Minutes of the Annual Meeting of the Power - New York Power ...

Exhibit B
NEW YORK POWER AUTHORITY
HYDROELECTRIC PROJECTS
CAPITAL COST SUMMARY
($000)
2007 2008
Existing Assets: 1/
Depreciation- Debt Financed 2,634 2,568
Depreciation- Equity-Financed 24,883 24,261
Inflation Compensation 20,582 21,397
Interest on Debt 4/ 6,001 5,878
New Investments: 2/
Depreciation- Debt-Financed 3,908 6,366
Depreciation- Equity-Financed 1,098 2,156
Inflation Compensation 59 124
Interest on Debt 4/ 9,332 15,575
TOTAL
Depreciation 32,522 35,350
Inflation Compensation 20,641 21,521
Interest on Debt 4/ 15,333 21,453
68,496 78,324
St. Lawrence Relicensing: 3/
Depreciation 1,405 1,614
Interest on Debt 3,850 4,333
Niagara Relicensing: 3/
Depreciation 271 2,024
Interest on Debt 711 5,343
1/ Existing Plant & Relicensing through 12/31/04
2/ New Plant & Relicensing since 1/1/05
3/ Relicensing expenditures since 1/1/05 included in New Investments
4/ Assumed interest rates:
Niagara - Taxable & Non-taxable 5.30%
St. Lawrence -Taxable 5.58%