Draft EIS_072312.pdf - Middle Fork American River Project ...

20120723-4002 FERC PDF (Unofficial) 07/23/2012
Table 4-1. Parameters for the economic analysis of the Middle Fork American River
Project.
Assumption Value Source
Period of economic analysis
(years)
Current net investment
(2011 dollars) a
Current annual costs
including operation and
maintenance, and FERC fees
(2011 dollars) b
274
30 Staff
$0
$19,040,000 PCWA
Relicense application costs c $52,100,000 PCWA
Term of financing (years) 20 Staff
Cost of capital (percent) d 6.25 PCWA
Discount rate (percent) e 8 Staff
Energy rate ($/MWh) f 37.69 PCWA
Capacity rate
($/kilowatt-year) g
36 PCWA
a
Net investment not provided in the license application.
b
Annual costs were derived from exhibit D, section 4(iv) of the license application.
c
The cost to develop the license application was provided in exhibit D, section 5 of
the license application.
d
The cost of capital was in exhibit E, section 11, table 11-1 of the license application.
e
The discount rate was not provided in the license application, and was therefore
approximated by staff.
f
The energy rate is the average of the on-peak ($41.66/MWh) and off-peak
($30.07/MWh) rates provided in exhibit D, section 8 of the license application.
g
The capacity rate was provided in exhibit D, section 5 of the license application.
4.2 COMPARISON OF ALTERNATIVES
Table 4-2 compares the annual costs and annual power benefits for the three
alternatives considered in this draft EIS: no action, PCWA’s proposal, the staff
alternative, Alternative 1, and the staff alternative with mandatory conditions.