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3.0 ERMUSR 07-08-2009
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3.0 ERMUSR 07-08-2009
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10/4/2021 3:53:54 PM
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City Government
type
ERMUSR
date
7/8/2009
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1ackground: <br /> Project Costs for Early 2016 In-service <br /> Project Cost (for 30 Megawatt share) : <br /> ® Construction Cost: $ 100 ML2 <br /> ■ Interest During Construction (IDC) : 23 M3 <br /> ■ Total Project Cost : $ 123 M4 <br /> 1 . Cost shown in nominal dollars, and includes both plant and associated transmission and all <br /> development costs. Includes cost escalation for all expenditures to the year in which they are <br /> expended during the construction period. Transmission represents about 16% of total project costs. <br /> 2. Previous discussion amount of $90 million was order-of-magnitude figure using $3,000/kW, based on <br /> $3,220/kW project cost estimate for 2014/2015 in-service provided ERMU on April 15, 2009. <br /> 3. Accumulated interest on construction expenditures during the construction period as of the date of <br /> commercial operation. IDC to be included in bonding, so ERMU customers do not pay until plant <br /> is in-service. 3 <br /> 4. Total amount to be recovered during the project lifetime (30 years book life) <br />
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