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BSPII Project Phase 3 epA <br /> Commercial Operations Phase <br /> After commercial operation date (COD) currently <br /> estimated to be 1 - 1 - 2016 <br /> We will start making principal and interest <br /> payments on bonds <br /> Elk River' s approximate cost during operation <br /> would be as follows : <br /> Fixed Monthly Charge = $23,267/MW-month <br /> (to cover debt service and fixed 0 &M) <br /> Variable Energy Charge = $20. 10/MWh <br /> • TOTAL COST = $55 . 53/MWh <br /> Includes busbar cost plus transmission <br /> 11 <br /> 1 <br />