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Cost F' ecovery (cont'd) epys, <br /> Scenario C: Project cancelled in Fall 2010 (coned) <br /> ERMU Investment (for 30 Megawatt share) : $ 3 . 44 M <br /> ERMU customers pay for project cancellation <br /> (starting September 2010) : <br /> • $3 .44 million principal, five (5) years recovery at 5 . 5%/year <br /> interest rate = $65,640/months <br /> • Assuming ERMU retail revenue is about $2 million/month : <br /> This represents an ERMU retail rate increase of ($65,640 per <br /> month/$2 million) = about 3.3%. <br /> Or, assuming retail rate of 10 cents/kWh, the rate increase would <br /> be 0.33 cents/kWh . <br /> 10 <br />