Project Green District Energy Feasibility Study - Partners in Project ...

TRCA Pearson Eco-Business Zone District Energy Feasibility Study 10 April 2012
LIST OF TABLES
Table 1 List of Initial DE Prospects Selected .............................................................................11
Table 2 Summary of Existing Heating System Types for Visited Prospects in Phase 1 .............14
Table 3 Estimated Heating and Cooling Loads by Phase ..........................................................15
Table 4 List of Major Equipment ................................................................................................17
Table 5 DPS Design Criteria .....................................................................................................19
Table 6 ETS Design Criteria ......................................................................................................23
Table 7 BaU Cost Summary ......................................................................................................25
Table 8 Capital Cost Estimate Summary ...................................................................................26
Table 9 CCE for ETS Phase 1A ................................................................................................26
Table 10 CCE for ETS Balance of Phase 1 ...............................................................................27
Table 11 CC for DPS Phase 1A ................................................................................................28
Table 12 CCE for DPS Balance of Phase 1 ..............................................................................29
Table 13 CCE for Energy Centre, including CHP .....................................................................30
Table 15 Summary of Construction Risks .................................................................................55
Table 16 Summary of Operations Technical Risks ....................................................................56
Table 17 Summary of Operations Business Risks ....................................................................60
Table 18 Matrix Comparing Risk Severity ................................................................................60
Table 19 IRR by Phase & Contract Capacity .............................................................................70
Table 20 Thermal Capacity Build-up .........................................................................................70
Table 21 Project Phasing .........................................................................................................71
Table 22 DES Rate Derivation .................................................................................................72
Table 23 Heating Variable Cost Assumptions ..........................................................................74
Table 24 Heating Fixed Cost Assumptions ...............................................................................75
Table 25 Pro Forma Income Statement....................................................................................76
Table 26 Pro Forma Balance Sheet .........................................................................................77
Table 27 Pro Forma Cash Flow ...............................................................................................78
Table 28 Results of Sensitivity Analysis on Unlevered IRR ......................................................79
Table 29 Sensitivity of unlevered IRR to Funding and Capital with External Supply ..................80
Table 30 Ownership of Larger DES ........................................................................................ 150
Table 31 Ownership of Smaller DES ....................................................................................... 155
Table 31 Summary of DES Ownership .................................................................................... 159
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