Harvest Power Orlando Energy Garden - Recycle Florida Today

Energy Cost AdvantageThrough “negative COGs” from tip fees, Harvest expects to produce electricity at a lower costthan any conventional – and most alternative – technologies300250200227Levelized Cost ($/MWh)1501001041091341721171591648311195505455250HARVESTEnergyEfficiencyWind Geothermal BiomassDirectSolar PVThin-FilmFuel CellSolar PVCrystallineGroundSolarThermalSolar PVCrystallineRooftopGasCombinedCycleCoal Nuclear Gas PeakingAlternative EnergyConventional ResourcesSource: Lazard LCOE Estimates, 2011. Cited values reflect median of calculated low-high valuesNote: Does not factor in environmental and other externalities (e.g. RECs, transmission and back-up generation / system reliability costs) as well as construction and fuel costsdynamics affecting conventional generation. Reflects production tax credit, investment tax credit, and accelerated tax depreciation, as applicable. Assumes 2010 dollars, 20-40year economic life, 40% tax rate and 5-40 year tax life. Assumes 30% debt at 8% interest rate, 50% tax equity at 8.5% cost and 20% common equity at 12% cost for alternativeenergy generation technologies. Assumes 60% debt at 8% interest rate and 40% equity at 12% cost for conventional generation technologies. Assumes coal price of$2.50/MMbtu and natural gas price of $5.50/MMbtu. See Lazard analysis for additional generation-specific notes.Harvest estimates reflect constant fuel (negative) costs, +/- 5% variable and fixed O&M and +/- 5% total EPC costs.9