Spreadsheet: john_lavorato__16534__PPAVAL1121
Sheet: Sheet1

PPA VALUATIONS AS OF 11/21/00
 | AECO GAS | POWER MARKS | HEAT RATE MARKS | POWER 7 HR | HEAT RATE 7 HR | POWER 7.5 HR | HEAT RATE 7.5 HR | POWER 8 HR | HEAT RATE 8 HR | POWER 8.5 HR | HEAT RATE 8.5 HR
Cal 2002 | 3.974213880808837 | 44.01171685535467 |  | 44.01171685535467 |  | 42.55461734913306 |  | 44.01171685535467 |  | 42.55461734913306
Cal 2003 | 4.537463738491443 | 40.00983910617307 |  | 40.00983910617307 |  | 40.74568256195951 |  | 40.00983910617307 |  | 40.74568256195951
Cal 2004 | 4.642512140858924 | 38.83391983428876 |  | 38.83391983428876 |  | 40.58564604971357 |  | 38.83391983428876 |  | 41.41709968770348
Cal 2005 | 4.78335446899169 | 38.20292490637195 |  | 38.20292490637195 |  | 40.10025215487676 |  | 38.20292490637195 |  | 42.49147058321363
Cal 2006 | 4.902217529982506 | 35.21752413066327 |  | 35.21752413066327 |  | 38.68976917665969 |  | 39.21774023986005 |  | 43.71762897537368
Cal 2007 | 5.014922067308471 | 36.03581812680573 |  | 36.03581812680573 |  | 39.78479471986611 |  | 40.11937653846777 |  | 44.95618492287472
Cal 2008 | 5.099894944355495 | 36.64876228949057 |  | 36.64876228949057 |  | 40.6891850738751 |  | 40.79915955484396 |  | 45.97811154234731
Cal 2009 | 5.118348341926935 | 36.78354833521479 |  | 36.78354833521479 |  | 41.47293638411774 |  | 40.94678673541548 |  | 46.86274766342021
Cal 2010 | 5.19439863368075 | 37.33071045486027 |  | 37.33071045486027 |  | 42.27247949117852 |  | 41.55518906944599 |  | 47.76615766875101
Cal 2011 | 5.330667015391532 | 33.79067721055678 |  | 37.31466910774073 |  | 43.66282044227511 |  | 42.64533612313225 |  | 49.33832605380528
Cal 2012 | 5.426051365324952 | 33.77273205148008 |  | 37.98235955727468 |  | 44.68504460196374 |  | 43.40841092259962 |  | 50.49208410941395
Cal 2013 | 5.514512747194098 | 33.78868216595606 |  | 38.60158923035868 |  | 45.61688327904437 |  | 44.11610197755278 |  | 51.54626873206782
Cal 2014 | 5.607399890642665 | 33.78985144353155 |  | 39.25179923449865 |  | 46.56200820251371 |  | 44.85919912514132 |  | 52.61425267163753
Cal 2015 | 5.652614405662075 | 33.79372104289835 |  | 39.56830083963453 |  | 47.15283811476852 |  | 45.2209152452966 |  | 53.28080857371947
Cal 2016 | 5.808633631211285 | 33.79721157809369 |  | 40.66043541847901 |  | 48.5337052421089 |  | 46.4690690496903 |  | 54.84358899586527
Cal 2017 | 5.953143216955298 | 33.7622951146593 |  | 41.67200251868708 |  | 49.82606037459357 |  | 47.62514573564238 |  | 56.30113681883802
Cal 2018 | 6.075682292090764 | 33.79037480337228 |  | 42.52977604463535 |  | 50.94992173350246 |  | 48.60545833672611 |  | 57.57262675970344
Cal 2019 | 6.194518171232875 | 33.78868216595606 |  | 43.36162719863012 |  | 52.01930856977757 |  | 49.556145369863 |  | 58.78090892475564
Cal 2020 | 6.310328075508794 | 33.80431291227473 |  | 44.17229652856155 |  | 53.05806224304541 |  | 50.48262460407035 |  | 59.95359883904621
PPA VALUE ($CDN) |  |  | 237486 |  | 385123 |  | 618000 |  | 576074 |  | 845000
OTHER LIABILIATIES
FX | 40000 | for 2002-2020
TAX | 20000 | for 2002-2020
OPERATING RES | 65000 | for 2002-2020
WAB TREATMENT PLANT | 3000 | for 2002-2020
ENVIRONMENTAL | ?
TAU TRANS. COST | 20000 | YTD 2001 already recognized
AVAILABILITY INCENTIVE | 7000 | YTD 2001 already recognized