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

Exhibit D
NEW YORK POWER AUTHORITY
HYDROELECTRIC PROJECTS
CAPITAL COST - NEW INVESTMENTS
($000)
Equity-Financed
Original Cost
Depreciation
Inflation
Rate
Amortization
of Write-Up
("Inflation") Total
[1] [2] [3] [4]
2005 479 5.50% 26 505
2006 1,098 3.00% 59 1,157
2007 2,156 3.00% 124 2,279
Notes:
[1]: Equity-funded additions to plant x 2.5%.
[2]: 2005: Handi-Whitman Index; 2006-2007 based on NYPA
estimate of inflation.
[3]: [1] x [2] plus prior-year Write-Up.
[4]: [1] + [3]
Debt-Financed
Debt-
Original Cost
Depreciation
Funded
Rate Base Interest Total
[1] [2] [3] [4]
2005 2,386
2006 3,908 170,690 9,332 13,240
2007 6,366 284,711 15,575 21,941
Notes:
[1]: Equity-funded additions to plant x 2.5%.
[2]: 2005-2007: Value of cumulative additions less the annual amortization of
rate base (2.0% per year).
[3]: Rate Base x Interest Rate (Niagara-Taxable & Tax-Exempt, St. Lawrence-Taxable).
[4]: [1] + [3]