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Lost l'oecovery Scenarios (cont'd) Q.PA <br /> Scenario D : Project Cancelled 7 /1/2012 (cont'd) <br /> ERMU Project Cost (for 30 Megawatt share) = $60 M <br /> less 16% ( s10 M ) for transmission -- s50 M <br /> Debt payments starting at in -service date : . <br /> • $ 103 million, 30 years recovery at 5 . 5%/year interest rate = <br /> $293,000/month <br /> ERMU customers pay for Big Stone II plant debt <br /> service starting at in -service date in 2016 <br /> • ($293,000 per month)/(25,810 MWh per month of ERMU retail <br /> sales2) = $ 11/MWh, or 1 . 1 cents/kWh on ERMU retail sales in <br /> 2016 . <br /> • If ERMU retail rate in 2012 is 13 cents/kWh', this would be a <br /> rate increase of about 8% . <br /> 1 . From RW Beck study, Chart 16. Study shows production costs (wholesale rate) <br /> will increase about 3 cents/kWh in 2012 compared to current rates. Current retail rate <br /> is about 10 cents/kWh. 12 <br /> 2. From RW Beck study Chart 27: ERMU monthly retail sales in 2012 after CIP impacts <br /> I I <br />