91.61 $73.96 $95.00 $66.50 16 8 66.67% 33.33% 

### $91.61 $73.96 $95.00 $66.50 16 8 66.67% 33.33% 

### $0.00 $75.80 $0.00 $69.00 0 24 0.00% 100.00% 

### $95.78 $75.80 $96.00 $69.00 16 8 66.67% 33.33% 

### $100.55 $57.08 $103.75 $48.98 16 8 66.67% 33.33% 

### $83.95 $57.75 $87.75 $48.00 16 8 66.67% 33.33% 

### $83.95 $57.75 $87.75 $48.00 16 8 66.67% 33.33% 

### $73.38 $49.75 $69.00 $41.50 16 8 66.67% 33.33% 

### $73.38 $49.75 $69.00 $41.50 16 8 66.67% 33.33% 

### $0.00 $42.00 $0.00 $34.00 0 24 0.00% 100.00% 

### $0.00 $42.00 $0.00 $34.00 0 24 0.00% 100.00% 

### $77.05 $31.00 $73.25 $23.00 16 8 66.67% 33.33% 

### $81.76 $21.00 $75.00 $14.00 16 8 66.67% 33.33% 

### $79.65 $24.25 $73.00 $18.00 16 8 66.67% 33.33% 

### $73.00 $30.00 $72.00 $25.00 16 8 66.67% 33.33% 

### $73.00 $30.00 $72.00 $25.00 16 8 66.67% 33.33% 

### $0.00 $51.00 $0.00 $41.00 0 24 0.00% 100.00% 

### $79.60 $51.00 $74.00 $41.00 16 8 66.67% 33.33% 

### $94.02 $48.00 $90.00 $36.00 16 8 66.67% 33.33% 

### $91.91 $48.95 $83.00 $38.00 16 8 66.67% 33.33% 

### $84.11 $47.25 $76.00 $31.25 16 8 66.67% 33.33% 

### $80.82 $43.58 $67.75 $31.50 16 8 66.67% 33.33% 

### $80.82 $43.58 $67.75 $31.50 16 8 66.67% 33.33% 

### $0.00 $62.00 $0.00 $42.25 0 24 0.00% 100.00% 

### $87.47 $62.00 $78.50 $42.25 16 8 66.67% 33.33% 

### $99.86 $50.94 $90.75 $33.50 16 8 66.67% 33.33% 

### $91.83 $47.26 $88.50 $33.75 16 8 66.67% 33.33% 

### $93.25 $45.50 $90.00 $34.74 16 8 66.67% 33.33% 

### $96.63 $48.98 $91.00 $34.50 16 8 66.67% 33.33% 

### $96.63 $48.98 $91.00 $34.50 16 8 66.67% 33.33% 

### $0.00 $74.86 $0.00 $60.00 0 24 0.00% 100.00% 

### $101.11 $74.86 $108.00 $60.00 16 8 66.67% 33.33% 

### $120.26 $62.65 $130.25 $49.75 16 8 66.67% 33.33% 

### $137.61 $69.43 $140.67 $59.64 16 8 66.67% 33.33% 

### $139.01 $76.43 $145.00 $65.00 16 8 66.67% 33.33% 

### $133.74 $78.31 $135.29 $64.75 16 8 66.67% 33.33% 

### $133.74 $78.31 $135.29 $64.75 16 8 66.67% 33.33% 

### $0.00 $90.36 $0.00 $87.00 0 24 0.00% 100.00% 

### $119.80 $90.36 $122.25 $87.00 16 8 66.67% 33.33% 

### $116.36 $70.99 $122.00 $61.25 16 8 66.67% 33.33% 

### $112.15 $68.21 $113.00 $58.00 16 8 66.67% 33.33% 

### $105.34 $56.31 $106.00 $50.25 16 8 66.67% 33.33% 

### $102.18 $58.52 $105.00 $50.50 16 8 66.67% 33.33% 

### $102.18 $58.52 $105.00 $50.50 16 8 66.67% 33.33% 

### $0.00 $83.16 $0.00 $76.25 0 24 0.00% 100.00% 

### $117.56 $83.16 $118.00 $76.25 16 8 66.67% 33.33% 

### $133.29 $73.19 $132.00 $64.44 16 8 66.67% 33.33% 

### $134.40 $79.20 $132.36 $69.06 16 8 66.67% 33.33% 

### $134.40 $79.20 $132.36 $69.06 16 8 66.67% 33.33%

### $0.00 $84.16 $0.00 $76.92 0 24 0.00% 100.00%



### $106.99 $84.16 $100.57 $76.92 16 8 66.67% 33.33% 

### $0.00 $77.67 $0.00 $66.00 0 24 0.00% 100.00% 

### $138.81 $77.67 $134.23 $66.00 16 8 66.67% 33.33% 

### $145.05 $71.62 $136.43 $58.79 16 8 66.67% 33.33% 

### $126.67 $68.91 $117.79 $57.06 16 8 66.67% 33.33% 

### $112.27 $62.46 $110.39 $56.89 16 8 66.67% 33.33% 

### $89.18 $58.82 $89.03 $53.92 16 8 66.67% 33.33% 

### $89.18 $58.82 $89.03 $53.92 16 8 66.67% 33.33% 

### $0.00 $78.25 $0.00 $72.75 0 24 0.00% 100.00% 

### $100.96 $78.25 $100.25 $72.75 16 8 66.67% 33.33% 

### $102.98 $68.44 $103.00 $66.28 16 8 66.67% 33.33% 

### $107.46 $71.13 $106.50 $67.88 16 8 66.67% 33.33% 

### $100.02 $69.90 $99.50 $67.03 16 8 66.67% 33.33% 

### $100.44 $70.38 $98.75 $68.00 16 8 66.67% 33.33% 

### $100.44 $70.38 $98.75 $68.00 16 8 66.67% 33.33% 

### $0.00 $75.21 $0.00 $76.50 0 24 0.00% 100.00% 

### $95.39 $75.21 $97.25 $76.50 16 8 66.67% 33.33% 

### $98.48 $64.79 $102.50 $63.00 16 8 66.67% 33.33% 

### $98.25 $63.62 $98.75 $63.25 16 8 66.67% 33.33% 

### $98.05 $62.18 $99.50 $62.00 16 8 66.67% 33.33% 

### $92.66 $61.73 $91.25 $60.50 16 8 66.67% 33.33% 

### $92.66 $61.73 $91.25 $60.50 16 8 66.67% 33.33% 

### $0.00 $64.93 $0.00 $64.00 0 24 0.00% 100.00% 

### $88.06 $64.93 $91.50 $64.00 16 8 66.67% 33.33% 

### $86.07 $57.71 $88.11 $57.00 16 8 66.67% 33.33% 

### $86.47 $54.62 $89.06 $53.22 16 8 66.67% 33.33% 

### $82.76 $53.06 $82.25 $50.99 16 8 66.67% 33.33% 

### $84.99 $55.52 $84.57 $55.00 16 8 66.67% 33.33% 

### $84.99 $55.52 $84.57 $55.00 16 8 66.67% 33.33% 

### $0.00 $64.25 $0.00 $63.00 0 24 0.00% 100.00% 

### $86.84 $64.25 $88.04 $63.00 16 8 66.67% 33.33% 

### $90.74 $57.55 $94.00 $54.75 16 8 66.67% 33.33% 

### $81.28 $52.24 $83.79 $50.50 16 8 66.67% 33.33% 

### $82.08 $52.70 $82.71 $52.00 16 8 66.67% 33.33% 

### $77.43 $53.04 $78.89 $51.00 16 8 66.67% 33.33% 

### $77.43 $53.04 $78.89 $51.00 16 8 66.67% 33.33% 

### $0.00 $59.07 $0.00 $57.25 0 24 0.00% 100.00% 

### $79.26 $59.07 $78.11 $57.25 16 8 66.67% 33.33% 

### $83.67 $51.70 $84.44 $50.00 16 8 66.67% 33.33% 

### $81.06 $49.50 $80.36 $45.25 16 8 66.67% 33.33% 

### $81.15 $49.34 $79.14 $47.00 16 8 66.67% 33.33% 

### $77.72 $50.68 $76.63 $50.50 16 8 66.67% 33.33% 

### $77.72 $50.68 $76.63 $50.50 16 8 66.67% 33.33% 

### $0.00 $57.46 $0.00 $55.00 0 24 0.00% 100.00% 

### $76.29 $57.46 $75.39 $55.00 16 8 66.67% 33.33% 

### $72.66 $47.63 $72.08 $46.66 16 8 66.67% 33.33% 

### $69.81 $46.09 $68.54 $44.96 16 8 66.67% 33.33% 

### $72.20 $47.61 $70.52 $45.79 16 8 66.67% 33.33% 

### $70.34 $47.30 $67.04 $46.38 16 8 66.67% 33.33% 

### $70.34 $47.30 $67.04 $46.38 16 8 66.67% 33.33%

### $0.00 $59.87 $0.00 $58.50 0 24 0.00% 100.00%



### $77.50 $59.87 $74.21 $58.50 16 8 66.67% 33.33% 

### $76.67 $46.99 $75.81 $45.44 16 8 66.67% 33.33% 

### $81.34 $47.79 $80.13 $46.50 16 8 66.67% 33.33% 

### $81.34 $47.79 $80.13 $46.50 16 8 66.67% 33.33% 

### $77.69 $48.41 $74.09 $46.00 16 8 66.67% 33.33% 

### $77.69 $48.41 $74.09 $46.00 16 8 66.67% 33.33% 

### $0.00 $57.50 $0.00 $55.50 0 24 0.00% 100.00% 

### $0.00 $45.59 $0.00 $44.00 0 24 0.00% 100.00% 

### $68.09 $45.59 $61.38 $44.00 16 8 66.67% 33.33% 

### $65.57 $40.08 $59.71 $39.58 16 8 66.67% 33.33% 

### $67.77 $37.29 $58.48 $33.82 16 8 66.67% 33.33% 

### $66.12 $38.65 $61.13 $37.50 16 8 66.67% 33.33% 

### $66.12 $38.65 $61.13 $37.50 16 8 66.67% 33.33% 

### $0.00 $46.72 $0.00 $45.00 0 24 0.00% 100.00% 

### $63.55 $46.72 $60.44 $45.00 16 8 66.67% 33.33% 

### $61.96 $39.57 $61.00 $37.50 16 8 66.67% 33.33% 

### $56.09 $38.27 $56.78 $36.79 16 8 66.67% 33.33% 

### $58.08 $39.91 $59.42 $38.61 16 8 66.67% 33.33% 

### $56.01 $36.98 $57.27 $34.76 16 8 66.67% 33.33% 

### $56.01 $36.98 $57.27 $34.76 16 8 66.67% 33.33% 

### $0.00 $44.03 $0.00 $47.00 0 24 0.00% 100.00% 

### $57.52 $44.03 $57.75 $47.00 16 8 66.67% 33.33% 

### $55.81 $35.83 $56.32 $36.50 16 8 66.67% 33.33% 

### $54.79 $36.68 $56.58 $32.50 16 8 66.67% 33.33% 

### $55.21 $36.14 $55.19 $34.50 16 8 66.67% 33.33% 

### $55.60 $41.15 $52.97 $38.00 16 8 66.67% 33.33% 

### $55.60 $41.15 $52.97 $38.00 16 8 66.67% 33.33% 

### $0.00 $44.31 $0.00 $40.25 0 24 0.00% 100.00% 

### $54.21 $44.31 $51.00 $40.25 16 8 66.67% 33.33% 

### $53.41 $36.91 $51.71 $34.25 16 8 66.67% 33.33% 

### $53.90 $35.18 $54.84 $33.50 16 8 66.67% 33.33% 

### $56.72 $36.72 $55.73 $33.25 16 8 66.67% 33.33% 

### $53.37 $38.00 $51.78 $35.00 16 8 66.67% 33.33% 

### $53.37 $38.00 $51.78 $35.00 16 8 66.67% 33.33% 

### $0.00 $44.42 $0.00 $41.94 0 24 0.00% 100.00% 

### $53.04 $44.42 $51.65 $41.94 16 8 66.67% 33.33% 

### $57.96 $40.00 $55.95 $35.74 16 8 66.67% 33.33% 

### $56.54 $37.71 $55.10 $33.57 16 8 66.67% 33.33% 

### $56.14 $38.54 $56.75 $36.50 16 8 66.67% 33.33% 

### $55.26 $39.28 $54.77 $36.54 16 8 66.67% 33.33% 

### $55.26 $39.28 $54.77 $36.54 16 8 66.67% 33.33% 

### $0.00 $40.01 $0.00 $37.75 0 24 0.00% 100.00% 

### $53.75 $40.01 $54.26 $37.75 16 8 66.67% 33.33% 

### $52.85 $35.35 $52.51 $32.77 16 8 66.67% 33.33% 

### $52.01 $34.62 $52.75 $33.26 16 8 66.67% 33.33% 

### $50.05 $34.16 $49.90 $33.25 16 8 66.67% 33.33% 

### $44.57 $32.43 $41.96 $31.55 16 8 66.67% 33.33% 

### $44.57 $32.43 $41.96 $31.55 16 8 66.67% 33.33% 

### $0.00 $26.11 $0.00 $24.77 0 24 0.00% 100.00% 

### $37.74 $26.11 $35.00 $24.77 16 8 66.67% 33.33%

### $34.63 $26.28 $34.00 $24.50 16 8 66.67% 33.33%



### $31.72 $21.63 $33.55 $19.69 16 8 66.67% 33.33% 

### $36.95 $23.87 $38.00 $22.89 16 8 66.67% 33.33% 

### $42.96 $28.68 $42.24 $25.74 16 8 66.67% 33.33% 

### $42.96 $28.68 $42.24 $25.74 16 8 66.67% 33.33% 

### $0.00 $34.79 $0.00 $30.53 0 24 0.00% 100.00% 

### $44.71 $34.79 $41.31 $30.53 16 8 66.67% 33.33% 

### $49.95 $31.92 $49.75 $26.72 16 8 66.67% 33.33% 

### $50.40 $31.50 $50.25 $30.25 16 8 66.67% 33.33% 

### $52.35 $33.46 $51.09 $30.50 16 8 66.67% 33.33% 

### $44.22 $31.92 $43.86 $27.75 16 8 66.67% 33.33% 

### $44.22 $31.92 $43.86 $27.75 16 8 66.67% 33.33% 

### $0.00 $29.26 $0.00 $26.14 0 24 0.00% 100.00% 

### $39.65 $29.26 $40.25 $26.14 16 8 66.67% 33.33% 

### $40.92 $27.66 $39.96 $25.84 16 8 66.67% 33.33% 

### $42.43 $30.17 $42.50 $27.43 16 8 66.67% 33.33% 

### $42.43 $30.17 $42.50 $27.43 16 8 66.67% 33.33% 

### $42.05 $31.95 $41.25 $30.30 16 8 66.67% 33.33% 

### $34.47 $29.69 $33.38 $27.17 16 8 66.67% 33.33% 

### $0.00 $28.93 $0.00 $28.00 0 24 0.00% 100.00% 

### $33.69 $28.93 $36.19 $28.00 16 8 66.67% 33.33% 

### $30.03 $19.87 $33.15 $21.57 16 8 66.67% 33.33% 

### $36.19 $25.83 $38.35 $26.18 16 8 66.67% 33.33% 

### $43.05 $31.68 $46.93 $31.61 16 8 66.67% 33.33% 

### $46.82 $37.68 $47.19 $36.00 16 8 66.67% 33.33% 

### $46.82 $37.68 $47.19 $36.00 16 8 66.67% 33.33% 

### $0.00 $41.20 $0.00 $42.25 0 24 0.00% 100.00% 

### $43.49 $41.20 $45.25 $42.25 16 8 66.67% 33.33% 

### $50.26 $38.52 $47.50 $34.50 16 8 66.67% 33.33% 

### $50.26 $38.52 $47.50 $34.50 16 8 66.67% 33.33% 

### $40.77 $32.48 $38.08 $28.11 16 8 66.67% 33.33% 

### $37.53 $30.02 $36.41 $26.54 16 8 66.67% 33.33% 

### $37.53 $30.02 $36.41 $26.54 16 8 66.67% 33.33% 

### $0.00 $30.58 $0.00 $27.25 0 24 0.00% 100.00% 

### $35.16 $30.58 $34.25 $27.25 16 8 66.67% 33.33% 

### $40.90 $30.67 $36.00 $25.04 16 8 66.67% 33.33% 

### $44.84 $33.89 $37.05 $23.25 16 8 66.67% 33.33% 

### $46.78 $36.95 $44.24 $27.14 16 8 66.67% 33.33% 

### $44.56 $33.36 $42.50 $24.83 16 8 66.67% 33.33% 

### $44.56 $33.36 $42.50 $24.83 16 8 66.67% 33.33% 

### $0.00 $34.74 $0.00 $31.00 0 24 0.00% 100.00% 

### $43.30 $34.74 $40.86 $31.00 16 8 66.67% 33.33% 

### $47.50 $38.12 $44.25 $33.61 16 8 66.67% 33.33% 

### $47.50 $38.12 $44.25 $33.61 16 8 66.67% 33.33% 

### $0.00 $38.12 $0.00 $33.61 0 24 0.00% 100.00% 

### $39.37 $36.24 $36.58 $32.75 16 8 66.67% 33.33% 

### $39.37 $36.24 $36.58 $32.75 16 8 66.67% 33.33% 

### $0.00 $36.24 $0.00 $32.75 0 24 0.00% 100.00% 

### $45.64 $34.73 $43.75 $30.50 16 8 66.67% 33.33% 

### $46.52 $34.29 $42.75 $28.00 16 8 66.67% 33.33% 

### $46.71 $35.57 $44.50 $24.79 16 8 66.67% 33.33%

### $45.80 $35.92 $44.25 $22.00 16 8 66.67% 33.33%



### $45.20 $35.79 $41.11 $25.50 16 8 66.67% 33.33% 

### $45.20 $35.79 $41.11 $25.50 16 8 66.67% 33.33% 

### $0.00 $33.91 $0.00 $30.50 0 24 0.00% 100.00% 

### $42.58 $33.91 $40.25 $30.50 16 8 66.67% 33.33% 

### $42.25 $29.41 $41.25 $23.00 16 8 66.67% 33.33% 

### $42.58 $32.97 $41.50 $28.00 16 8 66.67% 33.33% 

### $47.73 $37.04 $46.50 $31.00 16 8 66.67% 33.33% 

### $47.65 $38.00 $46.25 $32.00 16 8 66.67% 33.33% 

### $47.65 $38.00 $46.25 $32.00 16 8 66.67% 33.33% 

### $0.00 $38.11 $0.00 $32.25 0 24 0.00% 100.00% 

### $50.79 $38.11 $49.72 $32.25 16 8 66.67% 33.33% 

### $54.36 $42.62 $55.72 $43.50 16 8 66.67% 33.33% 

### $53.44 $44.71 $54.75 $44.21 16 8 66.67% 33.33% 

### $51.32 $39.43 $52.74 $39.00 16 8 66.67% 33.33% 

### $46.53 $33.04 $47.74 $32.50 16 8 66.67% 33.33% 

### $46.53 $33.04 $47.74 $32.50 16 8 66.67% 33.33% 

### $0.00 $39.50 $0.00 $38.75 0 24 0.00% 100.00% 

### $48.24 $39.50 $49.96 $38.75 16 8 66.67% 33.33% 

### $44.33 $34.76 $44.25 $33.50 16 8 66.67% 33.33% 

### $44.33 $34.76 $44.25 $33.50 16 8 66.67% 33.33% 

### $0.00 $34.76 $0.00 $33.50 0 24 0.00% 100.00% 

### $41.84 $31.24 $41.85 $30.93 16 8 66.67% 33.33% 

### $41.84 $31.24 $41.85 $30.93 16 8 66.67% 33.33% 

### $0.00 $30.49 $0.00 $30.25 0 24 0.00% 100.00% 

### $44.07 $30.49 $44.00 $30.25 16 8 66.67% 33.33% 

### $50.32 $37.52 $50.79 $35.50 16 8 66.67% 33.33% 

### $50.32 $37.52 $50.79 $35.50 16 8 66.67% 33.33% 

### $0.00 $39.57 $0.00 $36.98 0 24 0.00% 100.00% 

### $39.97 $31.78 $41.24 $29.75 16 8 66.67% 33.33% 

### $39.97 $31.78 $41.24 $29.75 16 8 66.67% 33.33% 

### $0.00 $31.70 $0.00 $30.82 0 24 0.00% 100.00% 

### $42.78 $31.70 $43.94 $30.82 16 8 66.67% 33.33% 

### $39.64 $32.07 $43.95 $31.50 16 8 66.67% 33.33% 

### $43.30 $35.36 $45.53 $35.00 16 8 66.67% 33.33% 

### $43.14 $34.50 $43.25 $32.71 16 8 66.67% 33.33% 

### $40.66 $32.82 $40.93 $32.41 16 8 66.67% 33.33% 

### $40.66 $32.82 $40.93 $32.41 16 8 66.67% 33.33% 

### $0.00 $31.98 $0.00 $31.82 0 24 0.00% 100.00% 

### $41.40 $31.98 $44.04 $31.82 16 8 66.67% 33.33% 

### $40.71 $30.95 $41.50 $31.00 16 8 66.67% 33.33% 

### $40.83 $30.93 $41.55 $29.52 16 8 66.67% 33.33% 

### $40.83 $30.93 $41.55 $29.52 16 8 66.67% 33.33% 

### $37.38 $28.91 $36.79 $27.13 16 8 66.67% 33.33% 

### $37.38 $28.91 $36.79 $27.13 16 8 66.67% 33.33% 

### $0.00 $32.41 $0.00 $30.83 0 24 0.00% 100.00% 

### $39.10 $32.41 $39.17 $30.83 16 8 66.67% 33.33% 

### $38.02 $27.09 $37.88 $27.00 16 8 66.67% 33.33% 

### $34.70 $23.26 $35.54 $23.00 16 8 66.67% 33.33% 

### $35.65 $24.72 $35.67 $23.50 16 8 66.67% 33.33% 

### $31.14 $21.36 $31.45 $20.92 16 8 66.67% 33.33%

### $31.14 $21.36 $31.45 $20.92 16 8 66.67% 33.33%



### $0.00 $26.92 $0.00 $25.80 0 24 0.00% 100.00% 

### $33.19 $26.92 $33.72 $25.80 16 8 66.67% 33.33% 

### $33.61 $25.03 $34.69 $24.50 16 8 66.67% 33.33% 

### $36.41 $27.59 $37.40 $27.64 16 8 66.67% 33.33% 

### $37.88 $28.20 $39.75 $28.12 16 8 66.67% 33.33% 

### $35.29 $26.58 $36.52 $27.00 16 8 66.67% 33.33% 

### $35.29 $26.58 $36.52 $27.00 16 8 66.67% 33.33% 

### $0.00 $29.95 $0.00 $31.00 0 24 0.00% 100.00% 

### $38.32 $29.95 $39.08 $31.00 16 8 66.67% 33.33% 

### $36.64 $26.68 $36.72 $27.75 16 8 66.67% 33.33% 

### $36.80 $27.84 $36.48 $29.50 16 8 66.67% 33.33% 

### $35.44 $27.36 $35.67 $28.42 16 8 66.67% 33.33% 

### $33.99 $25.41 $33.51 $27.50 16 8 66.67% 33.33% 

### $33.99 $25.41 $33.51 $27.50 16 8 66.67% 33.33% 

### $0.00 $26.60 $0.00 $28.00 0 24 0.00% 100.00% 

### $35.75 $26.60 $35.20 $28.00 16 8 66.67% 33.33% 

### $37.00 $25.70 $39.57 $30.75 16 8 66.67% 33.33% 

### $39.91 $29.98 $41.75 $33.75 16 8 66.67% 33.33% 

### $39.91 $29.98 $41.75 $33.75 16 8 66.67% 33.33% 

### $35.04 $29.31 $35.04 $31.00 16 8 66.67% 33.33% 

### $35.04 $29.31 $35.04 $31.00 16 8 66.67% 33.33% 

### $0.00 $28.74 $0.00 $30.75 0 24 0.00% 100.00% 

### $34.25 $28.74 $35.08 $30.75 16 8 66.67% 33.33% 

### $33.91 $27.14 $35.13 $29.25 16 8 66.67% 33.33% 

### $32.84 $27.60 $32.28 $29.00 16 8 66.67% 33.33% 

### $32.63 $26.65 $32.51 $28.75 16 8 66.67% 33.33% 

### $30.77 $25.57 $31.42 $26.75 16 8 66.67% 33.33% 

### $30.77 $25.57 $31.42 $26.75 16 8 66.67% 33.33% 

### $0.00 $24.18 $0.00 $25.50 0 24 0.00% 100.00% 

### $30.19 $24.18 $30.73 $25.50 16 8 66.67% 33.33% 

### $29.50 $23.46 $29.77 $25.25 16 8 66.67% 33.33% 

### $29.51 $22.65 $29.92 $24.25 16 8 66.67% 33.33% 

### $29.12 $20.34 $29.58 $22.75 16 8 66.67% 33.33% 

### $27.21 $21.11 $27.32 $22.50 16 8 66.67% 33.33% 

### $27.21 $21.11 $27.32 $22.50 16 8 66.67% 33.33% 

### $0.00 $20.22 $0.00 $20.25 0 24 0.00% 100.00% 

### $27.54 $20.22 $28.11 $20.25 16 8 66.67% 33.33% 

### $28.28 $18.44 $27.03 $18.25 16 8 66.67% 33.33% 

### $28.60 $17.37 $27.42 $18.00 16 8 66.67% 33.33% 

### $28.50 $17.61 $27.83 $17.50 16 8 66.67% 33.33% 

### $28.57 $18.75 $28.10 $18.00 16 8 66.67% 33.33% 

### $28.57 $18.75 $28.10 $18.00 16 8 66.67% 33.33% 

### $0.00 $22.82 $0.00 $23.50 0 24 0.00% 100.00% 

### $30.06 $22.82 $31.81 $23.50 16 8 66.67% 33.33% 

### $32.55 $22.59 $33.86 $24.75 16 8 66.67% 33.33% 

### $32.17 $23.39 $33.75 $25.50 16 8 66.67% 33.33% 

### $31.99 $22.66 $32.85 $24.70 16 8 66.67% 33.33% 

### $28.31 $21.27 $28.75 $22.25 16 8 66.67% 33.33% 

### $28.31 $21.27 $28.75 $22.25 16 8 66.67% 33.33% 

### $0.00 $21.78 $0.00 $22.00 0 24 0.00% 100.00%

### $28.70 $21.78 $27.72 $22.00 16 8 66.67% 33.33%



### $28.36 $20.68 $28.25 $20.00 16 8 66.67% 33.33% 

### $28.60 $20.34 $28.72 $20.25 16 8 66.67% 33.33% 

### $28.62 $19.83 $28.42 $20.00 16 8 66.67% 33.33% 

### $26.83 $18.16 $27.15 $19.25 16 8 66.67% 33.33% 

### $26.83 $18.16 $27.15 $19.25 16 8 66.67% 33.33% 

### $0.00 $22.48 $0.00 $21.25 0 24 0.00% 100.00% 

### $30.90 $22.48 $30.00 $21.25 16 8 66.67% 33.33% 

### $30.72 $20.21 $30.58 $19.92 16 8 66.67% 33.33% 

### $29.86 $21.08 $29.93 $20.25 16 8 66.67% 33.33% 

### $30.80 $21.21 $31.00 $21.00 16 8 66.67% 33.33% 

### $29.87 $23.65 $30.39 $21.25 16 8 66.67% 33.33% 

### $29.87 $23.65 $30.39 $21.25 16 8 66.67% 33.33% 

### $0.00 $25.41 $0.00 $26.00 0 24 0.00% 100.00% 

### $31.09 $25.41 $30.56 $26.00 16 8 66.67% 33.33% 

### $27.62 $19.95 $27.63 $20.00 16 8 66.67% 33.33% 

### $28.81 $22.16 $29.80 $22.00 16 8 66.67% 33.33% 

### $27.74 $17.90 $27.00 $17.75 16 8 66.67% 33.33% 

### $26.90 $18.31 $25.85 $18.25 16 8 66.67% 33.33% 

### $26.90 $18.31 $25.85 $18.25 16 8 66.67% 33.33% 

### $0.00 $26.06 $0.00 $26.25 0 24 0.00% 100.00% 

### $30.04 $26.06 $30.00 $26.25 16 8 66.67% 33.33% 

### $31.04 $20.01 $31.04 $20.50 16 8 66.67% 33.33% 

### $28.09 $18.88 $28.48 $20.25 16 8 66.67% 33.33% 

### $28.09 $18.88 $28.48 $20.25 16 8 66.67% 33.33% 

### $26.94 $18.08 $27.00 $18.50 16 8 66.67% 33.33% 

### $26.94 $18.08 $27.00 $18.50 16 8 66.67% 33.33% 

### $0.00 $18.73 $0.00 $18.00 0 24 0.00% 100.00% 

### $26.75 $18.73 $26.00 $18.00 16 8 66.67% 33.33% 

### $25.33 $21.50 $24.36 $17.75 16 8 66.67% 33.33% 

### $24.31 $22.50 $24.75 $21.28 16 8 66.67% 33.33% 

### $27.73 $22.25 $27.75 $18.30 16 8 66.67% 33.33% 

### $24.91 $19.52 $24.75 $18.21 16 8 66.67% 33.33% 

### $24.91 $19.52 $24.75 $18.21 16 8 66.67% 33.33% 

### $0.00 $22.00 $0.00 $20.75 0 24 0.00% 100.00% 

### $32.86 $22.00 $33.05 $20.75 16 8 66.67% 33.33% 

### $30.43 $15.63 $32.22 $15.82 16 8 66.67% 33.33% 

### $28.17 $17.00 $27.79 $15.53 16 8 66.67% 33.33% 

### $26.97 $15.42 $25.25 $13.75 16 8 66.67% 33.33% 

### $26.10 $14.00 $23.03 $13.25 16 8 66.67% 33.33% 

### $26.10 $14.00 $23.03 $13.25 16 8 66.67% 33.33% 

### $0.00 $17.04 $0.00 $16.50 0 24 0.00% 100.00% 

### $26.83 $17.04 $25.25 $16.50 16 8 66.67% 33.33% 

### $25.10 $14.59 $24.25 $14.00 16 8 66.67% 33.33% 

### $26.46 $15.14 $26.75 $13.50 16 8 66.67% 33.33% 

### $28.29 $19.75 $28.50 $18.00 16 8 66.67% 33.33% 

### $28.03 $20.30 $26.64 $19.03 16 8 66.67% 33.33% 

### $28.03 $20.30 $26.64 $19.03 16 8 66.67% 33.33% 

### $0.00 $21.45 $0.00 $18.57 0 24 0.00% 100.00% 

### $26.40 $21.45 $26.02 $18.57 16 8 66.67% 33.33% 

### $28.21 $18.32 $27.25 $16.66 16 8 66.67% 33.33%

### $30.02 $18.02 $34.61 $18.50 16 8 66.67% 33.33%



### $33.11 $18.63 $34.00 $18.75 16 8 66.67% 33.33% 

### $34.60 $20.65 $33.19 $19.02 16 8 66.67% 33.33% 

### $34.60 $20.65 $33.19 $19.02 16 8 66.67% 33.33% 

### $0.00 $28.75 $0.00 $28.00 0 24 0.00% 100.00% 

### $41.18 $28.75 $42.00 $28.00 16 8 66.67% 33.33% 

### $43.57 $23.60 $42.73 $22.61 16 8 66.67% 33.33% 

### $46.64 $24.48 $46.00 $24.00 16 8 66.67% 33.33% 

### $46.17 $24.15 $44.25 $20.75 16 8 66.67% 33.33% 

### $38.96 $23.14 $38.00 $20.59 16 8 66.67% 33.33% 

### $38.96 $23.14 $38.00 $20.59 16 8 66.67% 33.33% 

### $0.00 $32.20 $0.00 $32.75 0 24 0.00% 100.00% 

### $45.72 $32.20 $46.00 $32.75 16 8 66.67% 33.33% 

### $38.41 $20.47 $39.00 $17.71 16 8 66.67% 33.33% 

### $34.79 $22.49 $34.25 $18.67 16 8 66.67% 33.33% 

### $34.79 $22.49 $34.25 $18.67 16 8 66.67% 33.33% 

### $31.89 $19.56 $30.75 $17.62 16 8 66.67% 33.33% 

### $31.89 $19.56 $30.75 $17.62 16 8 66.67% 33.33% 

### $0.00 $22.89 $0.00 $21.50 0 24 0.00% 100.00% 

### $0.00 $22.89 $0.00 $21.50 0 24 0.00% 100.00% 

### $28.19 $16.14 $27.36 $15.50 16 8 66.67% 33.33% 

### $30.71 $15.53 $28.21 $14.00 16 8 66.67% 33.33% 

### $30.71 $15.53 $28.21 $14.00 16 8 66.67% 33.33% 

### $28.55 $15.85 $28.25 $13.65 16 8 66.67% 33.33% 

### $28.55 $15.85 $28.25 $13.65 16 8 66.67% 33.33% 

### $0.00 $20.50 $0.00 $20.50 0 24 0.00% 100.00% 

### $31.57 $18.28 $31.00 $17.00 16 8 66.67% 33.33% 

### $28.19 $13.49 $27.50 $14.22 16 8 66.67% 33.33% 

### $30.36 $9.00 $30.25 $8.19 16 8 66.67% 33.33% 

### $27.98 $11.00 $27.50 $8.25 16 8 66.67% 33.33% 

### $26.88 $11.00 $26.74 $8.10 16 8 66.67% 33.33% 

### $26.88 $11.00 $26.74 $8.10 16 8 66.67% 33.33% 

### $0.00 $14.05 $0.00 $10.98 0 24 0.00% 100.00% 

### $27.66 $14.05 $26.25 $10.98 16 8 66.67% 33.33% 

### $25.51 $11.75 $25.46 $7.83 16 8 66.67% 33.33% 

### $24.22 $11.50 $24.00 $9.70 16 8 66.67% 33.33% 

### $24.72 $10.75 $24.25 $11.25 16 8 66.67% 33.33% 

### $24.11 $12.00 $23.43 $11.50 16 8 66.67% 33.33% 

### $24.11 $12.00 $23.43 $11.50 16 8 66.67% 33.33% 

### $0.00 $18.09 $0.00 $17.75 0 24 0.00% 100.00% 

### $25.21 $18.09 $25.00 $17.75 16 8 66.67% 33.33% 

### $27.67 $17.69 $27.75 $16.96 16 8 66.67% 33.33% 

### $30.40 $18.75 $29.00 $17.50 16 8 66.67% 33.33% 

### $32.33 $18.50 $31.50 $17.25 16 8 66.67% 33.33% 

### $31.06 $15.50 $29.35 $13.00 16 8 66.67% 33.33% 

### $31.06 $15.50 $29.35 $13.00 16 8 66.67% 33.33% 

### $0.00 $22.17 $0.00 $21.50 0 24 0.00% 100.00% 

### $31.51 $22.17 $30.00 $21.50 16 8 66.67% 33.33% 

### $30.70 $16.88 $30.25 $14.00 16 8 66.67% 33.33% 

### $32.06 $20.50 $31.00 $17.00 16 8 66.67% 33.33% 

### $30.65 $19.27 $31.25 $19.25 16 8 66.67% 33.33%

### $30.56 $19.75 $30.00 $18.25 16 8 66.67% 33.33%



### $30.56 $19.75 $30.00 $18.25 16 8 66.67% 33.33% 

### $0.00 $24.00 $0.00 $22.00 0 24 0.00% 100.00% 

### $33.87 $24.00 $34.00 $22.00 16 8 66.67% 33.33% 

### $36.67 $23.75 $38.25 $22.25 16 8 66.67% 33.33% 

### $36.62 $22.33 $38.50 $21.25 16 8 66.67% 33.33% 

### $36.62 $22.33 $38.50 $21.25 16 8 66.67% 33.33% 

### $33.67 $22.45 $34.89 $23.50 16 8 66.67% 33.33% 

### $0.00 $22.45 $0.00 $23.50 0 24 0.00% 100.00% 

### $0.00 $22.59 $0.00 $24.75 0 24 0.00% 100.00% 

### $31.27 $22.59 $33.14 $24.75 16 8 66.67% 33.33% 

### $31.77 $18.27 $33.31 $19.50 16 8 66.67% 33.33% 

### $33.25 $17.91 $33.50 $18.38 16 8 66.67% 33.33% 

### $31.69 $17.19 $31.97 $16.81 16 8 66.67% 33.33% 

### $32.39 $18.00 $33.25 $18.00 16 8 66.67% 33.33% 

### $32.39 $18.00 $33.25 $18.00 16 8 66.67% 33.33% 

### $0.00 $23.65 $0.00 $22.25 0 24 0.00% 100.00% 

### $36.57 $23.65 $38.39 $22.25 16 8 66.67% 33.33% 

### $41.20 $21.05 $42.75 $25.58 16 8 66.67% 33.33% 

### $44.48 $20.87 $45.25 $25.13 16 8 66.67% 33.33% 

### $44.86 $22.21 $45.75 $25.38 16 8 66.67% 33.33% 

### $41.06 $21.60 $42.25 $24.00 16 8 66.67% 33.33% 

### $41.06 $21.60 $42.25 $24.00 16 8 66.67% 33.33% 

### $0.00 $28.15 $0.00 $32.00 0 24 0.00% 100.00% 

### $43.56 $28.15 $45.64 $32.00 16 8 66.67% 33.33% 

### $47.70 $24.51 $51.00 $27.69 16 8 66.67% 33.33% 

### $47.11 $25.32 $47.25 $27.59 16 8 66.67% 33.33% 

### $44.81 $22.97 $46.00 $26.00 16 8 66.67% 33.33% 

### $43.65 $23.95 $45.00 $25.50 16 8 66.67% 33.33% 

### $43.65 $23.95 $45.00 $25.50 16 8 66.67% 33.33% 

### $0.00 $31.18 $0.00 $38.50 0 24 0.00% 100.00% 

### $44.65 $31.18 $45.75 $38.50 16 8 66.67% 33.33% 

### $46.09 $24.50 $49.06 $23.33 16 8 66.67% 33.33% 

### $42.52 $22.11 $44.50 $22.77 16 8 66.67% 33.33% 

### $42.52 $22.11 $44.50 $22.77 16 8 66.67% 33.33% 

### $38.94 $20.80 $39.00 $22.09 16 8 66.67% 33.33% 

### $36.25 $20.23 $38.70 $21.25 16 8 66.67% 33.33% 

### $0.00 $30.46 $0.00 $29.75 0 24 0.00% 100.00% 

### $37.80 $30.46 $39.00 $29.75 16 8 66.67% 33.33% 

### $39.28 $21.75 $41.50 $22.01 16 8 66.67% 33.33% 

### $38.52 $22.26 $40.49 $22.69 16 8 66.67% 33.33% 

### $37.38 $22.69 $42.00 $23.01 16 8 66.67% 33.33% 

### $36.14 $24.68 $40.00 $24.94 16 8 66.67% 33.33% 

### $36.14 $24.68 $40.00 $24.94 16 8 66.67% 33.33% 

### $0.00 $28.70 $0.00 $28.38 0 24 0.00% 100.00% 

### $38.32 $28.70 $39.71 $28.38 16 8 66.67% 33.33% 

### $41.45 $23.04 $42.90 $23.00 16 8 66.67% 33.33% 

### $38.72 $23.16 $40.00 $23.00 16 8 66.67% 33.33% 

### $34.93 $22.32 $40.58 $23.00 16 8 66.67% 33.33% 

### $32.38 $21.61 $36.95 $22.50 16 8 66.67% 33.33% 

### $32.38 $21.61 $36.95 $22.50 16 8 66.67% 33.33%

### $0.00 $25.46 $0.00 $26.00 0 24 0.00% 100.00%



### $33.79 $25.46 $37.57 $26.00 16 8 66.67% 33.33% 

### $31.58 $19.89 $34.24 $20.75 16 8 66.67% 33.33% 

### $31.47 $20.04 $33.65 $20.80 16 8 66.67% 33.33% 

### $31.53 $19.66 $34.00 $19.90 16 8 66.67% 33.33% 

### $29.44 $19.04 $32.00 $19.50 16 8 66.67% 33.33% 

### $29.44 $19.04 $32.00 $19.50 16 8 66.67% 33.33% 

### $0.00 $21.58 $0.00 $24.00 0 24 0.00% 100.00% 

### $28.28 $21.58 $33.25 $24.00 16 8 66.67% 33.33% 

### $27.12 $16.95 $29.38 $18.83 16 8 66.67% 33.33% 

### $30.57 $18.70 $32.92 $19.25 16 8 66.67% 33.33% 

### $34.08 $19.60 $34.20 $19.00 16 8 66.67% 33.33% 

### $33.54 $17.76 $34.00 $18.38 16 8 66.67% 33.33% 

### $33.54 $17.76 $34.00 $18.38 16 8 66.67% 33.33% 

### $0.00 $22.68 $0.00 $24.25 0 24 0.00% 100.00% 

### $32.79 $22.68 $34.25 $24.25 16 8 66.67% 33.33% 

### $31.24 $18.67 $34.08 $19.00 16 8 66.67% 33.33% 

### $30.32 $17.74 $33.63 $18.75 16 8 66.67% 33.33% 

### $30.32 $17.74 $33.63 $18.75 16 8 66.67% 33.33% 

### $26.16 $16.65 $28.43 $17.00 16 8 66.67% 33.33% 

### $26.16 $16.65 $28.43 $17.00 16 8 66.67% 33.33% 

### $0.00 $17.23 $0.00 $19.00 0 24 0.00% 100.00% 

### $0.00 $17.23 $0.00 $19.00 0 24 0.00% 100.00% 

### $24.36 $14.97 $26.25 $15.25 16 8 66.67% 33.33% 

### $25.72 $15.35 $28.25 $15.50 16 8 66.67% 33.33% 

### $28.92 $16.10 $30.96 $16.00 16 8 66.67% 33.33% 

### $27.63 $17.00 $31.56 $17.00 16 8 66.67% 33.33% 

### $27.63 $17.00 $31.56 $17.00 16 8 66.67% 33.33% 

### $0.00 $24.27 $0.00 $26.00 0 24 0.00% 100.00% 

### $30.73 $24.27 $33.59 $26.00 16 8 66.67% 33.33% 

### $26.81 $19.75 $28.93 $17.75 16 8 66.67% 33.33% 

### $32.60 $22.63 $36.03 $23.94 16 8 66.67% 33.33% 

### $34.75 $21.84 $36.59 $24.00 16 8 66.67% 33.33% 

### $36.13 $22.03 $37.50 $22.25 16 8 66.67% 33.33% 

### $36.13 $22.03 $37.50 $22.25 16 8 66.67% 33.33% 

### $0.00 $26.45 $0.00 $27.50 0 24 0.00% 100.00% 

### $36.39 $26.45 $38.85 $27.50 16 8 66.67% 33.33% 

### $32.93 $20.05 $37.24 $22.00 16 8 66.67% 33.33% 

### $34.02 $20.22 $38.25 $22.39 16 8 66.67% 33.33% 

### $30.80 $18.71 $33.38 $21.00 16 8 66.67% 33.33% 

### $33.33 $18.95 $33.98 $19.00 16 8 66.67% 33.33% 

### $33.33 $18.95 $33.98 $19.00 16 8 66.67% 33.33% 

### $0.00 $28.21 $0.00 $27.29 0 24 0.00% 100.00% 

### $35.12 $28.21 $34.53 $27.29 16 8 66.67% 33.33% 

### $33.08 $22.11 $34.13 $20.25 16 8 66.67% 33.33% 

### $32.11 $21.74 $32.78 $20.00 16 8 66.67% 33.33% 

### $31.22 $19.93 $34.25 $20.25 16 8 66.67% 33.33% 

### $29.98 $21.75 $31.41 $20.00 16 8 66.67% 33.33% 

### $29.98 $21.75 $31.41 $20.00 16 8 66.67% 33.33% 

### $0.00 $19.61 $0.00 $18.50 0 24 0.00% 100.00% 

### $26.14 $19.61 $26.64 $18.50 16 8 66.67% 33.33%

### $27.53 $19.05 $28.01 $16.84 16 8 66.67% 33.33%



### $30.51 $21.46 $30.69 $20.63 16 8 66.67% 33.33% 

### $35.65 $24.47 $37.63 $25.00 16 8 66.67% 33.33% 

### $41.95 $30.25 $42.00 $28.75 16 8 66.67% 33.33% 

### $41.95 $30.25 $42.00 $28.75 16 8 66.67% 33.33% 

### $0.00 $30.94 $0.00 $28.00 0 24 0.00% 100.00% 

### $37.85 $30.94 $39.00 $28.00 16 8 66.67% 33.33% 

### $37.69 $28.46 $38.85 $25.50 16 8 66.67% 33.33% 

### $37.64 $27.25 $37.34 $24.17 16 8 66.67% 33.33% 

### $37.39 $26.04 $37.31 $22.78 16 8 66.67% 33.33% 

### $38.32 $27.59 $38.50 $22.05 16 8 66.67% 33.33% 

### $38.32 $27.59 $38.50 $22.05 16 8 66.67% 33.33% 

### $0.00 $32.08 $0.00 $26.07 0 24 0.00% 100.00% 

### $39.31 $32.08 $39.00 $26.07 16 8 66.67% 33.33% 

### $41.49 $29.32 $42.27 $21.38 16 8 66.67% 33.33% 

### $44.32 $30.65 $42.36 $21.00 16 8 66.67% 33.33% 

### $46.18 $31.22 $44.32 $22.98 16 8 66.67% 33.33% 

### $47.18 $31.21 $45.40 $25.19 16 8 66.67% 33.33% 

### $47.18 $31.21 $45.40 $25.19 16 8 66.67% 33.33% 

### $0.00 $38.74 $0.00 $33.24 0 24 0.00% 100.00% 

### $47.24 $38.74 $44.73 $33.24 16 8 66.67% 33.33% 

### $43.59 $31.22 $41.73 $26.75 16 8 66.67% 33.33% 

### $41.88 $29.29 $39.46 $24.75 16 8 66.67% 33.33% 

### $43.58 $30.91 $41.45 $24.50 16 8 66.67% 33.33% 

### $38.62 $29.64 $37.47 $28.25 16 8 66.67% 33.33% 

### $38.62 $29.64 $37.47 $28.25 16 8 66.67% 33.33% 

### $0.00 $32.40 $0.00 $31.75 0 24 0.00% 100.00% 

### $38.72 $32.40 $39.57 $31.75 16 8 66.67% 33.33% 

### $41.34 $30.74 $37.35 $21.72 16 8 66.67% 33.33% 

### $41.59 $29.77 $37.75 $23.50 16 8 66.67% 33.33% 

### $42.05 $29.36 $37.24 $23.03 16 8 66.67% 33.33% 

### $36.25 $24.50 $30.02 $18.56 16 8 66.67% 33.33% 

### $36.25 $24.50 $30.02 $18.56 16 8 66.67% 33.33% 

### $0.00 $28.53 $0.00 $26.08 0 24 0.00% 100.00% 

### $35.02 $28.53 $34.79 $26.08 16 8 66.67% 33.33% 

### $36.53 $28.40 $37.94 $26.00 16 8 66.67% 33.33% 

### $33.94 $25.43 $35.50 $22.43 16 8 66.67% 33.33% 

### $33.94 $25.43 $35.50 $22.43 16 8 66.67% 33.33% 

### $28.99 $20.58 $29.50 $20.25 16 8 66.67% 33.33% 

### $28.99 $20.58 $29.50 $20.25 16 8 66.67% 33.33% 

### $0.00 $22.10 $0.00 $22.27 0 24 0.00% 100.00% 

### $25.83 $22.10 $28.90 $22.27 16 8 66.67% 33.33% 

### $26.64 $19.78 $26.63 $18.50 16 8 66.67% 33.33% 

### $33.57 $25.03 $32.79 $24.25 16 8 66.67% 33.33% 

### $34.67 $27.02 $35.00 $26.45 16 8 66.67% 33.33% 

### $34.31 $24.66 $34.78 $25.50 16 8 66.67% 33.33% 

### $34.31 $24.66 $34.78 $25.50 16 8 66.67% 33.33% 

### $0.00 $29.77 $0.00 $27.00 0 24 0.00% 100.00% 

### $31.53 $29.77 $32.94 $27.00 16 8 66.67% 33.33% 

### $33.89 $26.53 $32.43 $23.50 16 8 66.67% 33.33% 

### $33.89 $26.53 $32.43 $23.50 16 8 66.67% 33.33%

### $0.00 $24.92 $0.00 $21.50 0 24 0.00% 100.00%



### $29.00 $24.92 $26.85 $21.50 16 8 66.67% 33.33% 

### $29.00 $24.92 $26.85 $21.50 16 8 66.67% 33.33% 

### $0.00 $25.87 $0.00 $21.75 0 24 0.00% 100.00% 

### $29.96 $25.87 $27.86 $21.75 16 8 66.67% 33.33% 

### $41.83 $33.06 $43.00 $32.75 16 8 66.67% 33.33% 

### $42.14 $32.37 $44.00 $32.25 16 8 66.67% 33.33% 

### $43.29 $33.84 $45.00 $34.00 16 8 66.67% 33.33% 

### $42.62 $33.27 $46.75 $35.50 16 8 66.67% 33.33% 

### $42.62 $33.27 $46.75 $35.50 16 8 66.67% 33.33% 

### $0.00 $36.48 $0.00 $37.63 0 24 0.00% 100.00% 

### $42.67 $36.48 $48.00 $37.63 16 8 66.67% 33.33% 

### $47.51 $35.54 $52.25 $38.25 16 8 66.67% 33.33% 

### $59.73 $44.97 $66.67 $48.00 16 8 66.67% 33.33% 

### $53.91 $42.34 $59.00 $39.93 16 8 66.67% 33.33% 

### $48.08 $40.81 $53.90 $40.25 16 8 66.67% 33.33% 

### $48.08 $40.81 $53.90 $40.25 16 8 66.67% 33.33% 

### $0.00 $38.23 $0.00 $38.78 0 24 0.00% 100.00% 

### $47.52 $38.23 $51.00 $38.78 16 8 66.67% 33.33% 

### $48.33 $35.11 $50.50 $33.75 16 8 66.67% 33.33% 

### $47.69 $33.72 $48.75 $31.75 16 8 66.67% 33.33% 

### $46.82 $32.74 $48.00 $32.00 16 8 66.67% 33.33% 

### $46.99 $32.03 $47.25 $35.00 16 8 66.67% 33.33% 

### $46.99 $32.03 $47.25 $35.00 16 8 66.67% 33.33% 

### $0.00 $38.71 $0.00 $41.75 0 24 0.00% 100.00% 

### $49.03 $38.71 $51.25 $41.75 16 8 66.67% 33.33% 

### $47.27 $34.68 $50.50 $36.00 16 8 66.67% 33.33% 

### $47.27 $34.68 $50.50 $36.00 16 8 66.67% 33.33% 

### $45.67 $40.33 $44.00 $38.50 16 8 66.67% 33.33% 

### $0.00 $40.33 $0.00 $38.50 0 24 0.00% 100.00% 

### $45.67 $40.33 $44.00 $38.50 16 8 66.67% 33.33% 

### $0.00 $39.11 $0.00 $39.75 0 24 0.00% 100.00% 

### $48.03 $39.11 $48.25 $39.75 16 8 66.67% 33.33% 

### $51.11 $37.75 $51.50 $36.50 16 8 66.67% 33.33% 

### $52.25 $36.36 $52.25 $35.00 16 8 66.67% 33.33% 

### $52.25 $36.36 $52.25 $35.00 16 8 66.67% 33.33% 

### $0.00 $35.37 $0.00 $34.25 0 24 0.00% 100.00% 

### $44.03 $35.37 $42.25 $34.25 16 8 66.67% 33.33% 

### $0.00 $33.60 $0.00 $34.75 0 24 0.00% 100.00% 

### $47.21 $33.60 $46.75 $34.75 16 8 66.67% 33.33% 

### $49.67 $36.74 $50.00 $38.50 16 8 66.67% 33.33% 

### $49.18 $35.16 $49.75 $37.75 16 8 66.67% 33.33% 

### $48.35 $33.56 $48.50 $34.25 16 8 66.67% 33.33% 

### $53.38 $38.64 $55.50 $43.25 16 8 66.67% 33.33% 

### $53.38 $38.64 $55.50 $43.25 16 8 66.67% 33.33% 

### $0.00 $38.05 $0.00 $38.25 0 24 0.00% 100.00% 

### $47.17 $38.05 $47.00 $38.25 16 8 66.67% 33.33% 

### $46.24 $34.83 $46.00 $34.75 16 8 66.67% 33.33% 

### $48.41 $37.02 $47.21 $37.50 16 8 66.67% 33.33% 

### $48.41 $37.02 $47.21 $37.50 16 8 66.67% 33.33% 

### $46.76 $34.98 $44.15 $34.14 16 8 66.67% 33.33%

### $46.76 $34.98 $44.15 $34.14 16 8 66.67% 33.33%



### $0.00 $39.83 $0.00 $38.25 0 24 0.00% 100.00% 

### $47.50 $39.83 $46.00 $38.25 16 8 66.67% 33.33% 

### $49.10 $36.15 $47.25 $36.00 16 8 66.67% 33.33% 

### $49.17 $35.68 $47.50 $35.75 16 8 66.67% 33.33% 

### $48.05 $37.52 $49.50 $39.00 16 8 66.67% 33.33% 

### $46.25 $35.50 $46.50 $35.00 16 8 66.67% 33.33% 

### $46.25 $35.50 $46.50 $35.00 16 8 66.67% 33.33% 

### $0.00 $39.17 $0.00 $37.50 0 24 0.00% 100.00% 

### $48.27 $39.17 $48.25 $37.50 16 8 66.67% 33.33% 

### $49.00 $35.03 $47.00 $36.00 16 8 66.67% 33.33% 

### $45.90 $33.87 $47.25 $34.75 16 8 66.67% 33.33% 

### $45.90 $33.87 $47.25 $34.75 16 8 66.67% 33.33% 

### $42.66 $33.34 $42.50 $33.25 16 8 66.67% 33.33% 

### $42.66 $33.34 $42.50 $33.25 16 8 66.67% 33.33% 

### $0.00 $37.22 $0.00 $36.25 0 24 0.00% 100.00% 

### $43.33 $32.15 $43.00 $33.00 16 8 66.67% 33.33% 

### $45.42 $33.07 $46.00 $34.50 16 8 66.67% 33.33% 

### $47.71 $34.75 $49.50 $39.50 16 8 66.67% 33.33% 

### $48.94 $35.89 $50.50 $39.00 16 8 66.67% 33.33% 

### $48.73 $36.36 $47.25 $36.50 16 8 66.67% 33.33% 

### $48.73 $36.36 $47.25 $36.50 16 8 66.67% 33.33% 

### $0.00 $40.11 $0.00 $38.25 0 24 0.00% 100.00% 

### $51.97 $40.11 $51.50 $38.25 16 8 66.67% 33.33% 

### $50.08 $38.48 $50.75 $39.25 16 8 66.67% 33.33% 

### $49.82 $38.50 $50.50 $39.50 16 8 66.67% 33.33% 

### $49.82 $38.50 $50.50 $39.50 16 8 66.67% 33.33% 

### $50.25 $39.06 $48.75 $40.00 16 8 66.67% 33.33% 

### $50.25 $39.06 $48.75 $40.00 16 8 66.67% 33.33% 

### $0.00 $42.75 $0.00 $41.75 0 24 0.00% 100.00% 

### $48.82 $42.75 $47.50 $41.75 16 8 66.67% 33.33% 

### $46.74 $34.71 $47.00 $35.00 16 8 66.67% 33.33% 

### $47.31 $33.66 $46.50 $34.50 16 8 66.67% 33.33% 

### $45.50 $34.00 $45.25 $35.75 16 8 66.67% 33.33% 

### $42.48 $32.39 $41.50 $32.50 16 8 66.67% 33.33% 

### $42.48 $32.39 $41.50 $32.50 16 8 66.67% 33.33% 

### $0.00 $35.64 $0.00 $35.00 0 24 0.00% 100.00% 

### $41.80 $35.64 $42.00 $35.00 16 8 66.67% 33.33% 

### $41.77 $32.75 $42.25 $34.50 16 8 66.67% 33.33% 

### $42.44 $33.26 $43.25 $34.75 16 8 66.67% 33.33% 

### $42.44 $33.26 $43.25 $34.75 16 8 66.67% 33.33% 

### $43.07 $33.00 $43.00 $33.50 16 8 66.67% 33.33% 

### $43.07 $33.00 $43.00 $33.50 16 8 66.67% 33.33% 

### $0.00 $37.50 $0.00 $38.00 0 24 0.00% 100.00% 

### $42.73 $31.90 $46.50 $32.50 16 8 66.67% 33.33% 

### $43.09 $31.77 $46.75 $34.00 16 8 66.67% 33.33% 

### $43.50 $32.64 $46.50 $33.75 16 8 66.67% 33.33% 

### $44.08 $31.98 $46.75 $32.50 16 8 66.67% 33.33% 

### $42.38 $32.00 $44.50 $32.75 16 8 66.67% 33.33% 

### $42.38 $32.00 $44.50 $32.75 16 8 66.67% 33.33% 

### $0.00 $34.99 $0.00 $34.75 0 24 0.00% 100.00%

### $41.37 $34.99 $43.00 $34.75 16 8 66.67% 33.33%



### $43.72 $34.49 $47.50 $36.75 16 8 66.67% 33.33% 

### $42.44 $35.02 $46.25 $37.00 16 8 66.67% 33.33% 

### $42.45 $33.80 $46.50 $35.00 16 8 66.67% 33.33% 

### $42.48 $34.17 $43.50 $34.25 16 8 66.67% 33.33% 

### $42.48 $34.17 $43.50 $34.25 16 8 66.67% 33.33% 

### $0.00 $38.00 $0.00 $38.50 0 24 0.00% 100.00% 

### $44.11 $38.00 $45.00 $38.50 16 8 66.67% 33.33% 

### $41.34 $32.50 $44.00 $34.25 16 8 66.67% 33.33% 

### $45.55 $32.59 $45.00 $33.25 16 8 66.67% 33.33% 

### $44.67 $31.51 $44.50 $30.50 16 8 66.67% 33.33% 

### $38.36 $28.61 $39.25 $29.75 16 8 66.67% 33.33% 

### $38.36 $28.61 $39.25 $29.75 16 8 66.67% 33.33% 

### $0.00 $30.21 $0.00 $30.75 0 24 0.00% 100.00% 

### $38.31 $30.21 $39.50 $30.75 16 8 66.67% 33.33% 

### $38.63 $26.92 $40.00 $27.25 16 8 66.67% 33.33% 

### $39.77 $27.38 $42.00 $28.25 16 8 66.67% 33.33% 

### $38.16 $25.20 $39.25 $27.00 16 8 66.67% 33.33% 

### $37.72 $25.38 $38.00 $25.25 16 8 66.67% 33.33% 

### $37.72 $25.38 $38.00 $25.25 16 8 66.67% 33.33% 

### $0.00 $30.59 $0.00 $32.50 0 24 0.00% 100.00% 

### $38.67 $30.59 $39.50 $32.50 16 8 66.67% 33.33% 

### $37.98 $26.81 $39.25 $27.00 16 8 66.67% 33.33% 

### $37.71 $26.53 $39.75 $27.25 16 8 66.67% 33.33% 

### $35.27 $25.39 $31.00 $20.81 16 8 66.67% 33.33% 

### $35.27 $25.39 $31.00 $20.81 16 8 66.67% 33.33% 

### $35.27 $25.39 $31.00 $20.81 16 8 66.67% 33.33% 

### $0.00 $27.23 $0.00 $27.00 0 24 0.00% 100.00% 

### $35.38 $27.23 $35.75 $27.00 16 8 66.67% 33.33% 

### $35.07 $24.16 $33.75 $24.67 16 8 66.67% 33.33% 

### $36.93 $27.49 $38.00 $29.25 16 8 66.67% 33.33% 

### $38.65 $28.66 $39.00 $29.00 16 8 66.67% 33.33% 

### $37.76 $28.99 $40.00 $29.50 16 8 66.67% 33.33% 

### $37.76 $28.99 $40.00 $29.50 16 8 66.67% 33.33% 

### $0.00 $30.80 $0.00 $32.00 0 24 0.00% 100.00% 

### $37.66 $30.80 $39.50 $32.00 16 8 66.67% 33.33% 

### $37.14 $26.77 $37.50 $27.00 16 8 66.67% 33.33% 

### $37.07 $26.80 $38.75 $27.75 16 8 66.67% 33.33% 

### $38.99 $29.51 $41.00 $30.00 16 8 66.67% 33.33% 

### $35.99 $27.24 $36.50 $27.25 16 8 66.67% 33.33% 

### $35.99 $27.24 $36.50 $27.25 16 8 66.67% 33.33% 

### $0.00 $27.76 $0.00 $28.50 0 24 0.00% 100.00% 

### $35.56 $27.76 $37.50 $28.50 16 8 66.67% 33.33% 

### $34.68 $26.08 $38.50 $27.50 16 8 66.67% 33.33% 

### $34.65 $25.30 $37.50 $27.00 16 8 66.67% 33.33% 

### $32.68 $27.17 $35.25 $28.50 16 8 66.67% 33.33% 

### $32.67 $26.59 $34.25 $26.75 16 8 66.67% 33.33% 

### $32.67 $26.59 $34.25 $26.75 16 8 66.67% 33.33% 

### $0.00 $29.00 $0.00 $29.00 0 24 0.00% 100.00% 

### $34.88 $29.00 $36.00 $29.00 16 8 66.67% 33.33% 

### $36.34 $26.93 $38.00 $27.75 16 8 66.67% 33.33%

### $35.37 $26.28 $37.50 $28.50 16 8 66.67% 33.33%



### $35.37 $26.28 $37.50 $28.50 16 8 66.67% 33.33% 

### $33.55 $24.25 $32.50 $25.25 16 8 66.67% 33.33% 

### $32.23 $23.11 $31.75 $23.25 16 8 66.67% 33.33% 

### $0.00 $26.42 $0.00 $26.40 0 24 0.00% 100.00% 

### $35.00 $26.42 $32.75 $26.40 16 8 66.67% 33.33% 

### $34.08 $23.75 $32.00 $22.25 16 8 66.67% 33.33% 

### $35.57 $25.64 $36.50 $24.50 16 8 66.67% 33.33% 

### $34.18 $26.60 $33.00 $24.25 16 8 66.67% 33.33% 

### $32.76 $26.77 $31.25 $25.25 16 8 66.67% 33.33% 

### $32.76 $26.77 $31.25 $25.25 16 8 66.67% 33.33% 

### $0.00 $27.65 $0.00 $27.00 0 24 0.00% 100.00% 

### $34.31 $27.65 $30.50 $27.00 16 8 66.67% 33.33% 

### $34.43 $24.90 $34.00 $24.25 16 8 66.67% 33.33% 

### $34.60 $24.37 $34.25 $24.00 16 8 66.67% 33.33% 

### $34.31 $24.34 $32.75 $23.75 16 8 66.67% 33.33% 

### $34.62 $25.08 $34.25 $24.75 16 8 66.67% 33.33% 

### $34.62 $25.08 $34.25 $24.75 16 8 66.67% 33.33% 

### $0.00 $29.11 $0.00 $29.50 0 24 0.00% 100.00% 

### $37.52 $29.11 $37.50 $29.50 16 8 66.67% 33.33% 

### $36.25 $25.81 $36.50 $23.75 16 8 66.67% 33.33% 

### $37.60 $25.42 $33.50 $24.25 16 8 66.67% 33.33% 

### $35.83 $23.04 $33.75 $20.00 16 8 66.67% 33.33% 

### $34.58 $20.05 $31.50 $17.25 16 8 66.67% 33.33% 

### $34.58 $20.05 $31.50 $17.25 16 8 66.67% 33.33% 

### $0.00 $24.19 $0.00 $20.50 0 24 0.00% 100.00% 

### $33.98 $24.19 $31.75 $20.50 16 8 66.67% 33.33% 

### $33.33 $21.58 $31.25 $16.75 16 8 66.67% 33.33% 

### $34.36 $23.66 $30.00 $18.00 16 8 66.67% 33.33% 

### $34.36 $23.66 $30.00 $18.00 16 8 66.67% 33.33% 

### $32.00 $22.63 $29.25 $17.75 16 8 66.67% 33.33% 

### $32.00 $22.63 $29.25 $17.75 16 8 66.67% 33.33% 

### $0.00 $29.95 $0.00 $27.50 0 24 0.00% 100.00% 

### $0.00 $29.95 $0.00 $27.50 0 24 0.00% 100.00% 

### $35.73 $23.40 $36.00 $21.53 16 8 66.67% 33.33% 

### $34.08 $19.40 $31.25 $16.25 16 8 66.67% 33.33% 

### $33.23 $18.12 $32.00 $16.14 16 8 66.67% 33.33% 

### $33.78 $15.72 $32.25 $14.25 16 8 66.67% 33.33% 

### $33.78 $15.72 $32.25 $14.25 16 8 66.67% 33.33% 

### $0.00 $29.72 $0.00 $26.00 0 24 0.00% 100.00% 

### $43.96 $29.72 $42.75 $26.00 16 8 66.67% 33.33% 

### $38.21 $16.66 $39.25 $14.00 16 8 66.67% 33.33% 

### $37.03 $14.99 $37.25 $15.50 16 8 66.67% 33.33% 

### $34.37 $14.56 $32.75 $15.00 16 8 66.67% 33.33% 

### $29.22 $13.10 $28.50 $14.50 16 8 66.67% 33.33% 

### $29.22 $13.10 $28.50 $14.50 16 8 66.67% 33.33% 

### $0.00 $18.86 $0.00 $18.25 0 24 0.00% 100.00% 

### $35.67 $18.86 $35.75 $18.25 16 8 66.67% 33.33% 

### $36.89 $16.54 $38.25 $14.25 16 8 66.67% 33.33% 

### $36.75 $15.70 $35.75 $12.75 16 8 66.67% 33.33% 

### $36.35 $15.12 $36.25 $13.00 16 8 66.67% 33.33%

### $33.53 $14.86 $33.50 $12.25 16 8 66.67% 33.33%



### $33.53 $14.86 $33.50 $12.25 16 8 66.67% 33.33% 

### $0.00 $21.04 $0.00 $17.00 0 24 0.00% 100.00% 

### $36.99 $21.04 $37.50 $17.00 16 8 66.67% 33.33% 

### $37.19 $16.90 $40.50 $15.75 16 8 66.67% 33.33% 

### $38.24 $19.25 $45.00 $17.00 16 8 66.67% 33.33% 

### $39.13 $19.90 $43.50 $15.00 16 8 66.67% 33.33% 

### $36.42 $20.48 $38.00 $15.50 16 8 66.67% 33.33% 

### $36.42 $20.48 $38.00 $15.50 16 8 66.67% 33.33% 

### $0.00 $32.52 $0.00 $29.50 0 24 0.00% 100.00% 

### $42.94 $32.52 $49.00 $29.50 16 8 66.67% 33.33% 

### $42.33 $23.00 $48.00 $18.25 16 8 66.67% 33.33% 

### $41.26 $19.67 $46.00 $16.00 16 8 66.67% 33.33% 

### $41.07 $20.21 $46.50 $19.25 16 8 66.67% 33.33% 

### $39.58 $22.42 $41.56 $19.00 16 8 66.67% 33.33% 

### $39.58 $22.42 $41.56 $19.00 16 8 66.67% 33.33% 

### $0.00 $32.25 $0.00 $20.75 0 24 0.00% 100.00% 

### $0.00 $32.25 $0.00 $20.75 0 24 0.00% 100.00% 

### $41.66 $32.25 $45.00 $20.75 16 8 66.67% 33.33% 

### $38.83 $22.24 $41.50 $18.50 16 8 66.67% 33.33% 

### $42.25 $23.35 $44.46 $19.25 16 8 66.67% 33.33%

### $40.50 $40.50 2007

$63.77 $63.87 2007 $61.69 $61.38 2007

$58.38 $59.18 2007

$73.02 $75.89 2007 $60.32 $63.96 2007 $60.32 $63.96 2007 $87.27 $88.99 2007 $86.33 $89.52 2007 $57.25 $62.69 2007

### $43.74 $44.50 2007

$44.62 $44.75 2007 $59.41 $62.98 2007 $49.24 $53.40 2007 $51.52 $54.29 2007 $48.17 $51.40 2007 $48.17 $51.40 2007 $42.39 $45.89 2007 $52.27 $58.80 2007 $49.26 $52.72 2007 $51.34 $54.49 2007 $52.07 $52.69 2007 $50.77 $50.93 2007 $50.77 $50.93 2007 $41.50 $37.75 2007 $53.61 $53.92 2007 $47.38 $48.45 2007 $42.89 $43.75 2007 $42.07 $43.25 2007 $40.53 $41.42 2007 $40.53 $41.42 2007 $35.00 $35.60 2007 $43.66 $45.20 2007 $43.82 $43.33 2007 $47.57 $46.22 2007 $47.57 $46.22 2007 $46.56 $43.17 2007 $46.56 $43.17 2007 $41.42 $36.75 2007 $48.90 $46.50 2007 $52.95 $50.42 2007 $59.52 $56.50 2007 $65.07 $60.13 2007 $54.30 $50.33 2007 $54.30 $50.33 2007 $46.11 $43.00 2007 $55.60 $52.67 2007 $55.72 $51.75 2007 $55.71 $53.42 2007 $58.29 $53.17 2007 $55.72 $53.33 2007 $55.72 $53.33 2007 $48.35 $42.14 2007 $55.49 $52.05 2007 $51.89 $45.33 2007 $53.47 $47.83 2007 $52.15 $47.12 2007 $52.77 $47.33 2007 $52.77 $47.33 2007 $48.60 $44.46 2007 $56.25 $52.92 2007

### $52.55 $46.00 2007

$53.41 $47.71 2007 $54.02 $48.83 2007 $56.67 $50.17 2007 $56.67 $50.17 2007 $50.25 $47.35 2007 $59.46 $54.45 2007 $56.59 $51.97 2007 $55.73 $53.54 2007 $55.97 $50.79 2007 $54.64 $51.33 2007 $54.64 $51.33 2007 $44.76 $42.00 2007 $50.14 $49.17 2007 $49.95 $48.87 2007 $51.57 $49.67 2007 $51.57 $49.67 2007 $49.79 $45.50 2007 $49.79 $45.50 2007 $40.85 $38.00 2007 $47.54 $47.33 2007 $46.21 $45.67 2007 $47.22 $46.00 2007 $43.68 $43.50 2007 $40.65 $42.17 2007 $40.65 $42.17 2007 $35.66 $35.50 2007 $40.73 $42.50 2007 $41.69 $42.08 2007 $41.69 $42.08 2007 $37.52 $40.00 2007 $40.09 $40.67 2007 $40.09 $40.67 2007 $41.91 $41.75 2007 $44.02 $46.25 2007 $55.75 $56.50 2007 $59.76 $62.00 2007 $59.76 $62.00 2007 $62.02 $61.58 2007 $56.22 $57.25 2007 $50.49 $48.75 2007 $55.68 $55.92 2007 $49.96 $50.00 2007 $53.08 $53.50 2007 $52.82 $51.92 2007 $50.25 $49.17 2007 $50.25 $49.17 2007 $53.91 $49.00 2007 $54.68 $56.67 2007 $53.83 $62.17 2007 $59.54 $63.50 2007

### $62.42 $66.42 2007

$63.23 $67.17 2007 $63.23 $67.17 2007 $54.65 $55.50 2007 $62.18 $63.33 2007 $55.06 $56.83 2007 $55.28 $57.42 2007 $55.28 $57.42 2007 $56.03 $57.00 2007 $56.03 $57.00 2007 $52.75 $51.50 2007 $56.16 $57.17 2007 $51.31 $49.00 2007 $54.69 $53.67 2007 $56.51 $55.83 2007 $55.80 $55.42 2007 $55.80 $55.42 2007 $55.57 $52.00 2007 $59.88 $59.83 2007 $17.00 $16.00 2008 $56.87 $56.17 2008 $59.83 $58.50 2008 $56.63 $54.00 2008 $56.63 $54.00 2008 $51.29 $48.49 2008 $57.25 $56.52 2008 $58.71 $58.04 2008 $58.31 $58.24 2008 $58.96 $59.14 2008 $57.63 $57.40 2008 $57.63 $57.40 2008 $56.54 $57.00 2008 $62.73 $63.63 2008 $63.58 $65.83 2008 $67.53 $73.25 2008 $67.53 $73.25 2008 $66.02 $66.50 2008 $66.02 $66.50 2008 $61.80 $64.50 2008 $67.90 $70.83 2008 $69.32 $73.33 2008 $62.58 $67.67 2008 $62.81 $66.25 2008 $60.01 $63.21 2008 $60.01 $63.21 2008 $59.01 $59.00 2008 $61.45 $65.09 2008 $59.49 $63.61 2008 $62.79 $67.75 2008 $64.40 $70.37 2008 $63.26 $69.33 2008

### $63.26 $69.33 2008

$59.10 $58.50 2008 $66.06 $67.17 2008 $64.42 $68.50 2008 $68.40 $72.33 2008 $68.00 $69.33 2008 $62.78 $63.17 2008 $62.78 $63.17 2008 $55.62 $53.50 2008 $63.39 $63.97 2008 $63.57 $64.89 2008 $62.67 $63.33 2008 $62.67 $63.33 2008 $60.51 $62.00 2008 $60.51 $62.00 2008 $54.72 $54.75 2008 $63.85 $64.25 2008 $63.52 $63.67 2008 $66.61 $67.00 2008 $66.67 $66.75 2008 $63.72 $64.00 2008 $63.72 $64.00 2008 $60.07 $59.75 2008 $66.96 $67.92 2008 $68.53 $70.00 2008 $68.43 $70.42 2008 $68.43 $70.42 2008 $67.33 $69.83 2008 $64.50 $66.42 2008 $61.24 $64.25 2008 $67.43 $70.75 2008 $67.30 $69.92 2008 $69.70 $74.29 2008 $70.78 $74.67 2008 $70.81 $73.08 2008 $70.81 $73.08 2008 $71.65 $71.50 2008 $77.34 $78.17 2008 $76.44 $79.17 2008 $77.42 $78.17 2008 $72.61 $73.50 2008 $67.91 $69.17 2008 $67.91 $69.17 2008 $66.18 $66.00 2008 $73.06 $74.17 2008 $71.70 $74.50 2008 $71.34 $73.33 2008 $71.34 $73.33 2008 $64.87 $64.50 2008 $64.87 $64.50 2008 $52.64 $54.25 2008

### $61.35 $62.42 2008

$65.09 $65.58 2008 $67.07 $68.17 2008 $70.42 $72.25 2008 $70.44 $73.50 2008 $70.44 $73.50 2008 $71.82 $71.50 2008 $79.05 $81.50 2008 $84.32 $86.75 2008 $79.94 $82.83 2008 $74.11 $77.83 2008 $77.61 $79.50 2008 $77.61 $79.50 2008 $79.76 $78.86 2008 $85.70 $86.62 2008 $83.39 $83.17 2008 $78.68 $78.50 2008 $74.51 $74.75 2008 $76.81 $78.67 2008 $76.81 $78.67 2008 $78.82 $78.75 2008 $91.60 $95.42 2008 $82.37 $83.92 2008 $77.75 $79.00 2008 $78.15 $79.50 2008 $79.88 $80.67 2008 $79.88 $80.67 2008 $71.29 $72.00 2008 $83.42 $83.17 2008 $87.22 $88.25 2008 $86.90 $87.50 2008 $80.27 $76.33 2008 $80.57 $77.17 2008 $80.57 $77.17 2008 $81.97 $77.00 2008 $93.94 $89.83 2008 $88.54 $85.67 2008 $82.14 $78.67 2008 $77.83 $76.08 2008 $76.45 $76.33 2008 $76.45 $76.33 2008 $68.34 $67.50 2008 $76.85 $76.67 2008 $77.38 $76.50 2008 $77.30 $76.50 2008 $73.30 $74.00 2008 $74.19 $75.50 2008 $74.19 $75.50 2008 $67.19 $69.00 2008 $78.93 $79.17 2008 $79.36 $75.33 2008

### $76.02 $76.03 2008

$79.71 $81.00 2008 $85.73 $85.50 2008 $85.73 $85.50 2008 $75.80 $69.00 2008 $89.12 $87.00 2008 $86.06 $85.49 2008 $75.22 $74.50 2008 $75.22 $74.50 2008 $65.50 $59.83 2008 $65.50 $59.83 2008 $42.00 $34.00 2008 $42.00 $34.00 2008 $61.70 $56.50 2008 $61.51 $54.67 2008 $61.18 $54.67 2008 $58.67 $56.33 2008 $58.67 $56.33 2008 $51.00 $41.00 2008 $70.07 $63.00 2008 $78.68 $72.00 2008 $77.59 $68.00 2008 $71.82 $61.08 2008 $68.41 $55.67 2008 $68.41 $55.67 2008 $62.00 $42.25 2008 $78.98 $66.42 2008 $83.55 $71.67 2008 $76.97 $70.25 2008 $77.33 $71.58 2008 $80.75 $72.17 2008 $80.75 $72.17 2008 $74.86 $60.00 2008 $92.36 $92.00 2008 $101.06 $103.42 2008 $114.88 $113.66 2008 $118.15 $118.33 2008 $115.26 $111.78 2008 $115.26 $111.78 2008 $90.36 $87.00 2008 $109.99 $110.50 2008 $101.24 $101.75 2008 $97.50 $94.67 2008 $89.00 $87.42 2008 $87.63 $86.83 2008 $87.63 $86.83 2008 $83.16 $76.25 2008 $106.09 $104.08 2008 $113.26 $109.48 2008 $116.00 $111.26 2008 $116.00 $111.26 2008

### $84.16 $76.92 2008

$99.38 $92.69 2008 $77.67 $66.00 2008 $118.43 $111.49 2008 $120.57 $110.55 2008 $107.42 $97.55 2008 $95.67 $92.56 2008 $79.06 $77.33 2008 $79.06 $77.33 2008 $78.25 $72.75 2008 $93.39 $91.08 2008 $91.47 $90.76 2008 $95.35 $93.63 2008 $89.98 $88.68 2008 $90.42 $88.50 2008 $90.42 $88.50 2008 $75.21 $76.50 2008 $88.66 $90.33 2008 $87.25 $89.33 2008 $86.71 $86.92 2008 $86.09 $87.00 2008 $82.35 $81.00 2008 $82.35 $81.00 2008 $64.93 $64.00 2008 $80.35 $82.33 2008 $76.62 $77.74 2008 $75.85 $77.11 2008 $72.86 $71.83 2008 $75.17 $74.71 2008 $75.17 $74.71 2008 $64.25 $63.00 2008 $79.31 $79.69 2008 $79.68 $80.92 2008 $71.60 $72.69 2008 $72.29 $72.47 2008 $69.30 $69.59 2008 $69.30 $69.59 2008 $59.07 $57.25 2008 $72.53 $71.16 2008 $73.01 $72.96 2008 $70.54 $68.66 2008 $70.55 $68.43 2008 $68.71 $67.92 2008 $68.71 $67.92 2008 $57.46 $55.00 2008 $70.01 $68.59 2008 $64.32 $63.61 2008 $61.90 $60.68 2008 $64.00 $62.28 2008 $62.66 $60.15 2008 $62.66 $60.15 2008

### $59.87 $58.50 2008

$71.62 $68.97 2008 $66.78 $65.69 2008 $70.16 $68.92 2008 $70.16 $68.92 2008 $67.93 $64.73 2008 $67.93 $64.73 2008 $57.50 $55.50 2008 $45.59 $44.00 2008 $60.59 $55.59 2008 $57.07 $53.00 2008 $57.61 $50.26 2008 $56.96 $53.25 2008 $56.96 $53.25 2008 $46.72 $45.00 2008 $57.94 $55.29 2008 $54.50 $53.17 2008 $50.15 $50.12 2008 $52.02 $52.48 2008 $49.67 $49.77 2008 $49.67 $49.77 2008 $44.03 $47.00 2008 $53.02 $54.17 2008 $49.15 $49.71 2008 $48.75 $48.55 2008 $48.85 $48.29 2008 $50.78 $47.98 2008 $50.78 $47.98 2008 $44.31 $40.25 2008 $50.91 $47.42 2008 $47.91 $45.89 2008 $47.66 $47.73 2008 $50.05 $48.24 2008 $48.25 $46.19 2008 $48.25 $46.19 2008 $44.42 $41.94 2008 $50.17 $48.41 2008 $51.97 $49.21 2008 $50.26 $47.92 2008 $50.27 $50.00 2008 $49.93 $48.69 2008 $49.93 $48.69 2008 $40.01 $37.75 2008 $49.17 $48.76 2008 $47.02 $45.93 2008 $46.21 $46.25 2008 $44.75 $44.35 2008 $40.52 $38.49 2008 $40.52 $38.49 2008 $26.11 $24.77 2008 $33.86 $31.59 2008

### $31.85 $30.83 2008

$28.36 $28.93 2008 $32.59 $32.96 2008 $38.20 $36.74 2008 $38.20 $36.74 2008 $34.79 $30.53 2008 $41.40 $37.72 2008 $43.94 $42.07 2008 $44.10 $43.58 2008 $46.05 $44.23 2008 $40.12 $38.49 2008 $40.12 $38.49 2008 $29.26 $26.14 2008 $36.19 $35.55 2008 $36.50 $35.25 2008 $38.34 $37.48 2008 $38.34 $37.48 2008 $38.68 $37.60 2008 $32.88 $31.31 2008 $28.93 $28.00 2008 $32.10 $33.46 2008 $26.64 $29.29 2008 $32.74 $34.29 2008 $39.26 $41.82 2008 $43.77 $43.46 2008 $43.77 $43.46 2008 $41.20 $42.25 2008 $42.73 $44.25 2008 $46.35 $43.17 2008 $46.35 $43.17 2008 $38.01 $34.76 2008 $35.03 $33.12 2008 $35.03 $33.12 2008 $30.58 $27.25 2008 $33.63 $31.92 2008 $37.49 $32.35 2008 $41.19 $32.45 2008 $43.50 $38.54 2008 $40.83 $36.61 2008 $40.83 $36.61 2008 $34.74 $31.00 2008 $40.45 $37.57 2008 $44.37 $40.70 2008 $44.37 $40.70 2008 $38.12 $33.61 2008 $38.33 $35.30 2008 $38.33 $35.30 2008 $36.24 $32.75 2008 $42.00 $39.33 2008 $42.44 $37.83 2008 $43.00 $37.93 2008

### $42.51 $36.83 2008

$42.06 $35.91 2008 $42.06 $35.91 2008 $33.91 $30.50 2008 $39.69 $37.00 2008 $37.97 $35.17 2008 $39.38 $37.00 2008 $44.17 $41.33 2008 $44.43 $41.50 2008 $44.43 $41.50 2008 $38.11 $32.25 2008 $46.56 $43.90 2008 $50.45 $51.65 2008 $50.53 $51.24 2008 $47.36 $48.16 2008 $42.03 $42.66 2008 $42.03 $42.66 2008 $39.50 $38.75 2008 $45.33 $46.22 2008 $41.14 $40.67 2008 $41.14 $40.67 2008 $34.76 $33.50 2008 $38.31 $38.21 2008 $38.31 $38.21 2008 $30.49 $30.25 2008 $39.54 $39.42 2008 $46.05 $45.69 2008 $46.05 $45.69 2008 $39.57 $36.98 2009 $37.24 $37.41 2009 $37.24 $37.41 2009 $31.70 $30.82 2009 $39.09 $39.57 2009 $37.12 $39.80 2009 $40.65 $42.02 2009 $40.26 $39.74 2009 $38.05 $38.09 2009 $38.05 $38.09 2009 $31.98 $31.82 2009 $38.26 $39.97 2009 $37.46 $38.00 2009 $37.53 $37.54 2009 $37.53 $37.54 2009 $34.56 $33.57 2009 $34.56 $33.57 2009 $32.41 $30.83 2009 $36.87 $36.39 2009 $34.38 $34.25 2009 $30.89 $31.36 2009 $32.01 $31.61 2009 $27.88 $27.94 2009

### $27.88 $27.94 2009

$26.92 $25.80 2009 $31.10 $31.08 2009 $30.75 $31.29 2009 $33.47 $34.15 2009 $34.65 $35.87 2009 $32.39 $33.35 2009 $32.39 $33.35 2009 $29.95 $31.00 2009 $35.53 $36.39 2009 $33.32 $33.73 2009 $33.81 $34.15 2009 $32.75 $33.25 2009 $31.13 $31.51 2009 $31.13 $31.51 2009 $26.60 $28.00 2009 $32.70 $32.80 2009 $33.23 $36.63 2009 $36.60 $39.08 2009 $36.60 $39.08 2009 $33.13 $33.69 2009 $33.13 $33.69 2009 $28.74 $30.75 2009 $32.41 $33.64 2009 $31.65 $33.17 2009 $31.09 $31.19 2009 $30.64 $31.26 2009 $29.04 $29.86 2009 $29.04 $29.86 2009 $24.18 $25.50 2009 $28.19 $28.99 2009 $27.49 $28.26 2009 $27.22 $28.03 2009 $26.19 $27.30 2009 $25.18 $25.71 2009 $25.18 $25.71 2009 $20.22 $20.25 2009 $25.10 $25.49 2009 $25.00 $24.10 2009 $24.86 $24.28 2009 $24.87 $24.39 2009 $25.30 $24.73 2009 $25.30 $24.73 2009 $22.82 $23.50 2009 $27.65 $29.04 2009 $29.23 $30.82 2009 $29.24 $31.00 2009 $28.88 $30.13 2009 $25.96 $26.58 2009 $25.96 $26.58 2009 $21.78 $22.00 2009

### $26.39 $25.81 2009

$25.80 $25.50 2009 $25.85 $25.90 2009 $25.69 $25.61 2009 $23.94 $24.52 2009 $23.94 $24.52 2009 $22.48 $21.25 2009 $28.09 $27.08 2009 $27.22 $27.03 2009 $26.93 $26.70 2009 $27.60 $27.67 2009 $27.80 $27.34 2009 $27.80 $27.34 2009 $25.41 $26.00 2009 $29.20 $29.04 2009 $25.06 $25.09 2009 $26.59 $27.20 2009 $24.46 $23.92 2009 $24.04 $23.32 2009 $24.04 $23.32 2009 $26.06 $26.25 2009 $28.71 $28.75 2009 $27.36 $27.53 2009 $25.02 $25.74 2009 $25.02 $25.74 2009 $23.99 $24.17 2009 $23.99 $24.17 2009 $18.73 $18.00 2009 $24.08 $23.33 2009 $24.05 $22.16 2009 $23.71 $23.59 2009 $25.90 $24.60 2009 $23.11 $22.57 2009 $23.11 $22.57 2009 $22.00 $20.75 2009 $29.24 $28.95 2009 $25.50 $26.75 2009 $24.45 $23.70 2009 $23.12 $21.42 2009 $22.07 $19.77 2009 $22.07 $19.77 2009 $17.04 $16.50 2009 $23.57 $22.33 2009 $21.60 $20.83 2009 $22.69 $22.33 2009 $25.44 $25.00 2009 $25.45 $24.10 2009 $25.45 $24.10 2009 $21.45 $18.57 2009 $24.75 $23.54 2009 $24.91 $23.72 2009

### $26.02 $29.24 2009

$28.28 $28.92 2009 $29.95 $28.47 2009 $29.95 $28.47 2009 $28.75 $28.00 2009 $37.04 $37.33 2009 $36.91 $36.02 2009 $39.25 $38.67 2009 $38.83 $36.42 2009 $33.69 $32.20 2009 $33.69 $32.20 2009 $32.20 $32.75 2009 $41.21 $41.58 2009 $32.43 $31.90 2009 $30.69 $29.06 2009 $30.69 $29.06 2009 $27.78 $26.37 2009 $27.78 $26.37 2009 $22.89 $21.50 2009 $22.89 $21.50 2009 $24.17 $23.41 2009 $25.65 $23.47 2009 $25.65 $23.47 2009 $24.32 $23.38 2009 $24.32 $23.38 2009 $20.50 $20.50 2009 $27.14 $26.33 2009 $23.29 $23.07 2009 $23.24 $22.90 2009 $22.32 $21.08 2009 $21.59 $20.53 2009 $21.59 $20.53 2009 $14.05 $10.98 2009 $23.12 $21.16 2009 $20.92 $19.58 2009 $19.98 $19.23 2009 $20.06 $19.92 2009 $20.07 $19.45 2009 $20.07 $19.45 2009 $18.09 $17.75 2009 $22.84 $22.58 2009 $24.34 $24.15 2009 $26.52 $25.17 2009 $27.72 $26.75 2009 $25.87 $23.90 2009 $25.87 $23.90 2009 $22.17 $21.50 2009 $28.40 $27.17 2009 $26.09 $24.83 2009 $28.21 $26.33 2009 $26.86 $27.25 2009

### $26.96 $26.08 2009

$26.96 $26.08 2009 $24.00 $22.00 2009 $30.58 $30.00 2009 $32.36 $32.92 2009 $31.86 $32.75 2009 $31.86 $32.75 2009 $29.93 $31.09 2009 $22.45 $23.50 2009 $22.59 $24.75 2009 $28.38 $30.34 2009 $27.27 $28.71 2009 $28.14 $28.46 2009 $26.86 $26.92 2009 $27.59 $28.17 2009 $27.59 $28.17 2009 $23.65 $22.25 2009 $32.26 $33.01 2009 $34.48 $37.03 2009 $36.61 $38.54 2009 $37.31 $38.96 2009 $34.57 $36.17 2009 $34.57 $36.17 2009 $28.15 $32.00 2009 $38.42 $41.09 2009 $39.97 $43.23 2009 $39.85 $40.70 2009 $37.53 $39.33 2009 $37.08 $38.50 2009 $37.08 $38.50 2009 $31.18 $38.50 2009 $40.16 $43.33 2009 $38.89 $40.48 2009 $35.72 $37.26 2009 $35.72 $37.26 2009 $32.89 $33.36 2009 $30.91 $32.88 2009 $30.46 $29.75 2009 $35.35 $35.92 2009 $33.44 $35.00 2009 $33.10 $34.56 2009 $32.48 $35.67 2009 $32.32 $34.98 2009 $32.32 $34.98 2009 $28.70 $28.38 2009 $35.11 $35.93 2009 $35.31 $36.27 2009 $33.53 $34.33 2009 $30.73 $34.72 2009 $28.79 $32.13 2009 $28.79 $32.13 2009

### $25.46 $26.00 2009

$31.01 $33.71 2009 $27.68 $29.74 2009 $27.66 $29.37 2009 $27.57 $29.30 2009 $25.97 $27.83 2009 $25.97 $27.83 2009 $21.58 $24.00 2009 $26.05 $30.17 2009 $23.73 $25.86 2009 $26.61 $28.36 2009 $29.25 $29.13 2009 $28.28 $28.79 2009 $28.28 $28.79 2009 $22.68 $24.25 2009 $29.42 $30.92 2009 $27.05 $29.05 2009 $26.13 $28.67 2009 $26.13 $28.67 2009 $22.99 $24.62 2009 $22.99 $24.62 2009 $17.23 $19.00 2009 $17.23 $19.00 2009 $21.23 $22.58 2009 $22.26 $24.00 2009 $24.65 $25.97 2009 $24.09 $26.71 2009 $24.09 $26.71 2009 $24.27 $26.00 2009 $28.58 $31.06 2009 $24.46 $25.20 2009 $29.28 $32.00 2009 $30.45 $32.39 2009 $31.43 $32.42 2009 $31.43 $32.42 2009 $26.45 $27.50 2009 $33.08 $35.07 2009 $28.64 $32.16 2009 $29.42 $32.96 2009 $26.77 $29.25 2009 $28.54 $28.99 2009 $28.54 $28.99 2009 $28.21 $27.29 2009 $32.82 $32.12 2009 $29.42 $29.50 2009 $28.65 $28.52 2009 $27.46 $29.58 2009 $27.24 $27.61 2009 $27.24 $27.61 2009 $19.61 $18.50 2009 $23.96 $23.93 2009

### $24.70 $24.29 2009

$27.49 $27.34 2009 $31.92 $33.42 2009 $38.05 $37.58 2009 $38.05 $37.58 2009 $30.94 $28.00 2009 $35.55 $35.33 2009 $34.61 $34.40 2009 $34.18 $32.95 2009 $33.61 $32.47 2009 $34.74 $33.02 2009 $34.74 $33.02 2009 $32.08 $26.07 2009 $36.90 $34.69 2009 $37.43 $35.31 2009 $39.76 $35.24 2009 $41.19 $37.21 2009 $41.86 $38.66 2009 $41.86 $38.66 2009 $38.74 $33.24 2009 $44.41 $40.90 2009 $39.47 $36.74 2009 $37.68 $34.56 2009 $39.36 $35.80 2009 $35.63 $34.40 2009 $35.63 $34.40 2009 $32.40 $31.75 2009 $36.61 $36.96 2009 $37.81 $32.14 2009 $37.65 $33.00 2009 $37.82 $32.50 2009 $32.33 $26.20 2009 $32.33 $26.20 2009 $28.53 $26.08 2009 $32.86 $31.89 2009 $33.82 $33.96 2009 $31.10 $31.14 2009 $31.10 $31.14 2009 $26.19 $26.42 2009 $26.19 $26.42 2009 $22.10 $22.27 2009 $24.59 $26.69 2009 $24.35 $23.92 2009 $30.72 $29.94 2009 $32.12 $32.15 2009 $31.09 $31.69 2009 $31.09 $31.69 2009 $29.77 $27.00 2009 $30.94 $30.96 2009 $31.44 $29.45 2009 $31.44 $29.45 2009

### $24.92 $21.50 2009

$27.64 $25.07 2009 $27.64 $25.07 2009 $25.87 $21.75 2009 $28.60 $25.82 2009 $38.91 $39.58 2009 $38.88 $40.08 2009 $40.14 $41.33 2009 $39.50 $43.00 2009 $39.50 $43.00 2009 $36.48 $37.63 2009 $40.61 $44.54 2009 $43.52 $47.58 2009 $54.81 $60.45 2009 $50.05 $52.64 2009 $45.66 $49.35 2009 $45.66 $49.35 2009 $38.23 $38.78 2009 $44.42 $46.93 2009 $43.92 $44.92 2009 $43.03 $43.08 2009 $42.13 $42.67 2009 $42.00 $43.17 2009 $42.00 $43.17 2009 $38.71 $41.75 2009 $45.59 $48.08 2009 $43.07 $45.67 2009 $43.07 $45.67 2009 $43.89 $42.17 2009 $40.33 $38.50 2009 $43.89 $42.17 2009 $39.11 $39.75 2009 $45.06 $45.42 2009 $46.66 $46.50 2009 $46.95 $46.50 2009 $46.95 $46.50 2009 $35.37 $34.25 2010 $41.14 $39.58 2010 $33.60 $34.75 2010 $42.67 $42.75 2010 $45.36 $46.17 2010 $44.51 $45.75 2010 $43.42 $43.75 2010 $48.47 $51.42 2010 $48.47 $51.42 2010 $38.05 $38.25 2010 $44.13 $44.08 2010 $42.44 $42.25 2010 $44.61 $43.97 2010 $44.61 $43.97 2010 $42.83 $40.81 2010

### $42.83 $40.81 2010

$39.83 $38.25 2010 $44.94 $43.42 2010 $44.78 $43.50 2010 $44.67 $43.58 2010 $44.54 $46.00 2010 $42.67 $42.67 2010 $42.67 $42.67 2010 $39.17 $37.50 2010 $45.24 $44.67 2010 $44.34 $43.33 2010 $41.89 $43.08 2010 $41.89 $43.08 2010 $39.55 $39.42 2010 $39.55 $39.42 2010 $37.22 $36.25 2010 $39.60 $39.67 2010 $41.30 $42.17 2010 $43.39 $46.17 2010 $44.59 $46.67 2010 $44.61 $43.67 2010 $44.61 $43.67 2010 $40.11 $38.25 2010 $48.02 $47.08 2010 $46.21 $46.92 2010 $46.05 $46.83 2010 $46.05 $46.83 2010 $46.52 $45.83 2010 $46.52 $45.83 2010 $42.75 $41.75 2010 $46.80 $45.58 2010 $42.73 $43.00 2010 $42.76 $42.50 2010 $41.67 $42.08 2010 $39.12 $38.50 2010 $39.12 $38.50 2010 $35.64 $35.00 2010 $39.75 $39.67 2010 $38.76 $39.67 2010 $39.38 $40.42 2010 $39.38 $40.42 2010 $39.71 $39.83 2010 $39.71 $39.83 2010 $37.50 $38.00 2010 $39.12 $41.83 2010 $39.32 $42.50 2010 $39.88 $42.25 2010 $40.05 $42.00 2010 $38.92 $40.58 2010 $38.92 $40.58 2010 $34.99 $34.75 2010

### $39.24 $40.25 2010

$40.64 $43.92 2010 $39.97 $43.17 2010 $39.57 $42.67 2010 $39.71 $40.42 2010 $39.71 $40.42 2010 $38.00 $38.50 2010 $42.07 $42.83 2010 $38.39 $40.75 2010 $41.23 $41.08 2010 $40.28 $39.83 2010 $35.11 $36.08 2010 $35.11 $36.08 2010 $30.21 $30.75 2010 $35.61 $36.58 2010 $34.73 $35.75 2010 $35.64 $37.42 2010 $33.84 $35.17 2010 $33.61 $33.75 2010 $33.61 $33.75 2010 $30.59 $32.50 2010 $35.98 $37.17 2010 $34.26 $35.17 2010 $33.98 $35.58 2010 $31.98 $27.60 2010 $31.98 $27.60 2010 $31.98 $27.60 2010 $27.23 $27.00 2010 $32.66 $32.83 2010 $31.43 $30.72 2010 $33.78 $35.08 2010 $35.32 $35.67 2010 $34.84 $36.50 2010 $34.84 $36.50 2010 $30.80 $32.00 2010 $35.37 $37.00 2010 $33.68 $34.00 2010 $33.65 $35.08 2010 $35.83 $37.33 2010 $33.07 $33.42 2010 $33.07 $33.42 2010 $27.76 $28.50 2010 $32.96 $34.50 2010 $31.81 $34.83 2010 $31.53 $34.00 2010 $30.84 $33.00 2010 $30.64 $31.75 2010 $30.64 $31.75 2010 $29.00 $29.00 2010 $32.92 $33.67 2010 $33.20 $34.58 2010

### $32.34 $34.50 2010

$32.34 $34.50 2010 $30.45 $30.08 2010 $29.19 $28.92 2010 $26.42 $26.40 2010 $32.14 $30.63 2010 $30.64 $28.75 2010 $32.26 $32.50 2010 $31.65 $30.08 2010 $30.76 $29.25 2010 $30.76 $29.25 2010 $27.65 $27.00 2010 $32.09 $29.33 2010 $31.25 $30.75 2010 $31.19 $30.83 2010 $30.99 $29.75 2010 $31.44 $31.08 2010 $31.44 $31.08 2010 $29.11 $29.50 2010 $34.72 $34.83 2010 $32.77 $32.25 2010 $33.54 $30.42 2010 $31.57 $29.17 2010 $29.74 $26.75 2010 $29.74 $26.75 2010 $24.19 $20.50 2010 $30.72 $28.00 2010 $29.41 $26.42 2010 $30.79 $26.00 2010 $30.79 $26.00 2010 $28.88 $25.42 2010 $28.88 $25.42 2010 $29.95 $27.50 2010 $29.95 $27.50 2010 $31.62 $31.18 2010 $29.19 $26.25 2010 $28.19 $26.71 2010 $27.76 $26.25 2010 $27.76 $26.25 2010 $29.72 $26.00 2010 $39.21 $37.17 2010 $31.03 $30.83 2010 $29.68 $30.00 2010 $27.77 $26.83 2010 $23.85 $23.83 2010 $23.85 $23.83 2010 $18.86 $18.25 2010 $30.07 $29.92 2010 $30.11 $30.25 2010 $29.73 $28.08 2010 $29.27 $28.50 2010

### $27.31 $26.42 2010

$27.31 $26.42 2010 $21.04 $17.00 2010 $31.67 $30.67 2010 $30.43 $32.25 2010 $31.91 $35.67 2010 $32.72 $34.00 2010 $31.11 $30.50 2010 $31.11 $30.50 2010 $32.52 $29.50 2010 $39.47 $42.50 2010 $35.89 $38.08 2010 $34.06 $36.00 2010 $34.12 $37.42 2010 $33.86 $34.04 2010 $33.86 $34.04 2010 $32.25 $20.75 2010 $32.25 $20.75 2010 $38.52 $36.92 2010 $33.30 $33.83 2010 $35.95 $36.06 2010E C/R Energy Strategies E.N. 1109 **FCPP - SCR Cost Assessment Model**

**IOU Share Only Navajo Generating Station (NGS) Economic Assessment Model** 
**Case Names Description** 

Year **2005 2006**  **2007 2008**  **2009 2010**  **2011 2012**  **2013 2014**  **2015 2016**  **2017 2018**  **2019 2020**  **2021 2022**  **2023 2024**  Year No. Starting 2012 NA NA NA NA NA NA 0 1 2 3 4 5 6 7 8 9 10 11 12 13 Year No. Starting 2017 NA NA NA NA 1 2 3 4 5 6 7 8 Year No. Starting 2023 1 2 1/1/2005 1/1/2006 1/1/2007 1/1/2008 1/1/2009 1/1/2010 1/1/2011 1/1/2012 1/1/2013 1/1/2014 1/1/2015 1/1/2016 1/1/2017 1/1/2018 1/1/2019 1/1/2020 1/1/2021 1/1/2022 1/1/2023 1/1/2024

**Units NPV** 

**From 2012**

a **Generation Statistics** b Gross Capacity MW 790 790 790 790 790 790 790 790 790 790 790 790 790 790 790 790 790 790 790 790

c Operating Capacity MW 738 738 738 738 738 738 738 738 738 738 738 738 738 738 738 738 738 738 738 738 d Efficiency Vs. Base Case Efficiency % 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100%

e Net Generation MWh 139,004,555 5,586,061 5,752,737 5,778,159 5,747,537 5,294,144 5,388,907 5,560,182 5,560,182 5,560,182 5,560,182 5,560,182 5,560,182 5,560,182 5,560,182 5,560,182 5,560,182 5,560,182 5,560,182 5,560,182 5,560,182 f Capacity Factor % 86% 89% 89% 89% 82% 83% 86% 86% 86% 86% 86% 86% 86% 86% 86% 86% 86% 86% 86% 86% **Base Case**

1 **Capital Expense (CAPEX)**

2 **Depreciation Expense** 3 Net Plant in Service $000 378,157 370,095 355,860 $ 341,626

$ 327,391

$ 313,157

$ 298,923

$ 284,688

$ 270,454

$ 256,219

$ 241,985

$ 227,751

$ 213,516

$ 199,282

$ 185,047

$
4 Annual Depreciation Expense $000 14,234 14,234 14,234 $ 14,234

$ 14,234

$ 14,234

$ 14,234

$ 14,234

$ 14,234

$ 14,234

$ 14,234

$ 14,234

$ 14,234

$ 14,234

$ 14,234

$ 5 Accumulated Depreciation $000 204,639 218,873 233,108 247,342 261,576 275,811 290,045 304,280 318,514 332,748 346,983 361,217 375,452 389,686 403,920 6 7 **Return on Capital** 8 Capital Recovery $000 56,521 55,316 53,188 51,061 48,933 46,806 44,678 42,551 40,423 38,296 36,168 34,041 31,913 29,786 27,658 9 $ per MWh 9.95 9.57 9.18 8.80 8.42 8.04 7.65 7.27 6.89 6.50 6.12 5.74 5.36 4.97 10 11 **Total CAPEX** (Depreciation + Return on Capital) $000 70,755 69,550 67,423 65,295 63,168 61,040 58,913 56,785 54,658 52,530 50,403 48,275 46,147 44,020 41,892 12 $ per MWh 13.13 12.51 12.13 11.74 11.36 10.98 10.60 10.21 9.83 9.45 9.06 8.68 8.30 7.92 7.53 13 **Operating Expense (OPEX)**
14 **Fuel Expenses** 15 Cost Price Change (Year over Year) % 0.02 (0.03) -2.1% 0.0% 0.0% 1.1% 1.0% 1.0% 0.0% -0.5% 1.0% 1.0% 1.5% 0.5% 0.5% 16 Fuel Expense $000 71,286 82,486 95,381 100,252 87,404 95,910 108,525 106,276 106,276 106,276 107,400 108,525 109,650 109,650 109,087 110,212 111,337 113,023 113,586 114,148 17 $ per MWh 12.76 14.34 16.51 17.44 16.51 17.80 19.52 19.11 19.11 19.11 19.32 19.52 19.72 19.72 19.62 19.82 20.02 20.33 20.43 20.53 18 1,125 110,212 19 **Non-Fuel Operating & Maintenance Expenses** 6,579 115,666 20 Operating Expenses 21 Op. Supervision & Engineering $000 3,288 3,811 3,115 3,519 2,835 3,560 3,569 3,676 3,786 3,900 4,017 4,137 4,261 4,389 4,521 4,656 4,796 4,940 5,088 5,241 22 Total Steam/Hydraulic Expense $000 2,646 3,030 3,752 4,115 4,244 4,167 4,801 4,945 5,094 5,246 5,404 5,566 5,733 5,905 6,082 6,264 6,452 6,646 6,845 7,051 23 Electric Expenses $000 295 542 874 1,026 1,227 1,203 1,235 1,272 1,310 1,349 1,390 1,431 1,474 1,519 1,564 1,611 1,659 1,709 1,760 1,813 24 Misc. Power Expenses $000 4,494 4,856 7,280 5,526 5,551 4,828 5,119 5,272 5,430 5,593 5,761 5,934 6,112 6,295 6,484 6,679 6,879 7,085 7,298 7,517 25 Rents $000 156 157 149 154 150 150 150 155 159 164 169 174 179 185 190 196 202 208 214 221 26 Allowances $000

- - - - - - - - - - - - - - - - - - - - 27 Total Non-Fuel Operating Expenses $000 10,879 12,396 15,170 14,340 14,008 13,908 14,874 15,320 15,779 16,253 16,740 17,243 17,760 18,293 18,841 19,407 19,989 20,588 21,206 21,842 28 1.95 2.15 2.63 2.49 2.65 2.58 2.68 2.76 2.84 2.92 3.01 3.10 3.19 3.29 3.39 3.49 3.59 3.70 3.81 3.93 29 Maintenance Expenses
30 Supervision & Engineering $000 1,271 1,317 1,390 1,753 2,380 2,619 2,429 2,502 2,577 2,654 2,734 2,816 2,900 2,987 3,077 3,169 3,264 3,362 3,463 3,567 31 Structures $000 523 689 546 712 1,028 997 779 803 827 852 877 903 931 958 987 1,017 1,047 1,079 1,111 1,144
32 Boiler/Reactor/Reservoirs & Dams $000 10,083 8,437 8,180 9,094 13,713 11,850 15,391 15,853 16,329 16,818 17,323 17,843 18,378 18,929 19,497 20,082 20,685 21,305 21,944 22,603 33 Electric Plant $000 4,140 2,373 1,430 2,949 6,766 5,402 6,246 6,434 6,627 6,826 7,030 7,241 7,458 7,682 7,913 8,150 8,395 8,646 8,906 9,173 34 Misc. Plant $000 1,448 1,564 1,210 1,155 1,240 1,091 1,995 2,055 2,116 2,180 2,245 2,313 2,382 2,454 2,527 2,603 2,681 2,762 2,844 2,930
35 Total Maintenance Expenses $000 17,466 14,380 12,756 15,663 25,128 25,882 26,841 27,646 28,475 29,330 30,209 31,116 32,049 33,011 34,001 35,021 36,072 37,154 38,268 39,416 36 $ per MWh 3.13 2.50 2.21 2.73 4.75 4.80 4.83 4.97 5.12 5.27 5.43 5.60 5.76 5.94 6.12 6.30 6.49 6.68 6.88 7.09 37 **Production Costs** 38 CO2 cost If Included

- $ 99,631 109,263 123,306 130,255 126,540 135,700 150,239 149,241 150,530 151,858 154,350 156,883 159,459 160,953 161,930 164,640 167,397 170,766 173,060 175,407 39 Total Production $ per MWh 17.84 18.99 21.34 22.66 23.90 25.18 27.02 26.84 27.07 27.31 27.76 28.22 28.68 28.95 29.12 29.61 30.11 30.71 31.12 31.55 40 **Base Case Total Cost of Electricity**  Cost of Electricity $000 206455.7064 219789.6295 216,664 215,826 215,026 215,390 215,796 216,244 215,611 214,460 230,042 230,672 231,913 232,080 232,299 Cost of Electricity $ per MWh 17.84 18.99 21.34 22.66 23.90 38.31 39.53 38.97 38.82 38.67 38.74 38.81 38.89 38.78 38.57 41.37 41.49 41.71 41.74 41.78 BASE SNCR Hybrid
SCR Baghouse Plant As Operated Through 2011

Base Case + Incremental SNCR Base Case + SNCR on #2, SCR on #1 & #3 Base Case + Incremental SCR Baghouse as Incremental to Base Case

**$Million**

09000064811c2027 IOU Share OnlyE C/R Energy Strategies E.N. 1109 **FCPP - SCR Cost Assessment Model**

**IOU Share Only Navajo Generating Station (NGS) Economic Assessment Model** 
**Case Names Description** 

a **Generation Statistics** b Gross Capacity

c Operating Capacity d Efficiency Vs. Base Case Efficiency

e Net Generation f Capacity Factor **Base Case**

1 **Capital Expense (CAPEX)**

2 **Depreciation Expense** 3 Net Plant in Service 4 Annual Depreciation Expense 5 Accumulated Depreciation 6 7 **Return on Capital** 8 Capital Recovery 9 10 11 **Total CAPEX** (Depreciation + Return on Capital) 12 13 **Operating Expense (OPEX)**
14 **Fuel Expenses** 15 Cost Price Change (Year over Year) 16 Fuel Expense 17 18 19 **Non-Fuel Operating & Maintenance Expenses** 20 Operating Expenses 21 Op. Supervision & Engineering 22 Total Steam/Hydraulic Expense 23 Electric Expenses 24 Misc. Power Expenses 25 Rents 26 Allowances
27 Total Non-Fuel Operating Expenses 28 29 Maintenance Expenses
30 Supervision & Engineering
31 Structures
32 Boiler/Reactor/Reservoirs & Dams
33 Electric Plant 34 Misc. Plant
35 Total Maintenance Expenses 36 37 **Production Costs** 38 CO2 cost If Included 39 Total Production 40 **Base Case Total Cost of Electricity**  Cost of Electricity Cost of Electricity BASE SNCR Hybrid
SCR Baghouse Plant As Operated Through 2011

Base Case + Incremental SNCR Base Case + SNCR on #2, SCR on #1 & #3 Base Case + Incremental SCR Baghouse as Incremental to Base Case **2025 2026**  **2027 2028**  **2029 2030**  **2031 2032**  **2033 2034**  **2035**
14 15 16 17 18 19 20 21 22 23 24 9 10 11 12 13 14 15 16 17 18 19 3 4 5 6 7 8 9 10 11 12 13 1/1/2025 1/1/2026 1/1/2027 1/1/2028 1/1/2029 1/1/2030 1/1/2031 1/1/2032 1/1/2033 1/1/2034 1/1/2035

790 790 790 790 790 790 790 790 790 790 790 738 738 738 738 738 738 738 738 738 738 738 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 5,560,182 5,560,182 5,560,182 5,560,182 5,560,182 5,560,182 5,560,182 5,560,182 5,560,182 5,560,182 5,560,182 86% 86% 86% 86% 86% 86% 86% 86% 86% 86% 86%

170,813 $ 156,578

$ 142,345

$ 128,110

$ 113,875

$ 99,641

$ 85,406

$ 71,172

$ 56,938

$ 42,703

$ 28,469

$ 14,234 $ 14,234

$ 14,234

$ 14,235

$ 14,234

$ 14,234

$ 14,234

$ 14,234

$ 14,234

$ 14,234

$ 14,234

$ 418,155 432,389 446,623 460,858 475,092 489,327 503,561 517,796 532,030 546,265 560,499

25,530 23,403 21,275 19,148 17,020 14,893 12,765 10,638 8,510 6,383 4,255 4.59 4.21 3.83 3.44 3.06 2.68 2.30 1.91 1.53 1.15 0.77

39,765 37,637 35,509 33,383 31,255 29,127 27,000 24,872 22,745 20,617 18,489 7.15 6.77 6.39 6.00 5.62 5.24 4.86 4.47 4.09 3.71 3.33

0.0% 0.0% 0.5% 1.5% 1.4% 0.5% 0.5% 0.0% 0.0% 0.0% 0.5% 114,148 114,148 114,710 116,397 118,084 118,647 119,209 119,209 119,209 119,209 119,771 20.53 20.53 20.63 20.93 21.24 21.34 21.44 21.44 21.44 21.44 21.54

5,398 5,560 5,727 5,899 6,076 6,258 6,446 6,639 6,838 7,043 7,255 7,262 7,480 7,704 7,936 8,174 8,419 8,671 8,932 9,199 9,475 9,760 1,868 1,924 1,981 2,041 2,102 2,165 2,230 2,297 2,366 2,437 2,510 7,742 7,975 8,214 8,460 8,714 8,976 9,245 9,522 9,808 10,102 10,405 227 234 241 248 256 263 271 280 288 297 305

- - - - - - - - - - - 22,498 23,173 23,868 24,584 25,321 26,081 26,863 27,669 28,499 29,354 30,235 4.05 4.17 4.29 4.42 4.55 4.69 4.83 4.98 5.13 5.28 5.44

3,674 3,784 3,898 4,014 4,135 4,259 4,387 4,518 4,654 4,793 4,937 1,179 1,214 1,251 1,288 1,327 1,367 1,408 1,450 1,493 1,538 1,584 23,281 23,979 24,699 25,439 26,203 26,989 27,798 28,632 29,491 30,376 31,287 9,448 9,732 10,023 10,324 10,634 10,953 11,282 11,620 11,969 12,328 12,697 3,018 3,108 3,201 3,297 3,396 3,498 3,603 3,711 3,823 3,937 4,055 40,599 41,817 43,071 44,364 45,695 47,065 48,477 49,932 51,430 52,972 54,562 7.30 7.52 7.75 7.98 8.22 8.46 8.72 8.98 9.25 9.53 9.81

177,245 179,138 181,650 185,345 189,100 191,793 194,549 196,810 199,138 201,536 204,568 31.88 32.22 32.67 33.33 34.01 34.49 34.99 35.40 35.81 36.25 36.79

232,009 231,775 232,159 233,727 235,355 235,920 236,549 236,682 236,882 237,153 238,057 41.73 41.68 41.75 42.04 42.33 42.43 42.54 42.57 42.60 42.65 42.81

09000064811c2027 IOU Share OnlyMWh	per Full	Plant 3,678,535 Per	Plant	Unit 1,226,178

**CAPEX	Unit	Cost	($/MWh)	Worksheets**

**Intall	Years Unit	No.**  **2012 2013**  **2014 2015**  **2016 2017**  **2018 2019**  **2020 2021**  **2022 2023**  **2024 2025**  **2026 2027**  **2028 2029**  **2030 2031**  **2032 2033**  **2034 2035**  **2036**
1 1.13 $ 1.10

$ 1.06

$ 1.03

$ 1.00

$ 0.96

$ 0.93

$ 0.90

$ 0.87

$ 0.83

$ 0.80

$ 0.77

$ 0.73

$ 0.70

$ 0.67

$ 0.63

$ 0.60

$ 0.57

$ 0.54

$ 0.50

$
2 1.50 $ 1.46

$ 1.41

$ 1.37

$ 1.33

$ 1.28

$ 1.24

$ 1.20

$ 1.15

$ 1.11

$ 1.06

$ 1.02

$ 0.98

$ 0.93

$ 0.89

$ 0.85

$ 0.80

$ 0.76

$ 0.71

$ 0.67

$ 0.63

$ 3 1.44 $ 1.40

$ 1.36

$ 1.31

$ 1.27

$ 1.23

$ 1.19

$ 1.15

$ 1.10

$ 1.06

$ 1.02

$ 0.98

$ 0.94

$ 0.89

$ 0.85

$ 0.81

$ 0.77

$ 0.73

$ 0.68

$
1 0.11 $ 0.10

$ 0.10

$ 0.10

$ 0.09

$ 0.09

$ 0.09

$ 0.09

$ 0.08

$ 0.08

$ 0.08

$ 0.07

$ 0.07

$ 0.07

$ 0.06

$ 0.06

$ 0.06

$ 0.05

$ 0.05

$ 0.05

$
2 0.10 $ 0.10

$ 0.10

$ 0.09

$ 0.09

$ 0.09

$ 0.09

$ 0.08

$ 0.08

$ 0.08

$ 0.07

$ 0.07

$ 0.07

$ 0.06

$ 0.06

$ 0.06

$ 0.06

$ 0.05

$ 0.05

$ 0.05

$ 0.04

$ 3 0.11 $ 0.11

$ 0.10

$ 0.10

$ 0.10

$ 0.09

$ 0.09

$ 0.09

$ 0.08

$ 0.08

$ 0.08

$ 0.08

$ 0.07

$ 0.07

$ 0.07

$ 0.06

$ 0.06

$ 0.06

$ 0.05

$

Per	Unit	OPEX

-

$

-

$

-

$ 4,460

$ 4,579

$ 4,699

$ 4,818

$ 4,938

$ 5,057

$ 5,177

$ 5,296

$ 5,416

$ 5,535

$ 5,654

$ 5,774

$ 5,893

$ 6,013

$ 6,132

$ 6,252

$ 6,371

$ 6,491

$ 6,610

$ 6,730

$ 6,849

$ 6,969

$ Per	MWh/Unit	OPEX

-

$

-

$

-

$ 0.26

$ 0.27

$ 0.28

$ 0.28

$ 0.29

$ 0.30

$ 0.31

$ 0.31

$ 0.32

$ 0.33

$ 0.33

$ 0.34

$ 0.35

$ 0.35

$ 0.36

$ 0.37

$ 0.38

$ 0.38

$ 0.39

$ 0.40

$ 0.40

$ 0.41

$
Per	Unit	OPEX

-

$

-

$

-

$ 7,093

$ 7,283

$ 7,473

$ 7,663

$ 7,853

$ 8,043

$ 8,233

$ 8,423

$ 8,613

$ 8,803

$ 8,993

$ 9,183

$ 9,373

$ 9,563

$ 9,753

$ 9,943

$ 10,133

$ 10,323

$ 10,513

$ 10,703

$ 10,893

$ 11,083

$ Per	MWh/Unit	OPEX

-

$

-

$

-

$ 0.42

$ 0.43

$ 0.44

$ 0.45

$ 0.46

$ 0.47

$ 0.49

$ 0.50

$ 0.51

$ 0.52

$ 0.53

$ 0.54

$ 0.55

$ 0.56

$ 0.58

$ 0.59

$ 0.60

$ 0.61

$ 0.62

$ 0.63

$ 0.64

$ 0.65

$

SCR Per	MWH

- $

-

$

-

$

-

$ 1.77

$ 3.14

$ 4.80

$ 4.71

$ 4.61

$ 4.51

$ 4.41

$ 4.31

$ 4.22

$ 4.12

$ 4.02

$ 3.92

$ 3.83

$ 3.73

$ 3.63

$ 3.53

$ 3.44

$ 3.34

$ 3.24

$ 3.14

$ 3.05

$

SNCR per	MWH

- $

-

$

-

$

-

$ 0.53

$ 1.09

$ 1.67

$ 1.69

$ 1.72

$ 1.74

$ 1.77

$ 1.79

$ 1.81

$ 1.84

$ 1.86

$ 1.89

$ 1.91

$ 1.94

$ 1.96

$ 1.98

$ 2.01

$ 2.03

$ 2.06

$ 2.08

$ 2.11

$

**CAPEX,	Depreciation,	&	OPEX	Cost	Estimation	Worksheets**

SCR

**Unit No.**  **Year	Installed Years	from	Cost**  **Est.	Year Installed	Year** 

**Cost	Dollars Amort.** 

**Period (Yrs)**  **Salvage Annual**  **Depreciation Annual** 

**Depreciation ($000)**  **Capital**

**Recovery**
1 2017 5 34,596,632 $ 20

- $ 1,729,832

$ 1,730

$ 7.00%
2 2016 4 46,059,135 $ 20

- $ 2,302,957

$ 2,303

$ 7.00%
3 2018 6 44,124,767 $ 20

- $ 2,206,238

$ 2,206

$ 7.00%

SNCR

**Unit No.**  **Year	Installed Years	from	Cost**  **Est.	Year Installed	Year** 

**Cost	Dollars Amort.** 

**Period (Yrs)**  **Salvage Annual**  **Depreciation Annual** 

**Depreciation ($000)**  **Capital**

**Recovery**
1 2017 5 3,287,083 $ 20

- $ 164,354

$ 164

$ 7.00%
2 2016 4 3,191,343 $ 20

- $ 159,567

$ 160

$ 7.00%
3 2018 6 3,385,695 $ 20

- $ 169,285

$ 169

$ 7.00%

Baghouse

**Unit No.**  **Year	Installed Years	from	Cost**  **Est.	Year Installed	Year** 

**Cost	Dollars Amort.** 

**Period (Yrs)**  **Salvage Annual**  **Depreciation Annual** 

**Depreciation ($000)**  **Capital**

**Recovery**
1 2016 4 57,097,077 $ 20

- $ 2,854,854

$ 2,855

$ 11.18%
2 2015 3 51,598,231 $ 20

- $ 2,579,912

$ 2,580

$ 11.18%
3 2017 5 43,059,110 $ 20

- $ 2,152,956

$ 2,153

$ 11.18% Total	Incremental Cost CAPEX	+	OPEX **SRP	ONLY	Share**

SCR

SNCR Incremental

$	Per	MWh	Per Plant	Unit	Due	to Incremental CAPEX SCR

SNCR

09000064811c2027 SRP ONLY Increm Costs

### Annual	MWh 3,678,535 3,678,535 3,678,535 **2012 2013**  **2014** Business	As	Usual	("BAU")	$	per	MWh 33.88 $ 33.93

$ 33.99

$ Market	Cost	Cases	$	per	MWh Low	Market

- $

-

$

-

$ Mid	Market

-

$

-

$

-

$ High	Market

-

$

-

$

-

$

SCR Incremental	Cost $	per	MWh

- $

-

$

-

$ SNCR Incremental	Cost $	per	MWh

- $

-

$

-

$

25	YR	NPV	@ **Plant	Shutdown	-	Go	to	Market** 7% Intall	Yrs.

Low	Market 33.88

$ 33.93

$ 33.99

$ Mid	Market 33.88

$ 33.93

$ 33.99

$ High	Market 33.88

$ 33.93

$ 33.99

$

**$M Cost	Rank**  NPV	$	Cost Intall	Yrs. ($000) ($000) ($000) **1,815 $**  3 **1,814,949 $**  124,633 $ 124,827

$ 125,046

$ **1,875 $**  2 **1,875,337 $**  124,633 $ 124,827

$ 125,046

$ **1,895 $**  1 **1,894,687 $**  124,633 $ 124,827

$ 125,046

$

25	YR	NPV	@ **SCR	Installation** 7% Intall	Yrs.

Intall	Yrs. ($000) ($000) ($000) 16/17/18 33.88

$ 33.93

$ 33.99

$ SNCR 33.88

$ 33.93

$ 33.99

$

**2012 2013**  **2014 $M**  **Cost	Rank** NPV	$	Cost Intall	Yrs. ($000) ($000) ($000) **1,853 $**  1 **1,852,553 $**  16/17/18 124,633 $ 124,827

$ 125,046

$ **1,782 $**  **1,781,979 $**  SNCR 124,633 $ 124,827

$ 125,046

$

SCR	Installation	Premium	(SCR	Cost	-	Market	Cost) 1 37,603 $ Low	Market 2 (22,784) $ Mid 3 (42,134) $ High

**$M Case**  NPV	$	Cost **1,728 $**  BAU 

### 1,727,805 **$** 124,633 $ 124,827

$ 125,046

$



### Incremental	NPV	Above	BAU **SCR Low	Mkt**  **Mid	Mkt**

BART 

### 16/17/18 **125 $**  **87**

**$ 148** 

**$**
SNCR 

### 16/17/18 Emissions	Control	Retrofit	Cases **SRP	ONLY**

16/17/18

BART 16/17/18

### 3,678,535 3,678,535 3,678,535 3,678,535 3,678,535 3,678,535

**2015 2016**  **2017 2018**  **2019 2020**  34.26 $ 34.54

$ 34.82

$ 34.91

$ 34.91

$ 39.29

$

- $ 40.16

$ 40.16

$ 40.16

$ 40.16

$ 40.93

$

- $ 40.16

$ 40.16

$ 40.16

$ 40.93

$ 41.71

$

- $ 40.16

$ 40.89

$ 40.89

$ 41.62

$ 42.35

$

- $ 1.77

$ 3.14

$ 4.80

$ 4.71

$ 4.61

$

- $ 0.53

$ 1.09

$ 1.67

$ 1.69

$ 1.72

$

34.26 $ 34.54

$ 36.60

$ 38.41

$ 40.16

$ 40.93

$ 34.26 $ 34.54

$ 36.60

$ 38.41

$ 40.93

$ 41.71

$ 34.26 $ 34.54

$ 36.85

$ 38.90

$ 41.62

$ 42.35

$

($000) ($000) ($000) ($000) ($000) ($000) 126,036 $ 127,052

$ 134,644

$ 141,301

$ 147,738

$ 150,580

$ 126,036 $ 127,052

$ 134,644

$ 141,301

$ 150,580

$ 153,421

$ 126,036 $ 127,052

$ 135,540

$ 143,092

$ 153,111

$ 155,797

$

($000) ($000) ($000) ($000) ($000) ($000) 34.26 $ 36.31

$ 37.96

$ 39.72

$ 39.61

$ 43.90

$ 34.26 $ 35.07

$ 35.91

$ 36.58

$ 36.60

$ 41.01

$

**2015 2016**  **2017 2018**  **2019 2020**  ($000) ($000) ($000) ($000) ($000) ($000) 126,036 $ 133,573

$ 139,654

$ 146,093

$ 145,721

$ 161,496

$ 126,036 $ 129,016

$ 132,107

$ 134,565

$ 134,641

$ 150,864

$

126,036 $ 127,052

$ 128,097

$ 128,426

$ 128,413

$ 144,547

$



### High	Mkt **SNCR**
**167 $** 
**54**

**$**

### 3,678,535 3,678,535 3,678,535 3,678,535 3,678,535 3,678,535

**2021 2022**  **2023 2024**  **2025 2026**  39.61 $ 40.04

$ 40.27

$ 40.51

$ 40.67

$ 40.83

$

41.71 $ 41.71

$ 42.51

$ 42.51

$ 44.11

$ 44.92

$ 42.48 $ 43.25

$ 44.80

$ 45.57

$ 46.34

$ 47.11

$ 43.08 $ 43.81

$ 44.80

$ 45.57

$ 47.04

$ 47.77

$

4.51 $ 4.41

$ 4.31

$ 4.22

$ 4.12

$ 4.02

$ 1.74 $ 1.77

$ 1.79

$ 1.81

$ 1.84

$ 1.86

$

41.71 $ 41.71

$ 42.51

$ 42.51

$ 44.11

$ 44.92

$ 42.48 $ 43.25

$ 44.80

$ 45.57

$ 46.34

$ 47.11

$ 43.08 $ 43.81

$ 44.80

$ 45.57

$ 47.04

$ 47.77

$

($000) ($000) ($000) ($000) ($000) ($000) 153,421 $ 153,421

$ 156,371

$ 156,371

$ 162,272

$ 165,222

$ 156,262 $ 159,103

$ 164,785

$ 167,626

$ 170,467

$ 173,309

$ 158,483 $ 161,169

$ 164,785

$ 167,626

$ 173,034

$ 175,737

$

($000) ($000) ($000) ($000) ($000) ($000) 44.12 $ 44.45

$ 44.59

$ 44.73

$ 44.79

$ 44.85

$ 41.35 $ 41.80

$ 42.06

$ 42.33

$ 42.50

$ 42.69

$

**2021 2022**  **2023 2024**  **2025 2026**  ($000) ($000) ($000) ($000) ($000) ($000) 162,302 $ 163,513

$ 164,012

$ 164,547

$ 164,744

$ 164,978

$ 152,118 $ 153,777

$ 154,725

$ 155,707

$ 156,353

$ 157,035

$

145,712 $ 147,282

$ 148,140

$ 149,034

$ 149,590

$ 150,183

$

### 3,678,535 3,678,535 3,678,535 3,678,535 3,678,535 3,678,535

**2027 2028**  **2029 2030**  **2031 2032**  41.10 $ 41.58

$ 42.08

$ 42.39

$ 42.70

$ 42.93

$

44.92 $ 44.92

$ 44.92

$ 45.72

$ 45.72

$ 45.72

$ 47.89 $ 48.66

$ 48.66

$ 49.43

$ 49.43

$ 50.20

$ 48.51 $ 49.24

$ 49.98

$ 49.98

$ 50.71

$ 51.45

$

3.92 $ 3.83

$ 3.73

$ 3.63

$ 3.53

$ 3.44

$ 1.89 $ 1.91

$ 1.94

$ 1.96

$ 1.98

$ 2.01

$

44.92 $ 44.92

$ 44.92

$ 45.72

$ 45.72

$ 45.72

$ 47.89 $ 48.66

$ 48.66

$ 49.43

$ 49.43

$ 50.20

$ 48.51 $ 49.24

$ 49.98

$ 49.98

$ 50.71

$ 51.45

$

($000) ($000) ($000) ($000) ($000) ($000) 165,222 $ 165,222

$ 165,222

$ 168,173

$ 168,173

$ 168,173

$ 176,150 $ 178,991

$ 178,991

$ 181,832

$ 181,832

$ 184,673

$ 178,441 $ 181,145

$ 183,848

$ 183,848

$ 186,552

$ 189,256

$

($000) ($000) ($000) ($000) ($000) ($000) 45.02 $ 45.41

$ 45.81

$ 46.02

$ 46.24

$ 46.37

$ 42.99 $ 43.50

$ 44.02

$ 44.35

$ 44.69

$ 44.94

$

**2027 2028**  **2029 2030**  **2031 2032**  ($000) ($000) ($000) ($000) ($000) ($000) 165,622 $ 167,049

$ 168,515

$ 169,278

$ 170,084

$ 170,561

$ 158,127 $ 160,002

$ 161,916

$ 163,128

$ 164,381

$ 165,307

$

151,186 $ 152,972

$ 154,797

$ 155,919

$ 157,084

$ 157,920

$

### 3,678,535 3,678,535 3,678,535 3,678,535

**2033 2034**  **2035 2036**  43.17 $ 43.42

$ 43.79

$ 44.07

$

46.52 $ 46.52

$ 47.32

$ 47.74

$ 50.20 $ 50.20

$ 50.98

$ 51.62

$ 52.18 $ 52.18

$ 51.45

$ 52.11

$

3.34 $ 3.24

$ 3.14

$ 3.05

$ 2.03 $ 2.06

$ 2.08

$ 2.11

$

46.52 $ 46.52

$ 47.32

$ 47.74

$ 50.20 $ 50.20

$ 50.98

$ 51.62

$ 52.18 $ 52.18

$ 51.45

$ 52.11

$

($000) ($000) ($000) ($000) 171,123 $ 171,123

$ 174,073

$ 175,607

$ 184,673 $ 184,673

$ 187,514

$ 189,890

$ 191,959 $ 191,959

$ 189,256

$ 191,682

$

($000) ($000) ($000) ($000) 46.51 $ 46.66

$ 46.93

$ 47.11

$ 45.20 $ 45.48

$ 45.87

$ 46.17

$

**2033 2034**  **2035 2036**  ($000) ($000) ($000) ($000) 171,083 $ 171,651

$ 172,639

$ 173,304

$ 166,277 $ 167,293

$ 168,729

$ 169,842

$

158,801 $ 159,728

$ 161,075

$ 162,098

$**39271**
**39260**
**39261**

**39262**

**39310**
**39311**
**39312**
**39324 39325** 
**39326 39327** 
**39328**
**39329**
**39330**
**39331**
**39332**
**39333**
**39334 39335** 
**39336**
**39337**
**39338**
**39339**
**39340**
**39341**
**39342**
**39343**
**39344 39345** 
**39346**
**39347**
**39348**
**39349 39350**  **39351 39352**  **39353 39354**  **39355 39356**  **39357 39358**  **39359**
**39360**
**39361**
**39362**
**39363**
**39364 39365** 
**39366**
**39367**
**39368**
**39369**
**39370**
**39371**
**39372**
**39373**
**39374 39375** 
**39376**
**39377 39378** 
**39379**
**39380**
**39381**
**39382**
**39383**
**39384 39385** 
**39386**
**39387**
**39388**
**39389**
**39390**
**39391**
**39392**
**39393**
**39394 39395** 
**39396**
**39397**
**39398**
**39399**
**39400**
**39401**
**39402**
**39403**
**39404 39405** 
**39406**
**39407**
**39408**
**39409**
**39410**
**39411**
**39412**
**39413**
**39414 39415** 
**39416**
**39417**
**39418**
**39419**
**39420**
**39421**
**39422**
**39423**
**39424 39425** 
**39426**
**39427**
**39428 39429** 
**39430**
**39431**
**39432**
**39433**
**39434 39435** 
**39436**
**39437**
**39438**
**39439**
**39440**
**39441**
**39442**
**39443**
**39444 39445** 
**39446**
**39447**
**39448**
**39449 39450**  **39451 39452**  **39453 39454**  **39455 39456**  **39457 39458**  **39459**
**39460**
**39461**
**39462**
**39463**
**39464 39465** 
**39466**
**39467**
**39468**
**39469**
**39470**
**39471**
**39472**
**39473**
**39474 39475** 
**39476**
**39477**
**39478**
**39479 39480** 
**39481**
**39482**
**39483**
**39484 39485** 
**39486**
**39487**
**39488**
**39489**
**39490**
**39491**
**39492**
**39493**
**39494 39495** 
**39496**
**39497**
**39498**
**39499 39500**  **39501 39502**  **39503 39504**  **39505 39506**  **39507 39508**  **39509 39510**  **39511 39512**  **39513 39514**  **39515 39516**  **39517 39518**  **39519 39520**  **39521 39522**  **39523 39524**  **39525 39526**  **39527 39528**  **39529 39530** **39531 39532**  **39533 39534**  **39535 39536**  **39537 39538**  **39539 39540**  **39541 39542**  **39543 39544**  **39545 39546**  **39547 39548**  **39549 39550**  **39551 39552**  **39553 39554**  **39555 39556**  **39557 39558**  **39559 39560**  **39561 39562**  **39563 39564**  **39565 39566**  **39567 39568**  **39569 39570**  **39571 39572**  **39573 39574**  **39575 39576**  **39577 39578**  **39579 39580**  **39581 39582**  **39583 39584**  **39585 39586**  **39587 39588**  **39589 39590**  **39591 39592**  **39593 39594**  **39595 39596**  **39597 39598**  **39599**
**39600**
**39601**
**39602**
**39603**
**39604 39605** 
**39606**
**39607**
**39608**
**39609**
**39610**
**39611**
**39612**
**39613**
**39614 39615** 
**39616**
**39617**
**39618**
**39619**
**39620**
**39621**
**39622**
**39623**
**39624 39625** 
**39626**
**39627**
**39628**
**39629**
**39630**
**39631**
**39632 39633** 
**39634 39635** 
**39636**
**39637**
**39638**
**39639**
**39640**
**39641**
**39642**
**39643**
**39644 39645** 
**39646**
**39647**
**39648**
**39649 39650**  **39651 39652**  **39653 39654**  **39655 39656**  **39657 39658**  **39659**
**39660**
**39661**
**39662**
**39663**
**39664 39665** 
**39666**
**39667**
**39668**
**39669**
**39670**
**39671**
**39672**
**39673**
**39674 39675** 
**39676**
**39677**
**39678**
**39679**
**39680**
**39681**
**39682**
**39683 39684**  **39685**
**39686**
**39687**
**39688**
**39689**
**39690**
**39691**
**39692**
**39693**
**39694 39695** 
**39696**
**39697**
**39698**
**39699**
**39700**
**39701**
**39702**
**39703**
**39704 39705** 
**39706**
**39707**
**39708**
**39709**
**39710**
**39711**
**39712**
**39713**
**39714 39715** 
**39716**
**39717**
**39718**
**39719**
**39720**
**39721**
**39722**
**39723**
**39724 39725** 
**39726**
**39727**
**39728**
**39729**
**39730**
**39731**
**39732**
**39733**
**39734 39735** 
**39736**
**39737**
**39738**
**39739**
**39740**
**39741**
**39742**
**39743**
**39744 39745** 
**39746**
**39747**
**39748**
**39749 39750**  **39751 39752**  **39753 39754**  **39755 39756**  **39757 39758**  **39759**
**39760**
**39761**
**39762**
**39763**
**39764 39765** 
**39766**
**39767**
**39768**
**39769**
**39770**
**39771**
**39772**
**39773**
**39774 39775** 
**39776**
**39777**
**39778**
**39779**
**39780**
**39781**
**39782**
**39783**
**39784 39785** **39786**
**39787**
**39788**
**39789**
**39790**
**39791**
**39792**
**39793**
**39794 39795** 
**39796**
**39797**
**39798**
**39799**
**39800**
**39801**
**39802**
**39803**
**39804 39805** 
**39806**
**39807**
**39808**
**39809**
**39810**
**39811**
**39812 39813** 
**39814 39815** 
**39816**
**39817**
**39818**
**39819**
**39820**
**39821**
**39822**
**39823**
**39824 39825** 
**39826**
**39827**
**39828**
**39829**
**39830**
**39831**
**39832**
**39833**
**39834 39835** 
**39836 39837** 
**39838**
**39839**
**39840**
**39841**
**39842**
**39843**
**39844 39845** 
**39846**
**39847**
**39848**
**39849 39850**  **39851 39852**  **39853 39854**  **39855 39856**  **39857 39858**  **39859**
**39860**
**39861**
**39862**
**39863**
**39864 39865** 
**39866**
**39867**
**39868**
**39869**
**39870**
**39871**
**39872**
**39873**
**39874 39875** 
**39876**
**39877**
**39878**
**39879**
**39880**
**39881**
**39882**
**39883**
**39884 39885** 
**39886**
**39887 39888** 
**39889**
**39890**
**39891**
**39892**
**39893**
**39894 39895** 
**39896**
**39897**
**39898**
**39899**
**39900**
**39901**
**39902**
**39903**
**39904 39905** 
**39906**
**39907**
**39908**
**39909**
**39910**
**39911**
**39912**
**39913**
**39914 39915** 
**39916**
**39917**
**39918**
**39919**
**39920**
**39921**
**39922**
**39923**
**39924 39925** 
**39926**
**39927**
**39928**
**39929**
**39930**
**39931**
**39932**
**39933**
**39934 39935** 
**39936**
**39937**
**39938 39939** 
**39940**
**39941**
**39942**
**39943**
**39944 39945** 
**39946**
**39947**
**39948**
**39949 39950**  **39951 39952**  **39953 39954**  **39955 39956**  **39957 39958**  **39959**
**39960**
**39961**
**39962**
**39963**
**39964 39965** 
**39966**
**39967**
**39968**
**39969**
**39970**
**39971**
**39972**
**39973**
**39974 39975** 
**39976**
**39977**
**39978**
**39979**
**39980**
**39981**
**39982**
**39983**
**39984 39985** 
**39986**
**39987**
**39988**
**39989 39990** 
**39991**
**39992**
**39993**
**39994 39995** 
**39996**
**39997**
**39998**
**39999**
**40000**
**40001**
**40002**
**40003**
**40004 40005** 
**40006**
**40007**
**40008**
**40009**
**40010**
**40011**
**40012**
**40013**
**40014 40015** 
**40016**
**40017**
**40018**
**40019**
**40020**
**40021**
**40022**
**40023**
**40024 40025** 
**40026**
**40027**
**40028**
**40029**
**40030**
**40031**
**40032**
**40033**
**40034 40035** 
**40036**
**40037**
**40038**
**40039**
**40040 40041** 
**40042**
**40043**
**40044 40045** 
**40046**
**40047**
**40048**
**40049 40050**  **40051 40052**  **40053 40054**  **40055 40056**  **40057 40058**  **40059**
**40060**
**40061**
**40062**
**40063**
**40064 40065** 
**40066**
**40067**
**40068**
**40069**
**40070**
**40071**
**40072**
**40073**
**40074 40075** 
**40076**
**40077**
**40078**
**40079**
**40080**
**40081**
**40082**
**40083**
**40084 40085** 
**40086**
**40087**
**40088**
**40089**
**40090**
**40091 40092** 
**40093**
**40094 40095** 
**40096**
**40097**
**40098**
**40099**
**40100**
**40101**
**40102**
**40103**
**40104 40105** 
**40106**
**40107**
**40108**
**40109**
**40110**
**40111**
**40112**
**40113**
**40114 40115** 
**40116**
**40117**
**40118**
**40119**
**40120**
**40121**
**40122**
**40123**
**40124 40125** 
**40126**
**40127**
**40128**
**40129**
**40130**
**40131**
**40132**
**40133**
**40134 40135** 
**40136**
**40137**
**40138**
**40139**
**40140**
**40141**
**40142 40143** 
**40144 40145** 
**40146**
**40147**
**40148**
**40149 40150**  **40151 40152**  **40153 40154**  **40155 40156**  **40157 40158**  **40159**
**40160**
**40161**
**40162**
**40163**
**40164 40165** 
**40166**
**40167**
**40168**
**40169**
**40170**
**40171**
**40172**
**40173**
**40174 40175** 
**40176**
**40177 40178** 
**40179**
**40180**
**40181**
**40182**
**40183**
**40184 40185** 
**40186**
**40187**
**40188**
**40189**
**40190**
**40191**
**40192**
**40193 40194**  **40195**
**40196**
**40197**
**40198**
**40199**
**40200**
**40201**
**40202**
**40203**
**40204 40205** 
**40206**
**40207**
**40208**
**40209**
**40210**
**40211**
**40212**
**40213**
**40214 40215** 
**40216**
**40217**
**40218**
**40219**
**40220**
**40221**
**40222**
**40223**
**40224 40225** 
**40226**
**40227**
**40228**
**40229**
**40230**
**40231**
**40232**
**40233**
**40234 40235** 
**40236**
**40237**
**40238**
**40239**
**40240**
**40241**
**40242**
**40243**
**40244 40245** 
**40246**
**40247**
**40248**
**40249 40250**  **40251 40252**  **40253 40254**  **40255 40256**  **40257 40258**  **40259**
**40260**
**40261**
**40262**
**40263**
**40264 40265** 
**40266**
**40267**
**40268**
**40269**
**40270**
**40271**
**40272**
**40273**
**40274 40275** 
**40276**
**40277**
**40278**
**40279**
**40280**
**40281**
**40282**
**40283**
**40284 40285** 
**40286**
**40287**
**40288**
**40289**
**40290**
**40291**
**40292**
**40293**
**40294 40295** **40296**
**40297**
**40298**
**40299**
**40300**
**40301**
**40302**
**40303**
**40304 40305** 
**40306**
**40307**
**40308**
**40309**
**40310**
**40311**
**40312**
**40313**
**40314 40315** 
**40316**
**40317**
**40318**
**40319**
**40320**
**40321**
**40322**
**40323**
**40324 40325** 
**40326**
**40327**
**40328**
**40329**
**40330**
**40331**
**40332**
**40333**
**40334 40335** 
**40336**
**40337**
**40338**
**40339**
**40340**
**40341**
**40342**
**40343**
**40344 40345** 
**40346 40347** 
**40348**
**40349 40350**  **40351 40352**  **40353 40354**  **40355 40356**  **40357 40358**  **40359**
**40360**
**40361**
**40362**
**40363**
**40364 40365** 
**40366**
**40367**

### $0.00 $40.50 $0.00 $40.50 0 24 0.00% 100.00%



### $75.33 $40.65 $77.94 $35.72 16 8 66.67% 33.33% 

### $72.67 $39.74 $74.11 $35.92 16 8 66.67% 33.33%



### $67.57 $40.01 $70.31 $36.93 16 8 66.67% 33.33%



### $88.34 $42.39 $92.68 $42.30 16 8 66.67% 33.33% 

### $71.04 $38.89 $75.94 $40.00 16 8 66.67% 33.33% 

### $71.04 $38.89 $75.94 $40.00 16 8 66.67% 33.33% 

### $112.97 $35.86 $114.99 $37.00 16 8 66.67% 33.33% 

### $112.29 $34.40 $116.28 $36.00 16 8 66.67% 33.33% 

### $64.01 $43.74 $71.78 $44.50 16 8 66.67% 33.33%

### $0.00 $43.74 $0.00 $44.50 0 24 0.00% 100.00%



### $0.00 $44.62 $0.00 $44.75 0 24 0.00% 100.00% 

### $66.80 $44.62 $72.10 $44.75 16 8 66.67% 33.33% 

### $57.42 $32.87 $63.00 $34.21 16 8 66.67% 33.33% 

### $60.29 $33.98 $64.28 $34.30 16 8 66.67% 33.33% 

### $55.69 $33.12 $60.60 $33.01 16 8 66.67% 33.33% 

### $55.69 $33.12 $60.60 $33.01 16 8 66.67% 33.33% 

### $0.00 $42.39 $0.00 $45.89 0 24 0.00% 100.00% 

### $57.21 $42.39 $65.25 $45.89 16 8 66.67% 33.33% 

### $58.28 $31.23 $64.00 $30.15 16 8 66.67% 33.33% 

### $60.35 $33.31 $64.75 $33.96 16 8 66.67% 33.33% 

### $61.60 $33.00 $62.08 $33.90 16 8 66.67% 33.33% 

### $59.60 $33.12 $60.75 $31.29 16 8 66.67% 33.33% 

### $59.60 $33.12 $60.75 $31.29 16 8 66.67% 33.33% 

### $0.00 $41.50 $0.00 $37.75 0 24 0.00% 100.00% 

### $59.66 $41.50 $62.00 $37.75 16 8 66.67% 33.33% 

### $55.34 $31.47 $57.18 $31.00 16 8 66.67% 33.33% 

### $48.77 $31.14 $50.50 $30.25 16 8 66.67% 33.33% 

### $46.99 $32.23 $49.25 $31.25 16 8 66.67% 33.33% 

### $44.82 $31.94 $46.75 $30.75 16 8 66.67% 33.33% 

### $44.82 $31.94 $46.75 $30.75 16 8 66.67% 33.33% 

### $0.00 $35.00 $0.00 $35.60 0 24 0.00% 100.00% 

### $47.99 $35.00 $50.00 $35.60 16 8 66.67% 33.33% 

### $49.76 $31.93 $51.00 $28.00 16 8 66.67% 33.33% 

### $53.89 $34.93 $55.00 $28.67 16 8 66.67% 33.33% 

### $53.89 $34.93 $55.00 $28.67 16 8 66.67% 33.33% 

### $51.98 $35.71 $50.75 $28.00 16 8 66.67% 33.33% 

### $51.98 $35.71 $50.75 $28.00 16 8 66.67% 33.33% 

### $0.00 $41.42 $0.00 $36.75 0 24 0.00% 100.00% 

### $55.20 $36.30 $55.00 $29.50 16 8 66.67% 33.33% 

### $60.13 $38.60 $59.75 $31.75 16 8 66.67% 33.33% 

### $68.77 $41.01 $66.50 $36.50 16 8 66.67% 33.33% 

### $76.23 $42.75 $72.00 $36.40 16 8 66.67% 33.33% 

### $61.09 $40.71 $58.00 $35.00 16 8 66.67% 33.33% 

### $61.09 $40.71 $58.00 $35.00 16 8 66.67% 33.33% 

### $0.00 $46.11 $0.00 $43.00 0 24 0.00% 100.00% 

### $60.34 $46.11 $57.50 $43.00 16 8 66.67% 33.33% 

### $64.09 $38.99 $60.00 $35.25 16 8 66.67% 33.33% 

### $61.31 $44.50 $60.75 $38.75 16 8 66.67% 33.33% 

### $64.07 $46.73 $60.00 $39.50 16 8 66.67% 33.33% 

### $60.70 $45.77 $60.00 $40.00 16 8 66.67% 33.33% 

### $60.70 $45.77 $60.00 $40.00 16 8 66.67% 33.33% 

### $0.00 $48.35 $0.00 $42.14 0 24 0.00% 100.00% 

### $59.06 $48.35 $57.00 $42.14 16 8 66.67% 33.33% 

### $57.18 $41.32 $55.00 $26.00 16 8 66.67% 33.33% 

### $58.56 $43.29 $55.00 $33.50 16 8 66.67% 33.33% 

### $57.28 $41.89 $53.50 $34.35 16 8 66.67% 33.33% 

### $57.05 $44.22 $53.00 $36.00 16 8 66.67% 33.33% 

### $57.05 $44.22 $53.00 $36.00 16 8 66.67% 33.33% 

### $0.00 $48.60 $0.00 $44.46 0 24 0.00% 100.00% 

### $60.07 $48.60 $57.15 $44.46 16 8 66.67% 33.33%

### $57.87 $41.91 $54.00 $30.00 16 8 66.67% 33.33%



### $57.97 $44.28 $54.30 $34.54 16 8 66.67% 33.33% 

### $59.32 $43.42 $55.50 $35.49 16 8 66.67% 33.33% 

### $59.93 $50.15 $57.75 $35.00 16 8 66.67% 33.33% 

### $59.93 $50.15 $57.75 $35.00 16 8 66.67% 33.33% 

### $0.00 $50.25 $0.00 $47.35 0 24 0.00% 100.00% 

### $64.07 $50.25 $58.00 $47.35 16 8 66.67% 33.33% 

### $62.84 $44.08 $59.40 $37.12 16 8 66.67% 33.33% 

### $61.21 $44.78 $61.56 $37.50 16 8 66.67% 33.33% 

### $60.56 $46.78 $57.64 $37.08 16 8 66.67% 33.33% 

### $58.98 $45.96 $58.00 $38.00 16 8 66.67% 33.33% 

### $58.98 $45.96 $58.00 $38.00 16 8 66.67% 33.33% 

### $0.00 $44.76 $0.00 $42.00 0 24 0.00% 100.00% 

### $52.83 $44.76 $52.75 $42.00 16 8 66.67% 33.33% 

### $54.20 $41.44 $54.30 $38.00 16 8 66.67% 33.33% 

### $56.36 $41.99 $56.25 $36.50 16 8 66.67% 33.33% 

### $56.36 $41.99 $56.25 $36.50 16 8 66.67% 33.33% 

### $55.03 $39.32 $53.00 $30.50 16 8 66.67% 33.33% 

### $55.03 $39.32 $53.00 $30.50 16 8 66.67% 33.33% 

### $0.00 $40.85 $0.00 $38.00 0 24 0.00% 100.00% 

### $50.89 $40.85 $52.00 $38.00 16 8 66.67% 33.33% 

### $51.36 $35.91 $51.75 $33.50 16 8 66.67% 33.33% 

### $52.32 $37.02 $53.00 $32.00 16 8 66.67% 33.33% 

### $49.30 $32.44 $50.00 $30.50 16 8 66.67% 33.33% 

### $45.51 $30.94 $48.00 $30.50 16 8 66.67% 33.33% 

### $45.51 $30.94 $48.00 $30.50 16 8 66.67% 33.33% 

### $0.00 $35.66 $0.00 $35.50 0 24 0.00% 100.00% 

### $43.26 $35.66 $46.00 $35.50 16 8 66.67% 33.33% 

### $45.39 $34.30 $46.25 $33.75 16 8 66.67% 33.33% 

### $45.39 $34.30 $46.25 $33.75 16 8 66.67% 33.33% 

### $0.00 $37.52 $0.00 $40.00 0 24 0.00% 100.00% 

### $41.37 $37.52 $41.00 $40.00 16 8 66.67% 33.33% 

### $41.37 $37.52 $41.00 $40.00 16 8 66.67% 33.33% 

### $0.00 $41.91 $0.00 $41.75 0 24 0.00% 100.00% 

### $45.08 $41.91 $48.50 $41.75 16 8 66.67% 33.33% 

### $61.28 $44.68 $62.50 $44.50 16 8 66.67% 33.33% 

### $64.28 $50.72 $68.00 $50.00 16 8 66.67% 33.33% 

### $64.28 $50.72 $68.00 $50.00 16 8 66.67% 33.33% 

### $66.88 $52.31 $67.50 $49.75 16 8 66.67% 33.33% 

### $60.82 $47.01 $63.00 $45.75 16 8 66.67% 33.33% 

### $0.00 $50.49 $0.00 $48.75 0 24 0.00% 100.00% 

### $58.28 $50.49 $59.50 $48.75 16 8 66.67% 33.33% 

### $53.52 $42.83 $55.75 $38.50 16 8 66.67% 33.33% 

### $57.37 $44.51 $58.75 $43.00 16 8 66.67% 33.33% 

### $57.05 $44.36 $57.00 $41.75 16 8 66.67% 33.33% 

### $54.30 $42.14 $54.00 $39.50 16 8 66.67% 33.33% 

### $54.30 $42.14 $54.00 $39.50 16 8 66.67% 33.33% 

### $0.00 $53.91 $0.00 $49.00 0 24 0.00% 100.00% 

### $55.07 $53.91 $60.50 $49.00 16 8 66.67% 33.33% 

### $57.20 $47.08 $69.00 $48.50 16 8 66.67% 33.33% 

### $63.51 $51.59 $70.50 $49.50 16 8 66.67% 33.33%

### $66.66 $53.95 $73.50 $52.25 16 8 66.67% 33.33%



### $67.58 $54.53 $73.25 $55.00 16 8 66.67% 33.33% 

### $67.58 $54.53 $73.25 $55.00 16 8 66.67% 33.33% 

### $0.00 $54.65 $0.00 $55.50 0 24 0.00% 100.00% 

### $65.94 $54.65 $67.25 $55.50 16 8 66.67% 33.33% 

### $60.02 $45.15 $62.50 $45.50 16 8 66.67% 33.33% 

### $60.36 $45.12 $63.50 $45.25 16 8 66.67% 33.33% 

### $60.36 $45.12 $63.50 $45.25 16 8 66.67% 33.33% 

### $60.13 $47.83 $61.25 $48.50 16 8 66.67% 33.33% 

### $60.13 $47.83 $61.25 $48.50 16 8 66.67% 33.33% 

### $0.00 $52.75 $0.00 $51.50 0 24 0.00% 100.00% 

### $57.87 $52.75 $60.00 $51.50 16 8 66.67% 33.33% 

### $0.00 $51.31 $0.00 $49.00 0 24 0.00% 100.00% 

### $56.38 $51.31 $56.00 $49.00 16 8 66.67% 33.33% 

### $59.67 $50.18 $60.00 $47.50 16 8 66.67% 33.33% 

### $58.65 $50.10 $59.00 $48.25 16 8 66.67% 33.33% 

### $58.65 $50.10 $59.00 $48.25 16 8 66.67% 33.33% 

### $0.00 $55.57 $0.00 $52.00 0 24 0.00% 100.00% 

### $62.04 $55.57 $63.75 $52.00 16 8 66.67% 33.33% 

### $0.00 $51.01 $0.00 $48.00 16 8 66.67% 33.33% 

### $59.80 $51.01 $60.25 $48.00 16 8 66.67% 33.33% 

### $64.55 $50.40 $65.00 $45.50 16 8 66.67% 33.33% 

### $61.33 $47.24 $59.25 $43.50 16 8 66.67% 33.33% 

### $61.33 $47.24 $59.25 $43.50 16 8 66.67% 33.33% 

### $0.00 $51.29 $0.00 $48.49 0 24 0.00% 100.00% 

### $60.23 $51.29 $60.54 $48.49 16 8 66.67% 33.33% 

### $62.23 $51.67 $62.18 $49.75 16 8 66.67% 33.33% 

### $62.45 $50.03 $62.74 $49.25 16 8 66.67% 33.33% 

### $63.35 $50.19 $63.96 $49.50 16 8 66.67% 33.33% 

### $61.96 $48.97 $61.47 $49.25 16 8 66.67% 33.33% 

### $61.96 $48.97 $61.47 $49.25 16 8 66.67% 33.33% 

### $0.00 $56.54 $0.00 $57.00 0 24 0.00% 100.00% 

### $65.82 $56.54 $66.95 $57.00 16 8 66.67% 33.33% 

### $68.42 $53.89 $71.75 $54.00 16 8 66.67% 33.33% 

### $72.37 $57.86 $80.50 $58.75 16 8 66.67% 33.33% 

### $72.37 $57.86 $80.50 $58.75 16 8 66.67% 33.33% 

### $70.96 $56.14 $71.00 $57.50 16 8 66.67% 33.33% 

### $70.96 $56.14 $71.00 $57.50 16 8 66.67% 33.33% 

### $0.00 $61.80 $0.00 $64.50 0 24 0.00% 100.00% 

### $70.95 $61.80 $74.00 $64.50 16 8 66.67% 33.33% 

### $73.64 $60.67 $79.50 $61.00 16 8 66.67% 33.33% 

### $65.06 $57.61 $72.50 $58.00 16 8 66.67% 33.33% 

### $65.94 $56.56 $70.50 $57.75 16 8 66.67% 33.33% 

### $61.66 $56.70 $65.56 $58.50 16 8 66.67% 33.33% 

### $61.66 $56.70 $65.56 $58.50 16 8 66.67% 33.33% 

### $0.00 $59.01 $0.00 $59.00 0 24 0.00% 100.00% 

### $62.67 $59.01 $68.14 $59.00 16 8 66.67% 33.33% 

### $62.82 $52.84 $68.04 $54.75 16 8 66.67% 33.33% 

### $65.89 $56.58 $72.63 $58.00 16 8 66.67% 33.33% 

### $67.61 $57.98 $75.68 $59.75 16 8 66.67% 33.33% 

### $65.64 $58.50 $72.75 $62.50 16 8 66.67% 33.33%

### $65.64 $58.50 $72.75 $62.50 16 8 66.67% 33.33%



### $0.00 $59.10 $0.00 $58.50 0 24 0.00% 100.00% 

### $69.54 $59.10 $71.50 $58.50 16 8 66.67% 33.33% 

### $69.70 $53.87 $74.75 $56.00 16 8 66.67% 33.33% 

### $73.90 $57.40 $79.50 $58.00 16 8 66.67% 33.33% 

### $73.71 $56.57 $75.50 $57.00 16 8 66.67% 33.33% 

### $66.43 $55.48 $66.50 $56.50 16 8 66.67% 33.33% 

### $66.43 $55.48 $66.50 $56.50 16 8 66.67% 33.33% 

### $0.00 $55.62 $0.00 $53.50 0 24 0.00% 100.00% 

### $67.28 $55.62 $69.21 $53.50 16 8 66.67% 33.33% 

### $68.65 $53.42 $70.34 $54.00 16 8 66.67% 33.33% 

### $68.16 $51.68 $69.25 $51.50 16 8 66.67% 33.33% 

### $68.16 $51.68 $69.25 $51.50 16 8 66.67% 33.33% 

### $65.35 $50.82 $68.00 $50.00 16 8 66.67% 33.33% 

### $65.35 $50.82 $68.00 $50.00 16 8 66.67% 33.33% 

### $0.00 $54.72 $0.00 $54.75 0 24 0.00% 100.00% 

### $68.42 $54.72 $69.00 $54.75 16 8 66.67% 33.33% 

### $68.72 $53.13 $69.50 $52.00 16 8 66.67% 33.33% 

### $71.97 $55.90 $73.00 $55.00 16 8 66.67% 33.33% 

### $71.68 $56.64 $72.00 $56.25 16 8 66.67% 33.33% 

### $68.25 $54.66 $68.50 $55.00 16 8 66.67% 33.33% 

### $68.25 $54.66 $68.50 $55.00 16 8 66.67% 33.33% 

### $0.00 $60.07 $0.00 $59.75 0 24 0.00% 100.00% 

### $70.41 $60.07 $72.00 $59.75 16 8 66.67% 33.33% 

### $74.08 $57.42 $76.50 $57.00 16 8 66.67% 33.33% 

### $74.50 $56.30 $76.75 $57.75 16 8 66.67% 33.33% 

### $74.50 $56.30 $76.75 $57.75 16 8 66.67% 33.33% 

### $73.19 $55.60 $76.75 $56.00 16 8 66.67% 33.33% 

### $68.29 $56.91 $70.00 $59.25 16 8 66.67% 33.33% 

### $0.00 $61.24 $0.00 $64.25 0 24 0.00% 100.00% 

### $70.52 $61.24 $74.00 $64.25 16 8 66.67% 33.33% 

### $71.75 $58.39 $75.50 $58.75 16 8 66.67% 33.33% 

### $73.83 $61.45 $79.69 $63.50 16 8 66.67% 33.33% 

### $74.69 $62.95 $79.25 $65.50 16 8 66.67% 33.33% 

### $73.82 $64.80 $76.25 $66.75 16 8 66.67% 33.33% 

### $73.82 $64.80 $76.25 $66.75 16 8 66.67% 33.33% 

### $0.00 $71.65 $0.00 $71.50 0 24 0.00% 100.00% 

### $80.19 $71.65 $81.50 $71.50 16 8 66.67% 33.33% 

### $80.97 $67.39 $84.25 $69.00 16 8 66.67% 33.33% 

### $83.41 $65.45 $85.00 $64.50 16 8 66.67% 33.33% 

### $78.30 $61.23 $79.25 $62.00 16 8 66.67% 33.33% 

### $72.04 $59.66 $73.75 $60.00 16 8 66.67% 33.33% 

### $72.04 $59.66 $73.75 $60.00 16 8 66.67% 33.33% 

### $0.00 $66.18 $0.00 $66.00 0 24 0.00% 100.00% 

### $76.50 $66.18 $78.25 $66.00 16 8 66.67% 33.33% 

### $78.74 $57.62 $82.00 $59.50 16 8 66.67% 33.33% 

### $77.74 $58.53 $80.00 $60.00 16 8 66.67% 33.33% 

### $77.74 $58.53 $80.00 $60.00 16 8 66.67% 33.33% 

### $70.31 $54.00 $70.50 $52.50 16 8 66.67% 33.33% 

### $70.31 $54.00 $70.50 $52.50 16 8 66.67% 33.33% 

### $0.00 $52.64 $0.00 $54.25 0 24 0.00% 100.00%

### $65.70 $52.64 $66.50 $54.25 16 8 66.67% 33.33%



### $71.30 $52.67 $71.75 $53.25 16 8 66.67% 33.33% 

### $73.10 $55.00 $74.00 $56.50 16 8 66.67% 33.33% 

### $77.21 $56.85 $79.50 $57.75 16 8 66.67% 33.33% 

### $75.76 $59.80 $79.25 $62.00 16 8 66.67% 33.33% 

### $75.76 $59.80 $79.25 $62.00 16 8 66.67% 33.33% 

### $0.00 $71.82 $0.00 $71.50 0 24 0.00% 100.00% 

### $82.66 $71.82 $86.50 $71.50 16 8 66.67% 33.33% 

### $91.60 $69.76 $95.00 $70.25 16 8 66.67% 33.33% 

### $86.95 $65.92 $91.00 $66.50 16 8 66.67% 33.33% 

### $79.20 $63.93 $83.25 $67.00 16 8 66.67% 33.33% 

### $82.56 $67.72 $84.50 $69.50 16 8 66.67% 33.33% 

### $82.56 $67.72 $84.50 $69.50 16 8 66.67% 33.33% 

### $0.00 $79.76 $0.00 $78.86 0 24 0.00% 100.00% 

### $88.67 $79.76 $90.50 $78.86 16 8 66.67% 33.33% 

### $87.27 $75.63 $87.25 $75.00 16 8 66.67% 33.33% 

### $82.61 $70.82 $82.50 $70.50 16 8 66.67% 33.33% 

### $79.27 $64.99 $79.75 $64.75 16 8 66.67% 33.33% 

### $81.64 $67.16 $84.00 $68.00 16 8 66.67% 33.33% 

### $81.64 $67.16 $84.00 $68.00 16 8 66.67% 33.33% 

### $0.00 $78.82 $0.00 $78.75 0 24 0.00% 100.00% 

### $97.99 $78.82 $103.75 $78.75 16 8 66.67% 33.33% 

### $89.66 $67.79 $92.50 $66.75 16 8 66.67% 33.33% 

### $85.21 $62.82 $86.50 $64.00 16 8 66.67% 33.33% 

### $85.42 $63.61 $87.00 $64.50 16 8 66.67% 33.33% 

### $85.67 $68.30 $86.00 $70.00 16 8 66.67% 33.33% 

### $85.67 $68.30 $86.00 $70.00 16 8 66.67% 33.33% 

### $0.00 $71.29 $0.00 $72.00 0 24 0.00% 100.00% 

### $89.48 $71.29 $88.75 $72.00 16 8 66.67% 33.33% 

### $94.82 $72.01 $95.25 $74.25 16 8 66.67% 33.33% 

### $94.00 $72.70 $94.50 $73.50 16 8 66.67% 33.33% 

### $86.61 $67.58 $81.50 $66.00 16 8 66.67% 33.33% 

### $87.20 $67.30 $83.00 $65.50 16 8 66.67% 33.33% 

### $87.20 $67.30 $83.00 $65.50 16 8 66.67% 33.33% 

### $0.00 $81.97 $0.00 $77.00 0 24 0.00% 100.00% 

### $99.92 $81.97 $96.25 $77.00 16 8 66.67% 33.33% 

### $97.38 $70.86 $94.50 $68.00 16 8 66.67% 33.33% 

### $90.53 $65.36 $88.25 $59.50 16 8 66.67% 33.33% 

### $83.78 $65.94 $82.00 $64.25 16 8 66.67% 33.33% 

### $80.82 $67.72 $81.00 $67.00 16 8 66.67% 33.33% 

### $80.82 $67.72 $81.00 $67.00 16 8 66.67% 33.33% 

### $0.00 $68.34 $0.00 $67.50 0 24 0.00% 100.00% 

### $81.11 $68.34 $81.25 $67.50 16 8 66.67% 33.33% 

### $81.94 $68.25 $82.50 $64.50 16 8 66.67% 33.33% 

### $82.34 $67.21 $82.00 $65.50 16 8 66.67% 33.33% 

### $77.75 $64.41 $79.00 $64.00 16 8 66.67% 33.33% 

### $78.73 $65.11 $81.00 $64.50 16 8 66.67% 33.33% 

### $78.73 $65.11 $81.00 $64.50 16 8 66.67% 33.33% 

### $0.00 $67.19 $0.00 $69.00 0 24 0.00% 100.00% 

### $84.80 $67.19 $84.25 $69.00 16 8 66.67% 33.33% 

### $88.66 $60.75 $86.00 $54.00 16 8 66.67% 33.33%

### $84.45 $59.16 $85.05 $58.00 16 8 66.67% 33.33%



### $86.32 $66.50 $90.00 $63.00 16 8 66.67% 33.33% 

### $91.61 $73.96 $95.00 $66.50 16 8 66.67% 33.33% 

### $91.61 $73.96 $95.00 $66.50 16 8 66.67% 33.33% 

### $0.00 $75.80 $0.00 $69.00 0 24 0.00% 100.00% 

### $95.78 $75.80 $96.00 $69.00 16 8 66.67% 33.33% 

### $100.55 $57.08 $103.75 $48.98 16 8 66.67% 33.33% 

### $83.95 $57.75 $87.75 $48.00 16 8 66.67% 33.33% 

### $83.95 $57.75 $87.75 $48.00 16 8 66.67% 33.33% 

### $73.38 $49.75 $69.00 $41.50 16 8 66.67% 33.33% 

### $73.38 $49.75 $69.00 $41.50 16 8 66.67% 33.33% 

### $0.00 $42.00 $0.00 $34.00 0 24 0.00% 100.00% 

### $0.00 $42.00 $0.00 $34.00 0 24 0.00% 100.00% 

### $77.05 $31.00 $73.25 $23.00 16 8 66.67% 33.33% 

### $81.76 $21.00 $75.00 $14.00 16 8 66.67% 33.33% 

### $79.65 $24.25 $73.00 $18.00 16 8 66.67% 33.33% 

### $73.00 $30.00 $72.00 $25.00 16 8 66.67% 33.33% 

### $73.00 $30.00 $72.00 $25.00 16 8 66.67% 33.33% 

### $0.00 $51.00 $0.00 $41.00 0 24 0.00% 100.00% 

### $79.60 $51.00 $74.00 $41.00 16 8 66.67% 33.33% 

### $94.02 $48.00 $90.00 $36.00 16 8 66.67% 33.33% 

### $91.91 $48.95 $83.00 $38.00 16 8 66.67% 33.33% 

### $84.11 $47.25 $76.00 $31.25 16 8 66.67% 33.33% 

### $80.82 $43.58 $67.75 $31.50 16 8 66.67% 33.33% 

### $80.82 $43.58 $67.75 $31.50 16 8 66.67% 33.33% 

### $0.00 $62.00 $0.00 $42.25 0 24 0.00% 100.00% 

### $87.47 $62.00 $78.50 $42.25 16 8 66.67% 33.33% 

### $99.86 $50.94 $90.75 $33.50 16 8 66.67% 33.33% 

### $91.83 $47.26 $88.50 $33.75 16 8 66.67% 33.33% 

### $93.25 $45.50 $90.00 $34.74 16 8 66.67% 33.33% 

### $96.63 $48.98 $91.00 $34.50 16 8 66.67% 33.33% 

### $96.63 $48.98 $91.00 $34.50 16 8 66.67% 33.33% 

### $0.00 $74.86 $0.00 $60.00 0 24 0.00% 100.00% 

### $101.11 $74.86 $108.00 $60.00 16 8 66.67% 33.33% 

### $120.26 $62.65 $130.25 $49.75 16 8 66.67% 33.33% 

### $137.61 $69.43 $140.67 $59.64 16 8 66.67% 33.33% 

### $139.01 $76.43 $145.00 $65.00 16 8 66.67% 33.33% 

### $133.74 $78.31 $135.29 $64.75 16 8 66.67% 33.33% 

### $133.74 $78.31 $135.29 $64.75 16 8 66.67% 33.33% 

### $0.00 $90.36 $0.00 $87.00 0 24 0.00% 100.00% 

### $119.80 $90.36 $122.25 $87.00 16 8 66.67% 33.33% 

### $116.36 $70.99 $122.00 $61.25 16 8 66.67% 33.33% 

### $112.15 $68.21 $113.00 $58.00 16 8 66.67% 33.33% 

### $105.34 $56.31 $106.00 $50.25 16 8 66.67% 33.33% 

### $102.18 $58.52 $105.00 $50.50 16 8 66.67% 33.33% 

### $102.18 $58.52 $105.00 $50.50 16 8 66.67% 33.33% 

### $0.00 $83.16 $0.00 $76.25 0 24 0.00% 100.00% 

### $117.56 $83.16 $118.00 $76.25 16 8 66.67% 33.33% 

### $133.29 $73.19 $132.00 $64.44 16 8 66.67% 33.33% 

### $134.40 $79.20 $132.36 $69.06 16 8 66.67% 33.33% 

### $134.40 $79.20 $132.36 $69.06 16 8 66.67% 33.33%

### $0.00 $84.16 $0.00 $76.92 0 24 0.00% 100.00%



### $106.99 $84.16 $100.57 $76.92 16 8 66.67% 33.33% 

### $0.00 $77.67 $0.00 $66.00 0 24 0.00% 100.00% 

### $138.81 $77.67 $134.23 $66.00 16 8 66.67% 33.33% 

### $145.05 $71.62 $136.43 $58.79 16 8 66.67% 33.33% 

### $126.67 $68.91 $117.79 $57.06 16 8 66.67% 33.33% 

### $112.27 $62.46 $110.39 $56.89 16 8 66.67% 33.33% 

### $89.18 $58.82 $89.03 $53.92 16 8 66.67% 33.33% 

### $89.18 $58.82 $89.03 $53.92 16 8 66.67% 33.33% 

### $0.00 $78.25 $0.00 $72.75 0 24 0.00% 100.00% 

### $100.96 $78.25 $100.25 $72.75 16 8 66.67% 33.33% 

### $102.98 $68.44 $103.00 $66.28 16 8 66.67% 33.33% 

### $107.46 $71.13 $106.50 $67.88 16 8 66.67% 33.33% 

### $100.02 $69.90 $99.50 $67.03 16 8 66.67% 33.33% 

### $100.44 $70.38 $98.75 $68.00 16 8 66.67% 33.33% 

### $100.44 $70.38 $98.75 $68.00 16 8 66.67% 33.33% 

### $0.00 $75.21 $0.00 $76.50 0 24 0.00% 100.00% 

### $95.39 $75.21 $97.25 $76.50 16 8 66.67% 33.33% 

### $98.48 $64.79 $102.50 $63.00 16 8 66.67% 33.33% 

### $98.25 $63.62 $98.75 $63.25 16 8 66.67% 33.33% 

### $98.05 $62.18 $99.50 $62.00 16 8 66.67% 33.33% 

### $92.66 $61.73 $91.25 $60.50 16 8 66.67% 33.33% 

### $92.66 $61.73 $91.25 $60.50 16 8 66.67% 33.33% 

### $0.00 $64.93 $0.00 $64.00 0 24 0.00% 100.00% 

### $88.06 $64.93 $91.50 $64.00 16 8 66.67% 33.33% 

### $86.07 $57.71 $88.11 $57.00 16 8 66.67% 33.33% 

### $86.47 $54.62 $89.06 $53.22 16 8 66.67% 33.33% 

### $82.76 $53.06 $82.25 $50.99 16 8 66.67% 33.33% 

### $84.99 $55.52 $84.57 $55.00 16 8 66.67% 33.33% 

### $84.99 $55.52 $84.57 $55.00 16 8 66.67% 33.33% 

### $0.00 $64.25 $0.00 $63.00 0 24 0.00% 100.00% 

### $86.84 $64.25 $88.04 $63.00 16 8 66.67% 33.33% 

### $90.74 $57.55 $94.00 $54.75 16 8 66.67% 33.33% 

### $81.28 $52.24 $83.79 $50.50 16 8 66.67% 33.33% 

### $82.08 $52.70 $82.71 $52.00 16 8 66.67% 33.33% 

### $77.43 $53.04 $78.89 $51.00 16 8 66.67% 33.33% 

### $77.43 $53.04 $78.89 $51.00 16 8 66.67% 33.33% 

### $0.00 $59.07 $0.00 $57.25 0 24 0.00% 100.00% 

### $79.26 $59.07 $78.11 $57.25 16 8 66.67% 33.33% 

### $83.67 $51.70 $84.44 $50.00 16 8 66.67% 33.33% 

### $81.06 $49.50 $80.36 $45.25 16 8 66.67% 33.33% 

### $81.15 $49.34 $79.14 $47.00 16 8 66.67% 33.33% 

### $77.72 $50.68 $76.63 $50.50 16 8 66.67% 33.33% 

### $77.72 $50.68 $76.63 $50.50 16 8 66.67% 33.33% 

### $0.00 $57.46 $0.00 $55.00 0 24 0.00% 100.00% 

### $76.29 $57.46 $75.39 $55.00 16 8 66.67% 33.33% 

### $72.66 $47.63 $72.08 $46.66 16 8 66.67% 33.33% 

### $69.81 $46.09 $68.54 $44.96 16 8 66.67% 33.33% 

### $72.20 $47.61 $70.52 $45.79 16 8 66.67% 33.33% 

### $70.34 $47.30 $67.04 $46.38 16 8 66.67% 33.33% 

### $70.34 $47.30 $67.04 $46.38 16 8 66.67% 33.33%

### $0.00 $59.87 $0.00 $58.50 0 24 0.00% 100.00%



### $77.50 $59.87 $74.21 $58.50 16 8 66.67% 33.33% 

### $76.67 $46.99 $75.81 $45.44 16 8 66.67% 33.33% 

### $81.34 $47.79 $80.13 $46.50 16 8 66.67% 33.33% 

### $81.34 $47.79 $80.13 $46.50 16 8 66.67% 33.33% 

### $77.69 $48.41 $74.09 $46.00 16 8 66.67% 33.33% 

### $77.69 $48.41 $74.09 $46.00 16 8 66.67% 33.33% 

### $0.00 $57.50 $0.00 $55.50 0 24 0.00% 100.00% 

### $0.00 $45.59 $0.00 $44.00 0 24 0.00% 100.00% 

### $68.09 $45.59 $61.38 $44.00 16 8 66.67% 33.33% 

### $65.57 $40.08 $59.71 $39.58 16 8 66.67% 33.33% 

### $67.77 $37.29 $58.48 $33.82 16 8 66.67% 33.33% 

### $66.12 $38.65 $61.13 $37.50 16 8 66.67% 33.33% 

### $66.12 $38.65 $61.13 $37.50 16 8 66.67% 33.33% 

### $0.00 $46.72 $0.00 $45.00 0 24 0.00% 100.00% 

### $63.55 $46.72 $60.44 $45.00 16 8 66.67% 33.33% 

### $61.96 $39.57 $61.00 $37.50 16 8 66.67% 33.33% 

### $56.09 $38.27 $56.78 $36.79 16 8 66.67% 33.33% 

### $58.08 $39.91 $59.42 $38.61 16 8 66.67% 33.33% 

### $56.01 $36.98 $57.27 $34.76 16 8 66.67% 33.33% 

### $56.01 $36.98 $57.27 $34.76 16 8 66.67% 33.33% 

### $0.00 $44.03 $0.00 $47.00 0 24 0.00% 100.00% 

### $57.52 $44.03 $57.75 $47.00 16 8 66.67% 33.33% 

### $55.81 $35.83 $56.32 $36.50 16 8 66.67% 33.33% 

### $54.79 $36.68 $56.58 $32.50 16 8 66.67% 33.33% 

### $55.21 $36.14 $55.19 $34.50 16 8 66.67% 33.33% 

### $55.60 $41.15 $52.97 $38.00 16 8 66.67% 33.33% 

### $55.60 $41.15 $52.97 $38.00 16 8 66.67% 33.33% 

### $0.00 $44.31 $0.00 $40.25 0 24 0.00% 100.00% 

### $54.21 $44.31 $51.00 $40.25 16 8 66.67% 33.33% 

### $53.41 $36.91 $51.71 $34.25 16 8 66.67% 33.33% 

### $53.90 $35.18 $54.84 $33.50 16 8 66.67% 33.33% 

### $56.72 $36.72 $55.73 $33.25 16 8 66.67% 33.33% 

### $53.37 $38.00 $51.78 $35.00 16 8 66.67% 33.33% 

### $53.37 $38.00 $51.78 $35.00 16 8 66.67% 33.33% 

### $0.00 $44.42 $0.00 $41.94 0 24 0.00% 100.00% 

### $53.04 $44.42 $51.65 $41.94 16 8 66.67% 33.33% 

### $57.96 $40.00 $55.95 $35.74 16 8 66.67% 33.33% 

### $56.54 $37.71 $55.10 $33.57 16 8 66.67% 33.33% 

### $56.14 $38.54 $56.75 $36.50 16 8 66.67% 33.33% 

### $55.26 $39.28 $54.77 $36.54 16 8 66.67% 33.33% 

### $55.26 $39.28 $54.77 $36.54 16 8 66.67% 33.33% 

### $0.00 $40.01 $0.00 $37.75 0 24 0.00% 100.00% 

### $53.75 $40.01 $54.26 $37.75 16 8 66.67% 33.33% 

### $52.85 $35.35 $52.51 $32.77 16 8 66.67% 33.33% 

### $52.01 $34.62 $52.75 $33.26 16 8 66.67% 33.33% 

### $50.05 $34.16 $49.90 $33.25 16 8 66.67% 33.33% 

### $44.57 $32.43 $41.96 $31.55 16 8 66.67% 33.33% 

### $44.57 $32.43 $41.96 $31.55 16 8 66.67% 33.33% 

### $0.00 $26.11 $0.00 $24.77 0 24 0.00% 100.00% 

### $37.74 $26.11 $35.00 $24.77 16 8 66.67% 33.33%

### $34.63 $26.28 $34.00 $24.50 16 8 66.67% 33.33%



### $31.72 $21.63 $33.55 $19.69 16 8 66.67% 33.33% 

### $36.95 $23.87 $38.00 $22.89 16 8 66.67% 33.33% 

### $42.96 $28.68 $42.24 $25.74 16 8 66.67% 33.33% 

### $42.96 $28.68 $42.24 $25.74 16 8 66.67% 33.33% 

### $0.00 $34.79 $0.00 $30.53 0 24 0.00% 100.00% 

### $44.71 $34.79 $41.31 $30.53 16 8 66.67% 33.33% 

### $49.95 $31.92 $49.75 $26.72 16 8 66.67% 33.33% 

### $50.40 $31.50 $50.25 $30.25 16 8 66.67% 33.33% 

### $52.35 $33.46 $51.09 $30.50 16 8 66.67% 33.33% 

### $44.22 $31.92 $43.86 $27.75 16 8 66.67% 33.33% 

### $44.22 $31.92 $43.86 $27.75 16 8 66.67% 33.33% 

### $0.00 $29.26 $0.00 $26.14 0 24 0.00% 100.00% 

### $39.65 $29.26 $40.25 $26.14 16 8 66.67% 33.33% 

### $40.92 $27.66 $39.96 $25.84 16 8 66.67% 33.33% 

### $42.43 $30.17 $42.50 $27.43 16 8 66.67% 33.33% 

### $42.43 $30.17 $42.50 $27.43 16 8 66.67% 33.33% 

### $42.05 $31.95 $41.25 $30.30 16 8 66.67% 33.33% 

### $34.47 $29.69 $33.38 $27.17 16 8 66.67% 33.33% 

### $0.00 $28.93 $0.00 $28.00 0 24 0.00% 100.00% 

### $33.69 $28.93 $36.19 $28.00 16 8 66.67% 33.33% 

### $30.03 $19.87 $33.15 $21.57 16 8 66.67% 33.33% 

### $36.19 $25.83 $38.35 $26.18 16 8 66.67% 33.33% 

### $43.05 $31.68 $46.93 $31.61 16 8 66.67% 33.33% 

### $46.82 $37.68 $47.19 $36.00 16 8 66.67% 33.33% 

### $46.82 $37.68 $47.19 $36.00 16 8 66.67% 33.33% 

### $0.00 $41.20 $0.00 $42.25 0 24 0.00% 100.00% 

### $43.49 $41.20 $45.25 $42.25 16 8 66.67% 33.33% 

### $50.26 $38.52 $47.50 $34.50 16 8 66.67% 33.33% 

### $50.26 $38.52 $47.50 $34.50 16 8 66.67% 33.33% 

### $40.77 $32.48 $38.08 $28.11 16 8 66.67% 33.33% 

### $37.53 $30.02 $36.41 $26.54 16 8 66.67% 33.33% 

### $37.53 $30.02 $36.41 $26.54 16 8 66.67% 33.33% 

### $0.00 $30.58 $0.00 $27.25 0 24 0.00% 100.00% 

### $35.16 $30.58 $34.25 $27.25 16 8 66.67% 33.33% 

### $40.90 $30.67 $36.00 $25.04 16 8 66.67% 33.33% 

### $44.84 $33.89 $37.05 $23.25 16 8 66.67% 33.33% 

### $46.78 $36.95 $44.24 $27.14 16 8 66.67% 33.33% 

### $44.56 $33.36 $42.50 $24.83 16 8 66.67% 33.33% 

### $44.56 $33.36 $42.50 $24.83 16 8 66.67% 33.33% 

### $0.00 $34.74 $0.00 $31.00 0 24 0.00% 100.00% 

### $43.30 $34.74 $40.86 $31.00 16 8 66.67% 33.33% 

### $47.50 $38.12 $44.25 $33.61 16 8 66.67% 33.33% 

### $47.50 $38.12 $44.25 $33.61 16 8 66.67% 33.33% 

### $0.00 $38.12 $0.00 $33.61 0 24 0.00% 100.00% 

### $39.37 $36.24 $36.58 $32.75 16 8 66.67% 33.33% 

### $39.37 $36.24 $36.58 $32.75 16 8 66.67% 33.33% 

### $0.00 $36.24 $0.00 $32.75 0 24 0.00% 100.00% 

### $45.64 $34.73 $43.75 $30.50 16 8 66.67% 33.33% 

### $46.52 $34.29 $42.75 $28.00 16 8 66.67% 33.33% 

### $46.71 $35.57 $44.50 $24.79 16 8 66.67% 33.33%

### $45.80 $35.92 $44.25 $22.00 16 8 66.67% 33.33%



### $45.20 $35.79 $41.11 $25.50 16 8 66.67% 33.33% 

### $45.20 $35.79 $41.11 $25.50 16 8 66.67% 33.33% 

### $0.00 $33.91 $0.00 $30.50 0 24 0.00% 100.00% 

### $42.58 $33.91 $40.25 $30.50 16 8 66.67% 33.33% 

### $42.25 $29.41 $41.25 $23.00 16 8 66.67% 33.33% 

### $42.58 $32.97 $41.50 $28.00 16 8 66.67% 33.33% 

### $47.73 $37.04 $46.50 $31.00 16 8 66.67% 33.33% 

### $47.65 $38.00 $46.25 $32.00 16 8 66.67% 33.33% 

### $47.65 $38.00 $46.25 $32.00 16 8 66.67% 33.33% 

### $0.00 $38.11 $0.00 $32.25 0 24 0.00% 100.00% 

### $50.79 $38.11 $49.72 $32.25 16 8 66.67% 33.33% 

### $54.36 $42.62 $55.72 $43.50 16 8 66.67% 33.33% 

### $53.44 $44.71 $54.75 $44.21 16 8 66.67% 33.33% 

### $51.32 $39.43 $52.74 $39.00 16 8 66.67% 33.33% 

### $46.53 $33.04 $47.74 $32.50 16 8 66.67% 33.33% 

### $46.53 $33.04 $47.74 $32.50 16 8 66.67% 33.33% 

### $0.00 $39.50 $0.00 $38.75 0 24 0.00% 100.00% 

### $48.24 $39.50 $49.96 $38.75 16 8 66.67% 33.33% 

### $44.33 $34.76 $44.25 $33.50 16 8 66.67% 33.33% 

### $44.33 $34.76 $44.25 $33.50 16 8 66.67% 33.33% 

### $0.00 $34.76 $0.00 $33.50 0 24 0.00% 100.00% 

### $41.84 $31.24 $41.85 $30.93 16 8 66.67% 33.33% 

### $41.84 $31.24 $41.85 $30.93 16 8 66.67% 33.33% 

### $0.00 $30.49 $0.00 $30.25 0 24 0.00% 100.00% 

### $44.07 $30.49 $44.00 $30.25 16 8 66.67% 33.33% 

### $50.32 $37.52 $50.79 $35.50 16 8 66.67% 33.33% 

### $50.32 $37.52 $50.79 $35.50 16 8 66.67% 33.33% 

### $0.00 $39.57 $0.00 $36.98 0 24 0.00% 100.00% 

### $39.97 $31.78 $41.24 $29.75 16 8 66.67% 33.33% 

### $39.97 $31.78 $41.24 $29.75 16 8 66.67% 33.33% 

### $0.00 $31.70 $0.00 $30.82 0 24 0.00% 100.00% 

### $42.78 $31.70 $43.94 $30.82 16 8 66.67% 33.33% 

### $39.64 $32.07 $43.95 $31.50 16 8 66.67% 33.33% 

### $43.30 $35.36 $45.53 $35.00 16 8 66.67% 33.33% 

### $43.14 $34.50 $43.25 $32.71 16 8 66.67% 33.33% 

### $40.66 $32.82 $40.93 $32.41 16 8 66.67% 33.33% 

### $40.66 $32.82 $40.93 $32.41 16 8 66.67% 33.33% 

### $0.00 $31.98 $0.00 $31.82 0 24 0.00% 100.00% 

### $41.40 $31.98 $44.04 $31.82 16 8 66.67% 33.33% 

### $40.71 $30.95 $41.50 $31.00 16 8 66.67% 33.33% 

### $40.83 $30.93 $41.55 $29.52 16 8 66.67% 33.33% 

### $40.83 $30.93 $41.55 $29.52 16 8 66.67% 33.33% 

### $37.38 $28.91 $36.79 $27.13 16 8 66.67% 33.33% 

### $37.38 $28.91 $36.79 $27.13 16 8 66.67% 33.33% 

### $0.00 $32.41 $0.00 $30.83 0 24 0.00% 100.00% 

### $39.10 $32.41 $39.17 $30.83 16 8 66.67% 33.33% 

### $38.02 $27.09 $37.88 $27.00 16 8 66.67% 33.33% 

### $34.70 $23.26 $35.54 $23.00 16 8 66.67% 33.33% 

### $35.65 $24.72 $35.67 $23.50 16 8 66.67% 33.33% 

### $31.14 $21.36 $31.45 $20.92 16 8 66.67% 33.33%

### $31.14 $21.36 $31.45 $20.92 16 8 66.67% 33.33%



### $0.00 $26.92 $0.00 $25.80 0 24 0.00% 100.00% 

### $33.19 $26.92 $33.72 $25.80 16 8 66.67% 33.33% 

### $33.61 $25.03 $34.69 $24.50 16 8 66.67% 33.33% 

### $36.41 $27.59 $37.40 $27.64 16 8 66.67% 33.33% 

### $37.88 $28.20 $39.75 $28.12 16 8 66.67% 33.33% 

### $35.29 $26.58 $36.52 $27.00 16 8 66.67% 33.33% 

### $35.29 $26.58 $36.52 $27.00 16 8 66.67% 33.33% 

### $0.00 $29.95 $0.00 $31.00 0 24 0.00% 100.00% 

### $38.32 $29.95 $39.08 $31.00 16 8 66.67% 33.33% 

### $36.64 $26.68 $36.72 $27.75 16 8 66.67% 33.33% 

### $36.80 $27.84 $36.48 $29.50 16 8 66.67% 33.33% 

### $35.44 $27.36 $35.67 $28.42 16 8 66.67% 33.33% 

### $33.99 $25.41 $33.51 $27.50 16 8 66.67% 33.33% 

### $33.99 $25.41 $33.51 $27.50 16 8 66.67% 33.33% 

### $0.00 $26.60 $0.00 $28.00 0 24 0.00% 100.00% 

### $35.75 $26.60 $35.20 $28.00 16 8 66.67% 33.33% 

### $37.00 $25.70 $39.57 $30.75 16 8 66.67% 33.33% 

### $39.91 $29.98 $41.75 $33.75 16 8 66.67% 33.33% 

### $39.91 $29.98 $41.75 $33.75 16 8 66.67% 33.33% 

### $35.04 $29.31 $35.04 $31.00 16 8 66.67% 33.33% 

### $35.04 $29.31 $35.04 $31.00 16 8 66.67% 33.33% 

### $0.00 $28.74 $0.00 $30.75 0 24 0.00% 100.00% 

### $34.25 $28.74 $35.08 $30.75 16 8 66.67% 33.33% 

### $33.91 $27.14 $35.13 $29.25 16 8 66.67% 33.33% 

### $32.84 $27.60 $32.28 $29.00 16 8 66.67% 33.33% 

### $32.63 $26.65 $32.51 $28.75 16 8 66.67% 33.33% 

### $30.77 $25.57 $31.42 $26.75 16 8 66.67% 33.33% 

### $30.77 $25.57 $31.42 $26.75 16 8 66.67% 33.33% 

### $0.00 $24.18 $0.00 $25.50 0 24 0.00% 100.00% 

### $30.19 $24.18 $30.73 $25.50 16 8 66.67% 33.33% 

### $29.50 $23.46 $29.77 $25.25 16 8 66.67% 33.33% 

### $29.51 $22.65 $29.92 $24.25 16 8 66.67% 33.33% 

### $29.12 $20.34 $29.58 $22.75 16 8 66.67% 33.33% 

### $27.21 $21.11 $27.32 $22.50 16 8 66.67% 33.33% 

### $27.21 $21.11 $27.32 $22.50 16 8 66.67% 33.33% 

### $0.00 $20.22 $0.00 $20.25 0 24 0.00% 100.00% 

### $27.54 $20.22 $28.11 $20.25 16 8 66.67% 33.33% 

### $28.28 $18.44 $27.03 $18.25 16 8 66.67% 33.33% 

### $28.60 $17.37 $27.42 $18.00 16 8 66.67% 33.33% 

### $28.50 $17.61 $27.83 $17.50 16 8 66.67% 33.33% 

### $28.57 $18.75 $28.10 $18.00 16 8 66.67% 33.33% 

### $28.57 $18.75 $28.10 $18.00 16 8 66.67% 33.33% 

### $0.00 $22.82 $0.00 $23.50 0 24 0.00% 100.00% 

### $30.06 $22.82 $31.81 $23.50 16 8 66.67% 33.33% 

### $32.55 $22.59 $33.86 $24.75 16 8 66.67% 33.33% 

### $32.17 $23.39 $33.75 $25.50 16 8 66.67% 33.33% 

### $31.99 $22.66 $32.85 $24.70 16 8 66.67% 33.33% 

### $28.31 $21.27 $28.75 $22.25 16 8 66.67% 33.33% 

### $28.31 $21.27 $28.75 $22.25 16 8 66.67% 33.33% 

### $0.00 $21.78 $0.00 $22.00 0 24 0.00% 100.00%

### $28.70 $21.78 $27.72 $22.00 16 8 66.67% 33.33%



### $28.36 $20.68 $28.25 $20.00 16 8 66.67% 33.33% 

### $28.60 $20.34 $28.72 $20.25 16 8 66.67% 33.33% 

### $28.62 $19.83 $28.42 $20.00 16 8 66.67% 33.33% 

### $26.83 $18.16 $27.15 $19.25 16 8 66.67% 33.33% 

### $26.83 $18.16 $27.15 $19.25 16 8 66.67% 33.33% 

### $0.00 $22.48 $0.00 $21.25 0 24 0.00% 100.00% 

### $30.90 $22.48 $30.00 $21.25 16 8 66.67% 33.33% 

### $30.72 $20.21 $30.58 $19.92 16 8 66.67% 33.33% 

### $29.86 $21.08 $29.93 $20.25 16 8 66.67% 33.33% 

### $30.80 $21.21 $31.00 $21.00 16 8 66.67% 33.33% 

### $29.87 $23.65 $30.39 $21.25 16 8 66.67% 33.33% 

### $29.87 $23.65 $30.39 $21.25 16 8 66.67% 33.33% 

### $0.00 $25.41 $0.00 $26.00 0 24 0.00% 100.00% 

### $31.09 $25.41 $30.56 $26.00 16 8 66.67% 33.33% 

### $27.62 $19.95 $27.63 $20.00 16 8 66.67% 33.33% 

### $28.81 $22.16 $29.80 $22.00 16 8 66.67% 33.33% 

### $27.74 $17.90 $27.00 $17.75 16 8 66.67% 33.33% 

### $26.90 $18.31 $25.85 $18.25 16 8 66.67% 33.33% 

### $26.90 $18.31 $25.85 $18.25 16 8 66.67% 33.33% 

### $0.00 $26.06 $0.00 $26.25 0 24 0.00% 100.00% 

### $30.04 $26.06 $30.00 $26.25 16 8 66.67% 33.33% 

### $31.04 $20.01 $31.04 $20.50 16 8 66.67% 33.33% 

### $28.09 $18.88 $28.48 $20.25 16 8 66.67% 33.33% 

### $28.09 $18.88 $28.48 $20.25 16 8 66.67% 33.33% 

### $26.94 $18.08 $27.00 $18.50 16 8 66.67% 33.33% 

### $26.94 $18.08 $27.00 $18.50 16 8 66.67% 33.33% 

### $0.00 $18.73 $0.00 $18.00 0 24 0.00% 100.00% 

### $26.75 $18.73 $26.00 $18.00 16 8 66.67% 33.33% 

### $25.33 $21.50 $24.36 $17.75 16 8 66.67% 33.33% 

### $24.31 $22.50 $24.75 $21.28 16 8 66.67% 33.33% 

### $27.73 $22.25 $27.75 $18.30 16 8 66.67% 33.33% 

### $24.91 $19.52 $24.75 $18.21 16 8 66.67% 33.33% 

### $24.91 $19.52 $24.75 $18.21 16 8 66.67% 33.33% 

### $0.00 $22.00 $0.00 $20.75 0 24 0.00% 100.00% 

### $32.86 $22.00 $33.05 $20.75 16 8 66.67% 33.33% 

### $30.43 $15.63 $32.22 $15.82 16 8 66.67% 33.33% 

### $28.17 $17.00 $27.79 $15.53 16 8 66.67% 33.33% 

### $26.97 $15.42 $25.25 $13.75 16 8 66.67% 33.33% 

### $26.10 $14.00 $23.03 $13.25 16 8 66.67% 33.33% 

### $26.10 $14.00 $23.03 $13.25 16 8 66.67% 33.33% 

### $0.00 $17.04 $0.00 $16.50 0 24 0.00% 100.00% 

### $26.83 $17.04 $25.25 $16.50 16 8 66.67% 33.33% 

### $25.10 $14.59 $24.25 $14.00 16 8 66.67% 33.33% 

### $26.46 $15.14 $26.75 $13.50 16 8 66.67% 33.33% 

### $28.29 $19.75 $28.50 $18.00 16 8 66.67% 33.33% 

### $28.03 $20.30 $26.64 $19.03 16 8 66.67% 33.33% 

### $28.03 $20.30 $26.64 $19.03 16 8 66.67% 33.33% 

### $0.00 $21.45 $0.00 $18.57 0 24 0.00% 100.00% 

### $26.40 $21.45 $26.02 $18.57 16 8 66.67% 33.33% 

### $28.21 $18.32 $27.25 $16.66 16 8 66.67% 33.33%

### $30.02 $18.02 $34.61 $18.50 16 8 66.67% 33.33%



### $33.11 $18.63 $34.00 $18.75 16 8 66.67% 33.33% 

### $34.60 $20.65 $33.19 $19.02 16 8 66.67% 33.33% 

### $34.60 $20.65 $33.19 $19.02 16 8 66.67% 33.33% 

### $0.00 $28.75 $0.00 $28.00 0 24 0.00% 100.00% 

### $41.18 $28.75 $42.00 $28.00 16 8 66.67% 33.33% 

### $43.57 $23.60 $42.73 $22.61 16 8 66.67% 33.33% 

### $46.64 $24.48 $46.00 $24.00 16 8 66.67% 33.33% 

### $46.17 $24.15 $44.25 $20.75 16 8 66.67% 33.33% 

### $38.96 $23.14 $38.00 $20.59 16 8 66.67% 33.33% 

### $38.96 $23.14 $38.00 $20.59 16 8 66.67% 33.33% 

### $0.00 $32.20 $0.00 $32.75 0 24 0.00% 100.00% 

### $45.72 $32.20 $46.00 $32.75 16 8 66.67% 33.33% 

### $38.41 $20.47 $39.00 $17.71 16 8 66.67% 33.33% 

### $34.79 $22.49 $34.25 $18.67 16 8 66.67% 33.33% 

### $34.79 $22.49 $34.25 $18.67 16 8 66.67% 33.33% 

### $31.89 $19.56 $30.75 $17.62 16 8 66.67% 33.33% 

### $31.89 $19.56 $30.75 $17.62 16 8 66.67% 33.33% 

### $0.00 $22.89 $0.00 $21.50 0 24 0.00% 100.00% 

### $0.00 $22.89 $0.00 $21.50 0 24 0.00% 100.00% 

### $28.19 $16.14 $27.36 $15.50 16 8 66.67% 33.33% 

### $30.71 $15.53 $28.21 $14.00 16 8 66.67% 33.33% 

### $30.71 $15.53 $28.21 $14.00 16 8 66.67% 33.33% 

### $28.55 $15.85 $28.25 $13.65 16 8 66.67% 33.33% 

### $28.55 $15.85 $28.25 $13.65 16 8 66.67% 33.33% 

### $0.00 $20.50 $0.00 $20.50 0 24 0.00% 100.00% 

### $31.57 $18.28 $31.00 $17.00 16 8 66.67% 33.33% 

### $28.19 $13.49 $27.50 $14.22 16 8 66.67% 33.33% 

### $30.36 $9.00 $30.25 $8.19 16 8 66.67% 33.33% 

### $27.98 $11.00 $27.50 $8.25 16 8 66.67% 33.33% 

### $26.88 $11.00 $26.74 $8.10 16 8 66.67% 33.33% 

### $26.88 $11.00 $26.74 $8.10 16 8 66.67% 33.33% 

### $0.00 $14.05 $0.00 $10.98 0 24 0.00% 100.00% 

### $27.66 $14.05 $26.25 $10.98 16 8 66.67% 33.33% 

### $25.51 $11.75 $25.46 $7.83 16 8 66.67% 33.33% 

### $24.22 $11.50 $24.00 $9.70 16 8 66.67% 33.33% 

### $24.72 $10.75 $24.25 $11.25 16 8 66.67% 33.33% 

### $24.11 $12.00 $23.43 $11.50 16 8 66.67% 33.33% 

### $24.11 $12.00 $23.43 $11.50 16 8 66.67% 33.33% 

### $0.00 $18.09 $0.00 $17.75 0 24 0.00% 100.00% 

### $25.21 $18.09 $25.00 $17.75 16 8 66.67% 33.33% 

### $27.67 $17.69 $27.75 $16.96 16 8 66.67% 33.33% 

### $30.40 $18.75 $29.00 $17.50 16 8 66.67% 33.33% 

### $32.33 $18.50 $31.50 $17.25 16 8 66.67% 33.33% 

### $31.06 $15.50 $29.35 $13.00 16 8 66.67% 33.33% 

### $31.06 $15.50 $29.35 $13.00 16 8 66.67% 33.33% 

### $0.00 $22.17 $0.00 $21.50 0 24 0.00% 100.00% 

### $31.51 $22.17 $30.00 $21.50 16 8 66.67% 33.33% 

### $30.70 $16.88 $30.25 $14.00 16 8 66.67% 33.33% 

### $32.06 $20.50 $31.00 $17.00 16 8 66.67% 33.33% 

### $30.65 $19.27 $31.25 $19.25 16 8 66.67% 33.33%

### $30.56 $19.75 $30.00 $18.25 16 8 66.67% 33.33%



### $30.56 $19.75 $30.00 $18.25 16 8 66.67% 33.33% 

### $0.00 $24.00 $0.00 $22.00 0 24 0.00% 100.00% 

### $33.87 $24.00 $34.00 $22.00 16 8 66.67% 33.33% 

### $36.67 $23.75 $38.25 $22.25 16 8 66.67% 33.33% 

### $36.62 $22.33 $38.50 $21.25 16 8 66.67% 33.33% 

### $36.62 $22.33 $38.50 $21.25 16 8 66.67% 33.33% 

### $33.67 $22.45 $34.89 $23.50 16 8 66.67% 33.33% 

### $0.00 $22.45 $0.00 $23.50 0 24 0.00% 100.00% 

### $0.00 $22.59 $0.00 $24.75 0 24 0.00% 100.00% 

### $31.27 $22.59 $33.14 $24.75 16 8 66.67% 33.33% 

### $31.77 $18.27 $33.31 $19.50 16 8 66.67% 33.33% 

### $33.25 $17.91 $33.50 $18.38 16 8 66.67% 33.33% 

### $31.69 $17.19 $31.97 $16.81 16 8 66.67% 33.33% 

### $32.39 $18.00 $33.25 $18.00 16 8 66.67% 33.33% 

### $32.39 $18.00 $33.25 $18.00 16 8 66.67% 33.33% 

### $0.00 $23.65 $0.00 $22.25 0 24 0.00% 100.00% 

### $36.57 $23.65 $38.39 $22.25 16 8 66.67% 33.33% 

### $41.20 $21.05 $42.75 $25.58 16 8 66.67% 33.33% 

### $44.48 $20.87 $45.25 $25.13 16 8 66.67% 33.33% 

### $44.86 $22.21 $45.75 $25.38 16 8 66.67% 33.33% 

### $41.06 $21.60 $42.25 $24.00 16 8 66.67% 33.33% 

### $41.06 $21.60 $42.25 $24.00 16 8 66.67% 33.33% 

### $0.00 $28.15 $0.00 $32.00 0 24 0.00% 100.00% 

### $43.56 $28.15 $45.64 $32.00 16 8 66.67% 33.33% 

### $47.70 $24.51 $51.00 $27.69 16 8 66.67% 33.33% 

### $47.11 $25.32 $47.25 $27.59 16 8 66.67% 33.33% 

### $44.81 $22.97 $46.00 $26.00 16 8 66.67% 33.33% 

### $43.65 $23.95 $45.00 $25.50 16 8 66.67% 33.33% 

### $43.65 $23.95 $45.00 $25.50 16 8 66.67% 33.33% 

### $0.00 $31.18 $0.00 $38.50 0 24 0.00% 100.00% 

### $44.65 $31.18 $45.75 $38.50 16 8 66.67% 33.33% 

### $46.09 $24.50 $49.06 $23.33 16 8 66.67% 33.33% 

### $42.52 $22.11 $44.50 $22.77 16 8 66.67% 33.33% 

### $42.52 $22.11 $44.50 $22.77 16 8 66.67% 33.33% 

### $38.94 $20.80 $39.00 $22.09 16 8 66.67% 33.33% 

### $36.25 $20.23 $38.70 $21.25 16 8 66.67% 33.33% 

### $0.00 $30.46 $0.00 $29.75 0 24 0.00% 100.00% 

### $37.80 $30.46 $39.00 $29.75 16 8 66.67% 33.33% 

### $39.28 $21.75 $41.50 $22.01 16 8 66.67% 33.33% 

### $38.52 $22.26 $40.49 $22.69 16 8 66.67% 33.33% 

### $37.38 $22.69 $42.00 $23.01 16 8 66.67% 33.33% 

### $36.14 $24.68 $40.00 $24.94 16 8 66.67% 33.33% 

### $36.14 $24.68 $40.00 $24.94 16 8 66.67% 33.33% 

### $0.00 $28.70 $0.00 $28.38 0 24 0.00% 100.00% 

### $38.32 $28.70 $39.71 $28.38 16 8 66.67% 33.33% 

### $41.45 $23.04 $42.90 $23.00 16 8 66.67% 33.33% 

### $38.72 $23.16 $40.00 $23.00 16 8 66.67% 33.33% 

### $34.93 $22.32 $40.58 $23.00 16 8 66.67% 33.33% 

### $32.38 $21.61 $36.95 $22.50 16 8 66.67% 33.33% 

### $32.38 $21.61 $36.95 $22.50 16 8 66.67% 33.33%

### $0.00 $25.46 $0.00 $26.00 0 24 0.00% 100.00%



### $33.79 $25.46 $37.57 $26.00 16 8 66.67% 33.33% 

### $31.58 $19.89 $34.24 $20.75 16 8 66.67% 33.33% 

### $31.47 $20.04 $33.65 $20.80 16 8 66.67% 33.33% 

### $31.53 $19.66 $34.00 $19.90 16 8 66.67% 33.33% 

### $29.44 $19.04 $32.00 $19.50 16 8 66.67% 33.33% 

### $29.44 $19.04 $32.00 $19.50 16 8 66.67% 33.33% 

### $0.00 $21.58 $0.00 $24.00 0 24 0.00% 100.00% 

### $28.28 $21.58 $33.25 $24.00 16 8 66.67% 33.33% 

### $27.12 $16.95 $29.38 $18.83 16 8 66.67% 33.33% 

### $30.57 $18.70 $32.92 $19.25 16 8 66.67% 33.33% 

### $34.08 $19.60 $34.20 $19.00 16 8 66.67% 33.33% 

### $33.54 $17.76 $34.00 $18.38 16 8 66.67% 33.33% 

### $33.54 $17.76 $34.00 $18.38 16 8 66.67% 33.33% 

### $0.00 $22.68 $0.00 $24.25 0 24 0.00% 100.00% 

### $32.79 $22.68 $34.25 $24.25 16 8 66.67% 33.33% 

### $31.24 $18.67 $34.08 $19.00 16 8 66.67% 33.33% 

### $30.32 $17.74 $33.63 $18.75 16 8 66.67% 33.33% 

### $30.32 $17.74 $33.63 $18.75 16 8 66.67% 33.33% 

### $26.16 $16.65 $28.43 $17.00 16 8 66.67% 33.33% 

### $26.16 $16.65 $28.43 $17.00 16 8 66.67% 33.33% 

### $0.00 $17.23 $0.00 $19.00 0 24 0.00% 100.00% 

### $0.00 $17.23 $0.00 $19.00 0 24 0.00% 100.00% 

### $24.36 $14.97 $26.25 $15.25 16 8 66.67% 33.33% 

### $25.72 $15.35 $28.25 $15.50 16 8 66.67% 33.33% 

### $28.92 $16.10 $30.96 $16.00 16 8 66.67% 33.33% 

### $27.63 $17.00 $31.56 $17.00 16 8 66.67% 33.33% 

### $27.63 $17.00 $31.56 $17.00 16 8 66.67% 33.33% 

### $0.00 $24.27 $0.00 $26.00 0 24 0.00% 100.00% 

### $30.73 $24.27 $33.59 $26.00 16 8 66.67% 33.33% 

### $26.81 $19.75 $28.93 $17.75 16 8 66.67% 33.33% 

### $32.60 $22.63 $36.03 $23.94 16 8 66.67% 33.33% 

### $34.75 $21.84 $36.59 $24.00 16 8 66.67% 33.33% 

### $36.13 $22.03 $37.50 $22.25 16 8 66.67% 33.33% 

### $36.13 $22.03 $37.50 $22.25 16 8 66.67% 33.33% 

### $0.00 $26.45 $0.00 $27.50 0 24 0.00% 100.00% 

### $36.39 $26.45 $38.85 $27.50 16 8 66.67% 33.33% 

### $32.93 $20.05 $37.24 $22.00 16 8 66.67% 33.33% 

### $34.02 $20.22 $38.25 $22.39 16 8 66.67% 33.33% 

### $30.80 $18.71 $33.38 $21.00 16 8 66.67% 33.33% 

### $33.33 $18.95 $33.98 $19.00 16 8 66.67% 33.33% 

### $33.33 $18.95 $33.98 $19.00 16 8 66.67% 33.33% 

### $0.00 $28.21 $0.00 $27.29 0 24 0.00% 100.00% 

### $35.12 $28.21 $34.53 $27.29 16 8 66.67% 33.33% 

### $33.08 $22.11 $34.13 $20.25 16 8 66.67% 33.33% 

### $32.11 $21.74 $32.78 $20.00 16 8 66.67% 33.33% 

### $31.22 $19.93 $34.25 $20.25 16 8 66.67% 33.33% 

### $29.98 $21.75 $31.41 $20.00 16 8 66.67% 33.33% 

### $29.98 $21.75 $31.41 $20.00 16 8 66.67% 33.33% 

### $0.00 $19.61 $0.00 $18.50 0 24 0.00% 100.00% 

### $26.14 $19.61 $26.64 $18.50 16 8 66.67% 33.33%

### $27.53 $19.05 $28.01 $16.84 16 8 66.67% 33.33%



### $30.51 $21.46 $30.69 $20.63 16 8 66.67% 33.33% 

### $35.65 $24.47 $37.63 $25.00 16 8 66.67% 33.33% 

### $41.95 $30.25 $42.00 $28.75 16 8 66.67% 33.33% 

### $41.95 $30.25 $42.00 $28.75 16 8 66.67% 33.33% 

### $0.00 $30.94 $0.00 $28.00 0 24 0.00% 100.00% 

### $37.85 $30.94 $39.00 $28.00 16 8 66.67% 33.33% 

### $37.69 $28.46 $38.85 $25.50 16 8 66.67% 33.33% 

### $37.64 $27.25 $37.34 $24.17 16 8 66.67% 33.33% 

### $37.39 $26.04 $37.31 $22.78 16 8 66.67% 33.33% 

### $38.32 $27.59 $38.50 $22.05 16 8 66.67% 33.33% 

### $38.32 $27.59 $38.50 $22.05 16 8 66.67% 33.33% 

### $0.00 $32.08 $0.00 $26.07 0 24 0.00% 100.00% 

### $39.31 $32.08 $39.00 $26.07 16 8 66.67% 33.33% 

### $41.49 $29.32 $42.27 $21.38 16 8 66.67% 33.33% 

### $44.32 $30.65 $42.36 $21.00 16 8 66.67% 33.33% 

### $46.18 $31.22 $44.32 $22.98 16 8 66.67% 33.33% 

### $47.18 $31.21 $45.40 $25.19 16 8 66.67% 33.33% 

### $47.18 $31.21 $45.40 $25.19 16 8 66.67% 33.33% 

### $0.00 $38.74 $0.00 $33.24 0 24 0.00% 100.00% 

### $47.24 $38.74 $44.73 $33.24 16 8 66.67% 33.33% 

### $43.59 $31.22 $41.73 $26.75 16 8 66.67% 33.33% 

### $41.88 $29.29 $39.46 $24.75 16 8 66.67% 33.33% 

### $43.58 $30.91 $41.45 $24.50 16 8 66.67% 33.33% 

### $38.62 $29.64 $37.47 $28.25 16 8 66.67% 33.33% 

### $38.62 $29.64 $37.47 $28.25 16 8 66.67% 33.33% 

### $0.00 $32.40 $0.00 $31.75 0 24 0.00% 100.00% 

### $38.72 $32.40 $39.57 $31.75 16 8 66.67% 33.33% 

### $41.34 $30.74 $37.35 $21.72 16 8 66.67% 33.33% 

### $41.59 $29.77 $37.75 $23.50 16 8 66.67% 33.33% 

### $42.05 $29.36 $37.24 $23.03 16 8 66.67% 33.33% 

### $36.25 $24.50 $30.02 $18.56 16 8 66.67% 33.33% 

### $36.25 $24.50 $30.02 $18.56 16 8 66.67% 33.33% 

### $0.00 $28.53 $0.00 $26.08 0 24 0.00% 100.00% 

### $35.02 $28.53 $34.79 $26.08 16 8 66.67% 33.33% 

### $36.53 $28.40 $37.94 $26.00 16 8 66.67% 33.33% 

### $33.94 $25.43 $35.50 $22.43 16 8 66.67% 33.33% 

### $33.94 $25.43 $35.50 $22.43 16 8 66.67% 33.33% 

### $28.99 $20.58 $29.50 $20.25 16 8 66.67% 33.33% 

### $28.99 $20.58 $29.50 $20.25 16 8 66.67% 33.33% 

### $0.00 $22.10 $0.00 $22.27 0 24 0.00% 100.00% 

### $25.83 $22.10 $28.90 $22.27 16 8 66.67% 33.33% 

### $26.64 $19.78 $26.63 $18.50 16 8 66.67% 33.33% 

### $33.57 $25.03 $32.79 $24.25 16 8 66.67% 33.33% 

### $34.67 $27.02 $35.00 $26.45 16 8 66.67% 33.33% 

### $34.31 $24.66 $34.78 $25.50 16 8 66.67% 33.33% 

### $34.31 $24.66 $34.78 $25.50 16 8 66.67% 33.33% 

### $0.00 $29.77 $0.00 $27.00 0 24 0.00% 100.00% 

### $31.53 $29.77 $32.94 $27.00 16 8 66.67% 33.33% 

### $33.89 $26.53 $32.43 $23.50 16 8 66.67% 33.33% 

### $33.89 $26.53 $32.43 $23.50 16 8 66.67% 33.33%

### $0.00 $24.92 $0.00 $21.50 0 24 0.00% 100.00%



### $29.00 $24.92 $26.85 $21.50 16 8 66.67% 33.33% 

### $29.00 $24.92 $26.85 $21.50 16 8 66.67% 33.33% 

### $0.00 $25.87 $0.00 $21.75 0 24 0.00% 100.00% 

### $29.96 $25.87 $27.86 $21.75 16 8 66.67% 33.33% 

### $41.83 $33.06 $43.00 $32.75 16 8 66.67% 33.33% 

### $42.14 $32.37 $44.00 $32.25 16 8 66.67% 33.33% 

### $43.29 $33.84 $45.00 $34.00 16 8 66.67% 33.33% 

### $42.62 $33.27 $46.75 $35.50 16 8 66.67% 33.33% 

### $42.62 $33.27 $46.75 $35.50 16 8 66.67% 33.33% 

### $0.00 $36.48 $0.00 $37.63 0 24 0.00% 100.00% 

### $42.67 $36.48 $48.00 $37.63 16 8 66.67% 33.33% 

### $47.51 $35.54 $52.25 $38.25 16 8 66.67% 33.33% 

### $59.73 $44.97 $66.67 $48.00 16 8 66.67% 33.33% 

### $53.91 $42.34 $59.00 $39.93 16 8 66.67% 33.33% 

### $48.08 $40.81 $53.90 $40.25 16 8 66.67% 33.33% 

### $48.08 $40.81 $53.90 $40.25 16 8 66.67% 33.33% 

### $0.00 $38.23 $0.00 $38.78 0 24 0.00% 100.00% 

### $47.52 $38.23 $51.00 $38.78 16 8 66.67% 33.33% 

### $48.33 $35.11 $50.50 $33.75 16 8 66.67% 33.33% 

### $47.69 $33.72 $48.75 $31.75 16 8 66.67% 33.33% 

### $46.82 $32.74 $48.00 $32.00 16 8 66.67% 33.33% 

### $46.99 $32.03 $47.25 $35.00 16 8 66.67% 33.33% 

### $46.99 $32.03 $47.25 $35.00 16 8 66.67% 33.33% 

### $0.00 $38.71 $0.00 $41.75 0 24 0.00% 100.00% 

### $49.03 $38.71 $51.25 $41.75 16 8 66.67% 33.33% 

### $47.27 $34.68 $50.50 $36.00 16 8 66.67% 33.33% 

### $47.27 $34.68 $50.50 $36.00 16 8 66.67% 33.33% 

### $45.67 $40.33 $44.00 $38.50 16 8 66.67% 33.33% 

### $0.00 $40.33 $0.00 $38.50 0 24 0.00% 100.00% 

### $45.67 $40.33 $44.00 $38.50 16 8 66.67% 33.33% 

### $0.00 $39.11 $0.00 $39.75 0 24 0.00% 100.00% 

### $48.03 $39.11 $48.25 $39.75 16 8 66.67% 33.33% 

### $51.11 $37.75 $51.50 $36.50 16 8 66.67% 33.33% 

### $52.25 $36.36 $52.25 $35.00 16 8 66.67% 33.33% 

### $52.25 $36.36 $52.25 $35.00 16 8 66.67% 33.33% 

### $0.00 $35.37 $0.00 $34.25 0 24 0.00% 100.00% 

### $44.03 $35.37 $42.25 $34.25 16 8 66.67% 33.33% 

### $0.00 $33.60 $0.00 $34.75 0 24 0.00% 100.00% 

### $47.21 $33.60 $46.75 $34.75 16 8 66.67% 33.33% 

### $49.67 $36.74 $50.00 $38.50 16 8 66.67% 33.33% 

### $49.18 $35.16 $49.75 $37.75 16 8 66.67% 33.33% 

### $48.35 $33.56 $48.50 $34.25 16 8 66.67% 33.33% 

### $53.38 $38.64 $55.50 $43.25 16 8 66.67% 33.33% 

### $53.38 $38.64 $55.50 $43.25 16 8 66.67% 33.33% 

### $0.00 $38.05 $0.00 $38.25 0 24 0.00% 100.00% 

### $47.17 $38.05 $47.00 $38.25 16 8 66.67% 33.33% 

### $46.24 $34.83 $46.00 $34.75 16 8 66.67% 33.33% 

### $48.41 $37.02 $47.21 $37.50 16 8 66.67% 33.33% 

### $48.41 $37.02 $47.21 $37.50 16 8 66.67% 33.33% 

### $46.76 $34.98 $44.15 $34.14 16 8 66.67% 33.33%

### $46.76 $34.98 $44.15 $34.14 16 8 66.67% 33.33%



### $0.00 $39.83 $0.00 $38.25 0 24 0.00% 100.00% 

### $47.50 $39.83 $46.00 $38.25 16 8 66.67% 33.33% 

### $49.10 $36.15 $47.25 $36.00 16 8 66.67% 33.33% 

### $49.17 $35.68 $47.50 $35.75 16 8 66.67% 33.33% 

### $48.05 $37.52 $49.50 $39.00 16 8 66.67% 33.33% 

### $46.25 $35.50 $46.50 $35.00 16 8 66.67% 33.33% 

### $46.25 $35.50 $46.50 $35.00 16 8 66.67% 33.33% 

### $0.00 $39.17 $0.00 $37.50 0 24 0.00% 100.00% 

### $48.27 $39.17 $48.25 $37.50 16 8 66.67% 33.33% 

### $49.00 $35.03 $47.00 $36.00 16 8 66.67% 33.33% 

### $45.90 $33.87 $47.25 $34.75 16 8 66.67% 33.33% 

### $45.90 $33.87 $47.25 $34.75 16 8 66.67% 33.33% 

### $42.66 $33.34 $42.50 $33.25 16 8 66.67% 33.33% 

### $42.66 $33.34 $42.50 $33.25 16 8 66.67% 33.33% 

### $0.00 $37.22 $0.00 $36.25 0 24 0.00% 100.00% 

### $43.33 $32.15 $43.00 $33.00 16 8 66.67% 33.33% 

### $45.42 $33.07 $46.00 $34.50 16 8 66.67% 33.33% 

### $47.71 $34.75 $49.50 $39.50 16 8 66.67% 33.33% 

### $48.94 $35.89 $50.50 $39.00 16 8 66.67% 33.33% 

### $48.73 $36.36 $47.25 $36.50 16 8 66.67% 33.33% 

### $48.73 $36.36 $47.25 $36.50 16 8 66.67% 33.33% 

### $0.00 $40.11 $0.00 $38.25 0 24 0.00% 100.00% 

### $51.97 $40.11 $51.50 $38.25 16 8 66.67% 33.33% 

### $50.08 $38.48 $50.75 $39.25 16 8 66.67% 33.33% 

### $49.82 $38.50 $50.50 $39.50 16 8 66.67% 33.33% 

### $49.82 $38.50 $50.50 $39.50 16 8 66.67% 33.33% 

### $50.25 $39.06 $48.75 $40.00 16 8 66.67% 33.33% 

### $50.25 $39.06 $48.75 $40.00 16 8 66.67% 33.33% 

### $0.00 $42.75 $0.00 $41.75 0 24 0.00% 100.00% 

### $48.82 $42.75 $47.50 $41.75 16 8 66.67% 33.33% 

### $46.74 $34.71 $47.00 $35.00 16 8 66.67% 33.33% 

### $47.31 $33.66 $46.50 $34.50 16 8 66.67% 33.33% 

### $45.50 $34.00 $45.25 $35.75 16 8 66.67% 33.33% 

### $42.48 $32.39 $41.50 $32.50 16 8 66.67% 33.33% 

### $42.48 $32.39 $41.50 $32.50 16 8 66.67% 33.33% 

### $0.00 $35.64 $0.00 $35.00 0 24 0.00% 100.00% 

### $41.80 $35.64 $42.00 $35.00 16 8 66.67% 33.33% 

### $41.77 $32.75 $42.25 $34.50 16 8 66.67% 33.33% 

### $42.44 $33.26 $43.25 $34.75 16 8 66.67% 33.33% 

### $42.44 $33.26 $43.25 $34.75 16 8 66.67% 33.33% 

### $43.07 $33.00 $43.00 $33.50 16 8 66.67% 33.33% 

### $43.07 $33.00 $43.00 $33.50 16 8 66.67% 33.33% 

### $0.00 $37.50 $0.00 $38.00 0 24 0.00% 100.00% 

### $42.73 $31.90 $46.50 $32.50 16 8 66.67% 33.33% 

### $43.09 $31.77 $46.75 $34.00 16 8 66.67% 33.33% 

### $43.50 $32.64 $46.50 $33.75 16 8 66.67% 33.33% 

### $44.08 $31.98 $46.75 $32.50 16 8 66.67% 33.33% 

### $42.38 $32.00 $44.50 $32.75 16 8 66.67% 33.33% 

### $42.38 $32.00 $44.50 $32.75 16 8 66.67% 33.33% 

### $0.00 $34.99 $0.00 $34.75 0 24 0.00% 100.00%

### $41.37 $34.99 $43.00 $34.75 16 8 66.67% 33.33%



### $43.72 $34.49 $47.50 $36.75 16 8 66.67% 33.33% 

### $42.44 $35.02 $46.25 $37.00 16 8 66.67% 33.33% 

### $42.45 $33.80 $46.50 $35.00 16 8 66.67% 33.33% 

### $42.48 $34.17 $43.50 $34.25 16 8 66.67% 33.33% 

### $42.48 $34.17 $43.50 $34.25 16 8 66.67% 33.33% 

### $0.00 $38.00 $0.00 $38.50 0 24 0.00% 100.00% 

### $44.11 $38.00 $45.00 $38.50 16 8 66.67% 33.33% 

### $41.34 $32.50 $44.00 $34.25 16 8 66.67% 33.33% 

### $45.55 $32.59 $45.00 $33.25 16 8 66.67% 33.33% 

### $44.67 $31.51 $44.50 $30.50 16 8 66.67% 33.33% 

### $38.36 $28.61 $39.25 $29.75 16 8 66.67% 33.33% 

### $38.36 $28.61 $39.25 $29.75 16 8 66.67% 33.33% 

### $0.00 $30.21 $0.00 $30.75 0 24 0.00% 100.00% 

### $38.31 $30.21 $39.50 $30.75 16 8 66.67% 33.33% 

### $38.63 $26.92 $40.00 $27.25 16 8 66.67% 33.33% 

### $39.77 $27.38 $42.00 $28.25 16 8 66.67% 33.33% 

### $38.16 $25.20 $39.25 $27.00 16 8 66.67% 33.33% 

### $37.72 $25.38 $38.00 $25.25 16 8 66.67% 33.33% 

### $37.72 $25.38 $38.00 $25.25 16 8 66.67% 33.33% 

### $0.00 $30.59 $0.00 $32.50 0 24 0.00% 100.00% 

### $38.67 $30.59 $39.50 $32.50 16 8 66.67% 33.33% 

### $37.98 $26.81 $39.25 $27.00 16 8 66.67% 33.33% 

### $37.71 $26.53 $39.75 $27.25 16 8 66.67% 33.33% 

### $35.27 $25.39 $31.00 $20.81 16 8 66.67% 33.33% 

### $35.27 $25.39 $31.00 $20.81 16 8 66.67% 33.33% 

### $35.27 $25.39 $31.00 $20.81 16 8 66.67% 33.33% 

### $0.00 $27.23 $0.00 $27.00 0 24 0.00% 100.00% 

### $35.38 $27.23 $35.75 $27.00 16 8 66.67% 33.33% 

### $35.07 $24.16 $33.75 $24.67 16 8 66.67% 33.33% 

### $36.93 $27.49 $38.00 $29.25 16 8 66.67% 33.33% 

### $38.65 $28.66 $39.00 $29.00 16 8 66.67% 33.33% 

### $37.76 $28.99 $40.00 $29.50 16 8 66.67% 33.33% 

### $37.76 $28.99 $40.00 $29.50 16 8 66.67% 33.33% 

### $0.00 $30.80 $0.00 $32.00 0 24 0.00% 100.00% 

### $37.66 $30.80 $39.50 $32.00 16 8 66.67% 33.33% 

### $37.14 $26.77 $37.50 $27.00 16 8 66.67% 33.33% 

### $37.07 $26.80 $38.75 $27.75 16 8 66.67% 33.33% 

### $38.99 $29.51 $41.00 $30.00 16 8 66.67% 33.33% 

### $35.99 $27.24 $36.50 $27.25 16 8 66.67% 33.33% 

### $35.99 $27.24 $36.50 $27.25 16 8 66.67% 33.33% 

### $0.00 $27.76 $0.00 $28.50 0 24 0.00% 100.00% 

### $35.56 $27.76 $37.50 $28.50 16 8 66.67% 33.33% 

### $34.68 $26.08 $38.50 $27.50 16 8 66.67% 33.33% 

### $34.65 $25.30 $37.50 $27.00 16 8 66.67% 33.33% 

### $32.68 $27.17 $35.25 $28.50 16 8 66.67% 33.33% 

### $32.67 $26.59 $34.25 $26.75 16 8 66.67% 33.33% 

### $32.67 $26.59 $34.25 $26.75 16 8 66.67% 33.33% 

### $0.00 $29.00 $0.00 $29.00 0 24 0.00% 100.00% 

### $34.88 $29.00 $36.00 $29.00 16 8 66.67% 33.33% 

### $36.34 $26.93 $38.00 $27.75 16 8 66.67% 33.33%

### $35.37 $26.28 $37.50 $28.50 16 8 66.67% 33.33%



### $35.37 $26.28 $37.50 $28.50 16 8 66.67% 33.33% 

### $33.55 $24.25 $32.50 $25.25 16 8 66.67% 33.33% 

### $32.23 $23.11 $31.75 $23.25 16 8 66.67% 33.33% 

### $0.00 $26.42 $0.00 $26.40 0 24 0.00% 100.00% 

### $35.00 $26.42 $32.75 $26.40 16 8 66.67% 33.33% 

### $34.08 $23.75 $32.00 $22.25 16 8 66.67% 33.33% 

### $35.57 $25.64 $36.50 $24.50 16 8 66.67% 33.33% 

### $34.18 $26.60 $33.00 $24.25 16 8 66.67% 33.33% 

### $32.76 $26.77 $31.25 $25.25 16 8 66.67% 33.33% 

### $32.76 $26.77 $31.25 $25.25 16 8 66.67% 33.33% 

### $0.00 $27.65 $0.00 $27.00 0 24 0.00% 100.00% 

### $34.31 $27.65 $30.50 $27.00 16 8 66.67% 33.33% 

### $34.43 $24.90 $34.00 $24.25 16 8 66.67% 33.33% 

### $34.60 $24.37 $34.25 $24.00 16 8 66.67% 33.33% 

### $34.31 $24.34 $32.75 $23.75 16 8 66.67% 33.33% 

### $34.62 $25.08 $34.25 $24.75 16 8 66.67% 33.33% 

### $34.62 $25.08 $34.25 $24.75 16 8 66.67% 33.33% 

### $0.00 $29.11 $0.00 $29.50 0 24 0.00% 100.00% 

### $37.52 $29.11 $37.50 $29.50 16 8 66.67% 33.33% 

### $36.25 $25.81 $36.50 $23.75 16 8 66.67% 33.33% 

### $37.60 $25.42 $33.50 $24.25 16 8 66.67% 33.33% 

### $35.83 $23.04 $33.75 $20.00 16 8 66.67% 33.33% 

### $34.58 $20.05 $31.50 $17.25 16 8 66.67% 33.33% 

### $34.58 $20.05 $31.50 $17.25 16 8 66.67% 33.33% 

### $0.00 $24.19 $0.00 $20.50 0 24 0.00% 100.00% 

### $33.98 $24.19 $31.75 $20.50 16 8 66.67% 33.33% 

### $33.33 $21.58 $31.25 $16.75 16 8 66.67% 33.33% 

### $34.36 $23.66 $30.00 $18.00 16 8 66.67% 33.33% 

### $34.36 $23.66 $30.00 $18.00 16 8 66.67% 33.33% 

### $32.00 $22.63 $29.25 $17.75 16 8 66.67% 33.33% 

### $32.00 $22.63 $29.25 $17.75 16 8 66.67% 33.33% 

### $0.00 $29.95 $0.00 $27.50 0 24 0.00% 100.00% 

### $0.00 $29.95 $0.00 $27.50 0 24 0.00% 100.00% 

### $35.73 $23.40 $36.00 $21.53 16 8 66.67% 33.33% 

### $34.08 $19.40 $31.25 $16.25 16 8 66.67% 33.33% 

### $33.23 $18.12 $32.00 $16.14 16 8 66.67% 33.33% 

### $33.78 $15.72 $32.25 $14.25 16 8 66.67% 33.33% 

### $33.78 $15.72 $32.25 $14.25 16 8 66.67% 33.33% 

### $0.00 $29.72 $0.00 $26.00 0 24 0.00% 100.00% 

### $43.96 $29.72 $42.75 $26.00 16 8 66.67% 33.33% 

### $38.21 $16.66 $39.25 $14.00 16 8 66.67% 33.33% 

### $37.03 $14.99 $37.25 $15.50 16 8 66.67% 33.33% 

### $34.37 $14.56 $32.75 $15.00 16 8 66.67% 33.33% 

### $29.22 $13.10 $28.50 $14.50 16 8 66.67% 33.33% 

### $29.22 $13.10 $28.50 $14.50 16 8 66.67% 33.33% 

### $0.00 $18.86 $0.00 $18.25 0 24 0.00% 100.00% 

### $35.67 $18.86 $35.75 $18.25 16 8 66.67% 33.33% 

### $36.89 $16.54 $38.25 $14.25 16 8 66.67% 33.33% 

### $36.75 $15.70 $35.75 $12.75 16 8 66.67% 33.33% 

### $36.35 $15.12 $36.25 $13.00 16 8 66.67% 33.33%

### $33.53 $14.86 $33.50 $12.25 16 8 66.67% 33.33%



### $33.53 $14.86 $33.50 $12.25 16 8 66.67% 33.33% 

### $0.00 $21.04 $0.00 $17.00 0 24 0.00% 100.00% 

### $36.99 $21.04 $37.50 $17.00 16 8 66.67% 33.33% 

### $37.19 $16.90 $40.50 $15.75 16 8 66.67% 33.33% 

### $38.24 $19.25 $45.00 $17.00 16 8 66.67% 33.33% 

### $39.13 $19.90 $43.50 $15.00 16 8 66.67% 33.33% 

### $36.42 $20.48 $38.00 $15.50 16 8 66.67% 33.33% 

### $36.42 $20.48 $38.00 $15.50 16 8 66.67% 33.33% 

### $0.00 $32.52 $0.00 $29.50 0 24 0.00% 100.00% 

### $42.94 $32.52 $49.00 $29.50 16 8 66.67% 33.33% 

### $42.33 $23.00 $48.00 $18.25 16 8 66.67% 33.33% 

### $41.26 $19.67 $46.00 $16.00 16 8 66.67% 33.33% 

### $41.07 $20.21 $46.50 $19.25 16 8 66.67% 33.33% 

### $39.58 $22.42 $41.56 $19.00 16 8 66.67% 33.33% 

### $39.58 $22.42 $41.56 $19.00 16 8 66.67% 33.33% 

### $0.00 $32.25 $0.00 $20.75 0 24 0.00% 100.00% 

### $0.00 $32.25 $0.00 $20.75 0 24 0.00% 100.00% 

### $41.66 $32.25 $45.00 $20.75 16 8 66.67% 33.33% 

### $38.83 $22.24 $41.50 $18.50 16 8 66.67% 33.33% 

### $42.25 $23.35 $44.46 $19.25 16 8 66.67% 33.33%

### $40.50 $40.50 2007

$63.77 $63.87 2007 $61.69 $61.38 2007

$58.38 $59.18 2007

$73.02 $75.89 2007 $60.32 $63.96 2007 $60.32 $63.96 2007 $87.27 $88.99 2007 $86.33 $89.52 2007 $57.25 $62.69 2007

### $43.74 $44.50 2007

$44.62 $44.75 2007 $59.41 $62.98 2007 $49.24 $53.40 2007 $51.52 $54.29 2007 $48.17 $51.40 2007 $48.17 $51.40 2007 $42.39 $45.89 2007 $52.27 $58.80 2007 $49.26 $52.72 2007 $51.34 $54.49 2007 $52.07 $52.69 2007 $50.77 $50.93 2007 $50.77 $50.93 2007 $41.50 $37.75 2007 $53.61 $53.92 2007 $47.38 $48.45 2007 $42.89 $43.75 2007 $42.07 $43.25 2007 $40.53 $41.42 2007 $40.53 $41.42 2007 $35.00 $35.60 2007 $43.66 $45.20 2007 $43.82 $43.33 2007 $47.57 $46.22 2007 $47.57 $46.22 2007 $46.56 $43.17 2007 $46.56 $43.17 2007 $41.42 $36.75 2007 $48.90 $46.50 2007 $52.95 $50.42 2007 $59.52 $56.50 2007 $65.07 $60.13 2007 $54.30 $50.33 2007 $54.30 $50.33 2007 $46.11 $43.00 2007 $55.60 $52.67 2007 $55.72 $51.75 2007 $55.71 $53.42 2007 $58.29 $53.17 2007 $55.72 $53.33 2007 $55.72 $53.33 2007 $48.35 $42.14 2007 $55.49 $52.05 2007 $51.89 $45.33 2007 $53.47 $47.83 2007 $52.15 $47.12 2007 $52.77 $47.33 2007 $52.77 $47.33 2007 $48.60 $44.46 2007 $56.25 $52.92 2007

### $52.55 $46.00 2007

$53.41 $47.71 2007 $54.02 $48.83 2007 $56.67 $50.17 2007 $56.67 $50.17 2007 $50.25 $47.35 2007 $59.46 $54.45 2007 $56.59 $51.97 2007 $55.73 $53.54 2007 $55.97 $50.79 2007 $54.64 $51.33 2007 $54.64 $51.33 2007 $44.76 $42.00 2007 $50.14 $49.17 2007 $49.95 $48.87 2007 $51.57 $49.67 2007 $51.57 $49.67 2007 $49.79 $45.50 2007 $49.79 $45.50 2007 $40.85 $38.00 2007 $47.54 $47.33 2007 $46.21 $45.67 2007 $47.22 $46.00 2007 $43.68 $43.50 2007 $40.65 $42.17 2007 $40.65 $42.17 2007 $35.66 $35.50 2007 $40.73 $42.50 2007 $41.69 $42.08 2007 $41.69 $42.08 2007 $37.52 $40.00 2007 $40.09 $40.67 2007 $40.09 $40.67 2007 $41.91 $41.75 2007 $44.02 $46.25 2007 $55.75 $56.50 2007 $59.76 $62.00 2007 $59.76 $62.00 2007 $62.02 $61.58 2007 $56.22 $57.25 2007 $50.49 $48.75 2007 $55.68 $55.92 2007 $49.96 $50.00 2007 $53.08 $53.50 2007 $52.82 $51.92 2007 $50.25 $49.17 2007 $50.25 $49.17 2007 $53.91 $49.00 2007 $54.68 $56.67 2007 $53.83 $62.17 2007 $59.54 $63.50 2007

### $62.42 $66.42 2007

$63.23 $67.17 2007 $63.23 $67.17 2007 $54.65 $55.50 2007 $62.18 $63.33 2007 $55.06 $56.83 2007 $55.28 $57.42 2007 $55.28 $57.42 2007 $56.03 $57.00 2007 $56.03 $57.00 2007 $52.75 $51.50 2007 $56.16 $57.17 2007 $51.31 $49.00 2007 $54.69 $53.67 2007 $56.51 $55.83 2007 $55.80 $55.42 2007 $55.80 $55.42 2007 $55.57 $52.00 2007 $59.88 $59.83 2007 $17.00 $16.00 2008 $56.87 $56.17 2008 $59.83 $58.50 2008 $56.63 $54.00 2008 $56.63 $54.00 2008 $51.29 $48.49 2008 $57.25 $56.52 2008 $58.71 $58.04 2008 $58.31 $58.24 2008 $58.96 $59.14 2008 $57.63 $57.40 2008 $57.63 $57.40 2008 $56.54 $57.00 2008 $62.73 $63.63 2008 $63.58 $65.83 2008 $67.53 $73.25 2008 $67.53 $73.25 2008 $66.02 $66.50 2008 $66.02 $66.50 2008 $61.80 $64.50 2008 $67.90 $70.83 2008 $69.32 $73.33 2008 $62.58 $67.67 2008 $62.81 $66.25 2008 $60.01 $63.21 2008 $60.01 $63.21 2008 $59.01 $59.00 2008 $61.45 $65.09 2008 $59.49 $63.61 2008 $62.79 $67.75 2008 $64.40 $70.37 2008 $63.26 $69.33 2008

### $63.26 $69.33 2008

$59.10 $58.50 2008 $66.06 $67.17 2008 $64.42 $68.50 2008 $68.40 $72.33 2008 $68.00 $69.33 2008 $62.78 $63.17 2008 $62.78 $63.17 2008 $55.62 $53.50 2008 $63.39 $63.97 2008 $63.57 $64.89 2008 $62.67 $63.33 2008 $62.67 $63.33 2008 $60.51 $62.00 2008 $60.51 $62.00 2008 $54.72 $54.75 2008 $63.85 $64.25 2008 $63.52 $63.67 2008 $66.61 $67.00 2008 $66.67 $66.75 2008 $63.72 $64.00 2008 $63.72 $64.00 2008 $60.07 $59.75 2008 $66.96 $67.92 2008 $68.53 $70.00 2008 $68.43 $70.42 2008 $68.43 $70.42 2008 $67.33 $69.83 2008 $64.50 $66.42 2008 $61.24 $64.25 2008 $67.43 $70.75 2008 $67.30 $69.92 2008 $69.70 $74.29 2008 $70.78 $74.67 2008 $70.81 $73.08 2008 $70.81 $73.08 2008 $71.65 $71.50 2008 $77.34 $78.17 2008 $76.44 $79.17 2008 $77.42 $78.17 2008 $72.61 $73.50 2008 $67.91 $69.17 2008 $67.91 $69.17 2008 $66.18 $66.00 2008 $73.06 $74.17 2008 $71.70 $74.50 2008 $71.34 $73.33 2008 $71.34 $73.33 2008 $64.87 $64.50 2008 $64.87 $64.50 2008 $52.64 $54.25 2008

### $61.35 $62.42 2008

$65.09 $65.58 2008 $67.07 $68.17 2008 $70.42 $72.25 2008 $70.44 $73.50 2008 $70.44 $73.50 2008 $71.82 $71.50 2008 $79.05 $81.50 2008 $84.32 $86.75 2008 $79.94 $82.83 2008 $74.11 $77.83 2008 $77.61 $79.50 2008 $77.61 $79.50 2008 $79.76 $78.86 2008 $85.70 $86.62 2008 $83.39 $83.17 2008 $78.68 $78.50 2008 $74.51 $74.75 2008 $76.81 $78.67 2008 $76.81 $78.67 2008 $78.82 $78.75 2008 $91.60 $95.42 2008 $82.37 $83.92 2008 $77.75 $79.00 2008 $78.15 $79.50 2008 $79.88 $80.67 2008 $79.88 $80.67 2008 $71.29 $72.00 2008 $83.42 $83.17 2008 $87.22 $88.25 2008 $86.90 $87.50 2008 $80.27 $76.33 2008 $80.57 $77.17 2008 $80.57 $77.17 2008 $81.97 $77.00 2008 $93.94 $89.83 2008 $88.54 $85.67 2008 $82.14 $78.67 2008 $77.83 $76.08 2008 $76.45 $76.33 2008 $76.45 $76.33 2008 $68.34 $67.50 2008 $76.85 $76.67 2008 $77.38 $76.50 2008 $77.30 $76.50 2008 $73.30 $74.00 2008 $74.19 $75.50 2008 $74.19 $75.50 2008 $67.19 $69.00 2008 $78.93 $79.17 2008 $79.36 $75.33 2008

### $76.02 $76.03 2008

$79.71 $81.00 2008 $85.73 $85.50 2008 $85.73 $85.50 2008 $75.80 $69.00 2008 $89.12 $87.00 2008 $86.06 $85.49 2008 $75.22 $74.50 2008 $75.22 $74.50 2008 $65.50 $59.83 2008 $65.50 $59.83 2008 $42.00 $34.00 2008 $42.00 $34.00 2008 $61.70 $56.50 2008 $61.51 $54.67 2008 $61.18 $54.67 2008 $58.67 $56.33 2008 $58.67 $56.33 2008 $51.00 $41.00 2008 $70.07 $63.00 2008 $78.68 $72.00 2008 $77.59 $68.00 2008 $71.82 $61.08 2008 $68.41 $55.67 2008 $68.41 $55.67 2008 $62.00 $42.25 2008 $78.98 $66.42 2008 $83.55 $71.67 2008 $76.97 $70.25 2008 $77.33 $71.58 2008 $80.75 $72.17 2008 $80.75 $72.17 2008 $74.86 $60.00 2008 $92.36 $92.00 2008 $101.06 $103.42 2008 $114.88 $113.66 2008 $118.15 $118.33 2008 $115.26 $111.78 2008 $115.26 $111.78 2008 $90.36 $87.00 2008 $109.99 $110.50 2008 $101.24 $101.75 2008 $97.50 $94.67 2008 $89.00 $87.42 2008 $87.63 $86.83 2008 $87.63 $86.83 2008 $83.16 $76.25 2008 $106.09 $104.08 2008 $113.26 $109.48 2008 $116.00 $111.26 2008 $116.00 $111.26 2008

### $84.16 $76.92 2008

$99.38 $92.69 2008 $77.67 $66.00 2008 $118.43 $111.49 2008 $120.57 $110.55 2008 $107.42 $97.55 2008 $95.67 $92.56 2008 $79.06 $77.33 2008 $79.06 $77.33 2008 $78.25 $72.75 2008 $93.39 $91.08 2008 $91.47 $90.76 2008 $95.35 $93.63 2008 $89.98 $88.68 2008 $90.42 $88.50 2008 $90.42 $88.50 2008 $75.21 $76.50 2008 $88.66 $90.33 2008 $87.25 $89.33 2008 $86.71 $86.92 2008 $86.09 $87.00 2008 $82.35 $81.00 2008 $82.35 $81.00 2008 $64.93 $64.00 2008 $80.35 $82.33 2008 $76.62 $77.74 2008 $75.85 $77.11 2008 $72.86 $71.83 2008 $75.17 $74.71 2008 $75.17 $74.71 2008 $64.25 $63.00 2008 $79.31 $79.69 2008 $79.68 $80.92 2008 $71.60 $72.69 2008 $72.29 $72.47 2008 $69.30 $69.59 2008 $69.30 $69.59 2008 $59.07 $57.25 2008 $72.53 $71.16 2008 $73.01 $72.96 2008 $70.54 $68.66 2008 $70.55 $68.43 2008 $68.71 $67.92 2008 $68.71 $67.92 2008 $57.46 $55.00 2008 $70.01 $68.59 2008 $64.32 $63.61 2008 $61.90 $60.68 2008 $64.00 $62.28 2008 $62.66 $60.15 2008 $62.66 $60.15 2008

### $59.87 $58.50 2008

$71.62 $68.97 2008 $66.78 $65.69 2008 $70.16 $68.92 2008 $70.16 $68.92 2008 $67.93 $64.73 2008 $67.93 $64.73 2008 $57.50 $55.50 2008 $45.59 $44.00 2008 $60.59 $55.59 2008 $57.07 $53.00 2008 $57.61 $50.26 2008 $56.96 $53.25 2008 $56.96 $53.25 2008 $46.72 $45.00 2008 $57.94 $55.29 2008 $54.50 $53.17 2008 $50.15 $50.12 2008 $52.02 $52.48 2008 $49.67 $49.77 2008 $49.67 $49.77 2008 $44.03 $47.00 2008 $53.02 $54.17 2008 $49.15 $49.71 2008 $48.75 $48.55 2008 $48.85 $48.29 2008 $50.78 $47.98 2008 $50.78 $47.98 2008 $44.31 $40.25 2008 $50.91 $47.42 2008 $47.91 $45.89 2008 $47.66 $47.73 2008 $50.05 $48.24 2008 $48.25 $46.19 2008 $48.25 $46.19 2008 $44.42 $41.94 2008 $50.17 $48.41 2008 $51.97 $49.21 2008 $50.26 $47.92 2008 $50.27 $50.00 2008 $49.93 $48.69 2008 $49.93 $48.69 2008 $40.01 $37.75 2008 $49.17 $48.76 2008 $47.02 $45.93 2008 $46.21 $46.25 2008 $44.75 $44.35 2008 $40.52 $38.49 2008 $40.52 $38.49 2008 $26.11 $24.77 2008 $33.86 $31.59 2008

### $31.85 $30.83 2008

$28.36 $28.93 2008 $32.59 $32.96 2008 $38.20 $36.74 2008 $38.20 $36.74 2008 $34.79 $30.53 2008 $41.40 $37.72 2008 $43.94 $42.07 2008 $44.10 $43.58 2008 $46.05 $44.23 2008 $40.12 $38.49 2008 $40.12 $38.49 2008 $29.26 $26.14 2008 $36.19 $35.55 2008 $36.50 $35.25 2008 $38.34 $37.48 2008 $38.34 $37.48 2008 $38.68 $37.60 2008 $32.88 $31.31 2008 $28.93 $28.00 2008 $32.10 $33.46 2008 $26.64 $29.29 2008 $32.74 $34.29 2008 $39.26 $41.82 2008 $43.77 $43.46 2008 $43.77 $43.46 2008 $41.20 $42.25 2008 $42.73 $44.25 2008 $46.35 $43.17 2008 $46.35 $43.17 2008 $38.01 $34.76 2008 $35.03 $33.12 2008 $35.03 $33.12 2008 $30.58 $27.25 2008 $33.63 $31.92 2008 $37.49 $32.35 2008 $41.19 $32.45 2008 $43.50 $38.54 2008 $40.83 $36.61 2008 $40.83 $36.61 2008 $34.74 $31.00 2008 $40.45 $37.57 2008 $44.37 $40.70 2008 $44.37 $40.70 2008 $38.12 $33.61 2008 $38.33 $35.30 2008 $38.33 $35.30 2008 $36.24 $32.75 2008 $42.00 $39.33 2008 $42.44 $37.83 2008 $43.00 $37.93 2008

### $42.51 $36.83 2008

$42.06 $35.91 2008 $42.06 $35.91 2008 $33.91 $30.50 2008 $39.69 $37.00 2008 $37.97 $35.17 2008 $39.38 $37.00 2008 $44.17 $41.33 2008 $44.43 $41.50 2008 $44.43 $41.50 2008 $38.11 $32.25 2008 $46.56 $43.90 2008 $50.45 $51.65 2008 $50.53 $51.24 2008 $47.36 $48.16 2008 $42.03 $42.66 2008 $42.03 $42.66 2008 $39.50 $38.75 2008 $45.33 $46.22 2008 $41.14 $40.67 2008 $41.14 $40.67 2008 $34.76 $33.50 2008 $38.31 $38.21 2008 $38.31 $38.21 2008 $30.49 $30.25 2008 $39.54 $39.42 2008 $46.05 $45.69 2008 $46.05 $45.69 2008 $39.57 $36.98 2009 $37.24 $37.41 2009 $37.24 $37.41 2009 $31.70 $30.82 2009 $39.09 $39.57 2009 $37.12 $39.80 2009 $40.65 $42.02 2009 $40.26 $39.74 2009 $38.05 $38.09 2009 $38.05 $38.09 2009 $31.98 $31.82 2009 $38.26 $39.97 2009 $37.46 $38.00 2009 $37.53 $37.54 2009 $37.53 $37.54 2009 $34.56 $33.57 2009 $34.56 $33.57 2009 $32.41 $30.83 2009 $36.87 $36.39 2009 $34.38 $34.25 2009 $30.89 $31.36 2009 $32.01 $31.61 2009 $27.88 $27.94 2009

### $27.88 $27.94 2009

$26.92 $25.80 2009 $31.10 $31.08 2009 $30.75 $31.29 2009 $33.47 $34.15 2009 $34.65 $35.87 2009 $32.39 $33.35 2009 $32.39 $33.35 2009 $29.95 $31.00 2009 $35.53 $36.39 2009 $33.32 $33.73 2009 $33.81 $34.15 2009 $32.75 $33.25 2009 $31.13 $31.51 2009 $31.13 $31.51 2009 $26.60 $28.00 2009 $32.70 $32.80 2009 $33.23 $36.63 2009 $36.60 $39.08 2009 $36.60 $39.08 2009 $33.13 $33.69 2009 $33.13 $33.69 2009 $28.74 $30.75 2009 $32.41 $33.64 2009 $31.65 $33.17 2009 $31.09 $31.19 2009 $30.64 $31.26 2009 $29.04 $29.86 2009 $29.04 $29.86 2009 $24.18 $25.50 2009 $28.19 $28.99 2009 $27.49 $28.26 2009 $27.22 $28.03 2009 $26.19 $27.30 2009 $25.18 $25.71 2009 $25.18 $25.71 2009 $20.22 $20.25 2009 $25.10 $25.49 2009 $25.00 $24.10 2009 $24.86 $24.28 2009 $24.87 $24.39 2009 $25.30 $24.73 2009 $25.30 $24.73 2009 $22.82 $23.50 2009 $27.65 $29.04 2009 $29.23 $30.82 2009 $29.24 $31.00 2009 $28.88 $30.13 2009 $25.96 $26.58 2009 $25.96 $26.58 2009 $21.78 $22.00 2009

### $26.39 $25.81 2009

$25.80 $25.50 2009 $25.85 $25.90 2009 $25.69 $25.61 2009 $23.94 $24.52 2009 $23.94 $24.52 2009 $22.48 $21.25 2009 $28.09 $27.08 2009 $27.22 $27.03 2009 $26.93 $26.70 2009 $27.60 $27.67 2009 $27.80 $27.34 2009 $27.80 $27.34 2009 $25.41 $26.00 2009 $29.20 $29.04 2009 $25.06 $25.09 2009 $26.59 $27.20 2009 $24.46 $23.92 2009 $24.04 $23.32 2009 $24.04 $23.32 2009 $26.06 $26.25 2009 $28.71 $28.75 2009 $27.36 $27.53 2009 $25.02 $25.74 2009 $25.02 $25.74 2009 $23.99 $24.17 2009 $23.99 $24.17 2009 $18.73 $18.00 2009 $24.08 $23.33 2009 $24.05 $22.16 2009 $23.71 $23.59 2009 $25.90 $24.60 2009 $23.11 $22.57 2009 $23.11 $22.57 2009 $22.00 $20.75 2009 $29.24 $28.95 2009 $25.50 $26.75 2009 $24.45 $23.70 2009 $23.12 $21.42 2009 $22.07 $19.77 2009 $22.07 $19.77 2009 $17.04 $16.50 2009 $23.57 $22.33 2009 $21.60 $20.83 2009 $22.69 $22.33 2009 $25.44 $25.00 2009 $25.45 $24.10 2009 $25.45 $24.10 2009 $21.45 $18.57 2009 $24.75 $23.54 2009 $24.91 $23.72 2009

### $26.02 $29.24 2009

$28.28 $28.92 2009 $29.95 $28.47 2009 $29.95 $28.47 2009 $28.75 $28.00 2009 $37.04 $37.33 2009 $36.91 $36.02 2009 $39.25 $38.67 2009 $38.83 $36.42 2009 $33.69 $32.20 2009 $33.69 $32.20 2009 $32.20 $32.75 2009 $41.21 $41.58 2009 $32.43 $31.90 2009 $30.69 $29.06 2009 $30.69 $29.06 2009 $27.78 $26.37 2009 $27.78 $26.37 2009 $22.89 $21.50 2009 $22.89 $21.50 2009 $24.17 $23.41 2009 $25.65 $23.47 2009 $25.65 $23.47 2009 $24.32 $23.38 2009 $24.32 $23.38 2009 $20.50 $20.50 2009 $27.14 $26.33 2009 $23.29 $23.07 2009 $23.24 $22.90 2009 $22.32 $21.08 2009 $21.59 $20.53 2009 $21.59 $20.53 2009 $14.05 $10.98 2009 $23.12 $21.16 2009 $20.92 $19.58 2009 $19.98 $19.23 2009 $20.06 $19.92 2009 $20.07 $19.45 2009 $20.07 $19.45 2009 $18.09 $17.75 2009 $22.84 $22.58 2009 $24.34 $24.15 2009 $26.52 $25.17 2009 $27.72 $26.75 2009 $25.87 $23.90 2009 $25.87 $23.90 2009 $22.17 $21.50 2009 $28.40 $27.17 2009 $26.09 $24.83 2009 $28.21 $26.33 2009 $26.86 $27.25 2009

### $26.96 $26.08 2009

$26.96 $26.08 2009 $24.00 $22.00 2009 $30.58 $30.00 2009 $32.36 $32.92 2009 $31.86 $32.75 2009 $31.86 $32.75 2009 $29.93 $31.09 2009 $22.45 $23.50 2009 $22.59 $24.75 2009 $28.38 $30.34 2009 $27.27 $28.71 2009 $28.14 $28.46 2009 $26.86 $26.92 2009 $27.59 $28.17 2009 $27.59 $28.17 2009 $23.65 $22.25 2009 $32.26 $33.01 2009 $34.48 $37.03 2009 $36.61 $38.54 2009 $37.31 $38.96 2009 $34.57 $36.17 2009 $34.57 $36.17 2009 $28.15 $32.00 2009 $38.42 $41.09 2009 $39.97 $43.23 2009 $39.85 $40.70 2009 $37.53 $39.33 2009 $37.08 $38.50 2009 $37.08 $38.50 2009 $31.18 $38.50 2009 $40.16 $43.33 2009 $38.89 $40.48 2009 $35.72 $37.26 2009 $35.72 $37.26 2009 $32.89 $33.36 2009 $30.91 $32.88 2009 $30.46 $29.75 2009 $35.35 $35.92 2009 $33.44 $35.00 2009 $33.10 $34.56 2009 $32.48 $35.67 2009 $32.32 $34.98 2009 $32.32 $34.98 2009 $28.70 $28.38 2009 $35.11 $35.93 2009 $35.31 $36.27 2009 $33.53 $34.33 2009 $30.73 $34.72 2009 $28.79 $32.13 2009 $28.79 $32.13 2009

### $25.46 $26.00 2009

$31.01 $33.71 2009 $27.68 $29.74 2009 $27.66 $29.37 2009 $27.57 $29.30 2009 $25.97 $27.83 2009 $25.97 $27.83 2009 $21.58 $24.00 2009 $26.05 $30.17 2009 $23.73 $25.86 2009 $26.61 $28.36 2009 $29.25 $29.13 2009 $28.28 $28.79 2009 $28.28 $28.79 2009 $22.68 $24.25 2009 $29.42 $30.92 2009 $27.05 $29.05 2009 $26.13 $28.67 2009 $26.13 $28.67 2009 $22.99 $24.62 2009 $22.99 $24.62 2009 $17.23 $19.00 2009 $17.23 $19.00 2009 $21.23 $22.58 2009 $22.26 $24.00 2009 $24.65 $25.97 2009 $24.09 $26.71 2009 $24.09 $26.71 2009 $24.27 $26.00 2009 $28.58 $31.06 2009 $24.46 $25.20 2009 $29.28 $32.00 2009 $30.45 $32.39 2009 $31.43 $32.42 2009 $31.43 $32.42 2009 $26.45 $27.50 2009 $33.08 $35.07 2009 $28.64 $32.16 2009 $29.42 $32.96 2009 $26.77 $29.25 2009 $28.54 $28.99 2009 $28.54 $28.99 2009 $28.21 $27.29 2009 $32.82 $32.12 2009 $29.42 $29.50 2009 $28.65 $28.52 2009 $27.46 $29.58 2009 $27.24 $27.61 2009 $27.24 $27.61 2009 $19.61 $18.50 2009 $23.96 $23.93 2009

### $24.70 $24.29 2009

$27.49 $27.34 2009 $31.92 $33.42 2009 $38.05 $37.58 2009 $38.05 $37.58 2009 $30.94 $28.00 2009 $35.55 $35.33 2009 $34.61 $34.40 2009 $34.18 $32.95 2009 $33.61 $32.47 2009 $34.74 $33.02 2009 $34.74 $33.02 2009 $32.08 $26.07 2009 $36.90 $34.69 2009 $37.43 $35.31 2009 $39.76 $35.24 2009 $41.19 $37.21 2009 $41.86 $38.66 2009 $41.86 $38.66 2009 $38.74 $33.24 2009 $44.41 $40.90 2009 $39.47 $36.74 2009 $37.68 $34.56 2009 $39.36 $35.80 2009 $35.63 $34.40 2009 $35.63 $34.40 2009 $32.40 $31.75 2009 $36.61 $36.96 2009 $37.81 $32.14 2009 $37.65 $33.00 2009 $37.82 $32.50 2009 $32.33 $26.20 2009 $32.33 $26.20 2009 $28.53 $26.08 2009 $32.86 $31.89 2009 $33.82 $33.96 2009 $31.10 $31.14 2009 $31.10 $31.14 2009 $26.19 $26.42 2009 $26.19 $26.42 2009 $22.10 $22.27 2009 $24.59 $26.69 2009 $24.35 $23.92 2009 $30.72 $29.94 2009 $32.12 $32.15 2009 $31.09 $31.69 2009 $31.09 $31.69 2009 $29.77 $27.00 2009 $30.94 $30.96 2009 $31.44 $29.45 2009 $31.44 $29.45 2009

### $24.92 $21.50 2009

$27.64 $25.07 2009 $27.64 $25.07 2009 $25.87 $21.75 2009 $28.60 $25.82 2009 $38.91 $39.58 2009 $38.88 $40.08 2009 $40.14 $41.33 2009 $39.50 $43.00 2009 $39.50 $43.00 2009 $36.48 $37.63 2009 $40.61 $44.54 2009 $43.52 $47.58 2009 $54.81 $60.45 2009 $50.05 $52.64 2009 $45.66 $49.35 2009 $45.66 $49.35 2009 $38.23 $38.78 2009 $44.42 $46.93 2009 $43.92 $44.92 2009 $43.03 $43.08 2009 $42.13 $42.67 2009 $42.00 $43.17 2009 $42.00 $43.17 2009 $38.71 $41.75 2009 $45.59 $48.08 2009 $43.07 $45.67 2009 $43.07 $45.67 2009 $43.89 $42.17 2009 $40.33 $38.50 2009 $43.89 $42.17 2009 $39.11 $39.75 2009 $45.06 $45.42 2009 $46.66 $46.50 2009 $46.95 $46.50 2009 $46.95 $46.50 2009 $35.37 $34.25 2010 $41.14 $39.58 2010 $33.60 $34.75 2010 $42.67 $42.75 2010 $45.36 $46.17 2010 $44.51 $45.75 2010 $43.42 $43.75 2010 $48.47 $51.42 2010 $48.47 $51.42 2010 $38.05 $38.25 2010 $44.13 $44.08 2010 $42.44 $42.25 2010 $44.61 $43.97 2010 $44.61 $43.97 2010 $42.83 $40.81 2010

### $42.83 $40.81 2010

$39.83 $38.25 2010 $44.94 $43.42 2010 $44.78 $43.50 2010 $44.67 $43.58 2010 $44.54 $46.00 2010 $42.67 $42.67 2010 $42.67 $42.67 2010 $39.17 $37.50 2010 $45.24 $44.67 2010 $44.34 $43.33 2010 $41.89 $43.08 2010 $41.89 $43.08 2010 $39.55 $39.42 2010 $39.55 $39.42 2010 $37.22 $36.25 2010 $39.60 $39.67 2010 $41.30 $42.17 2010 $43.39 $46.17 2010 $44.59 $46.67 2010 $44.61 $43.67 2010 $44.61 $43.67 2010 $40.11 $38.25 2010 $48.02 $47.08 2010 $46.21 $46.92 2010 $46.05 $46.83 2010 $46.05 $46.83 2010 $46.52 $45.83 2010 $46.52 $45.83 2010 $42.75 $41.75 2010 $46.80 $45.58 2010 $42.73 $43.00 2010 $42.76 $42.50 2010 $41.67 $42.08 2010 $39.12 $38.50 2010 $39.12 $38.50 2010 $35.64 $35.00 2010 $39.75 $39.67 2010 $38.76 $39.67 2010 $39.38 $40.42 2010 $39.38 $40.42 2010 $39.71 $39.83 2010 $39.71 $39.83 2010 $37.50 $38.00 2010 $39.12 $41.83 2010 $39.32 $42.50 2010 $39.88 $42.25 2010 $40.05 $42.00 2010 $38.92 $40.58 2010 $38.92 $40.58 2010 $34.99 $34.75 2010

### $39.24 $40.25 2010

$40.64 $43.92 2010 $39.97 $43.17 2010 $39.57 $42.67 2010 $39.71 $40.42 2010 $39.71 $40.42 2010 $38.00 $38.50 2010 $42.07 $42.83 2010 $38.39 $40.75 2010 $41.23 $41.08 2010 $40.28 $39.83 2010 $35.11 $36.08 2010 $35.11 $36.08 2010 $30.21 $30.75 2010 $35.61 $36.58 2010 $34.73 $35.75 2010 $35.64 $37.42 2010 $33.84 $35.17 2010 $33.61 $33.75 2010 $33.61 $33.75 2010 $30.59 $32.50 2010 $35.98 $37.17 2010 $34.26 $35.17 2010 $33.98 $35.58 2010 $31.98 $27.60 2010 $31.98 $27.60 2010 $31.98 $27.60 2010 $27.23 $27.00 2010 $32.66 $32.83 2010 $31.43 $30.72 2010 $33.78 $35.08 2010 $35.32 $35.67 2010 $34.84 $36.50 2010 $34.84 $36.50 2010 $30.80 $32.00 2010 $35.37 $37.00 2010 $33.68 $34.00 2010 $33.65 $35.08 2010 $35.83 $37.33 2010 $33.07 $33.42 2010 $33.07 $33.42 2010 $27.76 $28.50 2010 $32.96 $34.50 2010 $31.81 $34.83 2010 $31.53 $34.00 2010 $30.84 $33.00 2010 $30.64 $31.75 2010 $30.64 $31.75 2010 $29.00 $29.00 2010 $32.92 $33.67 2010 $33.20 $34.58 2010

### $32.34 $34.50 2010

$32.34 $34.50 2010 $30.45 $30.08 2010 $29.19 $28.92 2010 $26.42 $26.40 2010 $32.14 $30.63 2010 $30.64 $28.75 2010 $32.26 $32.50 2010 $31.65 $30.08 2010 $30.76 $29.25 2010 $30.76 $29.25 2010 $27.65 $27.00 2010 $32.09 $29.33 2010 $31.25 $30.75 2010 $31.19 $30.83 2010 $30.99 $29.75 2010 $31.44 $31.08 2010 $31.44 $31.08 2010 $29.11 $29.50 2010 $34.72 $34.83 2010 $32.77 $32.25 2010 $33.54 $30.42 2010 $31.57 $29.17 2010 $29.74 $26.75 2010 $29.74 $26.75 2010 $24.19 $20.50 2010 $30.72 $28.00 2010 $29.41 $26.42 2010 $30.79 $26.00 2010 $30.79 $26.00 2010 $28.88 $25.42 2010 $28.88 $25.42 2010 $29.95 $27.50 2010 $29.95 $27.50 2010 $31.62 $31.18 2010 $29.19 $26.25 2010 $28.19 $26.71 2010 $27.76 $26.25 2010 $27.76 $26.25 2010 $29.72 $26.00 2010 $39.21 $37.17 2010 $31.03 $30.83 2010 $29.68 $30.00 2010 $27.77 $26.83 2010 $23.85 $23.83 2010 $23.85 $23.83 2010 $18.86 $18.25 2010 $30.07 $29.92 2010 $30.11 $30.25 2010 $29.73 $28.08 2010 $29.27 $28.50 2010

### $27.31 $26.42 2010

$27.31 $26.42 2010 $21.04 $17.00 2010 $31.67 $30.67 2010 $30.43 $32.25 2010 $31.91 $35.67 2010 $32.72 $34.00 2010 $31.11 $30.50 2010 $31.11 $30.50 2010 $32.52 $29.50 2010 $39.47 $42.50 2010 $35.89 $38.08 2010 $34.06 $36.00 2010 $34.12 $37.42 2010 $33.86 $34.04 2010 $33.86 $34.04 2010 $32.25 $20.75 2010 $32.25 $20.75 2010 $38.52 $36.92 2010 $33.30 $33.83 2010 $35.95 $36.06 2010E C/R Energy Strategies E.N. 1109 **FCPP - SCR Cost Assessment Model**

**SRP Only Navajo Generating Station (NGS) Economic Assessment Model** 
**Case Names Description** 

Year **2011 2012**  **2013 2014**  **2015 2016**  **2017 2018**  **2019 2020**  **2021 2022**  **2023 2024**  **2025 2026**  **2027 2028**  **2029 2030**  **2031** Year No. Starting 2012 0 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 Year No. Starting 2017 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 Year No. Starting 2023 1 2 3 4 5 6 7 8 9 1/1/2011 1/1/2012 1/1/2013 1/1/2014 1/1/2015 1/1/2016 1/1/2017 1/1/2018 1/1/2019 1/1/2020 1/1/2021 1/1/2022 1/1/2023 1/1/2024 1/1/2025 1/1/2026 1/1/2027 1/1/2028 1/1/2029 1/1/2030 1/1/2031

**Units NPV** 

**From 2012**

a **Generation Statistics** b Gross Capacity MW 523 523 523 523 523 523 523 523 523 523 523 523 523 523 523 523 523 523 523 523 523

c Operating Capacity MW 488 488 488 488 488 488 488 488 488 488 488 488 488 488 488 488 488 488 488 488 488 d Efficiency Vs. Base Case Efficiency % 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100%

e Net Generation MWh 91,963,379 3,678,535 3,678,535 3,678,535 3,678,535 3,678,535 3,678,535 3,678,535 3,678,535 3,678,535 3,678,535 3,678,535 3,678,535 3,678,535 3,678,535 3,678,535 3,678,535 3,678,535 3,678,535 3,678,535 3,678,535 3,678,535 f Capacity Factor % 86% 86% 86% 86% 86% 86% 86% 86% 86% 86% 86% 86% 86% 86% 86% 86% 86% 86% 86% 86% 86% **Base Case**

1 **Capital Expense (CAPEX)**

2 **Depreciation Expense** 3 Net Plant in Service $000 244,849 235,432 $ 226,015

$ 216,597

$ 207,180

$ 197,763

$ 188,346

$ 178,928

$ 169,511

$ 160,094

$ 150,676

$ 141,259

$ 131,842

$ 122,425

$ 113,007

$ 103,590

$ 94,173

$ 84,755

$ 75,338

$ 65,921

$ 56,504

$
4 Annual Depreciation Expense $000 9,417 9,417 $ 9,417

$ 9,417

$ 9,417

$ 9,417

$ 9,417

$ 9,417

$ 9,417

$ 9,417

$ 9,417

$ 9,417

$ 9,417

$ 9,417

$ 9,417

$ 9,417

$ 9,417

$ 9,418

$ 9,417

$ 9,417

$ 9,417

$ 5 Accumulated Depreciation $000 144,803 154,221 163,638 173,055 182,472 191,890 201,307 210,724 220,141 229,559 238,976 248,393 257,811 267,228 276,645 286,062 295,479 304,897 314,314 323,732 333,149 6 7 **Return on Capital** 8 Capital Recovery $000 17,139 16,480 15,821 15,162 14,503 13,843 13,184 12,525 11,866 11,207 10,547 9,888 9,229 8,570 7,911 7,251 6,592 5,933 5,274 4,614 3,955 9 $ per MWh 4.66 4.48 4.30 4.12 3.94 3.76 3.58 3.40 3.23 3.05 2.87 2.69 2.51 2.33 2.15 1.97 1.79 1.61 1.43 1.25 1.08 10 11 **Total CAPEX** (Depreciation + Return on Capital) $000 26,557 25,898 25,238 24,579 23,920 23,261 22,601 21,942 21,283 20,624 19,965 19,305 18,646 17,987 17,328 16,669 16,009 15,351 14,691 14,032 13,373 12 $ per MWh 7.22 7.04 6.86 6.68 6.50 6.32 6.14 5.96 5.79 5.61 5.43 5.25 5.07 4.89 4.71 4.53 4.35 4.17 3.99 3.81 3.64 13 **Operating Expense (OPEX)**
14 **Fuel Expenses** 15 Cost Price Change (Year over Year) % (0.03) -2.1% 0.0% 0.0% 1.1% 1.0% 1.0% 0.0% -0.5% 1.0% 1.0% 1.5% 0.5% 0.5% 0.0% 0.0% 0.5% 1.5% 1.4% 0.5% 0.5% 16 Fuel Expense $000 71,799 70,311 70,311 70,311 71,055 71,799 72,543 72,543 72,171 72,915 73,659 74,775 75,147 75,519 75,519 75,519 75,891 77,007 78,123 78,495 78,867 17 $ per MWh 19.52 19.11 19.11 19.11 19.32 19.52 19.72 19.72 19.62 19.82 20.02 20.33 20.43 20.53 20.53 20.53 20.63 20.93 21.24 21.34 21.44 18 744 72,915 19 **Non-Fuel Operating & Maintenance Expenses** 4,353 76,523 20 Operating Expenses 21 Op. Supervision & Engineering $000 2,361 2,432 2,505 2,580 2,657 2,737 2,819 2,904 2,991 3,081 3,173 3,268 3,366 3,467 3,571 3,678 3,789 3,902 4,020 4,140 4,264 22 Total Steam/Hydraulic Expense $000 3,176 3,272 3,370 3,471 3,575 3,682 3,793 3,907 4,024 4,144 4,269 4,397 4,529 4,665 4,805 4,949 5,097 5,250 5,408 5,570 5,737 23 Electric Expenses $000 817 841 867 893 919 947 975 1,005 1,035 1,066 1,098 1,131 1,165 1,200 1,236 1,273 1,311 1,350 1,391 1,432 1,475 24 Misc. Power Expenses $000 3,386 3,488 3,593 3,700 3,811 3,926 4,044 4,165 4,290 4,419 4,551 4,688 4,828 4,973 5,122 5,276 5,434 5,597 5,765 5,938 6,116 25 Rents $000 99 102 105 109 112 115 119 122 126 130 134 138 142 146 150 155 160 164 169 174 180 26 Allowances $000

- - - - - - - - - - - - - - - - - - - - - 27 Total Non-Fuel Operating Expenses $000 9,840 10,135 10,439 10,753 11,075 11,407 11,750 12,102 12,465 12,839 13,224 13,621 14,030 14,451 14,884 15,331 15,791 16,264 16,752 17,255 17,772 28 2.68 2.76 2.84 2.92 3.01 3.10 3.19 3.29 3.39 3.49 3.59 3.70 3.81 3.93 4.05 4.17 4.29 4.42 4.55 4.69 4.83 29 Maintenance Expenses
30 Supervision & Engineering $000 1,607 1,655 1,705 1,756 1,809 1,863 1,919 1,976 2,036 2,097 2,159 2,224 2,291 2,360 2,431 2,503 2,579 2,656 2,736 2,818 2,902 31 Structures $000 516 531 547 563 580 598 616 634 653 673 693 714 735 757 780 803 827 852 878 904 931
32 Boiler/Reactor/Reservoirs & Dams $000 10,183 10,488 10,803 11,127 11,461 11,804 12,159 12,523 12,899 13,286 13,685 14,095 14,518 14,954 15,402 15,864 16,340 16,830 17,335 17,855 18,391 33 Electric Plant $000 4,132 4,256 4,384 4,516 4,651 4,791 4,934 5,082 5,235 5,392 5,554 5,720 5,892 6,069 6,251 6,438 6,631 6,830 7,035 7,246 7,464 34 Misc. Plant $000 1,320 1,359 1,400 1,442 1,486 1,530 1,576 1,623 1,672 1,722 1,774 1,827 1,882 1,938 1,996 2,056 2,118 2,182 2,247 2,314 2,384
35 Total Maintenance Expenses $000 17,757 18,290 18,839 19,404 19,986 20,586 21,203 21,839 22,495 23,169 23,864 24,580 25,318 26,077 26,860 27,665 28,495 29,350 30,231 31,138 32,072 36 $ per MWh 4.83 4.97 5.12 5.27 5.43 5.60 5.76 5.94 6.12 6.30 6.49 6.68 6.88 7.09 7.30 7.52 7.75 7.98 8.22 8.46 8.72 37 **Production Costs** 38 CO2 cost If Included

- $ 99,396 98,736 99,589 100,467 102,116 103,792 105,496 106,484 107,130 108,923 110,747 112,976 114,494 116,047 117,262 118,515 120,177 122,621 125,106 126,887 128,711 39 Total Production $ per MWh 27.02 26.84 27.07 27.31 27.76 28.22 28.68 28.95 29.12 29.61 30.11 30.71 31.12 31.55 31.88 32.22 32.67 33.33 34.01 34.49 34.99 40 **Base Case Total Cost of Electricity**  Cost of Electricity $000 125952.8268 124,633 124,827 125,046 126,036 127,052 128,097 128,426 128,413 144,547 145,712 147,282 148,140 149,034 149,590 150,183 151,186 152,972 154,797 155,919 157,084 Cost of Electricity $ per MWh 34.24 33.88 33.93 33.99 34.26 34.54 34.82 34.91 34.91 39.29 39.61 40.04 40.27 40.51 40.67 40.83 41.10 41.58 42.08 42.39 42.70 BASE SNCR Hybrid
SCR Baghouse Plant As Operated Through 2011

Base Case + Incremental SNCR Base Case + SNCR on #2, SCR on #1 & #3 Base Case + Incremental SCR Baghouse as Incremental to Base Case

**$Million**

09000064811c2027 SRP Share OnlyE C/R Energy Strategies E.N. 1109 **FCPP - SCR Cost Assessment Model**

**SRP Only Navajo Generating Station (NGS) Economic Assessment Model** 
**Case Names Description** 

a **Generation Statistics** b Gross Capacity

c Operating Capacity d Efficiency Vs. Base Case Efficiency

e Net Generation f Capacity Factor **Base Case**

1 **Capital Expense (CAPEX)**

2 **Depreciation Expense** 3 Net Plant in Service 4 Annual Depreciation Expense 5 Accumulated Depreciation 6 7 **Return on Capital** 8 Capital Recovery 9 10 11 **Total CAPEX** (Depreciation + Return on Capital) 12 13 **Operating Expense (OPEX)**
14 **Fuel Expenses** 15 Cost Price Change (Year over Year) 16 Fuel Expense 17 18 19 **Non-Fuel Operating & Maintenance Expenses** 20 Operating Expenses 21 Op. Supervision & Engineering 22 Total Steam/Hydraulic Expense 23 Electric Expenses 24 Misc. Power Expenses 25 Rents 26 Allowances
27 Total Non-Fuel Operating Expenses 28 29 Maintenance Expenses
30 Supervision & Engineering
31 Structures
32 Boiler/Reactor/Reservoirs & Dams
33 Electric Plant 34 Misc. Plant
35 Total Maintenance Expenses 36 37 **Production Costs** 38 CO2 cost If Included 39 Total Production 40 **Base Case Total Cost of Electricity**  Cost of Electricity Cost of Electricity BASE SNCR Hybrid
SCR Baghouse Plant As Operated Through 2011

Base Case + Incremental SNCR Base Case + SNCR on #2, SCR on #1 & #3 Base Case + Incremental SCR Baghouse as Incremental to Base Case **2032 2033**  **2034 2035** 
21 22 23 24 16 17 18 19 10 11 12 13 1/1/2032 1/1/2033 1/1/2034 1/1/2035

523 523 523 523 488 488 488 488 100% 100% 100% 100% 3,678,535 3,678,535 3,678,535 3,678,535 86% 86% 86% 86%

47,086 $ 37,669

$ 28,252

$ 18,835

$ 9,417 $ 9,417

$ 9,417

$ 9,417

$ 342,566 351,983 361,401 370,818

3,296 2,637 1,978 1,318 0.90 0.72 0.54 0.36

12,713 12,054 11,395 10,736 3.46 3.28 3.10 2.92

0.0% 0.0% 0.0% 0.5% 78,867 78,867 78,867 79,239 21.44 21.44 21.44 21.54

4,392 4,524 4,660 4,800 5,909 6,086 6,269 6,457 1,520 1,565 1,612 1,660 6,300 6,489 6,683 6,884 185 190 196 202

- - - - 18,306 18,855 19,420 20,003 4.98 5.13 5.28 5.44

2,989 3,079 3,171 3,266
959 988 1,018 1,048 18,943 19,511 20,096 20,699 7,688 7,918 8,156 8,400 2,455 2,529 2,605 2,683 33,034 34,025 35,046 36,097 8.98 9.25 9.53 9.81

130,206 131,747 133,333 135,339 35.40 35.81 36.25 36.79

157,920 158,801 159,728 161,075 42.93 43.17 43.42 43.79

09000064811c2027 SRP Share Only

### Salt	River	Project	Electricity	Rates:		Impact	of	Emissions	Control	Scenarios

**Assumptions** (Sources:	2011	EIA	923,	FERC	F-1,	&	Audited	Financial	Statements) 2011	SRP	Retail	Revenues 2011	SRP	Retail	Sales	Volumes NGS	2011	Net	Generation SRP	Share	of	NGS	Net	Generation SRP	Share	of	NGS	2011	Net	Generation 2011	Average	Retail	Rate **Escalation	Factors** (User	defined) Revenue	Escalation 1.5% Sales	Escalation 1.5%



### SCR	-	2016/2017/2018	Installation **Cost	Impacts 2014**  NGS	Incremental		Production	Cost	($/kWh)

- $ Utility	Share	of	Incremental	$

- $ **Rate	Impacts** Estimated	Retail	Revenues 2,527,303,202 $ Utility's	Share	of	Emissions	Measure	Incremental	Cost

- $ Estimated	Total	Utility	Retail	Revenues 2,527,303,202 $

Estimated	Retail	Sales	(kWh) 27,289,884,182

Estimated	Retail	Rate	w/Emissions	Measure	($/kWh) 0.09261 $ Est.	Retail	Rate	Without	Emissions	Measure	($/kWh) 0.09261 $ Incremental	Rate	Impact	of	Emissions	Measure	($/kWh)

- $ **%	Increase	In	Retail	Rates	due	to	Emissions	Measure 0.000%** 



### SNCR	-	2016/2017/2018	Installation **Cost	Impacts 2014**  NGS	Incremental		Production	Cost	($/kWh)

- $ Utility	Share	of	Incremental	$

- $ **Rate	Impacts** Estimated	Retail	Revenues 2,527,303,202 $ Utility's	Share	of	Emissions	Measure	Incremental	Cost

- $ Estimated	Total	Utility	Retail	Revenues 2,527,303,202 $

Estimated	Retail	Sales	(kWh) 27,289,884,182

Estimated	Retail	Rate	w/Emissions	Measure	($/kWh) 0.09261 $ Est.	Retail	Rate	Without	Emissions	Measure	($/kWh) 0.09261 $ Incremental	Rate	Impact	of	Emissions	Measure	($/kWh)

- $ **%	Increase	In	Retail	Rates	due	to	Emissions	Measure 0.000%** 



### SCR	+	Baghouse	-	(SCR	2016/2017/2018	Installation) **Cost	Impacts 2014** 

### NGS	Incremental		Production	Cost	($/kWh)

- $ Utility	Share	of	Incremental	$

- $ **Rate	Impacts** Estimated	Retail	Revenues 2,527,303,202 $ Utility's	Share	of	Emissions	Measure	Incremental	Cost

- $ Estimated	Total	Utility	Retail	Revenues 2,527,303,202 $

Estimated	Retail	Sales	(kWh) 27,289,884,182

Estimated	Retail	Rate	w/Emissions	Measure	($/kWh) 0.09261 $ Est.	Retail	Rate	Without	Emissions	Measure	($/kWh) 0.09261 $ Incremental	Rate	Impact	of	Emissions	Measure	($/kWh)

- $ **%	Increase	In	Retail	Rates	due	to	Emissions	Measure 0.000%** 

**Comments** Analysis	estimates	the	impact	of	SCR	at	NGS	on	the	average	utility	retail	rate	by	applying	modeled	incremental	cost	to	historical	&	estimated	retail	revenues The	incremental	NGS	cost	for	each	year	coming	from	the	Economic	Analysis	is	in	nominal	dollars Assumes	that	between	2011	and	2014	rates	are	constant	-	thereafter	revenues	and	sales	grow	equally,	thereby	not	impacting	average	rates Assumes	that	100%	of	NGS	incremental	cost	is	passed	on	to	utility's	customers	in	utility's	retail	rates 0%	escalation	in	either	or	both	retail	revenues	or	sales	would	be	very	unexpected.		1.5%	growth	in	both	categories	each	year	is	conservative	&	within	range	of	historical	results Underlying	Economic	Analysis	of	NGS	incremental	cost	does	not	include: Impacts	to	utility	retail	rates	as	a	result	of	change	in	ownership	at	NGS Any	life	extending	capital	investment	in	NGS Any	carbon-related	cost	or	other	emissions/environmental	costs

### 2,416,903,000

$ 26,097,780,000 kWh 16,951,775,000 kWh

21.7% 3,678,535,175 kWh 0.09261 $ kWh

Escalates	Retail	Revenues	each	year	below	from	2011	reported	revenues Escalates	Retail	Sales	(kWh)	each	year	below	from	2011	reported	volumes

**2015 2016**  **2017 2018**  **2019**

- $ 0.00177

$ 0.00314

$ 0.00480

$ 0.00471

$

- $ 6,520,804

$ 11,556,747

$ 17,666,823

$ 17,307,860

$

2,565,212,750 $ 2,603,690,941

$ 2,642,746,305

$ 2,682,387,500

$ 2,722,623,312

$

- $ 6,520,804

$ 11,556,747

$ 17,666,823

$ 17,307,860

$ 2,565,212,750 $ 2,610,211,745

$ 2,654,303,052

$ 2,700,054,323

$ 2,739,931,172

$

27,699,232,444 28,114,720,931 28,536,441,745 28,964,488,371 29,398,955,697

0.09261 $ 0.09284

$ 0.09301

$ 0.09322

$ 0.09320

$ 0.09261 $ 0.09261

$ 0.09261

$ 0.09261

$ 0.09261

$

- $ 0.00023

$ 0.00040

$ 0.00061

$ 0.00059

$ **0.000% 0.250%**  **0.437% 0.659%**  **0.636%**

**2015 2016**  **2017 2018**  **2019**

- $ 0.00053

$ 0.00109

$ 0.00167

$ 0.00169

$

- $ 1,963,444

$ 4,009,668

$ 6,138,680

$ 6,227,846

$

2,565,212,750 $ 2,603,690,941

$ 2,642,746,305

$ 2,682,387,500

$ 2,722,623,312

$

- $ 1,963,444

$ 4,009,668

$ 6,138,680

$ 6,227,846

$ 2,565,212,750 $ 2,605,654,385

$ 2,646,755,973

$ 2,688,526,180

$ 2,728,851,158

$

27,699,232,444 28,114,720,931 28,536,441,745 28,964,488,371 29,398,955,697

0.09261 $ 0.09268

$ 0.09275

$ 0.09282

$ 0.09282

$ 0.09261 $ 0.09261

$ 0.09261

$ 0.09261

$ 0.09261

$

- $ 0.00007

$ 0.00014

$ 0.00021

$ 0.00021

$ **0.000% 0.075%**  **0.152% 0.229%**  **0.229%**

**2015 2016**  **2017 2018**  **2019**

### 0.00189

$ 0.00569

$ 0.00859

$ 0.01012

$ 0.00989

$ 6,944,901 $ 20,930,219

$ 31,586,624

$ 37,226,078

$ 36,396,492

$

2,565,212,750 $ 2,603,690,941

$ 2,642,746,305

$ 2,682,387,500

$ 2,722,623,312

$ 6,944,901 $ 20,930,219

$ 31,586,624

$ 37,226,078

$ 36,396,492

$ 2,572,157,650 $ 2,624,621,159

$ 2,674,332,929

$ 2,719,613,578

$ 2,759,019,804

$

27,699,232,444 28,114,720,931 28,536,441,745 28,964,488,371 29,398,955,697

0.09286 $ 0.09335

$ 0.09372

$ 0.09389

$ 0.09385

$ 0.09261 $ 0.09261

$ 0.09261

$ 0.09261

$ 0.09261

$ 0.00025 $ 0.00074

$ 0.00111

$ 0.00129

$ 0.00124

$ **0.271% 0.804%**  **1.195% 1.388%**  **1.337%**

Analysis	estimates	the	impact	of	SCR	at	NGS	on	the	average	utility	retail	rate	by	applying	modeled	incremental	cost	to	historical	&	estimated	retail	revenues The	incremental	NGS	cost	for	each	year	coming	from	the	Economic	Analysis	is	in	nominal	dollars Assumes	that	between	2011	and	2014	rates	are	constant	-	thereafter	revenues	and	sales	grow	equally,	thereby	not	impacting	average	rates Assumes	that	100%	of	NGS	incremental	cost	is	passed	on	to	utility's	customers	in	utility's	retail	rates 0%	escalation	in	either	or	both	retail	revenues	or	sales	would	be	very	unexpected.		1.5%	growth	in	both	categories	each	year	is	conservative	&	within	range	of	historical	results

### 2020

0.00461 $ 16,948,896 $

2,763,462,662 $ 16,948,896 $ 

### SCR	-	2016/2017/2018	Installation 2,780,411,558 $

29,839,940,032

0.09318 $ **2014**

- $ 0.09261

$ 0.09261 $ **2015**

- $ 0.09261

$ 0.00057 $ **2016** 0.00177 $ 0.09284

$ **0.613% 2017**  0.00314 $ 0.09301

$ **2018** 0.00480 $ 0.09322

$

**2020** 0.00172 $ 6,317,011 $

2,763,462,662 $ 6,317,011 $ 2,769,779,673 $

29,839,940,032

0.09282 $ 0.09261 $ 0.00021 $ **0.229%**

**2020** Incremental Wholesale	Cost by	Year	due	to Controls Estimated

Avgerage	Retail Rate ($/kWh)

### 0.00967

$ 35,566,907 $

2,763,462,662 $ 35,566,907 $ 2,799,029,568 $

29,839,940,032

0.09380 $ 0.09261 $ 0.00119 $ **1.287%**

### SCR	-	2016/2017/2018	Installation

**0.0% 0.0%**  **0.3% 0.4%**  **0.7%** Increase	over Estimated	Avg Rate (%)MWh	per Full	Plant 4,119,281 Per	Plant	Unit 1,373,094

**CAPEX	Unit	Cost	($/MWh)	Worksheets**

**Intall	Years Unit	No.**  **2012 2013**  **2014 2015**  **2016 2017**  **2018 2019**  **2020 2021**  **2022 2023**  **2024 2025**  **2026 2027**  **2028 2029**  **2030 2031**  **2032 2033**  **2034 2035**  **2036**
1 1.08 $ 1.05

$ 1.02

$ 0.99

$ 0.96

$ 0.93

$ 0.90

$ 0.87

$ 0.84

$ 0.81

$ 0.78

$ 0.75

$ 0.72

$ 0.69

$ 0.65

$ 0.62

$ 0.59

$ 0.56

$ 0.53

$ 0.50

$
2 1.44 $ 1.40

$ 1.36

$ 1.32

$ 1.28

$ 1.24

$ 1.20

$ 1.16

$ 1.12

$ 1.08

$ 1.03

$ 0.99

$ 0.95

$ 0.91

$ 0.87

$ 0.83

$ 0.79

$ 0.75

$ 0.71

$ 0.67

$ 0.63

$ 3 1.38 $ 1.34

$ 1.30

$ 1.27

$ 1.23

$ 1.19

$ 1.15

$ 1.11

$ 1.07

$ 1.03

$ 0.99

$ 0.95

$ 0.91

$ 0.87

$ 0.83

$ 0.80

$ 0.76

$ 0.72

$ 0.68

$
1 0.10 $ 0.10

$ 0.10

$ 0.09

$ 0.09

$ 0.09

$ 0.09

$ 0.08

$ 0.08

$ 0.08

$ 0.07

$ 0.07

$ 0.07

$ 0.07

$ 0.06

$ 0.06

$ 0.06

$ 0.05

$ 0.05

$ 0.05

$
2 0.10 $ 0.10

$ 0.09

$ 0.09

$ 0.09

$ 0.09

$ 0.08

$ 0.08

$ 0.08

$ 0.07

$ 0.07

$ 0.07

$ 0.07

$ 0.06

$ 0.06

$ 0.06

$ 0.05

$ 0.05

$ 0.05

$ 0.05

$ 0.04

$ 3 0.11 $ 0.10

$ 0.10

$ 0.10

$ 0.09

$ 0.09

$ 0.09

$ 0.09

$ 0.08

$ 0.08

$ 0.08

$ 0.07

$ 0.07

$ 0.07

$ 0.06

$ 0.06

$ 0.06

$ 0.06

$ 0.05

$

Per	Unit	OPEX

-

$

-

$

-

$ 4,460

$ 4,579

$ 4,699

$ 4,818

$ 4,938

$ 5,057

$ 5,177

$ 5,296

$ 5,416

$ 5,535

$ 5,654

$ 5,774

$ 5,893

$ 6,013

$ 6,132

$ 6,252

$ 6,371

$ 6,491

$ 6,610

$ 6,730

$ 6,849

$ 6,969

$ Per	MWh/Unit	OPEX

-

$

-

$

-

$ 0.26

$ 0.27

$ 0.28

$ 0.28

$ 0.29

$ 0.30

$ 0.31

$ 0.31

$ 0.32

$ 0.33

$ 0.33

$ 0.34

$ 0.35

$ 0.35

$ 0.36

$ 0.37

$ 0.38

$ 0.38

$ 0.39

$ 0.40

$ 0.40

$ 0.41

$
Per	Unit	OPEX

-

$

-

$

-

$ 7,093

$ 7,283

$ 7,473

$ 7,663

$ 7,853

$ 8,043

$ 8,233

$ 8,423

$ 8,613

$ 8,803

$ 8,993

$ 9,183

$ 9,373

$ 9,563

$ 9,753

$ 9,943

$ 10,133

$ ##### ##### ##### ##### ##### Per	MWh/Unit	OPEX

-

$

-

$

-

$ 0.42

$ 0.43

$ 0.44

$ 0.45

$ 0.46

$ 0.47

$ 0.49

$ 0.50

$ 0.51

$ 0.52

$ 0.53

$ 0.54

$ 0.55

$ 0.56

$ 0.58

$ 0.59

$ 0.60

$ 0.61

$ 0.62

$ 0.63

$ 0.64

$ 0.65

$

SCR Per	MWH

- $

-

$

-

$

-

$ 1.71

$ 3.04

$ 4.65

$ 4.56

$ 4.47

$ 4.38

$ 4.29

$ 4.20

$ 4.11

$ 4.02

$ 3.93

$ 3.84

$ 3.75

$ 3.66

$ 3.58

$ 3.49

$ 3.40

$ 3.31

$ 3.22

$ 3.13

$ 3.04

$

SNCR per	MWH

- $

-

$

-

$

-

$ 0.53

$ 1.08

$ 1.66

$ 1.68

$ 1.71

$ 1.73

$ 1.76

$ 1.78

$ 1.81

$ 1.83

$ 1.86

$ 1.88

$ 1.91

$ 1.93

$ 1.96

$ 1.98

$ 2.00

$ 2.03

$ 2.05

$ 2.08

$ 2.10

$

**CAPEX,	Depreciation,	&	OPEX	Cost	Estimation	Worksheets**

SCR

**Unit No.**  **Year	Installed Years	from	Cost**  **Est.	Year Installed	Year** 

**Cost	Dollars Amort.** 

**Period (Yrs)**  **Salvage Annual**  **Depreciation Annual** 

**Depreciation ($000)**  **Capital**

**Recovery**
1 2017 5 38,741,851 $ 20

- $ 1,937,093

$ 1,937

$ 6.53%
2 2016 4 51,577,741 $ 20

- $ 2,578,887

$ 2,579

$ 6.53%
3 2018 6 49,411,606 $ 20

- $ 2,470,580

$ 2,471

$ 6.53%

SNCR

**Unit No.**  **Year	Installed Years	from	Cost**  **Est.	Year Installed	Year** 

**Cost	Dollars Amort.** 

**Period (Yrs)**  **Salvage Annual**  **Depreciation Annual** 

**Depreciation ($000)**  **Capital**

**Recovery**
1 2017 5 3,680,927 $ 20

- $ 184,046

$ 184

$ 6.53%
2 2016 4 3,573,715 $ 20

- $ 178,686

$ 179

$ 6.53%
3 2018 6 3,791,355 $ 20

- $ 189,568

$ 190

$ 6.53% Total	Incremental Cost CAPEX	+	OPEX **BOR	ONLY	Share**

SCR

SNCR Incremental

$	Per	MWh	Per Plant	Unit	Due	to Incremental CAPEX SCR

SNCR

09000064811c2027 BOR ONLY Increm Costs

### Annual	MWh 4,119,281 4,119,281 4,119,281 **2012 2013**  **2014** Business	As	Usual	("BAU")	$	per	MWh 30.96 $ 31.13

$ 31.31

$ Market	Cost	Cases	$	per	MWh Low	Market

- $

-

$

-

$ Mid	Market

-

$

-

$

-

$ High	Market

-

$

-

$

-

$

SCR Incremental	Cost $	per	MWh

- $

-

$

-

$ SNCR Incremental	Cost $	per	MWh

- $

-

$

-

$

25	YR	NPV	@ **Plant	Shutdown	-	Go	to	Market** 7% Intall	Yrs.

Low	Market 30.96

$ 31.13

$ 31.31

$ Mid	Market 30.96

$ 31.13

$ 31.31

$ High	Market 30.96

$ 31.13

$ 31.31

$

**$M Cost	Rank**  NPV	$	Cost Intall	Yrs. ($000) ($000) ($000) **1,977 $**  3 **1,977,004 $**  127,544 $ 128,241

$ 128,968

$ **2,045 $**  2 **2,044,627 $**  127,544 $ 128,241

$ 128,968

$ **2,066 $**  1 **2,066,296 $**  127,544 $ 128,241

$ 128,968

$

25	YR	NPV	@ **SCR	Installation** 7% Intall	Yrs.

Intall	Yrs. ($000) ($000) ($000) 16/17/18 30.96

$ 31.13

$ 31.31

$ SNCR 30.96

$ 31.13

$ 31.31

$

**2012 2013**  **2014 $M**  **Cost	Rank** NPV	$	Cost Intall	Yrs. ($000) ($000) ($000) **1,962 $**  1 **1,962,113 $**  16/17/18 127,544 $ 128,241

$ 128,968

$ **1,886 $**  **1,886,221 $**  SNCR 127,544 $ 128,241

$ 128,968

$

SCR	Installation	Premium	(SCR	Cost	-	Market	Cost) 1 (14,891) $ Low	Market 2 (82,514) $ Mid 3 (104,183) $ High

**$M Case**  NPV	$	Cost **1,826 $**  BAU 

### 1,825,826 **$** 127,544 $ 128,241

$ 128,968

$



### Incremental	NPV	Above	BAU **SCR Low	Mkt**  **Mid	Mkt**

BART 

### 16/17/18 **136 $**  **151**

**$ 219** 

**$**
SNCR 

### 16/17/18 Emissions	Control	Retrofit	Cases **BOR	ONLY**

16/17/18

BART 16/17/18

### 4,119,281 4,119,281 4,119,281 4,119,281 4,119,281 4,119,281

**2015 2016**  **2017 2018**  **2019 2020**  31.69 $ 32.09

$ 32.49

$ 32.69

$ 32.81

$ 36.87

$

- $ 40.16

$ 40.16

$ 40.16

$ 40.16

$ 40.93

$

- $ 40.16

$ 40.16

$ 40.16

$ 40.93

$ 41.71

$

- $ 40.16

$ 40.89

$ 40.89

$ 41.62

$ 42.35

$

- $ 1.71

$ 3.04

$ 4.65

$ 4.56

$ 4.47

$

- $ 0.53

$ 1.08

$ 1.66

$ 1.68

$ 1.71

$

31.69 $ 32.09

$ 35.05

$ 37.67

$ 40.16

$ 40.93

$ 31.69 $ 32.09

$ 35.05

$ 37.67

$ 40.93

$ 41.71

$ 31.69 $ 32.09

$ 35.29

$ 38.16

$ 41.62

$ 42.35

$

($000) ($000) ($000) ($000) ($000) ($000) 130,557 $ 132,176

$ 144,364

$ 155,185

$ 165,440

$ 168,621

$ 130,557 $ 132,176

$ 144,364

$ 155,185

$ 168,621

$ 171,803

$ 130,557 $ 132,176

$ 145,367

$ 157,191

$ 171,456

$ 174,464

$

($000) ($000) ($000) ($000) ($000) ($000) 31.69 $ 33.80

$ 35.53

$ 37.34

$ 37.37

$ 41.34

$ 31.69 $ 32.62

$ 33.57

$ 34.35

$ 34.49

$ 38.58

$

**2015 2016**  **2017 2018**  **2019 2020**  ($000) ($000) ($000) ($000) ($000) ($000) 130,557 $ 139,233

$ 146,351

$ 153,830

$ 153,928

$ 170,309

$ 130,557 $ 134,358

$ 138,283

$ 141,501

$ 142,070

$ 158,922

$

130,557 $ 132,176

$ 133,827

$ 134,676

$ 135,143

$ 151,893

$



### High	Mkt **SNCR**
**240 $** 
**60**

**$**

### 4,119,281 4,119,281 4,119,281 4,119,281 4,119,281 4,119,281

**2021 2022**  **2023 2024**  **2025 2026**  37.31 $ 37.85

$ 38.20

$ 38.56

$ 38.83

$ 39.11

$

41.71 $ 41.71

$ 42.51

$ 42.51

$ 44.11

$ 44.92

$ 42.48 $ 43.25

$ 44.80

$ 45.57

$ 46.34

$ 47.11

$ 43.08 $ 43.81

$ 44.80

$ 45.57

$ 47.04

$ 47.77

$

4.38 $ 4.29

$ 4.20

$ 4.11

$ 4.02

$ 3.93

$ 1.73 $ 1.76

$ 1.78

$ 1.81

$ 1.83

$ 1.86

$

41.71 $ 41.71

$ 42.51

$ 42.51

$ 44.11

$ 44.92

$ 42.48 $ 43.25

$ 44.80

$ 45.57

$ 46.34

$ 47.11

$ 43.08 $ 43.81

$ 44.80

$ 45.57

$ 47.04

$ 47.77

$

($000) ($000) ($000) ($000) ($000) ($000) 171,803 $ 171,803

$ 175,107

$ 175,107

$ 181,715

$ 185,019

$ 174,984 $ 178,166

$ 184,529

$ 187,711

$ 190,892

$ 194,074

$ 177,472 $ 180,480

$ 184,529

$ 187,711

$ 193,766

$ 196,793

$

($000) ($000) ($000) ($000) ($000) ($000) 41.69 $ 42.14

$ 42.40

$ 42.67

$ 42.85

$ 43.04

$ 39.04 $ 39.61

$ 39.98

$ 40.37

$ 40.66

$ 40.96

$

**2021 2022**  **2023 2024**  **2025 2026**  ($000) ($000) ($000) ($000) ($000) ($000) 171,726 $ 173,596

$ 174,670

$ 175,782

$ 176,517

$ 177,294

$ 160,810 $ 163,151

$ 164,697

$ 166,280

$ 167,487

$ 168,734

$

153,679 $ 155,917

$ 157,360

$ 158,841

$ 159,945

$ 161,090

$

### 4,119,281 4,119,281 4,119,281 4,119,281 4,119,281 4,119,281

**2027 2028**  **2029 2030**  **2031 2032**  39.50 $ 40.10

$ 40.71

$ 41.13

$ 41.57

$ 41.91

$

44.92 $ 44.92

$ 44.92

$ 45.72

$ 45.72

$ 45.72

$ 47.89 $ 48.66

$ 48.66

$ 49.43

$ 49.43

$ 50.20

$ 48.51 $ 49.24

$ 49.98

$ 49.98

$ 50.71

$ 51.45

$

3.84 $ 3.75

$ 3.66

$ 3.58

$ 3.49

$ 3.40

$ 1.88 $ 1.91

$ 1.93

$ 1.96

$ 1.98

$ 2.00

$

44.92 $ 44.92

$ 44.92

$ 45.72

$ 45.72

$ 45.72

$ 47.89 $ 48.66

$ 48.66

$ 49.43

$ 49.43

$ 50.20

$ 48.51 $ 49.24

$ 49.98

$ 49.98

$ 50.71

$ 51.45

$

($000) ($000) ($000) ($000) ($000) ($000) 185,019 $ 185,019

$ 185,019

$ 188,322

$ 188,322

$ 188,322

$ 197,255 $ 200,437

$ 200,437

$ 203,618

$ 203,618

$ 206,800

$ 199,821 $ 202,849

$ 205,876

$ 205,876

$ 208,904

$ 211,931

$

($000) ($000) ($000) ($000) ($000) ($000) 43.34 $ 43.85

$ 44.38

$ 44.71

$ 45.05

$ 45.31

$ 41.38 $ 42.00

$ 42.64

$ 43.09

$ 43.55

$ 43.91

$

**2027 2028**  **2029 2030**  **2031 2032**  ($000) ($000) ($000) ($000) ($000) ($000) 178,528 $ 180,641

$ 182,796

$ 184,165

$ 185,581

$ 186,630

$ 170,440 $ 173,024

$ 175,651

$ 177,491

$ 179,378

$ 180,898

$

162,694 $ 165,175

$ 167,699

$ 169,437

$ 171,222

$ 172,639

$

### 4,119,281 4,119,281 4,119,281 4,119,281

**2033 2034**  **2035 2036**  42.27 $ 42.64

$ 43.12

$ 43.51

$

46.52 $ 46.52

$ 47.32

$ 47.74

$ 50.20 $ 50.20

$ 50.98

$ 51.62

$ 52.18 $ 52.18

$ 51.45

$ 52.11

$

3.31 $ 3.22

$ 3.13

$ 3.04

$ 2.03 $ 2.05

$ 2.08

$ 2.10

$

46.52 $ 46.52

$ 47.32

$ 47.74

$ 50.20 $ 50.20

$ 50.98

$ 51.62

$ 52.18 $ 52.18

$ 51.45

$ 52.11

$

($000) ($000) ($000) ($000) 191,626 $ 191,626

$ 194,930

$ 196,648

$ 206,800 $ 206,800

$ 209,981

$ 212,642

$ 214,959 $ 214,959

$ 211,931

$ 214,648

$

($000) ($000) ($000) ($000) 45.57 $ 45.85

$ 46.25

$ 46.55

$ 44.30 $ 44.69

$ 45.20

$ 45.62

$

**2033 2034**  **2035 2036**  ($000) ($000) ($000) ($000) 187,728 $ 188,879

$ 190,499

$ 191,758

$ 182,468 $ 184,090

$ 186,181

$ 187,911

$

174,107 $ 175,626

$ 177,615

$ 179,242

$**39271**
**39260**
**39261**

**39262**

**39310**
**39311**
**39312**
**39324 39325** 
**39326 39327** 
**39328**
**39329**
**39330**
**39331**
**39332**
**39333**
**39334 39335** 
**39336**
**39337**
**39338**
**39339**
**39340**
**39341**
**39342**
**39343**
**39344 39345** 
**39346**
**39347**
**39348**
**39349 39350**  **39351 39352**  **39353 39354**  **39355 39356**  **39357 39358**  **39359**
**39360**
**39361**
**39362**
**39363**
**39364 39365** 
**39366**
**39367**
**39368**
**39369**
**39370**
**39371**
**39372**
**39373**
**39374 39375** 
**39376**
**39377 39378** 
**39379**
**39380**
**39381**
**39382**
**39383**
**39384 39385** 
**39386**
**39387**
**39388**
**39389**
**39390**
**39391**
**39392**
**39393**
**39394 39395** 
**39396**
**39397**
**39398**
**39399**
**39400**
**39401**
**39402**
**39403**
**39404 39405** 
**39406**
**39407**
**39408**
**39409**
**39410**
**39411**
**39412**
**39413**
**39414 39415** 
**39416**
**39417**
**39418**
**39419**
**39420**
**39421**
**39422**
**39423**
**39424 39425** 
**39426**
**39427**
**39428 39429** 
**39430**
**39431**
**39432**
**39433**
**39434 39435** 
**39436**
**39437**
**39438**
**39439**
**39440**
**39441**
**39442**
**39443**
**39444 39445** 
**39446**
**39447**
**39448**
**39449 39450**  **39451 39452**  **39453 39454**  **39455 39456**  **39457 39458**  **39459**
**39460**
**39461**
**39462**
**39463**
**39464 39465** 
**39466**
**39467**
**39468**
**39469**
**39470**
**39471**
**39472**
**39473**
**39474 39475** 
**39476**
**39477**
**39478**
**39479 39480** 
**39481**
**39482**
**39483**
**39484 39485** 
**39486**
**39487**
**39488**
**39489**
**39490**
**39491**
**39492**
**39493**
**39494 39495** 
**39496**
**39497**
**39498**
**39499 39500**  **39501 39502**  **39503 39504**  **39505 39506**  **39507 39508**  **39509 39510**  **39511 39512**  **39513 39514**  **39515 39516**  **39517 39518**  **39519 39520**  **39521 39522**  **39523 39524**  **39525 39526**  **39527 39528**  **39529 39530** **39531 39532**  **39533 39534**  **39535 39536**  **39537 39538**  **39539 39540**  **39541 39542**  **39543 39544**  **39545 39546**  **39547 39548**  **39549 39550**  **39551 39552**  **39553 39554**  **39555 39556**  **39557 39558**  **39559 39560**  **39561 39562**  **39563 39564**  **39565 39566**  **39567 39568**  **39569 39570**  **39571 39572**  **39573 39574**  **39575 39576**  **39577 39578**  **39579 39580**  **39581 39582**  **39583 39584**  **39585 39586**  **39587 39588**  **39589 39590**  **39591 39592**  **39593 39594**  **39595 39596**  **39597 39598**  **39599**
**39600**
**39601**
**39602**
**39603**
**39604 39605** 
**39606**
**39607**
**39608**
**39609**
**39610**
**39611**
**39612**
**39613**
**39614 39615** 
**39616**
**39617**
**39618**
**39619**
**39620**
**39621**
**39622**
**39623**
**39624 39625** 
**39626**
**39627**
**39628**
**39629**
**39630**
**39631**
**39632 39633** 
**39634 39635** 
**39636**
**39637**
**39638**
**39639**
**39640**
**39641**
**39642**
**39643**
**39644 39645** 
**39646**
**39647**
**39648**
**39649 39650**  **39651 39652**  **39653 39654**  **39655 39656**  **39657 39658**  **39659**
**39660**
**39661**
**39662**
**39663**
**39664 39665** 
**39666**
**39667**
**39668**
**39669**
**39670**
**39671**
**39672**
**39673**
**39674 39675** 
**39676**
**39677**
**39678**
**39679**
**39680**
**39681**
**39682**
**39683 39684**  **39685**
**39686**
**39687**
**39688**
**39689**
**39690**
**39691**
**39692**
**39693**
**39694 39695** 
**39696**
**39697**
**39698**
**39699**
**39700**
**39701**
**39702**
**39703**
**39704 39705** 
**39706**
**39707**
**39708**
**39709**
**39710**
**39711**
**39712**
**39713**
**39714 39715** 
**39716**
**39717**
**39718**
**39719**
**39720**
**39721**
**39722**
**39723**
**39724 39725** 
**39726**
**39727**
**39728**
**39729**
**39730**
**39731**
**39732**
**39733**
**39734 39735** 
**39736**
**39737**
**39738**
**39739**
**39740**
**39741**
**39742**
**39743**
**39744 39745** 
**39746**
**39747**
**39748**
**39749 39750**  **39751 39752**  **39753 39754**  **39755 39756**  **39757 39758**  **39759**
**39760**
**39761**
**39762**
**39763**
**39764 39765** 
**39766**
**39767**
**39768**
**39769**
**39770**
**39771**
**39772**
**39773**
**39774 39775** 
**39776**
**39777**
**39778**
**39779**
**39780**
**39781**
**39782**
**39783**
**39784 39785** **39786**
**39787**
**39788**
**39789**
**39790**
**39791**
**39792**
**39793**
**39794 39795** 
**39796**
**39797**
**39798**
**39799**
**39800**
**39801**
**39802**
**39803**
**39804 39805** 
**39806**
**39807**
**39808**
**39809**
**39810**
**39811**
**39812 39813** 
**39814 39815** 
**39816**
**39817**
**39818**
**39819**
**39820**
**39821**
**39822**
**39823**
**39824 39825** 
**39826**
**39827**
**39828**
**39829**
**39830**
**39831**
**39832**
**39833**
**39834 39835** 
**39836 39837** 
**39838**
**39839**
**39840**
**39841**
**39842**
**39843**
**39844 39845** 
**39846**
**39847**
**39848**
**39849 39850**  **39851 39852**  **39853 39854**  **39855 39856**  **39857 39858**  **39859**
**39860**
**39861**
**39862**
**39863**
**39864 39865** 
**39866**
**39867**
**39868**
**39869**
**39870**
**39871**
**39872**
**39873**
**39874 39875** 
**39876**
**39877**
**39878**
**39879**
**39880**
**39881**
**39882**
**39883**
**39884 39885** 
**39886**
**39887 39888** 
**39889**
**39890**
**39891**
**39892**
**39893**
**39894 39895** 
**39896**
**39897**
**39898**
**39899**
**39900**
**39901**
**39902**
**39903**
**39904 39905** 
**39906**
**39907**
**39908**
**39909**
**39910**
**39911**
**39912**
**39913**
**39914 39915** 
**39916**
**39917**
**39918**
**39919**
**39920**
**39921**
**39922**
**39923**
**39924 39925** 
**39926**
**39927**
**39928**
**39929**
**39930**
**39931**
**39932**
**39933**
**39934 39935** 
**39936**
**39937**
**39938 39939** 
**39940**
**39941**
**39942**
**39943**
**39944 39945** 
**39946**
**39947**
**39948**
**39949 39950**  **39951 39952**  **39953 39954**  **39955 39956**  **39957 39958**  **39959**
**39960**
**39961**
**39962**
**39963**
**39964 39965** 
**39966**
**39967**
**39968**
**39969**
**39970**
**39971**
**39972**
**39973**
**39974 39975** 
**39976**
**39977**
**39978**
**39979**
**39980**
**39981**
**39982**
**39983**
**39984 39985** 
**39986**
**39987**
**39988**
**39989 39990** 
**39991**
**39992**
**39993**
**39994 39995** 
**39996**
**39997**
**39998**
**39999**
**40000**
**40001**
**40002**
**40003**
**40004 40005** 
**40006**
**40007**
**40008**
**40009**
**40010**
**40011**
**40012**
**40013**
**40014 40015** 
**40016**
**40017**
**40018**
**40019**
**40020**
**40021**
**40022**
**40023**
**40024 40025** 
**40026**
**40027**
**40028**
**40029**
**40030**
**40031**
**40032**
**40033**
**40034 40035** 
**40036**
**40037**
**40038**
**40039**
**40040 40041** 
**40042**
**40043**
**40044 40045** 
**40046**
**40047**
**40048**
**40049 40050**  **40051 40052**  **40053 40054**  **40055 40056**  **40057 40058**  **40059**
**40060**
**40061**
**40062**
**40063**
**40064 40065** 
**40066**
**40067**
**40068**
**40069**
**40070**
**40071**
**40072**
**40073**
**40074 40075** 
**40076**
**40077**
**40078**
**40079**
**40080**
**40081**
**40082**
**40083**
**40084 40085** 
**40086**
**40087**
**40088**
**40089**
**40090**
**40091 40092** 
**40093**
**40094 40095** 
**40096**
**40097**
**40098**
**40099**
**40100**
**40101**
**40102**
**40103**
**40104 40105** 
**40106**
**40107**
**40108**
**40109**
**40110**
**40111**
**40112**
**40113**
**40114 40115** 
**40116**
**40117**
**40118**
**40119**
**40120**
**40121**
**40122**
**40123**
**40124 40125** 
**40126**
**40127**
**40128**
**40129**
**40130**
**40131**
**40132**
**40133**
**40134 40135** 
**40136**
**40137**
**40138**
**40139**
**40140**
**40141**
**40142 40143** 
**40144 40145** 
**40146**
**40147**
**40148**
**40149 40150**  **40151 40152**  **40153 40154**  **40155 40156**  **40157 40158**  **40159**
**40160**
**40161**
**40162**
**40163**
**40164 40165** 
**40166**
**40167**
**40168**
**40169**
**40170**
**40171**
**40172**
**40173**
**40174 40175** 
**40176**
**40177 40178** 
**40179**
**40180**
**40181**
**40182**
**40183**
**40184 40185** 
**40186**
**40187**
**40188**
**40189**
**40190**
**40191**
**40192**
**40193 40194**  **40195**
**40196**
**40197**
**40198**
**40199**
**40200**
**40201**
**40202**
**40203**
**40204 40205** 
**40206**
**40207**
**40208**
**40209**
**40210**
**40211**
**40212**
**40213**
**40214 40215** 
**40216**
**40217**
**40218**
**40219**
**40220**
**40221**
**40222**
**40223**
**40224 40225** 
**40226**
**40227**
**40228**
**40229**
**40230**
**40231**
**40232**
**40233**
**40234 40235** 
**40236**
**40237**
**40238**
**40239**
**40240**
**40241**
**40242**
**40243**
**40244 40245** 
**40246**
**40247**
**40248**
**40249 40250**  **40251 40252**  **40253 40254**  **40255 40256**  **40257 40258**  **40259**
**40260**
**40261**
**40262**
**40263**
**40264 40265** 
**40266**
**40267**
**40268**
**40269**
**40270**
**40271**
**40272**
**40273**
**40274 40275** 
**40276**
**40277**
**40278**
**40279**
**40280**
**40281**
**40282**
**40283**
**40284 40285** 
**40286**
**40287**
**40288**
**40289**
**40290**
**40291**
**40292**
**40293**
**40294 40295** **40296**
**40297**
**40298**
**40299**
**40300**
**40301**
**40302**
**40303**
**40304 40305** 
**40306**
**40307**
**40308**
**40309**
**40310**
**40311**
**40312**
**40313**
**40314 40315** 
**40316**
**40317**
**40318**
**40319**
**40320**
**40321**
**40322**
**40323**
**40324 40325** 
**40326**
**40327**
**40328**
**40329**
**40330**
**40331**
**40332**
**40333**
**40334 40335** 
**40336**
**40337**
**40338**
**40339**
**40340**
**40341**
**40342**
**40343**
**40344 40345** 
**40346 40347** 
**40348**
**40349 40350**  **40351 40352**  **40353 40354**  **40355 40356**  **40357 40358**  **40359**
**40360**
**40361**
**40362**
**40363**
**40364 40365** 
**40366**
**40367**

### $0.00 $40.50 $0.00 $40.50 0 24 0.00% 100.00%



### $75.33 $40.65 $77.94 $35.72 16 8 66.67% 33.33% 

### $72.67 $39.74 $74.11 $35.92 16 8 66.67% 33.33%



### $67.57 $40.01 $70.31 $36.93 16 8 66.67% 33.33%



### $88.34 $42.39 $92.68 $42.30 16 8 66.67% 33.33% 

### $71.04 $38.89 $75.94 $40.00 16 8 66.67% 33.33% 

### $71.04 $38.89 $75.94 $40.00 16 8 66.67% 33.33% 

### $112.97 $35.86 $114.99 $37.00 16 8 66.67% 33.33% 

### $112.29 $34.40 $116.28 $36.00 16 8 66.67% 33.33% 

### $64.01 $43.74 $71.78 $44.50 16 8 66.67% 33.33%

### $0.00 $43.74 $0.00 $44.50 0 24 0.00% 100.00%



### $0.00 $44.62 $0.00 $44.75 0 24 0.00% 100.00% 

### $66.80 $44.62 $72.10 $44.75 16 8 66.67% 33.33% 

### $57.42 $32.87 $63.00 $34.21 16 8 66.67% 33.33% 

### $60.29 $33.98 $64.28 $34.30 16 8 66.67% 33.33% 

### $55.69 $33.12 $60.60 $33.01 16 8 66.67% 33.33% 

### $55.69 $33.12 $60.60 $33.01 16 8 66.67% 33.33% 

### $0.00 $42.39 $0.00 $45.89 0 24 0.00% 100.00% 

### $57.21 $42.39 $65.25 $45.89 16 8 66.67% 33.33% 

### $58.28 $31.23 $64.00 $30.15 16 8 66.67% 33.33% 

### $60.35 $33.31 $64.75 $33.96 16 8 66.67% 33.33% 

### $61.60 $33.00 $62.08 $33.90 16 8 66.67% 33.33% 

### $59.60 $33.12 $60.75 $31.29 16 8 66.67% 33.33% 

### $59.60 $33.12 $60.75 $31.29 16 8 66.67% 33.33% 

### $0.00 $41.50 $0.00 $37.75 0 24 0.00% 100.00% 

### $59.66 $41.50 $62.00 $37.75 16 8 66.67% 33.33% 

### $55.34 $31.47 $57.18 $31.00 16 8 66.67% 33.33% 

### $48.77 $31.14 $50.50 $30.25 16 8 66.67% 33.33% 

### $46.99 $32.23 $49.25 $31.25 16 8 66.67% 33.33% 

### $44.82 $31.94 $46.75 $30.75 16 8 66.67% 33.33% 

### $44.82 $31.94 $46.75 $30.75 16 8 66.67% 33.33% 

### $0.00 $35.00 $0.00 $35.60 0 24 0.00% 100.00% 

### $47.99 $35.00 $50.00 $35.60 16 8 66.67% 33.33% 

### $49.76 $31.93 $51.00 $28.00 16 8 66.67% 33.33% 

### $53.89 $34.93 $55.00 $28.67 16 8 66.67% 33.33% 

### $53.89 $34.93 $55.00 $28.67 16 8 66.67% 33.33% 

### $51.98 $35.71 $50.75 $28.00 16 8 66.67% 33.33% 

### $51.98 $35.71 $50.75 $28.00 16 8 66.67% 33.33% 

### $0.00 $41.42 $0.00 $36.75 0 24 0.00% 100.00% 

### $55.20 $36.30 $55.00 $29.50 16 8 66.67% 33.33% 

### $60.13 $38.60 $59.75 $31.75 16 8 66.67% 33.33% 

### $68.77 $41.01 $66.50 $36.50 16 8 66.67% 33.33% 

### $76.23 $42.75 $72.00 $36.40 16 8 66.67% 33.33% 

### $61.09 $40.71 $58.00 $35.00 16 8 66.67% 33.33% 

### $61.09 $40.71 $58.00 $35.00 16 8 66.67% 33.33% 

### $0.00 $46.11 $0.00 $43.00 0 24 0.00% 100.00% 

### $60.34 $46.11 $57.50 $43.00 16 8 66.67% 33.33% 

### $64.09 $38.99 $60.00 $35.25 16 8 66.67% 33.33% 

### $61.31 $44.50 $60.75 $38.75 16 8 66.67% 33.33% 

### $64.07 $46.73 $60.00 $39.50 16 8 66.67% 33.33% 

### $60.70 $45.77 $60.00 $40.00 16 8 66.67% 33.33% 

### $60.70 $45.77 $60.00 $40.00 16 8 66.67% 33.33% 

### $0.00 $48.35 $0.00 $42.14 0 24 0.00% 100.00% 

### $59.06 $48.35 $57.00 $42.14 16 8 66.67% 33.33% 

### $57.18 $41.32 $55.00 $26.00 16 8 66.67% 33.33% 

### $58.56 $43.29 $55.00 $33.50 16 8 66.67% 33.33% 

### $57.28 $41.89 $53.50 $34.35 16 8 66.67% 33.33% 

### $57.05 $44.22 $53.00 $36.00 16 8 66.67% 33.33% 

### $57.05 $44.22 $53.00 $36.00 16 8 66.67% 33.33% 

### $0.00 $48.60 $0.00 $44.46 0 24 0.00% 100.00% 

### $60.07 $48.60 $57.15 $44.46 16 8 66.67% 33.33%

### $57.87 $41.91 $54.00 $30.00 16 8 66.67% 33.33%



### $57.97 $44.28 $54.30 $34.54 16 8 66.67% 33.33% 

### $59.32 $43.42 $55.50 $35.49 16 8 66.67% 33.33% 

### $59.93 $50.15 $57.75 $35.00 16 8 66.67% 33.33% 

### $59.93 $50.15 $57.75 $35.00 16 8 66.67% 33.33% 

### $0.00 $50.25 $0.00 $47.35 0 24 0.00% 100.00% 

### $64.07 $50.25 $58.00 $47.35 16 8 66.67% 33.33% 

### $62.84 $44.08 $59.40 $37.12 16 8 66.67% 33.33% 

### $61.21 $44.78 $61.56 $37.50 16 8 66.67% 33.33% 

### $60.56 $46.78 $57.64 $37.08 16 8 66.67% 33.33% 

### $58.98 $45.96 $58.00 $38.00 16 8 66.67% 33.33% 

### $58.98 $45.96 $58.00 $38.00 16 8 66.67% 33.33% 

### $0.00 $44.76 $0.00 $42.00 0 24 0.00% 100.00% 

### $52.83 $44.76 $52.75 $42.00 16 8 66.67% 33.33% 

### $54.20 $41.44 $54.30 $38.00 16 8 66.67% 33.33% 

### $56.36 $41.99 $56.25 $36.50 16 8 66.67% 33.33% 

### $56.36 $41.99 $56.25 $36.50 16 8 66.67% 33.33% 

### $55.03 $39.32 $53.00 $30.50 16 8 66.67% 33.33% 

### $55.03 $39.32 $53.00 $30.50 16 8 66.67% 33.33% 

### $0.00 $40.85 $0.00 $38.00 0 24 0.00% 100.00% 

### $50.89 $40.85 $52.00 $38.00 16 8 66.67% 33.33% 

### $51.36 $35.91 $51.75 $33.50 16 8 66.67% 33.33% 

### $52.32 $37.02 $53.00 $32.00 16 8 66.67% 33.33% 

### $49.30 $32.44 $50.00 $30.50 16 8 66.67% 33.33% 

### $45.51 $30.94 $48.00 $30.50 16 8 66.67% 33.33% 

### $45.51 $30.94 $48.00 $30.50 16 8 66.67% 33.33% 

### $0.00 $35.66 $0.00 $35.50 0 24 0.00% 100.00% 

### $43.26 $35.66 $46.00 $35.50 16 8 66.67% 33.33% 

### $45.39 $34.30 $46.25 $33.75 16 8 66.67% 33.33% 

### $45.39 $34.30 $46.25 $33.75 16 8 66.67% 33.33% 

### $0.00 $37.52 $0.00 $40.00 0 24 0.00% 100.00% 

### $41.37 $37.52 $41.00 $40.00 16 8 66.67% 33.33% 

### $41.37 $37.52 $41.00 $40.00 16 8 66.67% 33.33% 

### $0.00 $41.91 $0.00 $41.75 0 24 0.00% 100.00% 

### $45.08 $41.91 $48.50 $41.75 16 8 66.67% 33.33% 

### $61.28 $44.68 $62.50 $44.50 16 8 66.67% 33.33% 

### $64.28 $50.72 $68.00 $50.00 16 8 66.67% 33.33% 

### $64.28 $50.72 $68.00 $50.00 16 8 66.67% 33.33% 

### $66.88 $52.31 $67.50 $49.75 16 8 66.67% 33.33% 

### $60.82 $47.01 $63.00 $45.75 16 8 66.67% 33.33% 

### $0.00 $50.49 $0.00 $48.75 0 24 0.00% 100.00% 

### $58.28 $50.49 $59.50 $48.75 16 8 66.67% 33.33% 

### $53.52 $42.83 $55.75 $38.50 16 8 66.67% 33.33% 

### $57.37 $44.51 $58.75 $43.00 16 8 66.67% 33.33% 

### $57.05 $44.36 $57.00 $41.75 16 8 66.67% 33.33% 

### $54.30 $42.14 $54.00 $39.50 16 8 66.67% 33.33% 

### $54.30 $42.14 $54.00 $39.50 16 8 66.67% 33.33% 

### $0.00 $53.91 $0.00 $49.00 0 24 0.00% 100.00% 

### $55.07 $53.91 $60.50 $49.00 16 8 66.67% 33.33% 

### $57.20 $47.08 $69.00 $48.50 16 8 66.67% 33.33% 

### $63.51 $51.59 $70.50 $49.50 16 8 66.67% 33.33%

### $66.66 $53.95 $73.50 $52.25 16 8 66.67% 33.33%



### $67.58 $54.53 $73.25 $55.00 16 8 66.67% 33.33% 

### $67.58 $54.53 $73.25 $55.00 16 8 66.67% 33.33% 

### $0.00 $54.65 $0.00 $55.50 0 24 0.00% 100.00% 

### $65.94 $54.65 $67.25 $55.50 16 8 66.67% 33.33% 

### $60.02 $45.15 $62.50 $45.50 16 8 66.67% 33.33% 

### $60.36 $45.12 $63.50 $45.25 16 8 66.67% 33.33% 

### $60.36 $45.12 $63.50 $45.25 16 8 66.67% 33.33% 

### $60.13 $47.83 $61.25 $48.50 16 8 66.67% 33.33% 

### $60.13 $47.83 $61.25 $48.50 16 8 66.67% 33.33% 

### $0.00 $52.75 $0.00 $51.50 0 24 0.00% 100.00% 

### $57.87 $52.75 $60.00 $51.50 16 8 66.67% 33.33% 

### $0.00 $51.31 $0.00 $49.00 0 24 0.00% 100.00% 

### $56.38 $51.31 $56.00 $49.00 16 8 66.67% 33.33% 

### $59.67 $50.18 $60.00 $47.50 16 8 66.67% 33.33% 

### $58.65 $50.10 $59.00 $48.25 16 8 66.67% 33.33% 

### $58.65 $50.10 $59.00 $48.25 16 8 66.67% 33.33% 

### $0.00 $55.57 $0.00 $52.00 0 24 0.00% 100.00% 

### $62.04 $55.57 $63.75 $52.00 16 8 66.67% 33.33% 

### $0.00 $51.01 $0.00 $48.00 16 8 66.67% 33.33% 

### $59.80 $51.01 $60.25 $48.00 16 8 66.67% 33.33% 

### $64.55 $50.40 $65.00 $45.50 16 8 66.67% 33.33% 

### $61.33 $47.24 $59.25 $43.50 16 8 66.67% 33.33% 

### $61.33 $47.24 $59.25 $43.50 16 8 66.67% 33.33% 

### $0.00 $51.29 $0.00 $48.49 0 24 0.00% 100.00% 

### $60.23 $51.29 $60.54 $48.49 16 8 66.67% 33.33% 

### $62.23 $51.67 $62.18 $49.75 16 8 66.67% 33.33% 

### $62.45 $50.03 $62.74 $49.25 16 8 66.67% 33.33% 

### $63.35 $50.19 $63.96 $49.50 16 8 66.67% 33.33% 

### $61.96 $48.97 $61.47 $49.25 16 8 66.67% 33.33% 

### $61.96 $48.97 $61.47 $49.25 16 8 66.67% 33.33% 

### $0.00 $56.54 $0.00 $57.00 0 24 0.00% 100.00% 

### $65.82 $56.54 $66.95 $57.00 16 8 66.67% 33.33% 

### $68.42 $53.89 $71.75 $54.00 16 8 66.67% 33.33% 

### $72.37 $57.86 $80.50 $58.75 16 8 66.67% 33.33% 

### $72.37 $57.86 $80.50 $58.75 16 8 66.67% 33.33% 

### $70.96 $56.14 $71.00 $57.50 16 8 66.67% 33.33% 

### $70.96 $56.14 $71.00 $57.50 16 8 66.67% 33.33% 

### $0.00 $61.80 $0.00 $64.50 0 24 0.00% 100.00% 

### $70.95 $61.80 $74.00 $64.50 16 8 66.67% 33.33% 

### $73.64 $60.67 $79.50 $61.00 16 8 66.67% 33.33% 

### $65.06 $57.61 $72.50 $58.00 16 8 66.67% 33.33% 

### $65.94 $56.56 $70.50 $57.75 16 8 66.67% 33.33% 

### $61.66 $56.70 $65.56 $58.50 16 8 66.67% 33.33% 

### $61.66 $56.70 $65.56 $58.50 16 8 66.67% 33.33% 

### $0.00 $59.01 $0.00 $59.00 0 24 0.00% 100.00% 

### $62.67 $59.01 $68.14 $59.00 16 8 66.67% 33.33% 

### $62.82 $52.84 $68.04 $54.75 16 8 66.67% 33.33% 

### $65.89 $56.58 $72.63 $58.00 16 8 66.67% 33.33% 

### $67.61 $57.98 $75.68 $59.75 16 8 66.67% 33.33% 

### $65.64 $58.50 $72.75 $62.50 16 8 66.67% 33.33%

### $65.64 $58.50 $72.75 $62.50 16 8 66.67% 33.33%



### $0.00 $59.10 $0.00 $58.50 0 24 0.00% 100.00% 

### $69.54 $59.10 $71.50 $58.50 16 8 66.67% 33.33% 

### $69.70 $53.87 $74.75 $56.00 16 8 66.67% 33.33% 

### $73.90 $57.40 $79.50 $58.00 16 8 66.67% 33.33% 

### $73.71 $56.57 $75.50 $57.00 16 8 66.67% 33.33% 

### $66.43 $55.48 $66.50 $56.50 16 8 66.67% 33.33% 

### $66.43 $55.48 $66.50 $56.50 16 8 66.67% 33.33% 

### $0.00 $55.62 $0.00 $53.50 0 24 0.00% 100.00% 

### $67.28 $55.62 $69.21 $53.50 16 8 66.67% 33.33% 

### $68.65 $53.42 $70.34 $54.00 16 8 66.67% 33.33% 

### $68.16 $51.68 $69.25 $51.50 16 8 66.67% 33.33% 

### $68.16 $51.68 $69.25 $51.50 16 8 66.67% 33.33% 

### $65.35 $50.82 $68.00 $50.00 16 8 66.67% 33.33% 

### $65.35 $50.82 $68.00 $50.00 16 8 66.67% 33.33% 

### $0.00 $54.72 $0.00 $54.75 0 24 0.00% 100.00% 

### $68.42 $54.72 $69.00 $54.75 16 8 66.67% 33.33% 

### $68.72 $53.13 $69.50 $52.00 16 8 66.67% 33.33% 

### $71.97 $55.90 $73.00 $55.00 16 8 66.67% 33.33% 

### $71.68 $56.64 $72.00 $56.25 16 8 66.67% 33.33% 

### $68.25 $54.66 $68.50 $55.00 16 8 66.67% 33.33% 

### $68.25 $54.66 $68.50 $55.00 16 8 66.67% 33.33% 

### $0.00 $60.07 $0.00 $59.75 0 24 0.00% 100.00% 

### $70.41 $60.07 $72.00 $59.75 16 8 66.67% 33.33% 

### $74.08 $57.42 $76.50 $57.00 16 8 66.67% 33.33% 

### $74.50 $56.30 $76.75 $57.75 16 8 66.67% 33.33% 

### $74.50 $56.30 $76.75 $57.75 16 8 66.67% 33.33% 

### $73.19 $55.60 $76.75 $56.00 16 8 66.67% 33.33% 

### $68.29 $56.91 $70.00 $59.25 16 8 66.67% 33.33% 

### $0.00 $61.24 $0.00 $64.25 0 24 0.00% 100.00% 

### $70.52 $61.24 $74.00 $64.25 16 8 66.67% 33.33% 

### $71.75 $58.39 $75.50 $58.75 16 8 66.67% 33.33% 

### $73.83 $61.45 $79.69 $63.50 16 8 66.67% 33.33% 

### $74.69 $62.95 $79.25 $65.50 16 8 66.67% 33.33% 

### $73.82 $64.80 $76.25 $66.75 16 8 66.67% 33.33% 

### $73.82 $64.80 $76.25 $66.75 16 8 66.67% 33.33% 

### $0.00 $71.65 $0.00 $71.50 0 24 0.00% 100.00% 

### $80.19 $71.65 $81.50 $71.50 16 8 66.67% 33.33% 

### $80.97 $67.39 $84.25 $69.00 16 8 66.67% 33.33% 

### $83.41 $65.45 $85.00 $64.50 16 8 66.67% 33.33% 

### $78.30 $61.23 $79.25 $62.00 16 8 66.67% 33.33% 

### $72.04 $59.66 $73.75 $60.00 16 8 66.67% 33.33% 

### $72.04 $59.66 $73.75 $60.00 16 8 66.67% 33.33% 

### $0.00 $66.18 $0.00 $66.00 0 24 0.00% 100.00% 

### $76.50 $66.18 $78.25 $66.00 16 8 66.67% 33.33% 

### $78.74 $57.62 $82.00 $59.50 16 8 66.67% 33.33% 

### $77.74 $58.53 $80.00 $60.00 16 8 66.67% 33.33% 

### $77.74 $58.53 $80.00 $60.00 16 8 66.67% 33.33% 

### $70.31 $54.00 $70.50 $52.50 16 8 66.67% 33.33% 

### $70.31 $54.00 $70.50 $52.50 16 8 66.67% 33.33% 

### $0.00 $52.64 $0.00 $54.25 0 24 0.00% 100.00%

### $65.70 $52.64 $66.50 $54.25 16 8 66.67% 33.33%



### $71.30 $52.67 $71.75 $53.25 16 8 66.67% 33.33% 

### $73.10 $55.00 $74.00 $56.50 16 8 66.67% 33.33% 

### $77.21 $56.85 $79.50 $57.75 16 8 66.67% 33.33% 

### $75.76 $59.80 $79.25 $62.00 16 8 66.67% 33.33% 

### $75.76 $59.80 $79.25 $62.00 16 8 66.67% 33.33% 

### $0.00 $71.82 $0.00 $71.50 0 24 0.00% 100.00% 

### $82.66 $71.82 $86.50 $71.50 16 8 66.67% 33.33% 

### $91.60 $69.76 $95.00 $70.25 16 8 66.67% 33.33% 

### $86.95 $65.92 $91.00 $66.50 16 8 66.67% 33.33% 

### $79.20 $63.93 $83.25 $67.00 16 8 66.67% 33.33% 

### $82.56 $67.72 $84.50 $69.50 16 8 66.67% 33.33% 

### $82.56 $67.72 $84.50 $69.50 16 8 66.67% 33.33% 

### $0.00 $79.76 $0.00 $78.86 0 24 0.00% 100.00% 

### $88.67 $79.76 $90.50 $78.86 16 8 66.67% 33.33% 

### $87.27 $75.63 $87.25 $75.00 16 8 66.67% 33.33% 

### $82.61 $70.82 $82.50 $70.50 16 8 66.67% 33.33% 

### $79.27 $64.99 $79.75 $64.75 16 8 66.67% 33.33% 

### $81.64 $67.16 $84.00 $68.00 16 8 66.67% 33.33% 

### $81.64 $67.16 $84.00 $68.00 16 8 66.67% 33.33% 

### $0.00 $78.82 $0.00 $78.75 0 24 0.00% 100.00% 

### $97.99 $78.82 $103.75 $78.75 16 8 66.67% 33.33% 

### $89.66 $67.79 $92.50 $66.75 16 8 66.67% 33.33% 

### $85.21 $62.82 $86.50 $64.00 16 8 66.67% 33.33% 

### $85.42 $63.61 $87.00 $64.50 16 8 66.67% 33.33% 

### $85.67 $68.30 $86.00 $70.00 16 8 66.67% 33.33% 

### $85.67 $68.30 $86.00 $70.00 16 8 66.67% 33.33% 

### $0.00 $71.29 $0.00 $72.00 0 24 0.00% 100.00% 

### $89.48 $71.29 $88.75 $72.00 16 8 66.67% 33.33% 

### $94.82 $72.01 $95.25 $74.25 16 8 66.67% 33.33% 

### $94.00 $72.70 $94.50 $73.50 16 8 66.67% 33.33% 

### $86.61 $67.58 $81.50 $66.00 16 8 66.67% 33.33% 

### $87.20 $67.30 $83.00 $65.50 16 8 66.67% 33.33% 

### $87.20 $67.30 $83.00 $65.50 16 8 66.67% 33.33% 

### $0.00 $81.97 $0.00 $77.00 0 24 0.00% 100.00% 

### $99.92 $81.97 $96.25 $77.00 16 8 66.67% 33.33% 

### $97.38 $70.86 $94.50 $68.00 16 8 66.67% 33.33% 

### $90.53 $65.36 $88.25 $59.50 16 8 66.67% 33.33% 

### $83.78 $65.94 $82.00 $64.25 16 8 66.67% 33.33% 

### $80.82 $67.72 $81.00 $67.00 16 8 66.67% 33.33% 

### $80.82 $67.72 $81.00 $67.00 16 8 66.67% 33.33% 

### $0.00 $68.34 $0.00 $67.50 0 24 0.00% 100.00% 

### $81.11 $68.34 $81.25 $67.50 16 8 66.67% 33.33% 

### $81.94 $68.25 $82.50 $64.50 16 8 66.67% 33.33% 

### $82.34 $67.21 $82.00 $65.50 16 8 66.67% 33.33% 

### $77.75 $64.41 $79.00 $64.00 16 8 66.67% 33.33% 

### $78.73 $65.11 $81.00 $64.50 16 8 66.67% 33.33% 

### $78.73 $65.11 $81.00 $64.50 16 8 66.67% 33.33% 

### $0.00 $67.19 $0.00 $69.00 0 24 0.00% 100.00% 

### $84.80 $67.19 $84.25 $69.00 16 8 66.67% 33.33% 

### $88.66 $60.75 $86.00 $54.00 16 8 66.67% 33.33%

### $84.45 $59.16 $85.05 $58.00 16 8 66.67% 33.33%



### $86.32 $66.50 $90.00 $63.00 16 8 66.67% 33.33% 

### $91.61 $73.96 $95.00 $66.50 16 8 66.67% 33.33% 

### $91.61 $73.96 $95.00 $66.50 16 8 66.67% 33.33% 

### $0.00 $75.80 $0.00 $69.00 0 24 0.00% 100.00% 

### $95.78 $75.80 $96.00 $69.00 16 8 66.67% 33.33% 

### $100.55 $57.08 $103.75 $48.98 16 8 66.67% 33.33% 

### $83.95 $57.75 $87.75 $48.00 16 8 66.67% 33.33% 

### $83.95 $57.75 $87.75 $48.00 16 8 66.67% 33.33% 

### $73.38 $49.75 $69.00 $41.50 16 8 66.67% 33.33% 

### $73.38 $49.75 $69.00 $41.50 16 8 66.67% 33.33% 

### $0.00 $42.00 $0.00 $34.00 0 24 0.00% 100.00% 

### $0.00 $42.00 $0.00 $34.00 0 24 0.00% 100.00% 

### $77.05 $31.00 $73.25 $23.00 16 8 66.67% 33.33% 

### $81.76 $21.00 $75.00 $14.00 16 8 66.67% 33.33% 

### $79.65 $24.25 $73.00 $18.00 16 8 66.67% 33.33% 

### $73.00 $30.00 $72.00 $25.00 16 8 66.67% 33.33% 

### $73.00 $30.00 $72.00 $25.00 16 8 66.67% 33.33% 

### $0.00 $51.00 $0.00 $41.00 0 24 0.00% 100.00% 

### $79.60 $51.00 $74.00 $41.00 16 8 66.67% 33.33% 

### $94.02 $48.00 $90.00 $36.00 16 8 66.67% 33.33% 

### $91.91 $48.95 $83.00 $38.00 16 8 66.67% 33.33% 

### $84.11 $47.25 $76.00 $31.25 16 8 66.67% 33.33% 

### $80.82 $43.58 $67.75 $31.50 16 8 66.67% 33.33% 

### $80.82 $43.58 $67.75 $31.50 16 8 66.67% 33.33% 

### $0.00 $62.00 $0.00 $42.25 0 24 0.00% 100.00% 

### $87.47 $62.00 $78.50 $42.25 16 8 66.67% 33.33% 

### $99.86 $50.94 $90.75 $33.50 16 8 66.67% 33.33% 

### $91.83 $47.26 $88.50 $33.75 16 8 66.67% 33.33% 

### $93.25 $45.50 $90.00 $34.74 16 8 66.67% 33.33% 

### $96.63 $48.98 $91.00 $34.50 16 8 66.67% 33.33% 

### $96.63 $48.98 $91.00 $34.50 16 8 66.67% 33.33% 

### $0.00 $74.86 $0.00 $60.00 0 24 0.00% 100.00% 

### $101.11 $74.86 $108.00 $60.00 16 8 66.67% 33.33% 

### $120.26 $62.65 $130.25 $49.75 16 8 66.67% 33.33% 

### $137.61 $69.43 $140.67 $59.64 16 8 66.67% 33.33% 

### $139.01 $76.43 $145.00 $65.00 16 8 66.67% 33.33% 

### $133.74 $78.31 $135.29 $64.75 16 8 66.67% 33.33% 

### $133.74 $78.31 $135.29 $64.75 16 8 66.67% 33.33% 

### $0.00 $90.36 $0.00 $87.00 0 24 0.00% 100.00% 

### $119.80 $90.36 $122.25 $87.00 16 8 66.67% 33.33% 

### $116.36 $70.99 $122.00 $61.25 16 8 66.67% 33.33% 

### $112.15 $68.21 $113.00 $58.00 16 8 66.67% 33.33% 

### $105.34 $56.31 $106.00 $50.25 16 8 66.67% 33.33% 

### $102.18 $58.52 $105.00 $50.50 16 8 66.67% 33.33% 

### $102.18 $58.52 $105.00 $50.50 16 8 66.67% 33.33% 

### $0.00 $83.16 $0.00 $76.25 0 24 0.00% 100.00% 

### $117.56 $83.16 $118.00 $76.25 16 8 66.67% 33.33% 

### $133.29 $73.19 $132.00 $64.44 16 8 66.67% 33.33% 

### $134.40 $79.20 $132.36 $69.06 16 8 66.67% 33.33% 

### $134.40 $79.20 $132.36 $69.06 16 8 66.67% 33.33%

### $0.00 $84.16 $0.00 $76.92 0 24 0.00% 100.00%



### $106.99 $84.16 $100.57 $76.92 16 8 66.67% 33.33% 

### $0.00 $77.67 $0.00 $66.00 0 24 0.00% 100.00% 

### $138.81 $77.67 $134.23 $66.00 16 8 66.67% 33.33% 

### $145.05 $71.62 $136.43 $58.79 16 8 66.67% 33.33% 

### $126.67 $68.91 $117.79 $57.06 16 8 66.67% 33.33% 

### $112.27 $62.46 $110.39 $56.89 16 8 66.67% 33.33% 

### $89.18 $58.82 $89.03 $53.92 16 8 66.67% 33.33% 

### $89.18 $58.82 $89.03 $53.92 16 8 66.67% 33.33% 

### $0.00 $78.25 $0.00 $72.75 0 24 0.00% 100.00% 

### $100.96 $78.25 $100.25 $72.75 16 8 66.67% 33.33% 

### $102.98 $68.44 $103.00 $66.28 16 8 66.67% 33.33% 

### $107.46 $71.13 $106.50 $67.88 16 8 66.67% 33.33% 

### $100.02 $69.90 $99.50 $67.03 16 8 66.67% 33.33% 

### $100.44 $70.38 $98.75 $68.00 16 8 66.67% 33.33% 

### $100.44 $70.38 $98.75 $68.00 16 8 66.67% 33.33% 

### $0.00 $75.21 $0.00 $76.50 0 24 0.00% 100.00% 

### $95.39 $75.21 $97.25 $76.50 16 8 66.67% 33.33% 

### $98.48 $64.79 $102.50 $63.00 16 8 66.67% 33.33% 

### $98.25 $63.62 $98.75 $63.25 16 8 66.67% 33.33% 

### $98.05 $62.18 $99.50 $62.00 16 8 66.67% 33.33% 

### $92.66 $61.73 $91.25 $60.50 16 8 66.67% 33.33% 

### $92.66 $61.73 $91.25 $60.50 16 8 66.67% 33.33% 

### $0.00 $64.93 $0.00 $64.00 0 24 0.00% 100.00% 

### $88.06 $64.93 $91.50 $64.00 16 8 66.67% 33.33% 

### $86.07 $57.71 $88.11 $57.00 16 8 66.67% 33.33% 

### $86.47 $54.62 $89.06 $53.22 16 8 66.67% 33.33% 

### $82.76 $53.06 $82.25 $50.99 16 8 66.67% 33.33% 

### $84.99 $55.52 $84.57 $55.00 16 8 66.67% 33.33% 

### $84.99 $55.52 $84.57 $55.00 16 8 66.67% 33.33% 

### $0.00 $64.25 $0.00 $63.00 0 24 0.00% 100.00% 

### $86.84 $64.25 $88.04 $63.00 16 8 66.67% 33.33% 

### $90.74 $57.55 $94.00 $54.75 16 8 66.67% 33.33% 

### $81.28 $52.24 $83.79 $50.50 16 8 66.67% 33.33% 

### $82.08 $52.70 $82.71 $52.00 16 8 66.67% 33.33% 

### $77.43 $53.04 $78.89 $51.00 16 8 66.67% 33.33% 

### $77.43 $53.04 $78.89 $51.00 16 8 66.67% 33.33% 

### $0.00 $59.07 $0.00 $57.25 0 24 0.00% 100.00% 

### $79.26 $59.07 $78.11 $57.25 16 8 66.67% 33.33% 

### $83.67 $51.70 $84.44 $50.00 16 8 66.67% 33.33% 

### $81.06 $49.50 $80.36 $45.25 16 8 66.67% 33.33% 

### $81.15 $49.34 $79.14 $47.00 16 8 66.67% 33.33% 

### $77.72 $50.68 $76.63 $50.50 16 8 66.67% 33.33% 

### $77.72 $50.68 $76.63 $50.50 16 8 66.67% 33.33% 

### $0.00 $57.46 $0.00 $55.00 0 24 0.00% 100.00% 

### $76.29 $57.46 $75.39 $55.00 16 8 66.67% 33.33% 

### $72.66 $47.63 $72.08 $46.66 16 8 66.67% 33.33% 

### $69.81 $46.09 $68.54 $44.96 16 8 66.67% 33.33% 

### $72.20 $47.61 $70.52 $45.79 16 8 66.67% 33.33% 

### $70.34 $47.30 $67.04 $46.38 16 8 66.67% 33.33% 

### $70.34 $47.30 $67.04 $46.38 16 8 66.67% 33.33%

### $0.00 $59.87 $0.00 $58.50 0 24 0.00% 100.00%



### $77.50 $59.87 $74.21 $58.50 16 8 66.67% 33.33% 

### $76.67 $46.99 $75.81 $45.44 16 8 66.67% 33.33% 

### $81.34 $47.79 $80.13 $46.50 16 8 66.67% 33.33% 

### $81.34 $47.79 $80.13 $46.50 16 8 66.67% 33.33% 

### $77.69 $48.41 $74.09 $46.00 16 8 66.67% 33.33% 

### $77.69 $48.41 $74.09 $46.00 16 8 66.67% 33.33% 

### $0.00 $57.50 $0.00 $55.50 0 24 0.00% 100.00% 

### $0.00 $45.59 $0.00 $44.00 0 24 0.00% 100.00% 

### $68.09 $45.59 $61.38 $44.00 16 8 66.67% 33.33% 

### $65.57 $40.08 $59.71 $39.58 16 8 66.67% 33.33% 

### $67.77 $37.29 $58.48 $33.82 16 8 66.67% 33.33% 

### $66.12 $38.65 $61.13 $37.50 16 8 66.67% 33.33% 

### $66.12 $38.65 $61.13 $37.50 16 8 66.67% 33.33% 

### $0.00 $46.72 $0.00 $45.00 0 24 0.00% 100.00% 

### $63.55 $46.72 $60.44 $45.00 16 8 66.67% 33.33% 

### $61.96 $39.57 $61.00 $37.50 16 8 66.67% 33.33% 

### $56.09 $38.27 $56.78 $36.79 16 8 66.67% 33.33% 

### $58.08 $39.91 $59.42 $38.61 16 8 66.67% 33.33% 

### $56.01 $36.98 $57.27 $34.76 16 8 66.67% 33.33% 

### $56.01 $36.98 $57.27 $34.76 16 8 66.67% 33.33% 

### $0.00 $44.03 $0.00 $47.00 0 24 0.00% 100.00% 

### $57.52 $44.03 $57.75 $47.00 16 8 66.67% 33.33% 

### $55.81 $35.83 $56.32 $36.50 16 8 66.67% 33.33% 

### $54.79 $36.68 $56.58 $32.50 16 8 66.67% 33.33% 

### $55.21 $36.14 $55.19 $34.50 16 8 66.67% 33.33% 

### $55.60 $41.15 $52.97 $38.00 16 8 66.67% 33.33% 

### $55.60 $41.15 $52.97 $38.00 16 8 66.67% 33.33% 

### $0.00 $44.31 $0.00 $40.25 0 24 0.00% 100.00% 

### $54.21 $44.31 $51.00 $40.25 16 8 66.67% 33.33% 

### $53.41 $36.91 $51.71 $34.25 16 8 66.67% 33.33% 

### $53.90 $35.18 $54.84 $33.50 16 8 66.67% 33.33% 

### $56.72 $36.72 $55.73 $33.25 16 8 66.67% 33.33% 

### $53.37 $38.00 $51.78 $35.00 16 8 66.67% 33.33% 

### $53.37 $38.00 $51.78 $35.00 16 8 66.67% 33.33% 

### $0.00 $44.42 $0.00 $41.94 0 24 0.00% 100.00% 

### $53.04 $44.42 $51.65 $41.94 16 8 66.67% 33.33% 

### $57.96 $40.00 $55.95 $35.74 16 8 66.67% 33.33% 

### $56.54 $37.71 $55.10 $33.57 16 8 66.67% 33.33% 

### $56.14 $38.54 $56.75 $36.50 16 8 66.67% 33.33% 

### $55.26 $39.28 $54.77 $36.54 16 8 66.67% 33.33% 

### $55.26 $39.28 $54.77 $36.54 16 8 66.67% 33.33% 

### $0.00 $40.01 $0.00 $37.75 0 24 0.00% 100.00% 

### $53.75 $40.01 $54.26 $37.75 16 8 66.67% 33.33% 

### $52.85 $35.35 $52.51 $32.77 16 8 66.67% 33.33% 

### $52.01 $34.62 $52.75 $33.26 16 8 66.67% 33.33% 

### $50.05 $34.16 $49.90 $33.25 16 8 66.67% 33.33% 

### $44.57 $32.43 $41.96 $31.55 16 8 66.67% 33.33% 

### $44.57 $32.43 $41.96 $31.55 16 8 66.67% 33.33% 

### $0.00 $26.11 $0.00 $24.77 0 24 0.00% 100.00% 

### $37.74 $26.11 $35.00 $24.77 16 8 66.67% 33.33%

### $34.63 $26.28 $34.00 $24.50 16 8 66.67% 33.33%



### $31.72 $21.63 $33.55 $19.69 16 8 66.67% 33.33% 

### $36.95 $23.87 $38.00 $22.89 16 8 66.67% 33.33% 

### $42.96 $28.68 $42.24 $25.74 16 8 66.67% 33.33% 

### $42.96 $28.68 $42.24 $25.74 16 8 66.67% 33.33% 

### $0.00 $34.79 $0.00 $30.53 0 24 0.00% 100.00% 

### $44.71 $34.79 $41.31 $30.53 16 8 66.67% 33.33% 

### $49.95 $31.92 $49.75 $26.72 16 8 66.67% 33.33% 

### $50.40 $31.50 $50.25 $30.25 16 8 66.67% 33.33% 

### $52.35 $33.46 $51.09 $30.50 16 8 66.67% 33.33% 

### $44.22 $31.92 $43.86 $27.75 16 8 66.67% 33.33% 

### $44.22 $31.92 $43.86 $27.75 16 8 66.67% 33.33% 

### $0.00 $29.26 $0.00 $26.14 0 24 0.00% 100.00% 

### $39.65 $29.26 $40.25 $26.14 16 8 66.67% 33.33% 

### $40.92 $27.66 $39.96 $25.84 16 8 66.67% 33.33% 

### $42.43 $30.17 $42.50 $27.43 16 8 66.67% 33.33% 

### $42.43 $30.17 $42.50 $27.43 16 8 66.67% 33.33% 

### $42.05 $31.95 $41.25 $30.30 16 8 66.67% 33.33% 

### $34.47 $29.69 $33.38 $27.17 16 8 66.67% 33.33% 

### $0.00 $28.93 $0.00 $28.00 0 24 0.00% 100.00% 

### $33.69 $28.93 $36.19 $28.00 16 8 66.67% 33.33% 

### $30.03 $19.87 $33.15 $21.57 16 8 66.67% 33.33% 

### $36.19 $25.83 $38.35 $26.18 16 8 66.67% 33.33% 

### $43.05 $31.68 $46.93 $31.61 16 8 66.67% 33.33% 

### $46.82 $37.68 $47.19 $36.00 16 8 66.67% 33.33% 

### $46.82 $37.68 $47.19 $36.00 16 8 66.67% 33.33% 

### $0.00 $41.20 $0.00 $42.25 0 24 0.00% 100.00% 

### $43.49 $41.20 $45.25 $42.25 16 8 66.67% 33.33% 

### $50.26 $38.52 $47.50 $34.50 16 8 66.67% 33.33% 

### $50.26 $38.52 $47.50 $34.50 16 8 66.67% 33.33% 

### $40.77 $32.48 $38.08 $28.11 16 8 66.67% 33.33% 

### $37.53 $30.02 $36.41 $26.54 16 8 66.67% 33.33% 

### $37.53 $30.02 $36.41 $26.54 16 8 66.67% 33.33% 

### $0.00 $30.58 $0.00 $27.25 0 24 0.00% 100.00% 

### $35.16 $30.58 $34.25 $27.25 16 8 66.67% 33.33% 

### $40.90 $30.67 $36.00 $25.04 16 8 66.67% 33.33% 

### $44.84 $33.89 $37.05 $23.25 16 8 66.67% 33.33% 

### $46.78 $36.95 $44.24 $27.14 16 8 66.67% 33.33% 

### $44.56 $33.36 $42.50 $24.83 16 8 66.67% 33.33% 

### $44.56 $33.36 $42.50 $24.83 16 8 66.67% 33.33% 

### $0.00 $34.74 $0.00 $31.00 0 24 0.00% 100.00% 

### $43.30 $34.74 $40.86 $31.00 16 8 66.67% 33.33% 

### $47.50 $38.12 $44.25 $33.61 16 8 66.67% 33.33% 

### $47.50 $38.12 $44.25 $33.61 16 8 66.67% 33.33% 

### $0.00 $38.12 $0.00 $33.61 0 24 0.00% 100.00% 

### $39.37 $36.24 $36.58 $32.75 16 8 66.67% 33.33% 

### $39.37 $36.24 $36.58 $32.75 16 8 66.67% 33.33% 

### $0.00 $36.24 $0.00 $32.75 0 24 0.00% 100.00% 

### $45.64 $34.73 $43.75 $30.50 16 8 66.67% 33.33% 

### $46.52 $34.29 $42.75 $28.00 16 8 66.67% 33.33% 

### $46.71 $35.57 $44.50 $24.79 16 8 66.67% 33.33%

### $45.80 $35.92 $44.25 $22.00 16 8 66.67% 33.33%



### $45.20 $35.79 $41.11 $25.50 16 8 66.67% 33.33% 

### $45.20 $35.79 $41.11 $25.50 16 8 66.67% 33.33% 

### $0.00 $33.91 $0.00 $30.50 0 24 0.00% 100.00% 

### $42.58 $33.91 $40.25 $30.50 16 8 66.67% 33.33% 

### $42.25 $29.41 $41.25 $23.00 16 8 66.67% 33.33% 

### $42.58 $32.97 $41.50 $28.00 16 8 66.67% 33.33% 

### $47.73 $37.04 $46.50 $31.00 16 8 66.67% 33.33% 

### $47.65 $38.00 $46.25 $32.00 16 8 66.67% 33.33% 

### $47.65 $38.00 $46.25 $32.00 16 8 66.67% 33.33% 

### $0.00 $38.11 $0.00 $32.25 0 24 0.00% 100.00% 

### $50.79 $38.11 $49.72 $32.25 16 8 66.67% 33.33% 

### $54.36 $42.62 $55.72 $43.50 16 8 66.67% 33.33% 

### $53.44 $44.71 $54.75 $44.21 16 8 66.67% 33.33% 

### $51.32 $39.43 $52.74 $39.00 16 8 66.67% 33.33% 

### $46.53 $33.04 $47.74 $32.50 16 8 66.67% 33.33% 

### $46.53 $33.04 $47.74 $32.50 16 8 66.67% 33.33% 

### $0.00 $39.50 $0.00 $38.75 0 24 0.00% 100.00% 

### $48.24 $39.50 $49.96 $38.75 16 8 66.67% 33.33% 

### $44.33 $34.76 $44.25 $33.50 16 8 66.67% 33.33% 

### $44.33 $34.76 $44.25 $33.50 16 8 66.67% 33.33% 

### $0.00 $34.76 $0.00 $33.50 0 24 0.00% 100.00% 

### $41.84 $31.24 $41.85 $30.93 16 8 66.67% 33.33% 

### $41.84 $31.24 $41.85 $30.93 16 8 66.67% 33.33% 

### $0.00 $30.49 $0.00 $30.25 0 24 0.00% 100.00% 

### $44.07 $30.49 $44.00 $30.25 16 8 66.67% 33.33% 

### $50.32 $37.52 $50.79 $35.50 16 8 66.67% 33.33% 

### $50.32 $37.52 $50.79 $35.50 16 8 66.67% 33.33% 

### $0.00 $39.57 $0.00 $36.98 0 24 0.00% 100.00% 

### $39.97 $31.78 $41.24 $29.75 16 8 66.67% 33.33% 

### $39.97 $31.78 $41.24 $29.75 16 8 66.67% 33.33% 

### $0.00 $31.70 $0.00 $30.82 0 24 0.00% 100.00% 

### $42.78 $31.70 $43.94 $30.82 16 8 66.67% 33.33% 

### $39.64 $32.07 $43.95 $31.50 16 8 66.67% 33.33% 

### $43.30 $35.36 $45.53 $35.00 16 8 66.67% 33.33% 

### $43.14 $34.50 $43.25 $32.71 16 8 66.67% 33.33% 

### $40.66 $32.82 $40.93 $32.41 16 8 66.67% 33.33% 

### $40.66 $32.82 $40.93 $32.41 16 8 66.67% 33.33% 

### $0.00 $31.98 $0.00 $31.82 0 24 0.00% 100.00% 

### $41.40 $31.98 $44.04 $31.82 16 8 66.67% 33.33% 

### $40.71 $30.95 $41.50 $31.00 16 8 66.67% 33.33% 

### $40.83 $30.93 $41.55 $29.52 16 8 66.67% 33.33% 

### $40.83 $30.93 $41.55 $29.52 16 8 66.67% 33.33% 

### $37.38 $28.91 $36.79 $27.13 16 8 66.67% 33.33% 

### $37.38 $28.91 $36.79 $27.13 16 8 66.67% 33.33% 

### $0.00 $32.41 $0.00 $30.83 0 24 0.00% 100.00% 

### $39.10 $32.41 $39.17 $30.83 16 8 66.67% 33.33% 

### $38.02 $27.09 $37.88 $27.00 16 8 66.67% 33.33% 

### $34.70 $23.26 $35.54 $23.00 16 8 66.67% 33.33% 

### $35.65 $24.72 $35.67 $23.50 16 8 66.67% 33.33% 

### $31.14 $21.36 $31.45 $20.92 16 8 66.67% 33.33%

### $31.14 $21.36 $31.45 $20.92 16 8 66.67% 33.33%



### $0.00 $26.92 $0.00 $25.80 0 24 0.00% 100.00% 

### $33.19 $26.92 $33.72 $25.80 16 8 66.67% 33.33% 

### $33.61 $25.03 $34.69 $24.50 16 8 66.67% 33.33% 

### $36.41 $27.59 $37.40 $27.64 16 8 66.67% 33.33% 

### $37.88 $28.20 $39.75 $28.12 16 8 66.67% 33.33% 

### $35.29 $26.58 $36.52 $27.00 16 8 66.67% 33.33% 

### $35.29 $26.58 $36.52 $27.00 16 8 66.67% 33.33% 

### $0.00 $29.95 $0.00 $31.00 0 24 0.00% 100.00% 

### $38.32 $29.95 $39.08 $31.00 16 8 66.67% 33.33% 

### $36.64 $26.68 $36.72 $27.75 16 8 66.67% 33.33% 

### $36.80 $27.84 $36.48 $29.50 16 8 66.67% 33.33% 

### $35.44 $27.36 $35.67 $28.42 16 8 66.67% 33.33% 

### $33.99 $25.41 $33.51 $27.50 16 8 66.67% 33.33% 

### $33.99 $25.41 $33.51 $27.50 16 8 66.67% 33.33% 

### $0.00 $26.60 $0.00 $28.00 0 24 0.00% 100.00% 

### $35.75 $26.60 $35.20 $28.00 16 8 66.67% 33.33% 

### $37.00 $25.70 $39.57 $30.75 16 8 66.67% 33.33% 

### $39.91 $29.98 $41.75 $33.75 16 8 66.67% 33.33% 

### $39.91 $29.98 $41.75 $33.75 16 8 66.67% 33.33% 

### $35.04 $29.31 $35.04 $31.00 16 8 66.67% 33.33% 

### $35.04 $29.31 $35.04 $31.00 16 8 66.67% 33.33% 

### $0.00 $28.74 $0.00 $30.75 0 24 0.00% 100.00% 

### $34.25 $28.74 $35.08 $30.75 16 8 66.67% 33.33% 

### $33.91 $27.14 $35.13 $29.25 16 8 66.67% 33.33% 

### $32.84 $27.60 $32.28 $29.00 16 8 66.67% 33.33% 

### $32.63 $26.65 $32.51 $28.75 16 8 66.67% 33.33% 

### $30.77 $25.57 $31.42 $26.75 16 8 66.67% 33.33% 

### $30.77 $25.57 $31.42 $26.75 16 8 66.67% 33.33% 

### $0.00 $24.18 $0.00 $25.50 0 24 0.00% 100.00% 

### $30.19 $24.18 $30.73 $25.50 16 8 66.67% 33.33% 

### $29.50 $23.46 $29.77 $25.25 16 8 66.67% 33.33% 

### $29.51 $22.65 $29.92 $24.25 16 8 66.67% 33.33% 

### $29.12 $20.34 $29.58 $22.75 16 8 66.67% 33.33% 

### $27.21 $21.11 $27.32 $22.50 16 8 66.67% 33.33% 

### $27.21 $21.11 $27.32 $22.50 16 8 66.67% 33.33% 

### $0.00 $20.22 $0.00 $20.25 0 24 0.00% 100.00% 

### $27.54 $20.22 $28.11 $20.25 16 8 66.67% 33.33% 

### $28.28 $18.44 $27.03 $18.25 16 8 66.67% 33.33% 

### $28.60 $17.37 $27.42 $18.00 16 8 66.67% 33.33% 

### $28.50 $17.61 $27.83 $17.50 16 8 66.67% 33.33% 

### $28.57 $18.75 $28.10 $18.00 16 8 66.67% 33.33% 

### $28.57 $18.75 $28.10 $18.00 16 8 66.67% 33.33% 

### $0.00 $22.82 $0.00 $23.50 0 24 0.00% 100.00% 

### $30.06 $22.82 $31.81 $23.50 16 8 66.67% 33.33% 

### $32.55 $22.59 $33.86 $24.75 16 8 66.67% 33.33% 

### $32.17 $23.39 $33.75 $25.50 16 8 66.67% 33.33% 

### $31.99 $22.66 $32.85 $24.70 16 8 66.67% 33.33% 

### $28.31 $21.27 $28.75 $22.25 16 8 66.67% 33.33% 

### $28.31 $21.27 $28.75 $22.25 16 8 66.67% 33.33% 

### $0.00 $21.78 $0.00 $22.00 0 24 0.00% 100.00%

### $28.70 $21.78 $27.72 $22.00 16 8 66.67% 33.33%



### $28.36 $20.68 $28.25 $20.00 16 8 66.67% 33.33% 

### $28.60 $20.34 $28.72 $20.25 16 8 66.67% 33.33% 

### $28.62 $19.83 $28.42 $20.00 16 8 66.67% 33.33% 

### $26.83 $18.16 $27.15 $19.25 16 8 66.67% 33.33% 

### $26.83 $18.16 $27.15 $19.25 16 8 66.67% 33.33% 

### $0.00 $22.48 $0.00 $21.25 0 24 0.00% 100.00% 

### $30.90 $22.48 $30.00 $21.25 16 8 66.67% 33.33% 

### $30.72 $20.21 $30.58 $19.92 16 8 66.67% 33.33% 

### $29.86 $21.08 $29.93 $20.25 16 8 66.67% 33.33% 

### $30.80 $21.21 $31.00 $21.00 16 8 66.67% 33.33% 

### $29.87 $23.65 $30.39 $21.25 16 8 66.67% 33.33% 

### $29.87 $23.65 $30.39 $21.25 16 8 66.67% 33.33% 

### $0.00 $25.41 $0.00 $26.00 0 24 0.00% 100.00% 

### $31.09 $25.41 $30.56 $26.00 16 8 66.67% 33.33% 

### $27.62 $19.95 $27.63 $20.00 16 8 66.67% 33.33% 

### $28.81 $22.16 $29.80 $22.00 16 8 66.67% 33.33% 

### $27.74 $17.90 $27.00 $17.75 16 8 66.67% 33.33% 

### $26.90 $18.31 $25.85 $18.25 16 8 66.67% 33.33% 

### $26.90 $18.31 $25.85 $18.25 16 8 66.67% 33.33% 

### $0.00 $26.06 $0.00 $26.25 0 24 0.00% 100.00% 

### $30.04 $26.06 $30.00 $26.25 16 8 66.67% 33.33% 

### $31.04 $20.01 $31.04 $20.50 16 8 66.67% 33.33% 

### $28.09 $18.88 $28.48 $20.25 16 8 66.67% 33.33% 

### $28.09 $18.88 $28.48 $20.25 16 8 66.67% 33.33% 

### $26.94 $18.08 $27.00 $18.50 16 8 66.67% 33.33% 

### $26.94 $18.08 $27.00 $18.50 16 8 66.67% 33.33% 

### $0.00 $18.73 $0.00 $18.00 0 24 0.00% 100.00% 

### $26.75 $18.73 $26.00 $18.00 16 8 66.67% 33.33% 

### $25.33 $21.50 $24.36 $17.75 16 8 66.67% 33.33% 

### $24.31 $22.50 $24.75 $21.28 16 8 66.67% 33.33% 

### $27.73 $22.25 $27.75 $18.30 16 8 66.67% 33.33% 

### $24.91 $19.52 $24.75 $18.21 16 8 66.67% 33.33% 

### $24.91 $19.52 $24.75 $18.21 16 8 66.67% 33.33% 

### $0.00 $22.00 $0.00 $20.75 0 24 0.00% 100.00% 

### $32.86 $22.00 $33.05 $20.75 16 8 66.67% 33.33% 

### $30.43 $15.63 $32.22 $15.82 16 8 66.67% 33.33% 

### $28.17 $17.00 $27.79 $15.53 16 8 66.67% 33.33% 

### $26.97 $15.42 $25.25 $13.75 16 8 66.67% 33.33% 

### $26.10 $14.00 $23.03 $13.25 16 8 66.67% 33.33% 

### $26.10 $14.00 $23.03 $13.25 16 8 66.67% 33.33% 

### $0.00 $17.04 $0.00 $16.50 0 24 0.00% 100.00% 

### $26.83 $17.04 $25.25 $16.50 16 8 66.67% 33.33% 

### $25.10 $14.59 $24.25 $14.00 16 8 66.67% 33.33% 

### $26.46 $15.14 $26.75 $13.50 16 8 66.67% 33.33% 

### $28.29 $19.75 $28.50 $18.00 16 8 66.67% 33.33% 

### $28.03 $20.30 $26.64 $19.03 16 8 66.67% 33.33% 

### $28.03 $20.30 $26.64 $19.03 16 8 66.67% 33.33% 

### $0.00 $21.45 $0.00 $18.57 0 24 0.00% 100.00% 

### $26.40 $21.45 $26.02 $18.57 16 8 66.67% 33.33% 

### $28.21 $18.32 $27.25 $16.66 16 8 66.67% 33.33%

### $30.02 $18.02 $34.61 $18.50 16 8 66.67% 33.33%



### $33.11 $18.63 $34.00 $18.75 16 8 66.67% 33.33% 

### $34.60 $20.65 $33.19 $19.02 16 8 66.67% 33.33% 

### $34.60 $20.65 $33.19 $19.02 16 8 66.67% 33.33% 

### $0.00 $28.75 $0.00 $28.00 0 24 0.00% 100.00% 

### $41.18 $28.75 $42.00 $28.00 16 8 66.67% 33.33% 

### $43.57 $23.60 $42.73 $22.61 16 8 66.67% 33.33% 

### $46.64 $24.48 $46.00 $24.00 16 8 66.67% 33.33% 

### $46.17 $24.15 $44.25 $20.75 16 8 66.67% 33.33% 

### $38.96 $23.14 $38.00 $20.59 16 8 66.67% 33.33% 

### $38.96 $23.14 $38.00 $20.59 16 8 66.67% 33.33% 

### $0.00 $32.20 $0.00 $32.75 0 24 0.00% 100.00% 

### $45.72 $32.20 $46.00 $32.75 16 8 66.67% 33.33% 

### $38.41 $20.47 $39.00 $17.71 16 8 66.67% 33.33% 

### $34.79 $22.49 $34.25 $18.67 16 8 66.67% 33.33% 

### $34.79 $22.49 $34.25 $18.67 16 8 66.67% 33.33% 

### $31.89 $19.56 $30.75 $17.62 16 8 66.67% 33.33% 

### $31.89 $19.56 $30.75 $17.62 16 8 66.67% 33.33% 

### $0.00 $22.89 $0.00 $21.50 0 24 0.00% 100.00% 

### $0.00 $22.89 $0.00 $21.50 0 24 0.00% 100.00% 

### $28.19 $16.14 $27.36 $15.50 16 8 66.67% 33.33% 

### $30.71 $15.53 $28.21 $14.00 16 8 66.67% 33.33% 

### $30.71 $15.53 $28.21 $14.00 16 8 66.67% 33.33% 

### $28.55 $15.85 $28.25 $13.65 16 8 66.67% 33.33% 

### $28.55 $15.85 $28.25 $13.65 16 8 66.67% 33.33% 

### $0.00 $20.50 $0.00 $20.50 0 24 0.00% 100.00% 

### $31.57 $18.28 $31.00 $17.00 16 8 66.67% 33.33% 

### $28.19 $13.49 $27.50 $14.22 16 8 66.67% 33.33% 

### $30.36 $9.00 $30.25 $8.19 16 8 66.67% 33.33% 

### $27.98 $11.00 $27.50 $8.25 16 8 66.67% 33.33% 

### $26.88 $11.00 $26.74 $8.10 16 8 66.67% 33.33% 

### $26.88 $11.00 $26.74 $8.10 16 8 66.67% 33.33% 

### $0.00 $14.05 $0.00 $10.98 0 24 0.00% 100.00% 

### $27.66 $14.05 $26.25 $10.98 16 8 66.67% 33.33% 

### $25.51 $11.75 $25.46 $7.83 16 8 66.67% 33.33% 

### $24.22 $11.50 $24.00 $9.70 16 8 66.67% 33.33% 

### $24.72 $10.75 $24.25 $11.25 16 8 66.67% 33.33% 

### $24.11 $12.00 $23.43 $11.50 16 8 66.67% 33.33% 

### $24.11 $12.00 $23.43 $11.50 16 8 66.67% 33.33% 

### $0.00 $18.09 $0.00 $17.75 0 24 0.00% 100.00% 

### $25.21 $18.09 $25.00 $17.75 16 8 66.67% 33.33% 

### $27.67 $17.69 $27.75 $16.96 16 8 66.67% 33.33% 

### $30.40 $18.75 $29.00 $17.50 16 8 66.67% 33.33% 

### $32.33 $18.50 $31.50 $17.25 16 8 66.67% 33.33% 

### $31.06 $15.50 $29.35 $13.00 16 8 66.67% 33.33% 

### $31.06 $15.50 $29.35 $13.00 16 8 66.67% 33.33% 

### $0.00 $22.17 $0.00 $21.50 0 24 0.00% 100.00% 

### $31.51 $22.17 $30.00 $21.50 16 8 66.67% 33.33% 

### $30.70 $16.88 $30.25 $14.00 16 8 66.67% 33.33% 

### $32.06 $20.50 $31.00 $17.00 16 8 66.67% 33.33% 

### $30.65 $19.27 $31.25 $19.25 16 8 66.67% 33.33%

### $30.56 $19.75 $30.00 $18.25 16 8 66.67% 33.33%



### $30.56 $19.75 $30.00 $18.25 16 8 66.67% 33.33% 

### $0.00 $24.00 $0.00 $22.00 0 24 0.00% 100.00% 

### $33.87 $24.00 $34.00 $22.00 16 8 66.67% 33.33% 

### $36.67 $23.75 $38.25 $22.25 16 8 66.67% 33.33% 

### $36.62 $22.33 $38.50 $21.25 16 8 66.67% 33.33% 

### $36.62 $22.33 $38.50 $21.25 16 8 66.67% 33.33% 

### $33.67 $22.45 $34.89 $23.50 16 8 66.67% 33.33% 

### $0.00 $22.45 $0.00 $23.50 0 24 0.00% 100.00% 

### $0.00 $22.59 $0.00 $24.75 0 24 0.00% 100.00% 

### $31.27 $22.59 $33.14 $24.75 16 8 66.67% 33.33% 

### $31.77 $18.27 $33.31 $19.50 16 8 66.67% 33.33% 

### $33.25 $17.91 $33.50 $18.38 16 8 66.67% 33.33% 

### $31.69 $17.19 $31.97 $16.81 16 8 66.67% 33.33% 

### $32.39 $18.00 $33.25 $18.00 16 8 66.67% 33.33% 

### $32.39 $18.00 $33.25 $18.00 16 8 66.67% 33.33% 

### $0.00 $23.65 $0.00 $22.25 0 24 0.00% 100.00% 

### $36.57 $23.65 $38.39 $22.25 16 8 66.67% 33.33% 

### $41.20 $21.05 $42.75 $25.58 16 8 66.67% 33.33% 

### $44.48 $20.87 $45.25 $25.13 16 8 66.67% 33.33% 

### $44.86 $22.21 $45.75 $25.38 16 8 66.67% 33.33% 

### $41.06 $21.60 $42.25 $24.00 16 8 66.67% 33.33% 

### $41.06 $21.60 $42.25 $24.00 16 8 66.67% 33.33% 

### $0.00 $28.15 $0.00 $32.00 0 24 0.00% 100.00% 

### $43.56 $28.15 $45.64 $32.00 16 8 66.67% 33.33% 

### $47.70 $24.51 $51.00 $27.69 16 8 66.67% 33.33% 

### $47.11 $25.32 $47.25 $27.59 16 8 66.67% 33.33% 

### $44.81 $22.97 $46.00 $26.00 16 8 66.67% 33.33% 

### $43.65 $23.95 $45.00 $25.50 16 8 66.67% 33.33% 

### $43.65 $23.95 $45.00 $25.50 16 8 66.67% 33.33% 

### $0.00 $31.18 $0.00 $38.50 0 24 0.00% 100.00% 

### $44.65 $31.18 $45.75 $38.50 16 8 66.67% 33.33% 

### $46.09 $24.50 $49.06 $23.33 16 8 66.67% 33.33% 

### $42.52 $22.11 $44.50 $22.77 16 8 66.67% 33.33% 

### $42.52 $22.11 $44.50 $22.77 16 8 66.67% 33.33% 

### $38.94 $20.80 $39.00 $22.09 16 8 66.67% 33.33% 

### $36.25 $20.23 $38.70 $21.25 16 8 66.67% 33.33% 

### $0.00 $30.46 $0.00 $29.75 0 24 0.00% 100.00% 

### $37.80 $30.46 $39.00 $29.75 16 8 66.67% 33.33% 

### $39.28 $21.75 $41.50 $22.01 16 8 66.67% 33.33% 

### $38.52 $22.26 $40.49 $22.69 16 8 66.67% 33.33% 

### $37.38 $22.69 $42.00 $23.01 16 8 66.67% 33.33% 

### $36.14 $24.68 $40.00 $24.94 16 8 66.67% 33.33% 

### $36.14 $24.68 $40.00 $24.94 16 8 66.67% 33.33% 

### $0.00 $28.70 $0.00 $28.38 0 24 0.00% 100.00% 

### $38.32 $28.70 $39.71 $28.38 16 8 66.67% 33.33% 

### $41.45 $23.04 $42.90 $23.00 16 8 66.67% 33.33% 

### $38.72 $23.16 $40.00 $23.00 16 8 66.67% 33.33% 

### $34.93 $22.32 $40.58 $23.00 16 8 66.67% 33.33% 

### $32.38 $21.61 $36.95 $22.50 16 8 66.67% 33.33% 

### $32.38 $21.61 $36.95 $22.50 16 8 66.67% 33.33%

### $0.00 $25.46 $0.00 $26.00 0 24 0.00% 100.00%



### $33.79 $25.46 $37.57 $26.00 16 8 66.67% 33.33% 

### $31.58 $19.89 $34.24 $20.75 16 8 66.67% 33.33% 

### $31.47 $20.04 $33.65 $20.80 16 8 66.67% 33.33% 

### $31.53 $19.66 $34.00 $19.90 16 8 66.67% 33.33% 

### $29.44 $19.04 $32.00 $19.50 16 8 66.67% 33.33% 

### $29.44 $19.04 $32.00 $19.50 16 8 66.67% 33.33% 

### $0.00 $21.58 $0.00 $24.00 0 24 0.00% 100.00% 

### $28.28 $21.58 $33.25 $24.00 16 8 66.67% 33.33% 

### $27.12 $16.95 $29.38 $18.83 16 8 66.67% 33.33% 

### $30.57 $18.70 $32.92 $19.25 16 8 66.67% 33.33% 

### $34.08 $19.60 $34.20 $19.00 16 8 66.67% 33.33% 

### $33.54 $17.76 $34.00 $18.38 16 8 66.67% 33.33% 

### $33.54 $17.76 $34.00 $18.38 16 8 66.67% 33.33% 

### $0.00 $22.68 $0.00 $24.25 0 24 0.00% 100.00% 

### $32.79 $22.68 $34.25 $24.25 16 8 66.67% 33.33% 

### $31.24 $18.67 $34.08 $19.00 16 8 66.67% 33.33% 

### $30.32 $17.74 $33.63 $18.75 16 8 66.67% 33.33% 

### $30.32 $17.74 $33.63 $18.75 16 8 66.67% 33.33% 

### $26.16 $16.65 $28.43 $17.00 16 8 66.67% 33.33% 

### $26.16 $16.65 $28.43 $17.00 16 8 66.67% 33.33% 

### $0.00 $17.23 $0.00 $19.00 0 24 0.00% 100.00% 

### $0.00 $17.23 $0.00 $19.00 0 24 0.00% 100.00% 

### $24.36 $14.97 $26.25 $15.25 16 8 66.67% 33.33% 

### $25.72 $15.35 $28.25 $15.50 16 8 66.67% 33.33% 

### $28.92 $16.10 $30.96 $16.00 16 8 66.67% 33.33% 

### $27.63 $17.00 $31.56 $17.00 16 8 66.67% 33.33% 

### $27.63 $17.00 $31.56 $17.00 16 8 66.67% 33.33% 

### $0.00 $24.27 $0.00 $26.00 0 24 0.00% 100.00% 

### $30.73 $24.27 $33.59 $26.00 16 8 66.67% 33.33% 

### $26.81 $19.75 $28.93 $17.75 16 8 66.67% 33.33% 

### $32.60 $22.63 $36.03 $23.94 16 8 66.67% 33.33% 

### $34.75 $21.84 $36.59 $24.00 16 8 66.67% 33.33% 

### $36.13 $22.03 $37.50 $22.25 16 8 66.67% 33.33% 

### $36.13 $22.03 $37.50 $22.25 16 8 66.67% 33.33% 

### $0.00 $26.45 $0.00 $27.50 0 24 0.00% 100.00% 

### $36.39 $26.45 $38.85 $27.50 16 8 66.67% 33.33% 

### $32.93 $20.05 $37.24 $22.00 16 8 66.67% 33.33% 

### $34.02 $20.22 $38.25 $22.39 16 8 66.67% 33.33% 

### $30.80 $18.71 $33.38 $21.00 16 8 66.67% 33.33% 

### $33.33 $18.95 $33.98 $19.00 16 8 66.67% 33.33% 

### $33.33 $18.95 $33.98 $19.00 16 8 66.67% 33.33% 

### $0.00 $28.21 $0.00 $27.29 0 24 0.00% 100.00% 

### $35.12 $28.21 $34.53 $27.29 16 8 66.67% 33.33% 

### $33.08 $22.11 $34.13 $20.25 16 8 66.67% 33.33% 

### $32.11 $21.74 $32.78 $20.00 16 8 66.67% 33.33% 

### $31.22 $19.93 $34.25 $20.25 16 8 66.67% 33.33% 

### $29.98 $21.75 $31.41 $20.00 16 8 66.67% 33.33% 

### $29.98 $21.75 $31.41 $20.00 16 8 66.67% 33.33% 

### $0.00 $19.61 $0.00 $18.50 0 24 0.00% 100.00% 

### $26.14 $19.61 $26.64 $18.50 16 8 66.67% 33.33%

### $27.53 $19.05 $28.01 $16.84 16 8 66.67% 33.33%



### $30.51 $21.46 $30.69 $20.63 16 8 66.67% 33.33% 

### $35.65 $24.47 $37.63 $25.00 16 8 66.67% 33.33% 

### $41.95 $30.25 $42.00 $28.75 16 8 66.67% 33.33% 

### $41.95 $30.25 $42.00 $28.75 16 8 66.67% 33.33% 

### $0.00 $30.94 $0.00 $28.00 0 24 0.00% 100.00% 

### $37.85 $30.94 $39.00 $28.00 16 8 66.67% 33.33% 

### $37.69 $28.46 $38.85 $25.50 16 8 66.67% 33.33% 

### $37.64 $27.25 $37.34 $24.17 16 8 66.67% 33.33% 

### $37.39 $26.04 $37.31 $22.78 16 8 66.67% 33.33% 

### $38.32 $27.59 $38.50 $22.05 16 8 66.67% 33.33% 

### $38.32 $27.59 $38.50 $22.05 16 8 66.67% 33.33% 

### $0.00 $32.08 $0.00 $26.07 0 24 0.00% 100.00% 

### $39.31 $32.08 $39.00 $26.07 16 8 66.67% 33.33% 

### $41.49 $29.32 $42.27 $21.38 16 8 66.67% 33.33% 

### $44.32 $30.65 $42.36 $21.00 16 8 66.67% 33.33% 

### $46.18 $31.22 $44.32 $22.98 16 8 66.67% 33.33% 

### $47.18 $31.21 $45.40 $25.19 16 8 66.67% 33.33% 

### $47.18 $31.21 $45.40 $25.19 16 8 66.67% 33.33% 

### $0.00 $38.74 $0.00 $33.24 0 24 0.00% 100.00% 

### $47.24 $38.74 $44.73 $33.24 16 8 66.67% 33.33% 

### $43.59 $31.22 $41.73 $26.75 16 8 66.67% 33.33% 

### $41.88 $29.29 $39.46 $24.75 16 8 66.67% 33.33% 

### $43.58 $30.91 $41.45 $24.50 16 8 66.67% 33.33% 

### $38.62 $29.64 $37.47 $28.25 16 8 66.67% 33.33% 

### $38.62 $29.64 $37.47 $28.25 16 8 66.67% 33.33% 

### $0.00 $32.40 $0.00 $31.75 0 24 0.00% 100.00% 

### $38.72 $32.40 $39.57 $31.75 16 8 66.67% 33.33% 

### $41.34 $30.74 $37.35 $21.72 16 8 66.67% 33.33% 

### $41.59 $29.77 $37.75 $23.50 16 8 66.67% 33.33% 

### $42.05 $29.36 $37.24 $23.03 16 8 66.67% 33.33% 

### $36.25 $24.50 $30.02 $18.56 16 8 66.67% 33.33% 

### $36.25 $24.50 $30.02 $18.56 16 8 66.67% 33.33% 

### $0.00 $28.53 $0.00 $26.08 0 24 0.00% 100.00% 

### $35.02 $28.53 $34.79 $26.08 16 8 66.67% 33.33% 

### $36.53 $28.40 $37.94 $26.00 16 8 66.67% 33.33% 

### $33.94 $25.43 $35.50 $22.43 16 8 66.67% 33.33% 

### $33.94 $25.43 $35.50 $22.43 16 8 66.67% 33.33% 

### $28.99 $20.58 $29.50 $20.25 16 8 66.67% 33.33% 

### $28.99 $20.58 $29.50 $20.25 16 8 66.67% 33.33% 

### $0.00 $22.10 $0.00 $22.27 0 24 0.00% 100.00% 

### $25.83 $22.10 $28.90 $22.27 16 8 66.67% 33.33% 

### $26.64 $19.78 $26.63 $18.50 16 8 66.67% 33.33% 

### $33.57 $25.03 $32.79 $24.25 16 8 66.67% 33.33% 

### $34.67 $27.02 $35.00 $26.45 16 8 66.67% 33.33% 

### $34.31 $24.66 $34.78 $25.50 16 8 66.67% 33.33% 

### $34.31 $24.66 $34.78 $25.50 16 8 66.67% 33.33% 

### $0.00 $29.77 $0.00 $27.00 0 24 0.00% 100.00% 

### $31.53 $29.77 $32.94 $27.00 16 8 66.67% 33.33% 

### $33.89 $26.53 $32.43 $23.50 16 8 66.67% 33.33% 

### $33.89 $26.53 $32.43 $23.50 16 8 66.67% 33.33%

### $0.00 $24.92 $0.00 $21.50 0 24 0.00% 100.00%



### $29.00 $24.92 $26.85 $21.50 16 8 66.67% 33.33% 

### $29.00 $24.92 $26.85 $21.50 16 8 66.67% 33.33% 

### $0.00 $25.87 $0.00 $21.75 0 24 0.00% 100.00% 

### $29.96 $25.87 $27.86 $21.75 16 8 66.67% 33.33% 

### $41.83 $33.06 $43.00 $32.75 16 8 66.67% 33.33% 

### $42.14 $32.37 $44.00 $32.25 16 8 66.67% 33.33% 

### $43.29 $33.84 $45.00 $34.00 16 8 66.67% 33.33% 

### $42.62 $33.27 $46.75 $35.50 16 8 66.67% 33.33% 

### $42.62 $33.27 $46.75 $35.50 16 8 66.67% 33.33% 

### $0.00 $36.48 $0.00 $37.63 0 24 0.00% 100.00% 

### $42.67 $36.48 $48.00 $37.63 16 8 66.67% 33.33% 

### $47.51 $35.54 $52.25 $38.25 16 8 66.67% 33.33% 

### $59.73 $44.97 $66.67 $48.00 16 8 66.67% 33.33% 

### $53.91 $42.34 $59.00 $39.93 16 8 66.67% 33.33% 

### $48.08 $40.81 $53.90 $40.25 16 8 66.67% 33.33% 

### $48.08 $40.81 $53.90 $40.25 16 8 66.67% 33.33% 

### $0.00 $38.23 $0.00 $38.78 0 24 0.00% 100.00% 

### $47.52 $38.23 $51.00 $38.78 16 8 66.67% 33.33% 

### $48.33 $35.11 $50.50 $33.75 16 8 66.67% 33.33% 

### $47.69 $33.72 $48.75 $31.75 16 8 66.67% 33.33% 

### $46.82 $32.74 $48.00 $32.00 16 8 66.67% 33.33% 

### $46.99 $32.03 $47.25 $35.00 16 8 66.67% 33.33% 

### $46.99 $32.03 $47.25 $35.00 16 8 66.67% 33.33% 

### $0.00 $38.71 $0.00 $41.75 0 24 0.00% 100.00% 

### $49.03 $38.71 $51.25 $41.75 16 8 66.67% 33.33% 

### $47.27 $34.68 $50.50 $36.00 16 8 66.67% 33.33% 

### $47.27 $34.68 $50.50 $36.00 16 8 66.67% 33.33% 

### $45.67 $40.33 $44.00 $38.50 16 8 66.67% 33.33% 

### $0.00 $40.33 $0.00 $38.50 0 24 0.00% 100.00% 

### $45.67 $40.33 $44.00 $38.50 16 8 66.67% 33.33% 

### $0.00 $39.11 $0.00 $39.75 0 24 0.00% 100.00% 

### $48.03 $39.11 $48.25 $39.75 16 8 66.67% 33.33% 

### $51.11 $37.75 $51.50 $36.50 16 8 66.67% 33.33% 

### $52.25 $36.36 $52.25 $35.00 16 8 66.67% 33.33% 

### $52.25 $36.36 $52.25 $35.00 16 8 66.67% 33.33% 

### $0.00 $35.37 $0.00 $34.25 0 24 0.00% 100.00% 

### $44.03 $35.37 $42.25 $34.25 16 8 66.67% 33.33% 

### $0.00 $33.60 $0.00 $34.75 0 24 0.00% 100.00% 

### $47.21 $33.60 $46.75 $34.75 16 8 66.67% 33.33% 

### $49.67 $36.74 $50.00 $38.50 16 8 66.67% 33.33% 

### $49.18 $35.16 $49.75 $37.75 16 8 66.67% 33.33% 

### $48.35 $33.56 $48.50 $34.25 16 8 66.67% 33.33% 

### $53.38 $38.64 $55.50 $43.25 16 8 66.67% 33.33% 

### $53.38 $38.64 $55.50 $43.25 16 8 66.67% 33.33% 

### $0.00 $38.05 $0.00 $38.25 0 24 0.00% 100.00% 

### $47.17 $38.05 $47.00 $38.25 16 8 66.67% 33.33% 

### $46.24 $34.83 $46.00 $34.75 16 8 66.67% 33.33% 

### $48.41 $37.02 $47.21 $37.50 16 8 66.67% 33.33% 

### $48.41 $37.02 $47.21 $37.50 16 8 66.67% 33.33% 

### $46.76 $34.98 $44.15 $34.14 16 8 66.67% 33.33%

### $46.76 $34.98 $44.15 $34.14 16 8 66.67% 33.33%



### $0.00 $39.83 $0.00 $38.25 0 24 0.00% 100.00% 

### $47.50 $39.83 $46.00 $38.25 16 8 66.67% 33.33% 

### $49.10 $36.15 $47.25 $36.00 16 8 66.67% 33.33% 

### $49.17 $35.68 $47.50 $35.75 16 8 66.67% 33.33% 

### $48.05 $37.52 $49.50 $39.00 16 8 66.67% 33.33% 

### $46.25 $35.50 $46.50 $35.00 16 8 66.67% 33.33% 

### $46.25 $35.50 $46.50 $35.00 16 8 66.67% 33.33% 

### $0.00 $39.17 $0.00 $37.50 0 24 0.00% 100.00% 

### $48.27 $39.17 $48.25 $37.50 16 8 66.67% 33.33% 

### $49.00 $35.03 $47.00 $36.00 16 8 66.67% 33.33% 

### $45.90 $33.87 $47.25 $34.75 16 8 66.67% 33.33% 

### $45.90 $33.87 $47.25 $34.75 16 8 66.67% 33.33% 

### $42.66 $33.34 $42.50 $33.25 16 8 66.67% 33.33% 

### $42.66 $33.34 $42.50 $33.25 16 8 66.67% 33.33% 

### $0.00 $37.22 $0.00 $36.25 0 24 0.00% 100.00% 

### $43.33 $32.15 $43.00 $33.00 16 8 66.67% 33.33% 

### $45.42 $33.07 $46.00 $34.50 16 8 66.67% 33.33% 

### $47.71 $34.75 $49.50 $39.50 16 8 66.67% 33.33% 

### $48.94 $35.89 $50.50 $39.00 16 8 66.67% 33.33% 

### $48.73 $36.36 $47.25 $36.50 16 8 66.67% 33.33% 

### $48.73 $36.36 $47.25 $36.50 16 8 66.67% 33.33% 

### $0.00 $40.11 $0.00 $38.25 0 24 0.00% 100.00% 

### $51.97 $40.11 $51.50 $38.25 16 8 66.67% 33.33% 

### $50.08 $38.48 $50.75 $39.25 16 8 66.67% 33.33% 

### $49.82 $38.50 $50.50 $39.50 16 8 66.67% 33.33% 

### $49.82 $38.50 $50.50 $39.50 16 8 66.67% 33.33% 

### $50.25 $39.06 $48.75 $40.00 16 8 66.67% 33.33% 

### $50.25 $39.06 $48.75 $40.00 16 8 66.67% 33.33% 

### $0.00 $42.75 $0.00 $41.75 0 24 0.00% 100.00% 

### $48.82 $42.75 $47.50 $41.75 16 8 66.67% 33.33% 

### $46.74 $34.71 $47.00 $35.00 16 8 66.67% 33.33% 

### $47.31 $33.66 $46.50 $34.50 16 8 66.67% 33.33% 

### $45.50 $34.00 $45.25 $35.75 16 8 66.67% 33.33% 

### $42.48 $32.39 $41.50 $32.50 16 8 66.67% 33.33% 

### $42.48 $32.39 $41.50 $32.50 16 8 66.67% 33.33% 

### $0.00 $35.64 $0.00 $35.00 0 24 0.00% 100.00% 

### $41.80 $35.64 $42.00 $35.00 16 8 66.67% 33.33% 

### $41.77 $32.75 $42.25 $34.50 16 8 66.67% 33.33% 

### $42.44 $33.26 $43.25 $34.75 16 8 66.67% 33.33% 

### $42.44 $33.26 $43.25 $34.75 16 8 66.67% 33.33% 

### $43.07 $33.00 $43.00 $33.50 16 8 66.67% 33.33% 

### $43.07 $33.00 $43.00 $33.50 16 8 66.67% 33.33% 

### $0.00 $37.50 $0.00 $38.00 0 24 0.00% 100.00% 

### $42.73 $31.90 $46.50 $32.50 16 8 66.67% 33.33% 

### $43.09 $31.77 $46.75 $34.00 16 8 66.67% 33.33% 

### $43.50 $32.64 $46.50 $33.75 16 8 66.67% 33.33% 

### $44.08 $31.98 $46.75 $32.50 16 8 66.67% 33.33% 

### $42.38 $32.00 $44.50 $32.75 16 8 66.67% 33.33% 

### $42.38 $32.00 $44.50 $32.75 16 8 66.67% 33.33% 

### $0.00 $34.99 $0.00 $34.75 0 24 0.00% 100.00%

### $41.37 $34.99 $43.00 $34.75 16 8 66.67% 33.33%



### $43.72 $34.49 $47.50 $36.75 16 8 66.67% 33.33% 

### $42.44 $35.02 $46.25 $37.00 16 8 66.67% 33.33% 

### $42.45 $33.80 $46.50 $35.00 16 8 66.67% 33.33% 

### $42.48 $34.17 $43.50 $34.25 16 8 66.67% 33.33% 

### $42.48 $34.17 $43.50 $34.25 16 8 66.67% 33.33% 

### $0.00 $38.00 $0.00 $38.50 0 24 0.00% 100.00% 

### $44.11 $38.00 $45.00 $38.50 16 8 66.67% 33.33% 

### $41.34 $32.50 $44.00 $34.25 16 8 66.67% 33.33% 

### $45.55 $32.59 $45.00 $33.25 16 8 66.67% 33.33% 

### $44.67 $31.51 $44.50 $30.50 16 8 66.67% 33.33% 

### $38.36 $28.61 $39.25 $29.75 16 8 66.67% 33.33% 

### $38.36 $28.61 $39.25 $29.75 16 8 66.67% 33.33% 

### $0.00 $30.21 $0.00 $30.75 0 24 0.00% 100.00% 

### $38.31 $30.21 $39.50 $30.75 16 8 66.67% 33.33% 

### $38.63 $26.92 $40.00 $27.25 16 8 66.67% 33.33% 

### $39.77 $27.38 $42.00 $28.25 16 8 66.67% 33.33% 

### $38.16 $25.20 $39.25 $27.00 16 8 66.67% 33.33% 

### $37.72 $25.38 $38.00 $25.25 16 8 66.67% 33.33% 

### $37.72 $25.38 $38.00 $25.25 16 8 66.67% 33.33% 

### $0.00 $30.59 $0.00 $32.50 0 24 0.00% 100.00% 

### $38.67 $30.59 $39.50 $32.50 16 8 66.67% 33.33% 

### $37.98 $26.81 $39.25 $27.00 16 8 66.67% 33.33% 

### $37.71 $26.53 $39.75 $27.25 16 8 66.67% 33.33% 

### $35.27 $25.39 $31.00 $20.81 16 8 66.67% 33.33% 

### $35.27 $25.39 $31.00 $20.81 16 8 66.67% 33.33% 

### $35.27 $25.39 $31.00 $20.81 16 8 66.67% 33.33% 

### $0.00 $27.23 $0.00 $27.00 0 24 0.00% 100.00% 

### $35.38 $27.23 $35.75 $27.00 16 8 66.67% 33.33% 

### $35.07 $24.16 $33.75 $24.67 16 8 66.67% 33.33% 

### $36.93 $27.49 $38.00 $29.25 16 8 66.67% 33.33% 

### $38.65 $28.66 $39.00 $29.00 16 8 66.67% 33.33% 

### $37.76 $28.99 $40.00 $29.50 16 8 66.67% 33.33% 

### $37.76 $28.99 $40.00 $29.50 16 8 66.67% 33.33% 

### $0.00 $30.80 $0.00 $32.00 0 24 0.00% 100.00% 

### $37.66 $30.80 $39.50 $32.00 16 8 66.67% 33.33% 

### $37.14 $26.77 $37.50 $27.00 16 8 66.67% 33.33% 

### $37.07 $26.80 $38.75 $27.75 16 8 66.67% 33.33% 

### $38.99 $29.51 $41.00 $30.00 16 8 66.67% 33.33% 

### $35.99 $27.24 $36.50 $27.25 16 8 66.67% 33.33% 

### $35.99 $27.24 $36.50 $27.25 16 8 66.67% 33.33% 

### $0.00 $27.76 $0.00 $28.50 0 24 0.00% 100.00% 

### $35.56 $27.76 $37.50 $28.50 16 8 66.67% 33.33% 

### $34.68 $26.08 $38.50 $27.50 16 8 66.67% 33.33% 

### $34.65 $25.30 $37.50 $27.00 16 8 66.67% 33.33% 

### $32.68 $27.17 $35.25 $28.50 16 8 66.67% 33.33% 

### $32.67 $26.59 $34.25 $26.75 16 8 66.67% 33.33% 

### $32.67 $26.59 $34.25 $26.75 16 8 66.67% 33.33% 

### $0.00 $29.00 $0.00 $29.00 0 24 0.00% 100.00% 

### $34.88 $29.00 $36.00 $29.00 16 8 66.67% 33.33% 

### $36.34 $26.93 $38.00 $27.75 16 8 66.67% 33.33%

### $35.37 $26.28 $37.50 $28.50 16 8 66.67% 33.33%



### $35.37 $26.28 $37.50 $28.50 16 8 66.67% 33.33% 

### $33.55 $24.25 $32.50 $25.25 16 8 66.67% 33.33% 

### $32.23 $23.11 $31.75 $23.25 16 8 66.67% 33.33% 

### $0.00 $26.42 $0.00 $26.40 0 24 0.00% 100.00% 

### $35.00 $26.42 $32.75 $26.40 16 8 66.67% 33.33% 

### $34.08 $23.75 $32.00 $22.25 16 8 66.67% 33.33% 

### $35.57 $25.64 $36.50 $24.50 16 8 66.67% 33.33% 

### $34.18 $26.60 $33.00 $24.25 16 8 66.67% 33.33% 

### $32.76 $26.77 $31.25 $25.25 16 8 66.67% 33.33% 

### $32.76 $26.77 $31.25 $25.25 16 8 66.67% 33.33% 

### $0.00 $27.65 $0.00 $27.00 0 24 0.00% 100.00% 

### $34.31 $27.65 $30.50 $27.00 16 8 66.67% 33.33% 

### $34.43 $24.90 $34.00 $24.25 16 8 66.67% 33.33% 

### $34.60 $24.37 $34.25 $24.00 16 8 66.67% 33.33% 

### $34.31 $24.34 $32.75 $23.75 16 8 66.67% 33.33% 

### $34.62 $25.08 $34.25 $24.75 16 8 66.67% 33.33% 

### $34.62 $25.08 $34.25 $24.75 16 8 66.67% 33.33% 

### $0.00 $29.11 $0.00 $29.50 0 24 0.00% 100.00% 

### $37.52 $29.11 $37.50 $29.50 16 8 66.67% 33.33% 

### $36.25 $25.81 $36.50 $23.75 16 8 66.67% 33.33% 

### $37.60 $25.42 $33.50 $24.25 16 8 66.67% 33.33% 

### $35.83 $23.04 $33.75 $20.00 16 8 66.67% 33.33% 

### $34.58 $20.05 $31.50 $17.25 16 8 66.67% 33.33% 

### $34.58 $20.05 $31.50 $17.25 16 8 66.67% 33.33% 

### $0.00 $24.19 $0.00 $20.50 0 24 0.00% 100.00% 

### $33.98 $24.19 $31.75 $20.50 16 8 66.67% 33.33% 

### $33.33 $21.58 $31.25 $16.75 16 8 66.67% 33.33% 

### $34.36 $23.66 $30.00 $18.00 16 8 66.67% 33.33% 

### $34.36 $23.66 $30.00 $18.00 16 8 66.67% 33.33% 

### $32.00 $22.63 $29.25 $17.75 16 8 66.67% 33.33% 

### $32.00 $22.63 $29.25 $17.75 16 8 66.67% 33.33% 

### $0.00 $29.95 $0.00 $27.50 0 24 0.00% 100.00% 

### $0.00 $29.95 $0.00 $27.50 0 24 0.00% 100.00% 

### $35.73 $23.40 $36.00 $21.53 16 8 66.67% 33.33% 

### $34.08 $19.40 $31.25 $16.25 16 8 66.67% 33.33% 

### $33.23 $18.12 $32.00 $16.14 16 8 66.67% 33.33% 

### $33.78 $15.72 $32.25 $14.25 16 8 66.67% 33.33% 

### $33.78 $15.72 $32.25 $14.25 16 8 66.67% 33.33% 

### $0.00 $29.72 $0.00 $26.00 0 24 0.00% 100.00% 

### $43.96 $29.72 $42.75 $26.00 16 8 66.67% 33.33% 

### $38.21 $16.66 $39.25 $14.00 16 8 66.67% 33.33% 

### $37.03 $14.99 $37.25 $15.50 16 8 66.67% 33.33% 

### $34.37 $14.56 $32.75 $15.00 16 8 66.67% 33.33% 

### $29.22 $13.10 $28.50 $14.50 16 8 66.67% 33.33% 

### $29.22 $13.10 $28.50 $14.50 16 8 66.67% 33.33% 

### $0.00 $18.86 $0.00 $18.25 0 24 0.00% 100.00% 

### $35.67 $18.86 $35.75 $18.25 16 8 66.67% 33.33% 

### $36.89 $16.54 $38.25 $14.25 16 8 66.67% 33.33% 

### $36.75 $15.70 $35.75 $12.75 16 8 66.67% 33.33% 

### $36.35 $15.12 $36.25 $13.00 16 8 66.67% 33.33%

### $33.53 $14.86 $33.50 $12.25 16 8 66.67% 33.33%



### $33.53 $14.86 $33.50 $12.25 16 8 66.67% 33.33% 

### $0.00 $21.04 $0.00 $17.00 0 24 0.00% 100.00% 

### $36.99 $21.04 $37.50 $17.00 16 8 66.67% 33.33% 

### $37.19 $16.90 $40.50 $15.75 16 8 66.67% 33.33% 

### $38.24 $19.25 $45.00 $17.00 16 8 66.67% 33.33% 

### $39.13 $19.90 $43.50 $15.00 16 8 66.67% 33.33% 

### $36.42 $20.48 $38.00 $15.50 16 8 66.67% 33.33% 

### $36.42 $20.48 $38.00 $15.50 16 8 66.67% 33.33% 

### $0.00 $32.52 $0.00 $29.50 0 24 0.00% 100.00% 

### $42.94 $32.52 $49.00 $29.50 16 8 66.67% 33.33% 

### $42.33 $23.00 $48.00 $18.25 16 8 66.67% 33.33% 

### $41.26 $19.67 $46.00 $16.00 16 8 66.67% 33.33% 

### $41.07 $20.21 $46.50 $19.25 16 8 66.67% 33.33% 

### $39.58 $22.42 $41.56 $19.00 16 8 66.67% 33.33% 

### $39.58 $22.42 $41.56 $19.00 16 8 66.67% 33.33% 

### $0.00 $32.25 $0.00 $20.75 0 24 0.00% 100.00% 

### $0.00 $32.25 $0.00 $20.75 0 24 0.00% 100.00% 

### $41.66 $32.25 $45.00 $20.75 16 8 66.67% 33.33% 

### $38.83 $22.24 $41.50 $18.50 16 8 66.67% 33.33% 

### $42.25 $23.35 $44.46 $19.25 16 8 66.67% 33.33%

### $40.50 $40.50 2007

$63.77 $63.87 2007 $61.69 $61.38 2007

$58.38 $59.18 2007

$73.02 $75.89 2007 $60.32 $63.96 2007 $60.32 $63.96 2007 $87.27 $88.99 2007 $86.33 $89.52 2007 $57.25 $62.69 2007

### $43.74 $44.50 2007

$44.62 $44.75 2007 $59.41 $62.98 2007 $49.24 $53.40 2007 $51.52 $54.29 2007 $48.17 $51.40 2007 $48.17 $51.40 2007 $42.39 $45.89 2007 $52.27 $58.80 2007 $49.26 $52.72 2007 $51.34 $54.49 2007 $52.07 $52.69 2007 $50.77 $50.93 2007 $50.77 $50.93 2007 $41.50 $37.75 2007 $53.61 $53.92 2007 $47.38 $48.45 2007 $42.89 $43.75 2007 $42.07 $43.25 2007 $40.53 $41.42 2007 $40.53 $41.42 2007 $35.00 $35.60 2007 $43.66 $45.20 2007 $43.82 $43.33 2007 $47.57 $46.22 2007 $47.57 $46.22 2007 $46.56 $43.17 2007 $46.56 $43.17 2007 $41.42 $36.75 2007 $48.90 $46.50 2007 $52.95 $50.42 2007 $59.52 $56.50 2007 $65.07 $60.13 2007 $54.30 $50.33 2007 $54.30 $50.33 2007 $46.11 $43.00 2007 $55.60 $52.67 2007 $55.72 $51.75 2007 $55.71 $53.42 2007 $58.29 $53.17 2007 $55.72 $53.33 2007 $55.72 $53.33 2007 $48.35 $42.14 2007 $55.49 $52.05 2007 $51.89 $45.33 2007 $53.47 $47.83 2007 $52.15 $47.12 2007 $52.77 $47.33 2007 $52.77 $47.33 2007 $48.60 $44.46 2007 $56.25 $52.92 2007

### $52.55 $46.00 2007

$53.41 $47.71 2007 $54.02 $48.83 2007 $56.67 $50.17 2007 $56.67 $50.17 2007 $50.25 $47.35 2007 $59.46 $54.45 2007 $56.59 $51.97 2007 $55.73 $53.54 2007 $55.97 $50.79 2007 $54.64 $51.33 2007 $54.64 $51.33 2007 $44.76 $42.00 2007 $50.14 $49.17 2007 $49.95 $48.87 2007 $51.57 $49.67 2007 $51.57 $49.67 2007 $49.79 $45.50 2007 $49.79 $45.50 2007 $40.85 $38.00 2007 $47.54 $47.33 2007 $46.21 $45.67 2007 $47.22 $46.00 2007 $43.68 $43.50 2007 $40.65 $42.17 2007 $40.65 $42.17 2007 $35.66 $35.50 2007 $40.73 $42.50 2007 $41.69 $42.08 2007 $41.69 $42.08 2007 $37.52 $40.00 2007 $40.09 $40.67 2007 $40.09 $40.67 2007 $41.91 $41.75 2007 $44.02 $46.25 2007 $55.75 $56.50 2007 $59.76 $62.00 2007 $59.76 $62.00 2007 $62.02 $61.58 2007 $56.22 $57.25 2007 $50.49 $48.75 2007 $55.68 $55.92 2007 $49.96 $50.00 2007 $53.08 $53.50 2007 $52.82 $51.92 2007 $50.25 $49.17 2007 $50.25 $49.17 2007 $53.91 $49.00 2007 $54.68 $56.67 2007 $53.83 $62.17 2007 $59.54 $63.50 2007

### $62.42 $66.42 2007

$63.23 $67.17 2007 $63.23 $67.17 2007 $54.65 $55.50 2007 $62.18 $63.33 2007 $55.06 $56.83 2007 $55.28 $57.42 2007 $55.28 $57.42 2007 $56.03 $57.00 2007 $56.03 $57.00 2007 $52.75 $51.50 2007 $56.16 $57.17 2007 $51.31 $49.00 2007 $54.69 $53.67 2007 $56.51 $55.83 2007 $55.80 $55.42 2007 $55.80 $55.42 2007 $55.57 $52.00 2007 $59.88 $59.83 2007 $17.00 $16.00 2008 $56.87 $56.17 2008 $59.83 $58.50 2008 $56.63 $54.00 2008 $56.63 $54.00 2008 $51.29 $48.49 2008 $57.25 $56.52 2008 $58.71 $58.04 2008 $58.31 $58.24 2008 $58.96 $59.14 2008 $57.63 $57.40 2008 $57.63 $57.40 2008 $56.54 $57.00 2008 $62.73 $63.63 2008 $63.58 $65.83 2008 $67.53 $73.25 2008 $67.53 $73.25 2008 $66.02 $66.50 2008 $66.02 $66.50 2008 $61.80 $64.50 2008 $67.90 $70.83 2008 $69.32 $73.33 2008 $62.58 $67.67 2008 $62.81 $66.25 2008 $60.01 $63.21 2008 $60.01 $63.21 2008 $59.01 $59.00 2008 $61.45 $65.09 2008 $59.49 $63.61 2008 $62.79 $67.75 2008 $64.40 $70.37 2008 $63.26 $69.33 2008

### $63.26 $69.33 2008

$59.10 $58.50 2008 $66.06 $67.17 2008 $64.42 $68.50 2008 $68.40 $72.33 2008 $68.00 $69.33 2008 $62.78 $63.17 2008 $62.78 $63.17 2008 $55.62 $53.50 2008 $63.39 $63.97 2008 $63.57 $64.89 2008 $62.67 $63.33 2008 $62.67 $63.33 2008 $60.51 $62.00 2008 $60.51 $62.00 2008 $54.72 $54.75 2008 $63.85 $64.25 2008 $63.52 $63.67 2008 $66.61 $67.00 2008 $66.67 $66.75 2008 $63.72 $64.00 2008 $63.72 $64.00 2008 $60.07 $59.75 2008 $66.96 $67.92 2008 $68.53 $70.00 2008 $68.43 $70.42 2008 $68.43 $70.42 2008 $67.33 $69.83 2008 $64.50 $66.42 2008 $61.24 $64.25 2008 $67.43 $70.75 2008 $67.30 $69.92 2008 $69.70 $74.29 2008 $70.78 $74.67 2008 $70.81 $73.08 2008 $70.81 $73.08 2008 $71.65 $71.50 2008 $77.34 $78.17 2008 $76.44 $79.17 2008 $77.42 $78.17 2008 $72.61 $73.50 2008 $67.91 $69.17 2008 $67.91 $69.17 2008 $66.18 $66.00 2008 $73.06 $74.17 2008 $71.70 $74.50 2008 $71.34 $73.33 2008 $71.34 $73.33 2008 $64.87 $64.50 2008 $64.87 $64.50 2008 $52.64 $54.25 2008

### $61.35 $62.42 2008

$65.09 $65.58 2008 $67.07 $68.17 2008 $70.42 $72.25 2008 $70.44 $73.50 2008 $70.44 $73.50 2008 $71.82 $71.50 2008 $79.05 $81.50 2008 $84.32 $86.75 2008 $79.94 $82.83 2008 $74.11 $77.83 2008 $77.61 $79.50 2008 $77.61 $79.50 2008 $79.76 $78.86 2008 $85.70 $86.62 2008 $83.39 $83.17 2008 $78.68 $78.50 2008 $74.51 $74.75 2008 $76.81 $78.67 2008 $76.81 $78.67 2008 $78.82 $78.75 2008 $91.60 $95.42 2008 $82.37 $83.92 2008 $77.75 $79.00 2008 $78.15 $79.50 2008 $79.88 $80.67 2008 $79.88 $80.67 2008 $71.29 $72.00 2008 $83.42 $83.17 2008 $87.22 $88.25 2008 $86.90 $87.50 2008 $80.27 $76.33 2008 $80.57 $77.17 2008 $80.57 $77.17 2008 $81.97 $77.00 2008 $93.94 $89.83 2008 $88.54 $85.67 2008 $82.14 $78.67 2008 $77.83 $76.08 2008 $76.45 $76.33 2008 $76.45 $76.33 2008 $68.34 $67.50 2008 $76.85 $76.67 2008 $77.38 $76.50 2008 $77.30 $76.50 2008 $73.30 $74.00 2008 $74.19 $75.50 2008 $74.19 $75.50 2008 $67.19 $69.00 2008 $78.93 $79.17 2008 $79.36 $75.33 2008

### $76.02 $76.03 2008

$79.71 $81.00 2008 $85.73 $85.50 2008 $85.73 $85.50 2008 $75.80 $69.00 2008 $89.12 $87.00 2008 $86.06 $85.49 2008 $75.22 $74.50 2008 $75.22 $74.50 2008 $65.50 $59.83 2008 $65.50 $59.83 2008 $42.00 $34.00 2008 $42.00 $34.00 2008 $61.70 $56.50 2008 $61.51 $54.67 2008 $61.18 $54.67 2008 $58.67 $56.33 2008 $58.67 $56.33 2008 $51.00 $41.00 2008 $70.07 $63.00 2008 $78.68 $72.00 2008 $77.59 $68.00 2008 $71.82 $61.08 2008 $68.41 $55.67 2008 $68.41 $55.67 2008 $62.00 $42.25 2008 $78.98 $66.42 2008 $83.55 $71.67 2008 $76.97 $70.25 2008 $77.33 $71.58 2008 $80.75 $72.17 2008 $80.75 $72.17 2008 $74.86 $60.00 2008 $92.36 $92.00 2008 $101.06 $103.42 2008 $114.88 $113.66 2008 $118.15 $118.33 2008 $115.26 $111.78 2008 $115.26 $111.78 2008 $90.36 $87.00 2008 $109.99 $110.50 2008 $101.24 $101.75 2008 $97.50 $94.67 2008 $89.00 $87.42 2008 $87.63 $86.83 2008 $87.63 $86.83 2008 $83.16 $76.25 2008 $106.09 $104.08 2008 $113.26 $109.48 2008 $116.00 $111.26 2008 $116.00 $111.26 2008

### $84.16 $76.92 2008

$99.38 $92.69 2008 $77.67 $66.00 2008 $118.43 $111.49 2008 $120.57 $110.55 2008 $107.42 $97.55 2008 $95.67 $92.56 2008 $79.06 $77.33 2008 $79.06 $77.33 2008 $78.25 $72.75 2008 $93.39 $91.08 2008 $91.47 $90.76 2008 $95.35 $93.63 2008 $89.98 $88.68 2008 $90.42 $88.50 2008 $90.42 $88.50 2008 $75.21 $76.50 2008 $88.66 $90.33 2008 $87.25 $89.33 2008 $86.71 $86.92 2008 $86.09 $87.00 2008 $82.35 $81.00 2008 $82.35 $81.00 2008 $64.93 $64.00 2008 $80.35 $82.33 2008 $76.62 $77.74 2008 $75.85 $77.11 2008 $72.86 $71.83 2008 $75.17 $74.71 2008 $75.17 $74.71 2008 $64.25 $63.00 2008 $79.31 $79.69 2008 $79.68 $80.92 2008 $71.60 $72.69 2008 $72.29 $72.47 2008 $69.30 $69.59 2008 $69.30 $69.59 2008 $59.07 $57.25 2008 $72.53 $71.16 2008 $73.01 $72.96 2008 $70.54 $68.66 2008 $70.55 $68.43 2008 $68.71 $67.92 2008 $68.71 $67.92 2008 $57.46 $55.00 2008 $70.01 $68.59 2008 $64.32 $63.61 2008 $61.90 $60.68 2008 $64.00 $62.28 2008 $62.66 $60.15 2008 $62.66 $60.15 2008

### $59.87 $58.50 2008

$71.62 $68.97 2008 $66.78 $65.69 2008 $70.16 $68.92 2008 $70.16 $68.92 2008 $67.93 $64.73 2008 $67.93 $64.73 2008 $57.50 $55.50 2008 $45.59 $44.00 2008 $60.59 $55.59 2008 $57.07 $53.00 2008 $57.61 $50.26 2008 $56.96 $53.25 2008 $56.96 $53.25 2008 $46.72 $45.00 2008 $57.94 $55.29 2008 $54.50 $53.17 2008 $50.15 $50.12 2008 $52.02 $52.48 2008 $49.67 $49.77 2008 $49.67 $49.77 2008 $44.03 $47.00 2008 $53.02 $54.17 2008 $49.15 $49.71 2008 $48.75 $48.55 2008 $48.85 $48.29 2008 $50.78 $47.98 2008 $50.78 $47.98 2008 $44.31 $40.25 2008 $50.91 $47.42 2008 $47.91 $45.89 2008 $47.66 $47.73 2008 $50.05 $48.24 2008 $48.25 $46.19 2008 $48.25 $46.19 2008 $44.42 $41.94 2008 $50.17 $48.41 2008 $51.97 $49.21 2008 $50.26 $47.92 2008 $50.27 $50.00 2008 $49.93 $48.69 2008 $49.93 $48.69 2008 $40.01 $37.75 2008 $49.17 $48.76 2008 $47.02 $45.93 2008 $46.21 $46.25 2008 $44.75 $44.35 2008 $40.52 $38.49 2008 $40.52 $38.49 2008 $26.11 $24.77 2008 $33.86 $31.59 2008

### $31.85 $30.83 2008

$28.36 $28.93 2008 $32.59 $32.96 2008 $38.20 $36.74 2008 $38.20 $36.74 2008 $34.79 $30.53 2008 $41.40 $37.72 2008 $43.94 $42.07 2008 $44.10 $43.58 2008 $46.05 $44.23 2008 $40.12 $38.49 2008 $40.12 $38.49 2008 $29.26 $26.14 2008 $36.19 $35.55 2008 $36.50 $35.25 2008 $38.34 $37.48 2008 $38.34 $37.48 2008 $38.68 $37.60 2008 $32.88 $31.31 2008 $28.93 $28.00 2008 $32.10 $33.46 2008 $26.64 $29.29 2008 $32.74 $34.29 2008 $39.26 $41.82 2008 $43.77 $43.46 2008 $43.77 $43.46 2008 $41.20 $42.25 2008 $42.73 $44.25 2008 $46.35 $43.17 2008 $46.35 $43.17 2008 $38.01 $34.76 2008 $35.03 $33.12 2008 $35.03 $33.12 2008 $30.58 $27.25 2008 $33.63 $31.92 2008 $37.49 $32.35 2008 $41.19 $32.45 2008 $43.50 $38.54 2008 $40.83 $36.61 2008 $40.83 $36.61 2008 $34.74 $31.00 2008 $40.45 $37.57 2008 $44.37 $40.70 2008 $44.37 $40.70 2008 $38.12 $33.61 2008 $38.33 $35.30 2008 $38.33 $35.30 2008 $36.24 $32.75 2008 $42.00 $39.33 2008 $42.44 $37.83 2008 $43.00 $37.93 2008

### $42.51 $36.83 2008

$42.06 $35.91 2008 $42.06 $35.91 2008 $33.91 $30.50 2008 $39.69 $37.00 2008 $37.97 $35.17 2008 $39.38 $37.00 2008 $44.17 $41.33 2008 $44.43 $41.50 2008 $44.43 $41.50 2008 $38.11 $32.25 2008 $46.56 $43.90 2008 $50.45 $51.65 2008 $50.53 $51.24 2008 $47.36 $48.16 2008 $42.03 $42.66 2008 $42.03 $42.66 2008 $39.50 $38.75 2008 $45.33 $46.22 2008 $41.14 $40.67 2008 $41.14 $40.67 2008 $34.76 $33.50 2008 $38.31 $38.21 2008 $38.31 $38.21 2008 $30.49 $30.25 2008 $39.54 $39.42 2008 $46.05 $45.69 2008 $46.05 $45.69 2008 $39.57 $36.98 2009 $37.24 $37.41 2009 $37.24 $37.41 2009 $31.70 $30.82 2009 $39.09 $39.57 2009 $37.12 $39.80 2009 $40.65 $42.02 2009 $40.26 $39.74 2009 $38.05 $38.09 2009 $38.05 $38.09 2009 $31.98 $31.82 2009 $38.26 $39.97 2009 $37.46 $38.00 2009 $37.53 $37.54 2009 $37.53 $37.54 2009 $34.56 $33.57 2009 $34.56 $33.57 2009 $32.41 $30.83 2009 $36.87 $36.39 2009 $34.38 $34.25 2009 $30.89 $31.36 2009 $32.01 $31.61 2009 $27.88 $27.94 2009

### $27.88 $27.94 2009

$26.92 $25.80 2009 $31.10 $31.08 2009 $30.75 $31.29 2009 $33.47 $34.15 2009 $34.65 $35.87 2009 $32.39 $33.35 2009 $32.39 $33.35 2009 $29.95 $31.00 2009 $35.53 $36.39 2009 $33.32 $33.73 2009 $33.81 $34.15 2009 $32.75 $33.25 2009 $31.13 $31.51 2009 $31.13 $31.51 2009 $26.60 $28.00 2009 $32.70 $32.80 2009 $33.23 $36.63 2009 $36.60 $39.08 2009 $36.60 $39.08 2009 $33.13 $33.69 2009 $33.13 $33.69 2009 $28.74 $30.75 2009 $32.41 $33.64 2009 $31.65 $33.17 2009 $31.09 $31.19 2009 $30.64 $31.26 2009 $29.04 $29.86 2009 $29.04 $29.86 2009 $24.18 $25.50 2009 $28.19 $28.99 2009 $27.49 $28.26 2009 $27.22 $28.03 2009 $26.19 $27.30 2009 $25.18 $25.71 2009 $25.18 $25.71 2009 $20.22 $20.25 2009 $25.10 $25.49 2009 $25.00 $24.10 2009 $24.86 $24.28 2009 $24.87 $24.39 2009 $25.30 $24.73 2009 $25.30 $24.73 2009 $22.82 $23.50 2009 $27.65 $29.04 2009 $29.23 $30.82 2009 $29.24 $31.00 2009 $28.88 $30.13 2009 $25.96 $26.58 2009 $25.96 $26.58 2009 $21.78 $22.00 2009

### $26.39 $25.81 2009

$25.80 $25.50 2009 $25.85 $25.90 2009 $25.69 $25.61 2009 $23.94 $24.52 2009 $23.94 $24.52 2009 $22.48 $21.25 2009 $28.09 $27.08 2009 $27.22 $27.03 2009 $26.93 $26.70 2009 $27.60 $27.67 2009 $27.80 $27.34 2009 $27.80 $27.34 2009 $25.41 $26.00 2009 $29.20 $29.04 2009 $25.06 $25.09 2009 $26.59 $27.20 2009 $24.46 $23.92 2009 $24.04 $23.32 2009 $24.04 $23.32 2009 $26.06 $26.25 2009 $28.71 $28.75 2009 $27.36 $27.53 2009 $25.02 $25.74 2009 $25.02 $25.74 2009 $23.99 $24.17 2009 $23.99 $24.17 2009 $18.73 $18.00 2009 $24.08 $23.33 2009 $24.05 $22.16 2009 $23.71 $23.59 2009 $25.90 $24.60 2009 $23.11 $22.57 2009 $23.11 $22.57 2009 $22.00 $20.75 2009 $29.24 $28.95 2009 $25.50 $26.75 2009 $24.45 $23.70 2009 $23.12 $21.42 2009 $22.07 $19.77 2009 $22.07 $19.77 2009 $17.04 $16.50 2009 $23.57 $22.33 2009 $21.60 $20.83 2009 $22.69 $22.33 2009 $25.44 $25.00 2009 $25.45 $24.10 2009 $25.45 $24.10 2009 $21.45 $18.57 2009 $24.75 $23.54 2009 $24.91 $23.72 2009

### $26.02 $29.24 2009

$28.28 $28.92 2009 $29.95 $28.47 2009 $29.95 $28.47 2009 $28.75 $28.00 2009 $37.04 $37.33 2009 $36.91 $36.02 2009 $39.25 $38.67 2009 $38.83 $36.42 2009 $33.69 $32.20 2009 $33.69 $32.20 2009 $32.20 $32.75 2009 $41.21 $41.58 2009 $32.43 $31.90 2009 $30.69 $29.06 2009 $30.69 $29.06 2009 $27.78 $26.37 2009 $27.78 $26.37 2009 $22.89 $21.50 2009 $22.89 $21.50 2009 $24.17 $23.41 2009 $25.65 $23.47 2009 $25.65 $23.47 2009 $24.32 $23.38 2009 $24.32 $23.38 2009 $20.50 $20.50 2009 $27.14 $26.33 2009 $23.29 $23.07 2009 $23.24 $22.90 2009 $22.32 $21.08 2009 $21.59 $20.53 2009 $21.59 $20.53 2009 $14.05 $10.98 2009 $23.12 $21.16 2009 $20.92 $19.58 2009 $19.98 $19.23 2009 $20.06 $19.92 2009 $20.07 $19.45 2009 $20.07 $19.45 2009 $18.09 $17.75 2009 $22.84 $22.58 2009 $24.34 $24.15 2009 $26.52 $25.17 2009 $27.72 $26.75 2009 $25.87 $23.90 2009 $25.87 $23.90 2009 $22.17 $21.50 2009 $28.40 $27.17 2009 $26.09 $24.83 2009 $28.21 $26.33 2009 $26.86 $27.25 2009

### $26.96 $26.08 2009

$26.96 $26.08 2009 $24.00 $22.00 2009 $30.58 $30.00 2009 $32.36 $32.92 2009 $31.86 $32.75 2009 $31.86 $32.75 2009 $29.93 $31.09 2009 $22.45 $23.50 2009 $22.59 $24.75 2009 $28.38 $30.34 2009 $27.27 $28.71 2009 $28.14 $28.46 2009 $26.86 $26.92 2009 $27.59 $28.17 2009 $27.59 $28.17 2009 $23.65 $22.25 2009 $32.26 $33.01 2009 $34.48 $37.03 2009 $36.61 $38.54 2009 $37.31 $38.96 2009 $34.57 $36.17 2009 $34.57 $36.17 2009 $28.15 $32.00 2009 $38.42 $41.09 2009 $39.97 $43.23 2009 $39.85 $40.70 2009 $37.53 $39.33 2009 $37.08 $38.50 2009 $37.08 $38.50 2009 $31.18 $38.50 2009 $40.16 $43.33 2009 $38.89 $40.48 2009 $35.72 $37.26 2009 $35.72 $37.26 2009 $32.89 $33.36 2009 $30.91 $32.88 2009 $30.46 $29.75 2009 $35.35 $35.92 2009 $33.44 $35.00 2009 $33.10 $34.56 2009 $32.48 $35.67 2009 $32.32 $34.98 2009 $32.32 $34.98 2009 $28.70 $28.38 2009 $35.11 $35.93 2009 $35.31 $36.27 2009 $33.53 $34.33 2009 $30.73 $34.72 2009 $28.79 $32.13 2009 $28.79 $32.13 2009

### $25.46 $26.00 2009

$31.01 $33.71 2009 $27.68 $29.74 2009 $27.66 $29.37 2009 $27.57 $29.30 2009 $25.97 $27.83 2009 $25.97 $27.83 2009 $21.58 $24.00 2009 $26.05 $30.17 2009 $23.73 $25.86 2009 $26.61 $28.36 2009 $29.25 $29.13 2009 $28.28 $28.79 2009 $28.28 $28.79 2009 $22.68 $24.25 2009 $29.42 $30.92 2009 $27.05 $29.05 2009 $26.13 $28.67 2009 $26.13 $28.67 2009 $22.99 $24.62 2009 $22.99 $24.62 2009 $17.23 $19.00 2009 $17.23 $19.00 2009 $21.23 $22.58 2009 $22.26 $24.00 2009 $24.65 $25.97 2009 $24.09 $26.71 2009 $24.09 $26.71 2009 $24.27 $26.00 2009 $28.58 $31.06 2009 $24.46 $25.20 2009 $29.28 $32.00 2009 $30.45 $32.39 2009 $31.43 $32.42 2009 $31.43 $32.42 2009 $26.45 $27.50 2009 $33.08 $35.07 2009 $28.64 $32.16 2009 $29.42 $32.96 2009 $26.77 $29.25 2009 $28.54 $28.99 2009 $28.54 $28.99 2009 $28.21 $27.29 2009 $32.82 $32.12 2009 $29.42 $29.50 2009 $28.65 $28.52 2009 $27.46 $29.58 2009 $27.24 $27.61 2009 $27.24 $27.61 2009 $19.61 $18.50 2009 $23.96 $23.93 2009

### $24.70 $24.29 2009

$27.49 $27.34 2009 $31.92 $33.42 2009 $38.05 $37.58 2009 $38.05 $37.58 2009 $30.94 $28.00 2009 $35.55 $35.33 2009 $34.61 $34.40 2009 $34.18 $32.95 2009 $33.61 $32.47 2009 $34.74 $33.02 2009 $34.74 $33.02 2009 $32.08 $26.07 2009 $36.90 $34.69 2009 $37.43 $35.31 2009 $39.76 $35.24 2009 $41.19 $37.21 2009 $41.86 $38.66 2009 $41.86 $38.66 2009 $38.74 $33.24 2009 $44.41 $40.90 2009 $39.47 $36.74 2009 $37.68 $34.56 2009 $39.36 $35.80 2009 $35.63 $34.40 2009 $35.63 $34.40 2009 $32.40 $31.75 2009 $36.61 $36.96 2009 $37.81 $32.14 2009 $37.65 $33.00 2009 $37.82 $32.50 2009 $32.33 $26.20 2009 $32.33 $26.20 2009 $28.53 $26.08 2009 $32.86 $31.89 2009 $33.82 $33.96 2009 $31.10 $31.14 2009 $31.10 $31.14 2009 $26.19 $26.42 2009 $26.19 $26.42 2009 $22.10 $22.27 2009 $24.59 $26.69 2009 $24.35 $23.92 2009 $30.72 $29.94 2009 $32.12 $32.15 2009 $31.09 $31.69 2009 $31.09 $31.69 2009 $29.77 $27.00 2009 $30.94 $30.96 2009 $31.44 $29.45 2009 $31.44 $29.45 2009

### $24.92 $21.50 2009

$27.64 $25.07 2009 $27.64 $25.07 2009 $25.87 $21.75 2009 $28.60 $25.82 2009 $38.91 $39.58 2009 $38.88 $40.08 2009 $40.14 $41.33 2009 $39.50 $43.00 2009 $39.50 $43.00 2009 $36.48 $37.63 2009 $40.61 $44.54 2009 $43.52 $47.58 2009 $54.81 $60.45 2009 $50.05 $52.64 2009 $45.66 $49.35 2009 $45.66 $49.35 2009 $38.23 $38.78 2009 $44.42 $46.93 2009 $43.92 $44.92 2009 $43.03 $43.08 2009 $42.13 $42.67 2009 $42.00 $43.17 2009 $42.00 $43.17 2009 $38.71 $41.75 2009 $45.59 $48.08 2009 $43.07 $45.67 2009 $43.07 $45.67 2009 $43.89 $42.17 2009 $40.33 $38.50 2009 $43.89 $42.17 2009 $39.11 $39.75 2009 $45.06 $45.42 2009 $46.66 $46.50 2009 $46.95 $46.50 2009 $46.95 $46.50 2009 $35.37 $34.25 2010 $41.14 $39.58 2010 $33.60 $34.75 2010 $42.67 $42.75 2010 $45.36 $46.17 2010 $44.51 $45.75 2010 $43.42 $43.75 2010 $48.47 $51.42 2010 $48.47 $51.42 2010 $38.05 $38.25 2010 $44.13 $44.08 2010 $42.44 $42.25 2010 $44.61 $43.97 2010 $44.61 $43.97 2010 $42.83 $40.81 2010

### $42.83 $40.81 2010

$39.83 $38.25 2010 $44.94 $43.42 2010 $44.78 $43.50 2010 $44.67 $43.58 2010 $44.54 $46.00 2010 $42.67 $42.67 2010 $42.67 $42.67 2010 $39.17 $37.50 2010 $45.24 $44.67 2010 $44.34 $43.33 2010 $41.89 $43.08 2010 $41.89 $43.08 2010 $39.55 $39.42 2010 $39.55 $39.42 2010 $37.22 $36.25 2010 $39.60 $39.67 2010 $41.30 $42.17 2010 $43.39 $46.17 2010 $44.59 $46.67 2010 $44.61 $43.67 2010 $44.61 $43.67 2010 $40.11 $38.25 2010 $48.02 $47.08 2010 $46.21 $46.92 2010 $46.05 $46.83 2010 $46.05 $46.83 2010 $46.52 $45.83 2010 $46.52 $45.83 2010 $42.75 $41.75 2010 $46.80 $45.58 2010 $42.73 $43.00 2010 $42.76 $42.50 2010 $41.67 $42.08 2010 $39.12 $38.50 2010 $39.12 $38.50 2010 $35.64 $35.00 2010 $39.75 $39.67 2010 $38.76 $39.67 2010 $39.38 $40.42 2010 $39.38 $40.42 2010 $39.71 $39.83 2010 $39.71 $39.83 2010 $37.50 $38.00 2010 $39.12 $41.83 2010 $39.32 $42.50 2010 $39.88 $42.25 2010 $40.05 $42.00 2010 $38.92 $40.58 2010 $38.92 $40.58 2010 $34.99 $34.75 2010

### $39.24 $40.25 2010

$40.64 $43.92 2010 $39.97 $43.17 2010 $39.57 $42.67 2010 $39.71 $40.42 2010 $39.71 $40.42 2010 $38.00 $38.50 2010 $42.07 $42.83 2010 $38.39 $40.75 2010 $41.23 $41.08 2010 $40.28 $39.83 2010 $35.11 $36.08 2010 $35.11 $36.08 2010 $30.21 $30.75 2010 $35.61 $36.58 2010 $34.73 $35.75 2010 $35.64 $37.42 2010 $33.84 $35.17 2010 $33.61 $33.75 2010 $33.61 $33.75 2010 $30.59 $32.50 2010 $35.98 $37.17 2010 $34.26 $35.17 2010 $33.98 $35.58 2010 $31.98 $27.60 2010 $31.98 $27.60 2010 $31.98 $27.60 2010 $27.23 $27.00 2010 $32.66 $32.83 2010 $31.43 $30.72 2010 $33.78 $35.08 2010 $35.32 $35.67 2010 $34.84 $36.50 2010 $34.84 $36.50 2010 $30.80 $32.00 2010 $35.37 $37.00 2010 $33.68 $34.00 2010 $33.65 $35.08 2010 $35.83 $37.33 2010 $33.07 $33.42 2010 $33.07 $33.42 2010 $27.76 $28.50 2010 $32.96 $34.50 2010 $31.81 $34.83 2010 $31.53 $34.00 2010 $30.84 $33.00 2010 $30.64 $31.75 2010 $30.64 $31.75 2010 $29.00 $29.00 2010 $32.92 $33.67 2010 $33.20 $34.58 2010

### $32.34 $34.50 2010

$32.34 $34.50 2010 $30.45 $30.08 2010 $29.19 $28.92 2010 $26.42 $26.40 2010 $32.14 $30.63 2010 $30.64 $28.75 2010 $32.26 $32.50 2010 $31.65 $30.08 2010 $30.76 $29.25 2010 $30.76 $29.25 2010 $27.65 $27.00 2010 $32.09 $29.33 2010 $31.25 $30.75 2010 $31.19 $30.83 2010 $30.99 $29.75 2010 $31.44 $31.08 2010 $31.44 $31.08 2010 $29.11 $29.50 2010 $34.72 $34.83 2010 $32.77 $32.25 2010 $33.54 $30.42 2010 $31.57 $29.17 2010 $29.74 $26.75 2010 $29.74 $26.75 2010 $24.19 $20.50 2010 $30.72 $28.00 2010 $29.41 $26.42 2010 $30.79 $26.00 2010 $30.79 $26.00 2010 $28.88 $25.42 2010 $28.88 $25.42 2010 $29.95 $27.50 2010 $29.95 $27.50 2010 $31.62 $31.18 2010 $29.19 $26.25 2010 $28.19 $26.71 2010 $27.76 $26.25 2010 $27.76 $26.25 2010 $29.72 $26.00 2010 $39.21 $37.17 2010 $31.03 $30.83 2010 $29.68 $30.00 2010 $27.77 $26.83 2010 $23.85 $23.83 2010 $23.85 $23.83 2010 $18.86 $18.25 2010 $30.07 $29.92 2010 $30.11 $30.25 2010 $29.73 $28.08 2010 $29.27 $28.50 2010

### $27.31 $26.42 2010

$27.31 $26.42 2010 $21.04 $17.00 2010 $31.67 $30.67 2010 $30.43 $32.25 2010 $31.91 $35.67 2010 $32.72 $34.00 2010 $31.11 $30.50 2010 $31.11 $30.50 2010 $32.52 $29.50 2010 $39.47 $42.50 2010 $35.89 $38.08 2010 $34.06 $36.00 2010 $34.12 $37.42 2010 $33.86 $34.04 2010 $33.86 $34.04 2010 $32.25 $20.75 2010 $32.25 $20.75 2010 $38.52 $36.92 2010 $33.30 $33.83 2010 $35.95 $36.06 2010E C/R Energy Strategies E.N. 1109 **FCPP - SCR Cost Assessment Model**

**BOR ONLY Navajo Generating Station (NGS) Economic Assessment Model** 
**Case Names Description** 

Year **2012 2013**  **2014 2015**  **2016 2017**  **2018 2019**  **2020 2021**  **2022 2023**  **2024 2025**  **2026 2027**  **2028 2029**  **2030 2031**  **2032** Year No. Starting 2012 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 Year No. Starting 2017 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 Year No. Starting 2023 1 2 3 4 5 6 7 8 9 10 1/1/2012 1/1/2013 1/1/2014 1/1/2015 1/1/2016 1/1/2017 1/1/2018 1/1/2019 1/1/2020 1/1/2021 1/1/2022 1/1/2023 1/1/2024 1/1/2025 1/1/2026 1/1/2027 1/1/2028 1/1/2029 1/1/2030 1/1/2031 1/1/2032

**Units NPV** 

**From 2012**

a **Generation Statistics** b Gross Capacity MW 585 585 585 585 585 585 585 585 585 585 585 585 585 585 585 585 585 585 585 585 585

c Operating Capacity MW 547 547 547 547 547 547 547 547 547 547 547 547 547 547 547 547 547 547 547 547 547 d Efficiency Vs. Base Case Efficiency % 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100%

e Net Generation MWh 102,982,033 4,119,281 4,119,281 4,119,281 4,119,281 4,119,281 4,119,281 4,119,281 4,119,281 4,119,281 4,119,281 4,119,281 4,119,281 4,119,281 4,119,281 4,119,281 4,119,281 4,119,281 4,119,281 4,119,281 4,119,281 4,119,281 f Capacity Factor % 86% 86% 86% 86% 86% 86% 86% 86% 86% 86% 86% 86% 86% 86% 86% 86% 86% 86% 86% 86% 86% **Base Case**

1 **Capital Expense (CAPEX)**

2 **Depreciation Expense** 3 Net Plant in Service $000 263,640 $ 253,095

$ 242,549

$ 232,003

$ 221,458

$ 210,912

$ 200,367

$ 189,821

$ 179,275

$ 168,730

$ 158,184

$ 147,639

$ 137,093

$ 126,547

$ 116,002

$ 105,457

$ 94,911

$ 84,365

$ 73,819

$ 63,274

$ 52,728

$
4 Annual Depreciation Expense $000 10,546 $ 10,546

$ 10,546

$ 10,546

$ 10,546

$ 10,546

$ 10,546

$ 10,546

$ 10,546

$ 10,546

$ 10,546

$ 10,546

$ 10,546

$ 10,546

$ 10,546

$ 10,545

$ 10,546

$ 10,546

$ 10,546

$ 10,546

$ 10,546

$ 5 Accumulated Depreciation $000 172,699 183,244 193,790 204,335 214,881 225,427 235,972 246,518 257,063 267,609 278,155 288,700 299,246 309,792 320,337 330,882 341,428 351,974 362,520 373,065 383,611 6 7 **Return on Capital** 8 Capital Recovery $000 6,432 6,175 5,917 5,660 5,403 5,146 4,888 4,631 4,374 4,116 3,859 3,602 3,345 3,087 2,830 2,573 2,315 2,058 1,801 1,544 1,286 9 $ per MWh 1.56 1.50 1.44 1.37 1.31 1.25 1.19 1.12 1.06 1.00 0.94 0.87 0.81 0.75 0.69 0.62 0.56 0.50 0.44 0.37 0.31 10 11 **Total CAPEX** (Depreciation + Return on Capital) $000 16,978 16,720 16,463 16,206 15,948 15,691 15,434 15,177 14,919 14,662 14,405 14,147 13,890 13,633 13,376 13,118 12,862 12,604 12,347 12,089 11,832 12 $ per MWh 4.12 4.06 4.00 3.93 3.87 3.81 3.75 3.68 3.62 3.56 3.50 3.43 3.37 3.31 3.25 3.18 3.12 3.06 3.00 2.93 2.87 13 **Operating Expense (OPEX)**
14 **Fuel Expenses** 15 Cost Price Change (Year over Year) % -2.1% 0.0% 0.0% 1.1% 1.0% 1.0% 0.0% -0.5% 1.0% 1.0% 1.5% 0.5% 0.5% 0.0% 0.0% 0.5% 1.5% 1.4% 0.5% 0.5% 0.0% 16 Fuel Expense $000 78,735 78,735 78,735 79,568 80,401 81,234 81,234 80,818 81,651 82,484 83,734 84,150 84,567 84,567 84,567 84,984 86,233 87,483 87,900 88,316 88,316 17 $ per MWh 19.11 19.11 19.11 19.32 19.52 19.72 19.72 19.62 19.82 20.02 20.33 20.43 20.53 20.53 20.53 20.63 20.93 21.24 21.34 21.44 21.44 18 833 81,651 19 **Non-Fuel Operating & Maintenance Expenses** 4,874 85,692 20 Operating Expenses 21 Op. Supervision & Engineering $000 2,723 2,805 2,889 2,976 3,065 3,157 3,252 3,349 3,450 3,553 3,660 3,770 3,883 3,999 4,119 4,243 4,370 4,501 4,636 4,775 4,918 22 Total Steam/Hydraulic Expense $000 3,664 3,774 3,887 4,003 4,123 4,247 4,375 4,506 4,641 4,780 4,924 5,071 5,223 5,380 5,542 5,708 5,879 6,055 6,237 6,424 6,617 23 Electric Expenses $000 942 970 1,000 1,030 1,060 1,092 1,125 1,159 1,194 1,229 1,266 1,304 1,343 1,384 1,425 1,468 1,512 1,557 1,604 1,652 1,702 24 Misc. Power Expenses $000 3,906 4,023 4,144 4,268 4,396 4,528 4,664 4,804 4,948 5,096 5,249 5,407 5,569 5,736 5,908 6,085 6,268 6,456 6,650 6,849 7,055 25 Rents $000 115 118 122 125 129 133 137 141 145 150 154 159 163 168 173 179 184 190 195 201 207 26 Allowances $000

- - - - - - - - - - - - - - - - - - - - - 27 Total Non-Fuel Operating Expenses $000 11,350 11,690 12,041 12,402 12,774 13,157 13,552 13,959 14,377 14,809 15,253 15,711 16,182 16,667 17,167 17,682 18,213 18,759 19,322 19,902 20,499 28 2.76 2.84 2.92 3.01 3.10 3.19 3.29 3.39 3.49 3.59 3.70 3.81 3.93 4.05 4.17 4.29 4.42 4.55 4.69 4.83 4.98 29 Maintenance Expenses
30 Supervision & Engineering $000 1,853 1,909 1,966 2,025 2,086 2,149 2,213 2,279 2,348 2,418 2,491 2,565 2,642 2,722 2,803 2,887 2,974 3,063 3,155 3,250 3,347 31 Structures $000 595 613 631 650 669 689 710 731 753 776 799 823 848 873 899 926 954 983 1,012 1,043 1,074
32 Boiler/Reactor/Reservoirs & Dams $000 11,745 12,097 12,460 12,834 13,219 13,615 14,024 14,445 14,878 15,324 15,784 16,258 16,745 17,248 17,765 18,298 18,847 19,412 19,995 20,595 21,212 33 Electric Plant $000 4,766 4,909 5,057 5,208 5,365 5,526 5,691 5,862 6,038 6,219 6,406 6,598 6,796 7,000 7,210 7,426 7,649 7,878 8,115 8,358 8,609 34 Misc. Plant $000 1,522 1,568 1,615 1,664 1,713 1,765 1,818 1,872 1,928 1,986 2,046 2,107 2,171 2,236 2,303 2,372 2,443 2,516 2,592 2,669 2,750
35 Total Maintenance Expenses $000 20,482 21,096 21,729 22,381 23,052 23,744 24,456 25,190 25,945 26,724 27,526 28,351 29,202 30,078 30,980 31,910 32,867 33,853 34,869 35,915 36,992 36 $ per MWh 4.97 5.12 5.27 5.43 5.60 5.76 5.94 6.12 6.30 6.49 6.68 6.88 7.09 7.30 7.52 7.75 7.98 8.22 8.46 8.72 8.98 37 **Production Costs** 38 CO2 cost If Included

- $ 110,566 111,521 112,505 114,351 116,228 118,136 119,243 119,966 121,974 124,017 126,512 128,212 129,951 131,312 132,715 134,576 137,313 140,095 142,090 144,133 145,807 39 Total Production $ per MWh 26.84 27.07 27.31 27.76 28.22 28.68 28.95 29.12 29.61 30.11 30.71 31.12 31.55 31.88 32.22 32.67 33.33 34.01 34.49 34.99 35.40 40 **Base Case Total Cost of Electricity**  Cost of Electricity $000 127,544 128,241 128,968 130,557 132,176 133,827 134,676 135,143 151,893 153,679 155,917 157,360 158,841 159,945 161,090 162,694 165,175 167,699 169,437 171,222 172,639 Cost of Electricity $ per MWh 30.96 31.13 31.31 31.69 32.09 32.49 32.69 32.81 36.87 37.31 37.85 38.20 38.56 38.83 39.11 39.50 40.10 40.71 41.13 41.57 41.91 **$Million** Plant As Operated Through 2011 Base Case + Incremental SNCR Base Case + Incremental SCR Baghouse as Incremental to Base Case BASE SNCR SCR Baghouse

09000064811c2027 BOR Share OnlyE C/R Energy Strategies E.N. 1109 **FCPP - SCR Cost Assessment Model**

**BOR ONLY Navajo Generating Station (NGS) Economic Assessment Model** 
**Case Names Description** 

a **Generation Statistics** b Gross Capacity

c Operating Capacity d Efficiency Vs. Base Case Efficiency

e Net Generation f Capacity Factor **Base Case**

1 **Capital Expense (CAPEX)**

2 **Depreciation Expense** 3 Net Plant in Service 4 Annual Depreciation Expense 5 Accumulated Depreciation 6 7 **Return on Capital** 8 Capital Recovery 9 10 11 **Total CAPEX** (Depreciation + Return on Capital) 12 13 **Operating Expense (OPEX)**
14 **Fuel Expenses** 15 Cost Price Change (Year over Year) 16 Fuel Expense 17 18 19 **Non-Fuel Operating & Maintenance Expenses** 20 Operating Expenses 21 Op. Supervision & Engineering 22 Total Steam/Hydraulic Expense 23 Electric Expenses 24 Misc. Power Expenses 25 Rents 26 Allowances
27 Total Non-Fuel Operating Expenses 28 29 Maintenance Expenses
30 Supervision & Engineering
31 Structures
32 Boiler/Reactor/Reservoirs & Dams
33 Electric Plant 34 Misc. Plant
35 Total Maintenance Expenses 36 37 **Production Costs** 38 CO2 cost If Included 39 Total Production 40 **Base Case Total Cost of Electricity**  Cost of Electricity Cost of Electricity Plant As Operated Through 2011 Base Case + Incremental SNCR Base Case + Incremental SCR Baghouse as Incremental to Base Case BASE SNCR SCR Baghouse **2033 2034**  **2035**
22 23 24 17 18 19 11 12 13 1/1/2033 1/1/2034 1/1/2035

585 585 585 547 547 547 100% 100% 100% 4,119,281 4,119,281 4,119,281 86% 86% 86%

42,182 $ 31,637

$ 21,091

$ 10,546 $ 10,546

$ 10,546

$ 394,156 404,702 415,248

1,029 772 515 0.25 0.19 0.12

11,575 11,317 11,060 2.81 2.75 2.68

0.0% 0.0% 0.5% 88,316 88,316 88,733 21.44 21.44 21.54

5,066 5,218 5,375 6,815 7,020 7,231 1,753 1,805 1,859 7,266 7,484 7,709 213 220 226

- - - 21,114 21,747 22,400 5.13 5.28 5.44

3,448 3,551 3,658 1,106 1,139 1,174 21,849 22,504 23,179 8,867 9,133 9,407 2,832 2,917 3,004 38,102 39,245 40,422 9.25 9.53 9.81

147,532 149,308 151,555 35.81 36.25 36.79

174,107 175,626 177,615 42.27 42.64 43.12

09000064811c2027 BOR Share Only

## CAP	Energy	Rate	1:		Impact	of	Emissions	Control	Scenarios

**Assumptions** Annual	pumping	(AF) 1,550,000 Annual	pumping	energy	(MWh) 2,800,000

**2014 2015**  **2016 2017**  51.00 $ 56.00

$ 58.00

$ 58.00

$

**2014 2015**  **2016 2017**  **Incremental	Power	Cost** ($/MWh)

-

$

-

$ 1.71

$ 3.04

$ Incremental	Water	Cost	($/AF)

- $

-

$ 3.09

$ 5.49

$ Resulting	Energy	1	Rate	($/AF) 51.00 $ 56.00

$ 61.09

$ 63.49

$ **0.0% 0.0%**  **5.3% 9.5%** 

**2014 2015**  **2016 2017**  **Incremental	Power	Cost** ($/MWh)

-

$

-

$ 0.53

$ 1.08

$ Incremental	Water	Cost	($/AF)

- $

-

$ 0.96

$ 1.95

$ Resulting	Energy	1	Rate	($/AF) 51.00 $ 56.00

$ 58.96

$ 59.95

$ **0.0% 0.0%**  **1.6% 3.4%** 

**2014 2015**  **2016 2017**  Incremental	Power	Cost	($/MWh)

- $ 1.82

$ 5.49

$ 8.30

$ Incremental	Water	Cost	($/AF)

- $ 3.29

$ 9.92

$ 14.99

$ Resulting	Energy	1	Rate	($/AF) 51.00 $ 59.29

$ 67.92

$ 72.99

$ **0.0% 5.9%**  **17.1% 25.9%**  

## SCR	+	Baghouse	-	(SCR	2016/2017/2018	Installation)

**%	Increase	over	Preliminary	CAP	Rates** 

## SNCR	-	2016/2017/2018	Installation CAP	Energy	Rate	1:	Advisory	Rates	as approved	by	CAWCD	June	2011 Pumping	&	energy	consumption	volumes	as	reported	by CAWCD	12/18/2009	Letter	to	EPA

**%	Increase	over	Preliminary	CAP	Rates %	Increase	over	Preliminary	CAP	Rates**  ESTIMATED	ENERGY	1 RATE



## SCR	-	2016/2017/2018	Installation

### 2018

58.00 $

**2018** 4.65 $
8.40 $
66.40 $ **14.5%**

**2018** 1.66 $
2.99 $
60.99 $ **5.2%**

**2018** 9.79 $
17.69 $ 75.69 $ **30.5%** ESTIMATED	ENERGY	1 RATE

### CENTRAL ARIZONA PROJECT

Firm
2010 2011 **Municipal and Industrial** Long Term Subcontract (B+C) 1 

### Non-Subcontract (A+B+C) Recharge (A+B+C starting 2011) 2 

### AWBA Interstate Recharge (A+B+C+F starting 2011) 3 

### Federal (B+C) **Agricultural**
S ettlement Pool (C) 4 

### 49 $ 53

$

**Agricultural Incentives 4**  

### Meet Settlement Pool Goals Meet AWBA/CAGRD GSF Goals
M eet Recovery Goals

**Firm Firm** 
**2010 2011**  **Capital Charges** (A) Municipal and Industrial - Long Term Subcontract 5 

### 15.00 $ 15.00

$

**Delivery Charges** (B) Fixed OM&R 6 

### 69 $ 69

$ **(C) Pumping Energy Rate 1 7**  

### 49 **$ 53** 

**$** (D) Pumping Energy Rate 2 8 

### 85 $ n/a (E) Pumping Energy Rate 3 9 

### 122 $ n/a (F) Property Tax Equivalency 10 

### 30 $ 30

$ DELIVERY RATES FOR VARIOUS CLASSES OF WATER SERVICE

**RATE COMPONENTS**

### Effective June 2011

Provisional
2012 2013 2014 2015 2016 **2017 2018** 

49 $ 50

$ 51

$ 56

$ 58

$ 2011 to 2016 Average Annual Increase 1.89% Avg annual increase applied for estimated rates 2017 - 2022 **0% 58**  **$ 58** 

**$**

**Provisional**
2012 2013 2014 2015 2016

15.00 $ 15.00

$ 10.00

$ 5.00

$

-

$

73 $ 76

$ 78

$ 81

$ 83

$
**49 $**  **50**

**$ 51** 

**$ 56** 

**$ 58** 

**$** n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
26 $ 23

$ 23

$ 24

$ 26

$ DELIVERY RATES FOR VARIOUS CLASSES OF WATER SERVICE

**Advisory** Advisory

### 2019 **2020 2021**  **2022 2023**  **2024 2025** 

**58 $**  **58**

**$ 58** 

**$ 58** 

**$ 58** 

**$ 58** 

**$ 58** 

**$**

Type Year **2013 2014**  **2015 2016**  **2017** $/AF 50

$ 51

$ 56

$ 58

$ 58

$ Advisory **ESTIMATED**

### 2026 **2027 2028**  **2029 2030** 

**58 $**  **58**

**$ 58** 

**$ 58** 

**$ 58** 

**$**

**2018 2019**  **2020 2021**  **2022** 58 $ 58

$ 58

$ 58

$ 58

$ **ESTIMATED**

### Institution Name Total Debt (Reported) Total Equity

(Reported) %

Debt % Equity Effective Tax

Rate (%) Allowed

ROE Arizona Public Service Company 3,371,489 4,051,406 45% 55% 

### 34.61 10.00% NV Energy, Inc. 5,148,916 3,406,079 60% 40% 

### 34.72 10.45% Tucson Electric Power Company 1,520,575 824,943 65% 35% 

### 37.86 10.25%

### Interest

Expense WACC

Using Allowed
ROE 6.39% 7.36% 6.38% 6.67% 5.87% 5.97%**Navajo**

**Power Plant Profile - 2010 Data**

**Owner Ultimate Parent**  **Ownership(%) Operating**  **Capacity Namplate**  **2010 Calculated NGS MWh**  **Total Utility**

**Retail Sales MWh**  **% of Utility**

**NGS MWh as % of Total**  **Sales Retail Revenues** 

**(see below)** US Bureau of Reclamation United States Government 24.30 547 585 Salt River Project Salt River Project 21.70 488 523 SRP 3,565,222 26,097,780 14% 2,416,903,000 $ Los Angeles Dept Water & Power Los Angeles Dept Water & Power 21.20 477 511 LADWP 3,483,074 22,939,709 15% 2,839,731,000 $ Arizona Public Service Co. Pinnacle West Capital Corp. 14.00 315 337 Nevada Power Co. NV Energy 11.30 254 272 2,839,731 Tucson Electric Power Co. UniSource Energy Corp. 7.50 169 181 2250 2409.3 **SRP Source: Operator**  **Plant Description** Retail Revenues 2,416,903,000 $ $000 2011Audited financials Salt River Project **Operating Status** Operating Retail Sales 26,097,780 MWh 2011 Audited financials **Current Operating Capacity (MW)** 2,250.0 Avg. Retail Rate 92.61 $ **Site Information Technology Type**  Steam Turbine: Boiler **County, State** Coconino, AZ **Fuel Type** Coal **LADPW Source: NERC Region/Subregion**  WECC/AZNMSN **Year First Unit in Service** 1974 Retail Revenues 2,839,731,000 $000 2010 Audited financials **RTO/ISO** NA **Cogenerator?** No Retail Sales 22,939,709 MWh 2010 Audited financials **Power Control Area** Salt River Project **Primary Purpose** Utilities Avg. Retail Rate 123.79 $ **Interconnected Utility** Salt River Project **Regulatory Status** Regulated **Water Source** Lake Powell **FERC Exempt Wholesale Generator?** NA CAW CD Plant Ownership (MWh) and Pumping Use **FERC Qualifying Facility?** NA 100% 4,228,200 CAW CD Share of Total Annual MWh (calculated) 66% 2,800,000 Pumping MWh per CAWCD Dec 2009 Letter to EPA Recent News **Summary Operating Data - 2010** 34% 1,428,200 Balance of BOR/CAWCD power not used for pumping **Operating Capacity (MW)** 2,250.0 17,400,000 MWh production for NGS identified in CAWCD Dec 2009 Letter to EPA **Net Generation (MWh)** 16,429,593 **Effect. Heat Rate (Btu/kWh)**  **$/MWh** Excess Power Value **Capacity Factor (%)** 83.36 15.40 $ 22,000,000

$ Current amount available to annual CAP repayment & water settlements obligations of $55M **Total Production Costs ($/MWh)** 24.45 35.01 $ 50,000,000

$ Amount estimated to be available after 9/30/2011 Bond Indenture expires for Waddell Dam.

**Operating Operating**  **In-Service**

**Unit ID Capacity (MW)**  **Status Month - Year**  **Age in Yrs**  Navajo ST NAV1 750.0 Operating May - 1974 1974 38 33% Navajo ST NAV2 750.0 Operating Apr - 1975 1975 37 33% Navajo ST NAV3 750.0 Operating Apr - 1976 1976 36 33%

37 Average

1**NGS Plant Financials**  SNL Power Plant Key : 5006

**2001 Y 2002 Y**  **2003 Y 2004 Y**  **2005 2006**  **2007 2008**  **2009 2010**  **2011 Annual %**  **Change Annual Change** 

**from 2010 to**
**2011 Generation**  $/MWh $/MWh % MWh Operating Capacity (MW) 2250.0 2250.0 2250.0 2250.0 2250.0 2250.0 2250.0 2250.0 2250.0 2250.0 2250.0 Net Generation (MWh) 16,846,963 16,805,104 16,324,958 17,734,190 17,030,674 17,538,831 17,616,339 17,522,979 16,140,683 16,429,593 16,951,775 3% 522,182 Capacity Factor (%) 85.47 85.26 82.83 89.73 86.41 88.98 89.38 88.66 81.89 83.36 86.01 3%

**Fuel Expenses** Fuel Expense 201,704,634 219,584,610 189,223,396 202,874,113 217,336,046 251,483,024 290,794,693 305,647,499 266,476,299 292,409,448 17.80 $ 330,868,991 19.52 $ 13% 38,459,543 Fuel ($/MWh) $ 11.97 $ 13.07 $ 11.59 $ 11.44 $ 12.76 $ 14.34 $ 16.51 $ 17.44 $ 16.51 17.80 $ 19.52 $ 10% 2

**Non-Fuel Operating & Maintenance Expenses** Op. Supervision & Engineering 9,933,192 5,682,841 5,887,750 8,241,503 10,025,095 11,619,825 9,496,575 10,727,278 8,644,482 10,852,299 0.66 $ 10,880,357 0.64 $ 0% 28,058 Total Steam/Hydraulic Expense 5,930,945 6,775,476 7,221,317 7,941,183 8,066,930 9,237,106 11,437,649 12,545,297 12,939,430 12,705,665 0.77 $ 14,637,607 0.86 $ 15% 1,931,942 Electric Expenses 1,173,957 1,014,710 800,713 703,363 900,579 1,652,658 2,663,728 3,128,306 3,739,884 3,668,256 0.22 $ 3,764,293 0.22 $ 3% 96,037 Misc. Power Expenses 11,489,814 11,502,003 9,892,253 11,882,960 13,700,793 14,804,905 22,196,059 16,848,686 16,923,878 14,718,405 0.90 $ 15,605,805 0.92 $ 6% 887,400
Rents 597,238 458,122 458,122 458,122 474,659 478,725 455,759 469,135 458,122 458,128 0.03 $ 458,122 0.03 $ 0% (6) Allowances

- - - - - - - - - - - Total Non-Fuel Operating Expenses 29,125,146 25,433,152 24,260,155 29,227,131 33,168,056 37,793,219 46,249,770 43,718,702 42,705,796 42,402,753 2.58 $ $ 45,346,184 2.68 $ 7% 2,943,431 $ 1.73 $ 1.51 $ 1.49 $ 1.65 $ 1.95 $ 2.15 $ 2.63 $ 2.49 $ 2.65 $ 2.58 $ 2.68 4% 0

Supervision & Engineering 2,964,738 3,607,091 3,871,494 3,680,140 3,874,942 4,015,970 4,238,604 5,344,795 7,257,305 7,984,323 0.49 $ 7,404,869 0.44 $ -7% (579,454)
Structures 734,643 1,220,189 1,043,915 1,296,210 1,594,744 2,101,014 1,663,785 2,170,993 3,135,497 3,039,232 0.18 $ 2,375,918 0.14 $ -22% (663,314) Boiler/Reactor/Reservoirs & Dams 18,998,991 19,232,485 34,279,985 33,838,024 30,740,591 25,723,480 24,939,128 27,724,838 41,808,707 36,127,137 2.20 $ 46,924,692 2.77 $ 30% 10,797,555 Electric Plant 7,960,064 7,000,924 18,198,951 11,198,290 12,623,311 7,233,640 4,359,703 8,992,034 20,626,945 16,469,750 1.00 $ 19,043,607 1.12 $ 16% 2,573,857 Misc. Plant 2,689,985 2,298,183 2,386,323 3,377,607 4,415,448 4,768,611 3,688,360 3,520,195 3,781,509 3,324,921 0.20 $ 6,082,326 0.36 $ 83% 2,757,405 Total Maintenance Expense 33,348,421 33,358,872 59,780,668 53,390,271 53,249,036 43,842,715 38,889,580 47,752,855 76,609,963 66,945,363 4.07 $ 81,831,412 4.83 $ 22% 14,886,049 Maintenance Expense ($/MWh) $ 1.98 $ 1.99 $ 3.66 $ 3.01 $ 3.13 $ 2.50 $ 2.21 $ 2.73 $ 4.75 4.07 $ 4.83 $ 19% 1

Non-Fuel O&M ($/MWh) $ 3.71 $ 3.50 $ 5.15 $ 4.66 $ 5.07 $ 4.65 $ 4.83 $ 5.22 $ 7.39 6.66 $ 7.50 $ 13% 1 Estimated Non-Fuel O&M Cost? No No No No No No No No No No No

**Production Costs and Ratios** Total Production Costs ($) 264,178,201 278,376,634 273,264,219 285,491,515 303,753,138 333,118,958 375,934,043 397,119,056 385,792,058 401,757,564 24.45 $ 458,046,587 27.02 $ 14% 56,289,023 Total Production ($/MWh) $ 15.68 $ 16.57 $ 16.74 $ 16.10 $ 17.84 $ 18.99 $ 21.34 $ 22.66 $ 23.90 24.45 $ 27.02 $ 11% 3

Variable Production Expense ($) 214,079,900 231,251,390 205,939,936 219,305,969 234,524,533 267,714,466 307,731,411 323,847,983 290,247,826 314,187,446 19.12 $ 356,212,886 21.01 $ 13% 42,025,440 Fixed Production Expense ($) 50,098,301 47,125,244 67,324,283 66,185,546 69,228,605 65,404,492 68,202,632 73,271,073 95,544,232 87,570,118 101,833,701 16% 14,263,583

Variable Production Expense ($/MWh) $ 12.71 $ 13.76 $ 12.62 $ 12.37 $ 13.77 $ 15.26 $ 17.47 $ 18.48 $ 17.98 19.12 $ 21.01 $ 10% 2 Fixed Production Expense ($/kW-yr) 22.27 20.94 29.92 29.42 30.77 29.07 30.31 32.56 42.46 38.92 45.26 16% 6

Fixed Production Costs ($) 50,107,500 $ 47,115,000

$ 67,320,000

$ 66,195,000

$ 69,232,500

$ 65,407,500

$ 68,197,500

$ 73,260,000

$ 95,535,000

$ 87,570,000

$ 5.33

$ 101,835,000

$ 6.01

$ 16% 14,265,000 Net Generation (MWh) 16,846,963 16,805,104 16,324,958 17,734,190 17,030,674 17,538,831 17,616,339 17,522,979 16,140,683 16,429,593 16,951,775 3% 522,182 Fixed Production Cost ($/MWh) 2.97 $ 2.80

$ 4.12

$ 3.73

$ 4.07

$ 3.73

$ 3.87

$ 4.18

$ 5.92

$ 5.33

$ 6.01 $ 13% 1

Total Production Cost ($/MWh) 15.68 $ 16.56

$ 16.74

$ 16.10

$ 17.84

$ 18.99

$ 21.34

$ 22.66

$ 23.90

$ 24.45

$ 27.02 $ 11% 3

Note: SNL Energy reports generation and fuel consumption at the power plant and prime mover level, gathered from the Energy Information Administration forms 923 and 906 (EIA 923/906). Data from these forms is provided in both a preliminary/monthly report anda final annual report. The EIA does not provide a formal deadline for publication. Monthly reports are published 3 to 6 months after monthend, and annual data may not be published for 24 months from year-end.

In the case of pumped storage facilities, Net Generation (MW h) represents the total generation before energy used for pumping.

Additional data is sourced from the Federal Energy Regulatory Commission Form 1 (FERC Form 1) and the Environmental Protection Agency's Continuous Emissions Monitoring Systems (CEMS). In the absence of current-year filings, SNL utilizes regression analysis to generate cost estimates. Inputs to the model are taken from the EIA 923, FERC Form 1 and CEMS.

1

### Assumed Incremental Capital
1976 650,000,000 $ Reported 10 1976
1977 11 1977
1978 12 1978
1979 13 1979
1980 14 1980
1981 15 1981
1982 16 1982
1983 17 1983
1984 18 1984
1985 19 1985
1986 20 1986
1987 21 1987
1988 22 1988
1989 23 1989
1990 24 1990
1991 300,000,000 $ Estimated 25 1991
1992 26 1992
1993 27 1993
1994 28 1994
1995 29 1995
1996 0 30 1996
1997 226,531,240 31 1997
1998 108,713,671 32 1998
1999 470,000,000 $ Estimated 33 1999
2000 119,065,643 34 2000
2001 210,832,748 35 2001
2002 14,060,650 36 2002
2003 24,212,423 37 2003
2004 28,365,272 38 2004
2005 20,096,710 39 2005
2006 22,754,233 40 2006
2007 8,416,257 41 2007
2008 52,996,707 42 2008
2009 16,017,428 43 2009
2010 ESTIMATED 15,000,000 44 2010
2011 ESTIMATED 15,000,000 45 2011 882,062,982

**Cost of LNB/SOFA** 45,000,000

$ Allocated to Years
2009 Assumed in 2009 above

2010 15,000,000 $

### 2011 15,000,000 $

**Installed Equipment & Facilities**  **Accumulated**

**Depreciation Revised Ratebase**  **Estimated** 650,000,000

-

$ 650,000,000 $ 1 1976 650,000,000 10,655,738

$ 639,344,262 $ 2 1977 650,000,000 21,311,475

$ 628,688,525 $ 3 1978 650,000,000 31,967,213

$ 618,032,787 $ 4 1979 650,000,000 42,622,951

$ 607,377,049 $ 5 1980 650,000,000 53,278,689

$ 596,721,311 $ 6 1981 650,000,000 63,934,426

$ 586,065,574 $ 7 1982 650,000,000 74,590,164

$ 575,409,836 $ 8 1983 650,000,000 85,245,902

$ 564,754,098 $ 9 1984 650,000,000 95,901,639

$ 554,098,361 $ 10 1985 650,000,000 106,557,377

$ 543,442,623 $ 11 1986 650,000,000 117,213,115

$ 532,786,885 $ 12 1987 650,000,000 127,868,852

$ 522,131,148 $ 13 1988 650,000,000 138,524,590

$ 511,475,410 $ 14 1989 650,000,000 149,180,328

$ 500,819,672 $ 15 1990 950,000,000 159,836,066

$ 790,163,934 $ 16 1991 950,000,000 177,013,542

$ 772,986,458 $ 17 1992 950,000,000 194,191,019

$ 755,808,981 $ 18 1993 950,000,000 211,368,496

$ 738,631,504 $ 19 1994 969,209,911 247,755,884

$ 721,454,027 $ 20 1995 965,753,476 261,476,926

$ 704,276,550 $ 21 1996 1,192,284,716 505,185,643

$ 687,099,073 $ 22 1997 1,300,998,387 631,076,790

$ 669,921,597 $ 23 1998 1,259,998,279 607,254,159

$ 652,744,120 $ 24 1999 1,379,063,922 743,497,279

$ 635,566,643 $ 25 2000 1,589,896,670 971,507,504

$ 618,389,166 $ 26 2001 1,603,957,320 1,002,745,631

$ 601,211,689 $ 27 2002 1,628,169,743 1,044,135,531

$ 584,034,212 $ 28 2003

### 1,656,535,015 431,128,231 $ 1,225,406,784 $ 29 2004 1,676,631,725 468,261,770

$ 1,208,369,955 $ 30 2005 1,699,385,958 506,023,331

$ 1,193,362,627 $ 31 2006 1,707,802,215 544,518,900

$ 1,163,283,315 $ 32 2007 1,760,798,922 583,295,010

$ 1,177,503,912 $ 33 2008 1,776,816,350 623,898,593

$ 1,152,917,757 $ 34 2009 1,776,816,350 656,683,592

$ 1,120,132,758 $ 35 2010 1,776,816,350 648,479,171

$ 1,128,337,179 $ 36 2011 1,776,816,350 691,876,755

$ 1,084,939,595 $ 37 2012 1,776,816,350 735,274,338

$ 1,041,542,012 $ 38 2013 1,776,816,350 778,671,922

$ 998,144,428 $ 39 2014 1,776,816,350 822,069,506

$ 954,746,844 $ 40 2015 1,776,816,350 865,467,090

$ 911,349,260 $ 41 2016 1,776,816,350 908,864,674

$ 867,951,676 $ 42 2017 1,776,816,350 952,262,258

$ 824,554,092 $ 43 2018

781,156,509 $ 44 2019

737,758,925 $ 45 2020

694,361,341 $ 46 2021

650,963,757 $ 47 2022

607,566,173 $ 48 2023

564,168,590 $ 49 2024

520,771,006 $ 50 2025

477,373,422 $ 51 2026

433,975,838 $ 52 2027

390,578,254 $ 53 2028

347,180,671 $ 54 2029

303,783,087 $ 55 2030

260,385,503 $ 56 2031

216,987,919 $ 57 2032

173,590,335 $ 58 2033

130,192,751 $ 59 2034

86,795,168 $ 60 2035

43,397,584 $ 61 2036
62 2037
63 2038
64 2039
65 2040
66 2041
67 2042
68 2043
69 2044
70 2045
71 2046
72 2047
73 2048
74 2049

### 75 2050

### Blue highlight identifies actual data as reported to EIA

Cost of Land & Land Rights ($) Cost - Structures &

Improvements ($) Cost of Equipment ($) Gross Capital

Expenditures ($) Gross CapEx/ kW

157,872 92,678,993 876,530,918 969,367,784 402.34 161,791 98,643,034 867,110,442 965,915,267 400.91 123,791 211,007,258 981,277,458 1,192,408,508 494.92 161,817 171,055,807 1,129,942,580 1,301,160,204 540.06 197,537 124,954,457 1,135,043,822 1,260,195,816 523.05 197,537 128,121,516 1,250,942,406 1,379,261,459 572.47 113,841 191,892,024 1,398,004,646 1,590,010,512 659.95 113,841 192,009,738 1,411,947,582 1,604,071,162 665.78 113,841 192,012,402 1,436,157,341 1,629,951,326 676.52 113,841 192,188,771 1,464,346,244 1,658,380,460 688.32 113,841 193,037,643 1,483,594,082 1,678,458,625 696.66 113,841 193,432,317 1,505,953,641 1,701,212,857 706.10 113,841 198,270,214 1,509,532,001 1,709,629,117 709.60 116,578 206,204,709 1,554,594,213 1,758,689,600 729.96 113,841 209,976,445 1,566,839,905 1,774,732,360 736.62 113,841 212,935,592 1,572,271,393 1,782,823,982 739.98 113,841 218,946,976 1,615,950,829 1,837,698,280 762.75

### Rate Base Depreciation 61

1,724,287,034 $ **1976** 1,696,020,033 $ 24,632,672

$ 1,699,654,362

$ 650,000,000 $ 1,667,753,033 $ 49,265,344

$ 1,675,021,690

$ 639,344,262 $ 1,639,486,032 $ 73,898,016

$ 1,650,389,018

$ 628,688,525 $ 1,611,219,032 $ 98,530,688

$ 1,625,756,346

$ 618,032,787 $ 1,582,952,031 $ 123,163,360

$ 1,601,123,674

$ 607,377,049 $ 1,554,685,031 $ 147,796,031

$ 1,576,491,003

$ 596,721,311 $ 1,526,418,030 $ 172,428,703

$ 1,551,858,331

$ 586,065,574 $ 1,498,151,030 $ 197,061,375

$ 1,527,225,659

$ 575,409,836 $ 1,469,884,029 $ 221,694,047

$ 1,502,592,987

$ 564,754,098 $ 1,441,617,028 $ 246,326,719

$ 1,477,960,315

$ 554,098,361 $ 1,413,350,028 $ 270,959,391

$ 1,453,327,643

$ 543,442,623 $ 1,385,083,027 $ 295,592,063

$ 1,428,694,971

$ 532,786,885 $ 1,356,816,027 $ 320,224,735

$ 1,404,062,299

$ 522,131,148 $ 1,328,549,026 $ 344,857,407

$ 1,379,429,627

$ 511,475,410 $ 1,300,282,026 $ 369,490,079

$ 1,354,796,955

$ 500,819,672 $ 1,272,015,025 $ 394,122,751

$ 1,330,164,283

$ 490,163,934 $ 1,243,748,025 $ 418,755,423

$ 1,305,531,611

$ 479,508,197 $ 1,215,481,024 $ 443,388,094

$ 1,280,898,940

$ 468,852,459 $ 1,187,214,023 $ 468,020,766

$ 1,256,266,268

$ 458,196,721 $ 1,158,947,023 $ 492,653,438

$ 1,231,633,596

$ 447,540,984 $ 1,130,680,022 $ 517,286,110

$ 1,207,000,924

$ 436,885,246 $ 1,102,413,022 $ 541,918,782

$ 1,182,368,252

$ 426,229,508 $ 1,074,146,021 $ 566,551,454

$ 1,157,735,580

$ 415,573,770 $ 1,045,879,021 $ 591,184,126

$ 1,133,102,908

$ 404,918,033 $ 1,017,612,020 $ 615,816,798

$ 1,108,470,236

$ 394,262,295 $ 989,345,020 $ 640,449,470

$ 1,083,837,564

$ 383,606,557 $ 961,078,019 $ 665,082,142

$ 1,059,204,892

$ 372,950,820 $ 932,811,018 $ 689,714,814

$ 1,034,572,220

$ 362,295,082 $ As Originally Modeled 0 2,000,000,000 

# Eq **uipment &**  **Structur es Only** 

0 50,000,000 100,000,000 150,000,000 200,000,000 250,000,000

### 904,544,018

$ 714,347,486

$ 1,009,939,548

$ 351,639,344 $ 876,277,017 $ 738,980,157

$ 985,306,877

$ 340,983,607 $ 848,010,017 $ 763,612,829

$ 960,674,205

$ 330,327,869 $ 819,743,016 $ 788,245,501

$ 936,041,533

$ 319,672,131 $ 791,476,016 $ 812,878,173

$ 911,408,861

$ 309,016,393 $ 763,209,015 $ 837,510,845

$ 886,776,189

$ 298,360,656 $ 734,942,014 $ 862,143,517

$ 862,143,517

$ 287,704,918 $ 706,675,014 $ 886,776,189

$ 837,510,845

$ 277,049,180 $ 678,408,013 $ 911,408,861

$ 812,878,173

$ 266,393,443 $ 650,141,013 $ 936,041,533

$ 788,245,501

$ 255,737,705 $ 621,874,012 $ 960,674,205

$ 763,612,829

$ 245,081,967 $ 593,607,012 $ 985,306,877

$ 738,980,157

$ 234,426,230 $ 565,340,011 $ 1,009,939,548

$ 714,347,486

$ 223,770,492 $ 537,073,011 $ 1,034,572,220

$ 689,714,814

$ 213,114,754 $ 508,806,010 $ 1,059,204,892

$ 665,082,142

$ 202,459,016 $ 480,539,009 $ 1,083,837,564

$ 640,449,470

$ 191,803,279 $ 452,272,009 $ 1,108,470,236

$ 615,816,798

$ 181,147,541 $ 424,005,008 $ 1,133,102,908

$ 591,184,126

$ 170,491,803 $ 395,738,008 $ 1,157,735,580

$ 566,551,454

$ 159,836,066 $ 367,471,007 $ 1,182,368,252

$ 541,918,782

$ 149,180,328 $ 339,204,007 $ 1,207,000,924

$ 517,286,110

$ 138,524,590 $ 310,937,006 $ 1,231,633,596

$ 492,653,438

$ 127,868,852 $ 282,670,006 $ 1,256,266,268

$ 468,020,766

$ 117,213,115 $ 254,403,005 $ 1,280,898,940

$ 443,388,094

$ 106,557,377 $ 226,136,004 $ 1,305,531,611

$ 418,755,423

$ 95,901,639 $ 197,869,004 $ 1,330,164,283

$ 394,122,751

$ 85,245,902 $ 169,602,003 $ 1,354,796,955

$ 369,490,079

$ 74,590,164 $ 141,335,003 $ 1,379,429,627

$ 344,857,407

$ 63,934,426 $ 113,068,002 $ 1,404,062,299

$ 320,224,735

$ 53,278,689 $ 84,801,002 $ 1,428,694,971

$ 295,592,063

$ 42,622,951 $ 56,534,001 $ 1,453,327,643

$ 270,959,391

$ 31,967,213 $ 28,267,001 $ 1,477,960,315

$ 246,326,719

$ 21,311,475 $

- $ 1,502,592,987

$ 221,694,047

$ 10,655,738 $

**1976**

### 2011
2010
2009

### Equipment & Structures Only Annual Increment 650,000,000 650,000,000 650,000,000 0 650,000,000 0 650,000,000 0 650,000,000 0 650,000,000 0 650,000,000 0 650,000,000 0 650,000,000 0 650,000,000 0 650,000,000 0 650,000,000 0 650,000,000 0 650,000,000 0 650,000,000 0 950,000,000 300,000,000 950,000,000 0 950,000,000 0 950,000,000 0 969,209,911 19,209,911 965,753,476 0 -3,456,435 1,192,284,716 226,531,240 223,074,805 1,300,998,387 108,713,671 331,788,476 1,259,998,279 0 290,788,368 1,379,063,922 119,065,643 409,854,011 1,589,896,670 210,832,748 620,686,759 1,603,957,320 14,060,650 634,747,409 1,628,169,743 24,212,423 658,959,832 1,656,535,015 28,365,272 687,325,104 1,676,631,725 20,096,710 707,421,814 1,699,385,958 22,754,233 730,176,047 1,707,802,215 8,416,257 738,592,304 1,760,798,922 52,996,707 791,589,011 1,776,816,350 16,017,428 807,606,439 1,785,206,985 8,390,635 1,834,897,805 49,690,820 1,724,287,034 Used in model



# Annual **Incr ement** 

### 60 59 58

**1977 1978**  **1979** 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009



# Annual **Incr ement** 

### 1977 **1978 1979** 

### Cost of Land & Land Rights ($) Cost of Structures & Improvements ($) Cost of Equipment ($) 113,841 218,946,976 1,615,950,829 113,841 212,935,592 1,572,271,393 113,841 209,976,445 1,566,839,905

### Cumulative Total

Additions Increase Since 1995

0% 0% 

### 852,062,982 23% 34% 30% 42% 64% 65% 68% 71% 73% 75% 76% 82% 83%

### 57 56 55 54

**1980 1981**  **1982 1983**  Annual Increment

### 1980 **1981 1982**  **1983**

### Gross Capital Expenditures ($) Construction Cost/ Capacity ($/kW) 1,837,698,280 762.75 1,782,823,982 739.98 1,774,732,360 736.62

### 53 52 51

**1984 1985**  **1986**

### 1984 **1985 1986** 

### 50 49

**1987 1988** 

### 1987 **1988**

### 48 47 46 # # 43

**1989 1990**  **1991 #**  **# 1994** 

300,000,000 $ 293,478,261 $ 286,956,522 $ 280,434,783 $ 273,913,043 $ 267,391,304 $ 260,869,565 $ 254,347,826 $ 247,826,087 $ 241,304,348 $ 234,782,609 $ 228,260,870 $ 221,739,130 $

### 215,217,391 $ 208,695,652 $ 202,173,913 $ 195,652,174 $ 189,130,435 $ 182,608,696 $ 176,086,957 $ 169,565,217 $ 163,043,478 $ 156,521,739 $ 150,000,000 $ 143,478,261 $ 136,956,522 $ 130,434,783 $ 123,913,043 $ 117,391,304 $ 110,869,565 $ 104,347,826 $ 97,826,087 $ 91,304,348 $ 84,782,609 $ 78,260,870 $ 71,739,130 $ 65,217,391 $ 58,695,652 $ 52,173,913 $ 45,652,174 $ 39,130,435 $ 32,608,696 $ 26,086,957 $ 19,565,217 $ 13,043,478 $ 6,521,739 $

**1989 1990**  **1991 #**  **# 1994** 

### 42 41 40 39 38

**1995 1996**  **1997 1998**  **1999**

19,209,911 $ 18,752,532 $

-

$ 18,295,153 $

-

$ 226,531,240

$ 17,837,775 $

-

$ 220,867,959

$ 108,713,671

$ 17,380,396 $

-

$ 215,204,678

$ 105,926,141

$

-

$ 16,923,017 $

-

$ 209,541,397

$ 103,138,611

$

-

$ 16,465,638 $

-

$ 203,878,116

$ 100,351,081

$

-

$ 16,008,259 $

-

$ 198,214,835

$ 97,563,551

$

-

$ 15,550,880 $

-

$ 192,551,554

$ 94,776,021

$

-

$

### 15,093,502

$

-

$ 186,888,273

$ 91,988,491

$

-

$ 14,636,123 $

-

$ 181,224,992

$ 89,200,961

$

-

$ 14,178,744 $

-

$ 175,561,711

$ 86,413,431

$

-

$ 13,721,365 $

-

$ 169,898,430

$ 83,625,901

$

-

$ 13,263,986 $

-

$ 164,235,149

$ 80,838,371

$

-

$ 12,806,607 $

-

$ 158,571,868

$ 78,050,841

$

-

$ 12,349,229 $

-

$ 152,908,587

$ 75,263,311

$

-

$ 11,891,850 $

-

$ 147,245,306

$ 72,475,781

$

-

$ 11,434,471 $

-

$ 141,582,025

$ 69,688,251

$

-

$ 10,977,092 $

-

$ 135,918,744

$ 66,900,721

$

-

$ 10,519,713 $

-

$ 130,255,463

$ 64,113,191

$

-

$ 10,062,334 $

-

$ 124,592,182

$ 61,325,661

$

-

$ 9,604,956 $

-

$ 118,928,901

$ 58,538,131

$

-

$ 9,147,577 $

-

$ 113,265,620

$ 55,750,601

$

-

$ 8,690,198 $

-

$ 107,602,339

$ 52,963,070

$

-

$ 8,232,819 $

-

$ 101,939,058

$ 50,175,540

$

-

$ 7,775,440 $

-

$ 96,275,777

$ 47,388,010

$

-

$ 7,318,061 $

-

$ 90,612,496

$ 44,600,480

$

-

$ 6,860,683 $

-

$ 84,949,215

$ 41,812,950

$

-

$ 6,403,304 $

-

$ 79,285,934

$ 39,025,420

$

-

$ 5,945,925 $

-

$ 73,622,653

$ 36,237,890

$

-

$ 5,488,546 $

-

$ 67,959,372

$ 33,450,360

$

-

$ 5,031,167 $

-

$ 62,296,091

$ 30,662,830

$

-

$ 4,573,788 $

-

$ 56,632,810

$ 27,875,300

$

-

$ 4,116,410 $

-

$ 50,969,529

$ 25,087,770

$

-

$ 3,659,031 $

-

$ 45,306,248

$ 22,300,240

$

-

$ 3,201,652 $

-

$ 39,642,967

$ 19,512,710

$

-

$ 2,744,273 $

-

$ 33,979,686

$ 16,725,180

$

-

$ 2,286,894 $

-

$ 28,316,405

$ 13,937,650

$

-

$ 1,829,515 $

-

$ 22,653,124

$ 11,150,120

$

-

$ 1,372,137 $

-

$ 16,989,843

$ 8,362,590

$

-

$ 914,758 $

-

$ 11,326,562

$ 5,575,060

$

-

$ 457,379 $ 5,663,281 $ 2,787,530

$

-

$

**1995 1996**  **1997 1998**  **1999**

### 37 36 35 34 33 32

**2000 2001**  **2002 2003**  **2004 2005** 

119,065,643 $ 115,847,653 $ 210,832,748

$ 112,629,662 $ 204,976,283

$ 14,060,650

$ 109,411,672 $ 199,119,818

$ 13,658,917

$ 24,212,423

$

### 106,193,682

$ 193,263,352

$ 13,257,184

$ 23,500,293

$ 28,365,272

$ 102,975,691 $ 187,406,887

$ 12,855,451

$ 22,788,163

$ 27,505,718

$ 20,096,710

$ 99,757,701 $ 181,550,422

$ 12,453,719

$ 22,076,033

$ 26,646,165

$ 19,468,688

$ 96,539,711 $ 175,693,957

$ 12,051,986

$ 21,363,903

$ 25,786,611

$ 18,840,666

$ 93,321,720 $ 169,837,491

$ 11,650,253

$ 20,651,773

$ 24,927,057

$ 18,212,643

$ 90,103,730 $ 163,981,026

$ 11,248,520

$ 19,939,642

$ 24,067,504

$ 17,584,621

$ 86,885,739 $ 158,124,561

$ 10,846,787

$ 19,227,512

$ 23,207,950

$ 16,956,599

$ 83,667,749 $ 152,268,096

$ 10,445,054

$ 18,515,382

$ 22,348,396

$ 16,328,577

$ 80,449,759 $ 146,411,631

$ 10,043,321

$ 17,803,252

$ 21,488,842

$ 15,700,555

$ 77,231,768 $ 140,555,165

$ 9,641,589

$ 17,091,122

$ 20,629,289

$ 15,072,533

$ 74,013,778 $ 134,698,700

$ 9,239,856

$ 16,378,992

$ 19,769,735

$ 14,444,510

$ 70,795,788 $ 128,842,235

$ 8,838,123

$ 15,666,862

$ 18,910,181

$ 13,816,488

$ 67,577,797 $ 122,985,770

$ 8,436,390

$ 14,954,732

$ 18,050,628

$ 13,188,466

$ 64,359,807 $ 117,129,304

$ 8,034,657

$ 14,242,602

$ 17,191,074

$ 12,560,444

$ 61,141,817 $ 111,272,839

$ 7,632,924

$ 13,530,472

$ 16,331,520

$ 11,932,422

$ 57,923,826 $ 105,416,374

$ 7,231,191

$ 12,818,342

$ 15,471,967

$ 11,304,399

$ 54,705,836 $ 99,559,909

$ 6,829,459

$ 12,106,212

$ 14,612,413

$ 10,676,377

$ 51,487,846 $ 93,703,444

$ 6,427,726

$ 11,394,081

$ 13,752,859

$ 10,048,355

$ 48,269,855 $ 87,846,978

$ 6,025,993

$ 10,681,951

$ 12,893,305

$ 9,420,333

$ 45,051,865 $ 81,990,513

$ 5,624,260

$ 9,969,821

$ 12,033,752

$ 8,792,311

$ 41,833,875 $ 76,134,048

$ 5,222,527

$ 9,257,691

$ 11,174,198

$ 8,164,288

$ 38,615,884 $ 70,277,583

$ 4,820,794

$ 8,545,561

$ 10,314,644

$ 7,536,266

$ 35,397,894 $ 64,421,117

$ 4,419,061

$ 7,833,431

$ 9,455,091

$ 6,908,244

$ 32,179,904 $ 58,564,652

$ 4,017,329

$ 7,121,301

$ 8,595,537

$ 6,280,222

$ 28,961,913 $ 52,708,187

$ 3,615,596

$ 6,409,171

$ 7,735,983

$ 5,652,200

$ 25,743,923 $ 46,851,722

$ 3,213,863

$ 5,697,041

$ 6,876,430

$ 5,024,178

$ 22,525,932 $ 40,995,257

$ 2,812,130

$ 4,984,911

$ 6,016,876

$ 4,396,155

$ 19,307,942 $ 35,138,791

$ 2,410,397

$ 4,272,781

$ 5,157,322

$ 3,768,133

$ 16,089,952 $ 29,282,326

$ 2,008,664

$ 3,560,650

$ 4,297,768

$ 3,140,111

$ 12,871,961 $ 23,425,861

$ 1,606,931

$ 2,848,520

$ 3,438,215

$ 2,512,089

$ 9,653,971 $ 17,569,396

$ 1,205,199

$ 2,136,390

$ 2,578,661

$ 1,884,067

$ 6,435,981 $ 11,712,930

$ 803,466

$ 1,424,260

$ 1,719,107

$ 1,256,044

$ 3,217,990 $ 5,856,465

$ 401,733

$ 712,130

$ 859,554

$ 628,022

$

**2000 2001**  **2002 2003**  **2004 2005** 

### 31 30 29 28 27

**2006 2007**  **2008 2009**  **2010**

### 22,754,233

$ 22,020,225 $ 8,416,257

$ 21,286,218 $ 8,135,715

$ 52,996,707

$ 20,552,210 $ 7,855,173

$ 51,169,234

$ 16,017,428

$ 19,818,203 $ 7,574,631

$ 49,341,762

$ 15,445,377

$ 8,390,635

$ 19,084,195 $ 7,294,089

$ 47,514,289

$ 14,873,326

$ 8,079,871

$ 18,350,188 $ 7,013,548

$ 45,686,816

$ 14,301,275

$ 7,769,106

$ 17,616,180 $ 6,733,006

$ 43,859,344

$ 13,729,224

$ 7,458,342

$ 16,882,173 $ 6,452,464

$ 42,031,871

$ 13,157,173

$ 7,147,578

$ 16,148,165 $ 6,171,922

$ 40,204,398

$ 12,585,122

$ 6,836,814

$ 15,414,158 $ 5,891,380

$ 38,376,926

$ 12,013,071

$ 6,526,049

$ 14,680,150 $ 5,610,838

$ 36,549,453

$ 11,441,020

$ 6,215,285

$ 13,946,143 $ 5,330,296

$ 34,721,980

$ 10,868,969

$ 5,904,521

$ 13,212,135 $ 5,049,754

$ 32,894,508

$ 10,296,918

$ 5,593,757

$ 12,478,128 $ 4,769,212

$ 31,067,035

$ 9,724,867

$ 5,282,992

$ 11,744,120 $ 4,488,670

$ 29,239,562

$ 9,152,816

$ 4,972,228

$ 11,010,113 $ 4,208,129

$ 27,412,090

$ 8,580,765

$ 4,661,464

$ 10,276,105 $ 3,927,587

$ 25,584,617

$ 8,008,714

$ 4,350,700

$ 9,542,098 $ 3,647,045

$ 23,757,145

$ 7,436,663

$ 4,039,935

$ 8,808,090 $ 3,366,503

$ 21,929,672

$ 6,864,612

$ 3,729,171

$ 8,074,083 $ 3,085,961

$ 20,102,199

$ 6,292,561

$ 3,418,407

$ 7,340,075 $ 2,805,419

$ 18,274,727

$ 5,720,510

$ 3,107,643

$ 6,606,068 $ 2,524,877

$ 16,447,254

$ 5,148,459

$ 2,796,878

$ 5,872,060 $ 2,244,335

$ 14,619,781

$ 4,576,408

$ 2,486,114

$ 5,138,053 $ 1,963,793

$ 12,792,309

$ 4,004,357

$ 2,175,350

$ 4,404,045 $ 1,683,251

$ 10,964,836

$ 3,432,306

$ 1,864,586

$ 3,670,038 $ 1,402,710

$ 9,137,363

$ 2,860,255

$ 1,553,821

$ 2,936,030 $ 1,122,168

$ 7,309,891

$ 2,288,204

$ 1,243,057

$ 2,202,023 $ 841,626

$ 5,482,418

$ 1,716,153

$ 932,293

$ 1,468,015 $ 561,084

$ 3,654,945

$ 1,144,102

$ 621,529

$ 734,008 $ 280,542

$ 1,827,473

$ 572,051

$ 310,764

$

**2010**
Rate Base 1,120,132,758

$ Depreciation 41,486,398

$
**2006 2007**  **2008 2009**  **2010**

### NREL REPORT Table 1-6 Construction

Utility Plant in Accumulated Net Plant Work in

Service Depreciation in Service Progress SRPa 384,749.00

$ (333,344.00)

$ 51,405.00

$ $21,395
LADWP 329,000.00

$ (298,000.00)

$ 31,000.00

$ n/a APSb 260,590.00

$ (163,281.00)

$ 97,309.00

$ 11,041 NV Energy b 249,646.00

$ (141,326.00)

$ 108,320.00

$ 1 TEP b 121,000.00

$ (84,000.00)

$ 37,000.00

$ 6,000 1,344,985.00 $ (1,019,951.00)

$ 325,034.00

$ a as of April 30, 2010 b As of Dec 31, 2010

Plant in Svc Accum Dep SRP 384,749

$ (333,344)

$ 51,405

$
LADWP 329,000

$ (298,000)

$ 31,000

$
APS 260,590

$ (163,281)

$ 97,309

$ NV Energy 249,646

$ (141,326)

$ 108,320

$
TEP 121,000

$ (84,000)

$ 37,000

$ 1,344,985 $ (1,019,951)

$ 325,034

$

BOR share?

### 26 25 24 23 22

**2011 2012**  **2013 2014**  **2015**

### 49,690,820

$ 47,779,635 $ 1,084,939,595

$ 45,868,449 $ 1,041,542,012 $ 43,957,264 $ 998,144,428 $ 42,046,078 $ 954,746,844 $ 40,134,893 $ 38,223,708 $ 36,312,522 $ 34,401,337 $ 32,490,152 $ 30,578,966 $ 28,667,781 $ 26,756,595 $ 24,845,410 $ 22,934,225 $ 21,023,039 $ 19,111,854 $ 17,200,668 $ 15,289,483 $ 13,378,298 $ 11,467,112 $ 9,555,927 $ 7,644,742 $ 5,733,556 $ 3,822,371 $ 1,911,185 $

**2011 2012**  **2013 2014**  **2015** 1,128,337,179 $ 1,084,939,595 $ 1,041,542,012

$ 998,144,428

$ 954,746,844

$ 43,397,584 $ 43,397,584

$ 43,397,584

$ 43,397,584

$ 43,397,584

$
**2011 2012**  **2013 2014**  **2015**

### 21 20 19 18 17

**2016 2017**  **2018 2019**  **2020**

### 911,349,260

$ 867,951,676

$ 824,554,092

$ 781,156,509

$ 737,758,925

$

**2016 2017**  **2018 2019**  **2020** 911,349,260 $ 867,951,676

$ 824,554,092

$ 781,156,509

$ 737,758,925

$ 43,397,584 $ 43,397,584

$ 43,397,584

$ 43,397,584

$ 43,397,584

$
**2016 2017**  **2018 2019**  **2020**

### 16 15 14 13 12

**2021 2022**  **2023 2024**  **2025**

### 694,361,341

$ 650,963,757

$ 607,566,173

$ 564,168,590

$ 520,771,006

$

**2021 2022**  **2023 2024**  **2025** 694,361,341 $ 650,963,757

$ 607,566,173

$ 564,168,590

$ 520,771,006

$ 43,397,584 $ 43,397,584

$ 43,397,584

$ 43,397,584

$ 43,397,584

$
**2021 2022**  **2023 2024**  **2025**

### 11 10 9 8 7

**2026 2027**  **2028 2029**  **2030**

### 477,373,475

$ 433,977,823

$ 390,578,254

$ 347,180,671

$ 303,783,087

$

**2026 2027**  **2028 2029**  **2030** 477,373,475 $ 433,977,823

$ 390,578,254

$ 347,180,671

$ 303,783,087

$ 43,397,531 $ 43,395,652

$ 43,399,569

$ 43,397,584

$ 43,397,584

$
**2026 2027**  **2028 2029**  **2030**

### 6 5 4 3 2

**2031 2032**  **2033 2034**  **2035**

### 260,385,503

$ 216,987,919

$ 173,590,335

$ 130,192,751

$ 86,795,168

$

**2031 2032**  **2033 2034**  **2035** 260,385,503 $ 216,987,919

$ 173,590,335

$ 130,192,751

$ 86,795,168

$ 43,397,584 $ 43,397,584

$ 43,397,584

$ 43,397,584

$ 43,397,584

$
**2031 2032**  **2033 2034**  **2035**

### 1

**2036**

### 43,397,584

$

**2036** 43,397,584 $ 43,397,584 $

### LINKED	TO		COST	INPUT	TABLES	BELOW	&	MODEL	INPUT	TAB

USER	INPUT	REQUIRED	BASED	ON	ESTIMATE	YEAR

SCR **2012** Unit **CAPEX** OPEX CAPEX SNCR **2012** 1 **137,527,000 $**  3,982,000

$ **13,066,667**

**$** Baghouse **2010** 2 **188,585,000 $**  3,982,000

$ **13,066,667**

**$**
3 **170,294,000**

**$** 3,982,000

$ **13,066,667**

**$ 496,406,000**  **$** 11,946,000

$ **39,200,000**

**$ OPEX	and	CAPEX	Cost	Tables	Linked	to	Input	Tables** 

**Cost	Estimate	Years SCR**  **SNCR**

09000064811c2027 Project Cost Data**20 Year Amortization Period, 2018 Compliance - Depreciation Worksheet**

**SNCR**

Gross Capital Year of Cost
Estimate Estimated Cost Escalated to Current Dollars Year

Installed Years from

Cost Est. Year Installed Year

Cost Dollars Amortization

Period (Yrs) Salvage Annual Depreciation

Unit No. 1 SNCR 2012 13,066,667 $ 13,066,667

$ 2017 5 15,147,848 $ 20

- $ 757,392

$

Unit No. 2 SNCR 2012 13,066,667 $ 13,066,667

$ 2016 4 14,706,648 $ 20

- $ 735,332

$

Unit No. 3 SNCR 2012 13,066,667 $ 13,066,667

$ 2018 6 15,602,283 $ 20

- $ 780,114

$

39,200,000 $ 39,200,000

$ 45,456,779 $ 2,272,839 $

**SCR**

Gross Capital Year of Cost
Estimate Estimated Cost Escalated to Current Dollars Year

Installed Years from

Cost Est. Year Installed Year

Cost Dollars Amortization

Period (Yrs) Salvage Annual Depreciation

Unit No. 1 SCR 2012 137,527,000 $ 137,527,000

$ 2017 5 159,431,486 $ 20

- $ 7,971,574

$

Unit No. 2 SCR 2012 188,585,000 $ 188,585,000

$ 2016 4 212,254,079 $ 20

- $ 10,612,704

$

Unit No. 3 SCR 2012 170,294,000 $ 170,294,000

$ 2018 6 203,339,942 $ 20

- $ 10,166,997

$

496,406,000 $ 496,406,000

$ 575,025,507 $ 28,751,275 $

**Baghouse**

Gross Capital Year of Cost

Estimate Estimated Cost Escalated to Current Dollars Year

Installed Years from

Cost Est. Year Installed Year

Cost Dollars Amortization

Period (Yrs) Salvage Annual Depreciation Unit No. 1 Baghouse 2010 220,359,000 $ 220,359,000

$ 2016 6 263,120,170 $ 20

- $ 13,156,009

$ Unit No. 2 Baghouse 2010 205,111,000 $ 205,111,000

$ 2015 5 237,779,865 $ 20

- $ 11,888,993

$ Unit No. 3 Baghouse 2010 161,341,000 $ 161,341,000

$ 2017 7 198,429,079 $ 20

- $ 9,921,454

$

586,811,000 $ 586,811,000

$ 699,329,114 $ 34,966,456 $

### $40.00 $42.00 $44.00 $46.00 $48.00 $50.00 $52.00 $54.002012201320142015201620172018201920202021202220232024202520262027202820292030203120322033203420352036**$ p** **e r** **M W** **h** 

## Pr **ojected	P alo	V**  **erde	Index	F orw**  **ar d	Prices** 

Low	Trend $/MWh Mid	Trend $/MWh High	Trend $/MWh

### 2012 YTD AVG 11/27/12 2016-2035 Prices Utilize Low, Mid, and High Cases based on EIA Low, Reference, High Macro Cases in Annual Energy Outlook 1/25/2012

on-peak off-peak on -peak % off-peak % round-theclock

2012 28.20 $ 19.85

$ 56% 44% 24.54 $ 

### 2012-2014 Palo Verde Market + EIA Trend 2017 Forward
2013 37.00 $ 23.15

$ 56% 44% 30.89 $
2014 42.25 $ 27.45

$ 56% 44% 35.75 $
2015 47.75 $ 31.75

$ 56% 44% 40.72 $ 

### % Inc.

2016 48.25 $ 32.50

$ 56% 44% **40.16 $**  

### ORIGIN POINT

OF PRICING
IN MODEL **Low Trend**

**$/MWh**

**Mid Trend $/MWh**  Avg. **High Trend $/MWh**  

### Palo Verde Forward Pricing Platts

$20.00 $25.00 $30.00 $35.00 $40.00 $45.00 $50.00 $55.002012201320142015201620172018201920202021202220232024202520262027202820292030203120322033203420352036**$ p** **e r** **M W** **h** 

## Pr **ojected	P alo	V**  **erde	Index	F orw**  **ar d	Prices** 

Low	Trend $/MWh Mid	Trend

$/MWh High	Trend

$/MWh

### Mean **Min Max**  **High/Low**
**Mean Median**  12 Month Average 40.18 $ 38.57

$ 43.89

$ 

### 41.23

$ 40.05

$ 6 Month Average 40.25 $ 38.73

$ 42.02

$ 40.37

$ 40.21

$ 

### 2012 YTD Average 40.16 $ 38.57

$ 43.89

$ 41.23

$ 40.04

$



### 44% 56% 

### Off Peak **On Peak RTC** 
OPVAY16 FPVAY16 11/15/2011 11/16/2011 11/17/2011 11/18/2011 11/19/2011 11/20/2011 11/21/2011 11/22/2011 11/23/2011 11/24/2011 11/25/2011 11/26/2011 11/27/2011 11/28/2011 11/29/2011 11/30/2011 12/1/2011 12/2/2011 12/3/2011 12/4/2011 12/5/2011 12/6/2011 12/7/2011 12/8/2011 12/9/2011 12/10/2011 12/11/2011 12/12/2011 12/13/2011 12/14/2011 12/15/2011 12/16/2011 12/17/2011 12/18/2011 12/19/2011 

### Palo Verde Forward RTC Pricing ( Platts Through 11/27/2012)

### 12/20/2011

12/21/2011 12/22/2011 12/23/2011 12/24/2011 12/25/2011 12/26/2011 12/27/2011 12/28/2011 12/29/2011 12/30/2011 34.50

$ 51.25

$ 43.89

$ 

### 12/31/2011 1/1/2012 1/2/2012 1/3/2012 34.50

$ 51.25

$ 43.89

$ 

### 1/4/2012 34.50

$ 51.25

$ 43.89

$ 

### 1/5/2012 34.25

$ 50.75

$ 43.50

$ 

### 1/6/2012 34.25

$ 50.50

$ 43.36

$ 

### 1/7/2012 1/8/2012 1/9/2012 33.75

$ 49.00

$ 42.30

$ 

### 1/10/2012 33.00

$ 49.15

$ 42.06

$ 

### 1/11/2012 32.50

$ 48.00

$ 41.19

$ 

### 1/12/2012 32.25

$ 48.00

$ 41.08

$ 

### 1/13/2012 32.25

$ 48.00

$ 41.08

$ 

### 1/14/2012 1/15/2012 1/16/2012 1/17/2012 31.75

$ 47.25

$ 40.44

$ 

### 1/18/2012 31.75

$ 47.25

$ 40.44

$ 

### 1/19/2012 31.50

$ 46.75

$ 40.05

$ 

### 1/20/2012 31.50

$ 46.50

$ 39.91

$ 

### 1/21/2012 1/22/2012 1/23/2012 31.50

$ 46.50

$ 39.91

$ 

### 1/24/2012 31.75

$ 47.00

$ 40.30

$ 

### 1/25/2012 31.50

$ 46.00

$ 39.63

$ 

### 1/26/2012 31.25

$ 45.75

$ 39.38

$ 

### 1/27/2012 31.25

$ 45.75

$ 39.38

$ 

### 1/28/2012 1/29/2012 1/30/2012 31.25

$ 45.75

$ 39.38

$ 

### 1/31/2012 31.25

$ 45.50

$ 39.24

$ 

### 2/1/2012 31.25

$ 45.25

$ 39.10

$ 

### 2/2/2012 32.25

$ 45.75

$ 39.82

$ 

### 2/3/2012 32.75

$ 46.50

$ 40.46

$ 

### 2/4/2012

### 2/5/2012 2/6/2012 33.00

$ 46.75

$ 40.71

$ 

### 2/7/2012 33.00

$ 46.50

$ 40.57

$ 

### 2/8/2012 31.50

$ 46.50

$ 39.91

$ 

### 2/9/2012 31.50

$ 46.50

$ 39.91

$ 

### 2/10/2012 31.75

$ 46.75

$ 40.16

$ 

### 2/11/2012 2/12/2012 2/13/2012 31.75

$ 46.75

$ 40.16

$ 

### 2/14/2012 32.00

$ 47.25

$ 40.55

$ 

### 2/15/2012 31.75

$ 46.75

$ 40.16

$ 

### 2/16/2012 31.75

$ 46.00

$ 39.74

$ 

### 2/17/2012 32.25

$ 46.00

$ 39.96

$ 

### 2/18/2012 2/19/2012 2/20/2012 2/21/2012 32.25

$ 47.00

$ 40.52

$ 

### 2/22/2012 32.50

$ 47.25

$ 40.77

$ 

### 2/23/2012 32.50

$ 47.25

$ 40.77

$ 

### 2/24/2012 32.25

$ 46.75

$ 40.38

$ 

### 2/25/2012 2/26/2012 2/27/2012 32.00

$ 46.00

$ 39.85

$ 

### 2/28/2012 31.75

$ 45.75

$ 39.60

$ 

### 2/29/2012 31.75

$ 46.00

$ 39.74

$ 

### 3/1/2012 31.75

$ 46.00

$ 39.74

$ 

### 3/2/2012 31.75

$ 46.00

$ 39.74

$ 

### 3/3/2012 3/4/2012 3/5/2012 31.50

$ 45.75

$ 39.49

$ 

### 3/6/2012 31.25

$ 45.50

$ 39.24

$ 

### 3/7/2012 31.25

$ 45.25

$ 39.10

$ 

### 3/8/2012 31.25

$ 45.25

$ 39.10

$ 

### 3/9/2012 31.25

$ 45.25

$ 39.10

$ 

### 3/10/2012 3/11/2012 3/12/2012 31.25

$ 45.25

$ 39.10

$ 

### 3/13/2012 31.25

$ 45.25

$ 39.10

$ 

### 3/14/2012 31.25

$ 45.25

$ 39.10

$ 

### 3/15/2012 31.25

$ 45.25

$ 39.10

$ 

### 3/16/2012 31.25

$ 45.25

$ 39.10

$ 

### 3/17/2012 3/18/2012 3/19/2012 31.25

$ 45.50

$ 39.24

$ 

### 3/20/2012 31.25

$ 45.25

$ 39.10

$ 

### 3/21/2012 31.25

$ 45.25

$ 39.10

$ 

### 3/22/2012 31.00

$ 45.00

$ 38.85

$

### 3/23/2012 31.00 $ 45.00

$ 38.85

$ 

### 3/24/2012 3/25/2012 3/26/2012 31.00

$ 45.00

$ 38.85

$ 

### 3/27/2012 31.00

$ 44.75

$ 38.71

$ 

### 3/28/2012 31.00

$ 44.50

$ 38.57

$ 

### 3/29/2012 31.00

$ 44.50

$ 38.57

$ 

### 3/30/2012 31.00

$ 44.50

$ 38.57

$ 

### 3/31/2012 4/1/2012 4/2/2012 31.00

$ 44.50

$ 38.57

$ 

### 4/3/2012 31.25

$ 45.00

$ 38.96

$ 

### 4/4/2012 31.75

$ 46.25

$ 39.88

$ 

### 4/5/2012 31.50

$ 45.75

$ 39.49

$ 

### 4/6/2012 4/7/2012 4/8/2012 4/9/2012 32.00

$ 47.00

$ 40.41

$ 

### 4/10/2012 31.75

$ 46.25

$ 39.88

$ 

### 4/11/2012 31.50

$ 45.75

$ 39.49

$ 

### 4/12/2012 31.50

$ 45.50

$ 39.35

$ 

### 4/13/2012 31.50

$ 45.50

$ 39.35

$ 

### 4/14/2012 4/15/2012 4/16/2012 31.50

$ 45.50

$ 39.35

$ 

### 4/17/2012 32.25

$ 46.25

$ 40.10

$ 

### 4/18/2012 32.25

$ 46.00

$ 39.96

$ 

### 4/19/2012 32.00

$ 45.75

$ 39.71

$ 

### 4/20/2012 32.00

$ 45.75

$ 39.71

$ 

### 4/21/2012 4/22/2012 4/23/2012 32.00

$ 46.00

$ 39.85

$ 

### 4/24/2012 32.00

$ 46.25

$ 39.99

$ 

### 4/25/2012 32.00

$ 46.25

$ 39.99

$ 

### 4/26/2012 32.00

$ 46.25

$ 39.99

$ 

### 4/27/2012 32.25

$ 46.50

$ 40.24

$ 

### 4/28/2012 4/29/2012 4/30/2012 32.25

$ 46.50

$ 40.24

$ 

### 5/1/2012 32.25

$ 46.50

$ 40.24

$ 

### 5/2/2012 32.00

$ 45.75

$ 39.71

$ 

### 5/3/2012 32.25

$ 46.25

$ 40.10

$ 

### 5/4/2012 32.25

$ 46.25

$ 40.10

$ 

### 5/5/2012 5/6/2012 5/7/2012 32.25

$ 46.50

$ 40.24

$ 

### 5/8/2012 32.50

$ 46.75

$ 40.49

$

### 5/9/2012 32.75 $ 47.25

$ 40.88

$ 

### 5/10/2012 32.75

$ 47.25

$ 40.88

$ 

### 5/11/2012 33.00

$ 47.50

$ 41.13

$ 

### 5/12/2012 5/13/2012 5/14/2012 32.75

$ 47.00

$ 40.74

$ 

### 5/15/2012 33.00

$ 47.50

$ 41.13

$ 

### 5/16/2012 33.25

$ 47.50

$ 41.24

$ 

### 5/17/2012 32.75

$ 45.75

$ 40.04

$ 

### 5/18/2012 32.75

$ 46.00

$ 40.18

$ 

### 5/19/2012 5/20/2012 5/21/2012 32.50

$ 46.50

$ 40.35

$ 

### 5/22/2012 32.75

$ 46.75

$ 40.60

$ 

### 5/23/2012 32.50

$ 46.25

$ 40.21

$ 

### 5/24/2012 32.00

$ 46.50

$ 40.13

$ 

### 5/25/2012 32.00

$ 47.25

$ 40.55

$ 

### 5/26/2012 5/27/2012 5/28/2012 5/29/2012 32.50

$ 48.25

$ 41.33

$ 

### 5/30/2012 32.00

$ 47.25

$ 40.55

$ 

### 5/31/2012 32.25

$ 47.75

$ 40.94

$ 

### 6/1/2012 32.25

$ 47.50

$ 40.80

$ 

### 6/2/2012 6/3/2012 6/4/2012 32.25

$ 47.50

$ 40.80

$ 

### 6/5/2012 32.15

$ 47.25

$ 40.62

$ 

### 6/6/2012 31.75

$ 47.25

$ 40.44

$ 

### 6/7/2012 31.25

$ 47.00

$ 40.08

$ 

### 6/8/2012 31.25

$ 47.00

$ 40.08

$ 

### 6/9/2012 6/10/2012 6/11/2012 31.25

$ 47.00

$ 40.08

$ 

### 6/12/2012 31.25

$ 47.00

$ 40.08

$ 

### 6/13/2012 31.75

$ 47.75

$ 40.72

$ 

### 6/14/2012 31.75

$ 47.75

$ 40.72

$ 

### 6/15/2012 31.75

$ 47.75

$ 40.72

$ 

### 6/16/2012 6/17/2012 6/18/2012 31.65

$ 47.50

$ 40.54

$ 

### 6/19/2012 31.65

$ 47.50

$ 40.54

$ 

### 6/20/2012 32.75

$ 48.00

$ 41.30

$ 

### 6/21/2012 32.75

$ 48.25

$ 41.44

$ 

### 6/22/2012 32.75

$ 48.25

$ 41.44

$ 

### 6/23/2012 6/24/2012

### 6/25/2012 32.75 $ 48.25

$ 41.44

$ 

### 6/26/2012 32.75

$ 48.50

$ 41.58

$ 

### 6/27/2012 32.75

$ 48.50

$ 41.58

$ 

### 6/28/2012 33.00

$ 48.75

$ 41.83

$ 

### 6/29/2012 33.25

$ 48.00

$ 41.52

$ 

### 6/30/2012 7/1/2012 7/2/2012 33.25

$ 48.00

$ 41.52

$ 

### 7/3/2012 33.25

$ 48.00

$ 41.52

$ 

### 7/4/2012 7/5/2012 33.25

$ 48.00

$ 41.52

$ 

### 7/6/2012 33.25

$ 48.00

$ 41.52

$ 

### 7/7/2012 7/8/2012 7/9/2012 33.25

$ 48.00

$ 41.52

$ 

### 7/10/2012 33.25

$ 47.75

$ 41.38

$ 

### 7/11/2012 33.25

$ 48.00

$ 41.52

$ 

### 7/12/2012 33.25

$ 48.00

$ 41.52

$ 

### 7/13/2012 33.25

$ 48.00

$ 41.52

$ 

### 7/14/2012 7/15/2012 7/16/2012 33.00

$ 47.50

$ 41.13

$ 

### 7/17/2012 33.00

$ 47.50

$ 41.13

$ 

### 7/18/2012 33.00

$ 47.50

$ 41.13

$ 

### 7/19/2012 32.75

$ 47.00

$ 40.74

$ 

### 7/20/2012 32.75

$ 47.00

$ 40.74

$ 

### 7/21/2012 7/22/2012 7/23/2012 32.75

$ 47.00

$ 40.74

$ 

### 7/24/2012 32.75

$ 47.00

$ 40.74

$ 

### 7/25/2012 32.50

$ 46.75

$ 40.49

$ 

### 7/26/2012 32.50

$ 47.00

$ 40.63

$ 

### 7/27/2012 32.25

$ 46.50

$ 40.24

$ 

### 7/28/2012 7/29/2012 7/30/2012 33.00

$ 47.50

$ 41.13

$ 

### 7/31/2012 32.50

$ 46.25

$ 40.21

$ 

### 8/1/2012 32.50

$ 46.50

$ 40.35

$ 

### 8/2/2012 32.25

$ 46.00

$ 39.96

$ 

### 8/3/2012 32.25

$ 46.25

$ 40.10

$ 

### 8/4/2012 8/5/2012 8/6/2012 32.25

$ 46.50

$ 40.24

$ 

### 8/7/2012 32.00

$ 45.75

$ 39.71

$ 

### 8/8/2012 31.50

$ 45.00

$ 39.07

$ 

### 8/9/2012 31.50

$ 45.25

$ 39.21

$ 

### 8/10/2012 31.25

$ 44.75

$ 38.82

$

### 8/11/2012 8/12/2012 8/13/2012 30.50

$ 46.00

$ 39.19

$ 

### 8/14/2012 30.75

$ 46.25

$ 39.44

$ 

### 8/15/2012 30.00

$ 45.75

$ 38.83

$ 

### 8/16/2012 30.50

$ 46.00

$ 39.19

$ 

### 8/17/2012 30.50

$ 46.00

$ 39.19

$ 

### 8/18/2012 8/19/2012 8/20/2012 30.50

$ 46.00

$ 39.19

$ 

### 8/21/2012 30.75

$ 46.50

$ 39.58

$ 

### 8/22/2012 30.75

$ 46.50

$ 39.58

$ 

### 8/23/2012 30.75

$ 46.50

$ 39.58

$ 

### 8/24/2012 30.50

$ 46.25

$ 39.33

$ 

### 8/25/2012 8/26/2012 8/27/2012 30.50

$ 46.00

$ 39.19

$ 

### 8/28/2012 31.00

$ 46.75

$ 39.83

$ 

### 8/29/2012 30.25

$ 45.75

$ 38.94

$ 

### 8/30/2012 30.25

$ 45.75

$ 38.94

$ 

### 8/31/2012 30.25

$ 45.75

$ 38.94

$ 

### 9/1/2012 9/2/2012 9/3/2012 9/4/2012 30.25

$ 45.75

$ 38.94

$ 

### 9/5/2012 30.25

$ 45.75

$ 38.94

$ 

### 9/6/2012 30.25

$ 45.75

$ 38.94

$ 

### 9/7/2012 30.25

$ 45.50

$ 38.80

$ 

### 9/8/2012 9/9/2012 9/10/2012 30.50

$ 45.75

$ 39.05

$ 

### 9/11/2012 30.50

$ 46.00

$ 39.19

$ 

### 9/12/2012 30.75

$ 46.50

$ 39.58

$ 

### 9/13/2012 30.75

$ 46.50

$ 39.58

$ 

### 9/14/2012 30.75

$ 46.50

$ 39.58

$ 

### 9/15/2012 9/16/2012 9/17/2012 30.75

$ 46.50

$ 39.58

$ 

### 9/18/2012 30.75

$ 46.50

$ 39.58

$ 

### 9/19/2012 30.75

$ 46.50

$ 39.58

$ 

### 9/20/2012 30.50

$ 45.75

$ 39.05

$ 

### 9/21/2012 30.50

$ 46.50

$ 39.47

$ 

### 9/22/2012 9/23/2012 9/24/2012 30.75

$ 46.75

$ 39.72

$ 

### 9/25/2012 30.25

$ 46.25

$ 39.22

$ 

### 9/26/2012 30.50

$ 46.75

$ 39.61

$

### 9/27/2012 30.50 $ 46.75

$ 39.61

$ 

### 9/28/2012 30.75

$ 47.25

$ 40.00

$ 

### 9/29/2012 9/30/2012 10/1/2012 32.40

$ 49.25

$ 41.85

$ 

### 10/2/2012 32.25

$ 49.00

$ 41.64

$ 

### 10/3/2012 33.25

$ 47.25

$ 41.10

$ 

### 10/4/2012 33.25

$ 47.25

$ 41.10

$ 

### 10/5/2012 33.25

$ 47.25

$ 41.10

$ 

### 10/6/2012 10/7/2012 10/8/2012 33.25

$ 47.25

$ 41.10

$ 

### 10/9/2012 33.25

$ 47.25

$ 41.10

$ 

### 10/10/2012 33.75

$ 48.50

$ 42.02

$ 

### 10/11/2012 33.75

$ 47.50

$ 41.46

$ 

### 10/12/2012 33.50

$ 47.00

$ 41.07

$ 

### 10/13/2012 10/14/2012 10/15/2012 33.50

$ 46.75

$ 40.93

$ 

### 10/16/2012 33.50

$ 46.50

$ 40.79

$ 

### 10/17/2012 34.00

$ 47.25

$ 41.43

$ 

### 10/18/2012 34.00

$ 46.75

$ 41.15

$ 

### 10/19/2012 33.75

$ 46.25

$ 40.76

$ 

### 10/20/2012 10/21/2012 10/22/2012 33.50

$ 45.65

$ 40.31

$ 

### 10/23/2012 34.00

$ 46.40

$ 40.95

$ 

### 10/24/2012 33.75

$ 46.00

$ 40.62

$ 

### 10/25/2012 34.00

$ 46.50

$ 41.01

$ 

### 10/26/2012 33.75

$ 46.00

$ 40.62

$ 

### 10/27/2012 10/28/2012 10/29/2012 33.75

$ 46.00

$ 40.62

$ 

### 10/30/2012 33.00

$ 45.25

$ 39.87

$ 

### 10/31/2012 33.00

$ 45.50

$ 40.01

$ 

### 11/1/2012 32.75

$ 45.50

$ 39.90

$ 

### 11/2/2012 32.50

$ 44.50

$ 39.23

$ 

### 11/3/2012 11/4/2012 11/5/2012 32.50

$ 44.75

$ 39.37

$ 

### 11/6/2012 32.50

$ 44.50

$ 39.23

$ 

### 11/7/2012 32.25

$ 44.00

$ 38.84

$ 

### 11/8/2012 32.00

$ 44.00

$ 38.73

$ 

### 11/9/2012 32.00

$ 44.00

$ 38.73

$ 

### 11/10/2012 11/11/2012 11/12/2012 32.25

$ 44.25

$ 38.98

$

### 11/13/2012 32.75 $ 45.35

$ 39.82

$ 

### 11/14/2012 32.50

$ 45.15

$ 39.59

$ 

### 11/15/2012 32.25

$ 44.50

$ 39.12

$ 

### 11/16/2012 32.50

$ 45.00

$ 39.51

$ 

### 11/17/2012 11/18/2012 11/19/2012 32.50

$ 44.75

$ 39.37

$ 

### 11/20/2012 32.75

$ 45.50

$ 39.90

$ 

### 11/21/2012 33.00

$ 45.50

$ 40.01

$ 

### 11/22/2012 11/23/2012 11/24/2012 11/25/2012 11/26/2012 32.75

$ 45.65

$ 39.98

$ 

### 11/27/2012 32.75

$ 45.75

$ 40.04

$ 

### 11/28/2012 32.50

$ 45.50

$ 39.79

$ 

### 11/29/2012 11/30/2012 12/1/2012 12/2/2012 12/3/2012 12/4/2012 12/5/2012 12/6/2012 12/7/2012 12/8/2012 12/9/2012 12/10/2012 12/11/2012 12/12/2012 12/13/2012 12/14/2012 12/15/2012 12/16/2012 12/17/2012 12/18/2012 12/19/2012 12/20/2012 12/21/2012 12/22/2012 12/23/2012 12/24/2012 12/25/2012 12/26/2012 12/27/2012 12/28/2012 12/29/2012

### 12/30/2012

12/31/2012

## Electric Power Projections for EMM Region, Western Electricity Coordinating Council / Southwest

**EIA Annual Energy Outlook 2011**



### Reference **High growth Low growth** 

**Prices by Service Category (2009 cents per kilowatthour)** 
Generation 6.8 7 5.8 5.8 5.8 **PERCENTAGE CHANGE FOR MODEL > >** Transmission 0.7 0.7 0.8 0.8 0.8 Distribution 2.1 2.1 2.2 2.2 2.2 **(nominal cents per kilowatthour)**
Generation 6.7 7 5.8 5.8 5.8

Transmission 0.7 0.7 0.8 0.8 0.8 Distribution 2 2.1 2.2 2.2 2.2

**Fuel Prices (2009 dollars per million Btu)** Coal 1.83 1.95 1.98 1.98 1.98 **PERCENTAGE CHANGE FOR MODEL > > 1.54%**  **1.54% 1.54%**  Natural Gas 7.98 4.71 4.68 4.72 4.68 Distillate Fuel Oil 20.35 14.91 17.01 17.01 17.01 Residual Fuel Oil 16.55 9.91 11.85 11.85 11.85 **(nominal dollars per million Btu)** Coal 1.81 1.95 2 2 2 Natural Gas 7.9 4.71 4.73 4.76 4.72 Distillate Fuel Oil 20.16 14.91 17.16 17.16 17.16 Residual Fuel Oil 16.4 9.91 11.95 11.95 11.95

2010 2010 2010 1.54% N N

2,010 2,011 2,012 1.54% -2.53% -2.07% **Electricity Supply and Demand 2008**  **2009 2010** 

## Electric Power Projections for EMM Region, Western Electricity Coordinating Council / Southwest

**Reference High growth**  **Low growth Reference**  **High growth Low growth**  **Reference High growth** 

5.5 5.6 5.5 5.4 5.5 5.4 5.3 5.6 **1.9% 0.0%**  **5.7%**
0.8 0.8 0.8 0.8 0.8 0.8 0.9 0.9
2.2 2.2 2.2 2.3 2.3 2.3 2.4 2.4

5.7 5.7 5.7 5.6 5.7 5.6 5.6 5.8 **1.8% 0.0%**  **3.6%**
0.8 0.8 0.8 0.9 0.8 0.9 0.9 0.9
2.2 2.2 2.2 2.4 2.3 2.4 2.5 2.5

1.93 1.93 1.93 1.89 1.89 1.89 1.89 1.9 **-2.53% -2.53%**  **-2.53% -2.07%**  **-2.07% -2.07%**  **0.00% 0.53%** 
4.54 4.58 4.54 4.49 4.53 4.47 4.48 4.53
17.81 17.81 17.81 18.61 18.68 18.53 18.9 19.13
12.56 12.56 12.56 15.75 15.81 15.68 16.04 16.07

1.98 1.98 1.98 1.96 1.95 1.96 1.99 1.97
4.64 4.68 4.64 4.64 4.65 4.63 4.71 4.7 18.2 18.2 18.2 19.24 19.19 19.19 19.87 19.86
12.84 12.84 12.84 16.28 16.24 16.24 16.86 16.69

2011 2011 2011 2012 2012 2012 2013 2013 -2.53% N N -2.07% N N 0.00% N

2,013 2,014 2,015 2,016 2,017 2,018 2,019 2,020 0.00% 0.00% 1.06% 1.05% 1.04% 0.00% -0.51% 1.03%

**2011 2012**  **2013**

High & Low Trend Spread to Ref High & Low Trend Spread to Ref

### Low growth **Reference High growth**  **Low growth Reference**  **High growth Low growth**  **Reference**

5.2 5.1 5.5 5 5.1 5.5 5 5.2 **-1.9% 7.8%**  **-2.0% 7.8%**  **-2.0%**
0.9 0.9 0.9 0.9 0.9 0.9 0.9 0.9
2.4 2.4 2.4 2.5 2.5 2.5 2.5 2.5

5.5 5.5 5.8 5.5 5.6 5.9 5.6 5.8 **-1.8% 5.5%**  **0.0% 5.4%**  **0.0%**
0.9 0.9 1 1 1 1 1 1 2.5 2.6 2.6 2.7 2.7 2.6 2.8 2.8

1.89 1.89 1.9 1.88 1.91 1.93 1.9 1.93 **0.00% 0.00%**  **0.00% -0.53%**  **1.06% 1.58%**  **1.06% 1.05%** 
4.43 4.46 4.57 4.37 4.50 4.66 4.39 4.62
18.73 19.31 19.64 19.07 19.67 20.17 19.32 20.47
15.93 16.46 16.48 16.32 16.67 16.83 16.58 17.01

2 2.03 2 2.04 2.09 2.05 2.12 2.15
4.69 4.78 4.8 4.74 4.91 4.96 4.88 5.14 19.8 20.66 20.64 20.66 21.47 21.46 21.48 22.79
16.85 17.61 17.32 17.68 18.19 17.91 18.44 18.94

2013 2014 2014 2014 2015 2015 2015 2016
N 0.00% N N 1.06% N N 1.05%

2,021 2,022 2,023 2,024 2,025 2,026 2,027 2,028 1.02% 1.52% 0.50% 0.50% 0.00% 0.00% 0.49% 1.47%

**2014 2015** 

High & Low Trend Spread to Ref High & Low Trend Spread to Ref High & Low Trend Spread to Ref High & Low Trend Spread to Ref

### High growth **Low growth Reference**  **High growth Low growth**  **Reference High growth**  **Low growth**

5.5 5 5.2 5.6 5 5.2 5.6 5 **5.8% -3.8%**  **0.00% 1.82%**  **0.00% 0.00%**  **0.00% 0.00%** 
0.9 0.9 0.9 0.9 1 0.9 0.9 1 2.5 2.5 2.5 2.5 2.6 2.6 2.5 2.6

6 5.7 5.9 6.1 5.8 6.1 6.2 6 **3.4% -1.7%**  **1.72% 1.67%**  **1.75% 3.39%**  **1.64% 3.45%** 
1 1.1 1 1 1.1 1.1 1 1.1
2.7 2.9 2.9 2.8 3 3 2.8 3.1

1.95 1.93 1.95 1.97 1.95 1.95 1.98 1.93 **1.04% 1.58%**  **1.04% 1.03%**  **1.04% 0.00%**  **0.51% -1.03%** 
4.81 4.44 4.69 4.93 4.47 4.8 5.06 4.54 20.82 19.89 21.15 21.5 20.62 21.78 22.13 21.07
17.18 16.9 17.36 17.59 17.09 18.51 18.15 18.12

2.1 2.2 2.22 2.16 2.28 2.26 2.19 2.33
5.19 5.07 5.33 5.39 5.24 5.57 5.6 5.46
22.46 22.71 24.03 23.53 24.17 25.27 24.53 25.35
18.53 19.3 19.73 19.25 20.03 21.47 20.11 21.8

2016 2016 2017 2017 2017 2018 2018 2018
N N 1.04% N N 0.00% N N

2,029 2,030 2,031 2,032 2,033 2,034 2,035 2,036 1.45% 0.48% 0.47% 0.00% 0.00% 0.00% 0.47% 0.00% **2016 2017**  **2018**

High & Low Trend Spread to Ref

### Reference **High growth Low growth**  **Reference High growth**  **Low growth Reference**  **High growth**

5.3 5.7 5 5.4 5.8 5.1 5.5 5.9 **1.92% 1.79%**  **0.00% 1.89%**  **1.75% 2.00%**  **1.85% 1.72%** 
0.9 0.9 0.9 0.9 0.9 0.9 0.9 0.9
2.6 2.6 2.6 2.6 2.6 2.6 2.6 2.6

6.3 6.4 6.2 6.5 6.6 6.5 6.7 6.8 **3.28% 3.23%**  **3.33% 3.17%**  **3.12% 4.84%**  **3.08% 3.03%** 
1.1 1 1.2 1.1 1.1 1.2 1.1 1.1 3 2.9 3.2 3.1 2.9 3.3 3.2 3

1.94 1.98 1.92 1.96 2.01 1.93 1.98 2.04 **-0.51% 0.00%**  **-0.52% 1.03%**  **1.52% 0.52%**  **1.02% 1.49%** 
4.91 5.19 4.66 5.09 5.44 4.82 5.28 5.68
22.34 22.77 21.56 22.66 23.3 22.09 22.91 23.73
18.88 19.32 18.4 19.15 19.76 18.74 19.46 20.16

2.3 2.22 2.37 2.37 2.28 2.45 2.44 2.34
5.82 5.82 5.76 6.15 6.17 6.14 6.51 6.52
26.45 25.51 26.66 27.38 26.43 28.13 28.2 27.24
22.35 21.64 22.76 23.14 22.42 23.85 23.96 23.14

2019 2019 2019 2020 2020 2020 2021 2021 -0.51% N N 1.03% N N 1.02% N

**2019 2020**  **2021**

### Low growth **Reference High growth**  **Low growth Reference**  **High growth Low growth**  **Reference**

5.2 5.6 6 5.2 5.8 6.1 5.3 5.9 **1.96% 1.82%**  **1.69% 0.00%**  **3.57% 1.67%**  **1.92% 1.72%** 
0.9 0.9 0.9 0.9 0.9 0.9 0.9 0.9
2.6 2.6 2.6 2.6 2.6 2.6 2.7 2.6

6.8 7 7 7 7.3 7.2 7.2 7.7 **4.62% 4.48%**  **2.94% 2.94%**  **4.29% 2.86%**  **2.86% 5.48%** 
1.2 1.1 1.1 1.3 1.2 1.1 1.3 1.2
3.4 3.3 3 3.5 3.4 3.1 3.6 3.4

1.95 2.01 2.05 1.97 2.02 2.05 1.98 2.03 **1.04% 1.52%**  **0.49% 1.03%**  **0.50% 0.00%**  **0.51% 0.50%** 
4.96 5.43 5.91 5.12 5.56 6.07 5.25 5.7 22.33 23.15 24.11 22.67 23.43 24.5 23 23.87
19.13 19.71 20.48 19.4 20.01 20.8 19.68 20.24

2.55 2.52 2.38 2.64 2.57 2.42 2.71 2.64
6.48 6.81 6.86 6.86 7.09 7.15 7.2 7.41 29.19 29.03 28.01 30.39 29.9 28.85 31.55 31.01
25.01 24.72 23.8 26.01 25.54 24.49 27 26.3

2021 2022 2022 2022 2023 2023 2023 2024
N 1.52% N N 0.50% N N 0.50% **2022 2023** 

### High growth **Low growth Reference**  **High growth Low growth**  **Reference High growth**  **Low growth**

6.2 5.3 6 6.4 5.5 6.1 6.5 5.6 **1.64% 0.00%**  **1.69% 3.23%**  **3.77% 1.67%**  **1.56% 1.82%** 
0.9 0.9 0.9 0.9 0.9 0.9 1 0.9
2.6 2.7 2.7 2.7 2.7 2.7 2.7 2.7

7.4 7.5 7.9 7.7 7.8 8.2 7.9 8.2 **2.78% 4.17%**  **2.60% 4.05%**  **4.00% 3.80%**  **2.60% 5.13%** 
1.1 1.3 1.2 1.1 1.3 1.3 1.2 1.4 3.2 3.7 3.5 3.2 3.8 3.6 3.3 4

2.07 1.99 2.03 2.07 2 2.03 2.08 2 **0.98% 0.51%**  **0.00% 0.00%**  **0.50% 0.00%**  **0.48% 0.00%** 
6.25 5.37 5.81 6.36 5.45 5.93 6.5 5.53
24.78 23.32 24.13 25.17 23.59 24.38 25.4 23.82
20.96 19.91 20.5 21.29 20.09 20.72 21.38 20.31

2.46 2.79 2.69 2.5 2.87 2.74 2.54 2.93
7.45 7.53 7.68 7.67 7.82 7.98 7.93 8.11
29.55 32.7 31.92 30.39 33.85 32.82 31.02 34.97
24.99 27.92 27.11 25.7 28.82 27.9 26.12 29.82

2024 2024 2025 2025 2025 2026 2026 2026
N N 0.00% N N 0.00% N N **2024 2025**  **2026**

### Reference **High growth Low growth**  **Reference High growth**  **Low growth Reference**  **High growth**

6.2 6.6 5.6 6.3 6.7 5.6 6.3 6.8 **1.64% 1.54%**  **0.00% 1.61%**  **1.52% 0.00%**  **0.00% 1.49%** 
0.9 1 0.9 0.9 1 0.9 1 1
2.7 2.7 2.7 2.7 2.7 2.7 2.7 2.7

8.5 8.1 8.4 8.8 8.4 8.7 9 8.6 **3.66% 2.53%**  **2.44% 3.53%**  **3.70% 3.57%**  **2.27% 2.38%** 
1.3 1.2 1.4 1.3 1.2 1.5 1.4 1.3
3.7 3.3 4.1 3.8 3.4 4.2 3.9 3.4

2.04 2.11 2 2.07 2.13 2.01 2.1 2.14 **0.49% 1.44%**  **0.00% 1.47%**  **0.95% 0.50%**  **1.45% 0.47%** 
6.12 6.7 5.64 6.24 6.86 5.77 6.33 7.02
24.59 25.46 23.92 24.82 25.62 23.99 25.02 25.83
20.91 21.46 20.39 21.04 21.52 20.4 21.08 21.56

2.8 2.6 3.01 2.89 2.67 3.09 2.98 2.71
8.4 8.29 8.48 8.72 8.6 8.88 9.01 8.9
33.74 31.5 35.95 34.68 32.11 36.94 35.62 32.78
28.68 26.54 30.64 29.4 26.97 31.41 30.02 27.36

2027 2027 2027 2028 2028 2028 2029 2029 0.49% N N 1.47% N N 1.45% N **2028 2029**  **2027**

### Low growth **Reference High growth**  **Low growth Reference**  **High growth Low growth**  **Reference**

5.6 6.4 6.8 5.7 6.4 6.9 5.7 6.5 **0.00% 1.59%**  **0.00% 1.79%**  **0.00% 1.47%**  **0.00% 1.56%** 
1 1 1 1 1 1.1 1 1
2.7 2.7 2.7 2.7 2.7 2.7 2.7 2.7

8.9 9.2 8.8 9.1 9.5 9 9.4 9.7 **2.30% 2.22%**  **2.33% 2.25%**  **3.26% 2.27%**  **3.30% 2.11%** 
1.5 1.4 1.3 1.6 1.5 1.4 1.6 1.6
4.3 3.9 3.5 4.4 4 3.5 4.5 4.1

2.03 2.11 2.14 2.04 2.12 2.14 2.06 2.12 **1.00% 0.48%**  **0.00% 0.49%**  **0.47% 0.00%**  **0.98% 0.00%** 
5.85 6.41 7.16 5.89 6.49 7.31 5.91 6.59
23.95 25.28 26.03 24.06 25.36 26.4 24.46 25.45
20.23 20.93 21.45 20.33 20.89 21.59 20.52 20.76

3.2 3.06 2.75 3.29 3.13 2.79 3.4 3.19
9.22 9.3 9.19 9.49 9.58 9.52 9.75 9.91
37.76 36.64 33.44 38.78 37.45 34.36 40.32 38.31
31.88 30.34 27.55 32.77 30.85 28.1 33.83 31.24

2029 2030 2030 2030 2031 2031 2031 2032
N 0.48% N N 0.47% N N 0.00% **2030 2031** 

### High growth **Low growth Reference**  **High growth Low growth**  **Reference High growth**  **Low growth**

7 5.7 6.5 7.1 5.8 6.5 7.1 5.8 **1.45% 0.00%**  **0.00% 1.43%**  **1.75% 0.00%**  **0.00% 0.00%** 
1.1 1 1.1 1.1 1 1.1 1.1 1
2.7 2.8 2.7 2.7 2.8 2.7 2.7 2.8

9.2 9.7 10 9.5 10 10.2 9.6 10.2 **2.22% 3.19%**  **3.09% 3.26%**  **3.09% 2.00%**  **1.05% 2.00%** 
1.4 1.7 1.6 1.5 1.8 1.7 1.5 1.8
3.6 4.7 4.2 3.6 4.8 4.3 3.7 4.9

2.15 2.07 2.12 2.15 2.07 2.12 2.15 2.07 **0.47% 0.49%**  **0.00% 0.00%**  **0.00% 0.00%**  **0.00% 0.00%** 
7.5 5.95 6.74 7.72 6.04 6.89 7.5 6.12
26.71 24.66 25.49 26.72 24.55 25.68 26.84 24.59
21.69 20.55 20.72 21.56 20.31 20.79 21.49 20.25

2.83 3.5 3.26 2.87 3.58 3.32 2.93 3.66
9.9 10.05 10.34 10.33 10.43 10.79 10.23 10.81
35.24 41.63 39.12 35.75 42.4 40.18 36.59 43.48
28.62 34.69 31.8 28.85 35.08 32.53 29.3 35.8

2032 2032 2033 2033 2033 2034 2034 2034
N N 0.00% N N 0.00% N N **2034 2032**  **2033**

### Reference **High growth Low growth** 

6.6 7 5.9 **1.54% -1.41%**  **1.72%**
1.1 1.1 1.1
2.7 2.7 2.8

10.6 9.7 10.6 **3.92% 1.04%**  **3.92%**
1.7 1.5 1.9
4.4 3.8 5

2.13 2.15 2.08 **0.47% 0.00%**  **0.48%**
7.08 7.31 6.26
25.84 27.04 24.64
20.84 21.6 20.27

3.39 2.99 3.74
11.3 10.16 11.27
41.23 37.55 44.41 33.25 30.01 36.52

2035 2035 2035 0.47% N N

**2035**

# Accelerated Depreciation & Deferred Tax Calculations

Line No Description

**Annual Capital Recovery Charge** SNCR Year Capital Cost Plant in Service Calculation ($000s)
1 Initial Facility Investment Unit No. 1 SNCR 15,148 $
4 Plant in Service

Book Depreciation Calculations 5 Book Depreciation 20 yrs 6 Depreciation Reserve Beg. Bal. = 0 7 Remaining Life (Yrs)

Federal Tax Depreciation and 26USC 169 Deferred Tax Calculation 8 Federal Tax Basis - Initial Investment 9 Federal Book-Tax Depreciation Formula 10 Federal Book-Tax Depreciation Reserve Beg. Bal. = 0
11 Federal 26USC 169 Tax Depreciation Schedule 5 yrs 12 Federal Tax Depreciation Formula - Plant in Service
13 Federal Deferred Tax Formula
14 Federal Tax Rate 35.0% 15 Federal Deferred Tax Reserve Formula Beg. Bal. = 0

Rate Base Calculations (including deferred tax balance) 19 Rate Base Formula Baghouse Year Capital Cost Plant in Service Calculation ($000s)
1 Initial Facility Investment Unit No. 1 Baghouse 263,120 $
4 Plant in Service

Book Depreciation Calculations 5 Book Depreciation 20 yrs 6 Depreciation Reserve Beg. Bal. = 0 7 Remaining Life (Yrs)

Federal Tax Depreciation and 26USC 169 Deferred Tax Calculation 8 Federal Tax Basis - Initial Investment 9 Federal Book-Tax Depreciation Formula 10 Federal Book-Tax Depreciation Reserve Beg. Bal. = 0
11 Federal 26USC 169 Tax Depreciation Schedule 5 yrs 12 Federal Tax Depreciation Formula - Plant in Service
13 Federal Deferred Tax Formula14 Federal Tax Rate 35.0%

15 Federal Deferred Tax Reserve Formula Beg. Bal. = 0

Rate Base Calculations (including deferred tax balance) 19 Rate Base Formula SCR Year Capital Cost Plant in Service Calculation ($000s)
1 Initial Facility Investment Unit No. 1 SCR 159,431 $
4 Plant in Service

Book Depreciation Calculations 5 Book Depreciation 20 yrs 6 Depreciation Reserve Beg. Bal. = 0 7 Remaining Life (Yrs)

Federal Tax Depreciation and 26USC 169 Deferred Tax Calculation 8 Federal Tax Basis - Initial Investment 9 Federal Book-Tax Depreciation Formula 10 Federal Book-Tax Depreciation Reserve Beg. Bal. = 0
11 Federal 26USC 169 Tax Depreciation Schedule 5 yrs 12 Federal Tax Depreciation Formula - Plant in Service
13 Federal Deferred Tax Formula
14 Federal Tax Rate 35.0% 15 Federal Deferred Tax Reserve Formula Beg. Bal. = 0

Rate Base Calculations (including deferred tax balance) 19 Rate Base Formula**1 2**  **3 4**  **5 6**  **7 8** 

**1 2**  **3 4**  **5 6**  **7 8**  **2017** 2018 2019 2020 2021 2022 2023 2024

15,148 $ 15,148

$ 15,148

$ 15,148

$ 15,148

$ 15,148

$ 15,148

$ 15,148

$ 15,148 $ 15,148

$ 15,148

$ 15,148

$ 15,148

$ 15,148

$ 15,148

$ 15,148

$

757 757 757 757 757 757 757 757 757 1,515 2,272 3,030 3,787 4,544 5,302 6,059 20 19 18 17 16 15 14 13

15,148 $ 15,148

$ 15,148

$ 15,148

$ 15,148

$ 15,148

$ 15,148

$ 15,148

$
757 757 757 757 757 757 757 757 757 1,515 2,272 3,030 3,787 4,544 5,302 6,059 20.0% 20.0% 20.0% 20.0% 20.0% 0.0% 0.0% 0.0% 3,030 3,030 3,030 3,030 3,030

- - - 795 795 795 795 795 (265) (265) (265)
35.0% 35.0% 35.0% 35.0% 35.0% 35.0% 35.0% 35.0% 795 1,591 2,386 3,181 3,976 3,711 3,446 3,181

13,595 12,043 10,490 8,937 7,385 6,892 6,400 5,908 **1 2**  **3 4**  **5 6**  **7 8**  **2016** 2017 2018 2019 2020 2021 2022 2023

263,120 $ 263,120

$ 263,120

$ 263,120

$ 263,120

$ 263,120

$ 263,120

$ 263,120

$ 263,120 $ 263,120

$ 263,120

$ 263,120

$ 263,120

$ 263,120

$ 263,120

$ 263,120

$

13,156 13,156 13,156 13,156 13,156 13,156 13,156 13,156 13,156 26,312 39,468 52,624 65,780 78,936 92,092 105,248 20 19 18 17 16 15 14 13

263,120 $ 263,120

$ 263,120

$ 263,120

$ 263,120

$ 263,120

$ 263,120

$ 263,120

$ 13,156 13,156 13,156 13,156 13,156 13,156 13,156 13,156 13,156 26,312 39,468 52,624 65,780 78,936 92,092 105,248 20.0% 20.0% 20.0% 20.0% 20.0% 0.0% 0.0% 0.0% 52,624 52,624 52,624 52,624 52,624

- - - 13,814 13,814 13,814 13,814 13,814 (4,605) (4,605) (4,605)35.0% 35.0% 35.0% 35.0% 35.0% 35.0% 35.0% 35.0%

13,814 27,628 41,441 55,255 69,069 64,464 59,860 55,255

236,150 209,181 182,211 155,241 128,271 119,720 111,168 102,617 **1 2**  **3 4**  **5 6**  **7 8**  **2017** 2018 2019 2020 2021 2022 2023 2024

159,431 $ 159,431

$ 159,431

$ 159,431

$ 159,431

$ 159,431

$ 159,431

$ 159,431

$ 159,431 $ 159,431

$ 159,431

$ 159,431

$ 159,431

$ 159,431

$ 159,431

$ 159,431

$

7,972 7,972 7,972 7,972 7,972 7,972 7,972 7,972 7,972 15,943 23,915 31,886 39,858 47,829 55,801 63,773 20 19 18 17 16 15 14 13

159,431 $ 159,431

$ 159,431

$ 159,431

$ 159,431

$ 159,431

$ 159,431

$ 159,431

$ 7,972 7,972 7,972 7,972 7,972 7,972 7,972 7,972 7,972 15,943 23,915 31,886 39,858 47,829 55,801 63,773 20.0% 20.0% 20.0% 20.0% 20.0% 0.0% 0.0% 0.0% 31,886 31,886 31,886 31,886 31,886

- - - 8,370 8,370 8,370 8,370 8,370 (2,790) (2,790) (2,790)
35.0% 35.0% 35.0% 35.0% 35.0% 35.0% 35.0% 35.0% 8,370 16,740 25,110 33,481 41,851 39,061 36,271 33,481

143,090 126,748 110,406 94,065 77,723 72,541 67,360 62,178**9 10**  **11 12**  **13 14**  **15 16** 

**9 10**  **11 12**  **13 14**  **15 16**  2025 2026 2027 2028 2029 2030 2031 2032

15,148 $ 15,148

$ 15,148

$ 15,148

$ 15,148

$ 15,148

$ 15,148

$ 15,148

$ 15,148 $ 15,148

$ 15,148

$ 15,148

$ 15,148

$ 15,148

$ 15,148

$ 15,148

$

757 757 757 757 757 757 757 757 6,817 7,574 8,331 9,089 9,846 10,603 11,361 12,118 12 11 10 9 8 7 6 5

15,148 $ 15,148

$ 15,148

$ 15,148

$ 15,148

$ 15,148

$ 15,148

$ 15,148

$
757 757 757 757 757 757 757 757 6,817 7,574 8,331 9,089 9,846 10,603 11,361 12,118 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0%

- - - - - - - - (265) (265) (265) (265) (265) (265) (265) (265)
35.0% 35.0% 35.0% 35.0% 35.0% 35.0% 35.0% 35.0% 2,916 2,651 2,386 2,121 1,856 1,591 1,325 1,060

5,415 4,923 4,431 3,938 3,446 2,954 2,462 1,969 **9 10**  **11 12**  **13 14**  **15 16**  2024 2025 2026 2027 2028 2029 2030 2031

263,120 $ 263,120

$ 263,120

$ 263,120

$ 263,120

$ 263,120

$ 263,120

$ 263,120

$ 263,120 $ 263,120

$ 263,120

$ 263,120

$ 263,120

$ 263,120

$ 263,120

$ 263,120

$

13,156 13,156 13,156 13,156 13,156 13,156 13,156 13,156 118,404 131,560 144,716 157,872 171,028 184,184 197,340 210,496 12 11 10 9 8 7 6 5

263,120 $ 263,120

$ 263,120

$ 263,120

$ 263,120

$ 263,120

$ 263,120

$ 263,120

$ 13,156 13,156 13,156 13,156 13,156 13,156 13,156 13,156 118,404 131,560 144,716 157,872 171,028 184,184 197,340 210,496 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0%

- - - - - - - - (4,605) (4,605) (4,605) (4,605) (4,605) (4,605) (4,605) (4,605)35.0% 35.0% 35.0% 35.0% 35.0% 35.0% 35.0% 35.0%

50,651 46,046 41,441 36,837 32,232 27,628 23,023 18,418

94,065 85,514 76,963 68,411 59,860 51,308 42,757 34,206 **9 10**  **11 12**  **13 14**  **15 16**  2025 2026 2027 2028 2029 2030 2031 2032

159,431 $ 159,431

$ 159,431

$ 159,431

$ 159,431

$ 159,431

$ 159,431

$ 159,431

$ 159,431 $ 159,431

$ 159,431

$ 159,431

$ 159,431

$ 159,431

$ 159,431

$ 159,431

$

7,972 7,972 7,972 7,972 7,972 7,972 7,972 7,972 71,744 79,716 87,687 95,659 103,630 111,602 119,574 127,545 12 11 10 9 8 7 6 5

159,431 $ 159,431

$ 159,431

$ 159,431

$ 159,431

$ 159,431

$ 159,431

$ 159,431

$ 7,972 7,972 7,972 7,972 7,972 7,972 7,972 7,972 71,744 79,716 87,687 95,659 103,630 111,602 119,574 127,545 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0%

- - - - - - - - (2,790) (2,790) (2,790) (2,790) (2,790) (2,790) (2,790) (2,790)
35.0% 35.0% 35.0% 35.0% 35.0% 35.0% 35.0% 35.0% 30,691 27,901 25,110 22,320 19,530 16,740 13,950 11,160

56,997 51,815 46,634 41,452 36,271 31,089 25,908 20,726**17 18**  **19 20**  **21 22**  **23 24** 

**17 18**  **19 20**  **21 22**  **23 24**  2033 2034 2035 2036 2037 2038 2039 2040

15,148 $ 15,148

$ 15,148

$ 15,148

$ 15,148

$ 15,148

$ 15,148

$ 15,148

$ 15,148 $ 15,148

$ 15,148

$ 15,148

$ 15,148

$ 15,148

$ 15,148

$ 15,148

$

757 757 757 757

- - - - 12,876 13,633 14,390 15,148 15,148 15,148 15,148 15,148 4 3 2 1 0 0 0 0

15,148 $ 15,148

$ 15,148

$ 15,148

$ 15,148

$ 15,148

$ 15,148

$ 15,148

$
757 757 757 757

- - - - 12,876 13,633 14,390 15,148 15,148 15,148 15,148 15,148 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0%

- - - - - - - - (265) (265) (265) (265)

- - - - 35.0% 35.0% 35.0% 35.0% 35.0% 35.0% 35.0% 35.0% 795 530 265

- (0) (0) (0) (0)

1,477 985 492 (0) (0) (0) (0) (0)
**17 18**  **19 20**  **21 22**  **23 24**  2032 2033 2034 2035 2036 2037 2038 2039

263,120 $ 263,120

$ 263,120

$ 263,120

$ 263,120

$ 263,120

$ 263,120

$ 263,120

$ 263,120 $ 263,120

$ 263,120

$ 263,120

$ 263,120

$ 263,120

$ 263,120

$ 263,120

$

13,156 13,156 13,156 13,156

- - - - 223,652 236,808 249,964 263,120 263,120 263,120 263,120 263,120 4 3 2 1 0 0 0 0

263,120 $ 263,120

$ 263,120

$ 263,120

$ 263,120

$ 263,120

$ 263,120

$ 263,120

$ 13,156 13,156 13,156 13,156

- - - - 223,652 236,808 249,964 263,120 263,120 263,120 263,120 263,120 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0%

- - - - - - - - (4,605) (4,605) (4,605) (4,605)

- - - -35.0% 35.0% 35.0% 35.0% 35.0% 35.0% 35.0% 35.0%

13,814 9,209 4,605 (0) (0) (0) (0) (0)

25,654 17,103 8,551 0 0 0 0 0 **17 18**  **19 20**  **21 22**  **23 24**  2033 2034 2035 2036 2037 2038 2039 2040

159,431 $ 159,431

$ 159,431

$ 159,431

$ 159,431

$ 159,431

$ 159,431

$ 159,431

$ 159,431 $ 159,431

$ 159,431

$ 159,431

$ 159,431

$ 159,431

$ 159,431

$ 159,431

$

7,972 7,972 7,972 7,972

- - - - 135,517 143,488 151,460 159,431 159,431 159,431 159,431 159,431 4 3 2 1 0 0 0 0

159,431 $ 159,431

$ 159,431

$ 159,431

$ 159,431

$ 159,431

$ 159,431

$ 159,431

$ 7,972 7,972 7,972 7,972

- - - - 135,517 143,488 151,460 159,431 159,431 159,431 159,431 159,431 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0%

- - - - - - - - (2,790) (2,790) (2,790) (2,790)

- - - - 35.0% 35.0% 35.0% 35.0% 35.0% 35.0% 35.0% 35.0% 8,370 5,580 2,790 (0) (0) (0) (0) (0)

15,545 10,363 5,182 (0) (0) (0) (0) (0)**25 26**  **27 28**  **29 30**  **31 32** 

**25 26**  **27 28**  **29 30**  **31 32**  2041 2042 2043 2044 2045 2046 2047 2048

15,148 $ 15,148

$ 15,148

$ 15,148

$ 15,148

$ 15,148

$ 15,148

$ 15,148

$ 15,148 $ 15,148

$ 15,148

$ 15,148

$ 15,148

$ 15,148

$ 15,148

$ 15,148

$

- - - - - - - - 15,148 15,148 15,148 15,148 15,148 15,148 15,148 15,148 0 0 0 0 0 0 0 0

15,148 $ 15,148

$ 15,148

$ 15,148

$ 15,148

$ 15,148

$ 15,148

$ 15,148

$

- - - - - - - - 15,148 15,148 15,148 15,148 15,148 15,148 15,148 15,148 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0%

- - - - - - - -

- - - - - - - - 35.0% 35.0% 35.0% 35.0% 35.0% 35.0% 35.0% 35.0% (0) (0) (0) (0) (0) (0) (0) (0)

(0) (0) (0) (0) (0) (0) (0) (0) **25 26**  **27 28**  **29 30**  **31 32**  2040 2041 2042 2043 2044 2045 2046 2047

263,120 $ 263,120

$ 263,120

$ 263,120

$ 263,120

$ 263,120

$ 263,120

$ 263,120

$ 263,120 $ 263,120

$ 263,120

$ 263,120

$ 263,120

$ 263,120

$ 263,120

$ 263,120

$

- - - - - - - - 263,120 263,120 263,120 263,120 263,120 263,120 263,120 263,120 0 0 0 0 0 0 0 0

263,120 $ 263,120

$ 263,120

$ 263,120

$ 263,120

$ 263,120

$ 263,120

$ 263,120

$

- - - - - - - - 263,120 263,120 263,120 263,120 263,120 263,120 263,120 263,120 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0%

- - - - - - - -

- - - - - - - -35.0% 35.0% 35.0% 35.0% 35.0% 35.0% 35.0% 35.0%

(0) (0) (0) (0) (0) (0) (0) (0)

0 0 0 0 0 0 0 0 **25 26**  **27 28**  **29 30**  **31 32**  2041 2042 2043 2044 2045 2046 2047 2048

159,431 $ 159,431

$ 159,431

$ 159,431

$ 159,431

$ 159,431

$ 159,431

$ 159,431

$ 159,431 $ 159,431

$ 159,431

$ 159,431

$ 159,431

$ 159,431

$ 159,431

$ 159,431

$

- - - - - - - - 159,431 159,431 159,431 159,431 159,431 159,431 159,431 159,431 0 0 0 0 0 0 0 0

159,431 $ 159,431

$ 159,431

$ 159,431

$ 159,431

$ 159,431

$ 159,431

$ 159,431

$

- - - - - - - - 159,431 159,431 159,431 159,431 159,431 159,431 159,431 159,431 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0%

- - - - - - - -

- - - - - - - - 35.0% 35.0% 35.0% 35.0% 35.0% 35.0% 35.0% 35.0% (0) (0) (0) (0) (0) (0) (0) (0)

(0) (0) (0) (0) (0) (0) (0) (0)**33 34**  **35 36**  **37 38**  **39 40** 

**33 34**  **35 36**  **37 38**  **39 40**  2049 2050 2051 2052 2053 2054 2055 2056

15,148 $ 15,148

$ 15,148

$ 15,148

$ 15,148

$ 15,148

$ 15,148

$ 15,148

$ 15,148 $ 15,148

$ 15,148

$ 15,148

$ 15,148

$ 15,148

$ 15,148

$ 15,148

$

- - - - - - - - 15,148 15,148 15,148 15,148 15,148 15,148 15,148 15,148 0 0 0 0 0 0 0 0

15,148 $ 15,148

$ 15,148

$ 15,148

$ 15,148

$ 15,148

$ 15,148

$ 15,148

$

- - - - - - - - 15,148 15,148 15,148 15,148 15,148 15,148 15,148 15,148 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0%

- - - - - - - -

- - - - - - - - 35.0% 35.0% 35.0% 35.0% 35.0% 35.0% 35.0% 35.0% (0) (0) (0) (0) (0) (0) (0) (0)

(0) (0) (0) (0) (0) (0) (0) (0) **33 34**  **35 36**  **37 38**  **39 40**  2048 2049 2050 2051 2052 2053 2054 2055

263,120 $ 263,120

$ 263,120

$ 263,120

$ 263,120

$ 263,120

$ 263,120

$ 263,120

$ 263,120 $ 263,120

$ 263,120

$ 263,120

$ 263,120

$ 263,120

$ 263,120

$ 263,120

$

- - - - - - - - 263,120 263,120 263,120 263,120 263,120 263,120 263,120 263,120 0 0 0 0 0 0 0 0

263,120 $ 263,120

$ 263,120

$ 263,120

$ 263,120

$ 263,120

$ 263,120

$ 263,120

$

- - - - - - - - 263,120 263,120 263,120 263,120 263,120 263,120 263,120 263,120 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0%

- - - - - - - -

- - - - - - - -35.0% 35.0% 35.0% 35.0% 35.0% 35.0% 35.0% 35.0%

(0) (0) (0) (0) (0) (0) (0) (0)

0 0 0 0 0 0 0 0 **33 34**  **35 36**  **37 38**  **39 40**  2049 2050 2051 2052 2053 2054 2055 2056

159,431 $ 159,431

$ 159,431

$ 159,431

$ 159,431

$ 159,431

$ 159,431

$ 159,431

$ 159,431 $ 159,431

$ 159,431

$ 159,431

$ 159,431

$ 159,431

$ 159,431

$ 159,431

$

- - - - - - - - 159,431 159,431 159,431 159,431 159,431 159,431 159,431 159,431 0 0 0 0 0 0 0 0

159,431 $ 159,431

$ 159,431

$ 159,431

$ 159,431

$ 159,431

$ 159,431

$ 159,431

$

- - - - - - - - 159,431 159,431 159,431 159,431 159,431 159,431 159,431 159,431 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0%

- - - - - - - -

- - - - - - - - 35.0% 35.0% 35.0% 35.0% 35.0% 35.0% 35.0% 35.0% (0) (0) (0) (0) (0) (0) (0) (0)

(0) (0) (0) (0) (0) (0) (0) (0)

# Accelerated Depreciation & Deferred Tax Calculations

Line No Description

**Annual Capital Recovery Charge** SNCR Year Capital Cost Plant in Service Calculation ($000s)
1 Initial Facility Investment Unit No. 2 SNCR 14,707 $
4 Plant in Service

Book Depreciation Calculations 5 Book Depreciation 20 yrs 6 Depreciation Reserve Beg. Bal. = 0 7 Remaining Life (Yrs)

Federal Tax Depreciation and 26USC 169 Deferred Tax Calculation 8 Federal Tax Basis - Initial Investment 9 Federal Book-Tax Depreciation Formula 10 Federal Book-Tax Depreciation Reserve Beg. Bal. = 0
11 Federal 26USC 169 Tax Depreciation Schedule 5 yrs 12 Federal Tax Depreciation Formula - Plant in Service
13 Federal Deferred Tax Formula
14 Federal Tax Rate 35.0% 15 Federal Deferred Tax Reserve Formula Beg. Bal. = 0

Rate Base Calculations (including deferred tax balance) 19 Rate Base Formula Baghouse Year Capital Cost Plant in Service Calculation ($000s)
1 Initial Facility Investment Unit No. 2 Baghouse 237,780 $
4 Plant in Service

Book Depreciation Calculations 5 Book Depreciation 20 yrs 6 Depreciation Reserve Beg. Bal. = 0 7 Remaining Life (Yrs)

Federal Tax Depreciation and 26USC 169 Deferred Tax Calculation 8 Federal Tax Basis - Initial Investment 9 Federal Book-Tax Depreciation Formula 10 Federal Book-Tax Depreciation Reserve Beg. Bal. = 0
11 Federal 26USC 169 Tax Depreciation Schedule 5 yrs 12 Federal Tax Depreciation Formula - Plant in Service
13 Federal Deferred Tax Formula14 Federal Tax Rate 35.0%

15 Federal Deferred Tax Reserve Formula Beg. Bal. = 0

Rate Base Calculations (including deferred tax balance) 19 Rate Base Formula SCR Year Capital Cost Plant in Service Calculation ($000s)
1 Initial Facility Investment Unit No. 2 SCR 212,254 $
4 Plant in Service

Book Depreciation Calculations 5 Book Depreciation 20 yrs 6 Depreciation Reserve Beg. Bal. = 0 7 Remaining Life (Yrs)

Federal Tax Depreciation and 26USC 169 Deferred Tax Calculation 8 Federal Tax Basis - Initial Investment 9 Federal Book-Tax Depreciation Formula 10 Federal Book-Tax Depreciation Reserve Beg. Bal. = 0
11 Federal 26USC 169 Tax Depreciation Schedule 5 yrs 12 Federal Tax Depreciation Formula - Plant in Service
13 Federal Deferred Tax Formula
14 Federal Tax Rate 35.0% 15 Federal Deferred Tax Reserve Formula Beg. Bal. = 0

Rate Base Calculations (including deferred tax balance) 19 Rate Base Formula**1 2**  **3 4**  **5 6**  **7 8** 

**1 2**  **3 4**  **5 6**  **7 8**  **2016** 2017 2018 2019 2020 2021 2022 2023

14,707 $ 14,707

$ 14,707

$ 14,707

$ 14,707

$ 14,707

$ 14,707

$ 14,707

$ 14,707 $ 14,707

$ 14,707

$ 14,707

$ 14,707

$ 14,707

$ 14,707

$ 14,707

$

735 735 735 735 735 735 735 735 735 1,471 2,206 2,941 3,677 4,412 5,147 5,883 20 19 18 17 16 15 14 13

14,707 $ 14,707

$ 14,707

$ 14,707

$ 14,707

$ 14,707

$ 14,707

$ 14,707

$
735 735 735 735 735 735 735 735 735 1,471 2,206 2,941 3,677 4,412 5,147 5,883 20.0% 20.0% 20.0% 20.0% 20.0% 0.0% 0.0% 0.0% 2,941 2,941 2,941 2,941 2,941

- - - 772 772 772 772 772 (257) (257) (257)
35.0% 35.0% 35.0% 35.0% 35.0% 35.0% 35.0% 35.0% 772 1,544 2,316 3,088 3,860 3,603 3,346 3,088

13,199 11,692 10,184 8,677 7,169 6,692 6,214 5,736 **1 2**  **3 4**  **5 6**  **7 8**  **2015** 2016 2017 2018 2019 2020 2021 2022

237,780 $ 237,780

$ 237,780

$ 237,780

$ 237,780

$ 237,780

$ 237,780

$ 237,780

$ 237,780 $ 237,780

$ 237,780

$ 237,780

$ 237,780

$ 237,780

$ 237,780

$ 237,780

$

11,889 11,889 11,889 11,889 11,889 11,889 11,889 11,889 11,889 23,778 35,667 47,556 59,445 71,334 83,223 95,112 20 19 18 17 16 15 14 13

237,780 $ 237,780

$ 237,780

$ 237,780

$ 237,780

$ 237,780

$ 237,780

$ 237,780

$ 11,889 11,889 11,889 11,889 11,889 11,889 11,889 11,889 11,889 23,778 35,667 47,556 59,445 71,334 83,223 95,112 20.0% 20.0% 20.0% 20.0% 20.0% 0.0% 0.0% 0.0% 47,556 47,556 47,556 47,556 47,556

- - - 12,483 12,483 12,483 12,483 12,483 (4,161) (4,161) (4,161)35.0% 35.0% 35.0% 35.0% 35.0% 35.0% 35.0% 35.0%

12,483 24,967 37,450 49,934 62,417 58,256 54,095 49,934

213,407 189,035 164,663 140,290 115,918 108,190 100,462 92,734 **1 2**  **3 4**  **5 6**  **7 8**  **2016** 2017 2018 2019 2020 2021 2022 2023

212,254 $ 212,254

$ 212,254

$ 212,254

$ 212,254

$ 212,254

$ 212,254

$ 212,254

$ 212,254 $ 212,254

$ 212,254

$ 212,254

$ 212,254

$ 212,254

$ 212,254

$ 212,254

$

10,613 10,613 10,613 10,613 10,613 10,613 10,613 10,613 10,613 21,225 31,838 42,451 53,064 63,676 74,289 84,902 20 19 18 17 16 15 14 13

212,254 $ 212,254

$ 212,254

$ 212,254

$ 212,254

$ 212,254

$ 212,254

$ 212,254

$ 10,613 10,613 10,613 10,613 10,613 10,613 10,613 10,613 10,613 21,225 31,838 42,451 53,064 63,676 74,289 84,902 20.0% 20.0% 20.0% 20.0% 20.0% 0.0% 0.0% 0.0% 42,451 42,451 42,451 42,451 42,451

- - - 11,143 11,143 11,143 11,143 11,143 (3,714) (3,714) (3,714)
35.0% 35.0% 35.0% 35.0% 35.0% 35.0% 35.0% 35.0% 11,143 22,287 33,430 44,573 55,717 52,002 48,288 44,573

190,498 168,742 146,986 125,230 103,474 96,576 89,677 82,779**9 10**  **11 12**  **13 14**  **15 16** 

**9 10**  **11 12**  **13 14**  **15 16**  2024 2025 2026 2027 2028 2029 2030 2031

14,707 $ 14,707

$ 14,707

$ 14,707

$ 14,707

$ 14,707

$ 14,707

$ 14,707

$ 14,707 $ 14,707

$ 14,707

$ 14,707

$ 14,707

$ 14,707

$ 14,707

$ 14,707

$

735 735 735 735 735 735 735 735 6,618 7,353 8,089 8,824 9,559 10,295 11,030 11,765 12 11 10 9 8 7 6 5

14,707 $ 14,707

$ 14,707

$ 14,707

$ 14,707

$ 14,707

$ 14,707

$ 14,707

$
735 735 735 735 735 735 735 735 6,618 7,353 8,089 8,824 9,559 10,295 11,030 11,765 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0%

- - - - - - - - (257) (257) (257) (257) (257) (257) (257) (257)
35.0% 35.0% 35.0% 35.0% 35.0% 35.0% 35.0% 35.0% 2,831 2,574 2,316 2,059 1,802 1,544 1,287 1,029

5,258 4,780 4,302 3,824 3,346 2,868 2,390 1,912 **9 10**  **11 12**  **13 14**  **15 16**  2023 2024 2025 2026 2027 2028 2029 2030

237,780 $ 237,780

$ 237,780

$ 237,780

$ 237,780

$ 237,780

$ 237,780

$ 237,780

$ 237,780 $ 237,780

$ 237,780

$ 237,780

$ 237,780

$ 237,780

$ 237,780

$ 237,780

$

11,889 11,889 11,889 11,889 11,889 11,889 11,889 11,889 107,001 118,890 130,779 142,668 154,557 166,446 178,335 190,224 12 11 10 9 8 7 6 5

237,780 $ 237,780

$ 237,780

$ 237,780

$ 237,780

$ 237,780

$ 237,780

$ 237,780

$ 11,889 11,889 11,889 11,889 11,889 11,889 11,889 11,889 107,001 118,890 130,779 142,668 154,557 166,446 178,335 190,224 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0%

- - - - - - - - (4,161) (4,161) (4,161) (4,161) (4,161) (4,161) (4,161) (4,161)35.0% 35.0% 35.0% 35.0% 35.0% 35.0% 35.0% 35.0%

45,773 41,611 37,450 33,289 29,128 24,967 20,806 16,645

85,006 77,278 69,551 61,823 54,095 46,367 38,639 30,911 **9 10**  **11 12**  **13 14**  **15 16**  2024 2025 2026 2027 2028 2029 2030 2031

212,254 $ 212,254

$ 212,254

$ 212,254

$ 212,254

$ 212,254

$ 212,254

$ 212,254

$ 212,254 $ 212,254

$ 212,254

$ 212,254

$ 212,254

$ 212,254

$ 212,254

$ 212,254

$

10,613 10,613 10,613 10,613 10,613 10,613 10,613 10,613 95,514 106,127 116,740 127,352 137,965 148,578 159,191 169,803 12 11 10 9 8 7 6 5

212,254 $ 212,254

$ 212,254

$ 212,254

$ 212,254

$ 212,254

$ 212,254

$ 212,254

$ 10,613 10,613 10,613 10,613 10,613 10,613 10,613 10,613 95,514 106,127 116,740 127,352 137,965 148,578 159,191 169,803 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0%

- - - - - - - - (3,714) (3,714) (3,714) (3,714) (3,714) (3,714) (3,714) (3,714)
35.0% 35.0% 35.0% 35.0% 35.0% 35.0% 35.0% 35.0% 40,859 37,144 33,430 29,716 26,001 22,287 18,572 14,858

75,881 68,983 62,084 55,186 48,288 41,390 34,491 27,593**17 18**  **19 20**  **21 22**  **23 24** 

**17 18**  **19 20**  **21 22**  **23 24**  2032 2033 2034 2035 2036 2037 2038 2039

14,707 $ 14,707

$ 14,707

$ 14,707

$ 14,707

$ 14,707

$ 14,707

$ 14,707

$ 14,707 $ 14,707

$ 14,707

$ 14,707

$ 14,707

$ 14,707

$ 14,707

$ 14,707

$

735 735 735 735

- - - - 12,501 13,236 13,971 14,707 14,707 14,707 14,707 14,707 4 3 2 1 0 0 0 0

14,707 $ 14,707

$ 14,707

$ 14,707

$ 14,707

$ 14,707

$ 14,707

$ 14,707

$
735 735 735 735

- - - - 12,501 13,236 13,971 14,707 14,707 14,707 14,707 14,707 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0%

- - - - - - - - (257) (257) (257) (257)

- - - - 35.0% 35.0% 35.0% 35.0% 35.0% 35.0% 35.0% 35.0% 772 515 257 (0) (0) (0) (0) (0)

1,434 956 478 0 0 0 0 0 **17 18**  **19 20**  **21 22**  **23 24**  2031 2032 2033 2034 2035 2036 2037 2038

237,780 $ 237,780

$ 237,780

$ 237,780

$ 237,780

$ 237,780

$ 237,780

$ 237,780

$ 237,780 $ 237,780

$ 237,780

$ 237,780

$ 237,780

$ 237,780

$ 237,780

$ 237,780

$

11,889 11,889 11,889 11,889

- - - - 202,113 214,002 225,891 237,780 237,780 237,780 237,780 237,780 4 3 2 1 0 0 0 0

237,780 $ 237,780

$ 237,780

$ 237,780

$ 237,780

$ 237,780

$ 237,780

$ 237,780

$ 11,889 11,889 11,889 11,889

- - - - 202,113 214,002 225,891 237,780 237,780 237,780 237,780 237,780 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0%

- - - - - - - - (4,161) (4,161) (4,161) (4,161)

- - - -35.0% 35.0% 35.0% 35.0% 35.0% 35.0% 35.0% 35.0%

12,483 8,322 4,161 0 0 0 0 0

23,184 15,456 7,728 (0) (0) (0) (0) (0)
**17 18**  **19 20**  **21 22**  **23 24**  2032 2033 2034 2035 2036 2037 2038 2039

212,254 $ 212,254

$ 212,254

$ 212,254

$ 212,254

$ 212,254

$ 212,254

$ 212,254

$ 212,254 $ 212,254

$ 212,254

$ 212,254

$ 212,254

$ 212,254

$ 212,254

$ 212,254

$

10,613 10,613 10,613 10,613

- - - - 180,416 191,029 201,641 212,254 212,254 212,254 212,254 212,254 4 3 2 1 0 0 0 0

212,254 $ 212,254

$ 212,254

$ 212,254

$ 212,254

$ 212,254

$ 212,254

$ 212,254

$ 10,613 10,613 10,613 10,613

- - - - 180,416 191,029 201,641 212,254 212,254 212,254 212,254 212,254 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0%

- - - - - - - - (3,714) (3,714) (3,714) (3,714)

- - - - 35.0% 35.0% 35.0% 35.0% 35.0% 35.0% 35.0% 35.0% 11,143 7,429 3,714 0 0 0 0 0

20,695 13,797 6,898 0 0 0 0 0**25 26**  **27 28**  **29 30**  **31 32** 

**25 26**  **27 28**  **29 30**  **31 32**  2040 2041 2042 2043 2044 2045 2046 2047

14,707 $ 14,707

$ 14,707

$ 14,707

$ 14,707

$ 14,707

$ 14,707

$ 14,707

$ 14,707 $ 14,707

$ 14,707

$ 14,707

$ 14,707

$ 14,707

$ 14,707

$ 14,707

$

- - - - - - - - 14,707 14,707 14,707 14,707 14,707 14,707 14,707 14,707 0 0 0 0 0 0 0 0

14,707 $ 14,707

$ 14,707

$ 14,707

$ 14,707

$ 14,707

$ 14,707

$ 14,707

$

- - - - - - - - 14,707 14,707 14,707 14,707 14,707 14,707 14,707 14,707 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0%

- - - - - - - -

- - - - - - - - 35.0% 35.0% 35.0% 35.0% 35.0% 35.0% 35.0% 35.0% (0) (0) (0) (0) (0) (0) (0) (0)

0 0 0 0 0 0 0 0 **25 26**  **27 28**  **29 30**  **31 32**  2039 2040 2041 2042 2043 2044 2045 2046

237,780 $ 237,780

$ 237,780

$ 237,780

$ 237,780

$ 237,780

$ 237,780

$ 237,780

$ 237,780 $ 237,780

$ 237,780

$ 237,780

$ 237,780

$ 237,780

$ 237,780

$ 237,780

$

- - - - - - - - 237,780 237,780 237,780 237,780 237,780 237,780 237,780 237,780 0 0 0 0 0 0 0 0

237,780 $ 237,780

$ 237,780

$ 237,780

$ 237,780

$ 237,780

$ 237,780

$ 237,780

$

- - - - - - - - 237,780 237,780 237,780 237,780 237,780 237,780 237,780 237,780 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0%

- - - - - - - -

- - - - - - - -35.0% 35.0% 35.0% 35.0% 35.0% 35.0% 35.0% 35.0% 0 0 0 0 0 0 0 0

(0) (0) (0) (0) (0) (0) (0) (0) **25 26**  **27 28**  **29 30**  **31 32**  2040 2041 2042 2043 2044 2045 2046 2047

212,254 $ 212,254

$ 212,254

$ 212,254

$ 212,254

$ 212,254

$ 212,254

$ 212,254

$ 212,254 $ 212,254

$ 212,254

$ 212,254

$ 212,254

$ 212,254

$ 212,254

$ 212,254

$

- - - - - - - - 212,254 212,254 212,254 212,254 212,254 212,254 212,254 212,254 0 0 0 0 0 0 0 0

212,254 $ 212,254

$ 212,254

$ 212,254

$ 212,254

$ 212,254

$ 212,254

$ 212,254

$

- - - - - - - - 212,254 212,254 212,254 212,254 212,254 212,254 212,254 212,254 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0%

- - - - - - - -

- - - - - - - - 35.0% 35.0% 35.0% 35.0% 35.0% 35.0% 35.0% 35.0% 0 0 0 0 0 0 0 0

0 0 0 0 0 0 0 0**33 34**  **35 36**  **37 38**  **39 40** 

**33 34**  **35 36**  **37 38**  **39 40**  2048 2049 2050 2051 2052 2053 2054 2055

14,707 $ 14,707

$ 14,707

$ 14,707

$ 14,707

$ 14,707

$ 14,707

$ 14,707

$ 14,707 $ 14,707

$ 14,707

$ 14,707

$ 14,707

$ 14,707

$ 14,707

$ 14,707

$

- - - - - - - - 14,707 14,707 14,707 14,707 14,707 14,707 14,707 14,707 0 0 0 0 0 0 0 0

14,707 $ 14,707

$ 14,707

$ 14,707

$ 14,707

$ 14,707

$ 14,707

$ 14,707

$

- - - - - - - - 14,707 14,707 14,707 14,707 14,707 14,707 14,707 14,707 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0%

- - - - - - - -

- - - - - - - - 35.0% 35.0% 35.0% 35.0% 35.0% 35.0% 35.0% 35.0% (0) (0) (0) (0) (0) (0) (0) (0)

0 0 0 0 0 0 0 0 **33 34**  **35 36**  **37 38**  **39 40**  2047 2048 2049 2050 2051 2052 2053 2054

237,780 $ 237,780

$ 237,780

$ 237,780

$ 237,780

$ 237,780

$ 237,780

$ 237,780

$ 237,780 $ 237,780

$ 237,780

$ 237,780

$ 237,780

$ 237,780

$ 237,780

$ 237,780

$

- - - - - - - - 237,780 237,780 237,780 237,780 237,780 237,780 237,780 237,780 0 0 0 0 0 0 0 0

237,780 $ 237,780

$ 237,780

$ 237,780

$ 237,780

$ 237,780

$ 237,780

$ 237,780

$

- - - - - - - - 237,780 237,780 237,780 237,780 237,780 237,780 237,780 237,780 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0%

- - - - - - - -

- - - - - - - -35.0% 35.0% 35.0% 35.0% 35.0% 35.0% 35.0% 35.0% 0 0 0 0 0 0 0 0

(0) (0) (0) (0) (0) (0) (0) (0) **33 34**  **35 36**  **37 38**  **39 40**  2048 2049 2050 2051 2052 2053 2054 2055

212,254 $ 212,254

$ 212,254

$ 212,254

$ 212,254

$ 212,254

$ 212,254

$ 212,254

$ 212,254 $ 212,254

$ 212,254

$ 212,254

$ 212,254

$ 212,254

$ 212,254

$ 212,254

$

- - - - - - - - 212,254 212,254 212,254 212,254 212,254 212,254 212,254 212,254 0 0 0 0 0 0 0 0

212,254 $ 212,254

$ 212,254

$ 212,254

$ 212,254

$ 212,254

$ 212,254

$ 212,254

$

- - - - - - - - 212,254 212,254 212,254 212,254 212,254 212,254 212,254 212,254 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0%

- - - - - - - -

- - - - - - - - 35.0% 35.0% 35.0% 35.0% 35.0% 35.0% 35.0% 35.0% 0 0 0 0 0 0 0 0

0 0 0 0 0 0 0 0

# Accelerated Depreciation & Deferred Tax Calculations

Line No Description

**Annual Capital Recovery Charge** SNCR Year Capital Cost Plant in Service Calculation ($000s)
1 Initial Facility Investment Unit No. 3 SNCR 15,602 $
4 Plant in Service

Book Depreciation Calculations 5 Book Depreciation 20 yrs 6 Depreciation Reserve Beg. Bal. = 0 7 Remaining Life (Yrs)

Federal Tax Depreciation and 26USC 169 Deferred Tax Calculation 8 Federal Tax Basis - Initial Investment 9 Federal Book-Tax Depreciation Formula 10 Federal Book-Tax Depreciation Reserve Beg. Bal. = 0
11 Federal 26USC 169 Tax Depreciation Schedule 5 yrs 12 Federal Tax Depreciation Formula - Plant in Service
13 Federal Deferred Tax Formula
14 Federal Tax Rate 35.0% 15 Federal Deferred Tax Reserve Formula Beg. Bal. = 0

Rate Base Calculations (including deferred tax balance) 19 Rate Base Formula Baghouse Year Capital Cost Plant in Service Calculation ($000s)
1 Initial Facility Investment Unit No. 3 Baghouse 198,429 $
4 Plant in Service

Book Depreciation Calculations 5 Book Depreciation 20 yrs 6 Depreciation Reserve Beg. Bal. = 0 7 Remaining Life (Yrs)

Federal Tax Depreciation and 26USC 169 Deferred Tax Calculation 8 Federal Tax Basis - Initial Investment 9 Federal Book-Tax Depreciation Formula 10 Federal Book-Tax Depreciation Reserve Beg. Bal. = 0
11 Federal 26USC 169 Tax Depreciation Schedule 5 yrs 12 Federal Tax Depreciation Formula - Plant in Service
13 Federal Deferred Tax Formula14 Federal Tax Rate 35.0%

15 Federal Deferred Tax Reserve Formula Beg. Bal. = 0

Rate Base Calculations (including deferred tax balance) 19 Rate Base Formula SCR Year Capital Cost Plant in Service Calculation ($000s)
1 Initial Facility Investment Unit No. 3 SCR 203,340 $
4 Plant in Service

Book Depreciation Calculations 5 Book Depreciation 20 yrs 6 Depreciation Reserve Beg. Bal. = 0 7 Remaining Life (Yrs)

Federal Tax Depreciation and 26USC 169 Deferred Tax Calculation 8 Federal Tax Basis - Initial Investment 9 Federal Book-Tax Depreciation Formula 10 Federal Book-Tax Depreciation Reserve Beg. Bal. = 0
11 Federal 26USC 169 Tax Depreciation Schedule 5 yrs 12 Federal Tax Depreciation Formula - Plant in Service
13 Federal Deferred Tax Formula
14 Federal Tax Rate 35.0% 15 Federal Deferred Tax Reserve Formula Beg. Bal. = 0

Rate Base Calculations (including deferred tax balance) 19 Rate Base Formula**1 2**  **3 4**  **5 6**  **7 8** 

**1 2**  **3 4**  **5 6**  **7 8**  **2018** 2019 2020 2021 2022 2023 2024 2025

15,602 $ 15,602

$ 15,602

$ 15,602

$ 15,602

$ 15,602

$ 15,602

$ 15,602

$ 15,602 $ 15,602

$ 15,602

$ 15,602

$ 15,602

$ 15,602

$ 15,602

$ 15,602

$

780 780 780 780 780 780 780 780 780 1,560 2,340 3,120 3,901 4,681 5,461 6,241 20 19 18 17 16 15 14 13

15,602 $ 15,602

$ 15,602

$ 15,602

$ 15,602

$ 15,602

$ 15,602

$ 15,602

$
780 780 780 780 780 780 780 780 780 1,560 2,340 3,120 3,901 4,681 5,461 6,241 20.0% 20.0% 20.0% 20.0% 20.0% 0.0% 0.0% 0.0% 3,120 3,120 3,120 3,120 3,120

- - - 819 819 819 819 819 (273) (273) (273)
35.0% 35.0% 35.0% 35.0% 35.0% 35.0% 35.0% 35.0% 819 1,638 2,457 3,276 4,096 3,823 3,550 3,276

14,003 12,404 10,805 9,205 7,606 7,099 6,592 6,085 **1 2**  **3 4**  **5 6**  **7 8**  **2017** 2018 2019 2020 2021 2022 2023 2024

198,429 $ 198,429

$ 198,429

$ 198,429

$ 198,429

$ 198,429

$ 198,429

$ 198,429

$ 198,429 $ 198,429

$ 198,429

$ 198,429

$ 198,429

$ 198,429

$ 198,429

$ 198,429

$

9,921 9,921 9,921 9,921 9,921 9,921 9,921 9,921 9,921 19,843 29,764 39,686 49,607 59,529 69,450 79,372 20 19 18 17 16 15 14 13

198,429 $ 198,429

$ 198,429

$ 198,429

$ 198,429

$ 198,429

$ 198,429

$ 198,429

$ 9,921 9,921 9,921 9,921 9,921 9,921 9,921 9,921 9,921 19,843 29,764 39,686 49,607 59,529 69,450 79,372 20.0% 20.0% 20.0% 20.0% 20.0% 0.0% 0.0% 0.0% 39,686 39,686 39,686 39,686 39,686

- - - 10,418 10,418 10,418 10,418 10,418 (3,473) (3,473) (3,473)35.0% 35.0% 35.0% 35.0% 35.0% 35.0% 35.0% 35.0%

10,418 20,835 31,253 41,670 52,088 48,615 45,143 41,670

178,090 157,751 137,412 117,073 96,734 90,285 83,836 77,387 **1 2**  **3 4**  **5 6**  **7 8**  **2018** 2019 2020 2021 2022 2023 2024 2025

203,340 $ 203,340

$ 203,340

$ 203,340

$ 203,340

$ 203,340

$ 203,340

$ 203,340

$ 203,340 $ 203,340

$ 203,340

$ 203,340

$ 203,340

$ 203,340

$ 203,340

$ 203,340

$

10,167 10,167 10,167 10,167 10,167 10,167 10,167 10,167 10,167 20,334 30,501 40,668 50,835 61,002 71,169 81,336 20 19 18 17 16 15 14 13

203,340 $ 203,340

$ 203,340

$ 203,340

$ 203,340

$ 203,340

$ 203,340

$ 203,340

$ 10,167 10,167 10,167 10,167 10,167 10,167 10,167 10,167 10,167 20,334 30,501 40,668 50,835 61,002 71,169 81,336 20.0% 20.0% 20.0% 20.0% 20.0% 0.0% 0.0% 0.0% 40,668 40,668 40,668 40,668 40,668

- - - 10,675 10,675 10,675 10,675 10,675 (3,558) (3,558) (3,558)
35.0% 35.0% 35.0% 35.0% 35.0% 35.0% 35.0% 35.0% 10,675 21,351 32,026 42,701 53,377 49,818 46,260 42,701

182,498 161,655 140,813 119,971 99,128 92,520 85,911 79,303**9 10**  **11 12**  **13 14**  **15 16** 

**9 10**  **11 12**  **13 14**  **15 16**  2026 2027 2028 2029 2030 2031 2032 2033

15,602 $ 15,602

$ 15,602

$ 15,602

$ 15,602

$ 15,602

$ 15,602

$ 15,602

$ 15,602 $ 15,602

$ 15,602

$ 15,602

$ 15,602

$ 15,602

$ 15,602

$ 15,602

$

780 780 780 780 780 780 780 780 7,021 7,801 8,581 9,361 10,141 10,922 11,702 12,482 12 11 10 9 8 7 6 5

15,602 $ 15,602

$ 15,602

$ 15,602

$ 15,602

$ 15,602

$ 15,602

$ 15,602

$
780 780 780 780 780 780 780 780 7,021 7,801 8,581 9,361 10,141 10,922 11,702 12,482 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0%

- - - - - - - - (273) (273) (273) (273) (273) (273) (273) (273)
35.0% 35.0% 35.0% 35.0% 35.0% 35.0% 35.0% 35.0% 3,003 2,730 2,457 2,184 1,911 1,638 1,365 1,092

5,578 5,071 4,564 4,057 3,550 3,042 2,535 2,028 **9 10**  **11 12**  **13 14**  **15 16**  2025 2026 2027 2028 2029 2030 2031 2032

198,429 $ 198,429

$ 198,429

$ 198,429

$ 198,429

$ 198,429

$ 198,429

$ 198,429

$ 198,429 $ 198,429

$ 198,429

$ 198,429

$ 198,429

$ 198,429

$ 198,429

$ 198,429

$

9,921 9,921 9,921 9,921 9,921 9,921 9,921 9,921 89,293 99,215 109,136 119,057 128,979 138,900 148,822 158,743 12 11 10 9 8 7 6 5

198,429 $ 198,429

$ 198,429

$ 198,429

$ 198,429

$ 198,429

$ 198,429

$ 198,429

$ 9,921 9,921 9,921 9,921 9,921 9,921 9,921 9,921 89,293 99,215 109,136 119,057 128,979 138,900 148,822 158,743 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0%

- - - - - - - - (3,473) (3,473) (3,473) (3,473) (3,473) (3,473) (3,473) (3,473)35.0% 35.0% 35.0% 35.0% 35.0% 35.0% 35.0% 35.0%

38,198 34,725 31,253 27,780 24,308 20,835 17,363 13,890

70,938 64,489 58,041 51,592 45,143 38,694 32,245 25,796 **9 10**  **11 12**  **13 14**  **15 16**  2026 2027 2028 2029 2030 2031 2032 2033

203,340 $ 203,340

$ 203,340

$ 203,340

$ 203,340

$ 203,340

$ 203,340

$ 203,340

$ 203,340 $ 203,340

$ 203,340

$ 203,340

$ 203,340

$ 203,340

$ 203,340

$ 203,340

$

10,167 10,167 10,167 10,167 10,167 10,167 10,167 10,167 91,503 101,670 111,837 122,004 132,171 142,338 152,505 162,672 12 11 10 9 8 7 6 5

203,340 $ 203,340

$ 203,340

$ 203,340

$ 203,340

$ 203,340

$ 203,340

$ 203,340

$ 10,167 10,167 10,167 10,167 10,167 10,167 10,167 10,167 91,503 101,670 111,837 122,004 132,171 142,338 152,505 162,672 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0%

- - - - - - - - (3,558) (3,558) (3,558) (3,558) (3,558) (3,558) (3,558) (3,558)
35.0% 35.0% 35.0% 35.0% 35.0% 35.0% 35.0% 35.0% 39,143 35,584 32,026 28,468 24,909 21,351 17,792 14,234

72,694 66,085 59,477 52,868 46,260 39,651 33,043 26,434**17 18**  **19 20**  **21 22**  **23 24** 

**17 18**  **19 20**  **21 22**  **23 24**  2034 2035 2036 2037 2038 2039 2040 2041

15,602 $ 15,602

$ 15,602

$ 15,602

$ 15,602

$ 15,602

$ 15,602

$ 15,602

$ 15,602 $ 15,602

$ 15,602

$ 15,602

$ 15,602

$ 15,602

$ 15,602

$ 15,602

$

780 780 780 780

- - - - 13,262 14,042 14,822 15,602 15,602 15,602 15,602 15,602 4 3 2 1 0 0 0 0

15,602 $ 15,602

$ 15,602

$ 15,602

$ 15,602

$ 15,602

$ 15,602

$ 15,602

$
780 780 780 780

- - - - 13,262 14,042 14,822 15,602 15,602 15,602 15,602 15,602 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0%

- - - - - - - - (273) (273) (273) (273)

- - - - 35.0% 35.0% 35.0% 35.0% 35.0% 35.0% 35.0% 35.0% 819 546 273 0 0 0 0 0

1,521 1,014 507 0 0 0 0 0 **17 18**  **19 20**  **21 22**  **23 24**  2033 2034 2035 2036 2037 2038 2039 2040

198,429 $ 198,429

$ 198,429

$ 198,429

$ 198,429

$ 198,429

$ 198,429

$ 198,429

$ 198,429 $ 198,429

$ 198,429

$ 198,429

$ 198,429

$ 198,429

$ 198,429

$ 198,429

$

9,921 9,921 9,921 9,921

- - - - 168,665 178,586 188,508 198,429 198,429 198,429 198,429 198,429 4 3 2 1 0 0 0 0

198,429 $ 198,429

$ 198,429

$ 198,429

$ 198,429

$ 198,429

$ 198,429

$ 198,429

$ 9,921 9,921 9,921 9,921

- - - - 168,665 178,586 188,508 198,429 198,429 198,429 198,429 198,429 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0%

- - - - - - - - (3,473) (3,473) (3,473) (3,473)

- - - -35.0% 35.0% 35.0% 35.0% 35.0% 35.0% 35.0% 35.0%

10,418 6,945 3,473 0 0 0 0 0

19,347 12,898 6,449 0 0 0 0 0 **17 18**  **19 20**  **21 22**  **23 24**  2034 2035 2036 2037 2038 2039 2040 2041

203,340 $ 203,340

$ 203,340

$ 203,340

$ 203,340

$ 203,340

$ 203,340

$ 203,340

$ 203,340 $ 203,340

$ 203,340

$ 203,340

$ 203,340

$ 203,340

$ 203,340

$ 203,340

$

10,167 10,167 10,167 10,167

- - - - 172,839 183,006 193,173 203,340 203,340 203,340 203,340 203,340 4 3 2 1 0 0 0 0

203,340 $ 203,340

$ 203,340

$ 203,340

$ 203,340

$ 203,340

$ 203,340

$ 203,340

$ 10,167 10,167 10,167 10,167

- - - - 172,839 183,006 193,173 203,340 203,340 203,340 203,340 203,340 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0%

- - - - - - - - (3,558) (3,558) (3,558) (3,558)

- - - - 35.0% 35.0% 35.0% 35.0% 35.0% 35.0% 35.0% 35.0% 10,675 7,117 3,558 (0) (0) (0) (0) (0)

19,826 13,217 6,609 (0) (0) (0) (0) (0)**25 26**  **27 28**  **29 30**  **31 32** 

**25 26**  **27 28**  **29 30**  **31 32**  2042 2043 2044 2045 2046 2047 2048 2049

15,602 $ 15,602

$ 15,602

$ 15,602

$ 15,602

$ 15,602

$ 15,602

$ 15,602

$ 15,602 $ 15,602

$ 15,602

$ 15,602

$ 15,602

$ 15,602

$ 15,602

$ 15,602

$

- - - - - - - - 15,602 15,602 15,602 15,602 15,602 15,602 15,602 15,602 0 0 0 0 0 0 0 0

15,602 $ 15,602

$ 15,602

$ 15,602

$ 15,602

$ 15,602

$ 15,602

$ 15,602

$

- - - - - - - - 15,602 15,602 15,602 15,602 15,602 15,602 15,602 15,602 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0%

- - - - - - - -

- - - - - - - - 35.0% 35.0% 35.0% 35.0% 35.0% 35.0% 35.0% 35.0% 0 0 0 0 0 0 0 0

0 0 0 0 0 0 0 0 **25 26**  **27 28**  **29 30**  **31 32**  2041 2042 2043 2044 2045 2046 2047 2048

198,429 $ 198,429

$ 198,429

$ 198,429

$ 198,429

$ 198,429

$ 198,429

$ 198,429

$ 198,429 $ 198,429

$ 198,429

$ 198,429

$ 198,429

$ 198,429

$ 198,429

$ 198,429

$

- - - - - - - - 198,429 198,429 198,429 198,429 198,429 198,429 198,429 198,429 0 0 0 0 0 0 0 0

198,429 $ 198,429

$ 198,429

$ 198,429

$ 198,429

$ 198,429

$ 198,429

$ 198,429

$

- - - - - - - - 198,429 198,429 198,429 198,429 198,429 198,429 198,429 198,429 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0%

- - - - - - - -

- - - - - - - -35.0% 35.0% 35.0% 35.0% 35.0% 35.0% 35.0% 35.0% 0 0 0 0 0 0 0 0

0 0 0 0 0 0 0 0 **25 26**  **27 28**  **29 30**  **31 32**  2042 2043 2044 2045 2046 2047 2048 2049

203,340 $ 203,340

$ 203,340

$ 203,340

$ 203,340

$ 203,340

$ 203,340

$ 203,340

$ 203,340 $ 203,340

$ 203,340

$ 203,340

$ 203,340

$ 203,340

$ 203,340

$ 203,340

$

- - - - - - - - 203,340 203,340 203,340 203,340 203,340 203,340 203,340 203,340 0 0 0 0 0 0 0 0

203,340 $ 203,340

$ 203,340

$ 203,340

$ 203,340

$ 203,340

$ 203,340

$ 203,340

$

- - - - - - - - 203,340 203,340 203,340 203,340 203,340 203,340 203,340 203,340 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0%

- - - - - - - -

- - - - - - - - 35.0% 35.0% 35.0% 35.0% 35.0% 35.0% 35.0% 35.0% (0) (0) (0) (0) (0) (0) (0) (0)

(0) (0) (0) (0) (0) (0) (0) (0)**33 34**  **35 36**  **37 38**  **39 40** 

**33 34**  **35 36**  **37 38**  **39 40**  2050 2051 2052 2053 2054 2055 2056 2057

15,602 $ 15,602

$ 15,602

$ 15,602

$ 15,602

$ 15,602

$ 15,602

$ 15,602

$ 15,602 $ 15,602

$ 15,602

$ 15,602

$ 15,602

$ 15,602

$ 15,602

$ 15,602

$

- - - - - - - - 15,602 15,602 15,602 15,602 15,602 15,602 15,602 15,602 0 0 0 0 0 0 0 0

15,602 $ 15,602

$ 15,602

$ 15,602

$ 15,602

$ 15,602

$ 15,602

$ 15,602

$

- - - - - - - - 15,602 15,602 15,602 15,602 15,602 15,602 15,602 15,602 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0%

- - - - - - - -

- - - - - - - - 35.0% 35.0% 35.0% 35.0% 35.0% 35.0% 35.0% 35.0% 0 0 0 0 0 0 0 0

0 0 0 0 0 0 0 0 **33 34**  **35 36**  **37 38**  **39 40**  2049 2050 2051 2052 2053 2054 2055 2056

198,429 $ 198,429

$ 198,429

$ 198,429

$ 198,429

$ 198,429

$ 198,429

$ 198,429

$ 198,429 $ 198,429

$ 198,429

$ 198,429

$ 198,429

$ 198,429

$ 198,429

$ 198,429

$

- - - - - - - - 198,429 198,429 198,429 198,429 198,429 198,429 198,429 198,429 0 0 0 0 0 0 0 0

198,429 $ 198,429

$ 198,429

$ 198,429

$ 198,429

$ 198,429

$ 198,429

$ 198,429

$

- - - - - - - - 198,429 198,429 198,429 198,429 198,429 198,429 198,429 198,429 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0%

- - - - - - - -

- - - - - - - -35.0% 35.0% 35.0% 35.0% 35.0% 35.0% 35.0% 35.0% 0 0 0 0 0 0 0 0

0 0 0 0 0 0 0 0 **33 34**  **35 36**  **37 38**  **39 40**  2050 2051 2052 2053 2054 2055 2056 2057

203,340 $ 203,340

$ 203,340

$ 203,340

$ 203,340

$ 203,340

$ 203,340

$ 203,340

$ 203,340 $ 203,340

$ 203,340

$ 203,340

$ 203,340

$ 203,340

$ 203,340

$ 203,340

$

- - - - - - - - 203,340 203,340 203,340 203,340 203,340 203,340 203,340 203,340 0 0 0 0 0 0 0 0

203,340 $ 203,340

$ 203,340

$ 203,340

$ 203,340

$ 203,340

$ 203,340

$ 203,340

$

- - - - - - - - 203,340 203,340 203,340 203,340 203,340 203,340 203,340 203,340 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0%

- - - - - - - -

- - - - - - - - 35.0% 35.0% 35.0% 35.0% 35.0% 35.0% 35.0% 35.0% (0) (0) (0) (0) (0) (0) (0) (0)

(0) (0) (0) (0) (0) (0) (0) (0)**Accelerated Depreciation Deferred Tax Revenue Requirement Dollars**  **$000**

**SNCR YEAR**  **2011 2012**  **2013 2014**  **2015 2016**  **2017 2018**  **2019 2020**  **2021 2022**  **2023 2024**  **2025 2026**  **2027 2028**  **2029 2030**  **2031 2032**  **2033 2034**  **2035 2036** 

**Calculated Rate Base**

Unit No. 1 SNCR 2017

- - - - - - 13,595 12,043 10,490 8,937 7,385 6,892 6,400 5,908 5,415 4,923 4,431 3,938 3,446 2,954 2,462 1,969 1,477 985 492 (0)

Unit No. 2 SNCR 2016

- - - - - 13,199 11,692 10,184 8,677 7,169 6,692 6,214 5,736 5,258 4,780 4,302 3,824 3,346 2,868 2,390 1,912 1,434 956 478 0 0
Unit No. 3 SNCR 2018

- - - - - - - 14,003 12,404 10,805 9,205 7,606 7,099 6,592 6,085 5,578 5,071 4,564 4,057 3,550 3,042 2,535 2,028 1,521 1,014 507
Unit No. 4 SNCR 0

- - - - - - - - - - - - - - - - - - - - - - - - - - Unit No. 5 SNCR 0

- - - - - - - - - - - - - - - - - - - - - - - - - -

- - - - - 13,199 25,287 36,230 31,571 26,911 23,281 20,712 19,235 17,757 16,280 14,803 13,325 11,848 10,371 8,893 7,416 5,938 4,461 2,984 1,506 507

**S C R 2011**  **2012 2013**  **2014 2015**  **2016 2017**  **2018 2019**  **2020 2021**  **2022 2023**  **2024 2025**  **2026 2027**  **2028 2029**  **2030 2031**  **2032 2033**  **2034 2035**  **2036**

**Calculated Rate Base**

Unit No. 1 S C R 2017

- - - - - - 143,090 126,748 110,406 94,065 77,723 72,541 67,360 62,178 56,997 51,815 46,634 41,452 36,271 31,089 25,908 20,726 15,545 10,363 5,182 (0)

Unit No. 2 S C R 2016

- - - - - 190,498 168,742 146,986 125,230 103,474 96,576 89,677 82,779 75,881 68,983 62,084 55,186 48,288 41,390 34,491 27,593 20,695 13,797 6,898 0 0
Unit No. 3 S C R 2018

- - - - - - - 182,498 161,655 140,813 119,971 99,128 92,520 85,911 79,303 72,694 66,085 59,477 52,868 46,260 39,651 33,043 26,434 19,826 13,217 6,609
Unit No. 4 S C R 0

- - - - - - - - - - - - - - - - - - - - - - - - - - Unit No. 5 S C R 0

- - - - - - - - - - - - - - - - - - - - - - - - - -

- - - - - 190,498 311,832 456,232 397,291 338,351 294,269 261,347 242,659 223,970 205,282 186,594 167,905 149,217 130,529 111,840 93,152 74,464 55,775 37,087 18,399 6,609

**BAGHOUSE 2011**  **2012 2013**  **2014 2015**  **2016 2017**  **2018 2019**  **2020 2021**  **2022 2023**  **2024 2025**  **2026 2027**  **2028 2029**  **2030 2031**  **2032 2033**  **2034 2035**  **2036**

**Calculated Rate Base** Unit No. 1 Baghouse 2016

- - - 236,150 209,181 182,211 155,241 128,271 119,720 111,168 102,617 94,065 85,514 76,963 68,411 59,860 51,308 42,757 34,206 25,654 17,103 8,551 0 0 0 0 Unit No. 1 Baghouse 2015

- - - - - 213,407 189,035 164,663 140,290 115,918 108,190 100,462 92,734 85,006 77,278 69,551 61,823 54,095 46,367 38,639 30,911 23,184 15,456 7,728 (0) (0) Unit No. 1 Baghouse 2017

- - - - 178,090 157,751 137,412 117,073 96,734 90,285 83,836 77,387 70,938 64,489 58,041 51,592 45,143 38,694 32,245 25,796 19,347 12,898 6,449 0 0 0 Unit No. 1 Baghouse 0

- - - - - - - - - - - - - - - - - - - - - - - - - - Unit No. 1 Baghouse 0

- - - - - - - - - - - - - - - - - - - - - - - - - -

- - - 236,150 387,271 553,369 481,688 410,007 356,744 317,371 294,643 271,915 249,187 226,458 203,730 181,002 158,274 135,546 112,817 90,089 67,361 44,633 21,905 7,728 0 0E C/R Energy Strategies E.N. 1109 **FCPP - SCR Cost Assessment Model**

**Navajo Generating Station (NGS) Economic Assessment Model**

**Case**
**Names Description**  Year **2005 2006**  **2007 2008**  **2009 2010**  **2011 2012**  **2013 2014**  **2015 2016**  **2017 2018**  **2019 2020**  **2021 2022**  **2023 2024**  **2025** Year No. Starting 2011 NA NA NA NA NA NA 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 Year No. Starting 2016 NA NA NA NA NA NA NA NA NA NA NA 1 2 3 4 5 6 7 8 9 10 1/1/2005 1/1/2006 1/1/2007 1/1/2008 1/1/2009 1/1/2010 1/1/2011 1/1/2012 1/1/2013 1/1/2014 1/1/2015 1/1/2016 1/1/2017 1/1/2018 1/1/2019 1/1/2020 1/1/2021 1/1/2022 1/1/2023 1/1/2024 1/1/2025

**Units 25 YR NPV**  **From 2011**

a **Generation Statistics** b Gross Capacity MW 2,409 2,409 2,409 2,409 2,409 2,409 2,409 2,409 2,409 2,409 2,409 2,409 2,409 2,409 2,409 2,409 2,409 2,409 2,409 2,409 2,409

c Operating Capacity MW 2,250 2,250 2,250 2,250 2,250 2,250 2,250 2,250 2,250 2,250 2,250 2,250 2,250 2,250 2,250 2,250 2,250 2,250 2,250 2,250 2,250 d Efficiency Vs. Base Case Efficiency % 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100%

e Net Generation MWh 423,794,375 17,030,674 17,538,831 17,616,339 17,522,979 16,140,683 16,951,775 16,951,775 16,951,775 16,951,775 16,951,775 16,951,775 16,951,775 16,951,775 16,951,775 16,951,775 16,951,775 16,951,775 16,951,775 16,951,775 16,951,775 16,951,775 f Capacity Factor % 86% 89% 89% 89% 82% 88% 88% 88% 88% 88% 88% 88% 88% 88% 88% 88% 88% 88% 88% 88% 88%

**Base Case Plant as of 2011** 

1 **Capital Expense (CAPEX)**

2 **Depreciation Expense** 3 Net Plant in Service $000 1,152,918 $ 1,128,337

$ 1,084,940

$ 1,041,542

$ 998,144

$ 954,747

$ 911,349

$ 867,952

$ 824,554

$ 781,157

$ 737,759

$ 694,361

$ 650,964

$ 607,566

$ 564,169

$ 520,771

$
4 Annual Depreciation Expense $000 43,398 $ 43,398

$ 43,398

$ 43,398

$ 43,398

$ 43,398

$ 43,398

$ 43,398

$ 43,398

$ 43,398

$ 43,398

$ 43,398

$ 43,398

$ 43,398

$ 43,398

$ 43,398

$ 5 Accumulated Depreciation $000 623,899 667,296 710,694 754,091 797,489 840,887 884,284 927,682 971,079 1,014,477 1,057,874 1,101,272 1,144,670 1,188,067 1,231,465 1,274,862 6 7 **Return on Capital** 8 Debt & Equity Return $000 **901** 117,401 114,898 110,478 106,059 101,640 97,221 92,802 88,383 83,964 79,544 75,125 70,706 66,287 61,868 57,449 53,030 9 $ per MWh 6.93 6.78 6.52 6.26 6.00 5.74 5.47 5.21 4.95 4.69 4.43 4.17 3.91 3.65 3.39 3.13 10 11 **Total CAPEX** (Depreciation + Return on Capital) $000 **1,442** 160,798 158,295 153,876 149,457 145,038 140,619 136,199 131,780 127,361 122,942 118,523 114,104 109,685 105,266 100,846 96,427 12 $ per MWh 9.49 9.34 9.08 8.82 8.56 8.30 8.03 7.77 7.51 7.25 6.99 6.73 6.47 6.21 5.95 5.69

13 **Operating Expense (OPEX)**

14 **Fuel Expenses** 15 Cost Price Change (Year over Year) % 1.5% -2.5% -2.1% 0.0% 0.0% 1.1% 1.0% 1.0% 0.0% -0.5% 1.0% 1.0% 1.5% 0.5% 0.5% 0.0% 16 Fuel Expense $000 **4,231** 217,336 251,483 290,795 305,647 266,476 270,576 330,869 324,012 324,012 324,012 327,440 330,869 334,298 334,298 332,583 336,012 339,441 344,584 346,298 348,012 348,012 17 $ per MWh 12.76 14.34 16.51 17.44 16.51 15.96 19.52 19.11 19.11 19.11 19.32 19.52 19.72 19.72 19.62 19.82 20.02 20.33 20.43 20.53 20.53 18 19 **Non-Fuel Operating & Maintenance Expenses** 20 Operating Expenses 21 Op. Supervision & Engineering $000 10,025 11,620 9,497 10,727 8,644 8,903.82 10,880 11,207 11,543 11,889 12,246 12,613 12,992 13,381 13,783 14,196 14,622 15,061 15,513 15,978 16,458 22 Total Steam/Hydraulic Expense $000 8,067 9,237 11,438 12,545 12,939 13,327.61 14,637.61 15,077 15,529 15,995 16,475 16,969 17,478 18,002 18,542 19,099 19,672 20,262 20,870 21,496 22,141 23 Electric Expenses $000 901 1,653 2,664 3,128 3,740 3,852.08 3,764.29 3,877 3,994 4,113 4,237 4,364 4,495 4,630 4,768 4,912 5,059 5,211 5,367 5,528 5,694 24 Misc. Power Expenses $000 13,701 14,805 22,196 16,849 16,924 17,431.59 15,605.81 16,074 16,556 17,053 17,564 18,091 18,634 19,193 19,769 20,362 20,973 21,602 22,250 22,918 23,605 25 Rents $000 475 479 456 469 458 471.87 458.12 472 486 501 516 531 547 563 580 598 616 634 653 673 693 26 Allowances $000

- - - - - - - - - - - - - - - - - - - - - 27 Total Non-Fuel Operating Expenses $000 **767** 33,168 37,793 46,250 43,719 42,706 43,986.97 45,346 46,707 48,108 49,551 51,038 52,569 54,146 55,770 57,443 59,166 60,941 62,770 64,653 66,592 68,590 28 1.95 2.15 2.63 2.49 2.65 2.59 2.68 2.76 2.84 2.92 3.01 3.10 3.19 3.29 3.39 3.49 3.59 3.70 3.81 3.93 4.05 29 Maintenance Expenses
30 Supervision & Engineering $000 3,875 4,016 4,239 5,345 7,257 7,475 7,405 7,627 7,856 8,092 8,334 8,584 8,842 9,107 9,380 9,662 9,952 10,250 10,558 10,874 11,201 31 Structures $000 1,595 2,101 1,664 2,171 3,135 3,230 2,376 2,447 2,521 2,596 2,674 2,754 2,837 2,922 3,010 3,100 3,193 3,289 3,387 3,489 3,594
32 Boiler/Reactor/Reservoirs & Dams $000 30,741 25,723 24,939 27,725 41,809 43,063 46,925 48,332 49,782 51,276 52,814 54,399 56,031 57,711 59,443 61,226 63,063 64,955 66,903 68,910 70,978 33 Electric Plant $000 12,623 7,234 4,360 8,992 20,627 21,246 19,044 19,615 20,203 20,809 21,434 22,077 22,739 23,421 24,124 24,848 25,593 26,361 27,152 27,966 28,805
34 Misc. Plant $000 4,415 4,769 3,688 3,520 3,782 3,895 6,082 6,265 6,453 6,646 6,846 7,051 7,263 7,480 7,705 7,936 8,174 8,419 8,672 8,932 9,200
35 Total Maintenance Expenses $000 **1,384** 53,249 43,843 38,890 47,753 76,610 78,908 81,831 84,286 86,815 89,419 92,102 94,865 97,711 100,642 103,662 106,771 109,975 113,274 116,672 120,172 123,777 36 $ per MWh 3.13 2.50 2.21 2.73 4.75 4.65 4.83 4.97 5.12 5.27 5.43 5.60 5.76 5.94 6.12 6.30 6.49 6.68 6.88 7.09 7.30 37 **Production Costs** 38 CO2 cost if included

- $ **6,382** 303,753 333,119 375,934 397,119 385,792 393,471 458,047 455,005 458,934 462,982 470,580 478,303 486,154 490,710 493,688 501,950 510,357 520,627 527,623 534,777 540,380 39 Total Production $ per MWh 17.84 18.99 21.34 22.66 23.90 23.21 27.02 26.84 27.07 27.31 27.76 28.22 28.68 28.95 29.12 29.61 30.11 30.71 31.12 31.55 31.88 40 **Base Case Total Cost of Electricity**  Cost of Electricity $000 **7,915** 17.84 18.99 21.34 22.66 23.90 554,269.3 616,342 608,881 608,391 608,020 611,198 614,502 617,935 618,071 616,630 635,473 639,461 645,312 647,888 650,623 651,807 Cost of Electricity $ per MWh NA NA NA NA NA 32.70 36.36 35.92 35.89 35.87 36.06 36.25 36.45 36.46 36.38 37.49 37.72 38.07 38.22 38.38 38.45

**SNCR** 0

1 Net Generation MWh 339,035,500 17,030,674 17,538,831 17,616,339 17,522,979 16,140,683 16,951,775 16,951,775 16,951,775 16,951,775 16,951,775 16,951,775 16,951,775 16,951,775 16,951,775 16,951,775 16,951,775 16,951,775 16,951,775 16,951,775 16,951,775 16,951,775

2 Incremental Capital Expense (CAPEX)

3 Incremental Plant In Service 4 Unit 1 $000

- - - - - - **15,148** 15,148 15,148 15,148 15,148 15,148 15,148 15,148 15,148 5 Unit 2 $000

- - - - - **14,707** 14,707 14,707 14,707 14,707 14,707 14,707 14,707 14,707 14,707 6 Unit 3 $000

- - - - - - - **15,602** 15,602 15,602 15,602 15,602 15,602 15,602 15,602 7 Unit 4 $000

- - - - - - - - - - - - - - - 8 Unit 5 $000

- - - - - - - - - - - - - - - 9 Total Incremental Plant in Service $000

- - - - - 14,707 29,854 45,457 45,457 45,457 45,457 45,457 45,457 45,457 45,457 10
11 Depreciation Expense 12 Unit 1 13 Starting Book Value $000 15,148 14,390 13,633 12,876 12,118 11,361 10,603 9,846 9,089 14 Annual Depreciation Expense $000 757 757 757 757 757 757 757 757 757

Ending Book Value 14,390 13,633 12,876 12,118 11,361 10,603 9,846 9,089 8,331 15 Accumulated Depreciation $000 757 1,515 2,272 3,030 3,787 4,544 5,302 6,059 6,817 16 Unit 2 17 Starting Book Value $000 14,707 13,971 13,236 12,501 11,765 11,030 10,295 9,559 8,824 8,089 18 Annual Depreciation Expense $000 735 735 735 735 735 735 735 735 735 735

Ending Book Value 13,971 13,236 12,501 11,765 11,030 10,295 9,559 8,824 8,089 7,353 BASE

SCR Plant As Operated Through 2009 + remaining LNB

Base Case + Incremental SCR

**$Million**

2017 2016 2018

09000064811c2027 Annual Cash Flows ADepE C/R Energy Strategies E.N. 1109 **FCPP - SCR Cost Assessment Model**

19 Accumulated Depreciation $000 735 1,471 2,206 2,941 3,677 4,412 5,147 5,883 6,618 7,353 20 Unit 3 21 Starting Book Value $000 15,602 14,822 14,042 13,262 12,482 11,702 10,922 10,141 22 Annual Depreciation Expense $000 780 780 780 780 780 780 780 780

Ending Book Value 14,822 14,042 13,262 12,482 11,702 10,922 10,141 9,361 23 Accumulated Depreciation $000 780 1,560 2,340 3,120 3,901 4,681 5,461 6,241 32

- - - - - - - - - - - 33 Total Incremental Depreciation Expense

- - - - - 735 1,493 2,273 2,273 2,273 2,273 2,273 2,273 2,273 2,273 34 35 36 Return on Capital 37 Rate Base $000 **161**

- - - - - 13,199 25,287 36,230 31,571 26,911 23,281 20,712 19,235 17,757 16,280 38 Debt & Equity Return $000 **18**

- - - - - 1,475 2,826 4,049 3,528 3,008 2,602 2,315 2,150 1,984 1,819 39 40 Total Incremental CAPEX $000 **36**

- - - - - 2,210 4,319 6,322 5,801 5,280 4,875 4,588 4,422 4,257 4,092 41 $ per MWh

- - - - - 0.13 0.25 0.37 0.34 0.31 0.29 0.27 0.26 0.25 0.24

42 Incremental Operating Expense (OPEX)

43 Incremental OPEX 44 Unit 1 $000

- - - - - - 7,663 7,853 8,043 8,233 8,423 8,613 8,803 8,993 9,183 45 Unit 2 $000

- - - - - 7,473 7,663 7,853 8,043 8,233 8,423 8,613 8,803 8,993 9,183 46 Unit 3 $000

- - - - - - - 7,853 8,043 8,233 8,423 8,613 8,803 8,993 9,183 49 Total Incremental OPEX $000 **220**

- - - - - 7,473 15,327 23,560 24,130 24,700 25,270 25,840 26,410 26,980 27,550 50 Total Incremental OPEX $ per MWh 0.00 0.00 0.00 0.00 0.00 0.44 0.90 1.39 1.42 1.46 1.49 1.52 1.56 1.59 1.63 51 52 **Total Incremental Cost**
53 **Incremental CAPX + OPEX** $000 **256**

- - - - - 9,684 19,645 29,882 29,931 29,980 30,145 30,428 30,832 31,237 31,642 54 **Unit Cost: Total Incremental** $ per MWh 0.00 0.00 0.00 0.00 0.00 0.57 1.16 1.76 1.77 1.77 1.78 1.79 1.82 1.84 1.87 55 56 **SNCR Total Cost of Electricity** 

Base Case Cost + Incremental Cost $000 **8,171** $ 616,342 $ 608,881 $ 608,391 $ 608,020 $ 611,198 $ 624,186 $ 637,580 $ 647,953 $ 646,561 $ 665,453 $ 669,605 $ 675,739 $ 678,721 $ 681,861 $ 683,449
Base Case Cost + Incremental Cost $ per MWh 36.36 35.92 35.89 35.87 36.06 36.82 37.61 38.22 38.14 39.26 39.50 39.86 40.04 40.22 40.32

**SCR** Base Case + SCR

1 Net Generation MWh 339,035,500 17,030,674 17,538,831 17,616,339 17,522,979 16,140,683 16,951,775 16,951,775 16,951,775 16,951,775 16,951,775 16,951,775 16,951,775 16,951,775 16,951,775 16,951,775 16,951,775 16,951,775 16,951,775 16,951,775 16,951,775 16,951,775

2 **Incremental Capital Expense (CAPEX)**

3 **Incremental Plant In Service** 4 Unit 1 $000 0 0

**-** - - **159,431** 159,431 159,431 159,431 159,431 159,431 159,431 159,431 159,431 5 Unit 2 $000 0

**-** - - **212,254** 212,254 212,254 212,254 212,254 212,254 212,254 212,254 212,254 212,254 6 Unit 3 $000

**-** - - **-** - - **203,340** 203,340 203,340 203,340 203,340 203,340 203,340 203,340 7 Unit 4 $000

- - - - - - - - - - - 8 Unit 5 $000

- - - - - - - - - - - 9 Total Incremental Plant in Service $000

- - - - - 212,254 371,686 575,026 575,026 575,026 575,026 575,026 575,026 575,026 575,026 10
11 **Depreciation Expense** 12 Unit 1 13 Starting Book Value $000 159,431 151,460 143,488 135,517 127,545 119,574 111,602 103,630 95,659 14 Annual Depreciation Expense $000 7,972 7,972 7,972 7,972 7,972 7,972 7,972 7,972 7,972

Ending Book Value 151,460 143,488 135,517 127,545 119,574 111,602 103,630 95,659 87,687 15 Accumulated Depreciation $000 7,972 15,943 23,915 31,886 39,858 47,829 55,801 63,773 71,744 16 Unit 2 17 Starting Book Value $000 212,254 201,641 191,029 180,416 169,803 159,191 148,578 137,965 127,352 116,740 18 Annual Depreciation Expense $000 10,613 10,613 10,613 10,613 10,613 10,613 10,613 10,613 10,613 10,613

Ending Book Value 201,641 191,029 180,416 169,803 159,191 148,578 137,965 127,352 116,740 106,127 19 Accumulated Depreciation $000 10,613 21,225 31,838 42,451 53,064 63,676 74,289 84,902 95,514 106,127 20 Unit 3 21 Starting Book Value $000

- - - 203,340 193,173 183,006 172,839 162,672 152,505 142,338 132,171 22 Annual Depreciation Expense $000

- - - 10,167 10,167 10,167 10,167 10,167 10,167 10,167 10,167

Ending Book Value

- - - 193,173 183,006 172,839 162,672 152,505 142,338 132,171 122,004 23 Accumulated Depreciation $000

- - - 10,167 20,334 30,501 40,668 50,835 61,002 71,169 81,336 32 33 Total Incremental Depreciation Expense

- - - - - 10,613 18,584 28,751 28,751 28,751 28,751 28,751 28,751 28,751 28,751 34 35 36 **Return on Capital** 37 Rate Base $000 **2,038**

- - - - - 190,498 311,832 456,232 397,291 338,351 294,269 261,347 242,659 223,970 205,282 38 Capital Recovery $000 **228**

- - - - - 21,289 34,849 50,987 44,400 37,813 32,886 29,207 27,119 25,030 22,942 39 40 **Total Incremental CAPEX** $000 **439**

- - - - - 31,902 53,434 79,738 73,151 66,564 61,638 57,958 55,870 53,781 51,693 41 $ per MWh

- - - - - 1.88 3.15 4.70 4.32 3.93 3.64 3.42 3.30 3.17 3.05

42 **Incremental Operating Expense (OPEX)**

43 **Incremental OPEX** 44 Unit 1 $000

- - - - - - - 4,699 4,818 4,938 5,057 5,177 5,296 5,416 5,535 5,654 45 Unit 2 $000

- - - - - - 4,579 4,699 4,818 4,938 5,057 5,177 5,296 5,416 5,535 5,654 46 Unit 3 $000

- - - - - - - - 4,818 4,938 5,057 5,177 5,296 5,416 5,535 5,654 49 Total Incremental OPEX $000 **135**

- - - - - - 4,579 9,398 14,455 14,813 15,171 15,530 15,888 16,247 16,605 16,963 50 Total Incremental OPEX $ per MWh 0.00 0.00 0.00 0.00 0.00 0.00 0.27 0.55 0.85 0.87 0.89 0.92 0.94 0.96 0.98 1.00 51 52 **Total Incremental Cost**
53 **Incremental CAPX + OPEX** $000 **574**

- - - - - 36,481 62,831 94,193 87,964 81,736 77,168 73,847 72,117 70,386 68,656 54 **Unit Cost: Total Incremental** $ per MWh 0.00 0.00 0.00 0.00 0.00 2.15 3.71 5.56 5.19 4.82 4.55 4.36 4.25 4.15 4.05 55 56 **SCR Case Total Cost of Electricity**  $ 608,881 $ 608,391 $ 608,020 $ 611,198 $ 653,415 $ 686,269 $ 722,277 $ 717,981 $ 733,969 $ 735,102 $ 738,099 $ 737,820 $ 737,701 $ 736,030
Base Case Cost + Incremental Costs $000 **8,489** $ 616,342 $ 608,881 $ 608,391 $ 608,020 $ 611,198 $ 650,984 $ 680,766 $ 712,264 $ 704,594 $ 717,209 $ 716,628 $ 719,159 $ 720,005 $ 721,010 $ 720,463 Base Case Cost + Incremental Cost $ per MWh 36.36 35.92 35.89 35.87 36.06 38.40 40.16 42.02 41.56 42.31 42.27 42.42 42.47 42.53 42.50 2017 2016 2018

2017

2018 2016 2018 #REF! #REF!

2017 2016

09000064811c2027 Annual Cash Flows ADepE C/R Energy Strategies E.N. 1109 **FCPP - SCR Cost Assessment Model**

**Case Comparisons**

**Base Case NPV**  **7,915 Undiscounted**  **16,126 $ per MWh**  38.05 **SNCR NPV**  **8,171 Undiscounted**  **16,739 $ per MWh**  39.50 **SCR NPV**  **8,489** Market Prices in 2018 for Full Shutdown. BAU Cost Until Then
**Undiscounted 17,362**  Market Price in Use During Phased Shutdown Scenarios (Below) **$ per MWh** 40.97 **MARKET Cases NPV**  **8,334** Low Trend

- $

-

$

-

$

-

$ 40.16

$ 40.16

$ 40.16

$ 40.16

$ 40.93

$ 41.71

$ 41.71

$ 42.51

$ 42.51

$ 44.11

$
**Undiscounted 17,694**  616,342 608,881 608,391 608,020 611,198 614,502 617,935 680,822 680,822 693,915 707,008 707,008 720,604 720,604 747,797 **$ per MWh** 41.75 36.36 $ 35.92

$ 35.89

$ 35.87

$ 36.06

$ 36.25

$ 36.45

$ 40.16

$ 40.16

$ 40.93

$ 41.71

$ 41.71

$ 42.51

$ 42.51

$ 44.11

$

**NPV 8,582**  Mid Trend

- $

-

$

-

$

-

$ 40.16

$ 40.16

$ 40.16

$ 40.93

$ 41.71

$ 42.48

$ 43.25

$ 44.80

$ 45.57

$ 46.34

$
**Undiscounted 18,491**  616,342 608,881 608,391 608,020 611,198 614,502 617,935 680,822 693,915 707,008 720,101 733,193 759,379 772,471 785,564 **$ per MWh** 43.63 36.36 $ 35.92

$ 35.89

$ 35.87

$ 36.06

$ 36.25

$ 36.45

$ 40.16

$ 40.93

$ 41.71

$ 42.48

$ 43.25

$ 44.80

$ 45.57

$ 46.34

$

**NPV 8,663**  High Trend

- $

-

$

-

$

-

$ 40.16

$ 40.89

$ 40.89

$ 41.62

$ 42.35

$ 43.08

$ 43.81

$ 44.80

$ 45.57

$ 47.04

$
**Undiscounted 18,739**  616,342 608,881 608,391 608,020 611,198 614,502 617,935 693,201 705,579 717,958 730,337 742,715 759,379 772,471 797,390 **$ per MWh** 44.22 36.36 $ 35.92

$ 35.89

$ 35.87

$ 36.06

$ 36.25

$ 36.45

$ 40.89

$ 41.62

$ 42.35

$ 43.08

$ 43.81

$ 44.80

$ 45.57

$ 47.04

$

09000064811c2027 Annual Cash Flows ADepE C/R Energy Strategies E.N. 1109 **FCPP - SCR Cost Assessment Model**

**Navajo Generating Station (NGS) Economic Assessment Model**

**Case**
**Names Description** 

a **Generation Statistics** b Gross Capacity

c Operating Capacity d Efficiency Vs. Base Case Efficiency

e Net Generation f Capacity Factor

**Base Case Plant as of 2011** 

1 **Capital Expense (CAPEX)**

2 **Depreciation Expense** 3 Net Plant in Service 4 Annual Depreciation Expense 5 Accumulated Depreciation 6 7 **Return on Capital** 8 Debt & Equity Return 9 10 11 **Total CAPEX** (Depreciation + Return on Capital) 12

13 **Operating Expense (OPEX)**

14 **Fuel Expenses** 15 Cost Price Change (Year over Year) 16 Fuel Expense 17 18 19 **Non-Fuel Operating & Maintenance Expenses** 20 Operating Expenses 21 Op. Supervision & Engineering 22 Total Steam/Hydraulic Expense 23 Electric Expenses 24 Misc. Power Expenses 25 Rents 26 Allowances
27 Total Non-Fuel Operating Expenses 28 29 Maintenance Expenses
30 Supervision & Engineering
31 Structures
32 Boiler/Reactor/Reservoirs & Dams
33 Electric Plant
34 Misc. Plant

35 Total Maintenance Expenses 36 37 **Production Costs** 38 CO2 cost if included 39 Total Production 40 **Base Case Total Cost of Electricity**  Cost of Electricity Cost of Electricity

**SNCR** 0

1 Net Generation

2 Incremental Capital Expense (CAPEX)

3 Incremental Plant In Service 4 Unit 1 5 Unit 2 6 Unit 3 7 Unit 4 8 Unit 5
9 Total Incremental Plant in Service 10
11 Depreciation Expense 12 Unit 1 13 Starting Book Value 14 Annual Depreciation Expense

Ending Book Value 15 Accumulated Depreciation 16 Unit 2 17 Starting Book Value 18 Annual Depreciation Expense

Ending Book Value BASE

SCR Plant As Operated Through 2009 + remaining LNB

Base Case + Incremental SCR

2017 2016 2018 **2026 2027**  **2028 2029**  **2030 2031**  **2032 2033**  **2034 2035**  16 17 18 19 20 21 22 23 24 25 11 12 13 14 15 16 17 18 19 20 1/1/2026 1/1/2027 1/1/2028 1/1/2029 1/1/2030 1/1/2031 1/1/2032 1/1/2033 1/1/2034 1/1/2035

2,409 2,409 2,409 2,409 2,409 2,409 2,409 2,409 2,409 2,409 2,250 2,250 2,250 2,250 2,250 2,250 2,250 2,250 2,250 2,250 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 16,951,775 16,951,775 16,951,775 16,951,775 16,951,775 16,951,775 16,951,775 16,951,775 16,951,775 16,951,775 88% 88% 88% 88% 88% 88% 88% 88% 88% 88%

477,373 $ 433,978

$ 390,578

$ 347,181

$ 303,783

$ 260,386

$ 216,988

$ 173,590

$ 130,193

$ 86,795

$ 43,398 $ 43,398

$ 43,398

$ 43,398

$ 43,398

$ 43,398

$ 43,398

$ 43,398

$ 43,398

$ 43,398

$ 1,318,260 1,361,658 1,405,055 1,448,453 1,491,850 1,535,248 1,578,645 1,622,043 1,665,441 1,708,838

48,611 44,192 39,772 35,353 30,934 26,515 22,096 17,677 13,257 8,838 2.87 2.61 2.35 2.09 1.82 1.56 1.30 1.04 0.78 0.52

92,008 87,589 83,170 78,751 74,332 69,912 65,493 61,074 56,655 52,236 5.43 5.17 4.91 4.65 4.38 4.12 3.86 3.60 3.34 3.08

0.0% 0.5% 1.5% 1.4% 0.5% 0.5% 0.0% 0.0% 0.0% 0.5% 348,012 349,727 354,870 360,013 361,727 363,442 363,442 363,442 363,442 365,156 20.53 20.63 20.93 21.24 21.34 21.44 21.44 21.44 21.44 21.54

16,951 17,460 17,984 18,523 19,079 19,651 20,241 20,848 21,473 22,118 22,805 23,489 24,194 24,920 25,667 26,437 27,230 28,047 28,889 29,755 5,865 6,041 6,222 6,408 6,601 6,799 7,003 7,213 7,429 7,652 24,313 25,043 25,794 26,568 27,365 28,186 29,031 29,902 30,799 31,723 714 735 757 780 803 827 852 878 904 931

- - - - - - - - - - 70,648 72,767 74,950 77,199 79,515 81,900 84,357 86,888 89,495 92,179 4.17 4.29 4.42 4.55 4.69 4.83 4.98 5.13 5.28 5.44

11,537 11,883 12,239 12,606 12,984 13,374 13,775 14,188 14,614 15,053 3,702 3,813 3,927 4,045 4,166 4,291 4,420 4,553 4,689 4,830 73,107 75,300 77,559 79,886 82,283 84,751 87,294 89,913 92,610 95,388 29,669 30,559 31,476 32,420 33,393 34,395 35,427 36,490 37,584 38,712 9,476 9,760 10,053 10,355 10,665 10,985 11,315 11,654 12,004 12,364 127,491 131,315 135,255 139,313 143,492 147,797 152,231 156,797 161,501 166,346 7.52 7.75 7.98 8.22 8.46 8.72 8.98 9.25 9.53 9.81

546,151 553,810 565,075 576,524 584,734 593,138 600,029 607,127 614,438 623,682 32.22 32.67 33.33 34.01 34.49 34.99 35.40 35.81 36.25 36.79

653,159 656,399 663,245 670,275 674,065 678,051 680,523 683,201 686,093 690,918 38.53 38.72 39.13 39.54 39.76 40.00 40.14 40.30 40.47 40.76

16,951,775 16,951,775 16,951,775 16,951,775 16,951,775 16,951,775 16,951,775 16,951,775 16,951,775 16,951,775

15,148 15,148 15,148 15,148 15,148 15,148 15,148 15,148 15,148 15,148 14,707 14,707 14,707 14,707 14,707 14,707 14,707 14,707 14,707 14,707 15,602 15,602 15,602 15,602 15,602 15,602 15,602 15,602 15,602 15,602

- - - - - - - - - -

- - - - - - - - - - 45,457 45,457 45,457 45,457 45,457 45,457 45,457 45,457 45,457 45,457

8,331 7,574 6,817 6,059 5,302 4,544 3,787 3,030 2,272 1,515 757 757 757 757 757 757 757 757 757 757 7,574 6,817 6,059 5,302 4,544 3,787 3,030 2,272 1,515 757 7,574 8,331 9,089 9,846 10,603 11,361 12,118 12,876 13,633 14,390

7,353 6,618 5,883 5,147 4,412 3,677 2,941 2,206 1,471 735 735 735 735 735 735 735 735 735 735 735 6,618 5,883 5,147 4,412 3,677 2,941 2,206 1,471 735 0

09000064811c2027 Annual Cash Flows ADepE C/R Energy Strategies E.N. 1109 **FCPP - SCR Cost Assessment Model**

19 Accumulated Depreciation 20 Unit 3 21 Starting Book Value 22 Annual Depreciation Expense

Ending Book Value 23 Accumulated Depreciation 32 33 Total Incremental Depreciation Expense 34 35 36 Return on Capital 37 Rate Base 38 Debt & Equity Return 39 40 Total Incremental CAPEX 41

42 Incremental Operating Expense (OPEX)

43 Incremental OPEX 44 Unit 1 45 Unit 2 46 Unit 3 49 Total Incremental OPEX 50 Total Incremental OPEX 51 52 **Total Incremental Cost**
53 **Incremental CAPX + OPEX** 54 **Unit Cost: Total Incremental** 55 56 **SNCR Total Cost of Electricity** 

Base Case Cost + Incremental Cost Base Case Cost + Incremental Cost

**SCR** Base Case + SCR

1 Net Generation

2 **Incremental Capital Expense (CAPEX)**

3 **Incremental Plant In Service** 4 Unit 1 5 Unit 2 6 Unit 3 7 Unit 4 8 Unit 5
9 Total Incremental Plant in Service 10
11 **Depreciation Expense** 12 Unit 1 13 Starting Book Value 14 Annual Depreciation Expense

Ending Book Value 15 Accumulated Depreciation 16 Unit 2 17 Starting Book Value 18 Annual Depreciation Expense

Ending Book Value 19 Accumulated Depreciation 20 Unit 3 21 Starting Book Value 22 Annual Depreciation Expense

Ending Book Value 23 Accumulated Depreciation 32 33 Total Incremental Depreciation Expense 34 35 36 **Return on Capital** 37 Rate Base 38 Capital Recovery 39 40 **Total Incremental CAPEX** 41

42 **Incremental Operating Expense (OPEX)**

43 **Incremental OPEX** 44 Unit 1 45 Unit 2 46 Unit 3 49 Total Incremental OPEX 50 Total Incremental OPEX 51 52 **Total Incremental Cost**
53 **Incremental CAPX + OPEX** 54 **Unit Cost: Total Incremental** 55 56 **SCR Case Total Cost of Electricity** 
Base Case Cost + Incremental Costs Base Case Cost + Incremental Cost 2017 2016 2018

2017

2018 2016 2018 #REF! #REF!

2017 2016 8,089 8,824 9,559 10,295 11,030 11,765 12,501 13,236 13,971 14,707

9,361 8,581 7,801 7,021 6,241 5,461 4,681 3,901 3,120 2,340 780 780 780 780 780 780 780 780 780 780 8,581 7,801 7,021 6,241 5,461 4,681 3,901 3,120 2,340 1,560 7,021 7,801 7,801 8,581 9,361 10,141 10,922 11,702 12,482 13,262

- - - - - - - - - - 2,273 2,273 2,273 2,273 2,273 2,273 2,273 2,273 2,273 2,273

14,803 13,325 11,848 10,371 8,893 7,416 5,938 4,461 2,984 1,506 1,654 1,489 1,324 1,159 994 829 664 499 333 168

3,927 3,762 3,597 3,432 3,267 3,102 2,937 2,771 2,606 2,441 0.23 0.22 0.21 0.20 0.19 0.18 0.17 0.16 0.15 0.14

9,373 9,563 9,753 9,943 10,133 10,323 10,513 10,703 10,893 11,083 9,373 9,563 9,753 9,943 10,133 10,323 10,513 10,703 10,893 11,083 9,373 9,563 9,753 9,943 10,133 10,323 10,513 10,703 10,893 11,083 28,120 28,690 29,260 29,830 30,400 30,970 31,540 32,110 32,680 33,250 1.66 1.69 1.73 1.76 1.79 1.83 1.86 1.89 1.93 1.96

32,047 32,452 32,857 33,262 33,667 34,072 34,477 34,881 35,286 35,691 1.89 1.91 1.94 1.96 1.99 2.01 2.03 2.06 2.08 2.11

$ 685,206 $ 688,851 $ 696,102 $ 703,537 $ 707,732 $ 712,122 $ 714,999 $ 718,083 $ 721,379 $ 726,609
40.42 40.64 41.06 41.50 41.75 42.01 42.18 42.36 42.55 42.86

16,951,775 16,951,775 16,951,775 16,951,775 16,951,775 16,951,775 16,951,775 16,951,775 16,951,775 16,951,775

159,431 159,431 159,431 159,431 159,431 159,431 159,431 159,431 159,431 159,431 212,254 212,254 212,254 212,254 212,254 212,254 212,254 212,254 212,254 212,254 203,340 203,340 203,340 203,340 203,340 203,340 203,340 203,340 203,340 203,340

- - - - - - - - - -

- - - - - - - - - - 575,026 575,026 575,026 575,026 575,026 575,026 575,026 575,026 575,026 575,026

87,687 79,716 71,744 63,773 55,801 47,829 39,858 31,886 23,915 15,943 7,972 7,972 7,972 7,972 7,972 7,972 7,972 7,972 7,972 7,972 79,716 71,744 63,773 55,801 47,829 39,858 31,886 23,915 15,943 7,972 79,716 87,687 95,659 103,630 111,602 119,574 127,545 135,517 143,488 151,460

106,127 95,514 84,902 74,289 63,676 53,064 42,451 31,838 21,225 10,613 10,613 10,613 10,613 10,613 10,613 10,613 10,613 10,613 10,613 10,613 95,514 84,902 74,289 63,676 53,064 42,451 31,838 21,225 10,613 0 116,740 127,352 137,965 148,578 159,191 169,803 180,416 191,029 201,641 212,254

122,004 111,837 101,670 101,670 101,670 101,670 101,670 101,670 101,670 101,670 10,167 10,167

- - - - - - - - 111,837 101,670 101,670 101,670 101,670 101,670 101,670 101,670 101,670 101,670 91,503 101,670 101,670 101,670 101,670 101,670 101,670 101,670 101,670 101,670

28,751 28,751 18,584 18,584 18,584 18,584 18,584 18,584 18,584 18,584

186,594 167,905 149,217 130,529 111,840 93,152 74,464 55,775 37,087 18,399 20,853 18,765 16,676 14,587 12,499 10,410 8,322 6,233 4,145 2,056

49,604 47,516 35,260 33,172 31,083 28,995 26,906 24,818 22,729 20,640 2.93 2.80 2.08 1.96 1.83 1.71 1.59 1.46 1.34 1.22

5,774 5,893 6,013 6,132 6,252 6,371 6,491 6,610 6,730 6,849 5,774 5,893 6,013 6,132 6,252 6,371 6,491 6,610 6,730 6,849 5,774 5,893 6,013 6,132 6,252 6,371 6,491 6,610 6,730 6,849 17,322 17,680 18,038 18,397 18,755 19,114 19,472 19,830 20,189 20,547 1.02 1.04 1.06 1.09 1.11 1.13 1.15 1.17 1.19 1.21

66,926 65,196 53,299 51,569 49,838 48,108 46,378 44,648 42,918 41,188 3.95 3.85 3.14 3.04 2.94 2.84 2.74 2.63 2.53 2.43

$ 734,527 $ 734,910 $ 738,905 $ 743,078 $ 744,014 $ 745,145 $ 744,762 $ 744,586 $ 744,622 $ 746,593 $ 720,085 $ 721,595 $ 716,544 $ 721,843 $ 723,904 $ 726,159 $ 726,901 $ 727,849 $ 729,010 $ 732,105
42.48 42.57 42.27 42.58 42.70 42.84 42.88 42.94 43.00 43.19

09000064811c2027 Annual Cash Flows ADepE C/R Energy Strategies E.N. 1109 **FCPP - SCR Cost Assessment Model**

**Case Comparisons**

**Base Case**

**SNCR**

**SCR**

**MARKET Cases** 44.92

$ 44.92

$ 44.92

$ 44.92

$ 45.72

$ 45.72

$ 45.72

$ 46.52

$ 46.52

$ 47.32

$
761,393 761,393 761,393 761,393 774,989 774,989 774,989 788,586 788,586 802,182

44.92 $ 44.92

$ 44.92

$ 44.92

$ 45.72

$ 45.72

$ 45.72

$ 46.52

$ 46.52

$ 47.32

$

47.11 $ 47.89

$ 48.66

$ 48.66

$ 49.43

$ 49.43

$ 50.20

$ 50.20

$ 50.20

$ 50.98

$
798,657 811,750 824,842 824,842 837,935 837,935 851,028 851,028 851,028 864,121

47.11 $ 47.89

$ 48.66

$ 48.66

$ 49.43

$ 49.43

$ 50.20

$ 50.20

$ 50.20

$ 50.98

$

47.77 $ 48.51

$ 49.24

$ 49.98

$ 49.98

$ 50.71

$ 51.45

$ 52.18

$ 52.18

$ 51.45

$
809,849 822,308 834,768 847,227 847,227 859,686 872,145 884,604 884,604 872,145

47.77 $ 48.51

$ 49.24

$ 49.98

$ 49.98

$ 50.71

$ 51.45

$ 52.18

$ 52.18

$ 51.45

$

09000064811c2027 Annual Cash Flows ADepE C/R

Energy Strategies E.N. 1109 **FCPP ASSESSMENT MODEL SUMMARY REPORT** Exhibit 1

**Units	1,2,3,**

**BAU SNCR	on	1,2,3,**  **SCR	on	1,2,3, Market**  **Low	Trend Market** 

**Mid	Trend Market** 

**High	Trend**

7,915 $ 8,171 $ 8,489

$ 8,439

$ 8,717

$ 8,806

$

$																					256 $																									574 $																									524 $																									802 $																									891

**%** 3% 7% 7% 10% 11%

38.05 $ 39.50 $ 40.97

$ 41.97

$ 44.01

$ 44.61

$

**Incremental	to	BAU 1.44** 

**$ 2.92** 

**$ 3.92** 

**$ 5.96** 

**$ 6.56** 

**$** Per	MWh	Costs **(25	year	non-discounted	$	cost	/	25	year	MWh)** 

### NGS	-	Summary	Cost	Comparisons (2011-2035)	Accelerated	Depreciation

NPV	25	Year	Cost	by	Case	($Million)

Difference	in	Cost	for	Case **vs.	BAU** Case ($Million) **Units	Modeled	with	SCR	>>**

$- $2,000 $4,000 $6,000 $8,000 $10,000 $12,000

BAU SNCR	on	1,2,3, SC R	on	1,2,3, Market Low	Trend Market

Mid	Trend Market

High	Trend $7,915 $8,171 $8,489 $8,439 $8,717 $8,806 **25	Y ear	Cost	of	Power	by	Case** 

**- Accelerated	Depreciation** 

**2011**

**- 2035**  **NPV	($Million)**

$- $500.00 $1,000.00 $1,500.00 $2,000.00 $2,500.00 $3,000.00 $3,500.00 $4,000.00

BAU SNCR	on	1,2,3, SCR	on	1,2,3, Market Low	Trend Market

Mid	Trend Market

High	Trend $256 $574 $524 $802 $891 **25	Y r	Cost	Incremental	to	BAU** 

**- Accelerated	Depreciation** 

**2011**

**- 2035**  **NPV	($Million)**

09000064811c2027 Summary Accel DepE C/R

Energy Strategies E.N. 1109 

### FCPP ASSESSMENT MODEL SUMMARY REPORT Exhibit 1



### Straight-line **Accelerated Difference** 

8,613 $ 8,489 $ 124 $ 

### NGS	Full	Plant	-	Cash	Flow	Comparison	(25	Yr	NPV) Under	Different	Depreciation	Methodology

$8,613 $8,489

$- $1,000 $2,000 $3,000 $4,000 $5,000 $6,000 $7,000 $8,000 $9,000 $10,000

Straight-line Accelerated 

### SCR: 25 Yr NPV Under Straight Line & Accelerated

**Depreciation ($Million)**

09000064811c2027 Summary Dprec CompsE C/R Energy Strategies E.N. 1109 **FCPP - SCR Cost Assessment Model**

**DWP to IOU Navajo Generating Station (NGS) Economic Assessment Model** 
**Case Names Description** 

Year **2009 2010**  **2011 2012**  **2013 2014**  **2015 2016**  **2017 2018**  **2019 2020**  **2021 2022**  **2023 2024**  **2025 2026**  **2027 2028**  **2029** Year No. Starting 2012 NA NA 0 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 NA NA 1/1/2009 1/1/2010 1/1/2011 1/1/2012 1/1/2013 1/1/2014 1/1/2015 1/1/2016 1/1/2017 1/1/2018 1/1/2019 1/1/2020 1/1/2021 1/1/2022 1/1/2023 1/1/2024 1/1/2025 1/1/2026 1/1/2027 1/1/2028 1/1/2029

**Units 25 YR NPV** 

**From 2012**

a **Generation Statistics** b Gross Capacity MW 2,409 2,409 2,409 2,409 2,409 2,409 2,409 2,409 2,409 2,409 2,409 2,409 2,409 2,409 2,409 2,409 2,409 2,409 2,409 2,409 2,409

c Operating Capacity MW 2,250 2,250 2,250 2,250 2,250 2,250 2,250 2,250 2,250 2,250 2,250 2,250 2,250 2,250 2,250 2,250 2,250 2,250 2,250 2,250 2,250 d Efficiency Vs. Base Case Efficiency % 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100%

e Net Generation MWh 423,794,375 16,140,683 16,429,593 16,951,775 16,951,775 16,951,775 16,951,775 16,951,775 16,951,775 16,951,775 16,951,775 16,951,775 16,951,775 16,951,775 16,951,775 16,951,775 16,951,775 16,951,775 16,951,775 16,951,775 16,951,775 16,951,775 f Capacity Factor % 82% 83% 86% 86% 86% 86% 86% 86% 86% 86% 86% 86% 86% 86% 86% 86% 86% 86% 86% 86% 86%

**Base Case Plant as of 2011** 

1 **Capital Expense (CAPEX)**

2 **Depreciation Expense** 3 Net Plant in Service $000 1,152,918 $ 1,128,337

$ 1,084,940

$ 1,041,542

$ 998,144

$ 954,747

$ 911,349

$ 867,952

$ 824,554

$ 781,157

$ 737,759

$ 694,361

$ 650,964

$ 607,566

$ 564,169

$ 520,771

$ 477,373

$ 433,978

$ 390,578

$ 347,181

$
4 Annual Depreciation Expense $000 43,398 $ 43,398

$ 43,398

$ 43,398

$ 43,398

$ 43,398

$ 43,398

$ 43,398

$ 43,398

$ 43,398

$ 43,398

$ 43,398

$ 43,398

$ 43,398

$ 43,398

$ 43,398

$ 43,398

$ 43,396

$ 43,400

$ 43,398

$ 5 Accumulated Depreciation $000 623,899 667,296 $ 710,694 754,091 797,489 840,887 884,284 927,682 971,079 1,014,477 1,057,874 1,101,272 1,144,670 1,188,067 1,231,465 1,274,862 1,318,260 1,361,656 1,405,055 1,448,453 6 7 **Return on Capital** 8 Capital Recovery $000 **901** 117,401 114,898 110,478 106,059 101,640 97,221 92,802 88,383 83,964 79,544 75,125 70,706 66,287 61,868 57,449 53,030 48,611 44,192 39,772 35,353 9 $ per MWh 6.78 6.52 6.26 6.00 5.74 5.47 5.21 4.95 4.69 4.43 4.17 3.91 3.65 3.39 3.13 2.87 2.61 2.35 2.09 10 11 **Total CAPEX** (Depreciation + Return on Capital) $000 **1,442** 160,798 158,295 153,876 149,457 145,038 140,619 136,199 131,780 127,361 122,942 118,523 114,104 109,685 105,266 100,846 96,427 92,008 87,587 83,172 78,751 12 $ per MWh 9.79 9.34 9.08 8.82 8.56 8.30 8.03 7.77 7.51 7.25 6.99 6.73 6.47 6.21 5.95 5.69 5.43 5.17 4.91 4.65

13 **Operating Expense (OPEX)**

14 **Fuel Expenses** 15 Cost Price Change (Year over Year) % 1.5% -2.5% -2.1% 0.0% 0.0% 1.1% 1.0% 1.0% 0.0% -0.5% 1.0% 1.0% 1.5% 0.5% 0.5% 0.0% 0.0% 0.5% 1.5% 1.4% 16 Fuel Expense $000 **4,231** 266,476 292,409 330,869 324,012 324,012 324,012 327,440 330,869 334,298 334,298 332,583 336,012 339,441 344,584 346,298 348,012 348,012 348,012 349,727 354,870 360,013 17 $ per MWh 16.51 17.80 19.52 19.11 19.11 19.11 19.32 19.52 19.72 19.72 19.62 19.82 20.02 20.33 20.43 20.53 20.53 20.53 20.63 20.93 21.24 18 3,429 336,012 19 **Non-Fuel Operating & Maintenance Expenses** 20,058 352,641 20 Operating Expenses 21 Op. Supervision & Engineering $000 8,644 10,852 10,880 11,207 11,543 11,889 12,246 12,613 12,992 13,381 13,783 14,196 14,622 15,061 15,513 15,978 16,458 16,951 17,460 17,984 18,523 22 Total Steam/Hydraulic Expense $000 12,939 12,706 14,638 15,077 15,529 15,995 16,475 16,969 17,478 18,002 18,542 19,099 19,672 20,262 20,870 21,496 22,141 22,805 23,489 24,194 24,920 23 Electric Expenses $000 3,740 3,668 3,764 3,877 3,994 4,113 4,237 4,364 4,495 4,630 4,768 4,912 5,059 5,211 5,367 5,528 5,694 5,865 6,041 6,222 6,408 24 Misc. Power Expenses $000 16,924 14,718 15,606 16,074 16,556 17,053 17,564 18,091 18,634 19,193 19,769 20,362 20,973 21,602 22,250 22,918 23,605 24,313 25,043 25,794 26,568 25 Rents $000 458 458 458 472 486 501 516 531 547 563 580 598 616 634 653 673 693 714 735 757 780 26 Allowances $000

- - - - - - - - - - - - - - - - - - - - - 27 Total Non-Fuel Operating Expenses $000 **767** 42,706 42,403 45,346 46,707 48,108 49,551 51,038 52,569 54,146 55,770 57,443 59,166 60,941 62,770 64,653 66,592 68,590 70,648 72,767 74,950 77,199 28 2.65 2.58 2.68 2.76 2.84 2.92 3.01 3.10 3.19 3.29 3.39 3.49 3.59 3.70 3.81 3.93 4.05 4.17 4.29 4.42 4.55 29 Maintenance Expenses
30 Supervision & Engineering $000 7,257 7,984 7,405 7,627 7,856 8,092 8,334 8,584 8,842 9,107 9,380 9,662 9,952 10,250 10,558 10,874 11,201 11,537 11,883 12,239 12,606 31 Structures $000 3,135 3,039 2,376 2,447 2,521 2,596 2,674 2,754 2,837 2,922 3,010 3,100 3,193 3,289 3,387 3,489 3,594 3,702 3,813 3,927 4,045
32 Boiler/Reactor/Reservoirs & Dams $000 41,809 36,127 46,925 48,332 49,782 51,276 52,814 54,399 56,031 57,711 59,443 61,226 63,063 64,955 66,903 68,910 70,978 73,107 75,300 77,559 79,886 33 Electric Plant $000 20,627 16,470 19,044 19,615 20,203 20,809 21,434 22,077 22,739 23,421 24,124 24,848 25,593 26,361 27,152 27,966 28,805 29,669 30,559 31,476 32,420 34 Misc. Plant $000 3,782 3,325 6,082 6,265 6,453 6,646 6,846 7,051 7,263 7,480 7,705 7,936 8,174 8,419 8,672 8,932 9,200 9,476 9,760 10,053 10,355
35 Total Maintenance Expenses $000 **1,384** 76,610 66,945 81,831 84,286 86,815 89,419 92,102 94,865 97,711 100,642 103,662 106,771 109,975 113,274 116,672 120,172 123,777 127,491 131,315 135,255 139,313 36 $ per MWh 4.75 4.07 4.83 4.97 5.12 5.27 5.43 5.60 5.76 5.94 6.12 6.30 6.49 6.68 6.88 7.09 7.30 7.52 7.75 7.98 8.22 37 **Production Costs** 38 CO2 cost If Included

- $ **6,382** 385,792 401,758 458,047 455,005 458,934 462,982 470,580 478,303 486,154 490,710 493,688 501,950 510,357 520,627 527,623 534,777 540,380 546,151 553,810 565,075 576,524 39 Total Production $ per MWh 23.90 24.45 27.02 26.84 27.07 27.31 27.76 28.22 28.68 28.95 29.12 29.61 30.11 30.71 31.12 31.55 31.88 32.22 32.67 33.33 34.01 40 **Base Case Total Cost of Electricity**  Cost of Electricity $000 **7,915** 562,555.7 616,342 608,881 608,391 608,020 611,198 614,502 617,935 618,071 616,630 635,473 639,461 645,312 647,888 650,623 651,807 653,159 656,397 663,247 670,275 Cost of Electricity $ per MWh 23.90 34.24 36.36 35.92 35.89 35.87 36.06 36.25 36.45 36.46 36.38 37.49 37.72 38.07 38.22 38.38 38.45 38.53 38.72 39.13 39.54

**SNCR Incremental to Base Case** 

1 Net Generation MWh 339,035,500 16,140,683 16,429,593 16,951,775 16,951,775 16,951,775 16,951,775 16,951,775 16,951,775 16,951,775 16,951,775 16,951,775 16,951,775 16,951,775 16,951,775 16,951,775 16,951,775 16,951,775 16,951,775 16,951,775 16,951,775 16,951,775

2 Incremental Capital Expense (CAPEX)

3 Incremental Plant In Service 4 Unit 1 $000

- - - - - - **15,148** 15,148 15,148 15,148 15,148 15,148 15,148 15,148 15,148 15,148 15,148 15,148 15,148 5 Unit 2 $000

- - - - - **14,707** 14,707 14,707 14,707 14,707 14,707 14,707 14,707 14,707 14,707 14,707 14,707 14,707 14,707 6 Unit 3 $000

- - - - - - - **15,602** 15,602 15,602 15,602 15,602 15,602 15,602 15,602 15,602 15,602 15,602 15,602 9 Total Incremental Plant in Service $000

- - - - - 14,707 29,854 45,457 45,457 45,457 45,457 45,457 45,457 45,457 45,457 45,457 45,457 45,457 45,457 10

- 11 Depreciation Expense 12 Unit 1 13 Starting Book Value $000 15,148 14,390 13,633 12,876 12,118 11,361 10,603 9,846 9,089 8,331 7,574 6,817 6,059 14 Annual Depreciation Expense $000 757 757 757 757 757 757 757 757 757 757 757 757 757

Ending Book Value 14,390 13,633 12,876 12,118 11,361 10,603 9,846 9,089 8,331 7,574 6,817 6,059 5,302 15 Accumulated Depreciation $000 757 1,515 2,272 3,030 3,787 4,544 5,302 6,059 6,817 7,574 8,331 9,089 9,846 16 Unit 2 17 Starting Book Value $000 14,707 13,971 13,236 12,501 11,765 11,030 10,295 9,559 8,824 8,089 7,353 6,618 5,883 5,147 18 Annual Depreciation Expense $000 735 735 735 735 735 735 735 735 735 735 735 735 735 735

Ending Book Value 13,971 13,236 12,501 11,765 11,030 10,295 9,559 8,824 8,089 7,353 6,618 5,883 5,147 4,412 19 Accumulated Depreciation $000 735 1,471 2,206 2,941 3,677 4,412 5,147 5,883 6,618 7,353 8,089 8,824 9,559 10,295 20 Unit 3 **$Million**

2017 2016 2018 BASE SNCR SCR Baghouse Plant As Operated Through 2011

Base Case + Incremental SNCR Base Case + Incremental SCR Baghouse as Incremental to Base Case

09000064811c2027 Total Plant w DWP Share to IOUE C/R Energy Strategies E.N. 1109 **FCPP - SCR Cost Assessment Model**

21 Starting Book Value $000 15,602 14,822 14,042 13,262 12,482 11,702 10,922 10,141 9,361 8,581 7,801 7,021 22 Annual Depreciation Expense $000 780 780 780 780 780 780 780 780 780 780 780 780

Ending Book Value 14,822 14,042 13,262 12,482 11,702 10,922 10,141 9,361 8,581 7,801 7,021 6,241 23 Accumulated Depreciation $000 780 1,560 2,340 3,120 3,901 4,681 5,461 6,241 7,021 7,801 8,581 9,361 33 Total Incremental Depreciation Expense

- - - - - 735 1,493 2,273 2,273 2,273 2,273 2,273 2,273 2,273 2,273 2,273 2,273 2,273 2,273 34 35 36 Return on Capital 37 Book Value $000 **233**

- - - - - 14,707 29,119 43,229 40,956 38,683 36,410 34,137 31,865 29,592 27,319 25,046 22,773 20,500 18,227 38 Capital Recovery $000 **26**

- - - - - 1,644 3,254 4,831 4,577 4,323 4,069 3,815 3,561 3,307 3,053 2,799 2,545 2,291 2,037 39 40 Total Incremental CAPEX $000 **44**

- - - - - 2,379 4,747 7,104 6,850 6,596 6,342 6,088 5,834 5,580 5,326 5,072 4,818 4,564 4,310 41 $ per MWh

- - - - - 0.14 0.28 0.42 0.40 0.39 0.37 0.36 0.34 0.33 0.31 0.30 0.28 0.27 0.25

42 Incremental Operating Expense (OPEX)

43 Incremental OPEX 44 Unit 1 $000

- - - - - - 7,473 7,663 7,853 8,043 8,233 8,423 8,613 8,803 8,993 9,183 9,373 9,563 9,753 45 Unit 2 $000

- - - - - 7,283 7,473 7,663 7,853 8,043 8,233 8,423 8,613 8,803 8,993 9,183 9,373 9,563 9,753 46 Unit 3 $000

- - - - - - - 7,663 7,853 8,043 8,233 8,423 8,613 8,803 8,993 9,183 9,373 9,563 9,753 49 Total Incremental OPEX $000 **215**

- - - - - 7,283 14,947 22,990 23,560 24,130 24,700 25,270 25,840 26,410 26,980 27,550 28,120 28,690 29,260 50 Total Incremental OPEX $ per MWh 0.00 0.00 0.00 0.00 0.00 0.43 0.88 1.36 1.39 1.42 1.46 1.49 1.52 1.56 1.59 1.63 1.66 1.69 1.73 51 52 **Total Incremental Cost**
53 **Incremental CAPX + OPEX** $000 **259**

- - - - - 9,662 19,694 30,094 30,410 30,726 31,042 31,358 31,674 31,990 32,306 32,622 32,938 33,254 33,570 54 **Unit Cost: Total Incremental** $ per MWh 0.00 0.00 0.00 0.00 0.00 0.57 1.16 1.78 1.79 1.81 1.83 1.85 1.87 1.89 1.91 1.92 1.94 1.96 1.98 55 56 **SNCR Total Cost of Electricity** 

Base Case Cost + Incremental Cost $000 **8,174** $ 616,342 $ 608,881 $ 608,391 $ 608,020 $ 611,198 $ 624,164 $ 637,628 $ 648,165 $ 647,040 $ 666,199 $ 670,502 $ 676,670 $ 679,562 $ 682,613 $ 684,113 $ 685,781 $ 689,335 $ 696,501 $ 703,845
Base Case Cost + Incremental Cost $ per MWh 36.36 35.92 35.89 35.87 36.06 36.82 37.61 38.24 38.17 39.30 39.55 39.92 40.09 40.27 40.36 40.45 40.66 41.09 41.52
**Incremental to BAU $ per MWh** 

**- -**  **- -**  **- 0.57**  **1.16 1.78**  **1.79 1.81**  **1.83 1.85**  **1.87 1.89**  **1.91 1.92**  **1.94 1.96**  **1.98**

**SCR Base Case + Selective Catalytic Reduction + Baghouse** 

1 Net Generation MWh 339,035,500 16,140,683 16,429,593 16,951,775 16,951,775 16,951,775 16,951,775 16,951,775 16,951,775 16,951,775 16,951,775 16,951,775 16,951,775 16,951,775 16,951,775 16,951,775 16,951,775 16,951,775 16,951,775 16,951,775 16,951,775 16,951,775

2 **Incremental Capital Expense (CAPEX)**

3 **Incremental Plant In Service** 4 Unit 1 $000

**- -**  **-** - - **159,431** 159,431 159,431 159,431 159,431 159,431 159,431 159,431 159,431 159,431 159,431 159,431 159,431 5 Unit 2 $000

**-** - - - **212,254** 212,254 212,254 212,254 212,254 212,254 212,254 212,254 212,254 212,254 212,254 212,254 212,254 212,254 6 Unit 3 $000

**-** - - - - - **203,340** 203,340 203,340 203,340 203,340 203,340 203,340 203,340 203,340 203,340 203,340 203,340 9 Total Incremental Plant in Service $000

- - - - - 212,254 371,686 575,026 575,026 575,026 575,026 575,026 575,026 575,026 575,026 575,026 575,026 575,026 575,026 10
11 **Depreciation Expense** 12 Unit 1 13 Starting Book Value $000 159,431 151,460 143,488 135,517 127,545 119,574 111,602 103,630 95,659 87,687 79,716 71,744 63,773 14 Annual Depreciation Expense $000 7,972 7,972 7,972 7,972 7,972 7,972 7,972 7,972 7,972 7,972 7,972 7,972 7,972

Ending Book Value 151,460 143,488 135,517 127,545 119,574 111,602 103,630 95,659 87,687 79,716 71,744 63,773 55,801 15 Accumulated Depreciation $000 7,972 15,943 23,915 31,886 39,858 47,829 55,801 63,773 71,744 79,716 87,687 95,659 103,630 16 Unit 2 17 Starting Book Value $000 212,254 201,641 191,029 180,416 169,803 159,191 148,578 137,965 127,352 116,740 106,127 95,514 84,902 74,289 18 Annual Depreciation Expense $000 10,613 10,613 10,613 10,613 10,613 10,613 10,613 10,613 10,613 10,613 10,613 10,613 10,613 10,613

Ending Book Value 201,641 191,029 180,416 169,803 159,191 148,578 137,965 127,352 116,740 106,127 95,514 84,902 74,289 63,676 19 Accumulated Depreciation $000 10,613 21,225 31,838 42,451 53,064 63,676 74,289 84,902 95,514 106,127 116,740 127,352 137,965 148,578 20 Unit 3 21 Starting Book Value $000 203,340 193,173 183,006 172,839 162,672 152,505 142,338 132,171 122,004 111,837 101,670 91,503 22 Annual Depreciation Expense $000 10,167 10,167 10,167 10,167 10,167 10,167 10,167 10,167 10,167 10,167 10,167 10,167

Ending Book Value 193,173 183,006 172,839 162,672 152,505 142,338 132,171 122,004 111,837 101,670 91,503 81,336 23 Accumulated Depreciation $000 10,167 20,334 30,501 40,668 50,835 61,002 71,169 81,336 91,503 101,670 111,837 122,004 33 Total Incremental Depreciation Expense

- - - - - 10,613 18,584 28,751 28,751 28,751 28,751 28,751 28,751 28,751 28,751 28,751 28,751 28,751 28,751 34 35 36 **Return on Capital** 37 Book Value $000 **2,952**

- - - - - 212,254 361,073 545,829 517,077 488,326 459,575 430,823 402,072 373,321 344,570 315,818 287,067 258,316 229,564 38 Capital Recovery $000 **330**

- - - - - 23,721 40,352 61,000 57,787 54,574 51,360 48,147 44,934 41,721 38,508 35,295 32,082 28,868 25,655 39 40 **Total Incremental CAPEX** $000 **563**

- - - - - 34,333 58,937 89,751 86,538 83,325 80,112 76,899 73,685 70,472 67,259 64,046 60,833 57,620 54,407 41 $ per MWh

- - - - - 2.03 3.48 5.29 5.10 4.92 4.73 4.54 4.35 4.16 3.97 3.78 3.59 3.40 3.21

42 **Incremental Operating Expense (OPEX)**

43 **Incremental OPEX** 44 Unit 1 $000

- - - - - - 4,699 4,818 4,938 5,057 5,177 5,296 5,416 5,535 5,654 5,774 5,893 6,013 6,132 45 Unit 2 $000

- - - - - 4,579 4,699 4,818 4,938 5,057 5,177 5,296 5,416 5,535 5,654 5,774 5,893 6,013 6,132 46 Unit 3 $000

- - - - - - - 4,818 4,938 5,057 5,177 5,296 5,416 5,535 5,654 5,774 5,893 6,013 6,132 49 Total Incremental OPEX $000 **135**

- - - - - - 4,579 9,398 14,455 14,813 15,171 15,530 15,888 16,247 16,605 16,963 17,322 17,680 18,038 18,397 50 Total Incremental OPEX $ per MWh 0.00 0.00 0.00 0.00 0.00 0.00 0.27 0.55 0.85 0.87 0.89 0.92 0.94 0.96 0.98 1.00 1.02 1.04 1.06 1.09 51 52 **Total Incremental Cost**
53 **Incremental CAPX + OPEX** $000 **698**

- - - - - 38,913 68,334 104,206 101,351 98,496 95,642 92,787 89,932 87,077 84,222 81,368 78,513 75,658 72,803 54 **Unit Cost: Total Incremental** $ per MWh 0.00 0.00 0.00 0.00 0.00 2.30 4.03 6.15 5.98 5.81 5.64 5.47 5.31 5.14 4.97 4.80 4.63 4.46 4.29 55 56 **SCR Case Total Cost of Electricity** 

Base Case Cost + Incremental Costs $000 **8,613** $ 616,342 $ 608,881 $ 608,391 $ 608,020 $ 611,198 $ 653,415 $ 686,269 $ 722,277 $ 717,981 $ 733,969 $ 735,102 $ 738,099 $ 737,820 $ 737,701 $ 736,030 $ 734,527 $ 734,910 $ 738,905 $ 743,078 Base Case Cost + Incremental Costs $ per MWh 36.36 35.92 35.89 35.87 36.06 38.55 40.48 42.61 42.35 43.30 43.36 43.54 43.52 43.52 43.42 43.33 43.35 43.59 43.83
**Incremental to BAU $ per MWh** 

**- -**  **- -**  **- 2.30**  **4.03 6.15**  **5.98 5.81**  **5.64 5.47**  **5.31 5.14**  **4.97 4.80**  **4.63 4.46**  **4.29 Baghouse**  **Incremental to SCR**

1 Net Generation MWh 339,035,500 16,140,683 16,429,593 16,951,775 16,951,775 16,951,775 16,951,775 16,951,775 16,951,775 16,951,775 16,951,775 16,951,775 16,951,775 16,951,775 16,951,775 16,951,775 16,951,775 16,951,775 16,951,775 16,951,775 16,951,775 16,951,775 2018

2017 2017 2016

2016 2018

2017 2016 2018

09000064811c2027 Total Plant w DWP Share to IOUE C/R Energy Strategies E.N. 1109 **FCPP - SCR Cost Assessment Model**

2 **Incremental Capital Expense (CAPEX)**

3 **Incremental Plant In Service** 4 Unit 1 $000

- - - - **263,120** 263,120 263,120 263,120 263,120 263,120 263,120 263,120 263,120 263,120 263,120 263,120 263,120 263,120 5 Unit 2 $000

- - - **237,780** 237,780 237,780 237,780 237,780 237,780 237,780 237,780 237,780 237,780 237,780 237,780 237,780 237,780 237,780 6 Unit 3 $000

- - - - - **198,429** 198,429 198,429 198,429 198,429 198,429 198,429 198,429 198,429 198,429 198,429 198,429 198,429 9 Total Incremental Plant in Service $000

- 237,780 500,900 699,329 699,329 699,329 699,329 699,329 699,329 699,329 699,329 699,329 699,329 699,329 699,329 699,329
10
11 **Depreciation Expense** 12 Unit 1 13 Starting Book Value $000 263,120 249,964 236,808 223,652 210,496 197,340 184,184 171,028 157,872 144,716 131,560 118,404 105,248 92,092 14 Annual Depreciation Expense $000 13,156 13,156 13,156 13,156 13,156 13,156 13,156 13,156 13,156 13,156 13,156 13,156 13,156 13,156

Ending Book Value 249,964 236,808 223,652 210,496 197,340 184,184 171,028 157,872 144,716 131,560 118,404 105,248 92,092 78,936 15 Accumulated Depreciation $000 13,156 26,312 39,468 52,624 65,780 78,936 92,092 105,248 118,404 131,560 144,716 157,872 171,028 184,184 16 Unit 2 17 Starting Book Value $000 237,780 225,891 214,002 202,113 190,224 178,335 166,446 154,557 142,668 130,779 118,890 107,001 95,112 83,223 71,334 18 Annual Depreciation Expense $000 11,889 11,889 11,889 11,889 11,889 11,889 11,889 11,889 11,889 11,889 11,889 11,889 11,889 11,889 11,889

Ending Book Value 225,891 214,002 202,113 190,224 178,335 166,446 154,557 142,668 130,779 118,890 107,001 95,112 83,223 71,334 59,445 19 Accumulated Depreciation $000 11,889 23,778 35,667 47,556 59,445 71,334 83,223 95,112 107,001 118,890 130,779 142,668 154,557 166,446 178,335 20 Unit 3 21 Starting Book Value $000 198,429 188,508 178,586 168,665 158,743 148,822 138,900 128,979 119,057 109,136 99,215 89,293 79,372 22 Annual Depreciation Expense $000 9,921 9,921 9,921 9,921 9,921 9,921 9,921 9,921 9,921 9,921 9,921 9,921 9,921

Ending Book Value 188,508 178,586 168,665 158,743 148,822 138,900 128,979 119,057 109,136 99,215 89,293 79,372 69,450 23 Accumulated Depreciation $000 9,921 19,843 29,764 39,686 49,607 59,529 69,450 79,372 89,293 99,215 109,136 119,057 128,979 33 Total Incremental Depreciation Expense

- - - - 11,889 25,045 34,966 34,966 34,966 34,966 34,966 34,966 34,966 34,966 34,966 34,966 34,966 34,966 34,966 34

- 2.511 2.424 2.337 2.251 2.164 2.077 35 2.269 2.191 2.112 2.034 1.955 1.877 1.799 36 **Return on Capital**

- - 1.893 1.828 1.763 1.697 1.632 37 Book Value $000 **3,854**

- - - - 237,780 489,011 662,395 627,429 592,462 557,496 522,529 487,563 452,596 417,630 382,663 347,697 312,731 277,764 242,798 38 Capital Recovery $000 **431**

- - - - 26,573 54,650 74,027 70,119 66,211 62,304 58,396 54,488 50,581 46,673 42,765 38,857 34,950 31,042 27,134 39 40 **Total Incremental CAPEX** $000 **734**

- - - - 38,462 79,695 108,993 105,086 101,178 97,270 93,362 89,455 85,547 81,639 77,732 73,824 69,916 66,008 62,101 41 $ per MWh

- - - - 2.27 4.70 6.43 6.20 5.97 5.74 5.51 5.28 5.05 4.82 4.59 4.35 4.12 3.89 3.66

42 **Incremental Operating Expense (OPEX)**

43 **Incremental OPEX** 44 Unit 1 $000

- - - - 3,564 3,656 3,749 3,842 3,935 4,028 4,121 4,214 4,307 4,400 4,493 4,586 4,679 4,772 45 Unit 2 $000

- - - 3,471 3,564 3,656 3,749 3,842 3,935 4,028 4,121 4,214 4,307 4,400 4,493 4,586 4,679 4,772 46 Unit 3 $000

- - - - - 3,656 3,749 3,842 3,935 4,028 4,121 4,214 4,307 4,400 4,493 4,586 4,679 4,772 49 Total Incremental OPEX $000 **113**

- - - - 3,471 7,127 10,969 11,248 11,527 11,806 12,085 12,364 12,643 12,922 13,201 13,479 13,758 14,037 14,316 50 Total Incremental OPEX $ per MWh 0.00 0.00 0.00 0.00 0.20 0.42 0.65 0.66 0.68 0.70 0.71 0.73 0.75 0.76 0.78 0.80 0.81 0.83 0.84 51 52 **Total Incremental Cost**
53 **Incremental CAPX + OPEX** $000 **848**

- - - - 41,933 86,822 119,963 116,334 112,705 109,076 105,448 101,819 98,190 94,561 90,932 87,303 83,674 80,046 76,417 54 **Unit Cost: Total Incremental** $ per MWh 0.00 0.00 0.00 0.00 2.47 5.12 7.08 6.86 6.65 6.43 6.22 6.01 5.79 5.58 5.36 5.15 4.94 4.72 4.51 55 56 **Baghouse Total Cost of Electricity** 

Incremental Cost $000 **848** $ - $ - $ - $ - $ 41,933 $ 86,822 $ 119,963 $ 116,334 $ 112,705 $ 109,076 $ 105,448 $ 101,819 $ 98,190 $ 94,561 $ 90,932 $ 87,303 $ 83,674 $ 80,046 $ 76,417
**Incremental to BAU $ per MWh**  0.00 0.00 0.00 0.00 2.47 5.12 7.08 6.86 6.65 6.43 6.22 6.01 5.79 5.58 5.36 5.15 4.94 4.72 4.51

**CASE COMPARISONS 0.536785178**  **1.111412856 1.535647119**  **1.489194223 1.442741326**  **1.39628843 1.349835534**  **1.303382637 1.256929741**  **1.210476845 1.164023948**  **1.117571052 BAU**  **NPV 7,915**  **Undiscounted** 16,204 **$ per MWh** 38.24 **SNCR NPV**  **8,174 Undiscounted**  16,859 **$ per MWh** 39.78 **SCR NPV**  **8,613 Undiscounted**  17,803 **$ per MWh** 42.01 **Baghouse NPV**  **848**

ONLY USED AS INCREMENTAL TO SCR **Undiscounted** 1,776 **$ per MWh** 4.19 **SCR+Baghouse NPV**  **9,461**

**Undiscounted** 19,579 Market Prices in 2018 for Full Shutdown. BAU Cost Until Then **$ per MWh** 46.20 Market Price in Use During Phased Shutdown Scenarios (Below)
**Low NPV**  **8,523** Low Trend

- $

-

$

-

$

-

$ 40.16

$ 40.16

$ 40.16

$ 40.16

$ 40.93

$ 41.71

$ 41.71

$ 42.51

$ 42.51

$ 44.11

$ 44.92

$ 44.92

$ 44.92

$ 44.92

$
**Undiscounted** 17,887 616,342 608,881 608,391 608,020 611,198 614,502 617,935 680,822 680,822 693,915 707,008 707,008 720,604 720,604 747,797 761,393 761,393 761,393 761,393 **$ per MWh** 42.21 36.36 $ 35.92

$ 35.89

$ 35.87

$ 36.06

$ 36.25

$ 36.45

$ 40.16

$ 40.16

$ 40.93

$ 41.71

$ 41.71

$ 42.51

$ 42.51

$ 44.11

$ 44.92

$ 44.92

$ 44.92

$ 44.92

$ **Mid NPV**  **8,801** Mid Trend

- $

-

$

-

$

-

$ 40.16

$ 40.16

$ 40.16

$ 40.93

$ 41.71

$ 42.48

$ 43.25

$ 44.80

$ 45.57

$ 46.34

$ 47.11

$ 47.89

$ 48.66

$ 48.66

$
**Undiscounted** 18,750 616,342 608,881 608,391 608,020 611,198 614,502 617,935 680,822 693,915 707,008 720,101 733,193 759,379 772,471 785,564 798,657 811,750 824,842 824,842 **$ per MWh** 44.24 36.36 $ 35.92

$ 35.89

$ 35.87

$ 36.06

$ 36.25

$ 36.45

$ 40.16

$ 40.93

$ 41.71

$ 42.48

$ 43.25

$ 44.80

$ 45.57

$ 46.34

$ 47.11

$ 47.89

$ 48.66

$ 48.66

$ **High NPV**  **8,890** High Trend

- $

-

$

-

$

-

$ 40.16

$ 40.89

$ 40.89

$ 41.62

$ 42.35

$ 43.08

$ 43.81

$ 44.80

$ 45.57

$ 47.04

$ 47.77

$ 48.51

$ 49.24

$ 49.98

$
**Undiscounted** 19,006 616,342 608,881 608,391 608,020 611,198 614,502 617,935 693,201 705,579 717,958 730,337 742,715 759,379 772,471 797,390 809,849 822,308 834,768 847,227 **$ per MWh** 44.85 36.36 $ 35.92

$ 35.89

$ 35.87

$ 36.06

$ 36.25

$ 36.45

$ 40.89

$ 41.62

$ 42.35

$ 43.08

$ 43.81

$ 44.80

$ 45.57

$ 47.04

$ 47.77

$ 48.51

$ 49.24

$ 49.98

$ 2015

2017 2017

2016 2015 2016

09000064811c2027 Total Plant w DWP Share to IOUE C/R Energy Strategies E.N. 1109 **FCPP - SCR Cost Assessment Model**

**DWP to IOU Navajo Generating Station (NGS) Economic Assessment Model** 
**Case Names Description** 

a **Generation Statistics** b Gross Capacity

c Operating Capacity d Efficiency Vs. Base Case Efficiency

e Net Generation f Capacity Factor

**Base Case Plant as of 2011** 

1 **Capital Expense (CAPEX)**

2 **Depreciation Expense** 3 Net Plant in Service 4 Annual Depreciation Expense 5 Accumulated Depreciation 6 7 **Return on Capital** 8 Capital Recovery 9 10 11 **Total CAPEX** (Depreciation + Return on Capital) 12

13 **Operating Expense (OPEX)**

14 **Fuel Expenses** 15 Cost Price Change (Year over Year) 16 Fuel Expense 17 18 19 **Non-Fuel Operating & Maintenance Expenses** 20 Operating Expenses 21 Op. Supervision & Engineering 22 Total Steam/Hydraulic Expense 23 Electric Expenses 24 Misc. Power Expenses 25 Rents 26 Allowances
27 Total Non-Fuel Operating Expenses 28 29 Maintenance Expenses
30 Supervision & Engineering
31 Structures
32 Boiler/Reactor/Reservoirs & Dams
33 Electric Plant 34 Misc. Plant
35 Total Maintenance Expenses 36 37 **Production Costs** 38 CO2 cost If Included 39 Total Production 40 **Base Case Total Cost of Electricity**  Cost of Electricity Cost of Electricity

**SNCR Incremental to Base Case** 

1 Net Generation

2 Incremental Capital Expense (CAPEX)

3 Incremental Plant In Service 4 Unit 1 5 Unit 2 6 Unit 3 9 Total Incremental Plant in Service 10
11 Depreciation Expense 12 Unit 1 13 Starting Book Value 14 Annual Depreciation Expense

Ending Book Value 15 Accumulated Depreciation 16 Unit 2 17 Starting Book Value 18 Annual Depreciation Expense

Ending Book Value 19 Accumulated Depreciation 20 Unit 3 2017 2016 2018 BASE SNCR SCR Baghouse Plant As Operated Through 2011

Base Case + Incremental SNCR Base Case + Incremental SCR Baghouse as Incremental to Base Case **2030 2031**  **2032 2033**  **2034 2035**  19 20 21 22 23 24

1/1/2030 1/1/2031 1/1/2032 1/1/2033 1/1/2034 1/1/2035

2,409 2,409 2,409 2,409 2,409 2,409 2,250 2,250 2,250 2,250 2,250 2,250 100% 100% 100% 100% 100% 100% 16,951,775 16,951,775 16,951,775 16,951,775 16,951,775 16,951,775 86% 86% 86% 86% 86% 86%

303,783 $ 260,386

$ 216,988

$ 173,590

$ 130,193

$ 86,795

$ 43,398 $ 43,398

$ 43,398

$ 43,398

$ 43,398

$ 43,398

$ 1,491,850 1,535,248 1,578,645 1,622,043 1,665,441 1,708,838

30,934 26,515 22,096 17,677 13,257 8,838 1.82 1.56 1.30 1.04 0.78 0.52

74,332 69,912 65,493 61,074 56,655 52,236 4.38 4.12 3.86 3.60 3.34 3.08

0.5% 0.5% 0.0% 0.0% 0.0% 0.5% 361,727 363,442 363,442 363,442 363,442 365,156 21.34 21.44 21.44 21.44 21.44 21.54

19,079 19,651 20,241 20,848 21,473 22,118 25,667 26,437 27,230 28,047 28,889 29,755 6,601 6,799 7,003 7,213 7,429 7,652 27,365 28,186 29,031 29,902 30,799 31,723 803 827 852 878 904 931

- - - - - - 79,515 81,900 84,357 86,888 89,495 92,179 4.69 4.83 4.98 5.13 5.28 5.44

12,984 13,374 13,775 14,188 14,614 15,053 4,166 4,291 4,420 4,553 4,689 4,830 82,283 84,751 87,294 89,913 92,610 95,388 33,393 34,395 35,427 36,490 37,584 38,712 10,665 10,985 11,315 11,654 12,004 12,364 143,492 147,797 152,231 156,797 161,501 166,346 8.46 8.72 8.98 9.25 9.53 9.81

584,734 593,138 600,029 607,127 614,438 623,682 34.49 34.99 35.40 35.81 36.25 36.79

674,065 678,051 680,523 683,201 686,093 690,918 39.76 40.00 40.14 40.30 40.47 40.76

16,951,775 16,951,775 16,951,775 16,951,775 16,951,775 16,951,775

15,148 15,148 15,148 15,148 15,148 15,148 14,707 14,707 14,707 14,707 14,707 14,707 15,602 15,602 15,602 15,602 15,602 15,602 45,457 45,457 45,457 45,457 45,457 45,457

5,302 4,544 3,787 3,030 2,272 1,515 757 757 757 757 757 757 4,544 3,787 3,030 2,272 1,515 757 10,603 11,361 12,118 12,876 13,633 14,390

4,412 3,677 2,941 2,206 1,471 735 735 735 735 735 735 735 3,677 2,941 2,206 1,471 735 0 11,030 11,765 12,501 13,236 13,971 14,707

09000064811c2027 Total Plant w DWP Share to IOUE C/R Energy Strategies E.N. 1109 **FCPP - SCR Cost Assessment Model**

21 Starting Book Value 22 Annual Depreciation Expense

Ending Book Value 23 Accumulated Depreciation 33 Total Incremental Depreciation Expense 34 35 36 Return on Capital 37 Book Value 38 Capital Recovery 39 40 Total Incremental CAPEX 41

42 Incremental Operating Expense (OPEX)

43 Incremental OPEX 44 Unit 1 45 Unit 2 46 Unit 3 49 Total Incremental OPEX 50 Total Incremental OPEX 51 52 **Total Incremental Cost**
53 **Incremental CAPX + OPEX** 54 **Unit Cost: Total Incremental** 55 56 **SNCR Total Cost of Electricity** 

Base Case Cost + Incremental Cost Base Case Cost + Incremental Cost
**Incremental to BAU**

**SCR Base Case + Selective Catalytic Reduction + Baghouse** 

1 Net Generation

2 **Incremental Capital Expense (CAPEX)**

3 **Incremental Plant In Service** 4 Unit 1 5 Unit 2 6 Unit 3 9 Total Incremental Plant in Service 10
11 **Depreciation Expense** 12 Unit 1 13 Starting Book Value 14 Annual Depreciation Expense

Ending Book Value 15 Accumulated Depreciation 16 Unit 2 17 Starting Book Value 18 Annual Depreciation Expense

Ending Book Value 19 Accumulated Depreciation 20 Unit 3 21 Starting Book Value 22 Annual Depreciation Expense

Ending Book Value 23 Accumulated Depreciation 33 Total Incremental Depreciation Expense 34 35 36 **Return on Capital** 37 Book Value 38 Capital Recovery 39 40 **Total Incremental CAPEX** 41

42 **Incremental Operating Expense (OPEX)**

43 **Incremental OPEX** 44 Unit 1 45 Unit 2 46 Unit 3 49 Total Incremental OPEX 50 Total Incremental OPEX 51 52 **Total Incremental Cost**
53 **Incremental CAPX + OPEX** 54 **Unit Cost: Total Incremental** 55 56 **SCR Case Total Cost of Electricity** 

Base Case Cost + Incremental Costs Base Case Cost + Incremental Costs
**Incremental to BAU Baghouse**  **Incremental to SCR**

1 Net Generation 2018

2017 2017 2016

2016 2018

2017 2016 2018 6,241 5,461 4,681 3,901 3,120 2,340 780 780 780 780 780 780 5,461 4,681 3,901 3,120 2,340 1,560 10,141 10,922 11,702 12,482 13,262 14,042 2,273 2,273 2,273 2,273 2,273 2,273

15,955 13,682 11,409 9,136 6,863 4,590 1,783 1,529 1,275 1,021 767 513

4,056 3,802 3,548 3,294 3,040 2,786 0.24 0.22 0.21 0.19 0.18 0.16

9,943 10,133 10,323 10,513 10,703 10,893 9,943 10,133 10,323 10,513 10,703 10,893 9,943 10,133 10,323 10,513 10,703 10,893 29,830 30,400 30,970 31,540 32,110 32,680 1.76 1.79 1.83 1.86 1.89 1.93

33,886 34,202 34,518 34,834 35,150 35,466 2.00 2.02 2.04 2.05 2.07 2.09

$ 707,951 $ 712,253 $ 715,041 $ 718,035 $ 721,242 $ 726,384
41.76 42.02 42.18 42.36 42.55 42.85
**2.00 2.02**  **2.04 2.05**  **2.07 2.09** 

16,951,775 16,951,775 16,951,775 16,951,775 16,951,775 16,951,775

159,431 159,431 159,431 159,431 159,431 159,431 212,254 212,254 212,254 212,254 212,254 212,254 203,340 203,340 203,340 203,340 203,340 203,340 575,026 575,026 575,026 575,026 575,026 575,026

55,801 47,829 39,858 31,886 23,915 15,943 7,972 7,972 7,972 7,972 7,972 7,972 47,829 39,858 31,886 23,915 15,943 7,972 111,602 119,574 127,545 135,517 143,488 151,460

63,676 53,064 42,451 31,838 21,225 10,613 10,613 10,613 10,613 10,613 10,613 10,613 53,064 42,451 31,838 21,225 10,613 0 159,191 169,803 180,416 191,029 201,641 212,254

81,336 71,169 61,002 50,835 40,668 30,501 10,167 10,167 10,167 10,167 10,167 10,167 71,169 61,002 50,835 40,668 30,501 20,334 132,171 142,338 152,505 162,672 172,839 183,006 28,751 28,751 28,751 28,751 28,751 28,751

200,813 172,062 143,311 114,559 85,808 57,057 22,442 19,229 16,016 12,803 9,590 6,376

51,193 47,980 44,767 41,554 38,341 35,128 3.02 2.83 2.64 2.45 2.26 2.07

6,252 6,371 6,491 6,610 6,730 6,849 6,252 6,371 6,491 6,610 6,730 6,849 6,252 6,371 6,491 6,610 6,730 6,849 18,755 19,114 19,472 19,830 20,189 20,547 1.11 1.13 1.15 1.17 1.19 1.21

69,949 67,094 64,239 61,384 58,530 55,675 4.13 3.96 3.79 3.62 3.45 3.28

$ 744,014 $ 745,145 $ 744,762 $ 744,586 $ 744,622 $ 746,593
43.89 43.96 43.93 43.92 43.93 44.04
**4.13 3.96**  **3.79 3.62**  **3.45 3.28** 

16,951,775 16,951,775 16,951,775 16,951,775 16,951,775 16,951,775

09000064811c2027 Total Plant w DWP Share to IOUE C/R Energy Strategies E.N. 1109 **FCPP - SCR Cost Assessment Model**

2 **Incremental Capital Expense (CAPEX)**

3 **Incremental Plant In Service** 4 Unit 1 5 Unit 2 6 Unit 3 9 Total Incremental Plant in Service
10
11 **Depreciation Expense** 12 Unit 1 13 Starting Book Value 14 Annual Depreciation Expense

Ending Book Value 15 Accumulated Depreciation 16 Unit 2 17 Starting Book Value 18 Annual Depreciation Expense

Ending Book Value 19 Accumulated Depreciation 20 Unit 3 21 Starting Book Value 22 Annual Depreciation Expense

Ending Book Value 23 Accumulated Depreciation 33 Total Incremental Depreciation Expense 34 35 36 **Return on Capital** 37 Book Value 38 Capital Recovery 39 40 **Total Incremental CAPEX** 41

42 **Incremental Operating Expense (OPEX)**

43 **Incremental OPEX** 44 Unit 1 45 Unit 2 46 Unit 3 49 Total Incremental OPEX 50 Total Incremental OPEX 51 52 **Total Incremental Cost**
53 **Incremental CAPX + OPEX** 54 **Unit Cost: Total Incremental** 55 56 **Baghouse Total Cost of Electricity** 

Incremental Cost **Incremental to BAU**

**CASE COMPARISONS**
**BAU**

**SNCR**

**SCR**

**Baghouse**

ONLY USED AS INCREMENTAL TO SCR

**SCR+Baghouse**

**Low**

**Mid**

**High** 2015

2017 2017

2016 2015 2016 263,120 263,120 263,120 263,120 263,120 263,120 237,780 237,780 237,780 237,780 237,780 237,780 198,429 198,429 198,429 198,429 198,429 198,429 699,329 699,329 699,329 699,329 699,329 699,329

78,936 65,780 52,624 39,468 26,312 13,156 13,156 13,156 13,156 13,156 13,156 13,156 65,780 52,624 39,468 26,312 13,156 0 197,340 210,496 223,652 236,808 249,964 263,120

59,445 47,556 35,667 23,778 11,889

- 11,889 11,889 11,889 11,889 11,889

- 47,556 35,667 23,778 11,889

- - 190,224 202,113 214,002 225,891 237,780 237,780

69,450 59,529 49,607 39,686 29,764 19,843 9,921 9,921 9,921 9,921 9,921 9,921 59,529 49,607 39,686 29,764 19,843 9,921 138,900 148,822 158,743 168,665 178,586 188,508 34,966 34,966 34,966 34,966 34,966 23,077

207,831 172,865 137,898 102,932 67,965 32,999 23,226 19,319 15,411 11,503 7,596 3,688

58,193 54,285 50,377 46,470 42,562 26,765 3.43 3.20 2.97 2.74 2.51 1.58

4,865 4,958 5,051 5,144 5,237 5,330 4,865 4,958 5,051 5,144 5,237 5,330 4,865 4,958 5,051 5,144 5,237 5,330 14,595 14,874 15,153 15,432 15,711 15,989 0.86 0.88 0.89 0.91 0.93 0.94

72,788 69,159 65,530 61,901 58,273 42,755 4.29 4.08 3.87 3.65 3.44 2.52

$ 72,788 $ 69,159 $ 65,530 $ 61,901 $ 58,273 $ 42,755
4.29 4.08 3.87 3.65 3.44 2.52

45.72 $ 45.72

$ 45.72

$ 46.52

$ 46.52

$ 47.32

$
774,989 774,989 774,989 788,586 788,586 802,182

45.72 $ 45.72

$ 45.72

$ 46.52

$ 46.52

$ 47.32

$

49.43 $ 49.43

$ 50.20

$ 50.20

$ 50.20

$ 50.98

$
837,935 837,935 851,028 851,028 851,028 864,121

49.43 $ 49.43

$ 50.20

$ 50.20

$ 50.20

$ 50.98

$

49.98 $ 50.71

$ 51.45

$ 52.18

$ 52.18

$ 51.45

$
847,227 859,686 872,145 884,604 884,604 872,145

49.98 $ 50.71

$ 51.45

$ 52.18

$ 52.18

$ 51.45

$

09000064811c2027 Total Plant w DWP Share to IOUE C/R Energy Strategies E.N. 1109 **FCPP ASSESSMENT MODEL SUMMARY REPORT** Exhibit 1

**Units	1,2,3,**

**BAU SNCR**  **SCR SCR	+	Bag	House**  **Market Low	Trend** 

7,915 $ 8,174 $ 8,613

$ 9,461

$ 8,523

$

$																						259 $																						698 $																			1,546 $																						608

**%** 3% 9% 20% 8%

38.24 $ 39.78 $ 42.01

$ 42.21 $

**Incremental	to	BAU 1.54** 

**$ 3.77** 

**$ 3.97**  **$ NGS	-	Summary	Cost	Comparisons**  (2012-2036)	Straight	Line	Depreciation

**Units	Modeled	>	>**

NPV	25	Year	Cost	by	Case	($Million)

Difference	in	Cost	for	Case **vs.	BAU** Case ($Million)

Per	MWh	Costs **(25	year	non-discounted	$	cost	/	25	year	MWh)**

$- $2,000 $4,000 $6,000 $8,000 $10,000 $12,000

BAU SNCR SCR SCR	+	Bag	House Market Low	Trend $7,915 $8,174 $8,613 $9,461 $8,523

**25	Yr	Cost	of	Power	by	Case Assuming	LADWP	Share	Owned	by	Investor	Owned	Utility**  Straight	Line	Depreciation 2012

- 2036 NPV	($Million)

$- $100 $200 $300 $400 $500 $600 $700 $800 $900 $1,000

BAU SNCR SCR SCR	+	Bag	House Market Low	Trend $259 $698 $1,546

$608 **25	Y r	Cost	Incremental	to	BAU**  **Assuming	LADWP	Share	Owned	by	Investor	Owned	Utility** Straight	Line	Depreciation 2012

- 2036	NPV	($Million)

09000064811c2027 Total & DWP as IOU SummaryE C/R Energy Strategies E.N. 1109 **FCPP ASSESSMENT MODEL SUMMARY REPORT** Exhibit 1

**Units	1,2,3,**

**BAU SNCR**  **SCR SCR	+	Bag	House**  **Market Low	Trend**  **Market**

**Mid	Trend Market** 

**High	Trend**

7,915 $ 8,174 $ 8,613 $ 9,461 $ 8,523 $ 8,801 $ 8,890

$

$																																						259 $																																						698 $																																		1,546 $																																						608 $																										886 $																										975

**%** 3% 9% 20% 8% 11% 12%

38.24 $ 39.78 $ 42.01 $ 46.20 $ 42.21 $ 44.24 $ 44.85

$

**Incremental	to	BAU 1.54** 

**$ 3.77**  **$ 7.96**  **$ 3.97**  **$ 6.01**  **$ 6.61** 

**$** Per	MWh	Costs **(25	year	non-discounted	$	cost	/	25	year	MWh) NGS	-	Summary	Cost	Comparisons**  (2012-2036)	Straight	Line	Depreciation

**Units	Modeled	>	>**

NPV	25	Year	Cost	by	Case	($Million)

Difference	in	Cost	for	Case **vs.	BAU** Case ($Million)

$- $2,000 $4,000 $6,000 $8,000 $10,000 $12,000

BAU SNCR SCR SCR	+	Bag	House Market Low	Trend Market

Mid	Trend Market

High	Trend $7,915 $8,174 $8,613 $9,461 $8,523 $8,801 $8,890 **25	Y r	Cost	of	Power	by	Case**  **Assuming	LADWP	Share	Owned	by	Investor	Owned	Utility** Straight	Line	Depreciation 2012

- 2036	NPV	($Million)

$- $100 $200 $300 $400 $500 $600 $700 $800 $900 $1,000

BAU SNCR SCR SCR	+	Bag	House Market Low	Trend Market Mid	Trend Market High	Trend $259 $698 $1,546

$608 $886 $975

**25	Yr	Cost	Incremental	to	BAU Assuming	LADWP	Share	Owned	by	Investor	Owned	Utility**  Straight	Line	Depreciation	2012

- 2036	NPV	($Million)

09000064811c2027 Total Plant w BH DWP to IOU**EPA Harvey Economics**  **NREL**

2012-2036 2012-2044 2012-2032

20 years 20 years 20 years

Varied by entity 6.2% (expanded study) Varied by entity

Operational Costs EIA Form 923 SRP data* $30/MW h (assumed)

Water Rates

**Rate Type Emissions** 

**Control EPA**  **Harvey Economics NREL** 

SCR 0.66% (SRP only) Not provided. Only total cost incurred 2012-2044 0.2% - 0.6%

SCR + Baghouse 1.38% (SRP only) Not provided. Only total cost incurred 2012-2044 0.5% - 1.2%

SCR 14.50% 10.50% 13 - 16%

SCR + Baghouse 30.50% 20.40% 29 - 32% **Estimated Impacts to Retail Electricity Rates and CAP Water Pumping Rates**

**Retail Electricity**  **Rates**

**CAP Water Pumping**  **Data Sets Time Frame of Analysis** 

**Capital Amortization Period**

**Financing Costs**

2011 CACW D Current & Projected 5 Yr Rates

* The Harvey Economics study did not identify a specific source of cost of production at the NGS but did identify SRP as a source of data