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• • <br /> Expenditures and Amortization <br /> Phase 3: Operations* (Assumes 30 MW FIRMU Share) <br /> Project construction cost : $ 123 million <br /> From Phase 2 <br /> This is the amount to be recovered in rates . <br /> Amortization in customer rates <br /> ■ Similar to a house mortgage payment. <br /> • Customer payments start at in -service <br /> January 2016 <br /> • $ 123 million , amortized over 30 years <br /> at 5 . 5% interest rate . <br /> $ 123M * (A/P, 30 years, 5 . 5%) = $698, 380/month <br /> • Capital - related cost of project : $35.43/ MWh <br /> * Assumes CMMPA does bond financing for all ERMU costs <br /> 18 and interest, at 5.5% interest rate. <br />