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True-UpDevelopmentCost and epikCosts going forward <br /> (assuming Elk River participates in 30 MW) <br /> Elk River's True-up Cost: <br /> By August 31 , 2009, one-time buy-in cost to Elk River to <br /> true- up costs among (internal and external ) participants will <br /> be about $87,000/MW . <br /> Assuming 30 MW, this would equate to approximately $2.6 Million <br /> Elk River's Development Cost going forward <br /> From 9/ 1/09 to Financial Close on 9/ 1/ 10 <br /> Elk River's share of Monthly P & I costs on MCMU interim financing (for <br /> the duration of time between the CON and Financial Close) would be <br /> approximately $ 1,390 per MW per month <br /> Assuming 30 MW this would equate to approximately $41,630/month. <br /> If ERMU finances the $2.6 million true-up payment, interest on that <br /> financing would be an additional $8,666/month . <br /> Total monthly payments to Fall 2010 would be about $50,300/month. <br /> ERMU can have CMMPA finance these monthly payments in the true-up <br /> bonding together with the $2.6 million, if desired. <br /> Total development cost at financial close is <br /> 9 <br /> projected to be approximately $115,000 per MW. <br /> ( ( ( <br />