Spreadsheet: richard_sanders__31743__Brazos Buyout @ 07-Nov-00 (WIP)
Sheet: Valuation

Brazos Electric Power Cooperative, Inc. |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Input
Cleburne Analysis ($000) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Key Output | Chart Data |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | [NAME]
 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Modifications
This Information Is CONFIDENTIAL Per Section 5 of the Facilitation Agreement
 |  |  |  |  |  | t = 0 | 2001
Key Assumptions*
 | Base Rate |  |  | 0.06125 | Date = | 2000-12-31 00:00:00 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 2020-12-31 00:00:00 | 2021-12-31 00:00:00 | 2022-12-31 00:00:00 | 2023-12-31 00:00:00 | 2024-12-31 00:00:00 | 2025-12-31 00:00:00 | 2026-12-31 00:00:00 | 2027-12-31 00:00:00 | 2028-12-31 00:00:00 | 2029-12-31 00:00:00 | 2030-12-31 00:00:00 | 2031-12-31 00:00:00 | 2032-12-31 00:00:00 | 2033-12-31 00:00:00 | 2034-12-31 00:00:00 | 2035-12-31 00:00:00 | 2036-12-31 00:00:00
 | Spread |  |  |  | n =
 | Cost of Debt (RUS)
 | Cost of Debt (Discount Rate) |  |  |  | PVIF =
 | Pricing Used in Valuation: |  |  | Pace
Hours Per Year |  |  |  |  |  |  | 8760 | 8760 | 8760 | 8784 | 8760 | 8760 | 8760 | 8784 | 8760 | 8760 | 8760 | 8784 | 8760 | 8760 | 8760 | 8784 | 8760 | 8760 | 8760
Quantity Delivered (MWh)
Contract Capacity |  |  |  |  |  | (kW) | 258000
Annual Capacity Factor |  |  |  |  |  |  | 0.86
Quantity Delivered |  |  |  |  |  | (MWh)
Pace Curves
ERCOT On-Peak Power (Pace) |  |  |  |  |  | ($/MWh)
ERCOT Off-Peak Power (Pace) |  |  |  |  |  | ($/MWh)
ERCOT Average Power (Pace) |  |  |  |  |  | ($/MWh)
Waha Hub Natural Gas (Pace)* |  |  |  |  |  | ($/MMBtu)
 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | NOTE:  ENA assumes post 2019 escalation at:
 |  |  |  |  |  | ($/MWh)
Market Price - ERCOT 7x24 w/Wheeling ([NAME]) |  |  |  |  |  | ($/MWh) | 37.24236704542432 | 31.11373070395621 | 29.95177170685291 | 31.52341225767212 | 33.93522909944591 | 35.09207201452316 | 36.91360485180823 | 39.73241117254733 | 40.61238906855065 | 41.65940052607207 | 42.88685064047421 | 43.64123288053099 | 44.60072202651145 | 46.43733505961284 | 45.13471021258211 | 45.98070348054126 | 46.71934729606232 | 47.29151663054066 | 48.91675358703423
Market Price - ERCOT 7x24 w/Wheeling (Pace) |  |  |  |  |  | ($/MWh)
 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | NOTE:  ENA assumes post 2019 escalation at:
Market Price - ERCOT 7x24 w/Wheeling (Enron-Mid) |  |  |  |  |  | ($/MWh) | 46.41755441789192 | 40.82160402672607 | 39.86459182546277 | 38.94634675785697 | 39.73761656306941 | 40.85666795270209 | 42.278921070344 | 43.74916828852545 | 45.5195239440119 | 46.71179445739605 | 48.1377912942522 | 49.29067670584684 | 50.2015537835105 | 51.146403141387 | 51.7078220750923 | 51.99461691315202 | 52.21289491122744 | 52.32092487027177 | 51.7155331567939
 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | NOTE:  ENA assumes post 2019 escalation at:
Market Price - Midlothian I |  |  |  |  |  | ($/MWh) |  | 37.87763419413179 | 33.98489027266495 | 35.97473916522355 | 37.49691002779711 | 39.27436171147974 | 40.57474006350477 | 42.2728495246652 | 44.24365916539525 | 45.25399718620368 | 46.41997596975272 | 47.91358479622598 | 49.31120447071089 | 50.64919652857017 | 51.84765178175186 | 53.26300809128183 | 54.91456648802165 | 55.51183319792271 | 56.98180209546931 | 59.39969820106954
 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | NOTE:  ENA assumes post 2019 escalation at:
Market Price - Midlothian II |  |  |  |  |  | ($/MWh) | 27.71920480756858 | 33.16980360405567 | 33.95894891858964 | 35.95498987215451 | 37.50495829922242 | 39.25324103265665 | 40.58609688645914 | 42.28222862539372 | 44.22137201107977 | 45.26539234461239 | 46.39439431172392 | 47.88867998370625 | 49.32241335901168 | 50.6227780867918 | 51.86092569746825 | 53.2751055573185 | 54.88336304657931 | 55.52609048228626 | 56.99555197623452 | 59.36602083112703
 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | NOTE:  ENA assumes post 2019 escalation at:
General Inflation
*Others highlighted below
Contract Purchase (Status Quo)
 | Capacity Charges
 | Contract Capacity |  |  |  |  | (kW)
 | Capacity Rate |  |  |  |  | ($/kW-mo.) | 15.66821705426357 | 16.15162790697675 | 16.73268089147287 | 17.31901810077519 | 17.86299740310077 | 18.46461887596899 | 18.56 | 19.03 | 19.69 | 20.26 | 20.86 | 21.52 | 21.96 | 22.01 | 22.21 | 22.26 | 23.13 | 23.58 | 24.07
 | Capacity Charges
 | Energy Charges |  |  |  |  |  | As Scheduled |  |  |  |  |  | Per [NAME] (*)
 | Energy Rate |  |  |  |  | ($/MWh) | 18.48 | 18.95 | 20.18 | 21.37 | 22.27 | 23.59
 | Quantity Purchased |  |  |  |  | (MWh)
 | Energy Charges
 | O&M Pass-Through |  |  |  |  |  | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0
 | Total Cost to Brazos
 |  | (*)  Calculated as Follows:
 |  | Cost of Gas - Supply Component |  |  |  | ($/Dth)
 |  | Cost of Gas - Fuel Loss Factor @ |  | 0.01 |  | ($/Dth)
 |  | Cost of Gas - Transportation Component |  |  |  | ($/Dth)
 |  | Cost of Gas - Management Fee |  |  |  | ($/Dth) |  |  |  |  |  |  | 0.0655
 |  | Cost of Gas - Delivered |  |  |  | ($/Dth)
 |  | Heat Rate - Guaranteed |  |  |  | (Btu/kWh) |  |  |  |  |  |  | 7663 | 7685 | 7607 | 7629 | 7652 | 7673 | 7696 | 7718 | 7640 | 7663 | 7685 | 7707 | 7729
 |  | Energy Rate - Per Formula |  |  |  | ($/MWh)
 | Cost of Contract Purchase (Status Quo) |  |  |  |  | ($/MWh)
 | Stranded Investment
 | Quantity Required |  |  |  |  | (MWh)
 | Contract Price vs. Market Price |  |  |  |  | ($/MWh)
 | Stranded Investment
Plant Ownership/Operation
Purchase Price
Equity - RUS
Equity - Market Settlement |  |  |  |  |  | 130000
Project Debt |  |  |  |  |  | 145482
Total Purchase Price (Enterprise Value) |  |  |  |  |  | 405100
Plant, Property & Equipment
DSCR Reserve |  |  |  |  |  | -7723.85548426643
[NAME] |  |  |  |  |  | -4110 |  |  | Value Realized Above PP&E in Acquisition Price
COBANK Stock - Book Value
Development Assets |  |  |  |  |  | -15000 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Delete Comment, Column G
Costs of Operation
 | O&M - Fuel |  |  |  |  |  | Contract Gas |  |  |  |  |  | Market Gas
 | Cost of Gas - Supply Component |  |  |  |  | ($/Dth) | 2.392939999999999 | 2.51262 | 2.64 | 2.77046 | 2.908900199011029 | 2.978762166057646
 | Cost of Gas - Fuel Loss Factor @ |  |  |  |  | ($/Dth)
 | Cost of Gas - Transportation Component |  |  |  |  | ($/Dth) | 0.1
 | Cost of Gas - Management Fee (Market) |  |  |  |  | ($/Dth) | 0.04
 | Cost of Gas - Delivered |  |  |  |  | ($/Dth)
 | Heat Rate - Operating |  |  |  |  | (Btu/kWh) | 7612.101281034565 | 7627.515397247902 | 7581.318695318971 | 7616.764606490107 | 7631.129052293678 | 7597.356603454884 | 7625.426286527251 | 7637.251113668533 | 7582.022282395747 | 7616.850337662724 | 7631.129052293678 | 7597.880579937806 | 7625.002466863346 | 7637.433554546734 | 7582.022282395747 | 7616.100977120099 | 7630.977554526947 | 7597.356603454885 | 7624.780792156099
 | Quantity Delivered |  |  |  |  | (MWh)
 | Fuel Use |  |  |  |  | ([NAME])
 | Gas Supply Costs - Commodity
 | Gas Supply Costs - Demand |  |  |  |  |  | 4380 | 4599 | 4827.125 | 5073.5 | 5329 | 5593.625 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0
 | Total O&M - Fuel
 | O&M - Other |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Delete Row
 | Labor & Supervision |  |  |  |  |  | 1564.16 | 1626.7264 | 1691.795456 | 1759.46727424 | 1829.8459652096 | 1903.039803817984 | 1979.161395970704 | 2058.327851809532 | 2140.660965881913 | 2226.28740451719 | 2315.338900697878 | 2407.952456725793 | 2504.270554994825 | 2604.441377194618 | 2708.619032282403 | 2816.9637935737 | 2929.642345316648 | 3046.828039129314 | 3168.701160694487 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Delete Row
 | Training |  |  |  |  |  | 72.29833333333333 | 74.50042006944444 | 76.6950782773235 | 78.89846396366576 | 81.12570185264009 | 83.3620670337112 | 85.60693803053987 | 87.869458063572 | 90.15259948225714 | 92.45900348567821 | 94.79744578217016 | 97.17607169258777 | 99.62126459655252 | 102.1632671981746 | 104.8109985397272 | 107.5806291761395 | 110.476341111464 | 113.4882023610152 | 116.6469573267302 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Delete Row
 | Utilities |  |  |  |  |  | 1534.790333333333 | 1581.537488902778 | 1628.126947430039 | 1674.901677857247 | 1722.18275647176 | 1769.657594458498 | 1817.312998762603 | 1865.3430668924 | 1913.810897580487 | 1962.772559710254 | 2012.414349032927 | 2062.909179074078 | 2114.817131292529 | 2168.780215092677 | 2224.987769000496 | 2283.783070796333 | 2345.254898451935 | 2409.192410120981 | 2476.248265536015 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Delete Row
 | Operator Liability Insurance |  |  |  |  |  | 16.52533333333333 | 17.02866744444444 | 17.53030360624537 | 18.03393462026646 | 18.54301756631774 | 19.05418675056256 | 19.56730012126625 | 20.08444755738789 | 20.60630845308735 | 21.13348651101216 | 21.66798760735318 | 22.21167352973435 | 22.77057476492629 | 23.35160393101133 | 23.95679966622337 | 24.58985809740332 | 25.25173511119176 | 25.94016053966062 | 26.66216167468118 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Delete Row
 | Operator Profit - GI Fee |  |  |  |  |  | 139.05 | 143.2215 | 147.518145 | 151.94368935 | 156.5020000305 | 161.197060031415 | 166.0329718323575 | 171.0139609873282 | 176.1443798169481 | 181.4287112114565 | 186.8715725478002 | 192.4777197242342 | 198.2520513159612 | 204.1996128554401 | 210.3256012411033 | 216.6353692783364 | 223.1344303566865 | 229.8284632673871 | 236.7233171654087 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Delete Row
 | Operator Profit - Award Fee |  |  |  |  |  | 141.11 | 145.3433 | 149.703599 | 154.19470697 | 158.8205481791 | 163.585164624473 | 168.4927195632072 | 173.5475011501034 | 178.7539261846065 | 184.1165439701447 | 189.6400402892491 | 195.3292414979265 | 201.1891187428643 | 207.2247923051503 | 213.4415360743048 | 219.8447821565339 | 226.4401256212299 | 233.2333293898668 | 240.2303292715629 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Delete Row
 | Operator Profit - Mgmt Fee |  |  |  |  |  | 123.9762440699401 | 127.7501336525363 | 131.5111541151689 | 135.2870127607261 | 139.1036389527394 | 142.9357804870993 | 146.7823752742101 | 150.6590972033968 | 154.5710414884751 | 158.5227341607221 | 162.5292197752006 | 166.6044595726007 | 170.7936820932721 | 175.1487293401372 | 179.6848836823821 | 184.4298560846085 | 189.3908077901489 | 194.5507004625673 | 199.962222571297 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Delete Row
 | Building & Grounds |  |  |  |  |  | 56.80583333333333 | 58.53604434027778 | 60.26041864646847 | 61.99165025716596 | 63.74162288421722 | 65.4987669550588 | 67.26259416685275 | 69.04028847852086 | 70.83418530748776 | 72.64635988160431 | 74.48370740027656 | 76.35262775846182 | 78.27385075443412 | 80.27113851285144 | 82.35149885264283 | 84.52763720982391 | 86.80283944472167 | 89.16930185508339 | 91.65118075671657 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Delete Row
 | Vehicle Maintenance |  |  |  |  |  | 7.229833333333333 | 7.450042006944445 | 7.669507827732351 | 7.889846396366576 | 8.11257018526401 | 8.33620670337112 | 8.560693803053987 | 8.7869458063572 | 9.015259948225715 | 9.24590034856782 | 9.479744578217016 | 9.717607169258777 | 9.962126459655252 | 10.21632671981746 | 10.48109985397272 | 10.75806291761395 | 11.0476341111464 | 11.34882023610152 | 11.66469573267302 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Delete Row
 | Consumables |  |  |  |  |  | 449.2825 | 462.9668961458333 | 476.605129294796 | 490.2975974884944 | 504.1382900842635 | 518.0357022809196 | 531.9859720469262 | 546.0459179664831 | 560.2340110683123 | 574.5666645181432 | 589.0984130749146 | 603.8798740896526 | 619.0750014214335 | 634.8717318743704 | 651.3254909254479 | 668.5367670231527 | 686.5315483355259 | 705.2481146720232 | 724.8775205303947 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Delete Row
 | Office Equipment & Supplies |  |  |  |  |  | 40.2805 | 41.50737689583333 | 42.7301150402231 | 43.9577156368995 | 45.19860531789949 | 46.44458020449624 | 47.69529404558649 | 48.95584092113297 | 50.22787685440041 | 51.51287337059215 | 52.81571979292337 | 54.14095422872747 | 55.50327598950783 | 56.9195345818401 | 58.39469918641946 | 59.93777911242059 | 61.55110433352991 | 63.22914131542277 | 64.98901908203538 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Delete Row
 | Equipment Rental |  |  |  |  |  | 7.229833333333333 | 7.450042006944445 | 7.669507827732351 | 7.889846396366576 | 8.11257018526401 | 8.33620670337112 | 8.560693803053987 | 8.7869458063572 | 9.015259948225715 | 9.24590034856782 | 9.479744578217016 | 9.717607169258777 | 9.962126459655252 | 10.21632671981746 | 10.48109985397272 | 10.75806291761395 | 11.0476341111464 | 11.34882023610152 | 11.66469573267302 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Delete Row
 | Equipment & Tools |  |  |  |  |  | 18.591 | 19.157250875 | 19.72159155702604 | 20.28817644779977 | 20.86089476210745 | 21.43596009438288 | 22.01321263642453 | 22.59500350206137 | 23.18209700972326 | 23.77517232488868 | 24.37648605827233 | 24.98813272095114 | 25.61689661054208 | 26.27055442238774 | 26.95139962450129 | 27.66359035957873 | 28.40820200009073 | 29.1826806071182 | 29.99493188401633 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Delete Row
 | Outside Services |  |  |  |  |  | 61.97 | 63.85750291666667 | 65.73863852342015 | 67.62725482599923 | 69.5363158736915 | 71.4532003146096 | 73.37737545474845 | 75.31667834020458 | 77.27365669907755 | 79.2505744162956 | 81.25495352757443 | 83.2937757365038 | 85.3896553684736 | 87.56851474129247 | 89.83799874833763 | 92.21196786526245 | 94.6940066669691 | 97.27560202372734 | 99.98310628005444 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Delete Row
 | Use of Existing Spare Parts |  |  |  |  |  | -1127.96034531828 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Delete Row
 | CT Planned Outage Total |  |  |  |  |  | 6908.112 | 660.574 | 617.562 | 4009 | 709.071 | 698.601 | 10662 | 923.894 | 860.22 | 9210 | 709 | 2227.746 | 8987 | 964 | 870.804 | 2811 | 1017 | 818.536 | 8524 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Delete Row
 | ST Planned Outage Total |  |  |  |  |  | 51.549 | 987.409 | 55.193 | 66.955 | 231.384 | 71.619 | 63.327 | 1141.993 | 67.86 | 82.003 | 282.327 | 87.783 | 77.995 | 1363.599 | 83.65 | 100.672 | 345.209 | 107.851 | 96.318 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Delete Row
 | HRSG Maintenance Total |  |  |  |  |  | 945.388 | 11 | 45.502 | 12 | 48.936 | 1061 | 53.722 | 13 | 58.896 | 14 | 1279.498 | 15 | 70.572 | 16 | 77.165 | 1426 | 84.332 | 18 | 92.132 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Delete Row
 | Electrical [NAME] |  |  |  |  |  | 24.942 | 43.127 | 26.561 | 27.411 | 28.291 | 29.199 | 30.137 | 51.869 | 32.107 | 33.142 | 34.212 | 35.318 | 36.461 | 62.433 | 38.861 | 40.125 | 41.43 | 42.777 | 44.174 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Delete Row
 | BOP Planned Outage Total |  |  |  |  |  | 63.679 | 169.888 | 202.483 | 175.196 | 85.568 | 468.708 | 46.903 | 250.99 | 225.341 | 31.28 | 215.145 | 471.656 | 43.166 | 270.399 | 348.209 | 282.935 | 25.728 | 504.88 | 66.872 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Delete Row
 | Other Expenses |  |  |  |  |  | 36 | 37.0958553067378 | 38.18797370143922 | 39.28440078115759 | 40.39266586809609 | 41.50543627239329 | 42.62240358637215 | 43.7481191659794 | 44.88406255028916 | 46.03154800016804 | 47.19494412660545 | 48.37830496970083 | 49.59476391210186 | 50.8593747418887 | 52.17657512609046 | 53.55441172504231 | 54.99496400777401 | 56.4932844126273 | 58.06467252311374 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Delete Row
 | Total O&M - Other |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Delete Row
 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Delete Row
 | O&M - Total |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Delete Row
 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Delete Row
 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Delete Row
Plant Ownership/Operation (Con't)
 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Delete Row
 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Delete Row
 | Other |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Delete Row
 | Property Taxes |  |  |  |  |  | 1811.107731556229 | 1803.691748303372 | 1796.44781670992 | 1789.373903168547 | 1782.476951309785 | 1775.747203478854 | 2457.257797921337 | 2448.430760595632 | 2439.888956248009 | 2431.597910511488 | 2423.618515806836 | 2415.897431307502 | 2408.495616046279 | 2401.392688914273 | 2394.616699462786 | 2388.183077737815 | 2382.107727186234 | 2376.388200266599 | 2371.061139783508 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Delete Row
 | Insurance |  |  |  |  |  | 320.1783333333333 | 329.9304317361111 | 339.6496323710041 | 349.4074832676627 | 359.2709653474062 | 369.1748682921496 | 379.1164398495337 | 389.1361714243903 | 399.2472262785674 | 409.4613011508607 | 419.8172598924679 | 430.351174638603 | 441.1798860704469 | 452.4373261633444 | 464.1629935330778 | 476.4285006371893 | 489.2523677793404 | 502.5906104559246 | 516.5793824469479 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Delete Row
 | Other G&A |  |  |  |  |  | 332 | 350.8035285833332 | 361.142535845316 | 371.5229126658396 | 382.0158901524931 | 392.5521379520043 | 403.1287219592753 | 413.7887049907864 | 424.5460866227489 | 435.4133100131837 | 446.431705606709 | 457.6396405785604 | 469.1613745693496 | 481.1393491437904 | 493.6155868234807 | 506.6662685493329 | 520.3111075792142 | 534.5033526399513 | 549.3878374206483 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Delete Row
 | Total Other |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Delete Row
 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Delete Row
 | CAPEX |  |  |  |  |  | 118.810567233693 | 122.427211417014 | 126.031522693704 | 129.650053895696 | 133.307653996375 | 136.980122966803 | 140.666442971118 | 144.381634819922 | 148.130581426455 | 151.917620237359 | 155.757168951234 | 159.662607090409 | 163.677278672719 | 167.850865617632 | 172.19801352895 | 176.74527874775 | 181.499524132226 | 186.444421276627 | 191.630463297493 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Delete Row
 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Delete Row
 | Operating Costs - Fuel
 | Operating Costs - Other Than Fuel |  |  |  | Esc. Post 2019: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Hardcode/Data Input Format (2001-19)
 | Operating Costs - Total
 | Cost Saving Opportunities:
 | Efficiency Gains (EWG) |  |  |  |  | 0.03 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | NOTE:  Efficiency Gain (EWG) reflected in heat rate (i.e., not shown as a line item) post 2019.
 | Avoided O&M Contract Margin |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Hardcode/Data Input Format (2001-19) | NOTE:  Avoided O&M Contract Margin assumed to be zero post 2019, as the contract expires with the initial term of the PPA.
 | Other Operating Cost Savings |  |  |  |  | 0
 | Debt Service (Detailed on Page 5)
 | Total Cost to Brazos
 | NPV
 | Avoided Costs
 | Cost to Unwind Swap
 | Total Stranded Investment Mitigation |  |  |  |  |  | Equals a
 | Cost of Ownership/Operation |  |  |  |  | ($/MWh)
 | Stranded Investment
 | Quantity Delivered |  |  |  |  | (MWh)
 | Cost to Own/Operate vs. Market Price |  |  |  |  | ($/MWh)
 | Stranded Investment
 | Stranded Investment Mitigation
 | Proforma Impact
 | Operating Expenses
 | Depreciation & Amorization |  |  |  | Year Life, or
 | EBIT
Debt Service
 | Project-Level Debt |  |  |  | Refinance: | Yes
 | Beginning Principal
 | Interest
 | Principal Amortization
 | Ending Principal
 | New Debt - RUS |  |  |  | Term: | 25
 | Beginning Principal
 | Interest |  |  |  | Cost of Debt:
 | Principal Amortization
 | Ending Principal
 | New Debt - Market |  |  |  | Term: | 13
 | Beginning Principal
 | Interest |  |  |  | Cost of Debt: | 0.09
 | Principal Amortization
 | Ending Principal
 | Debt Service - Total
 | Interest
 | Principal Amortization
 | Total Cost
 | Effective TIER
 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Delete Row
 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Delete Row
 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Delete Row
 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Delete Row
 | Project-Level Debt
 | Tranche (A) Principal Total |  |  |  |  | 80300 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Delete Row
 | Tranche (B) Principal Total |  |  |  |  | 70000 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Delete Row
 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Delete Row
 | Tranche B1 (Fixed Interest Rate) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Delete Row
 | Principal |  |  |  |  |  | 11000 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Delete Row
 | Total |  |  |  |  |  | 0.0972 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Delete Row
 | Interest |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Delete Row
 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Delete Row
 | Tranche A1 & B2 (Swapped for Fixed Interest Rate) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Delete Row
 | Principal |  |  |  |  |  | 119000 |  |  |  |  |  | 84000 |  |  | 54000 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Delete Row
 | LIBOR |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 0 | 0 | 0 | 0 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Delete Row
 | Spread |  |  |  |  |  | 0.01375 | 0.01375 | 0.01375 | 0.01375 | 0.01625 | 0.01625 | 0.01625 | 0.01625 | 0.01875 | 0.01875 | 0.01875 | 0.01875 | 0.02 | 0.02 | 0.02 | 0.02 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Delete Row
 | Total (w/365 Day Gross-Up) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Delete Row
 | Interest |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Delete Row
 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Delete Row
 | Tranche A2 (Floating Interest Rate) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Delete Row
 | Principal |  |  |  |  |  | 14654.15625 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Delete Row
 | LIBOR |  |  |  |  |  | 0.07957032891983629 | 0.07927117062350597 | 0.07922096365607727 | 0.0797979010789283 | 0.08015985013141236 | 0.08068959854312374 | 0.08038743533139651 | 0.08019617416002507 | 0.08045044329200206 | 0.07928381607450681 | 0.07913815997454159 | 0.07885101943997837 | 0.07878535804067717 | 0.07871934048300644 | 0.07887327697398812 | 0.07858664877591925 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Delete Row
 | Spread |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Delete Row
 | Total (w/365 Day Gross-Up) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Delete Row
 | Interest |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Delete Row
 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Delete Row
 | Amortization of Tranche A |  |  |  | Tenor: |  | 0.0275 | 0.0275 | 0.0325 | 0.0375 | 0.0425 | 0.0475 | 0.1071 | 0.1253 | 0.1167 | 0.1339 | 0.1555 | 0.08650000000000001 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Delete Row
 | B.O.Y. Balance |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Delete Row
 | [NAME] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Delete Row
 |  | EOQ1B |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Delete Row
 | Principal Q2 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Delete Row
 |  | EOQ2B |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Delete Row
 | Principal Q3 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Delete Row
 |  | EOQ3B |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Delete Row
 | Principal Q4 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Delete Row
 |  | EOQ4B |  |  |  | 75482.25 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Delete Row
 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Delete Row
 | Average Principal Outstanding |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Delete Row
 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Delete Row
 | Amortization of Tranche B |  |  |  | Tenor: |  | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.164284 | 0.18 | 0.197144 | 0.218572 | 0.24 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Delete Row
 | B.O.Y. Balance |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Delete Row
 | [NAME] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Delete Row
 |  | EOQ1B |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Delete Row
 | Principal Q2 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Delete Row
 |  | EOQ2B |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Delete Row
 | Principal Q3 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Delete Row
 |  | EOQ3B |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Delete Row
 | Principal Q4 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Delete Row
 |  | EOQ4B |  |  |  | 70000 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Delete Row
 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Delete Row
 | Average Principal Outstanding |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Delete Row
 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Delete Row
 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Delete Row
 | TOTAL PRINCIPAL OUTSTANDING-AVG (Interest) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Delete Row
 | TOTAL PRINCIPAL OUTSTANDING-EOY |  |  |  |  | 145482.25 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Hardcode/Data Input Format (2001-19)
 | Total Interest |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Hardcode/Data Input Format (2001-19)
 | Total  Principal |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Hardcode/Data Input Format (2001-19)
 | Total Debt Service |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Hardcode/Data Input Format (2001-19)
 | All-In Average Interest Cost |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Hardcode/Data Input Format (2001-19)
 |  |  |  |  |  | t = 0
Summary (Pages 1 through 6)
 | Capacity Charges
 | Energy Charges
 | O&M Pass-Through
 | Total Cost to Brazos
 |  |  |  |  |  | ($/MWh)
 | Operating Costs - Total (Including Savings)
 | Debt Service
 | Total Cost to Brazos
 |  |  |  |  |  | ($/MWh)
 |  |  |  |  |  | t = 0
Blend and Extend Alternatives (Indicative)
 | Base Rate |  |  | 0.07 | Date = |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Delete Row
 | Spread |  |  | 0.02 | n = |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Delete Row
 | Seller Equity Cost |  |  |  | PVIF = |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Delete Row
 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Delete Row
 | LIBOR |  |  | 0.07
 | Credit Reserve |  |  | 0.02
 | Seller Power Exchange Cost |  |  |  | PVIF =
Full Term Blend & Extend from [NAME]
 | Design Basis
 | Contract Capacity |  |  |  |  | (kW) | 258000
 | Capacity Rate |  |  | Rate Esc: | -0.01448890022150225 | ($/kW) | 13.63678337139058
 | Capacity Charges
 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Delete Row
 | Operating Margin |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Delete Row
 | NPV |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Delete Row
 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Delete Row
 | Delta to PPE/ENA Equity Offer Price |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Delete Row
 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Delete Row
 | Cost to Brazos
 | Capacity Charges
 | Energy Charges
 | Total Cost to Brazos
 |  |  |  |  |  | ($/MWh)
Market (Index) Plus Power Exchange on Full Output
 | Design Basis
 | Quantity Delivered (Full Output) |  |  |  | Term (Years): | 13
 | Premium to Market |  |  |  |  | ($/MWh) | 8.928326281491817
 | Premium to Market
 | [NAME] to Equity From Contractual Cf
 | Net Seller Shortfall
 | Cost to Brazos
 | Operating Costs
 | Debt Service
 | Premium to Index
 | Total Cost to Brazos
 |  |  |  |  |  | ($/MWh)
Production Payment on Partial Output
 | Design Basis
 | Capacity Commitment |  |  |  |  | (MW) | 45.80056782245754
 | Annual Capacity Factor |  |  |  |  |  | 1
 | Quantity Delivered |  |  |  | Term (Years): | 13
 |  |  |  |  |  | ($/MWh)
 | Market Price (Cost of Replacement Power to Brazos)
 | [NAME] to Equity From Contractual Cf
 | Net Seller Shortfall
 | Cost to Brazos
 | Operating Costs
 | Debt Service
 | Replacement Power Cost
 | Total Cost to Brazos
 |  |  |  |  |  | ($/MWh)
Summary of Renewal Term Values |  |  |  |  | Date =
 |  |  |  |  | n =
 |  |  |  |  | PVIF =
 | Hours Per Year |  |  |  |  |  | 8784 | 8760 | 8760 | 8760 | 8784 | 8760 | 8760 | 8760 | 8784 | 8760 | 8760 | 8760 | 8784 | 8760 | 8760 | 8760 | 8784
 | Quantity Delivered (MWh)
 | Contract Capacity |  |  |  |  |  | 258000 | 258000 | 258000 | 258000 | 258000 | 258000 | 258000 | 258000 | 258000 | 258000 | 258000 | 258000 | 258000 | 258000 | 258000 | 258000 | 258000
 | Annual Capacity Factor
 | Quantity Delivered |  |  |  |  | (MWh)
 | Avoided Capacity Charges - Renewal Term
 | Contract Capacity |  |  |  |  | (kW)
 | Capacity Rate |  |  |  |  | ($/kW) | 0.5 | 0.5 | 0.5 | 0.5 | 0.5 | 0.5 | 0.5 | 0.5 | 0.5 | 0.5 | 0.5 | 0.5 | 0.5 | 0.5 | 0.5 | 0.5 | 0.5
 | Capacity Charges
 | Avoided Gas Management Fees - Renewal Term
 | Cost of Gas - Management Fee  (Per PPA) |  |  |  |  | ($/Dth)
 | Cost of Gas - Management Fee (Market) |  |  |  |  | ($/Dth)
 | Cost of Gas - Management Fee (Net) |  |  |  |  | ($/Dth)
 | Heat Rate - Operating |  |  |  |  | (Btu/kWh)
 | Quantity Delivered |  |  |  |  | (MWh)
 | Fuel Use |  |  |  |  | ([NAME])
 | Cost of Gas - Management Fee (Net)
 | Incremental Cost of Renewal Term to Brazos
Key Sensitivities |  |  |  |  |  | Annual Capacity Factor
 |  |  |  | Base Value* |  | 1 | 0.99 | 0.98 | 0.97 | 0.96 | 0.95 | 0.94 | 0.93 | 0.92 | 0.91 | 0.9 | 0.89 | 0.88 | 0.87 | 0.86 | 0.85 | 0.84 | 0.83 | 0.82 | 0.81
 |  |  |  | Efficiency Gain | 0 |  | 112971.9920989594 | 112987.7974638017 | 113003.6028286454 | 113019.4081934884 | 113035.2135583321 | 113051.0189231741 | 113066.8242880171 | 113082.6296528608 | 113098.4350177033 | 113114.2403825456 | 113130.0457473896 | 113145.8511122321 | 113161.6564770755 | 113177.4618419185 | 113193.2672067608 | 113209.0725716045 | 113224.877936447 | 113240.6833012903 | 113256.4886661326
 |  |  |  |  | 0.005 | 115859.9617157886 | 115846.7293308142 | 115833.4969458403 | 115820.2645608673 | 115807.0321758939 | 115793.7997909198 | 115780.5674059456 | 115767.3350209722 | 115754.1026359983 | 115740.8702510244 | 115727.6378660509 | 115714.4054810768 | 115701.1730961029 | 115687.9407111297 | 115674.7083261556 | 115661.4759411821 | 115648.2435562089 | 115635.0111712345 | 115621.7787862613 | 115608.5464012877
 |  |  |  |  | 0.01 | 118763.7366974601 | 118721.4665626695 | 118679.1964278794 | 118636.9262930898 | 118594.6561582983 | 118552.3860235075 | 118510.1158887176 | 118467.8457539268 | 118425.5756191364 | 118383.3054843454 | 118341.0353495558 | 118298.7652147654 | 118256.4950799749 | 118214.2249451834 | 118171.954810394 | 118129.6846756039 | 118087.4145408124 | 118045.1444060227 | 118002.8742712319 | 117960.6041364423
 |  |  |  |  | 0.015 | 121667.5116791325 | 121596.2037945248 | 121524.8959099175 | 121453.5880253105 | 121382.2801407033 | 121310.9722560963 | 121239.6643714891 | 121168.3564868819 | 121097.0486022744 | 121025.7407176672 | 120954.4328330599 | 120883.1249484536 | 120811.8170638452 | 120740.5091792389 | 120669.2012946315 | 120597.8934100242 | 120526.5855254175 | 120455.2776408095 | 120383.9697562035 | 120312.6618715953
 |  |  |  |  | 0.02 | 124571.2866608032 | 124470.9410263805 | 124370.5953919559 | 124270.2497575325 | 124169.9041231084 | 124069.5584886842 | 123969.2128542608 | 123868.8672198369 | 123768.5215854119 | 123668.1759509891 | 123567.8303165655 | 123467.4846821416 | 123367.1390477179 | 123266.7934132938 | 123166.4477788692 | 123066.1021444458 | 122965.7565100214 | 122865.4108755975 | 122765.0652411738 | 122664.7196067495
 |  |  |  |  | 0.025 | 127475.0616424757 | 127345.6782582353 | 127216.2948739948 | 127086.9114897544 | 126957.5281055139 | 126828.1447212731 | 126698.7613370314 | 126569.3779527913 | 126439.9945685514 | 126310.6111843111 | 126181.2278000694 | 126051.8444158297 | 125922.4610315887 | 125793.0776473484 | 125663.6942631069 | 125534.3108788666 | 125404.9274946258 | 125275.5441103848 | 125146.1607261449 | 125016.7773419046
 |  |  |  |  | 0.03 | 130378.8366241478 | 130220.4154900913 | 130061.9943560327 | 129903.5732219759 | 129745.1520879182 | 129586.7309538608 | 129428.309819804 | 129269.8886857468 | 129111.4675516898 | 128953.0464176307 | 128794.6252835749 | 128636.2041495177 | 128477.7830154605 | 128319.3618814026 | 128160.9407473444 | 128002.5196132883 | 127844.0984792304 | 127685.6773451727 | 127527.2562111153 | 127368.8350770583
 |  |  |  |  | 0.035 | 133282.6116058198 | 133095.1527219464 | 132907.6938380706 | 132720.234954197 | 132532.776070324 | 132345.3171864492 | 132157.8583025755 | 131970.3994187021 | 131782.9405348266 | 131595.4816509529 | 131408.0227670798 | 131220.5638832056 | 131033.1049993311 | 130845.6461154576 | 130658.1872315831 | 130470.7283477085 | 130283.2694638351 | 130095.8105799602 | 129908.3516960873 | 129720.8928122129
 |  |  |  |  | 0.04 | 136186.3865874917 | 135969.8899538005 | 135753.3933201097 | 135536.8966864194 | 135320.4000527291 | 135103.9034190376 | 134887.4067853466 | 134670.9101516563 | 134454.4135179652 | 134237.916884274 | 134021.4202505834 | 133804.9236168936 | 133588.4269832026 | 133371.9303495127 | 133155.4337158208 | 132938.93708213 | 132722.440448439 | 132505.9438147487 | 132289.4471810581 | 132072.9505473669
 |  |  |  |  | 0.045 | 139090.1615691637 | 138844.6271856558 | 138599.0928021481 | 138353.5584186413 | 138108.0240351334 | 137862.4896516262 | 137616.9552681183 | 137371.4208846116 | 137125.8865011034 | 136880.352117596 | 136634.8177340887 | 136389.2833505822 | 136143.7489670736 | 135898.2145835662 | 135652.680200058 | 135407.1458165515 | 135161.6114330438 | 134916.0770495373 | 134670.5426660283 | 134425.0082825203
 |  |  |  |  | 0.05 | 141993.9365508358 | 141719.3644175108 | 141444.7922841865 | 141170.2201508626 | 140895.6480175382 | 140621.0758842141 | 140346.5037508903 | 140071.9316175657 | 139797.3594842411 | 139522.7873509177 | 139248.2152175931 | 138973.6430842699 | 138699.0709509447 | 138424.4988176206 | 138149.9266842958 | 137875.3545509721 | 137600.7824176471 | 137326.2102843237 | 137051.638151 | 136777.066017675
 |  |  |  |  | 0.055 | 144897.7115325066 | 144594.1016493682 | 144290.4917662248 | 143986.881883085 | 143683.2719999438 | 143379.6621168023 | 143076.0522336615 | 142772.4423505212 | 142468.8324673797 | 142165.222584239 | 141861.612701098 | 141558.0028179572 | 141254.3929348155 | 140950.783051675 | 140647.1731685351 | 140343.5632853939 | 140039.9534022522 | 139736.3435191116 | 139432.7336359711 | 139129.1237528294
 |  |  |  |  | 0.06 | 147801.486514179 | 147468.8388812218 | 147136.1912482639 | 146803.5436153065 | 146470.8959823479 | 146138.2483493909 | 145805.6007164333 | 145472.9530834761 | 145140.3054505184 | 144807.65781756 | 144475.0101846026 | 144142.3625516451 | 143809.714918687 | 143477.0672857303 | 143144.4196527724 | 142811.7720198147 | 142479.1243868563 | 142146.4767539001 | 141813.8291209412 | 141481.181487984
 |  |  |  |  | 0.065 | 150705.2614958507 | 150343.5761130766 | 149981.8907303021 | 149620.2053475282 | 149258.5199647534 | 148896.8345819793 | 148535.1491992048 | 148173.4638164311 | 147811.7784336554 | 147450.0930508813 | 147088.4076681077 | 146726.7222853329 | 146365.0369025583 | 146003.3515197844 | 145641.6661370096 | 145279.9807542358 | 144918.295371461 | 144556.6099886871 | 144194.9246059118 | 143833.239223138
 |  |  |  |  | 0.07 | 153609.0364775227 | 153218.3133449317 | 152827.5902123407 | 152436.8670797504 | 152046.1439471585 | 151655.4208145672 | 151264.6976819767 | 150873.9745493855 | 150483.2514167938 | 150092.528284203 | 149701.8051516116 | 149311.0820190217 | 148920.3588864303 | 148529.6357538383 | 148138.9126212483 | 147748.1894886568 | 147357.4663560661 | 146966.7432234746 | 146576.0200908838 | 146185.2969582919
 |  |  |  |  |  | Annual Capacity Factor
 |  |  |  | Base Value* |  | 1 | 0.99 | 0.98 | 0.97 | 0.96 | 0.95 | 0.94 | 0.93 | 0.92 | 0.91 | 0.9 | 0.89 | 0.88 | 0.87 | 0.86 | 0.85 | 0.84 | 0.83 | 0.82 | 0.81
 |  |  |  | Treasury Rate | 0.0525 |  | 177685.2984722836 | 177496.3071036008 | 177307.3157349173 | 177118.3243662347 | 176929.332997551 | 176740.3416288679 | 176551.3502601846 | 176362.3588915018 | 176173.3675228192 | 175984.3761541347 | 175795.3847854524 | 175606.3934167686 | 175417.4020480858 | 175228.4106794037 | 175039.4193107183 | 174850.4279420355 | 174661.4365733527 | 174472.4452046701 | 174283.4538359866
 |  |  |  |  | 0.05375 | 170629.2317125553 | 170444.9595694025 | 170260.6874262507 | 170076.4152830981 | 169892.1431399453 | 169707.8709967937 | 169523.5988536407 | 169339.3267104886 | 169155.0545673363 | 168970.7824241836 | 168786.5102810315 | 168602.2381378787 | 168417.9659947266 | 168233.6938515739 | 168049.4217084227 | 167865.1495652695 | 167680.8774221174 | 167496.6052789658 | 167312.333135813 | 167128.0609926607
 |  |  |  |  | 0.055 | 163544.526585957 | 163364.8502557741 | 163185.1739255909 | 163005.4975954078 | 162825.8212652248 | 162646.1449350426 | 162466.4686048594 | 162286.7922746767 | 162107.1159444943 | 161927.4396143104 | 161747.7632841272 | 161568.086953945 | 161388.4106237618 | 161208.7342935782 | 161029.057963396 | 160849.3816332128 | 160669.7053030306 | 160490.0289728469 | 160310.3526426642 | 160130.676312482
 |  |  |  |  | 0.05625 | 156615.8276220334 | 156440.6274571849 | 156265.4272923372 | 156090.2271274892 | 155915.0269626412 | 155739.8267977925 | 155564.6266329442 | 155389.4264680969 | 155214.2263032482 | 155039.0261384002 | 154863.825973551 | 154688.6258087028 | 154513.4256438538 | 154338.2254790075 | 154163.0253141578 | 153987.8251493108 | 153812.624984462 | 153637.4248196138 | 153462.2246547649 | 153287.0244899169
 |  |  |  |  | 0.0575 | 149838.9245385546 | 149668.0845261905 | 149497.2445138288 | 149326.4045014647 | 149155.5644891018 | 148984.7244767379 | 148813.8844643752 | 148643.0444520118 | 148472.2044396484 | 148301.3644272853 | 148130.5244149219 | 147959.6844025585 | 147788.8443901951 | 147618.0043778326 | 147447.1643654685 | 147276.3243531054 | 147105.4843407432 | 146934.6443283791 | 146763.8043160159 | 146592.9643036525
 |  |  |  |  | 0.05875 | 143209.738812271 | 143043.1464491209 | 142876.5540859699 | 142709.9617228196 | 142543.3693596704 | 142376.7769965199 | 142210.1846333698 | 142043.5922702188 | 141876.9999070684 | 141710.4075439193 | 141543.8151807685 | 141377.2228176189 | 141210.6304544681 | 141044.0380913173 | 140877.4457281674 | 140710.8533650178 | 140544.261001867 | 140377.6686387167 | 140211.0762755659 | 140044.4839124156
 |  |  |  |  | 0.06 | 136724.3190647108 | 136561.8652366064 | 136399.4114085007 | 136236.957580396 | 136074.5037522903 | 135912.0499241841 | 135749.5960960789 | 135587.1422679741 | 135424.6884398675 | 135262.2346117627 | 135099.7807836565 | 134937.3269555517 | 134774.8731274451 | 134612.4192993399 | 134449.9654712342 | 134287.5116431289 | 134125.0578150235 | 133962.6039869182 | 133800.1501588123 | 133637.6963307066
 |  |  |  |  | 0.06125 | 130378.8366241478 | 130220.4154900913 | 130061.9943560327 | 129903.5732219759 | 129745.1520879182 | 129586.7309538608 | 129428.309819804 | 129269.8886857468 | 129111.4675516898 | 128953.0464176307 | 128794.6252835749 | 128636.2041495177 | 128477.7830154605 | 128319.3618814026 | 128160.9407473444 | 128002.5196132883 | 127844.0984792304 | 127685.6773451727 | 127527.2562111153 | 127368.8350770583
 |  |  |  |  | 0.0625 | 124169.5812565482 | 124015.0901371415 | 123860.5990177318 | 123706.1078983257 | 123551.6167789174 | 123397.1256595093 | 123242.6345401017 | 123088.1434206937 | 122933.6523012854 | 122779.1611818783 | 122624.6700624707 | 122470.1789430627 | 122315.6878236544 | 122161.1967042475 | 122006.7055848392 | 121852.2144654319 | 121697.7233460229 | 121543.2322266162 | 121388.741107208 | 121234.2499878001
 |  |  |  |  | 0.06375 | 118092.9570586374 | 117942.2963286864 | 117791.6355987359 | 117640.9748687851 | 117490.3141388341 | 117339.6534088845 | 117188.9926789326 | 117038.3319489833 | 116887.6712190325 | 116737.0104890808 | 116586.3497591305 | 116435.6890291802 | 116285.0282992295 | 116134.3675692794 | 115983.7068393282 | 115833.0461093772 | 115682.3853794269 | 115531.7246494754 | 115381.0639195249 | 115230.4031895758
 |  |  |  |  | 0.065 | 112145.478506451 | 111998.5514915942 | 111851.6244767371 | 111704.6974618805 | 111557.7704470237 | 111410.8434321668 | 111263.9164173102 | 111116.9894024532 | 110970.0623875968 | 110823.1353727398 | 110676.2083578829 | 110529.2813430268 | 110382.35432817 | 110235.4273133131 | 110088.5002984556 | 109941.5732836004 | 109794.6462687424 | 109647.7192538865 | 109500.7922390294 | 109353.8652241726
 |  |  |  |  | 0.06625 | 106323.7666531049 | 106180.4795302844 | 106037.192407463 | 105893.9052846401 | 105750.6181618192 | 105607.331038998 | 105464.0439161763 | 105320.7567933558 | 105177.4696705344 | 105034.1825477127 | 104890.8954248915 | 104747.6083020694 | 104604.3211792486 | 104461.0340564274 | 104317.7469336055 | 104174.459810785 | 104031.1726879636 | 103887.8855651424 | 103744.5984423207 | 103601.3113194997
 |  |  |  |  | 0.0675 | 100624.5454697227 | 100484.8071713566 | 100345.0688729913 | 100205.3305746263 | 100065.59227626 | 99925.85397789511 | 99786.11567952926 | 99646.37738116388 | 99506.6390827985 | 99366.90078443405 | 99227.16248606797 | 99087.42418770213 | 98947.68588933628 | 98807.94759097067 | 98668.20929260529 | 98528.47099423944 | 98388.73269587476 | 98248.99439750938 | 98109.25609914307 | 97969.51780077768
 |  |  |  |  | 0.06875 | 95044.63832374639 | 94908.36044546007 | 94772.08256717562 | 94635.80468889093 | 94499.52681060578 | 94363.24893232039 | 94226.97105403547 | 94090.69317574962 | 93954.4152974661 | 93818.13741918025 | 93681.8595408951 | 93545.58166261087 | 93409.30378432549 | 93273.0259060401 | 93136.74802775518 | 93000.47014947073 | 92864.19227118511 | 92727.91439289972 | 92591.63651461503 | 92455.35863633011
 |  |  |  |  | 0.07 | 89580.96458909917 | 89448.06130085886 | 89315.15801261761 | 89182.2547243766 | 89049.35143613513 | 88916.44814789458 | 88783.54485965334 | 88650.64157141163 | 88517.73828317062 | 88384.83499492914 | 88251.93170668837 | 88119.02841844806 | 87986.12513020705 | 87853.2218419658 | 87720.31855372479 | 87587.41526548285 | 87454.51197724254 | 87321.60868900106 | 87188.70540076098 | 87055.80211251904
 |  |  |  |  |  | Annual Capacity Factor
 |  |  |  | Base Value* |  | 1 | 0.99 | 0.98 | 0.97 | 0.96 | 0.95 | 0.94 | 0.93 | 0.92 | 0.91 | 0.9 | 0.89 | 0.88 | 0.87 | 0.86 | 0.85 | 0.84 | 0.83 | 0.82 | 0.81
 |  |  |  | Other Operating Cost Savings (Negative Value = Cost Increase) | -0.07 |  | 121026.1439252445 | 120867.7227911861 | 120709.30165713 | 120550.8805230721 | 120392.4593890146 | 120234.0382549576 | 120075.6171209002 | 119917.1959868432 | 119758.7748527841 | 119600.3537187288 | 119441.9325846713 | 119283.5114506141 | 119125.0903165562 | 118966.6691824985 | 118808.248048442 | 118649.826914384 | 118491.4057803263 | 118332.9846462689 | 118174.5635122119
 |  |  |  |  | -0.06 | 122498.0324257081 | 122339.6112916511 | 122181.1901575928 | 122022.7690235365 | 121864.3478894786 | 121705.9267554213 | 121547.5056213643 | 121389.0844873071 | 121230.6633532501 | 121072.242219191 | 120913.8210851352 | 120755.399951078 | 120596.9788170208 | 120438.5576829629 | 120280.1365489052 | 120121.7154148482 | 119963.2942807905 | 119804.873146733 | 119646.4520126756 | 119488.0308786186
 |  |  |  |  | -0.05 | 123811.4997921146 | 123653.0786580578 | 123494.6575239997 | 123336.2363899432 | 123177.815255885 | 123019.3941218276 | 122860.9729877706 | 122702.5518537133 | 122544.1307196566 | 122385.7095855977 | 122227.2884515419 | 122068.8673174845 | 121910.4461834275 | 121752.0250493695 | 121593.6039153119 | 121435.1827812549 | 121276.7616471972 | 121118.3405131397 | 120959.9193790823 | 120801.4982450251
 |  |  |  |  | -0.04 | 125124.9671585211 | 124966.5460244641 | 124808.1248904062 | 124649.7037563499 | 124491.2826222919 | 124332.8614882345 | 124174.4403541777 | 124016.0192201203 | 123857.5980860633 | 123699.1769520044 | 123540.7558179484 | 123382.3346838909 | 123223.9135498339 | 123065.4924157762 | 122907.0712817181 | 122748.6501476616 | 122590.2290136039 | 122431.8078795464 | 122273.386745489 | 122114.9656114317
 |  |  |  |  | -0.03 | 126438.4345249278 | 126280.0133908712 | 126121.5922568124 | 125963.1711227566 | 125804.7499886986 | 125646.3288546409 | 125487.907720584 | 125329.486586527 | 125171.0654524697 | 125012.6443184109 | 124854.2231843555 | 124695.8020502978 | 124537.3809162409 | 124378.9597821829 | 124220.5386481252 | 124062.1175140678 | 123903.6963800103 | 123745.2752459529 | 123586.8541118957 | 123428.4329778384
 |  |  |  |  | -0.02 | 127751.9018913344 | 127593.4807572775 | 127435.0596232193 | 127276.638489163 | 127118.2173551051 | 126959.7962210479 | 126801.3750869907 | 126642.9539529334 | 126484.5328188764 | 126326.1116848174 | 126167.690550762 | 126009.2694167045 | 125850.8482826473 | 125692.4271485894 | 125534.006014531 | 125375.584880475 | 125217.163746417 | 125058.7426123596 | 124900.3214783019 | 124741.9003442449
 |  |  |  |  | -0.01 | 129065.3692577409 | 128906.9481236846 | 128748.5269896258 | 128590.1058555695 | 128431.6847215118 | 128273.2635874546 | 128114.8424533978 | 127956.4213193404 | 127798.0001852831 | 127639.579051224 | 127481.1579171685 | 127322.736783111 | 127164.3156490542 | 127005.8945149961 | 126847.4733809382 | 126689.0522468812 | 126530.631112824 | 126372.2099787658 | 126213.7888447086 | 126055.3677106516
 |  |  |  |  | 0 | 130378.8366241478 | 130220.4154900913 | 130061.9943560327 | 129903.5732219759 | 129745.1520879182 | 129586.7309538608 | 129428.309819804 | 129269.8886857468 | 129111.4675516898 | 128953.0464176307 | 128794.6252835749 | 128636.2041495177 | 128477.7830154605 | 128319.3618814026 | 128160.9407473444 | 128002.5196132883 | 127844.0984792304 | 127685.6773451727 | 127527.2562111153 | 127368.8350770583
 |  |  |  |  | 0.01 | 131692.3039905545 | 131533.8828564975 | 131375.4617224392 | 131217.0405883829 | 131058.6194543249 | 130900.1983202677 | 130741.7771862107 | 130583.3560521533 | 130424.9349180963 | 130266.5137840374 | 130108.0926499818 | 129949.6715159242 | 129791.2503818672 | 129632.8292478095 | 129474.4081137516 | 129315.9869796946 | 129157.5658456369 | 128999.1447115792 | 128840.723577522 | 128682.302443465
 |  |  |  |  | 0.02 | 133005.7713569612 | 132847.3502229042 | 132688.9290888456 | 132530.5079547896 | 132372.0868207316 | 132213.6656866742 | 132055.244552617 | 131896.82341856 | 131738.4022845032 | 131579.9811504441 | 131421.5600163883 | 131263.1388823309 | 131104.7177482736 | 130946.2966142159 | 130787.8754801583 | 130629.4543461013 | 130471.0332120436 | 130312.6120779859 | 130154.1909439282 | 129995.7698098714
 |  |  |  |  | 0.03 | 134319.2387233677 | 134160.8175893109 | 134002.3964552525 | 133843.9753211963 | 133685.5541871381 | 133527.1330530806 | 133368.7119190237 | 133210.2907849667 | 133051.8696509097 | 132893.4485168508 | 132735.0273827952 | 132576.6062487378 | 132418.1851146803 | 132259.7639806226 | 132101.3428465649 | 131942.921712508 | 131784.5005784505 | 131626.0794443926 | 131467.6583103354 | 131309.2371762781
 |  |  |  |  | 0.04 | 135632.7060897741 | 135474.2849557176 | 135315.8638216592 | 135157.4426876027 | 134999.021553545 | 134840.6004194873 | 134682.1792854303 | 134523.7581513731 | 134365.3370173164 | 134206.9158832573 | 134048.4947492017 | 133890.0736151442 | 133731.652481087 | 133573.2313470291 | 133414.8102129716 | 133256.3890789147 | 133097.9679448572 | 132939.5468107993 | 132781.1256767416 | 132622.7045426848
 |  |  |  |  | 0.05 | 136946.1734561808 | 136787.7523221243 | 136629.3311880657 | 136470.9100540096 | 136312.4889199515 | 136154.067785894 | 135995.646651837 | 135837.2255177798 | 135678.8043837228 | 135520.383249664 | 135361.9621156082 | 135203.5409815509 | 135045.1198474937 | 134886.698713436 | 134728.2775793779 | 134569.8564453209 | 134411.4353112637 | 134253.0141772057 | 134094.5930431483 | 133936.1719090915
 |  |  |  |  | 0.06 | 138259.6408225878 | 138101.2196885305 | 137942.7985544724 | 137784.3774204161 | 137625.9562863582 | 137467.5351523007 | 137309.1140182437 | 137150.6928841865 | 136992.2717501295 | 136833.8506160702 | 136675.4294820148 | 136517.0083479576 | 136358.5872139004 | 136200.1660798425 | 136041.7449457846 | 135883.3238117276 | 135724.9026776701 | 135566.4815436127 | 135408.0604095554 | 135249.639275498
 |  |  |  |  | 0.07 | 139573.1081889942 | 139414.6870549372 | 139256.2659208791 | 139097.8447868228 | 138939.4236527646 | 138781.0025187074 | 138622.5813846504 | 138464.160250593 | 138305.7391165362 | 138147.3179824774 | 137988.8968484213 | 137830.4757143643 | 137672.0545803069 | 137513.6334462489 | 137355.2123121913 | 137196.7911781343 | 137038.3700440768 | 136879.9489100191 | 136721.5277759617 | 136563.1066419047
 |  |  |  | *Assumes a: |  | spread over Treasury.
 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | DELETE THIS COLUMN!!!
Blend & Extend Offer
Margin Required
Hurdle Rate
Term |  |  |  |  | 10 | Years
Escalator |  |  |  |  | 0 | Per Year
Contract |  |  |  |  | 500 | MW
Beginning Year |  |  |  |  | 2003
Ending Year
Minimum Take |  |  |  |  | 0.9
Adder in Year 1 |  |  |  |  | 6.100401247845344
Test Beginning Year
Test Ending Year
Minimum Take |  |  |  |  |  | (MWh)
Margin Over Index |  |  |  |  |  | ($/MWh)
Escalation Component |  |  |  |  |  | ($/MWh)
 |  |  |  |  |  | ($/MWh)
Margin Total
Equivalent Capacity Rate |  |  |  |  |  | ($/kW-mo.)