CT2015-140 Contract - Laserfiche WebLink

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• Reclamation LOPP charge of$0.002 per kilowatt-hour(kwhr)as required by its updated standard of 2012 and also includes an annual administrative charge of$2,000. This is less than the $0.005 per kwhr charged for Carter Hydro per Reclamation policy in 2010. The results of the Planning Scenario are used to insure that the project will be able to repay the project and all its associated costs, even if the cost of the project is higher than anticipated and even if the revenues are lower than anticipated. The analysis shows that cash flow is positive and will be able to pay for all costs including all Northern Water pre-financed costs. However, under this analysis,there is little extra cash flow beyond what is required. On the other hand,the results of the Probable Scenario illustrate a favorable cash flow throughout the loan term. In fact, at the end of the 30-year term,there is nearly $1,300,000 of accumulated revenue above and beyond all of the costs incurred by the project. The conclusion of this financial analysis is that the project will pay for itself, even under conservative assumptions, and it has the potential for providing a favorable cash flow. Schedule The attached project schedule was prepared showing the timing of events leading up to an on- line date of May 1, 2016. In order to hold to this date,a loan application will need to be submitted to CWCB by April 1, 2014 for CWCB Board action in May, 2014. It will take several months to finalize the loan. At the time that funds are ready to be dispersed,the turbine equipment will be ordered. This equipment has an order-to-delivery time of nearly 15 months, which would result in a delivery date of February, 2016. Following installation and testing,the plant should be ready for operation by May 1, 2016. This coincides with the time when releases are increased from Granby Dam from 20 cfs up to 75 cfs for the summer.