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To convert from Btu/lb, see calculator above.Unit Conversions: Enter $/tonConversion to $/t_Fuel Cost: Cost of fuel in $/dry metric ton, to convert from $/short ton, see calculator aboveTotal Non-Fuel Expenses ($/kWh)/Federal Tax Rate: For federal tax calculations+State Tax Rate: For state tax calculationsSCombined Tax Rate: combined federal and state tax rate to which project is subject|Interest Rate on Debt Reserve: Interest income earned on reserve account if financing institution requires security depositdGeneral Inflation: Overall inflation rate used to adjust current dollar result to constant dollars.>Escalation--Fuel: Rate at which fuel cost escalates over timeCEscalation--Other: Rate at which other expenses escalate over time<Debt ratio: Fraction of financing covered by debt borrowingDEquity ratio: Fraction of financing covered by corporate investment4Life of Loan: Example assumes 20 year economic life?Cost of Equity: Rate of return on equity portion of investmentKInterest Rate on Debt: Interest rate applied to debt portion of investment^Cost of Money: Weighted cost of investment for full investment including both debt and equityUCapital Recovery Factor: Factor used to compute level annual cost from present worthdAnnual Equity Recovery: Uniform annual revenue required to earn stipulated rate of return on equityCAnnual Debt Payment: Uniform annual payment needed to pay off debtDebt Reserve: Funds placed in reserve account as security deposit. Sometimes required by financing institution to ensure debt repayment if plant operation is stopped for some period, typically up to one year.JDepreciation Schedule: Fraction of capital asset depreciated in each yearfThis example assumes a 20 year economic life with no salvage value and gives cash flows for each year.Annual Fuel Consumption (t/y)Fuel Ash Concentration (%)CFuel Ash Concentration: Fraction of ash in fuel, percent dry basisAnnual Ash Disposal (t/y)tFuel Consumption Rate: Fuel rate in dry metric tons per hour, to compare short tons per hour, see calculator above. Enter t/hConversion to tons/hrSI UnitssThis simplified model computes both the current $ and constant $ level annual cost for a model biomass power plant.Production Tax Credit ($/kWh)Economic Life (y)FractionTax Credit Schedule Tax CreditTaxes w/o credit$Escalation for Production Tax Credit;Escalation--PTC: Specified index for production tax credit MACRS--5 yearMACRS--10 yearStraight Line--20 year@Tax Credit Schedule: Fraction = 1 if received in year, 0 if not)Example: Biomass Power Plant--Power OnlyProduction Tax Credit-- ConventionaljCapacity Payment: Payment made from power purchaser if plant can guarantee capacity (depends on contract)ACapital costs shown are for example only. Actual costs may vary.Fraction in YearAnnual Generation (kWh)($/kWh-net electrical)Labor Cost ($/y)Maintenance Cost ($/y)Insurance/Property Tax ($/y)Utilities ($/y)Management/Administration ($/y)Other Operating Expenses ($/y)#Total Expenses Including Fuel ($/y)Capital Cost ($)0Capital cost per net electrical capacity ($/kWe).Labor Cost: Cost of labor to operate facility0Maintenance Cost: Cost of maintaining the plant_Insurance/Property Tax: Cost of insurance for the plant plus any property or other local taxesKUtilities: Purchased utilities including power, gas, water, waste disposal\Ash Disposal: Cost of ash disposal from plant, use negative value when ash is sold at valueVManagement/Administration: Cost for administrative personnel and other administrationOther Operating Expenses: All other expenses for operating the plant, for example natural gas not included in utilities, chemicals, or additives3Annual fuel consumption in dry metric tons per yearSensitivity Analysis6Enter base, minimum, and maximum values in input cells Capital Cost Fuel Cost Debt RatioDebt Interest RateCost of EquityCapacity FactorCaseRelative Change LAC Current LAC ConstantRelative Change in COE Efficiency COE Current COE Constant(%)($)($/kWh)($/t)Formula ValuesBaseNet Station EfficiencyElectrical and Fuel--base yearExpenses--base year0Ash Disposal ($/y)--use negative value for sales v:zD T{f4  !? $A%& (5,)X*1,l--F.rcc  ,]7@NI T=\l8  @_*+%&?'?MDell Laser Printer P1500 PS3 odX)L@'''',,<-XX<-XX<-(None)(None)(None)(None)<)"dX??U} 6} *} * }  } U } U}  } U } U } * } } * }  }  } U }  }  }  }  }  } U}  9         :@                           2   O *M P oN y ]b WXh%%% Y Z [ i%%% 4^ 5 6_ %jjj~ 7@@ 8`/ 9rl,@ D ^-wf?j? klmn 4 5 6 klmn% :Seu:@!D /$? 8`~ ;8@ klmn 4c5 6dklmn~ \4@ 8`%<) 6@hD/$?klmnklmnklmn '  ~ !v %&  ~  j@ Z 3~  @U@ [ =#-@  Dd8" \~  4@ ] ~  ,@ a =4-GcW.8@DDdD ~ {~ !@ | =)-0AD8"Dd =!g@$ DD Y@>D.88a8W8W&**5**T*; !"#$%&'()*+,-./0123456789:;<=>? =z! - ֳA DD  !=}%!-\@D Dd "%& #'# #d $~ $f:@'$@hו?%D D$D $e %~ %e>A!%@=.q?& D%D@ % &~ &e`6A&@Ը?'&&+ LL@ & '~ 'e\5A'@%~?(& ' (~ (ejA(@ ^Q?)& ( )~ )ej@)@ ^A?*& ) *~ *ejA*@ ^Q?+& * +~ +ejA+@ ^a?,& + ,=f#,- VA %%+#,@1?- %%+! -='--A(bAD$D D,!-@vASߪ?- D$D,. /'+/ 0~ 0"A@ 0g 1~ 1"@ 1h 221;On? 2 3=03>^I +D@9D1D0D1d 3i4 5'45 6~ 6#d@ 6 7T~ 7"@ 7j 8=!8-xOA D6D 9=%9-JTf ADOD7d: ;'5;$ <Q~ <"@j@ <k =R~ ="@j@ =l >~ >"@j@ > ?S~ ?"@j@ ?mDlA7&UObIIIII\^ **.P **37 ***@ABCDEFGHIJKLMNORSTUVWXYZ[\]^_@ A'6A$ B~ B"R@ Bn C= C?9@G dDB Co DU~ D"@ Dr E~ E,4@ Ep FV~ F".@ Fq G=W5G?@HDBdDDDCdDF Gs H= H-vAID I= %I-vpAKDHDCd J= %J-ALDHDBd K= NK@vFYs?M8DFdDFdDEDFdDE Kt L=NL@7NJ?N8DDdDDdDEDDdDE M=!M-DxݘTEA DKDI Mu N=!N-PA DJDL Nv OO!PADN Ow R'7R RxS` Sa S+ S+ S+ TT(?3DTTB4@B$@B@ UU(?UUgLUB@@B2@B@ VV(?UVB~jt?VB;On?~ VB@ WW(?UWBH}?WBH}?~ WB@ XX(?UXBH}?XB|Pk?~ XB@ YY(?UYBH}?YBY޲?~ YB@ Z8Z(?U~ ZBZBS㥛İ?~ ZB@ [9[(?U~ [B[BS㥛İ?~ [B@ \:\(? 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