Power Generation Financial Model 3u5r43
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New build assessment of various technologies DISCLAIMER
28 Apr 2011 12:36 PM
This model ('the Model') has been built to assess the economic cost of the selected technologies on a case by case basis. The purpose of this modelling is to provide estimates of the relative cost of electricity generation technologies under different scenarios and assumptions to inform policy analysis. The outputs do not represent a government view on the relative costs of the technologies. The modelling is based on levelised costs and is not intended to predict specific private sector investment decisions or to rank different generation technologies In regard to nuclear decommissioning and waste disposal details of the work programme and timetable to establish arrangements for dealing with the costs of decommissioning and waste from nuclear new build will be published by the time of the White Paper. The Government has not taken a position on how these arrangements should be designed. For the purposes of the Model assumptions have been made which in no way prejudice the outcome of work to determine the arrangements for dealing with the costs of decommissioning and waste from nuclear new build. The Model has been constructed for a specific purpose and is not intended for distribution to third parties. Third parties who obtain copies of the Model should be aware of the following: · the Model may not be suitable for purposes, other than the specific purpose for which it was designed, and the interests of third parties may not have been anticipated; · the Model was not intended for use by third parties and may not be designed so that it can be readily operated in a correct manner by such parties; · material events may have occurred since completion which are not reflected in the Model; · whilst the Model has been tested, this may not provide an appropriate degree of assurance for all possible uses of the Model Model prepared by:
Department of Trade and Industry
Structure
New Build Evaluation Model Structure
Input_Main Input_Main Main Input Sheet Main Input Sheet [General & Plant Specific] [General & Plant Specific]
- Input Data -
Coal Coal
Operation Operation
Index Index Graph data Graph data
Plant Performance Power Revenue Opex: Volume Related
- Calculation Section -
Pre-development & Pre-development & construction construction
Margins
Decommissioning Decommissioning
Finance Finance Interest During Construction Interest During Construction
Waste Waste Levelised Cost Levelised Cost
- Summary & Other -
Graphs Graphs Graphical Analysis Graphical Analysis
Sensitivity Sensitivity Sensitivity Tables Sensitivity Tables Reports Reports
Print Definition Print Definition
Cover Cover Disclaimer Disclaimer
Summary Summary Scenarios Scenarios Plant Assumptions Plant Assumptions - Levelised Costs - Levelised Costs
Summary
Print Control
Coal
Summary Drop PLANT Down VALUATION Menu Control CASE: Coal
Model checks: OK
PLANT DESIGN COMPONENTS Plant Design Kind Assumptions
PLANT DATA Pulverised Fuel (ASC) with FGD First of a kind Data
Construction Commences Operation Commences
Plant Total Capacity (MW) Net Efficiency (HHV) (Average during operation) Availability (Average) Construction Period (years) Plant Life (years) Capital Cost (£/kW) O&M Cost (£/kW) Decommissioning Fund (£m) PV Avge Annual Decomm. Contribution (£m) Over Operational Life Avge Annual Waste Contribution (£m) Over 40 Years
1-Jan-2011 1-Jan-2015
COST OF GENERATION
Levelised Cost (£/MWh)
500 43.4% 90.0% 4 50 918 17 0 0.0 0.0
FINANCE PARAMETERS
26.14
Predevelopment Finance - Equity Construction - Project Finance (equity remainder) Debt Margin Rate Discount Rate
100% 70% 2.0% 10%
MODEL CONTROL CHECK Pre-dev Calc Check Operation Calc Check Interest During Construction Check Decommissioning Check Waste Check
OK OK OK OK OK
0 0 0 0 0
Master Check
OK
0
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Summary
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4 / (56)
Summary
Cost of Generation LC (£/MWh) Type
Design
FOAK
NOAK
Nuclear PWR 1 Coal Pulverised Fuel (ASC) with FGD Coal Pulverised Fuel (ASC) with FGD with CCS Coal IGCC Coal IGCC with CCS Gas CCGT Gas CCGT with CCS Wind Onshore Wind (80MW) Wind Offshore Wind (100MW) Retrofit Coal Pulverised Fuel (ASC) with Retrofit FGD with CCS
37.51 26.14 40.78 29.37 44.77 34.57 47.93 55.15 83.15 35.69
31.24 22.20 36.92 25.41 40.93 34.26 47.63 54.93 82.93 31.36
Levelised Cost Nuclear PWR 1 Coal Pulverised Fuel (ASC) with FGD Coal Pulverised Fuel (ASC) with FGD with CCS Coal IGCC Coal IGCC with CCS Gas CCGT Gas CCGT with CCS Wind Onshore Wind (80MW) Wind Offshore Wind (100MW) Retrofit Coal Pulverised Fuel (ASC) with Retrofit FGD with CCS
37.51 26.14 40.78 29.37 44.77 34.57 47.93 55.15 83.15 35.69
31.24 22.20 36.92 25.41 40.93 34.26 47.63 54.93 82.93 31.36
Current electricity price (£/MWh)
56976059.xls
50.0
04/28/2011
5 / (56)
Strictly Private Confidential Model Check: OK
Coal All Values in £m Unless Otherwise Indicated / Yearly Basis Annual Period Starting Annual Period Ending Operating Year No Operation Year Flag Operational Flag Proportion in Year Operation
LEVELISED COSTS
Power Production Power Output, Net (TWh)
Total 197
Operating Costs Total Fuel Costs Fixed O&M Cost Variable O&M Costs Emissions Costs Additional Insurance Costs Additional Security Costs Waste Fund Decommissioning Fund
1,564 425 217 0 0 0 0 0
Capital Costs Predevelopment Costs Construction Costs
0 2,633
Total
Levelised Cost Fuel Fuel Delivery Fixed O&M Variable O&M Emissions Costs
Additional Insurance Costs Additional Security Costs Waste Fund Decommissioning Predevelopment Costs Construction Costs Storage (pertaining to Carbon Sequestration)
56976059.xls / 04/28/2011
£/MWh 7.9 1.6 2.2 1.1 0.0 0.0 0.0 0.0 0.0 0.0 13.3 0.0
Levelised costs
6 / (56)
Strictly Private Confidential Model Check: OK
Coal All Values in £m Unless Otherwise Indicated / Yearly Basis Annual Period Starting Annual Period Ending Operating Year No Operation Year Flag Operational Flag Proportion in Year Operation
Total (£/MWh)
56976059.xls / 04/28/2011
26.14
Levelised costs
7 / (56)
Strictly Private Confidential
Pulverised Fuel Coal
Design
Kind
Assumptions
Graph Scenario (Non vs. Escalated)
Pulverised Fuel (ASC) with FGD
First of a kind
Data
Non-escalated
Graphs
Levelised cost of generating electricity
Power output / fuel consumption
90.00
4,500
80.00
4,000 3,500
60.00
3,000
50.00
2,500
GWh
70.00
40.00
2,000 1,500
30.00
1,000
20.00
500
10.00
0
0.00
Column AA
2008 2012 2016 2020 2024 2028 2032 2036 2040 2044 2048 2052 2056 2060 2064 2068 2072 2076 208 2006 2010 2014 2018 2022 2026 2030 2034 2038 2042 2046 2050 2054 2058 2062 2066 2070 2074 2078
CCGT with CCS Offshore Wind (100MW)
Gross Energy Generated (before auxiliary deductions)
Column AD
Power/fuel margin and operating margin
Decommissioning and waste funding
80.0% 70.0% 60.0% 50.0%
%
£m
40.0% 30.0% 20.0% 10.0%
1
1
1
0.9
1
0.8
1
0.7
1
0.6
0
0.5
0
0.4
0
0.3
0
0.2
0
0.1
0
0.0% 2008 2012 2016 2020 2024 2028 2032 2036 2040 2044 2048 2052 2056 2060 2064 2068 2072 2076 2080 2006 2010 2014 2018 2022 2026 2030 2034 2038 2042 2046 2050 2054 2058 2062 2066 2070 2074 2078 Power / Fuel Margin (%) - NonEscalated
56976059.xls / 04/28/2011
Fuel Consumption (GWht), Net
Operating Margin (%) - NonEscalated
Graphs
0
2009 2015 2021 2027 2033 2039 2045 2051 2057 2063 2069 2075 2081 2087 2006 2012 2018 2024 2030 2036 2042 2048 2054 2060 2066 2072 2078 2084 2090 Decommissioning Fund
Decommissioning Contributions
Waste Contributions
8 / (56)
£m
Pulverised Fuel (ASC) with FGD with CCS PWR 1 IGCC with CCS
Strictly Private Confidential
064 2068 2072 2076 2080 2066 2070 2074 2078
1 0.9 0.8 0.7 0.6
0.4
£m
0.5
0.3 0.2 0.1 0
2087 84 2090
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Graphs
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Strictly Private Confidential
Pulverised Fuel Coal
Design
Kind
Assumptions
Graph Scenario (Non vs. Escalated)
Pulverised Fuel (ASC) with FGD
First of a kind
Data
Non-escalated
Graphs
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Graphs
10 / (56)
Strictly Private Confidential
56976059.xls / 04/28/2011
Graphs
11 / (56)
Strictly Private Confidential Model Check: OK
Pulverised Fuel Coal PLANT SENSITIVITIES AND COST OF GENERATING
Sensitivity
Comment
56976059.xls / 04/28/2011
SensitivityValue
Base
BASE CASE Predevelopment - Low Predevelopment - High Reduction Predevelopment Period Increased Predevelopment Period Construction Period - Low Construction Period - High Operation Period - Low Operation Period - High Capital Cost - Low Capital Cost - High Capital Cost - Very high Availability - first 5 years - Low Availability - first 5 years - High Availability - thereafter - Low Availability - thereafter - High Fixed O&M Cost - Low Fixed O&M Cost - High Fuel Cost - Low Fuel Cost - High CO2 Cost - Low CO2 Cost - Medium CO2 Cost - High Discount Rate - Low Discount Rate - High Decom fund - Low Decom fund - High Waste fund - Low Waste fund - High Finance - Low margin Finance - High margin Finance - Low leverage Finance - High leverage
SensitivityType
£0m £0m 12 month reduction 12 month increase 3 years 5 years 25 years 60 years £800/kW £1800/kW £2000/kW 60% 90% 80% 90% £15/kW £120/kW 21 53 £10/CO2e £17/CO2e £25/CO2e 7% 12% £0/kW £0/kW £0/kW £0/kW Project debt margin 1.5% Project debt margin 3% Leverage: 50% Leverage: 80%
PredevelopmentCost PredevelopmentCost PredevelopmentPeriod1 PredevelopmentPeriod2 ConstructionPeriod1 ConstructionPeriod2 OperationPeriod OperationPeriod CapitalCost CapitalCost CapitalCost AvailabilityFirst AvailabilityFirst AvailabilityOngoing AvailabilityOngoing O&MCost O&MCost FuelCost FuelCost CarbonCost CarbonCost CarbonCost DiscountRate DiscountRate DecomCost DecomCost WasteCost WasteCost FinanceCoD FinanceCoD FinanceLeverage FinanceLeverage
Sensitivity
0 0 48 48 36 60 25 60 800 1,800 2,000 60% 90% 80% 90% 15 120 21 53 10 17 25 7.0% 12.0% 0 0 0 0 1.5% 3.0% 50.0% 80.0%
LC (£/MWh) FOAK NOAK 26.14
21.97
26.14 26.14 26.14 26.14 25.74 26.79 27.40 26.07 24.43 38.97 41.88 26.35 26.14 28.00 26.14 25.89 39.20 24.86 34.98 33.42 38.51 44.34 22.39 28.73 26.14 26.14 26.14 26.14 26.00 26.47 25.68 26.37
21.97 21.97 21.97 21.97 21.65 22.47 22.95 21.91 23.16 37.70 40.61 22.12 21.97 23.32 21.97 22.98 36.29 20.68 30.81 29.25 34.34 40.16 19.03 23.99 21.97 21.97 21.97 21.97 21.86 22.22 21.61 22.15
12 / (56)
Strictly Private Confidential Model Check: OK
Pulverised Fuel Coal PLANT SENSITIVITIES AND COST OF GENERATING
Sensitivity
Comment
56976059.xls / 04/28/2011
SensitivityValue
Base
BASE CASE Predevelopment - Low Predevelopment - High Reduction Predevelopment Period Increased Predevelopment Period Construction Period - Low Construction Period - High Operation Period - Low Operation Period - High Capital Cost - Low Capital Cost - High Capital Cost - Very high Availability - first 5 years - Low Availability - first 5 years - High Availability - thereafter - Low Availability - thereafter - High Fixed O&M Cost - Low Fixed O&M Cost - High Fuel Cost - Low Fuel Cost - High CO2 Cost - Low CO2 Cost - Medium CO2 Cost - High Discount Rate - Low Discount Rate - High Decom fund - Low Decom fund - High Waste fund - Low Waste fund - High Finance - Low margin Finance - High margin Finance - Low leverage Finance - High leverage
SensitivityType
£0m £0m 12 month reduction 12 month increase 3 years 5 years 25 years 60 years £800/kW £1800/kW £2000/kW 60% 90% 80% 90% £15/kW £120/kW 21 53 £10/CO2e £17/CO2e £25/CO2e 7% 12% £0/kW £0/kW £0/kW £0/kW Project debt margin 1.5% Project debt margin 3% Leverage: 50% Leverage: 80%
LC (£/MWh) FOAK 26.14
PredevelopmentCost PredevelopmentCost PredevelopmentPeriod1 PredevelopmentPeriod2 ConstructionPeriod1 ConstructionPeriod2 OperationPeriod OperationPeriod CapitalCost CapitalCost CapitalCost AvailabilityFirst AvailabilityFirst AvailabilityOngoing AvailabilityOngoing O&MCost O&MCost FuelCost FuelCost CarbonCost CarbonCost CarbonCost DiscountRate DiscountRate DecomCost DecomCost WasteCost WasteCost FinanceCoD FinanceCoD FinanceLeverage FinanceLeverage
Sensitivity
0 0 48 48 36 60 25 60 800 1,800 2,000 60% 90% 80% 90% 15 120 21 53 10 17 25 7.0% 12.0% 0 0 0 0 1.5% 3.0% 50.0% 80.0%
26.14 26.14 26.14 26.14 25.74 26.79 27.40 26.07 24.43 38.97 41.88 26.35 26.14 28.00 26.14 25.89 39.20 24.86 34.98 33.42 38.51 44.34 22.39 28.73 26.14 26.14 26.14 26.14 26.00 26.47 25.68 26.37
13 / (56)
Input_Main
Coal
Model Check: OK
Project Assumptions - Main Input Sheet / Coal General Information Project Base Data (I) Project Developer Project Name Financial Model Version Financial Model Type Market Price Forecasts Based on (source) Calculation Model
DTI Pulverised Fuel Coal Version 2006 New Build Evaluation Model DTI projections April 2006 Manual
Power Plant / Name Plant 2 Selected:
Price Unit £ £
2 Coal
Fuel Units tonne tonne
Aux Power 1.8% 1.8%
Reactor Design Pulverised Fuel (ASC) with FGD Kind First of a kind Assumptions Data Project Base Data (II) Base Monetary Unit (I) Base Monetary Unit (II) FX (£/USD) FX (£/Euro) FX (£/CAN$) Inflation Corporate Tax Rate Proportion of current year tax charge paid in current year Modelling Dates Financial Model Base Date Latest Model Update
Months Per Year
£ p 0.5719 0.6921 0.4914 2.75% 30.0% 50.0% (Remainder paid in following year) Unit (Date) (Date) (Months)
Conversion Factors Summary Sheet Unit
Incentives / Exemptions Renewables Obligation Climate Change Levy Recycling Benefit
On or Off On or Off On or Off
Off Off Off
Refer row 270 Refer row 282 Refer row 294
1-Jan-2006 17-Mar-2006 12
1,000
Timing Key Dates / Time Periods Financial close Financial close (to closest year) Prelicensing Period Site Specific Licensing Period Public Enquiry Period Pre-development Period - Subtotal Pre-development Period (NOAK Adjustment) Total Pre-development Period (including NOAK)
56976059.xls
Unit 1-Jan-2007 1-Jan-2007 (months) (months) (months) (months) (months) (months)
0 24 24 48 0 48
(years) (years) (years) (years) (years) (years)
0 2 2 4 0 4.0
(days) (days) (days)
04/28/2011
0 730 730
14 / (56)
Input_Main
Coal
Model Check: OK
Project Assumptions - Main Input Sheet / Coal Construction Start Date Construction Start Date (to closest year) Construction Period Commercial Operation Start Date Commercial Operation Start Date (to closest year) Plant Operating Period Commericial Operation End Date Commericial Operation End Date (to closest year) Decommissioning Cooldown Decommissioning Start Date Decommissioning Start Date (to closest year) Decommissioning Period Decommissioning End Date Decommissioning End Date (to closest year) Project End Period Project End Date Project End Date (to closest year)
1-Jan-2011 1-Jan-2011 (months)
48
(years)
56976059.xls
(years)
1
Project Finance period after Construction Project Finance End Date
2 (years) 1-Jan-2017
50
0
(years) 1-Jan-2065 1-Jan-2065 (months)
12
Waste Disposal Start Date Waste Disposal Cashflows (years) Waste Disposal End Date
1-Jan-2066 1-Jan-2066
1-Jan-2065 1 1-Jan-2066
0 1-Jan-2066 1-Jan-2066
Waste Disposal Frequency (years)
10
8,760
1-Jan-2005
0 1-Jan-2006
0 1-Jan-2007
0 1-Jan-2008
0 1-Jan-2009
0 1-Jan-2010
1 1-Jan-2011
2 1-Jan-2012
3 1-Jan-2013
4 1-Jan-2014
5 1-Jan-2015
6 1-Jan-2016
0 1-Jan-2017
0 1-Jan-2018
31-Dec-2005
31-Dec-2006
31-Dec-2007 2
31-Dec-2008 3
31-Dec-2009 4
31-Dec-2010 5
31-Dec-2011 6
31-Dec-2012 7
31-Dec-2013 8
31-Dec-2014 9
31-Dec-2015 10
31-Dec-2016 11
31-Dec-2017 12
31-Dec-2018 13
1 364
Calculation Flags Proportion of Period in Pre-development Pre-development Year Flag Pre-development Days in Period Pre-development Phase Flag Proportion of Period in Construction Construction Period Year Flag Construction Days in Period Construction Phase Flag Construction Start Flag Project Finance Period Year Flag Project Finance Phase Flag Proportion of Period in Operation Operation Year Flag Operation Days in Period Operational Phase Flag Start of Operational Phase Flag End of Operational Phase Flag Construction / Operation Phase Flag Proportion of Period in Waste Storage Waste Disposal Spend Flag Waste Disposal Phase Flag Proportion of Period in Decommissioning Decommissioning Days in Period Decommissioning Phase Flag Decommissioning Year Flag Pre-development Distribution Pre-development Distribution Check Capex Distribution Capex Distribution Check
4.0
1-Jan-2065 1-Jan-2065
Hours in a year
Time Flag (Annual) Annual Period Starting Annual Period Ending Year Flag Days in Period Project Life Flag (Start to End) Proportion of Period in Operation
(years)
1-Jan-2015 1-Jan-2015
0%
100.0% ok
100.0% ok
365
366
365
365
365
366
365
365
365
366
365
365
0 0%
1 100%
1 100%
1 100%
1 100%
1 100%
1 100%
1 100%
1 100%
1 100%
1 100%
1 100%
1 100%
0% 0 0 0% 0 0 0 0 0% 0 0 0 0 0 0% 0 0 0% 0 0 0
100% 1 364 1 0% 0 0 0 0 0% 0 0 0 0 0 0% 0 0 0% 0 0 0
100% 2 366 1 0% 0 0 0 0 0% 0 0 0 0 0 0% 0 0 0% 0 0 0
100% 3 365 1 0% 0 0 0 0 0% 0 0 0 0 0 0% 0 0 0% 0 0 0
100% 4 365 1 0% 0 0 0 0 0% 0 0 0 0 0 0% 0 0 0% 0 0 0
0% 1 0 100% 1 364 1 1 1 1 0% 0 0 0 0 1 0% 0 0 0% 0 0 0
0% 0 0 100% 2 366 1 0 2 1 0% 0 0 0 0 1 0% 0 0 0% 0 0 0
0% 0 0 100% 3 365 1 0 3 1 0% 0 0 0 0 1 0% 0 0 0% 0 0 0
0% 0 0 100% 4 365 1 0 4 1 0% 0 0 0 0 1 0% 0 0 0% 0 0 0
0% 0 0 0% 1 0 0 5 1 100% 1 364 1 1 0 1 0% 0 0 0% 0 0 0
0% 0 0 0% 0 0 0 6 1 100% 2 366 1 0 0 1 0% 0 0 0% 0 0 0
0% 0 0 0% 0 0 0 0 100% 3 365 1 0 0 1 0% 0 0 0% 0 0 0
0% 0 0 0% 0 0 0 0 100% 4 365 1 0 0 1 0% 0 0 0% 0 0 0
0% TRUE 0% TRUE
25% TRUE 0% TRUE
25% TRUE 0% TRUE
25% TRUE 0% TRUE
25% TRUE 0% TRUE
0% TRUE 15% TRUE
0% TRUE 24% TRUE
0% TRUE 42% TRUE
0% TRUE 19% TRUE
0% TRUE 0% TRUE
0% TRUE 0% TRUE
0% TRUE 0% TRUE
0% TRUE 0% TRUE
04/28/2011
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Input_Main
Coal
Model Check: OK
Project Assumptions - Main Input Sheet / Coal Energy / Plant Data Plant Data I Power Output (MW) Gross Efficiency (norm./actual)
Data 500 46%
Plant Data II Gross to Net efficiency factor (HHV/LHV) Output Degradation Heat Rate Degradation Run In Period (years) Availability (first X years) Availability (thereafter)
1.05 100% 100% 2 90% 90%
Pre-development Costs Pre-development Cost (£'000) Prelicensing - cost Technical including design selection Regulatory including licensing and EIA Regulatory - public enquiry - cost Total Pre-development Costs
Data 0 0 0 0 0
Tax ded'ble 0% 0% 50% 50%
Non-sensitised 0
Construction Costs Construction Cost Capital cost (£/kW) Capital Cost (£'000) Infrastructure Cost (£/kW) Waste Disposal Cost (£/kW) Land - acquisition cost
Data 918 459,000 0 0 0
Operation & Maintenance / Other Operation Costs Operation and Maintenance Cost O&M Fee (£/kW) Additional Insurance (£/kW) Additional Security (£/kW) Total O&M Fee (£/kW) Variable O&M (£/MWh) Decomissioning Fund Start Date, Year Decommissioning Cost (£/kW) Decommissioning Fund (£'000) PV Decommissioning Cashflows (£'000) Per Annum Fund growth rate (post-tax, real) Fund growth rate (post-tax, nominal)
Data 17.0 0.0 0.0 17.0 1.1
£000 £000 pa
2015 0 15 % Check: 0 0 Assumes over 1 years 2.2% 5.0%
56976059.xls
Deduction Flag Remove storage
No
Yes or No
Transmission Flag (feeds into levelised cost sheet) £9/MWh based on £8/MWh in 2001 Yes orprices No
0.0
0.0
2015 0 0 0 Assumes over 1 years 2.2% 5.0%
Waste Funding Scenario 1 Over Operational Life 2 Starts after five years 3 Over 40 Years 4 Variable payment over years Selected Option 3 Over 40 Years
Over Operational Life
Working Capital Circulation Time of s Receivable (Days) Circulation Time of s & Bills Payable (Days)
0.0
Waste Fund Start Date, Year Waste Cost (£/kW) Waste Fund (£'000) PV Waste Cashflows (£'000) Per Annum Fund growth rate (post-tax, real) Fund growth rate (post-tax, nominal)
£m 69
Decommissioning Funding Scenario 1 Over Operational Life 2 Over Half Life 3 Over 40 Years 4 Variable payment over years Selected Option 1 Over Operational Life
Storage Flag (feeds into levelised cost sheet) £6/MWh based on £8/t CO2 Yes or No
Over 40 Years
31-Dec-2006
31-Dec-2007
31-Dec-2008
31-Dec-2009
31-Dec-2010
31-Dec-2011
31-Dec-2012
31-Dec-2013
31-Dec-2014
31-Dec-2015
31-Dec-2016
31-Dec-2017
31-Dec-2018
30 30
30 30
30 30
30 30
30 30
30 30
30 30
30 30
30 30
30 30
30 30
30 30
30 30
04/28/2011
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Input_Main
Coal
Model Check: OK
Project Assumptions - Main Input Sheet / Coal Fuel Cost Assumptions ( Spot / Contract) Fuel Conversion factor
Unit conversion 1.00 £ per £
7,277,777.78 MWht per Mtonne
Fuel Delivery Flag £0.7/MWh based on UEP model Yes or No
Yes
Fuel Supply Scenarios - Selected Option
31-Dec-2006
31-Dec-2007
31-Dec-2008
31-Dec-2009
31-Dec-2010
31-Dec-2011
31-Dec-2012
31-Dec-2013
31-Dec-2014
31-Dec-2015
31-Dec-2016
31-Dec-2017
31-Dec-2018
33.0
31.5
30.1
28.6
27.2
26.9
26.7
26.5
26.3
26.1
25.9
25.6
25.4
Fuel Cost - Coal Central Case - DTI July 2006 Contract Contract Period / Years Minimum Take-or-Pay Contract Amount (million tonnes / therms) Max Contract Amount (million tonnes /therms) Contract Price (£/tonne or p/therm)
Data 0.0 0.0 0.0 0.0
Power Price Assumptions (Merchant / PPA) Plant Contractual Status / Capacity Plant Total Capacity Power Purchase Agreement (PPA) Merchant Concept Total Capacity, MW
MW 500 0.0 500 500
Contract Lifetime Power Purchase Agreement (PPA) Period / Years
% 0.0% 100.0% 100.0%
0
Power Purchase Agreement (PPA) Power Price Scenarios (£/MWh) PPA Price
31-Dec-2006 0.0
31-Dec-2007 0.0
31-Dec-2008 0.0
31-Dec-2009 0.0
31-Dec-2010 0.0
31-Dec-2011 0.0
31-Dec-2012 0.0
31-Dec-2013 0.0
31-Dec-2014 0.0
31-Dec-2015 0.0
31-Dec-2016 0.0
31-Dec-2017 0.0
31-Dec-2018 0.0
31-Dec-2006 20.92 26.15 55.00
31-Dec-2007 20.92 26.15 55.00
31-Dec-2008 20.92 26.15 55.00
31-Dec-2009 20.92 26.15 55.00
31-Dec-2010 20.92 26.15 55.00
31-Dec-2011 20.92 26.15 55.00
31-Dec-2012 20.92 26.15 55.00
31-Dec-2013 20.92 26.15 55.00
31-Dec-2014 20.92 26.15 55.00
31-Dec-2015 20.92 26.15 55.00
31-Dec-2016 20.92 26.15 55.00
31-Dec-2017 20.92 26.15 55.00
31-Dec-2018 20.92 26.15 55.00
26.15
26.15
26.15
26.15
26.15
26.15
26.15
26.15
26.15
26.15
26.15
26.15
26.15
31-Dec-2006 78%
31-Dec-2007 78%
31-Dec-2008 78%
31-Dec-2009 78%
31-Dec-2010 78%
31-Dec-2011 78%
31-Dec-2012 78%
31-Dec-2013 78%
31-Dec-2014 78%
31-Dec-2015 78%
31-Dec-2016 78%
31-Dec-2017 78%
31-Dec-2018 78%
31-Dec-2006 1
31-Dec-2007 1
31-Dec-2008 1
31-Dec-2009 1
31-Dec-2010 1
31-Dec-2011 1
31-Dec-2012 1
31-Dec-2013 1
31-Dec-2014 1
31-Dec-2015 1
31-Dec-2016 1
31-Dec-2017 1
31-Dec-2018 1
31-Dec-2006 10.00 17.00 25.00 6.92
31-Dec-2007 10.00 17.00 25.00 6.92
31-Dec-2008 10.00 17.00 25.00 6.92
31-Dec-2009 10.00 17.00 25.00 6.92
31-Dec-2010 10.00 17.00 25.00 6.92
31-Dec-2011 10.00 17.00 25.00 6.92
31-Dec-2012 10.00 17.00 25.00 6.92
31-Dec-2013 10.00 17.00 25.00 0.00
31-Dec-2014 10.00 17.00 25.00 0.00
31-Dec-2015 10.00 17.00 25.00 0.00
31-Dec-2016 10.00 17.00 25.00 0.00
31-Dec-2017 10.00 17.00 25.00 0.00
31-Dec-2018 10.00 17.00 25.00 0.00
6.92
6.92
6.92
6.92
6.92
6.92
6.92
0.00
0.00
0.00
0.00
0.00
0.00
Market Price Scenarios
1 2 3 4 5
Power Price Scenarios (£/MWh) Low Central High XXX XXX
Selected Option 2 Central
Central
Emission Cost Assumptions Annual Permit Allowance Annual Permit Allowance
1 2 3 4
Emissions Emissions - Operation (base plant) Emissions - Operation (base plant with CCS)
tCO2e/MWh tCO2e/MWh
EU ETS Trading Flag
0 or 1
Carbon Cost Scenarios (£/tCO2e) Low Central High Assume no carbon price post 2012
Selected Option 4 Assume no carbon price post 2012
Assume no carbon price post 2012
56976059.xls
Data 0.728 0.728
04/28/2011
17 / (56)
Input_Main
Coal
Model Check: OK
Project Assumptions - Main Input Sheet / Coal Renewables Obligation, CCL and Recycling Benefit Assumptions Renewables Obligation Flag
1 2 3
0 or 1
Renewable Obligation Certificate Scenarios (£/MWh) Low Central High
31-Dec-2006 0
31-Dec-2007 0
31-Dec-2008 0
31-Dec-2009 0
31-Dec-2010 0
31-Dec-2011 0
31-Dec-2012 0
31-Dec-2013 0
31-Dec-2014 0
31-Dec-2015 0
31-Dec-2016 0
31-Dec-2017 0
31-Dec-2018 0
31-Dec-2006 45.00
31-Dec-2007 45.00
31-Dec-2008 45.00
31-Dec-2009 45.00
31-Dec-2010 45.00
31-Dec-2011 45.00
31-Dec-2012 45.00
31-Dec-2013 45.00
31-Dec-2014 45.00
31-Dec-2015 45.00
31-Dec-2016 45.00
31-Dec-2017 45.00
31-Dec-2018 45.00
45.00
45.00
45.00
45.00
45.00
45.00
45.00
45.00
45.00
45.00
45.00
45.00
45.00
31-Dec-2006 0
31-Dec-2007 0
31-Dec-2008 0
31-Dec-2009 0
31-Dec-2010 0
31-Dec-2011 0
31-Dec-2012 0
31-Dec-2013 0
31-Dec-2014 0
31-Dec-2015 0
31-Dec-2016 0
31-Dec-2017 0
31-Dec-2018 0
31-Dec-2006 3.44
31-Dec-2007 3.44
31-Dec-2008 3.44
31-Dec-2009 3.44
31-Dec-2010 3.44
31-Dec-2011 3.44
31-Dec-2012 3.44
31-Dec-2013 3.44
31-Dec-2014 3.44
31-Dec-2015 3.44
31-Dec-2016 3.44
31-Dec-2017 3.44
31-Dec-2018 3.44
3.44
3.44
3.44
3.44
3.44
3.44
3.44
3.44
3.44
3.44
3.44
3.44
3.44
31-Dec-2006 0
31-Dec-2007 0
31-Dec-2008 0
31-Dec-2009 0
31-Dec-2010 0
31-Dec-2011 0
31-Dec-2012 0
31-Dec-2013 0
31-Dec-2014 0
31-Dec-2015 0
31-Dec-2016 0
31-Dec-2017 0
31-Dec-2018 0
31-Dec-2006 4.00 6.00 8.00
31-Dec-2007 4.00 6.00 8.00
31-Dec-2008 4.00 6.00 8.00
31-Dec-2009 4.00 6.00 8.00
31-Dec-2010 4.00 6.00 8.00
31-Dec-2011 4.00 6.00 8.00
31-Dec-2012 4.00 6.00 8.00
31-Dec-2013 4.00 6.00 8.00
31-Dec-2014 4.00 6.00 8.00
31-Dec-2015 4.00 6.00 8.00
31-Dec-2016 4.00 6.00 8.00
31-Dec-2017 4.00 6.00 8.00
31-Dec-2018 4.00 6.00 8.00
4.00
4.00
4.00
4.00
4.00
4.00
4.00
4.00
4.00
4.00
4.00
4.00
4.00
Selected Option 1 Low
Low
Climate Change Levy Flag
1 2 3
0 or 1
Climate Change Levy Scenarios (£/MWh) Low Central High
Selected Option 1 Low
Low
Recycling Benefit Flag
1 2 3
0 or 1
Recycling Benefit Scenarios (£/MWh) Low Central High
Selected Option 1 Low
Low
ing & Finance Book Depreciation Plant & Machinery Buildings
Yrs
Capital Allowances Industrial Buildings Allowances (SL Basis) Write Down Allowances (Reducing Balance) Dividends Dividends Payable Even If No P&L Reserves n/a
Method 50 Straight line 50 Straight line % 85% 15%
4% 6%
2
No
Financing Pre-Development Debt Equity Total Capital
%
Project Finance Debt Equity Total Capital
%
Construction Financing Financing Date, Year Maturity, Yrs Risk Free Interest Rate / LIBOR Debt Margin Rate Arranging Fees (% of debt) Tolerance on Arrangement Fee Convergence check
56976059.xls
0% 100%
100.0%
70.00% 30.00%
100.0%
2011 6 4.26% 2.00% 1.80% 0.01
04/28/2011
18 / (56)
Input_Main
Coal
Model Check: OK
Project Assumptions - Main Input Sheet / Coal 2006 Year Flag
1 2
Senior Debt / Structured Repayment Profile Structured Repayment Straight Line Repayment
1
Loan Type Structured Repayment
Flag
100.0% 100.0%
Structured Repayment
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
0.0% 0.0%
0.0% 0.0%
0.0% 0.0%
0.0% 0.0%
0.0% 0.0%
1 1 0.0% 16.7%
2 1 0.0% 16.7%
3 1 0.0% 16.7%
4 1 0.0% 16.7%
5 1 0.0% 16.7%
6 1 0.0% 16.7%
100.0% 0.0%
0.0% 0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
100.0%
0.0%
Senior Debt Profile Amortised 90%
Bullet 10%
100.0%
Junior Debt Profile Amortised 0%
Bullet 100%
100.0%
Re-Financing Project Debt Structure Senior Debt Junior Debt Equity Total Capital Refinancing Refinancing Takes Place, Date Senior Debt Senior Debt Maturity, Yrs Senior Debt Margin Rate Arranging Fees (% of debt) Junior Debt Junior Debt Maturity Period After Senior Debt (years) Junior Debt Maturity, Yrs Junior Debt Margin Rate Arranging Fees (% of debt)
56976059.xls
% 70% 0% 30%
100.0%
Yes 1 2017 20 2.00% 100.00% 2 22 1.50% 2.50%
Check
Check
04/28/2011
19 / (56)
Input_Main
Coal
Model Check: OK
Project Assumptions - Main Input Sheet / Coal 2006 Senior Debt Repayment Profile Senior Debt Repayment Junior Debt Repayment Profile Junior Debt Repayment
Phase Flag
2007 -
Year Flag
0
0
0
2010 -
0
2011 -
0
2012 -
0
2013 -
0
2014 -
0
2015 -
0
2016 1
0
2017 2
0
2018 3
1
4 1
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
4.5%
4.5%
100.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
1.40x 1.00x 100.00x
Short-Term Funding Facility Max Short-Term Funding Facility Balance (m£) Short-Term Facility Interest Rate Opening Balance - Short Term Funding
3 2.00% 10
Interest on Cash Interest on Cash
2.00%
Indexation Years Indexation Start Year, I
2009 -
100.0%
Target Cover Ratios Target DSCR Target LLCR Max (LLCR)
Rates / Valuation Levelised Discount Rate ( LC_WACC)
2008 -
10
10.00% Year 2006
General Information Graph Scenario (Non vs. Escalated) Real (Non-Escalated) Nominal (Escalated)
56976059.xls
1
1=Non-Escl, 2=Escl.
04/28/2011
20 / (56)
Input_Coal
New Build Evaluation Model
Model Check: OK
Project Assumptions / Coal Design and Build Type Design
1 Pulverised Fuel (ASC) with FGD 2 Pulverised Fuel (ASC) with FGD with CCS 3 IGCC 4 IGCC with CCS Selected Option 1
Pulverised Fuel (ASC) with(ASC) FGD Pulverised Fuel
Storage Flag £6/MWh based on £8/t CO2 £8/tCO2 equates to
with FGD
Yes or No
0.0
(£/MWh)
6
Kind 1 First of a kind 2 Nth of a kind Selected Option 1
First of a kind First of a
kind
Assumptions 1 Data 2 Redpoint 3 Spare2 Selected Option 1
Deduction Flag Remove storage
Data Data
Yes or No
No
Timing Key Dates / Time Periods Financial close Prelicensing Period Site Specific Licensing Period Public Enquiry Period Pre-development Period - Subtotal Pre-development Period (NAOK Adjustment) Total Pre-development Period (including NAOK) Construction Start Date Construction Period Commercial Operation Start Date Plant Operating Period Commericial Operation End Date Decommissioning Cooldown Decommissioning Start Date Decommissioning Period Decommissioning End Date
Pre-development Distribution Capex Distribution
Unit (months) (months) (months) (months) (months) (months) (months) (years) (years) (months)
100.0% 100.0%
Data 1-Jan-2007
Unit
24 24 48 48 1-Jan-2011 48 1-Jan-2015 50 1-Jan-2065 1-Jan-2065 12 1-Jan-2066
(years) (years) (years) (years) (years) (years)
0 2 2 4 0 4
(years)
4.0
(years)
1
31-Dec-2006 0% 0%
31-Dec-2007 25% 0%
31-Dec-2008 25% 0%
(days) (days) (days)
0 730 730
(months) (months) (months) (months) (months) (months) (months) (years) (years) (months)
31-Dec-2009 25% 0%
31-Dec-2010 25% 0%
31-Dec-2011 0% 15%
Data 1-Jan-2007
Unit
0 24 24 48 48 1-Jan-2011 48 1-Jan-2015 50 1-Jan-2065 0 1-Jan-2065 12 1-Jan-2066
(years) (years) (years) (years) (years) (years)
0 2 2 4 0 4
(years)
4
31-Dec-2012 0% 24%
31-Dec-2013 0% 42%
(days) (days) (days)
0 730 730
(months) (months) (months) (months) (months) (months) (months) (years) (years)
(years)
1
31-Dec-2014 0% 19%
(months)
31-Dec-2015 0% 0%
31-Dec-2016 0% 0%
31-Dec-2017 0% 0%
Energy / Plant Data Plant Data I Power Output (MW) Gross Efficiency (norm./actual) Plant Data II Gross to Net efficiency factor (LHV/HHV) Output Degradation Heat Rate Degradation
Data
Data 500 46%
Redpoint 500 46%
56976059.xls
0%
1.05 100.0% 100.0% Data
Run In Period (years) Availability (first X years) Availability thereafter
Spare2 500 44%
2 90% 90%
Redpoint 2 90% 90%
Spare2 2 90% 90%
0% 0%
04/28/2011
21 / (56)
Input_Coal
Redpoint 1-Jan-2007
Unit
0 24 24 48 48 1-Jan-2011 48 1-Jan-2015 50 1-Jan-2065 0 1-Jan-2065 12 1-Jan-2066
(years) (years) (years) (years) (years) (years)
0 2 2 4 0 4
(years)
4
(years)
1
31-Dec-2018 0% 0%
31-Dec-2019 0% 0%
31-Dec-2020 0% 0%
56976059.xls
(days) (days) (days)
0 730 730
(months) (months) (months) (months) (months) (months) (months) (years) (years) (months)
31-Dec-2021 0% 0%
31-Dec-2022 0% 0%
31-Dec-2023 0% 0%
Spare2 1-Jan-2007 0 24 24 48 48 1-Jan-2011 48 1-Jan-2015 1-Jan-2015 0 1-Jan-2015 12 1-Jan-2016
(years) (years) (years) (years) (years) (years)
0 2 2 4 0 4
(years)
4
(years)
1
31-Dec-2024 0% 0%
31-Dec-2025 0% 0%
31-Dec-2026 0% 0%
04/28/2011
(days) (days) (days)
0 730 730
31-Dec-2027 0% 0%
31-Dec-2028 0% 0%
31-Dec-2029 0% 0%
31-Dec-2030 0% 0%
31-Dec-2031 0% 0%
31-Dec-2032 0% 0%
31-Dec-2033 0% 0%
31-Dec-2034 0% 0%
22 / (56)
Input_Coal
Pre-development Costs Pre-development Cost (£'000) Prelicensing Technical including design selection Regulatory including licensing and EIA Regulatory - public enquiry - cost per day Regulatory - public enquiry - cost Total Pre-development Costs
Data
Data
Redpoint
-
Spare2
0 0 0 0 0 0
0
Data
0 0 0 0 0 0
0 0 0 0 0 0
Data
Redpoint
Spare2
0% 0% 50% 50%
0% 0% 50% 50%
0% 0% 50% 50%
0% 0% 50% 50%
30 30
30 30
30 30
30 30
Construction Costs Construction Cost Capital cost (£/kW) Waste Disposal Cost (£/kW) Infrastructure Cost (£/kW) Capital Cost (£'000)
Data
Data
918 459,000
Land - acquisition cost (£'000)
Redpoint
918 0 459,000
-
Spare2
882 0 441,000
-
0 0
-
-
Operation & Maintenance / Other Operation Costs Operation and Maintenance Cost O&M Fee (£/kW) Additional Insurance (£/kW) Additional Security (£/kW) Total O&M Fee (£/kW) Variable O&M (£/MWh) Waste Fund (£'000) Decommissioning Fund (£'000)
Data
Working Capital Circulation Time of s Receivable (Days) Circulation Time of s & Bills Payable (Days)
Data
Redpoint
Spare2
17 17 1.1 -
17 0.0 0.0 17 1 0 0
31 0.0 0.0 31 2 0 0
0.0 0.0 0 0 0
30 30
30 30
30 30
30 30
30 30
30 30
30 30
30 30
Fuel Cost Assumptions (Contract / Spot) Fuel Conversion factor
1 2 3 4 5 6 7 8 9
Coal Cost Scenarios Coal Central Case - DTI July 2006 Coal Low Case - DTI July 2006 Coal High Case - DTI July 2006 Coal - Markal price XXX XXX XXX XXX XXX
7,277,777.78 MWht per Mtonne £/tonne
Yes or No
Yes
31-Dec-2006 33.00 31.82 35.00 30.50
31-Dec-2007 31.54 28.66 35.58 30.50
31-Dec-2008 30.08 25.40 36.17 30.50
31-Dec-2009 28.62 22.24 36.75 30.50
31-Dec-2010 27.16 18.97 36.52 30.50
31-Dec-2011 26.94 18.56 36.52 30.50
31-Dec-2012 26.73 18.16 36.52 30.50
31-Dec-2013 26.51 17.65 36.52 30.50
31-Dec-2014 26.29 17.24 36.52 30.50
31-Dec-2015 26.08 16.83 36.52 30.50
31-Dec-2016 25.86 16.32 36.52 30.50
31-Dec-2017 25.65 15.91 36.52 30.50
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
28.62
27.16
26.94
26.73
26.51
26.29
26.08
25.86
25.65
31-Dec-2010 0.00
31-Dec-2011 0.00
31-Dec-2012 0.00
31-Dec-2013 0.00
31-Dec-2014 0.00
31-Dec-2015 0.00
31-Dec-2016 0.00
31-Dec-2017 0.00
Selected Option 1 Coal Central Case - DTI July 2006
33.00
Coal Central Case - DTI July 2006
Contract Contract Period (years) Minimum Take-or-Pay Contract Amount (million tonnes) Max Contract Amount (million tonnes) Contract Price (£/tonne)
Fuel Delivery Flag £0.7/MWh based on UEP model
1 £ per £
Data
31.54 Data
-
30.08 Redpoint
0 0.0 0.0 0.00
Spare2 0 0.0 0.0 0.00
0 0.0 0.0 0.00
Contract Assumptions (PPA) Contract Contract Period (years) Minimum Take-or-Pay Contract Amount (MWh) Max Contract Amount (MWh)
Data
Data -
Contract Price (£/MWh) Power Purchase Agreement (PPA)
31-Dec-2006 0.00
Redpoint
Spare2
0 0.0 0.0
0 0.0 0.0
0 0.0 0.0
31-Dec-2007 0.00
31-Dec-2008 0.00
31-Dec-2009 0.00
Redpoint 0.753 0.753
Spare2 #DIV/0! #DIV/0!
Emissions Emissions - Operation CO2 - base plant CO2 - base plant with CCS
56976059.xls
Data
tCO2e/MWh tCO2e/MWh
Data 0.728 0.728
0.728 0.728
04/28/2011
23 / (56)
Input_Coal
30 30
30 30
30 30
30 30
30 30
30 30
30 30
30 30
30 30
30 30
30 30
30 30
30 30
30 30
30 30
30 30
30 30
31-Dec-2018 25.43 15.50 36.52 30.50
31-Dec-2019 25.22 14.99 36.52 30.50
31-Dec-2020 25.00 14.59 36.52 30.50
31-Dec-2021 25.00 14.59 36.52 30.50
31-Dec-2022 25.00 14.59 36.52 30.50
31-Dec-2023 25.00 14.59 36.52 30.50
31-Dec-2024 25.00 14.59 36.52 30.50
31-Dec-2025 25.00 14.59 36.52 30.50
31-Dec-2026 25.00 14.59 36.52 30.50
31-Dec-2027 25.00 14.59 36.52 30.50
31-Dec-2028 25.00 14.59 36.52 30.50
31-Dec-2029 25.00 14.59 36.52 30.50
31-Dec-2030 25.00 14.59 36.52 30.50
31-Dec-2031 25.00 14.59 36.52 30.50
31-Dec-2032 25.00 14.59 36.52 30.50
31-Dec-2033 25.00 14.59 36.52 30.50
31-Dec-2034 25.00 14.59 36.52 30.50
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
25.43
25.22
25.00
25.00
25.00
25.00
25.00
25.00
25.00
25.00
25.00
25.00
25.00
25.00
25.00
25.00
25.00
31-Dec-2018 0.00
31-Dec-2019 0.00
31-Dec-2020 0.00
31-Dec-2021 0.00
31-Dec-2022 0.00
31-Dec-2023 0.00
31-Dec-2024 0.00
31-Dec-2025 0.00
31-Dec-2026 0.00
31-Dec-2027 0.00
31-Dec-2028 0.00
31-Dec-2029 0.00
31-Dec-2030 0.00
31-Dec-2031 0.00
31-Dec-2032 0.00
31-Dec-2033 0.00
31-Dec-2034 0.00
56976059.xls
04/28/2011
24 / (56)
Input_Coal
Waste Fund Costs Waste Cost ('000) Capital cost (£/kW) Total Decommissioning Costs
Data
Data -
Redpoint 0.0 0
0
Spare2 0.0 0
0.0 0
Decommissioning Costs Decomissioning Cost ('000) Capital cost (£/kW) Total Decommissioning Costs
Data
Data -
Redpoint -
0
Spare2 -
0
0
0
ing & Finance Depreciation Plant & Machinery Buildings
Data
Capital Allowances Industrial Buildings Allowances (SL Basis) Write Down Allowances (Reducing Balance)
Data
56976059.xls
Yrs
% 50 Straight line 50 Straight line
Data
50 50
% 85% 15%
Yrs
Data 4% 6%
% 85.0% 15.0%
04/28/2011
Method Straight line Straight line
Redpoint
Yrs 50 50
Redpoint 4.0% 6.0%
Method Straight line Straight line %
85.0% 15.0%
4.0% 6.0%
25 / (56)
Input_Coal
Spare2
Yrs 0 0
Spare2
% 85.0% 15.0%
56976059.xls
Method Straight line Straight line
4.0% 6.0%
04/28/2011
26 / (56)
Pre_Constr
Coal
Sheet Check: 0
All Values in £'000s Unless Otherwise Indicated / Yearly Basis Annual Period Starting Annual Period Ending Pre-development Year No Pre-development Flag Proportion in Year Pre-development
1-Jan-2006
1-Jan-2007
1-Jan-2008
1-Jan-2009
1-Jan-2010
1-Jan-2011
1-Jan-2012
1-Jan-2013
1-Jan-2014
31-Dec-2006
31-Dec-2007
31-Dec-2008
31-Dec-2009
31-Dec-2010
31-Dec-2011
31-Dec-2012
31-Dec-2013
31-Dec-2014
0
1
2
3
4
0
0
0
0
0 0%
1 100%
1 100%
1 100%
1 100%
0 0%
0 0%
0 0%
0 0%
Pre-development Pre-development Cost Pre-development Prelicensing - cost Technical including design selection Regulatory including licensing and EIA Regulatory - public enquiry - cost
Total
Total Pre-development Costs Escalated Prelicensing - cost Technical including design selection Regulatory including licensing and EIA Regulatory - public enquiry - cost Total Pre-development Costs - Escalated
0 0 0 0
0 0 0 0
0 0 0 0
0 0 0 0
0 0 0 0
0 0 0 0
0 0 0 0
0 0 0 0
0 0 0 0
0 0 0 0
0
0
0
0
0
0
0
0
0
0
0 0 0 0
0 0 0 0
0 0 0 0
0 0 0 0
0 0 0 0
0 0 0 0
0 0 0 0
0 0 0 0
0 0 0 0
0 0 0 0
0
0
0
0
0
0
0
0
0
0
All Values in £'000s Unless Otherwise Indicated / Yearly Basis Annual Period Starting Annual Period Ending
1-Jan-2006
1-Jan-2007
1-Jan-2008
1-Jan-2009
1-Jan-2010
1-Jan-2011
1-Jan-2012
1-Jan-2013
1-Jan-2014
31-Dec-2006
31-Dec-2007
31-Dec-2008
31-Dec-2009
31-Dec-2010
31-Dec-2011
31-Dec-2012
31-Dec-2013
31-Dec-2014
Construction Year No
0
0
0
0
0
1
2
3
4
Construction Flag
0
0
0
0
0
1
1
1
1
Construction Start Flag
0
0
0
0
0
1
0
0
0
0 0%
0 0%
0 0%
0 0%
0 0%
0 100%
0 100%
0 100%
0 100%
Waste Disposal Flag Proportion in Year Construction
Construction Construction Cost Construction cost Capital Cost Waste Disposal Cost Infrastructure Cost
Total 459,000 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
68,850 0 0
110,160 0 0
192,780 0 0
87,210 0 0
Total Construction Costs
459,000
0
0
0
0
0
68,850
110,160
192,780
87,210
Construction Costs - Escalated
565,052
0
0
0
0
0
81,021
133,198
239,506
111,328
56976059.xls
04/28/2011
27 / (56)
Pre_Constr
Coal
Sheet Check: 0
All Values in £'000s Unless Otherwise Indicated / Yearly Basis Annual Period Starting Annual Period Ending Pre-development Year No Pre-development Flag Proportion in Year Pre-development
1-Jan-2015
1-Jan-2016
1-Jan-2017
1-Jan-2018
1-Jan-2019
1-Jan-2020
1-Jan-2021
1-Jan-2022
1-Jan-2023
31-Dec-2015
31-Dec-2016
31-Dec-2017
31-Dec-2018
31-Dec-2019
31-Dec-2020
31-Dec-2021
31-Dec-2022
31-Dec-2023
0
0
0
0
0
0
0
0
0
0 0%
0 0%
0 0%
0 0%
0 0%
0 0%
0 0%
0 0%
0 0%
Pre-development Pre-development Cost Pre-development Prelicensing - cost Technical including design selection Regulatory including licensing and EIA Regulatory - public enquiry - cost
Total
Total Pre-development Costs Escalated Prelicensing - cost Technical including design selection Regulatory including licensing and EIA Regulatory - public enquiry - cost Total Pre-development Costs - Escalated
0 0 0 0
0 0 0 0
0 0 0 0
0 0 0 0
0 0 0 0
0 0 0 0
0 0 0 0
0 0 0 0
0 0 0 0
0 0 0 0
0
0
0
0
0
0
0
0
0
0
0 0 0 0
0 0 0 0
0 0 0 0
0 0 0 0
0 0 0 0
0 0 0 0
0 0 0 0
0 0 0 0
0 0 0 0
0 0 0 0
0
0
0
0
0
0
0
0
0
0
All Values in £'000s Unless Otherwise Indicated / Yearly Basis Annual Period Starting Annual Period Ending
1-Jan-2015
1-Jan-2016
1-Jan-2017
1-Jan-2018
1-Jan-2019
1-Jan-2020
1-Jan-2021
1-Jan-2022
1-Jan-2023
31-Dec-2015
31-Dec-2016
31-Dec-2017
31-Dec-2018
31-Dec-2019
31-Dec-2020
31-Dec-2021
31-Dec-2022
31-Dec-2023
Construction Year No
0
0
0
0
0
0
0
0
0
Construction Flag
0
0
0
0
0
0
0
0
0
Construction Start Flag
0
0
0
0
0
0
0
0
0
0 0%
0 0%
0 0%
0 0%
0 0%
0 0%
0 0%
0 0%
0 0%
Waste Disposal Flag Proportion in Year Construction
Construction Construction Cost Construction cost Capital Cost Waste Disposal Cost Infrastructure Cost
Total 459,000 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
Total Construction Costs
459,000
0
0
0
0
0
0
0
0
0
Construction Costs - Escalated
565,052
0
0
0
0
0
0
0
0
0
56976059.xls
04/28/2011
28 / (56)
Pre_Constr
Coal
Sheet Check: 0
All Values in £'000s Unless Otherwise Indicated / Yearly Basis Annual Period Starting Annual Period Ending Pre-development Year No Pre-development Flag Proportion in Year Pre-development
1-Jan-2024
1-Jan-2025
1-Jan-2026
1-Jan-2027
1-Jan-2028
1-Jan-2029
1-Jan-2030
1-Jan-2031
1-Jan-2032
31-Dec-2024
31-Dec-2025
31-Dec-2026
31-Dec-2027
31-Dec-2028
31-Dec-2029
31-Dec-2030
31-Dec-2031
31-Dec-2032
0
0
0
0
0
0
0
0
0
0 0%
0 0%
0 0%
0 0%
0 0%
0 0%
0 0%
0 0%
0 0%
Pre-development Pre-development Cost Pre-development Prelicensing - cost Technical including design selection Regulatory including licensing and EIA Regulatory - public enquiry - cost
Total
Total Pre-development Costs Escalated Prelicensing - cost Technical including design selection Regulatory including licensing and EIA Regulatory - public enquiry - cost Total Pre-development Costs - Escalated
0 0 0 0
0 0 0 0
0 0 0 0
0 0 0 0
0 0 0 0
0 0 0 0
0 0 0 0
0 0 0 0
0 0 0 0
0 0 0 0
0
0
0
0
0
0
0
0
0
0
0 0 0 0
0 0 0 0
0 0 0 0
0 0 0 0
0 0 0 0
0 0 0 0
0 0 0 0
0 0 0 0
0 0 0 0
0 0 0 0
0
0
0
0
0
0
0
0
0
0
All Values in £'000s Unless Otherwise Indicated / Yearly Basis Annual Period Starting Annual Period Ending
1-Jan-2024
1-Jan-2025
1-Jan-2026
1-Jan-2027
1-Jan-2028
1-Jan-2029
1-Jan-2030
1-Jan-2031
1-Jan-2032
31-Dec-2024
31-Dec-2025
31-Dec-2026
31-Dec-2027
31-Dec-2028
31-Dec-2029
31-Dec-2030
31-Dec-2031
31-Dec-2032
Construction Year No
0
0
0
0
0
0
0
0
0
Construction Flag
0
0
0
0
0
0
0
0
0
Construction Start Flag
0
0
0
0
0
0
0
0
0
1 0%
0 0%
0 0%
0 0%
0 0%
0 0%
0 0%
0 0%
0 0%
Waste Disposal Flag Proportion in Year Construction
Construction Construction Cost Construction cost Capital Cost Waste Disposal Cost Infrastructure Cost
Total 459,000 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
Total Construction Costs
459,000
0
0
0
0
0
0
0
0
0
Construction Costs - Escalated
565,052
0
0
0
0
0
0
0
0
0
56976059.xls
04/28/2011
29 / (56)
Pre_Constr
Coal
Sheet Check: 0
All Values in £'000s Unless Otherwise Indicated / Yearly Basis Annual Period Starting Annual Period Ending Pre-development Year No Pre-development Flag Proportion in Year Pre-development
1-Jan-2033
1-Jan-2034
31-Dec-2033
31-Dec-2034
0
0
0 0%
0 0%
Pre-development Pre-development Cost Pre-development Prelicensing - cost Technical including design selection Regulatory including licensing and EIA Regulatory - public enquiry - cost
Total
Total Pre-development Costs Escalated Prelicensing - cost Technical including design selection Regulatory including licensing and EIA Regulatory - public enquiry - cost Total Pre-development Costs - Escalated
0 0 0 0
0 0 0 0
0 0 0 0
0
0
0
0 0 0 0
0 0 0 0
0 0 0 0
0
0
0
All Values in £'000s Unless Otherwise Indicated / Yearly Basis Annual Period Starting Annual Period Ending
1-Jan-2033
1-Jan-2034
31-Dec-2033
31-Dec-2034
Construction Year No
0
0
Construction Flag
0
0
Construction Start Flag
0
0
0 0%
1 0%
Waste Disposal Flag Proportion in Year Construction
Construction Construction Cost Construction cost Capital Cost Waste Disposal Cost Infrastructure Cost
Total 459,000 0 0
0 0 0
0 0 0
Total Construction Costs
459,000
0
0
Construction Costs - Escalated
565,052
0
0
56976059.xls
04/28/2011
30 / (56)
Operation
Coal
Sheet Check: 0
UNITS
All Values in £'000s Unless Otherwise Indicated / Yearly Basis Annual Period Starting Annual Period Ending Operating Year No Operational Flag Proportion in Year Operation
1-Jan-2006
1-Jan-2007
1-Jan-2008
1-Jan-2009
1-Jan-2010
1-Jan-2011
1-Jan-2012
1-Jan-2013
31-Dec-2006 0 0 0%
31-Dec-2007 0 0 0%
31-Dec-2008 0 0 0%
31-Dec-2009 0 0 0%
31-Dec-2010 0 0 0%
31-Dec-2011 0 0 0%
31-Dec-2012 0 0 0%
31-Dec-2013 0 0 0%
Power Production PLANT PERFORMANCE
Average during operation
Power Generation Gross Plant Output (MW) Output Degradation Net Plant Output (MW) Available Operating Hours during the Period Overall Availability Gross Energy Generated (before auxiliary deductions)
Total 197,229,600
100.0%
MWe % MWe
0 0.0% 0
0 0.0% 0
0 0.0% 0
0 0.0% 0
0 0.0% 0
0 0.0% 0
0 0.0% 0
0 0.0% 0
90.0%
Hours % MWhe
0 0.0% 0
0 0.0% 0
0 0.0% 0
0 0.0% 0
0 0.0% 0
0 0.0% 0
0 0.0% 0
0 0.0% 0
%
1.8%
1.8%
1.8%
1.8%
1.8%
1.8%
1.8%
1.8%
Auxiliary Power Requirement Gross Energy Generated (before auxiliary deductions)
197,229,600
3,944,592
MWhe
0
0
0
0
0
0
0
0
Energy Sent Out
193,679,467
3,873,589
MWhe
0
0
0
0
0
0
0
0
0.0% 0.0% 0 0.0% 0
0.0% 0.0% 0 0.0% 0
0.0% 0.0% 0 0.0% 0
0.0% 0.0% 0 0.0% 0
0.0% 0.0% 0 0.0% 0
0.0% 0.0% 0 0.0% 0
0.0% 0.0% 0 0.0% 0
0.0% 0.0% 0 0.0% 0
7,277,777.8 0.0 0
0.0 0
0.0 0
0.0 0
0.0 0
0.0 0
0.0 0
0.0 0
Fuel Consumption Gross Efficiency % Net Efficiency % Fuel Consumption (MWht), Gross Heat Rate Degradation Fuel Consumption (MWht), Net Thermal energy to fuel energy conversion Fuel Consumption (million tonnes or million therms) Fuel Consumption (tonnes or therms)
56976059.xls
Average during operation 45.6% 43.4% 454,147,105 9,082,942
Total
454,147,105
9,082,942
% % MWht % MWht
62 62,401,892
1 1,248,038
MWht per Mtonne Mtonne tonne
04/28/2011
31 / (56)
Operation
Coal
Sheet Check: 0
UNITS
All Values in £'000s Unless Otherwise Indicated / Yearly Basis Annual Period Starting Annual Period Ending Operating Year No Operational Flag Proportion in Year Operation
1-Jan-2014
1-Jan-2015
1-Jan-2016
1-Jan-2017
1-Jan-2018
1-Jan-2019
1-Jan-2020
1-Jan-2021
31-Dec-2014 0 0 0%
31-Dec-2015 1 1 100%
31-Dec-2016 2 1 100%
31-Dec-2017 3 1 100%
31-Dec-2018 4 1 100%
31-Dec-2019 5 1 100%
31-Dec-2020 6 1 100%
31-Dec-2021 7 1 100%
Power Production PLANT PERFORMANCE
Average during operation
Power Generation Gross Plant Output (MW) Output Degradation Net Plant Output (MW) Available Operating Hours during the Period Overall Availability Gross Energy Generated (before auxiliary deductions)
Total 197,229,600
100.0%
MWe % MWe
0 0.0% 0
500 100.0% 500
500 100.0% 500
500 100.0% 500
500 100.0% 500
500 100.0% 500
500 100.0% 500
500 100.0% 500
90.0%
Hours % MWhe
0 0.0% 0
8,736 90.0% 3,931,200
8,784 90.0% 3,952,800
8,760 90.0% 3,942,000
8,760 90.0% 3,942,000
8,760 90.0% 3,942,000
8,784 90.0% 3,952,800
8,760 90.0% 3,942,000
%
1.8%
1.8%
1.8%
1.8%
1.8%
1.8%
1.8%
1.8%
Auxiliary Power Requirement Gross Energy Generated (before auxiliary deductions)
197,229,600
3,944,592
MWhe
0
3,931,200
3,952,800
3,942,000
3,942,000
3,942,000
3,952,800
3,942,000
Energy Sent Out
193,679,467
3,873,589
MWhe
0
3,860,438
3,881,650
3,871,044
3,871,044
3,871,044
3,881,650
3,871,044
0.0% 0.0% 0 0.0% 0
45.6% 43.4% 9,052,105 100.0% 9,052,105
45.6% 43.4% 9,101,842 100.0% 9,101,842
45.6% 43.4% 9,076,974 100.0% 9,076,974
45.6% 43.4% 9,076,974 100.0% 9,076,974
45.6% 43.4% 9,076,974 100.0% 9,076,974
45.6% 43.4% 9,101,842 100.0% 9,101,842
45.6% 43.4% 9,076,974 100.0% 9,076,974
0.0 0
1.2 1,243,801
1.3 1,250,635
1.2 1,247,218
1.2 1,247,218
1.2 1,247,218
1.3 1,250,635
1.2 1,247,218
Fuel Consumption Gross Efficiency % Net Efficiency % Fuel Consumption (MWht), Gross Heat Rate Degradation Fuel Consumption (MWht), Net Thermal energy to fuel energy conversion Fuel Consumption (million tonnes or million therms) Fuel Consumption (tonnes or therms)
56976059.xls
Average during operation 45.6% 43.4% 454,147,105 9,082,942
Total
454,147,105
9,082,942
% % MWht % MWht
62 62,401,892
1 1,248,038
MWht per Mtonne Mtonne tonne
04/28/2011
32 / (56)
Operation
Coal
Sheet Check: 0
UNITS
All Values in £'000s Unless Otherwise Indicated / Yearly Basis Annual Period Starting Annual Period Ending Operating Year No Operational Flag Proportion in Year Operation
1-Jan-2022
1-Jan-2023
1-Jan-2024
1-Jan-2025
1-Jan-2026
1-Jan-2027
1-Jan-2028
1-Jan-2029
31-Dec-2022 8 1 100%
31-Dec-2023 9 1 100%
31-Dec-2024 10 1 100%
31-Dec-2025 11 1 100%
31-Dec-2026 12 1 100%
31-Dec-2027 13 1 100%
31-Dec-2028 14 1 100%
31-Dec-2029 15 1 100%
Power Production PLANT PERFORMANCE
Average during operation
Power Generation Gross Plant Output (MW) Output Degradation Net Plant Output (MW) Available Operating Hours during the Period Overall Availability Gross Energy Generated (before auxiliary deductions)
Total 197,229,600
100.0%
MWe % MWe
500 100.0% 500
500 100.0% 500
500 100.0% 500
500 100.0% 500
500 100.0% 500
500 100.0% 500
500 100.0% 500
500 100.0% 500
90.0%
Hours % MWhe
8,760 90.0% 3,942,000
8,760 90.0% 3,942,000
8,784 90.0% 3,952,800
8,760 90.0% 3,942,000
8,760 90.0% 3,942,000
8,760 90.0% 3,942,000
8,784 90.0% 3,952,800
8,760 90.0% 3,942,000
1.8%
1.8%
1.8%
1.8%
1.8%
1.8%
1.8%
1.8%
Auxiliary Power Requirement
%
Gross Energy Generated (before auxiliary deductions)
197,229,600
3,944,592
MWhe
3,942,000
3,942,000
3,952,800
3,942,000
3,942,000
3,942,000
3,952,800
3,942,000
Energy Sent Out
193,679,467
3,873,589
MWhe
3,871,044
3,871,044
3,881,650
3,871,044
3,871,044
3,871,044
3,881,650
3,871,044
45.6% 43.4% 9,076,974 100.0% 9,076,974
45.6% 43.4% 9,076,974 100.0% 9,076,974
45.6% 43.4% 9,101,842 100.0% 9,101,842
45.6% 43.4% 9,076,974 100.0% 9,076,974
45.6% 43.4% 9,076,974 100.0% 9,076,974
45.6% 43.4% 9,076,974 100.0% 9,076,974
45.6% 43.4% 9,101,842 100.0% 9,101,842
45.6% 43.4% 9,076,974 100.0% 9,076,974
1.2 1,247,218
1.2 1,247,218
1.3 1,250,635
1.2 1,247,218
1.2 1,247,218
1.2 1,247,218
1.3 1,250,635
1.2 1,247,218
Fuel Consumption Gross Efficiency % Net Efficiency % Fuel Consumption (MWht), Gross Heat Rate Degradation Fuel Consumption (MWht), Net Thermal energy to fuel energy conversion Fuel Consumption (million tonnes or million therms) Fuel Consumption (tonnes or therms)
56976059.xls
Average during operation 45.6% 43.4% 454,147,105 9,082,942
Total
454,147,105
9,082,942
% % MWht % MWht
62 62,401,892
1 1,248,038
MWht per Mtonne Mtonne tonne
04/28/2011
33 / (56)
Operation
Coal
Sheet Check: 0
UNITS
All Values in £'000s Unless Otherwise Indicated / Yearly Basis Annual Period Starting Annual Period Ending Operating Year No Operational Flag Proportion in Year Operation
1-Jan-2030
1-Jan-2031
1-Jan-2032
1-Jan-2033
31-Dec-2030 16 1 100%
31-Dec-2031 17 1 100%
31-Dec-2032 18 1 100%
31-Dec-2033 19 1 100%
Power Production PLANT PERFORMANCE
Average during operation
Power Generation Gross Plant Output (MW) Output Degradation Net Plant Output (MW) Available Operating Hours during the Period Overall Availability Gross Energy Generated (before auxiliary deductions)
Total 197,229,600
100.0%
MWe % MWe
500 100.0% 500
500 100.0% 500
500 100.0% 500
500 100.0% 500
90.0%
Hours % MWhe
8,760 90.0% 3,942,000
8,760 90.0% 3,942,000
8,784 90.0% 3,952,800
8,760 90.0% 3,942,000
1.8%
1.8%
1.8%
1.8%
Auxiliary Power Requirement
%
Gross Energy Generated (before auxiliary deductions)
197,229,600
3,944,592
MWhe
3,942,000
3,942,000
3,952,800
3,942,000
Energy Sent Out
193,679,467
3,873,589
MWhe
3,871,044
3,871,044
3,881,650
3,871,044
45.6% 43.4% 9,076,974 100.0% 9,076,974
45.6% 43.4% 9,076,974 100.0% 9,076,974
45.6% 43.4% 9,101,842 100.0% 9,101,842
45.6% 43.4% 9,076,974 100.0% 9,076,974
1.2 1,247,218
1.2 1,247,218
1.3 1,250,635
1.2 1,247,218
Fuel Consumption Gross Efficiency % Net Efficiency % Fuel Consumption (MWht), Gross Heat Rate Degradation Fuel Consumption (MWht), Net Thermal energy to fuel energy conversion Fuel Consumption (million tonnes or million therms) Fuel Consumption (tonnes or therms)
56976059.xls
Average during operation 45.6% 43.4% 454,147,105 9,082,942
Total
454,147,105
9,082,942
% % MWht % MWht
62 62,401,892
1 1,248,038
MWht per Mtonne Mtonne tonne
04/28/2011
34 / (56)
Strictly Private Confidential
Coal
Sheet Check: 0
All Values in £'000s Unless Otherwise Indicated / Yearly Basis Annual Period Starting Annual Period Ending
1-Jan-2006
1-Jan-2007
1-Jan-2008
1-Jan-2009
1-Jan-2010
1-Jan-2011
1-Jan-2012
31-Dec-2006
31-Dec-2007
31-Dec-2008
31-Dec-2009
31-Dec-2010
31-Dec-2011
31-Dec-2012
Operation Year Flag Operation Flag Proportion of Period in Operation Decomissioning Flag
0 0 0% 0
0 0 0% 0
0 0 0% 0
0 0 0% 0
0 0 0% 0
0 0 0% 0
0 0 0% 0
Proportion in Year Decommissioning Index Year Flag
0% 1
0% 2
0% 3
0% 4
0% 5
0% 6
0% 7
Decommissioning
56976059.xls / 04/28/2011
Decommissioning
35 / (56)
Strictly Private Confidential
Coal
Sheet Check: 0
All Values in £'000s Unless Otherwise Indicated / Yearly Basis Annual Period Starting Annual Period Ending
1-Jan-2013
1-Jan-2014
1-Jan-2015
1-Jan-2016
1-Jan-2017
1-Jan-2018
1-Jan-2019
31-Dec-2013
31-Dec-2014
31-Dec-2015
31-Dec-2016
31-Dec-2017
31-Dec-2018
31-Dec-2019
Operation Year Flag Operation Flag Proportion of Period in Operation Decomissioning Flag
0 0 0% 0
0 0 0% 0
1 1 100% 0
2 1 100% 0
3 1 100% 0
4 1 100% 0
5 1 100% 0
Proportion in Year Decommissioning Index Year Flag
0% 8
0% 9
0% 10
0% 11
0% 12
0% 13
0% 14
Decommissioning
56976059.xls / 04/28/2011
Decommissioning
36 / (56)
Strictly Private Confidential
Coal
Sheet Check: 0
All Values in £'000s Unless Otherwise Indicated / Yearly Basis Annual Period Starting Annual Period Ending Operation Year Flag Operation Flag Proportion of Period in Operation Decomissioning Flag Proportion in Year Decommissioning Index Year Flag
1-Jan-2020
1-Jan-2021
1-Jan-2022
1-Jan-2023
1-Jan-2024
1-Jan-2025
1-Jan-2026
31-Dec-2020
31-Dec-2021
31-Dec-2022
31-Dec-2023
31-Dec-2024
31-Dec-2025
31-Dec-2026
6 1 100% 0
7 1 100% 0
8 1 100% 0
9 1 100% 0
10 1 100% 0
11 1 100% 0
12 1 100% 0
0% 15
0% 16
0% 17
0% 18
0% 19
0% 20
0% 21
Decommissioning
56976059.xls / 04/28/2011
Decommissioning
37 / (56)
Strictly Private Confidential
Coal
Sheet Check: 0
All Values in £'000s Unless Otherwise Indicated / Yearly Basis Annual Period Starting Annual Period Ending Operation Year Flag Operation Flag Proportion of Period in Operation Decomissioning Flag Proportion in Year Decommissioning Index Year Flag
1-Jan-2027
1-Jan-2028
1-Jan-2029
1-Jan-2030
1-Jan-2031
1-Jan-2032
1-Jan-2033
31-Dec-2027
31-Dec-2028
31-Dec-2029
31-Dec-2030
31-Dec-2031
31-Dec-2032
31-Dec-2033
13 1 100% 0
14 1 100% 0
15 1 100% 0
16 1 100% 0
17 1 100% 0
18 1 100% 0
19 1 100% 0
0% 22
0% 23
0% 24
0% 25
0% 26
0% 27
0% 28
Decommissioning
56976059.xls / 04/28/2011
Decommissioning
38 / (56)
Strictly Private Confidential
Coal
Sheet Check: 0
All Values in £'000s Unless Otherwise Indicated / Yearly Basis Annual Period Starting Annual Period Ending
1-Jan-2034 31-Dec-2034
Operation Year Flag Operation Flag Proportion of Period in Operation Decomissioning Flag
20 1 100% 0
Proportion in Year Decommissioning Index Year Flag
0% 29
Decommissioning
56976059.xls / 04/28/2011
Decommissioning
39 / (56)
Strictly Private Confidential
Coal
Sheet Check: 0
All Values in £'000s Unless Otherwise Indicated / Yearly Basis Annual Period Starting Annual Period Ending Operation Year Flag Operation Flag Proportion of Period in Operation Waste Disposal Spend Flag Proportion in Year Waste Storage Index Year Flag
1-Jan-2006
1-Jan-2007
1-Jan-2008
1-Jan-2009
1-Jan-2010
1-Jan-2011
1-Jan-2012
31-Dec-2006 0 0 0% 0 0% 1
31-Dec-2007 0 0 0% 0 0% 2
31-Dec-2008 0 0 0% 0 0% 3
31-Dec-2009 0 0 0% 0 0% 4
31-Dec-2010 0 0 0% 0 0% 5
31-Dec-2011 0 0 0% 0 0% 6
31-Dec-2012 0 0 0% 0 0% 7
Waste Disposal
56976059.xls / 04/28/2011
Waste
40 / (56)
Strictly Private Confidential
Coal
Sheet Check: 0
All Values in £'000s Unless Otherwise Indicated / Yearly Basis Annual Period Starting Annual Period Ending Operation Year Flag Operation Flag Proportion of Period in Operation Waste Disposal Spend Flag Proportion in Year Waste Storage Index Year Flag
1-Jan-2013
1-Jan-2014
1-Jan-2015
1-Jan-2016
1-Jan-2017
1-Jan-2018
1-Jan-2019
31-Dec-2013 0 0 0% 0 0% 8
31-Dec-2014 0 0 0% 0 0% 9
31-Dec-2015 1 1 100% 0 0% 10
31-Dec-2016 2 1 100% 0 0% 11
31-Dec-2017 3 1 100% 0 0% 12
31-Dec-2018 4 1 100% 0 0% 13
31-Dec-2019 5 1 100% 0 0% 14
Waste Disposal
56976059.xls / 04/28/2011
Waste
41 / (56)
Strictly Private Confidential
Coal
Sheet Check: 0
All Values in £'000s Unless Otherwise Indicated / Yearly Basis Annual Period Starting Annual Period Ending Operation Year Flag Operation Flag Proportion of Period in Operation Waste Disposal Spend Flag Proportion in Year Waste Storage Index Year Flag
1-Jan-2020
1-Jan-2021
1-Jan-2022
1-Jan-2023
1-Jan-2024
1-Jan-2025
1-Jan-2026
31-Dec-2020 6 1 100% 0 0% 15
31-Dec-2021 7 1 100% 0 0% 16
31-Dec-2022 8 1 100% 0 0% 17
31-Dec-2023 9 1 100% 0 0% 18
31-Dec-2024 10 1 100% 0 0% 19
31-Dec-2025 11 1 100% 0 0% 20
31-Dec-2026 12 1 100% 0 0% 21
Waste Disposal
56976059.xls / 04/28/2011
Waste
42 / (56)
Strictly Private Confidential
Coal
Sheet Check: 0
All Values in £'000s Unless Otherwise Indicated / Yearly Basis Annual Period Starting Annual Period Ending Operation Year Flag Operation Flag Proportion of Period in Operation Waste Disposal Spend Flag Proportion in Year Waste Storage Index Year Flag
1-Jan-2027
1-Jan-2028
1-Jan-2029
1-Jan-2030
1-Jan-2031
1-Jan-2032
1-Jan-2033
31-Dec-2027 13 1 100% 0 0% 22
31-Dec-2028 14 1 100% 0 0% 23
31-Dec-2029 15 1 100% 0 0% 24
31-Dec-2030 16 1 100% 0 0% 25
31-Dec-2031 17 1 100% 0 0% 26
31-Dec-2032 18 1 100% 0 0% 27
31-Dec-2033 19 1 100% 0 0% 28
Waste Disposal
56976059.xls / 04/28/2011
Waste
43 / (56)
Strictly Private Confidential
Coal
Sheet Check: 0
All Values in £'000s Unless Otherwise Indicated / Yearly Basis Annual Period Starting Annual Period Ending
1-Jan-2034 31-Dec-2034 20 1 100% 0 0% 29
Operation Year Flag Operation Flag Proportion of Period in Operation Waste Disposal Spend Flag Proportion in Year Waste Storage Index Year Flag
Waste Disposal
56976059.xls / 04/28/2011
Waste
44 / (56)
Finance
Coal
Model Check: OK
All Values in £'000s Unless Otherwise Indicated / Yearly Basis Annual Period Starting Annual Period Ending Year Flag Project Life Flag (Start to End) Proportion of Period in Operation Years in Operation
50
Operational Phase Flag Start of Operations Flag End of Operations Flag Project Finance Phase Flag Construction Phase Flag Construction / Operations Flag End of Decommissioning Flag
1-Jan-2005
1-Jan-2006
1-Jan-2007
1-Jan-2008
1-Jan-2009
1-Jan-2010
1-Jan-2011
31-Dec-2005 0 0 0% 0
31-Dec-2006 1 0 0% 0
31-Dec-2007 2 1 0% 0
31-Dec-2008 3 1 0% 0
31-Dec-2009 4 1 0% 0
31-Dec-2010 5 1 0% 0
31-Dec-2011 6 1 0% 0
0 0 0 0 0 0 0
0 0 0 0 0 0 0
0 0 0 0 0 0 0
0 0 0 0 0 0 0
0 0 0 0 0 0 0
0 0 0 0 0 0 0
0 0 0 1 1 1 0
Finance CONSTRUCTION FINANCING Financing Flag Senior Debt Repayment Schedule Senior Debt Interest Rate Arrangement fee - circularity copy / paste area Calculated arrangement fee Arrangement fee used by model Difference Re-run macro? Senior Debt I Balance b/f Debt Drawdown - Principal Debt Drawdown - Arrangement Fee Total Loan Amount before Repayments Interest capitalised Senior Debt I Special Repayments Senior Debt I Repayments Balance c/f Check Interest Due
Total
0 0.0% 6.26%
0 0.0% 6.26%
0 0.0% 6.26%
0 0.0% 6.26%
0 0.0% 6.26%
1 0.0% 6.26%
0 0 0 0 0 0 0
0 0 0 0 0 0 0
0 0 0 0 0 0 0
0 0 0 0 0 0 0
0 0 0 0 0 0 0
0 56,714 8,254 64,968 4,067 0 0
0 0
0
0
0
0
0
69,035
(121,459)
0
0
0
0
0
(4,067)
0
0
0
0
0
( 4 067)
100.0 %
8,254 8,254 0 0
Total 395,536 8,254 63,015 0 (466,806)
Senior Debt Service
56976059.xls
04/28/2011
45 / (56)
Finance
Coal
Model Check: OK
All Values in £'000s Unless Otherwise Indicated / Yearly Basis Annual Period Starting Annual Period Ending Year Flag Project Life Flag (Start to End) Proportion of Period in Operation Years in Operation
50
Operational Phase Flag Start of Operations Flag End of Operations Flag Project Finance Phase Flag Construction Phase Flag Construction / Operations Flag End of Decommissioning Flag
1-Jan-2012
1-Jan-2013
1-Jan-2014
31-Dec-2012 7 1 0% 0
31-Dec-2013 8 1 0% 0
31-Dec-2014 9 1 0% 0
0 0 0 1 1 1 0
0 0 0 1 1 1 0
0 0 0 1 1 1 0
Finance CONSTRUCTION FINANCING Financing Flag Senior Debt Repayment Schedule Senior Debt Interest Rate Arrangement fee - circularity copy / paste area Calculated arrangement fee Arrangement fee used by model Difference Re-run macro? Senior Debt I Balance b/f Debt Drawdown - Principal Debt Drawdown - Arrangement Fee Total Loan Amount before Repayments Interest capitalised Senior Debt I Special Repayments Senior Debt I Repayments Balance c/f Check Interest Due Senior Debt Service
56976059.xls
Total
1 0.0% 6.26%
1 0.0% 6.26%
1 0.0% 6.26%
69,035 93,238 0 162,274 10,158 0 0
172,432 167,654 0 340,086 21,289 0 0
361,376 77,929 0 439,305 27,500 0 0
0 0
172,432
361,376
466,806
(121,459)
(10,158)
(21,289)
(27,500)
( 10 158)
( 21 289)
( 27 500)
100.0 %
8,254 8,254 0 0
Total 395,536 8,254 63,015 0 (466,806)
04/28/2011
46 / (56)
Finance
Coal
Model Check: OK
All Values in £'000s Unless Otherwise Indicated / Yearly Basis Annual Period Starting Annual Period Ending Year Flag Project Life Flag (Start to End) Proportion of Period in Operation Years in Operation
50
Operational Phase Flag Start of Operations Flag End of Operations Flag Project Finance Phase Flag Construction Phase Flag Construction / Operations Flag End of Decommissioning Flag
1-Jan-2015
1-Jan-2016
1-Jan-2017
1-Jan-2018
1-Jan-2019
1-Jan-2020
1-Jan-2021
31-Dec-2015 10 1 100% 1
31-Dec-2016 11 1 100% 2
31-Dec-2017 12 1 100% 3
31-Dec-2018 13 1 100% 4
31-Dec-2019 14 1 100% 5
31-Dec-2020 15 1 100% 6
31-Dec-2021 16 1 100% 7
1 1 0 1 0 1 0
1 0 0 1 0 1 0
1 0 0 0 0 1 0
1 0 0 0 0 1 0
1 0 0 0 0 1 0
1 0 0 0 0 1 0
1 0 0 0 0 1 0
Finance CONSTRUCTION FINANCING Financing Flag Senior Debt Repayment Schedule Senior Debt Interest Rate Arrangement fee - circularity copy / paste area Calculated arrangement fee Arrangement fee used by model Difference Re-run macro? Senior Debt I Balance b/f Debt Drawdown - Principal Debt Drawdown - Arrangement Fee Total Loan Amount before Repayments Interest capitalised Senior Debt I Special Repayments Senior Debt I Repayments Balance c/f Check Interest Due Senior Debt Service
56976059.xls
Total
1 0.0% 6.26%
1 0.0% 6.26%
1 100.0% 6.26%
1 0.0% 6.26%
1 0.0% 6.26%
1 0.0% 6.26%
1 0.0% 6.26%
466,806 0 0 466,806 0 0 0
466,806 0 0 466,806 0 0 0
466,806 0 0 466,806 0 0 (466,806)
0 0 0 0 0 0 0
0 0 0 0 0 0 0
0 0 0 0 0 0 0
0 0 0 0 0 0 0
0 0
466,806
466,806
0
0
0
0
0
(121,459)
(29,222)
(29,222)
0
0
0
0
0
( 29 222)
( 29 222)
( 466 806)
0
0
0
0
100.0 %
8,254 8,254 0 0
Total 395,536 8,254 63,015 0 (466,806)
04/28/2011
47 / (56)
Finance
Coal
Model Check: OK
All Values in £'000s Unless Otherwise Indicated / Yearly Basis Annual Period Starting Annual Period Ending Year Flag Project Life Flag (Start to End) Proportion of Period in Operation Years in Operation
50
Operational Phase Flag Start of Operations Flag End of Operations Flag Project Finance Phase Flag Construction Phase Flag Construction / Operations Flag End of Decommissioning Flag
1-Jan-2022
1-Jan-2023
1-Jan-2024
1-Jan-2025
1-Jan-2026
1-Jan-2027
31-Dec-2022 17 1 100% 8
31-Dec-2023 18 1 100% 9
31-Dec-2024 19 1 100% 10
31-Dec-2025 20 1 100% 11
31-Dec-2026 21 1 100% 12
31-Dec-2027 22 1 100% 13
1 0 0 0 0 1 0
1 0 0 0 0 1 0
1 0 0 0 0 1 0
1 0 0 0 0 1 0
1 0 0 0 0 1 0
1 0 0 0 0 1 0
Finance CONSTRUCTION FINANCING Financing Flag Senior Debt Repayment Schedule Senior Debt Interest Rate Arrangement fee - circularity copy / paste area Calculated arrangement fee Arrangement fee used by model Difference Re-run macro? Senior Debt I Balance b/f Debt Drawdown - Principal Debt Drawdown - Arrangement Fee Total Loan Amount before Repayments Interest capitalised Senior Debt I Special Repayments Senior Debt I Repayments Balance c/f Check Interest Due Senior Debt Service
56976059.xls
Total
1 0.0% 6.26%
1 0.0% 6.26%
1 0.0% 6.26%
1 0.0% 6.26%
1 0.0% 6.26%
1 0.0% 6.26%
0 0 0 0 0 0 0
0 0 0 0 0 0 0
0 0 0 0 0 0 0
0 0 0 0 0 0 0
0 0 0 0 0 0 0
0 0 0 0 0 0 0
0 0
0
0
0
0
0
0
(121,459)
0
0
0
0
0
0
0
0
0
0
0
0
100.0 %
8,254 8,254 0 0
Total 395,536 8,254 63,015 0 (466,806)
04/28/2011
48 / (56)
Strictly Private Confidential
Coal
Model Check: OK
All Values in £'000s Unless Otherwise Indicated / Yearly Basis Annual Period Starting Annual Period Ending Year No Proportion in Year Operation
1-Jan-2006
1-Jan-2007
1-Jan-2008
1-Jan-2009
1-Jan-2010
1-Jan-2011
1-Jan-2012
1-Jan-2013
1-Jan-2014
31-Dec-2006 1 0%
31-Dec-2007 2 0%
31-Dec-2008 3 0%
31-Dec-2009 4 0%
31-Dec-2010 5 0%
31-Dec-2011 6 0%
31-Dec-2012 7 0%
31-Dec-2013 8 0%
31-Dec-2014 9 0%
Indexation INDICES INDEX VALUES Indeces / I (2006) RPI
2.75%
2.75%
2.75%
2.75%
2.75%
2.75%
2.75%
2.75%
2.75%
1.028
1.056
1.085
1.115
1.145
1.177
1.209
1.242
1.277
INDEX FACTORS Index Factors / I (2006) RPI
56976059.xls / 04/28/2011
1
Index
49 / (56)
Strictly Private Confidential
Coal
Model Check: OK
All Values in £'000s Unless Otherwise Indicated / Yearly Basis Annual Period Starting Annual Period Ending Year No Proportion in Year Operation
1-Jan-2015
1-Jan-2016
1-Jan-2017
1-Jan-2018
1-Jan-2019
1-Jan-2020
1-Jan-2021
1-Jan-2022
1-Jan-2023
31-Dec-2015 10 100%
31-Dec-2016 11 100%
31-Dec-2017 12 100%
31-Dec-2018 13 100%
31-Dec-2019 14 100%
31-Dec-2020 15 100%
31-Dec-2021 16 100%
31-Dec-2022 17 100%
31-Dec-2023 18 100%
Indexation INDICES INDEX VALUES Indeces / I (2006) RPI
2.75%
2.75%
2.75%
2.75%
2.75%
2.75%
2.75%
2.75%
2.75%
1.312
1.348
1.385
1.423
1.462
1.502
1.544
1.586
1.630
INDEX FACTORS Index Factors / I (2006) RPI
56976059.xls / 04/28/2011
1
Index
50 / (56)
Strictly Private Confidential
Coal
Model Check: OK
All Values in £'000s Unless Otherwise Indicated / Yearly Basis Annual Period Starting Annual Period Ending Year No Proportion in Year Operation
1-Jan-2024
1-Jan-2025
1-Jan-2026
1-Jan-2027
1-Jan-2028
1-Jan-2029
1-Jan-2030
1-Jan-2031
1-Jan-2032
31-Dec-2024 19 100%
31-Dec-2025 20 100%
31-Dec-2026 21 100%
31-Dec-2027 22 100%
31-Dec-2028 23 100%
31-Dec-2029 24 100%
31-Dec-2030 25 100%
31-Dec-2031 26 100%
31-Dec-2032 27 100%
Indexation INDICES INDEX VALUES Indeces / I (2006) RPI
2.75%
2.75%
2.75%
2.75%
2.75%
2.75%
2.75%
2.75%
2.75%
1.674
1.720
1.768
1.816
1.866
1.918
1.970
2.025
2.080
INDEX FACTORS Index Factors / I (2006) RPI
56976059.xls / 04/28/2011
1
Index
51 / (56)
Strictly Private Confidential
Coal
Model Check: OK
All Values in £'000s Unless Otherwise Indicated / Yearly Basis Annual Period Starting Annual Period Ending Year No Proportion in Year Operation
1-Jan-2033
1-Jan-2034
31-Dec-2033 28 100%
31-Dec-2034 29 100%
Indexation INDICES INDEX VALUES Indeces / I (2006) RPI
2.75%
2.75%
2.137
2.196
INDEX FACTORS Index Factors / I (2006) RPI
56976059.xls / 04/28/2011
1
Index
52 / (56)
0 Copy No. 001
New Build Evaluation Model Pulverised Fuel Coal Financial Model Version: Version
2006
0 Preparation Date:
April 28, 2011
- The use of Financial Model is Subject to the Disclaimer -
0 Pulverised Fuel Coal
Report W/sheet Header / Footer Titles CenterHeader Left Footer CenterFooter RightFooter
worksheet name filename date page / (pages)
0
&A &F &D &P / (&N)
1
2
3
4
5
6
7
8
9
(L)and / (P)ortrait
Zoom
HorizCenter?
VertiCenter?
CenterHeader
LeftFooter
CenterFooter
Name
Area Name
Worksheet
Cover Page Disclaimer Financial Model Structure Summary (Key Input & Results) Sensitivity Table Graphs Levelised Costs Decommissioning Waste ------------------------------Main Assumptions Assumptions / Coal -----------------------------Predevelopment Construction -----------------------------Plant Performance Power Revenue / PPA Power Revenue / Market -----------------------------Fuel Calc. (Spot & GSA) Other Volume Rel. Costs Non-Volume Rel. Costs Power/Fuel, Oper Margins -----------------------------Interest During Construction -----------------------------Indices ------------------------------
Prt_Cover Prt_Disclaimer Prt_FMStruc Prt_Smry Prt_SensitTable Prt_Chart Prt_LevelisedCosts Prt_Decom Prt_Waste
Cover Disclaimer Structure Smry Sensit Graphs Levelised costs Decommissioning Waste
L L L L L L L L L
75 75 65 66 73 70 73 73 73
FALSE TRUE FALSE FALSE FALSE FALSE FALSE FALSE FALSE
FALSE TRUE FALSE FALSE FALSE FALSE FALSE FALSE FALSE
FALSE FALSE TRUE TRUE TRUE TRUE TRUE TRUE TRUE
FALSE FALSE FALSE TRUE TRUE TRUE TRUE TRUE TRUE
FALSE FALSE FALSE TRUE TRUE TRUE TRUE TRUE TRUE
Prt_InputMain Prt_Coal
Input_Main Input_Coal
L L
55 55
FALSE FALSE
FALSE FALSE
TRUE TRUE
TRUE TRUE
TRUE TRUE
Prt_Predev Prt_Construction
Pre_Constr Pre_Constr
L L
64 64
FALSE FALSE
FALSE FALSE
TRUE TRUE
TRUE TRUE
TRUE TRUE
Prt_PlantPerform Prt_PowerRevPPA Prt_PowerRevMerchant
Operation Operation Operation
L L L
64 64 64
FALSE FALSE FALSE
FALSE FALSE FALSE
TRUE TRUE TRUE
TRUE TRUE TRUE
TRUE TRUE TRUE
Prt_Fuel1 Prt_OtherVolRelCosts Prt_NonVolRelCost Prt_OperMargins
Operation Operation Operation Operation
L L L L
64 60 64 64
FALSE FALSE FALSE FALSE
FALSE FALSE FALSE FALSE
TRUE TRUE TRUE TRUE
TRUE TRUE TRUE TRUE
TRUE TRUE TRUE TRUE
Prt_IDC
Finance
L
64
FALSE
FALSE
TRUE
TRUE
TRUE
Prt_Indices
Index
L
64
FALSE
FALSE
TRUE
TRUE
TRUE
56976059.xls / JM / 04/28/2011
PrtDefn
55 (56)
10 RightFooter FALSE FALSE FALSE TRUE TRUE TRUE TRUE TRUE TRUE TRUE TRUE TRUE TRUE TRUE TRUE TRUE TRUE TRUE TRUE TRUE TRUE TRUE
56976059.xls / JM / 04/28/2011
PrtDefn
56 (56)
28 Apr 2011 12:36 PM
This model ('the Model') has been built to assess the economic cost of the selected technologies on a case by case basis. The purpose of this modelling is to provide estimates of the relative cost of electricity generation technologies under different scenarios and assumptions to inform policy analysis. The outputs do not represent a government view on the relative costs of the technologies. The modelling is based on levelised costs and is not intended to predict specific private sector investment decisions or to rank different generation technologies In regard to nuclear decommissioning and waste disposal details of the work programme and timetable to establish arrangements for dealing with the costs of decommissioning and waste from nuclear new build will be published by the time of the White Paper. The Government has not taken a position on how these arrangements should be designed. For the purposes of the Model assumptions have been made which in no way prejudice the outcome of work to determine the arrangements for dealing with the costs of decommissioning and waste from nuclear new build. The Model has been constructed for a specific purpose and is not intended for distribution to third parties. Third parties who obtain copies of the Model should be aware of the following: · the Model may not be suitable for purposes, other than the specific purpose for which it was designed, and the interests of third parties may not have been anticipated; · the Model was not intended for use by third parties and may not be designed so that it can be readily operated in a correct manner by such parties; · material events may have occurred since completion which are not reflected in the Model; · whilst the Model has been tested, this may not provide an appropriate degree of assurance for all possible uses of the Model Model prepared by:
Department of Trade and Industry
Structure
New Build Evaluation Model Structure
Input_Main Input_Main Main Input Sheet Main Input Sheet [General & Plant Specific] [General & Plant Specific]
- Input Data -
Coal Coal
Operation Operation
Index Index Graph data Graph data
Plant Performance Power Revenue Opex: Volume Related
- Calculation Section -
Pre-development & Pre-development & construction construction
Margins
Decommissioning Decommissioning
Finance Finance Interest During Construction Interest During Construction
Waste Waste Levelised Cost Levelised Cost
- Summary & Other -
Graphs Graphs Graphical Analysis Graphical Analysis
Sensitivity Sensitivity Sensitivity Tables Sensitivity Tables Reports Reports
Print Definition Print Definition
Cover Cover Disclaimer Disclaimer
Summary Summary Scenarios Scenarios Plant Assumptions Plant Assumptions - Levelised Costs - Levelised Costs
Summary
Print Control
Coal
Summary Drop PLANT Down VALUATION Menu Control CASE: Coal
Model checks: OK
PLANT DESIGN COMPONENTS Plant Design Kind Assumptions
PLANT DATA Pulverised Fuel (ASC) with FGD First of a kind Data
Construction Commences Operation Commences
Plant Total Capacity (MW) Net Efficiency (HHV) (Average during operation) Availability (Average) Construction Period (years) Plant Life (years) Capital Cost (£/kW) O&M Cost (£/kW) Decommissioning Fund (£m) PV Avge Annual Decomm. Contribution (£m) Over Operational Life Avge Annual Waste Contribution (£m) Over 40 Years
1-Jan-2011 1-Jan-2015
COST OF GENERATION
Levelised Cost (£/MWh)
500 43.4% 90.0% 4 50 918 17 0 0.0 0.0
FINANCE PARAMETERS
26.14
Predevelopment Finance - Equity Construction - Project Finance (equity remainder) Debt Margin Rate Discount Rate
100% 70% 2.0% 10%
MODEL CONTROL CHECK Pre-dev Calc Check Operation Calc Check Interest During Construction Check Decommissioning Check Waste Check
OK OK OK OK OK
0 0 0 0 0
Master Check
OK
0
56976059.xls
04/28/2011
3 / (56)
Summary
56976059.xls
04/28/2011
4 / (56)
Summary
Cost of Generation LC (£/MWh) Type
Design
FOAK
NOAK
Nuclear PWR 1 Coal Pulverised Fuel (ASC) with FGD Coal Pulverised Fuel (ASC) with FGD with CCS Coal IGCC Coal IGCC with CCS Gas CCGT Gas CCGT with CCS Wind Onshore Wind (80MW) Wind Offshore Wind (100MW) Retrofit Coal Pulverised Fuel (ASC) with Retrofit FGD with CCS
37.51 26.14 40.78 29.37 44.77 34.57 47.93 55.15 83.15 35.69
31.24 22.20 36.92 25.41 40.93 34.26 47.63 54.93 82.93 31.36
Levelised Cost Nuclear PWR 1 Coal Pulverised Fuel (ASC) with FGD Coal Pulverised Fuel (ASC) with FGD with CCS Coal IGCC Coal IGCC with CCS Gas CCGT Gas CCGT with CCS Wind Onshore Wind (80MW) Wind Offshore Wind (100MW) Retrofit Coal Pulverised Fuel (ASC) with Retrofit FGD with CCS
37.51 26.14 40.78 29.37 44.77 34.57 47.93 55.15 83.15 35.69
31.24 22.20 36.92 25.41 40.93 34.26 47.63 54.93 82.93 31.36
Current electricity price (£/MWh)
56976059.xls
50.0
04/28/2011
5 / (56)
Strictly Private Confidential Model Check: OK
Coal All Values in £m Unless Otherwise Indicated / Yearly Basis Annual Period Starting Annual Period Ending Operating Year No Operation Year Flag Operational Flag Proportion in Year Operation
LEVELISED COSTS
Power Production Power Output, Net (TWh)
Total 197
Operating Costs Total Fuel Costs Fixed O&M Cost Variable O&M Costs Emissions Costs Additional Insurance Costs Additional Security Costs Waste Fund Decommissioning Fund
1,564 425 217 0 0 0 0 0
Capital Costs Predevelopment Costs Construction Costs
0 2,633
Total
Levelised Cost Fuel Fuel Delivery Fixed O&M Variable O&M Emissions Costs
Additional Insurance Costs Additional Security Costs Waste Fund Decommissioning Predevelopment Costs Construction Costs Storage (pertaining to Carbon Sequestration)
56976059.xls / 04/28/2011
£/MWh 7.9 1.6 2.2 1.1 0.0 0.0 0.0 0.0 0.0 0.0 13.3 0.0
Levelised costs
6 / (56)
Strictly Private Confidential Model Check: OK
Coal All Values in £m Unless Otherwise Indicated / Yearly Basis Annual Period Starting Annual Period Ending Operating Year No Operation Year Flag Operational Flag Proportion in Year Operation
Total (£/MWh)
56976059.xls / 04/28/2011
26.14
Levelised costs
7 / (56)
Strictly Private Confidential
Pulverised Fuel Coal
Design
Kind
Assumptions
Graph Scenario (Non vs. Escalated)
Pulverised Fuel (ASC) with FGD
First of a kind
Data
Non-escalated
Graphs
Levelised cost of generating electricity
Power output / fuel consumption
90.00
4,500
80.00
4,000 3,500
60.00
3,000
50.00
2,500
GWh
70.00
40.00
2,000 1,500
30.00
1,000
20.00
500
10.00
0
0.00
Column AA
2008 2012 2016 2020 2024 2028 2032 2036 2040 2044 2048 2052 2056 2060 2064 2068 2072 2076 208 2006 2010 2014 2018 2022 2026 2030 2034 2038 2042 2046 2050 2054 2058 2062 2066 2070 2074 2078
CCGT with CCS Offshore Wind (100MW)
Gross Energy Generated (before auxiliary deductions)
Column AD
Power/fuel margin and operating margin
Decommissioning and waste funding
80.0% 70.0% 60.0% 50.0%
%
£m
40.0% 30.0% 20.0% 10.0%
1
1
1
0.9
1
0.8
1
0.7
1
0.6
0
0.5
0
0.4
0
0.3
0
0.2
0
0.1
0
0.0% 2008 2012 2016 2020 2024 2028 2032 2036 2040 2044 2048 2052 2056 2060 2064 2068 2072 2076 2080 2006 2010 2014 2018 2022 2026 2030 2034 2038 2042 2046 2050 2054 2058 2062 2066 2070 2074 2078 Power / Fuel Margin (%) - NonEscalated
56976059.xls / 04/28/2011
Fuel Consumption (GWht), Net
Operating Margin (%) - NonEscalated
Graphs
0
2009 2015 2021 2027 2033 2039 2045 2051 2057 2063 2069 2075 2081 2087 2006 2012 2018 2024 2030 2036 2042 2048 2054 2060 2066 2072 2078 2084 2090 Decommissioning Fund
Decommissioning Contributions
Waste Contributions
8 / (56)
£m
Pulverised Fuel (ASC) with FGD with CCS PWR 1 IGCC with CCS
Strictly Private Confidential
064 2068 2072 2076 2080 2066 2070 2074 2078
1 0.9 0.8 0.7 0.6
0.4
£m
0.5
0.3 0.2 0.1 0
2087 84 2090
56976059.xls / 04/28/2011
Graphs
9 / (56)
Strictly Private Confidential
Pulverised Fuel Coal
Design
Kind
Assumptions
Graph Scenario (Non vs. Escalated)
Pulverised Fuel (ASC) with FGD
First of a kind
Data
Non-escalated
Graphs
56976059.xls / 04/28/2011
Graphs
10 / (56)
Strictly Private Confidential
56976059.xls / 04/28/2011
Graphs
11 / (56)
Strictly Private Confidential Model Check: OK
Pulverised Fuel Coal PLANT SENSITIVITIES AND COST OF GENERATING
Sensitivity
Comment
56976059.xls / 04/28/2011
SensitivityValue
Base
BASE CASE Predevelopment - Low Predevelopment - High Reduction Predevelopment Period Increased Predevelopment Period Construction Period - Low Construction Period - High Operation Period - Low Operation Period - High Capital Cost - Low Capital Cost - High Capital Cost - Very high Availability - first 5 years - Low Availability - first 5 years - High Availability - thereafter - Low Availability - thereafter - High Fixed O&M Cost - Low Fixed O&M Cost - High Fuel Cost - Low Fuel Cost - High CO2 Cost - Low CO2 Cost - Medium CO2 Cost - High Discount Rate - Low Discount Rate - High Decom fund - Low Decom fund - High Waste fund - Low Waste fund - High Finance - Low margin Finance - High margin Finance - Low leverage Finance - High leverage
SensitivityType
£0m £0m 12 month reduction 12 month increase 3 years 5 years 25 years 60 years £800/kW £1800/kW £2000/kW 60% 90% 80% 90% £15/kW £120/kW 21 53 £10/CO2e £17/CO2e £25/CO2e 7% 12% £0/kW £0/kW £0/kW £0/kW Project debt margin 1.5% Project debt margin 3% Leverage: 50% Leverage: 80%
PredevelopmentCost PredevelopmentCost PredevelopmentPeriod1 PredevelopmentPeriod2 ConstructionPeriod1 ConstructionPeriod2 OperationPeriod OperationPeriod CapitalCost CapitalCost CapitalCost AvailabilityFirst AvailabilityFirst AvailabilityOngoing AvailabilityOngoing O&MCost O&MCost FuelCost FuelCost CarbonCost CarbonCost CarbonCost DiscountRate DiscountRate DecomCost DecomCost WasteCost WasteCost FinanceCoD FinanceCoD FinanceLeverage FinanceLeverage
Sensitivity
0 0 48 48 36 60 25 60 800 1,800 2,000 60% 90% 80% 90% 15 120 21 53 10 17 25 7.0% 12.0% 0 0 0 0 1.5% 3.0% 50.0% 80.0%
LC (£/MWh) FOAK NOAK 26.14
21.97
26.14 26.14 26.14 26.14 25.74 26.79 27.40 26.07 24.43 38.97 41.88 26.35 26.14 28.00 26.14 25.89 39.20 24.86 34.98 33.42 38.51 44.34 22.39 28.73 26.14 26.14 26.14 26.14 26.00 26.47 25.68 26.37
21.97 21.97 21.97 21.97 21.65 22.47 22.95 21.91 23.16 37.70 40.61 22.12 21.97 23.32 21.97 22.98 36.29 20.68 30.81 29.25 34.34 40.16 19.03 23.99 21.97 21.97 21.97 21.97 21.86 22.22 21.61 22.15
12 / (56)
Strictly Private Confidential Model Check: OK
Pulverised Fuel Coal PLANT SENSITIVITIES AND COST OF GENERATING
Sensitivity
Comment
56976059.xls / 04/28/2011
SensitivityValue
Base
BASE CASE Predevelopment - Low Predevelopment - High Reduction Predevelopment Period Increased Predevelopment Period Construction Period - Low Construction Period - High Operation Period - Low Operation Period - High Capital Cost - Low Capital Cost - High Capital Cost - Very high Availability - first 5 years - Low Availability - first 5 years - High Availability - thereafter - Low Availability - thereafter - High Fixed O&M Cost - Low Fixed O&M Cost - High Fuel Cost - Low Fuel Cost - High CO2 Cost - Low CO2 Cost - Medium CO2 Cost - High Discount Rate - Low Discount Rate - High Decom fund - Low Decom fund - High Waste fund - Low Waste fund - High Finance - Low margin Finance - High margin Finance - Low leverage Finance - High leverage
SensitivityType
£0m £0m 12 month reduction 12 month increase 3 years 5 years 25 years 60 years £800/kW £1800/kW £2000/kW 60% 90% 80% 90% £15/kW £120/kW 21 53 £10/CO2e £17/CO2e £25/CO2e 7% 12% £0/kW £0/kW £0/kW £0/kW Project debt margin 1.5% Project debt margin 3% Leverage: 50% Leverage: 80%
LC (£/MWh) FOAK 26.14
PredevelopmentCost PredevelopmentCost PredevelopmentPeriod1 PredevelopmentPeriod2 ConstructionPeriod1 ConstructionPeriod2 OperationPeriod OperationPeriod CapitalCost CapitalCost CapitalCost AvailabilityFirst AvailabilityFirst AvailabilityOngoing AvailabilityOngoing O&MCost O&MCost FuelCost FuelCost CarbonCost CarbonCost CarbonCost DiscountRate DiscountRate DecomCost DecomCost WasteCost WasteCost FinanceCoD FinanceCoD FinanceLeverage FinanceLeverage
Sensitivity
0 0 48 48 36 60 25 60 800 1,800 2,000 60% 90% 80% 90% 15 120 21 53 10 17 25 7.0% 12.0% 0 0 0 0 1.5% 3.0% 50.0% 80.0%
26.14 26.14 26.14 26.14 25.74 26.79 27.40 26.07 24.43 38.97 41.88 26.35 26.14 28.00 26.14 25.89 39.20 24.86 34.98 33.42 38.51 44.34 22.39 28.73 26.14 26.14 26.14 26.14 26.00 26.47 25.68 26.37
13 / (56)
Input_Main
Coal
Model Check: OK
Project Assumptions - Main Input Sheet / Coal General Information Project Base Data (I) Project Developer Project Name Financial Model Version Financial Model Type Market Price Forecasts Based on (source) Calculation Model
DTI Pulverised Fuel Coal Version 2006 New Build Evaluation Model DTI projections April 2006 Manual
Power Plant / Name Plant 2 Selected:
Price Unit £ £
2 Coal
Fuel Units tonne tonne
Aux Power 1.8% 1.8%
Reactor Design Pulverised Fuel (ASC) with FGD Kind First of a kind Assumptions Data Project Base Data (II) Base Monetary Unit (I) Base Monetary Unit (II) FX (£/USD) FX (£/Euro) FX (£/CAN$) Inflation Corporate Tax Rate Proportion of current year tax charge paid in current year Modelling Dates Financial Model Base Date Latest Model Update
Months Per Year
£ p 0.5719 0.6921 0.4914 2.75% 30.0% 50.0% (Remainder paid in following year) Unit (Date) (Date) (Months)
Conversion Factors Summary Sheet Unit
Incentives / Exemptions Renewables Obligation Climate Change Levy Recycling Benefit
On or Off On or Off On or Off
Off Off Off
Refer row 270 Refer row 282 Refer row 294
1-Jan-2006 17-Mar-2006 12
1,000
Timing Key Dates / Time Periods Financial close Financial close (to closest year) Prelicensing Period Site Specific Licensing Period Public Enquiry Period Pre-development Period - Subtotal Pre-development Period (NOAK Adjustment) Total Pre-development Period (including NOAK)
56976059.xls
Unit 1-Jan-2007 1-Jan-2007 (months) (months) (months) (months) (months) (months)
0 24 24 48 0 48
(years) (years) (years) (years) (years) (years)
0 2 2 4 0 4.0
(days) (days) (days)
04/28/2011
0 730 730
14 / (56)
Input_Main
Coal
Model Check: OK
Project Assumptions - Main Input Sheet / Coal Construction Start Date Construction Start Date (to closest year) Construction Period Commercial Operation Start Date Commercial Operation Start Date (to closest year) Plant Operating Period Commericial Operation End Date Commericial Operation End Date (to closest year) Decommissioning Cooldown Decommissioning Start Date Decommissioning Start Date (to closest year) Decommissioning Period Decommissioning End Date Decommissioning End Date (to closest year) Project End Period Project End Date Project End Date (to closest year)
1-Jan-2011 1-Jan-2011 (months)
48
(years)
56976059.xls
(years)
1
Project Finance period after Construction Project Finance End Date
2 (years) 1-Jan-2017
50
0
(years) 1-Jan-2065 1-Jan-2065 (months)
12
Waste Disposal Start Date Waste Disposal Cashflows (years) Waste Disposal End Date
1-Jan-2066 1-Jan-2066
1-Jan-2065 1 1-Jan-2066
0 1-Jan-2066 1-Jan-2066
Waste Disposal Frequency (years)
10
8,760
1-Jan-2005
0 1-Jan-2006
0 1-Jan-2007
0 1-Jan-2008
0 1-Jan-2009
0 1-Jan-2010
1 1-Jan-2011
2 1-Jan-2012
3 1-Jan-2013
4 1-Jan-2014
5 1-Jan-2015
6 1-Jan-2016
0 1-Jan-2017
0 1-Jan-2018
31-Dec-2005
31-Dec-2006
31-Dec-2007 2
31-Dec-2008 3
31-Dec-2009 4
31-Dec-2010 5
31-Dec-2011 6
31-Dec-2012 7
31-Dec-2013 8
31-Dec-2014 9
31-Dec-2015 10
31-Dec-2016 11
31-Dec-2017 12
31-Dec-2018 13
1 364
Calculation Flags Proportion of Period in Pre-development Pre-development Year Flag Pre-development Days in Period Pre-development Phase Flag Proportion of Period in Construction Construction Period Year Flag Construction Days in Period Construction Phase Flag Construction Start Flag Project Finance Period Year Flag Project Finance Phase Flag Proportion of Period in Operation Operation Year Flag Operation Days in Period Operational Phase Flag Start of Operational Phase Flag End of Operational Phase Flag Construction / Operation Phase Flag Proportion of Period in Waste Storage Waste Disposal Spend Flag Waste Disposal Phase Flag Proportion of Period in Decommissioning Decommissioning Days in Period Decommissioning Phase Flag Decommissioning Year Flag Pre-development Distribution Pre-development Distribution Check Capex Distribution Capex Distribution Check
4.0
1-Jan-2065 1-Jan-2065
Hours in a year
Time Flag (Annual) Annual Period Starting Annual Period Ending Year Flag Days in Period Project Life Flag (Start to End) Proportion of Period in Operation
(years)
1-Jan-2015 1-Jan-2015
0%
100.0% ok
100.0% ok
365
366
365
365
365
366
365
365
365
366
365
365
0 0%
1 100%
1 100%
1 100%
1 100%
1 100%
1 100%
1 100%
1 100%
1 100%
1 100%
1 100%
1 100%
0% 0 0 0% 0 0 0 0 0% 0 0 0 0 0 0% 0 0 0% 0 0 0
100% 1 364 1 0% 0 0 0 0 0% 0 0 0 0 0 0% 0 0 0% 0 0 0
100% 2 366 1 0% 0 0 0 0 0% 0 0 0 0 0 0% 0 0 0% 0 0 0
100% 3 365 1 0% 0 0 0 0 0% 0 0 0 0 0 0% 0 0 0% 0 0 0
100% 4 365 1 0% 0 0 0 0 0% 0 0 0 0 0 0% 0 0 0% 0 0 0
0% 1 0 100% 1 364 1 1 1 1 0% 0 0 0 0 1 0% 0 0 0% 0 0 0
0% 0 0 100% 2 366 1 0 2 1 0% 0 0 0 0 1 0% 0 0 0% 0 0 0
0% 0 0 100% 3 365 1 0 3 1 0% 0 0 0 0 1 0% 0 0 0% 0 0 0
0% 0 0 100% 4 365 1 0 4 1 0% 0 0 0 0 1 0% 0 0 0% 0 0 0
0% 0 0 0% 1 0 0 5 1 100% 1 364 1 1 0 1 0% 0 0 0% 0 0 0
0% 0 0 0% 0 0 0 6 1 100% 2 366 1 0 0 1 0% 0 0 0% 0 0 0
0% 0 0 0% 0 0 0 0 100% 3 365 1 0 0 1 0% 0 0 0% 0 0 0
0% 0 0 0% 0 0 0 0 100% 4 365 1 0 0 1 0% 0 0 0% 0 0 0
0% TRUE 0% TRUE
25% TRUE 0% TRUE
25% TRUE 0% TRUE
25% TRUE 0% TRUE
25% TRUE 0% TRUE
0% TRUE 15% TRUE
0% TRUE 24% TRUE
0% TRUE 42% TRUE
0% TRUE 19% TRUE
0% TRUE 0% TRUE
0% TRUE 0% TRUE
0% TRUE 0% TRUE
0% TRUE 0% TRUE
04/28/2011
15 / (56)
Input_Main
Coal
Model Check: OK
Project Assumptions - Main Input Sheet / Coal Energy / Plant Data Plant Data I Power Output (MW) Gross Efficiency (norm./actual)
Data 500 46%
Plant Data II Gross to Net efficiency factor (HHV/LHV) Output Degradation Heat Rate Degradation Run In Period (years) Availability (first X years) Availability (thereafter)
1.05 100% 100% 2 90% 90%
Pre-development Costs Pre-development Cost (£'000) Prelicensing - cost Technical including design selection Regulatory including licensing and EIA Regulatory - public enquiry - cost Total Pre-development Costs
Data 0 0 0 0 0
Tax ded'ble 0% 0% 50% 50%
Non-sensitised 0
Construction Costs Construction Cost Capital cost (£/kW) Capital Cost (£'000) Infrastructure Cost (£/kW) Waste Disposal Cost (£/kW) Land - acquisition cost
Data 918 459,000 0 0 0
Operation & Maintenance / Other Operation Costs Operation and Maintenance Cost O&M Fee (£/kW) Additional Insurance (£/kW) Additional Security (£/kW) Total O&M Fee (£/kW) Variable O&M (£/MWh) Decomissioning Fund Start Date, Year Decommissioning Cost (£/kW) Decommissioning Fund (£'000) PV Decommissioning Cashflows (£'000) Per Annum Fund growth rate (post-tax, real) Fund growth rate (post-tax, nominal)
Data 17.0 0.0 0.0 17.0 1.1
£000 £000 pa
2015 0 15 % Check: 0 0 Assumes over 1 years 2.2% 5.0%
56976059.xls
Deduction Flag Remove storage
No
Yes or No
Transmission Flag (feeds into levelised cost sheet) £9/MWh based on £8/MWh in 2001 Yes orprices No
0.0
0.0
2015 0 0 0 Assumes over 1 years 2.2% 5.0%
Waste Funding Scenario 1 Over Operational Life 2 Starts after five years 3 Over 40 Years 4 Variable payment over years Selected Option 3 Over 40 Years
Over Operational Life
Working Capital Circulation Time of s Receivable (Days) Circulation Time of s & Bills Payable (Days)
0.0
Waste Fund Start Date, Year Waste Cost (£/kW) Waste Fund (£'000) PV Waste Cashflows (£'000) Per Annum Fund growth rate (post-tax, real) Fund growth rate (post-tax, nominal)
£m 69
Decommissioning Funding Scenario 1 Over Operational Life 2 Over Half Life 3 Over 40 Years 4 Variable payment over years Selected Option 1 Over Operational Life
Storage Flag (feeds into levelised cost sheet) £6/MWh based on £8/t CO2 Yes or No
Over 40 Years
31-Dec-2006
31-Dec-2007
31-Dec-2008
31-Dec-2009
31-Dec-2010
31-Dec-2011
31-Dec-2012
31-Dec-2013
31-Dec-2014
31-Dec-2015
31-Dec-2016
31-Dec-2017
31-Dec-2018
30 30
30 30
30 30
30 30
30 30
30 30
30 30
30 30
30 30
30 30
30 30
30 30
30 30
04/28/2011
16 / (56)
Input_Main
Coal
Model Check: OK
Project Assumptions - Main Input Sheet / Coal Fuel Cost Assumptions ( Spot / Contract) Fuel Conversion factor
Unit conversion 1.00 £ per £
7,277,777.78 MWht per Mtonne
Fuel Delivery Flag £0.7/MWh based on UEP model Yes or No
Yes
Fuel Supply Scenarios - Selected Option
31-Dec-2006
31-Dec-2007
31-Dec-2008
31-Dec-2009
31-Dec-2010
31-Dec-2011
31-Dec-2012
31-Dec-2013
31-Dec-2014
31-Dec-2015
31-Dec-2016
31-Dec-2017
31-Dec-2018
33.0
31.5
30.1
28.6
27.2
26.9
26.7
26.5
26.3
26.1
25.9
25.6
25.4
Fuel Cost - Coal Central Case - DTI July 2006 Contract Contract Period / Years Minimum Take-or-Pay Contract Amount (million tonnes / therms) Max Contract Amount (million tonnes /therms) Contract Price (£/tonne or p/therm)
Data 0.0 0.0 0.0 0.0
Power Price Assumptions (Merchant / PPA) Plant Contractual Status / Capacity Plant Total Capacity Power Purchase Agreement (PPA) Merchant Concept Total Capacity, MW
MW 500 0.0 500 500
Contract Lifetime Power Purchase Agreement (PPA) Period / Years
% 0.0% 100.0% 100.0%
0
Power Purchase Agreement (PPA) Power Price Scenarios (£/MWh) PPA Price
31-Dec-2006 0.0
31-Dec-2007 0.0
31-Dec-2008 0.0
31-Dec-2009 0.0
31-Dec-2010 0.0
31-Dec-2011 0.0
31-Dec-2012 0.0
31-Dec-2013 0.0
31-Dec-2014 0.0
31-Dec-2015 0.0
31-Dec-2016 0.0
31-Dec-2017 0.0
31-Dec-2018 0.0
31-Dec-2006 20.92 26.15 55.00
31-Dec-2007 20.92 26.15 55.00
31-Dec-2008 20.92 26.15 55.00
31-Dec-2009 20.92 26.15 55.00
31-Dec-2010 20.92 26.15 55.00
31-Dec-2011 20.92 26.15 55.00
31-Dec-2012 20.92 26.15 55.00
31-Dec-2013 20.92 26.15 55.00
31-Dec-2014 20.92 26.15 55.00
31-Dec-2015 20.92 26.15 55.00
31-Dec-2016 20.92 26.15 55.00
31-Dec-2017 20.92 26.15 55.00
31-Dec-2018 20.92 26.15 55.00
26.15
26.15
26.15
26.15
26.15
26.15
26.15
26.15
26.15
26.15
26.15
26.15
26.15
31-Dec-2006 78%
31-Dec-2007 78%
31-Dec-2008 78%
31-Dec-2009 78%
31-Dec-2010 78%
31-Dec-2011 78%
31-Dec-2012 78%
31-Dec-2013 78%
31-Dec-2014 78%
31-Dec-2015 78%
31-Dec-2016 78%
31-Dec-2017 78%
31-Dec-2018 78%
31-Dec-2006 1
31-Dec-2007 1
31-Dec-2008 1
31-Dec-2009 1
31-Dec-2010 1
31-Dec-2011 1
31-Dec-2012 1
31-Dec-2013 1
31-Dec-2014 1
31-Dec-2015 1
31-Dec-2016 1
31-Dec-2017 1
31-Dec-2018 1
31-Dec-2006 10.00 17.00 25.00 6.92
31-Dec-2007 10.00 17.00 25.00 6.92
31-Dec-2008 10.00 17.00 25.00 6.92
31-Dec-2009 10.00 17.00 25.00 6.92
31-Dec-2010 10.00 17.00 25.00 6.92
31-Dec-2011 10.00 17.00 25.00 6.92
31-Dec-2012 10.00 17.00 25.00 6.92
31-Dec-2013 10.00 17.00 25.00 0.00
31-Dec-2014 10.00 17.00 25.00 0.00
31-Dec-2015 10.00 17.00 25.00 0.00
31-Dec-2016 10.00 17.00 25.00 0.00
31-Dec-2017 10.00 17.00 25.00 0.00
31-Dec-2018 10.00 17.00 25.00 0.00
6.92
6.92
6.92
6.92
6.92
6.92
6.92
0.00
0.00
0.00
0.00
0.00
0.00
Market Price Scenarios
1 2 3 4 5
Power Price Scenarios (£/MWh) Low Central High XXX XXX
Selected Option 2 Central
Central
Emission Cost Assumptions Annual Permit Allowance Annual Permit Allowance
1 2 3 4
Emissions Emissions - Operation (base plant) Emissions - Operation (base plant with CCS)
tCO2e/MWh tCO2e/MWh
EU ETS Trading Flag
0 or 1
Carbon Cost Scenarios (£/tCO2e) Low Central High Assume no carbon price post 2012
Selected Option 4 Assume no carbon price post 2012
Assume no carbon price post 2012
56976059.xls
Data 0.728 0.728
04/28/2011
17 / (56)
Input_Main
Coal
Model Check: OK
Project Assumptions - Main Input Sheet / Coal Renewables Obligation, CCL and Recycling Benefit Assumptions Renewables Obligation Flag
1 2 3
0 or 1
Renewable Obligation Certificate Scenarios (£/MWh) Low Central High
31-Dec-2006 0
31-Dec-2007 0
31-Dec-2008 0
31-Dec-2009 0
31-Dec-2010 0
31-Dec-2011 0
31-Dec-2012 0
31-Dec-2013 0
31-Dec-2014 0
31-Dec-2015 0
31-Dec-2016 0
31-Dec-2017 0
31-Dec-2018 0
31-Dec-2006 45.00
31-Dec-2007 45.00
31-Dec-2008 45.00
31-Dec-2009 45.00
31-Dec-2010 45.00
31-Dec-2011 45.00
31-Dec-2012 45.00
31-Dec-2013 45.00
31-Dec-2014 45.00
31-Dec-2015 45.00
31-Dec-2016 45.00
31-Dec-2017 45.00
31-Dec-2018 45.00
45.00
45.00
45.00
45.00
45.00
45.00
45.00
45.00
45.00
45.00
45.00
45.00
45.00
31-Dec-2006 0
31-Dec-2007 0
31-Dec-2008 0
31-Dec-2009 0
31-Dec-2010 0
31-Dec-2011 0
31-Dec-2012 0
31-Dec-2013 0
31-Dec-2014 0
31-Dec-2015 0
31-Dec-2016 0
31-Dec-2017 0
31-Dec-2018 0
31-Dec-2006 3.44
31-Dec-2007 3.44
31-Dec-2008 3.44
31-Dec-2009 3.44
31-Dec-2010 3.44
31-Dec-2011 3.44
31-Dec-2012 3.44
31-Dec-2013 3.44
31-Dec-2014 3.44
31-Dec-2015 3.44
31-Dec-2016 3.44
31-Dec-2017 3.44
31-Dec-2018 3.44
3.44
3.44
3.44
3.44
3.44
3.44
3.44
3.44
3.44
3.44
3.44
3.44
3.44
31-Dec-2006 0
31-Dec-2007 0
31-Dec-2008 0
31-Dec-2009 0
31-Dec-2010 0
31-Dec-2011 0
31-Dec-2012 0
31-Dec-2013 0
31-Dec-2014 0
31-Dec-2015 0
31-Dec-2016 0
31-Dec-2017 0
31-Dec-2018 0
31-Dec-2006 4.00 6.00 8.00
31-Dec-2007 4.00 6.00 8.00
31-Dec-2008 4.00 6.00 8.00
31-Dec-2009 4.00 6.00 8.00
31-Dec-2010 4.00 6.00 8.00
31-Dec-2011 4.00 6.00 8.00
31-Dec-2012 4.00 6.00 8.00
31-Dec-2013 4.00 6.00 8.00
31-Dec-2014 4.00 6.00 8.00
31-Dec-2015 4.00 6.00 8.00
31-Dec-2016 4.00 6.00 8.00
31-Dec-2017 4.00 6.00 8.00
31-Dec-2018 4.00 6.00 8.00
4.00
4.00
4.00
4.00
4.00
4.00
4.00
4.00
4.00
4.00
4.00
4.00
4.00
Selected Option 1 Low
Low
Climate Change Levy Flag
1 2 3
0 or 1
Climate Change Levy Scenarios (£/MWh) Low Central High
Selected Option 1 Low
Low
Recycling Benefit Flag
1 2 3
0 or 1
Recycling Benefit Scenarios (£/MWh) Low Central High
Selected Option 1 Low
Low
ing & Finance Book Depreciation Plant & Machinery Buildings
Yrs
Capital Allowances Industrial Buildings Allowances (SL Basis) Write Down Allowances (Reducing Balance) Dividends Dividends Payable Even If No P&L Reserves n/a
Method 50 Straight line 50 Straight line % 85% 15%
4% 6%
2
No
Financing Pre-Development Debt Equity Total Capital
%
Project Finance Debt Equity Total Capital
%
Construction Financing Financing Date, Year Maturity, Yrs Risk Free Interest Rate / LIBOR Debt Margin Rate Arranging Fees (% of debt) Tolerance on Arrangement Fee Convergence check
56976059.xls
0% 100%
100.0%
70.00% 30.00%
100.0%
2011 6 4.26% 2.00% 1.80% 0.01
04/28/2011
18 / (56)
Input_Main
Coal
Model Check: OK
Project Assumptions - Main Input Sheet / Coal 2006 Year Flag
1 2
Senior Debt / Structured Repayment Profile Structured Repayment Straight Line Repayment
1
Loan Type Structured Repayment
Flag
100.0% 100.0%
Structured Repayment
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
0.0% 0.0%
0.0% 0.0%
0.0% 0.0%
0.0% 0.0%
0.0% 0.0%
1 1 0.0% 16.7%
2 1 0.0% 16.7%
3 1 0.0% 16.7%
4 1 0.0% 16.7%
5 1 0.0% 16.7%
6 1 0.0% 16.7%
100.0% 0.0%
0.0% 0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
100.0%
0.0%
Senior Debt Profile Amortised 90%
Bullet 10%
100.0%
Junior Debt Profile Amortised 0%
Bullet 100%
100.0%
Re-Financing Project Debt Structure Senior Debt Junior Debt Equity Total Capital Refinancing Refinancing Takes Place, Date Senior Debt Senior Debt Maturity, Yrs Senior Debt Margin Rate Arranging Fees (% of debt) Junior Debt Junior Debt Maturity Period After Senior Debt (years) Junior Debt Maturity, Yrs Junior Debt Margin Rate Arranging Fees (% of debt)
56976059.xls
% 70% 0% 30%
100.0%
Yes 1 2017 20 2.00% 100.00% 2 22 1.50% 2.50%
Check
Check
04/28/2011
19 / (56)
Input_Main
Coal
Model Check: OK
Project Assumptions - Main Input Sheet / Coal 2006 Senior Debt Repayment Profile Senior Debt Repayment Junior Debt Repayment Profile Junior Debt Repayment
Phase Flag
2007 -
Year Flag
0
0
0
2010 -
0
2011 -
0
2012 -
0
2013 -
0
2014 -
0
2015 -
0
2016 1
0
2017 2
0
2018 3
1
4 1
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
4.5%
4.5%
100.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
1.40x 1.00x 100.00x
Short-Term Funding Facility Max Short-Term Funding Facility Balance (m£) Short-Term Facility Interest Rate Opening Balance - Short Term Funding
3 2.00% 10
Interest on Cash Interest on Cash
2.00%
Indexation Years Indexation Start Year, I
2009 -
100.0%
Target Cover Ratios Target DSCR Target LLCR Max (LLCR)
Rates / Valuation Levelised Discount Rate ( LC_WACC)
2008 -
10
10.00% Year 2006
General Information Graph Scenario (Non vs. Escalated) Real (Non-Escalated) Nominal (Escalated)
56976059.xls
1
1=Non-Escl, 2=Escl.
04/28/2011
20 / (56)
Input_Coal
New Build Evaluation Model
Model Check: OK
Project Assumptions / Coal Design and Build Type Design
1 Pulverised Fuel (ASC) with FGD 2 Pulverised Fuel (ASC) with FGD with CCS 3 IGCC 4 IGCC with CCS Selected Option 1
Pulverised Fuel (ASC) with(ASC) FGD Pulverised Fuel
Storage Flag £6/MWh based on £8/t CO2 £8/tCO2 equates to
with FGD
Yes or No
0.0
(£/MWh)
6
Kind 1 First of a kind 2 Nth of a kind Selected Option 1
First of a kind First of a
kind
Assumptions 1 Data 2 Redpoint 3 Spare2 Selected Option 1
Deduction Flag Remove storage
Data Data
Yes or No
No
Timing Key Dates / Time Periods Financial close Prelicensing Period Site Specific Licensing Period Public Enquiry Period Pre-development Period - Subtotal Pre-development Period (NAOK Adjustment) Total Pre-development Period (including NAOK) Construction Start Date Construction Period Commercial Operation Start Date Plant Operating Period Commericial Operation End Date Decommissioning Cooldown Decommissioning Start Date Decommissioning Period Decommissioning End Date
Pre-development Distribution Capex Distribution
Unit (months) (months) (months) (months) (months) (months) (months) (years) (years) (months)
100.0% 100.0%
Data 1-Jan-2007
Unit
24 24 48 48 1-Jan-2011 48 1-Jan-2015 50 1-Jan-2065 1-Jan-2065 12 1-Jan-2066
(years) (years) (years) (years) (years) (years)
0 2 2 4 0 4
(years)
4.0
(years)
1
31-Dec-2006 0% 0%
31-Dec-2007 25% 0%
31-Dec-2008 25% 0%
(days) (days) (days)
0 730 730
(months) (months) (months) (months) (months) (months) (months) (years) (years) (months)
31-Dec-2009 25% 0%
31-Dec-2010 25% 0%
31-Dec-2011 0% 15%
Data 1-Jan-2007
Unit
0 24 24 48 48 1-Jan-2011 48 1-Jan-2015 50 1-Jan-2065 0 1-Jan-2065 12 1-Jan-2066
(years) (years) (years) (years) (years) (years)
0 2 2 4 0 4
(years)
4
31-Dec-2012 0% 24%
31-Dec-2013 0% 42%
(days) (days) (days)
0 730 730
(months) (months) (months) (months) (months) (months) (months) (years) (years)
(years)
1
31-Dec-2014 0% 19%
(months)
31-Dec-2015 0% 0%
31-Dec-2016 0% 0%
31-Dec-2017 0% 0%
Energy / Plant Data Plant Data I Power Output (MW) Gross Efficiency (norm./actual) Plant Data II Gross to Net efficiency factor (LHV/HHV) Output Degradation Heat Rate Degradation
Data
Data 500 46%
Redpoint 500 46%
56976059.xls
0%
1.05 100.0% 100.0% Data
Run In Period (years) Availability (first X years) Availability thereafter
Spare2 500 44%
2 90% 90%
Redpoint 2 90% 90%
Spare2 2 90% 90%
0% 0%
04/28/2011
21 / (56)
Input_Coal
Redpoint 1-Jan-2007
Unit
0 24 24 48 48 1-Jan-2011 48 1-Jan-2015 50 1-Jan-2065 0 1-Jan-2065 12 1-Jan-2066
(years) (years) (years) (years) (years) (years)
0 2 2 4 0 4
(years)
4
(years)
1
31-Dec-2018 0% 0%
31-Dec-2019 0% 0%
31-Dec-2020 0% 0%
56976059.xls
(days) (days) (days)
0 730 730
(months) (months) (months) (months) (months) (months) (months) (years) (years) (months)
31-Dec-2021 0% 0%
31-Dec-2022 0% 0%
31-Dec-2023 0% 0%
Spare2 1-Jan-2007 0 24 24 48 48 1-Jan-2011 48 1-Jan-2015 1-Jan-2015 0 1-Jan-2015 12 1-Jan-2016
(years) (years) (years) (years) (years) (years)
0 2 2 4 0 4
(years)
4
(years)
1
31-Dec-2024 0% 0%
31-Dec-2025 0% 0%
31-Dec-2026 0% 0%
04/28/2011
(days) (days) (days)
0 730 730
31-Dec-2027 0% 0%
31-Dec-2028 0% 0%
31-Dec-2029 0% 0%
31-Dec-2030 0% 0%
31-Dec-2031 0% 0%
31-Dec-2032 0% 0%
31-Dec-2033 0% 0%
31-Dec-2034 0% 0%
22 / (56)
Input_Coal
Pre-development Costs Pre-development Cost (£'000) Prelicensing Technical including design selection Regulatory including licensing and EIA Regulatory - public enquiry - cost per day Regulatory - public enquiry - cost Total Pre-development Costs
Data
Data
Redpoint
-
Spare2
0 0 0 0 0 0
0
Data
0 0 0 0 0 0
0 0 0 0 0 0
Data
Redpoint
Spare2
0% 0% 50% 50%
0% 0% 50% 50%
0% 0% 50% 50%
0% 0% 50% 50%
30 30
30 30
30 30
30 30
Construction Costs Construction Cost Capital cost (£/kW) Waste Disposal Cost (£/kW) Infrastructure Cost (£/kW) Capital Cost (£'000)
Data
Data
918 459,000
Land - acquisition cost (£'000)
Redpoint
918 0 459,000
-
Spare2
882 0 441,000
-
0 0
-
-
Operation & Maintenance / Other Operation Costs Operation and Maintenance Cost O&M Fee (£/kW) Additional Insurance (£/kW) Additional Security (£/kW) Total O&M Fee (£/kW) Variable O&M (£/MWh) Waste Fund (£'000) Decommissioning Fund (£'000)
Data
Working Capital Circulation Time of s Receivable (Days) Circulation Time of s & Bills Payable (Days)
Data
Redpoint
Spare2
17 17 1.1 -
17 0.0 0.0 17 1 0 0
31 0.0 0.0 31 2 0 0
0.0 0.0 0 0 0
30 30
30 30
30 30
30 30
30 30
30 30
30 30
30 30
Fuel Cost Assumptions (Contract / Spot) Fuel Conversion factor
1 2 3 4 5 6 7 8 9
Coal Cost Scenarios Coal Central Case - DTI July 2006 Coal Low Case - DTI July 2006 Coal High Case - DTI July 2006 Coal - Markal price XXX XXX XXX XXX XXX
7,277,777.78 MWht per Mtonne £/tonne
Yes or No
Yes
31-Dec-2006 33.00 31.82 35.00 30.50
31-Dec-2007 31.54 28.66 35.58 30.50
31-Dec-2008 30.08 25.40 36.17 30.50
31-Dec-2009 28.62 22.24 36.75 30.50
31-Dec-2010 27.16 18.97 36.52 30.50
31-Dec-2011 26.94 18.56 36.52 30.50
31-Dec-2012 26.73 18.16 36.52 30.50
31-Dec-2013 26.51 17.65 36.52 30.50
31-Dec-2014 26.29 17.24 36.52 30.50
31-Dec-2015 26.08 16.83 36.52 30.50
31-Dec-2016 25.86 16.32 36.52 30.50
31-Dec-2017 25.65 15.91 36.52 30.50
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
28.62
27.16
26.94
26.73
26.51
26.29
26.08
25.86
25.65
31-Dec-2010 0.00
31-Dec-2011 0.00
31-Dec-2012 0.00
31-Dec-2013 0.00
31-Dec-2014 0.00
31-Dec-2015 0.00
31-Dec-2016 0.00
31-Dec-2017 0.00
Selected Option 1 Coal Central Case - DTI July 2006
33.00
Coal Central Case - DTI July 2006
Contract Contract Period (years) Minimum Take-or-Pay Contract Amount (million tonnes) Max Contract Amount (million tonnes) Contract Price (£/tonne)
Fuel Delivery Flag £0.7/MWh based on UEP model
1 £ per £
Data
31.54 Data
-
30.08 Redpoint
0 0.0 0.0 0.00
Spare2 0 0.0 0.0 0.00
0 0.0 0.0 0.00
Contract Assumptions (PPA) Contract Contract Period (years) Minimum Take-or-Pay Contract Amount (MWh) Max Contract Amount (MWh)
Data
Data -
Contract Price (£/MWh) Power Purchase Agreement (PPA)
31-Dec-2006 0.00
Redpoint
Spare2
0 0.0 0.0
0 0.0 0.0
0 0.0 0.0
31-Dec-2007 0.00
31-Dec-2008 0.00
31-Dec-2009 0.00
Redpoint 0.753 0.753
Spare2 #DIV/0! #DIV/0!
Emissions Emissions - Operation CO2 - base plant CO2 - base plant with CCS
56976059.xls
Data
tCO2e/MWh tCO2e/MWh
Data 0.728 0.728
0.728 0.728
04/28/2011
23 / (56)
Input_Coal
30 30
30 30
30 30
30 30
30 30
30 30
30 30
30 30
30 30
30 30
30 30
30 30
30 30
30 30
30 30
30 30
30 30
31-Dec-2018 25.43 15.50 36.52 30.50
31-Dec-2019 25.22 14.99 36.52 30.50
31-Dec-2020 25.00 14.59 36.52 30.50
31-Dec-2021 25.00 14.59 36.52 30.50
31-Dec-2022 25.00 14.59 36.52 30.50
31-Dec-2023 25.00 14.59 36.52 30.50
31-Dec-2024 25.00 14.59 36.52 30.50
31-Dec-2025 25.00 14.59 36.52 30.50
31-Dec-2026 25.00 14.59 36.52 30.50
31-Dec-2027 25.00 14.59 36.52 30.50
31-Dec-2028 25.00 14.59 36.52 30.50
31-Dec-2029 25.00 14.59 36.52 30.50
31-Dec-2030 25.00 14.59 36.52 30.50
31-Dec-2031 25.00 14.59 36.52 30.50
31-Dec-2032 25.00 14.59 36.52 30.50
31-Dec-2033 25.00 14.59 36.52 30.50
31-Dec-2034 25.00 14.59 36.52 30.50
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
25.43
25.22
25.00
25.00
25.00
25.00
25.00
25.00
25.00
25.00
25.00
25.00
25.00
25.00
25.00
25.00
25.00
31-Dec-2018 0.00
31-Dec-2019 0.00
31-Dec-2020 0.00
31-Dec-2021 0.00
31-Dec-2022 0.00
31-Dec-2023 0.00
31-Dec-2024 0.00
31-Dec-2025 0.00
31-Dec-2026 0.00
31-Dec-2027 0.00
31-Dec-2028 0.00
31-Dec-2029 0.00
31-Dec-2030 0.00
31-Dec-2031 0.00
31-Dec-2032 0.00
31-Dec-2033 0.00
31-Dec-2034 0.00
56976059.xls
04/28/2011
24 / (56)
Input_Coal
Waste Fund Costs Waste Cost ('000) Capital cost (£/kW) Total Decommissioning Costs
Data
Data -
Redpoint 0.0 0
0
Spare2 0.0 0
0.0 0
Decommissioning Costs Decomissioning Cost ('000) Capital cost (£/kW) Total Decommissioning Costs
Data
Data -
Redpoint -
0
Spare2 -
0
0
0
ing & Finance Depreciation Plant & Machinery Buildings
Data
Capital Allowances Industrial Buildings Allowances (SL Basis) Write Down Allowances (Reducing Balance)
Data
56976059.xls
Yrs
% 50 Straight line 50 Straight line
Data
50 50
% 85% 15%
Yrs
Data 4% 6%
% 85.0% 15.0%
04/28/2011
Method Straight line Straight line
Redpoint
Yrs 50 50
Redpoint 4.0% 6.0%
Method Straight line Straight line %
85.0% 15.0%
4.0% 6.0%
25 / (56)
Input_Coal
Spare2
Yrs 0 0
Spare2
% 85.0% 15.0%
56976059.xls
Method Straight line Straight line
4.0% 6.0%
04/28/2011
26 / (56)
Pre_Constr
Coal
Sheet Check: 0
All Values in £'000s Unless Otherwise Indicated / Yearly Basis Annual Period Starting Annual Period Ending Pre-development Year No Pre-development Flag Proportion in Year Pre-development
1-Jan-2006
1-Jan-2007
1-Jan-2008
1-Jan-2009
1-Jan-2010
1-Jan-2011
1-Jan-2012
1-Jan-2013
1-Jan-2014
31-Dec-2006
31-Dec-2007
31-Dec-2008
31-Dec-2009
31-Dec-2010
31-Dec-2011
31-Dec-2012
31-Dec-2013
31-Dec-2014
0
1
2
3
4
0
0
0
0
0 0%
1 100%
1 100%
1 100%
1 100%
0 0%
0 0%
0 0%
0 0%
Pre-development Pre-development Cost Pre-development Prelicensing - cost Technical including design selection Regulatory including licensing and EIA Regulatory - public enquiry - cost
Total
Total Pre-development Costs Escalated Prelicensing - cost Technical including design selection Regulatory including licensing and EIA Regulatory - public enquiry - cost Total Pre-development Costs - Escalated
0 0 0 0
0 0 0 0
0 0 0 0
0 0 0 0
0 0 0 0
0 0 0 0
0 0 0 0
0 0 0 0
0 0 0 0
0 0 0 0
0
0
0
0
0
0
0
0
0
0
0 0 0 0
0 0 0 0
0 0 0 0
0 0 0 0
0 0 0 0
0 0 0 0
0 0 0 0
0 0 0 0
0 0 0 0
0 0 0 0
0
0
0
0
0
0
0
0
0
0
All Values in £'000s Unless Otherwise Indicated / Yearly Basis Annual Period Starting Annual Period Ending
1-Jan-2006
1-Jan-2007
1-Jan-2008
1-Jan-2009
1-Jan-2010
1-Jan-2011
1-Jan-2012
1-Jan-2013
1-Jan-2014
31-Dec-2006
31-Dec-2007
31-Dec-2008
31-Dec-2009
31-Dec-2010
31-Dec-2011
31-Dec-2012
31-Dec-2013
31-Dec-2014
Construction Year No
0
0
0
0
0
1
2
3
4
Construction Flag
0
0
0
0
0
1
1
1
1
Construction Start Flag
0
0
0
0
0
1
0
0
0
0 0%
0 0%
0 0%
0 0%
0 0%
0 100%
0 100%
0 100%
0 100%
Waste Disposal Flag Proportion in Year Construction
Construction Construction Cost Construction cost Capital Cost Waste Disposal Cost Infrastructure Cost
Total 459,000 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
68,850 0 0
110,160 0 0
192,780 0 0
87,210 0 0
Total Construction Costs
459,000
0
0
0
0
0
68,850
110,160
192,780
87,210
Construction Costs - Escalated
565,052
0
0
0
0
0
81,021
133,198
239,506
111,328
56976059.xls
04/28/2011
27 / (56)
Pre_Constr
Coal
Sheet Check: 0
All Values in £'000s Unless Otherwise Indicated / Yearly Basis Annual Period Starting Annual Period Ending Pre-development Year No Pre-development Flag Proportion in Year Pre-development
1-Jan-2015
1-Jan-2016
1-Jan-2017
1-Jan-2018
1-Jan-2019
1-Jan-2020
1-Jan-2021
1-Jan-2022
1-Jan-2023
31-Dec-2015
31-Dec-2016
31-Dec-2017
31-Dec-2018
31-Dec-2019
31-Dec-2020
31-Dec-2021
31-Dec-2022
31-Dec-2023
0
0
0
0
0
0
0
0
0
0 0%
0 0%
0 0%
0 0%
0 0%
0 0%
0 0%
0 0%
0 0%
Pre-development Pre-development Cost Pre-development Prelicensing - cost Technical including design selection Regulatory including licensing and EIA Regulatory - public enquiry - cost
Total
Total Pre-development Costs Escalated Prelicensing - cost Technical including design selection Regulatory including licensing and EIA Regulatory - public enquiry - cost Total Pre-development Costs - Escalated
0 0 0 0
0 0 0 0
0 0 0 0
0 0 0 0
0 0 0 0
0 0 0 0
0 0 0 0
0 0 0 0
0 0 0 0
0 0 0 0
0
0
0
0
0
0
0
0
0
0
0 0 0 0
0 0 0 0
0 0 0 0
0 0 0 0
0 0 0 0
0 0 0 0
0 0 0 0
0 0 0 0
0 0 0 0
0 0 0 0
0
0
0
0
0
0
0
0
0
0
All Values in £'000s Unless Otherwise Indicated / Yearly Basis Annual Period Starting Annual Period Ending
1-Jan-2015
1-Jan-2016
1-Jan-2017
1-Jan-2018
1-Jan-2019
1-Jan-2020
1-Jan-2021
1-Jan-2022
1-Jan-2023
31-Dec-2015
31-Dec-2016
31-Dec-2017
31-Dec-2018
31-Dec-2019
31-Dec-2020
31-Dec-2021
31-Dec-2022
31-Dec-2023
Construction Year No
0
0
0
0
0
0
0
0
0
Construction Flag
0
0
0
0
0
0
0
0
0
Construction Start Flag
0
0
0
0
0
0
0
0
0
0 0%
0 0%
0 0%
0 0%
0 0%
0 0%
0 0%
0 0%
0 0%
Waste Disposal Flag Proportion in Year Construction
Construction Construction Cost Construction cost Capital Cost Waste Disposal Cost Infrastructure Cost
Total 459,000 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
Total Construction Costs
459,000
0
0
0
0
0
0
0
0
0
Construction Costs - Escalated
565,052
0
0
0
0
0
0
0
0
0
56976059.xls
04/28/2011
28 / (56)
Pre_Constr
Coal
Sheet Check: 0
All Values in £'000s Unless Otherwise Indicated / Yearly Basis Annual Period Starting Annual Period Ending Pre-development Year No Pre-development Flag Proportion in Year Pre-development
1-Jan-2024
1-Jan-2025
1-Jan-2026
1-Jan-2027
1-Jan-2028
1-Jan-2029
1-Jan-2030
1-Jan-2031
1-Jan-2032
31-Dec-2024
31-Dec-2025
31-Dec-2026
31-Dec-2027
31-Dec-2028
31-Dec-2029
31-Dec-2030
31-Dec-2031
31-Dec-2032
0
0
0
0
0
0
0
0
0
0 0%
0 0%
0 0%
0 0%
0 0%
0 0%
0 0%
0 0%
0 0%
Pre-development Pre-development Cost Pre-development Prelicensing - cost Technical including design selection Regulatory including licensing and EIA Regulatory - public enquiry - cost
Total
Total Pre-development Costs Escalated Prelicensing - cost Technical including design selection Regulatory including licensing and EIA Regulatory - public enquiry - cost Total Pre-development Costs - Escalated
0 0 0 0
0 0 0 0
0 0 0 0
0 0 0 0
0 0 0 0
0 0 0 0
0 0 0 0
0 0 0 0
0 0 0 0
0 0 0 0
0
0
0
0
0
0
0
0
0
0
0 0 0 0
0 0 0 0
0 0 0 0
0 0 0 0
0 0 0 0
0 0 0 0
0 0 0 0
0 0 0 0
0 0 0 0
0 0 0 0
0
0
0
0
0
0
0
0
0
0
All Values in £'000s Unless Otherwise Indicated / Yearly Basis Annual Period Starting Annual Period Ending
1-Jan-2024
1-Jan-2025
1-Jan-2026
1-Jan-2027
1-Jan-2028
1-Jan-2029
1-Jan-2030
1-Jan-2031
1-Jan-2032
31-Dec-2024
31-Dec-2025
31-Dec-2026
31-Dec-2027
31-Dec-2028
31-Dec-2029
31-Dec-2030
31-Dec-2031
31-Dec-2032
Construction Year No
0
0
0
0
0
0
0
0
0
Construction Flag
0
0
0
0
0
0
0
0
0
Construction Start Flag
0
0
0
0
0
0
0
0
0
1 0%
0 0%
0 0%
0 0%
0 0%
0 0%
0 0%
0 0%
0 0%
Waste Disposal Flag Proportion in Year Construction
Construction Construction Cost Construction cost Capital Cost Waste Disposal Cost Infrastructure Cost
Total 459,000 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
Total Construction Costs
459,000
0
0
0
0
0
0
0
0
0
Construction Costs - Escalated
565,052
0
0
0
0
0
0
0
0
0
56976059.xls
04/28/2011
29 / (56)
Pre_Constr
Coal
Sheet Check: 0
All Values in £'000s Unless Otherwise Indicated / Yearly Basis Annual Period Starting Annual Period Ending Pre-development Year No Pre-development Flag Proportion in Year Pre-development
1-Jan-2033
1-Jan-2034
31-Dec-2033
31-Dec-2034
0
0
0 0%
0 0%
Pre-development Pre-development Cost Pre-development Prelicensing - cost Technical including design selection Regulatory including licensing and EIA Regulatory - public enquiry - cost
Total
Total Pre-development Costs Escalated Prelicensing - cost Technical including design selection Regulatory including licensing and EIA Regulatory - public enquiry - cost Total Pre-development Costs - Escalated
0 0 0 0
0 0 0 0
0 0 0 0
0
0
0
0 0 0 0
0 0 0 0
0 0 0 0
0
0
0
All Values in £'000s Unless Otherwise Indicated / Yearly Basis Annual Period Starting Annual Period Ending
1-Jan-2033
1-Jan-2034
31-Dec-2033
31-Dec-2034
Construction Year No
0
0
Construction Flag
0
0
Construction Start Flag
0
0
0 0%
1 0%
Waste Disposal Flag Proportion in Year Construction
Construction Construction Cost Construction cost Capital Cost Waste Disposal Cost Infrastructure Cost
Total 459,000 0 0
0 0 0
0 0 0
Total Construction Costs
459,000
0
0
Construction Costs - Escalated
565,052
0
0
56976059.xls
04/28/2011
30 / (56)
Operation
Coal
Sheet Check: 0
UNITS
All Values in £'000s Unless Otherwise Indicated / Yearly Basis Annual Period Starting Annual Period Ending Operating Year No Operational Flag Proportion in Year Operation
1-Jan-2006
1-Jan-2007
1-Jan-2008
1-Jan-2009
1-Jan-2010
1-Jan-2011
1-Jan-2012
1-Jan-2013
31-Dec-2006 0 0 0%
31-Dec-2007 0 0 0%
31-Dec-2008 0 0 0%
31-Dec-2009 0 0 0%
31-Dec-2010 0 0 0%
31-Dec-2011 0 0 0%
31-Dec-2012 0 0 0%
31-Dec-2013 0 0 0%
Power Production PLANT PERFORMANCE
Average during operation
Power Generation Gross Plant Output (MW) Output Degradation Net Plant Output (MW) Available Operating Hours during the Period Overall Availability Gross Energy Generated (before auxiliary deductions)
Total 197,229,600
100.0%
MWe % MWe
0 0.0% 0
0 0.0% 0
0 0.0% 0
0 0.0% 0
0 0.0% 0
0 0.0% 0
0 0.0% 0
0 0.0% 0
90.0%
Hours % MWhe
0 0.0% 0
0 0.0% 0
0 0.0% 0
0 0.0% 0
0 0.0% 0
0 0.0% 0
0 0.0% 0
0 0.0% 0
%
1.8%
1.8%
1.8%
1.8%
1.8%
1.8%
1.8%
1.8%
Auxiliary Power Requirement Gross Energy Generated (before auxiliary deductions)
197,229,600
3,944,592
MWhe
0
0
0
0
0
0
0
0
Energy Sent Out
193,679,467
3,873,589
MWhe
0
0
0
0
0
0
0
0
0.0% 0.0% 0 0.0% 0
0.0% 0.0% 0 0.0% 0
0.0% 0.0% 0 0.0% 0
0.0% 0.0% 0 0.0% 0
0.0% 0.0% 0 0.0% 0
0.0% 0.0% 0 0.0% 0
0.0% 0.0% 0 0.0% 0
0.0% 0.0% 0 0.0% 0
7,277,777.8 0.0 0
0.0 0
0.0 0
0.0 0
0.0 0
0.0 0
0.0 0
0.0 0
Fuel Consumption Gross Efficiency % Net Efficiency % Fuel Consumption (MWht), Gross Heat Rate Degradation Fuel Consumption (MWht), Net Thermal energy to fuel energy conversion Fuel Consumption (million tonnes or million therms) Fuel Consumption (tonnes or therms)
56976059.xls
Average during operation 45.6% 43.4% 454,147,105 9,082,942
Total
454,147,105
9,082,942
% % MWht % MWht
62 62,401,892
1 1,248,038
MWht per Mtonne Mtonne tonne
04/28/2011
31 / (56)
Operation
Coal
Sheet Check: 0
UNITS
All Values in £'000s Unless Otherwise Indicated / Yearly Basis Annual Period Starting Annual Period Ending Operating Year No Operational Flag Proportion in Year Operation
1-Jan-2014
1-Jan-2015
1-Jan-2016
1-Jan-2017
1-Jan-2018
1-Jan-2019
1-Jan-2020
1-Jan-2021
31-Dec-2014 0 0 0%
31-Dec-2015 1 1 100%
31-Dec-2016 2 1 100%
31-Dec-2017 3 1 100%
31-Dec-2018 4 1 100%
31-Dec-2019 5 1 100%
31-Dec-2020 6 1 100%
31-Dec-2021 7 1 100%
Power Production PLANT PERFORMANCE
Average during operation
Power Generation Gross Plant Output (MW) Output Degradation Net Plant Output (MW) Available Operating Hours during the Period Overall Availability Gross Energy Generated (before auxiliary deductions)
Total 197,229,600
100.0%
MWe % MWe
0 0.0% 0
500 100.0% 500
500 100.0% 500
500 100.0% 500
500 100.0% 500
500 100.0% 500
500 100.0% 500
500 100.0% 500
90.0%
Hours % MWhe
0 0.0% 0
8,736 90.0% 3,931,200
8,784 90.0% 3,952,800
8,760 90.0% 3,942,000
8,760 90.0% 3,942,000
8,760 90.0% 3,942,000
8,784 90.0% 3,952,800
8,760 90.0% 3,942,000
%
1.8%
1.8%
1.8%
1.8%
1.8%
1.8%
1.8%
1.8%
Auxiliary Power Requirement Gross Energy Generated (before auxiliary deductions)
197,229,600
3,944,592
MWhe
0
3,931,200
3,952,800
3,942,000
3,942,000
3,942,000
3,952,800
3,942,000
Energy Sent Out
193,679,467
3,873,589
MWhe
0
3,860,438
3,881,650
3,871,044
3,871,044
3,871,044
3,881,650
3,871,044
0.0% 0.0% 0 0.0% 0
45.6% 43.4% 9,052,105 100.0% 9,052,105
45.6% 43.4% 9,101,842 100.0% 9,101,842
45.6% 43.4% 9,076,974 100.0% 9,076,974
45.6% 43.4% 9,076,974 100.0% 9,076,974
45.6% 43.4% 9,076,974 100.0% 9,076,974
45.6% 43.4% 9,101,842 100.0% 9,101,842
45.6% 43.4% 9,076,974 100.0% 9,076,974
0.0 0
1.2 1,243,801
1.3 1,250,635
1.2 1,247,218
1.2 1,247,218
1.2 1,247,218
1.3 1,250,635
1.2 1,247,218
Fuel Consumption Gross Efficiency % Net Efficiency % Fuel Consumption (MWht), Gross Heat Rate Degradation Fuel Consumption (MWht), Net Thermal energy to fuel energy conversion Fuel Consumption (million tonnes or million therms) Fuel Consumption (tonnes or therms)
56976059.xls
Average during operation 45.6% 43.4% 454,147,105 9,082,942
Total
454,147,105
9,082,942
% % MWht % MWht
62 62,401,892
1 1,248,038
MWht per Mtonne Mtonne tonne
04/28/2011
32 / (56)
Operation
Coal
Sheet Check: 0
UNITS
All Values in £'000s Unless Otherwise Indicated / Yearly Basis Annual Period Starting Annual Period Ending Operating Year No Operational Flag Proportion in Year Operation
1-Jan-2022
1-Jan-2023
1-Jan-2024
1-Jan-2025
1-Jan-2026
1-Jan-2027
1-Jan-2028
1-Jan-2029
31-Dec-2022 8 1 100%
31-Dec-2023 9 1 100%
31-Dec-2024 10 1 100%
31-Dec-2025 11 1 100%
31-Dec-2026 12 1 100%
31-Dec-2027 13 1 100%
31-Dec-2028 14 1 100%
31-Dec-2029 15 1 100%
Power Production PLANT PERFORMANCE
Average during operation
Power Generation Gross Plant Output (MW) Output Degradation Net Plant Output (MW) Available Operating Hours during the Period Overall Availability Gross Energy Generated (before auxiliary deductions)
Total 197,229,600
100.0%
MWe % MWe
500 100.0% 500
500 100.0% 500
500 100.0% 500
500 100.0% 500
500 100.0% 500
500 100.0% 500
500 100.0% 500
500 100.0% 500
90.0%
Hours % MWhe
8,760 90.0% 3,942,000
8,760 90.0% 3,942,000
8,784 90.0% 3,952,800
8,760 90.0% 3,942,000
8,760 90.0% 3,942,000
8,760 90.0% 3,942,000
8,784 90.0% 3,952,800
8,760 90.0% 3,942,000
1.8%
1.8%
1.8%
1.8%
1.8%
1.8%
1.8%
1.8%
Auxiliary Power Requirement
%
Gross Energy Generated (before auxiliary deductions)
197,229,600
3,944,592
MWhe
3,942,000
3,942,000
3,952,800
3,942,000
3,942,000
3,942,000
3,952,800
3,942,000
Energy Sent Out
193,679,467
3,873,589
MWhe
3,871,044
3,871,044
3,881,650
3,871,044
3,871,044
3,871,044
3,881,650
3,871,044
45.6% 43.4% 9,076,974 100.0% 9,076,974
45.6% 43.4% 9,076,974 100.0% 9,076,974
45.6% 43.4% 9,101,842 100.0% 9,101,842
45.6% 43.4% 9,076,974 100.0% 9,076,974
45.6% 43.4% 9,076,974 100.0% 9,076,974
45.6% 43.4% 9,076,974 100.0% 9,076,974
45.6% 43.4% 9,101,842 100.0% 9,101,842
45.6% 43.4% 9,076,974 100.0% 9,076,974
1.2 1,247,218
1.2 1,247,218
1.3 1,250,635
1.2 1,247,218
1.2 1,247,218
1.2 1,247,218
1.3 1,250,635
1.2 1,247,218
Fuel Consumption Gross Efficiency % Net Efficiency % Fuel Consumption (MWht), Gross Heat Rate Degradation Fuel Consumption (MWht), Net Thermal energy to fuel energy conversion Fuel Consumption (million tonnes or million therms) Fuel Consumption (tonnes or therms)
56976059.xls
Average during operation 45.6% 43.4% 454,147,105 9,082,942
Total
454,147,105
9,082,942
% % MWht % MWht
62 62,401,892
1 1,248,038
MWht per Mtonne Mtonne tonne
04/28/2011
33 / (56)
Operation
Coal
Sheet Check: 0
UNITS
All Values in £'000s Unless Otherwise Indicated / Yearly Basis Annual Period Starting Annual Period Ending Operating Year No Operational Flag Proportion in Year Operation
1-Jan-2030
1-Jan-2031
1-Jan-2032
1-Jan-2033
31-Dec-2030 16 1 100%
31-Dec-2031 17 1 100%
31-Dec-2032 18 1 100%
31-Dec-2033 19 1 100%
Power Production PLANT PERFORMANCE
Average during operation
Power Generation Gross Plant Output (MW) Output Degradation Net Plant Output (MW) Available Operating Hours during the Period Overall Availability Gross Energy Generated (before auxiliary deductions)
Total 197,229,600
100.0%
MWe % MWe
500 100.0% 500
500 100.0% 500
500 100.0% 500
500 100.0% 500
90.0%
Hours % MWhe
8,760 90.0% 3,942,000
8,760 90.0% 3,942,000
8,784 90.0% 3,952,800
8,760 90.0% 3,942,000
1.8%
1.8%
1.8%
1.8%
Auxiliary Power Requirement
%
Gross Energy Generated (before auxiliary deductions)
197,229,600
3,944,592
MWhe
3,942,000
3,942,000
3,952,800
3,942,000
Energy Sent Out
193,679,467
3,873,589
MWhe
3,871,044
3,871,044
3,881,650
3,871,044
45.6% 43.4% 9,076,974 100.0% 9,076,974
45.6% 43.4% 9,076,974 100.0% 9,076,974
45.6% 43.4% 9,101,842 100.0% 9,101,842
45.6% 43.4% 9,076,974 100.0% 9,076,974
1.2 1,247,218
1.2 1,247,218
1.3 1,250,635
1.2 1,247,218
Fuel Consumption Gross Efficiency % Net Efficiency % Fuel Consumption (MWht), Gross Heat Rate Degradation Fuel Consumption (MWht), Net Thermal energy to fuel energy conversion Fuel Consumption (million tonnes or million therms) Fuel Consumption (tonnes or therms)
56976059.xls
Average during operation 45.6% 43.4% 454,147,105 9,082,942
Total
454,147,105
9,082,942
% % MWht % MWht
62 62,401,892
1 1,248,038
MWht per Mtonne Mtonne tonne
04/28/2011
34 / (56)
Strictly Private Confidential
Coal
Sheet Check: 0
All Values in £'000s Unless Otherwise Indicated / Yearly Basis Annual Period Starting Annual Period Ending
1-Jan-2006
1-Jan-2007
1-Jan-2008
1-Jan-2009
1-Jan-2010
1-Jan-2011
1-Jan-2012
31-Dec-2006
31-Dec-2007
31-Dec-2008
31-Dec-2009
31-Dec-2010
31-Dec-2011
31-Dec-2012
Operation Year Flag Operation Flag Proportion of Period in Operation Decomissioning Flag
0 0 0% 0
0 0 0% 0
0 0 0% 0
0 0 0% 0
0 0 0% 0
0 0 0% 0
0 0 0% 0
Proportion in Year Decommissioning Index Year Flag
0% 1
0% 2
0% 3
0% 4
0% 5
0% 6
0% 7
Decommissioning
56976059.xls / 04/28/2011
Decommissioning
35 / (56)
Strictly Private Confidential
Coal
Sheet Check: 0
All Values in £'000s Unless Otherwise Indicated / Yearly Basis Annual Period Starting Annual Period Ending
1-Jan-2013
1-Jan-2014
1-Jan-2015
1-Jan-2016
1-Jan-2017
1-Jan-2018
1-Jan-2019
31-Dec-2013
31-Dec-2014
31-Dec-2015
31-Dec-2016
31-Dec-2017
31-Dec-2018
31-Dec-2019
Operation Year Flag Operation Flag Proportion of Period in Operation Decomissioning Flag
0 0 0% 0
0 0 0% 0
1 1 100% 0
2 1 100% 0
3 1 100% 0
4 1 100% 0
5 1 100% 0
Proportion in Year Decommissioning Index Year Flag
0% 8
0% 9
0% 10
0% 11
0% 12
0% 13
0% 14
Decommissioning
56976059.xls / 04/28/2011
Decommissioning
36 / (56)
Strictly Private Confidential
Coal
Sheet Check: 0
All Values in £'000s Unless Otherwise Indicated / Yearly Basis Annual Period Starting Annual Period Ending Operation Year Flag Operation Flag Proportion of Period in Operation Decomissioning Flag Proportion in Year Decommissioning Index Year Flag
1-Jan-2020
1-Jan-2021
1-Jan-2022
1-Jan-2023
1-Jan-2024
1-Jan-2025
1-Jan-2026
31-Dec-2020
31-Dec-2021
31-Dec-2022
31-Dec-2023
31-Dec-2024
31-Dec-2025
31-Dec-2026
6 1 100% 0
7 1 100% 0
8 1 100% 0
9 1 100% 0
10 1 100% 0
11 1 100% 0
12 1 100% 0
0% 15
0% 16
0% 17
0% 18
0% 19
0% 20
0% 21
Decommissioning
56976059.xls / 04/28/2011
Decommissioning
37 / (56)
Strictly Private Confidential
Coal
Sheet Check: 0
All Values in £'000s Unless Otherwise Indicated / Yearly Basis Annual Period Starting Annual Period Ending Operation Year Flag Operation Flag Proportion of Period in Operation Decomissioning Flag Proportion in Year Decommissioning Index Year Flag
1-Jan-2027
1-Jan-2028
1-Jan-2029
1-Jan-2030
1-Jan-2031
1-Jan-2032
1-Jan-2033
31-Dec-2027
31-Dec-2028
31-Dec-2029
31-Dec-2030
31-Dec-2031
31-Dec-2032
31-Dec-2033
13 1 100% 0
14 1 100% 0
15 1 100% 0
16 1 100% 0
17 1 100% 0
18 1 100% 0
19 1 100% 0
0% 22
0% 23
0% 24
0% 25
0% 26
0% 27
0% 28
Decommissioning
56976059.xls / 04/28/2011
Decommissioning
38 / (56)
Strictly Private Confidential
Coal
Sheet Check: 0
All Values in £'000s Unless Otherwise Indicated / Yearly Basis Annual Period Starting Annual Period Ending
1-Jan-2034 31-Dec-2034
Operation Year Flag Operation Flag Proportion of Period in Operation Decomissioning Flag
20 1 100% 0
Proportion in Year Decommissioning Index Year Flag
0% 29
Decommissioning
56976059.xls / 04/28/2011
Decommissioning
39 / (56)
Strictly Private Confidential
Coal
Sheet Check: 0
All Values in £'000s Unless Otherwise Indicated / Yearly Basis Annual Period Starting Annual Period Ending Operation Year Flag Operation Flag Proportion of Period in Operation Waste Disposal Spend Flag Proportion in Year Waste Storage Index Year Flag
1-Jan-2006
1-Jan-2007
1-Jan-2008
1-Jan-2009
1-Jan-2010
1-Jan-2011
1-Jan-2012
31-Dec-2006 0 0 0% 0 0% 1
31-Dec-2007 0 0 0% 0 0% 2
31-Dec-2008 0 0 0% 0 0% 3
31-Dec-2009 0 0 0% 0 0% 4
31-Dec-2010 0 0 0% 0 0% 5
31-Dec-2011 0 0 0% 0 0% 6
31-Dec-2012 0 0 0% 0 0% 7
Waste Disposal
56976059.xls / 04/28/2011
Waste
40 / (56)
Strictly Private Confidential
Coal
Sheet Check: 0
All Values in £'000s Unless Otherwise Indicated / Yearly Basis Annual Period Starting Annual Period Ending Operation Year Flag Operation Flag Proportion of Period in Operation Waste Disposal Spend Flag Proportion in Year Waste Storage Index Year Flag
1-Jan-2013
1-Jan-2014
1-Jan-2015
1-Jan-2016
1-Jan-2017
1-Jan-2018
1-Jan-2019
31-Dec-2013 0 0 0% 0 0% 8
31-Dec-2014 0 0 0% 0 0% 9
31-Dec-2015 1 1 100% 0 0% 10
31-Dec-2016 2 1 100% 0 0% 11
31-Dec-2017 3 1 100% 0 0% 12
31-Dec-2018 4 1 100% 0 0% 13
31-Dec-2019 5 1 100% 0 0% 14
Waste Disposal
56976059.xls / 04/28/2011
Waste
41 / (56)
Strictly Private Confidential
Coal
Sheet Check: 0
All Values in £'000s Unless Otherwise Indicated / Yearly Basis Annual Period Starting Annual Period Ending Operation Year Flag Operation Flag Proportion of Period in Operation Waste Disposal Spend Flag Proportion in Year Waste Storage Index Year Flag
1-Jan-2020
1-Jan-2021
1-Jan-2022
1-Jan-2023
1-Jan-2024
1-Jan-2025
1-Jan-2026
31-Dec-2020 6 1 100% 0 0% 15
31-Dec-2021 7 1 100% 0 0% 16
31-Dec-2022 8 1 100% 0 0% 17
31-Dec-2023 9 1 100% 0 0% 18
31-Dec-2024 10 1 100% 0 0% 19
31-Dec-2025 11 1 100% 0 0% 20
31-Dec-2026 12 1 100% 0 0% 21
Waste Disposal
56976059.xls / 04/28/2011
Waste
42 / (56)
Strictly Private Confidential
Coal
Sheet Check: 0
All Values in £'000s Unless Otherwise Indicated / Yearly Basis Annual Period Starting Annual Period Ending Operation Year Flag Operation Flag Proportion of Period in Operation Waste Disposal Spend Flag Proportion in Year Waste Storage Index Year Flag
1-Jan-2027
1-Jan-2028
1-Jan-2029
1-Jan-2030
1-Jan-2031
1-Jan-2032
1-Jan-2033
31-Dec-2027 13 1 100% 0 0% 22
31-Dec-2028 14 1 100% 0 0% 23
31-Dec-2029 15 1 100% 0 0% 24
31-Dec-2030 16 1 100% 0 0% 25
31-Dec-2031 17 1 100% 0 0% 26
31-Dec-2032 18 1 100% 0 0% 27
31-Dec-2033 19 1 100% 0 0% 28
Waste Disposal
56976059.xls / 04/28/2011
Waste
43 / (56)
Strictly Private Confidential
Coal
Sheet Check: 0
All Values in £'000s Unless Otherwise Indicated / Yearly Basis Annual Period Starting Annual Period Ending
1-Jan-2034 31-Dec-2034 20 1 100% 0 0% 29
Operation Year Flag Operation Flag Proportion of Period in Operation Waste Disposal Spend Flag Proportion in Year Waste Storage Index Year Flag
Waste Disposal
56976059.xls / 04/28/2011
Waste
44 / (56)
Finance
Coal
Model Check: OK
All Values in £'000s Unless Otherwise Indicated / Yearly Basis Annual Period Starting Annual Period Ending Year Flag Project Life Flag (Start to End) Proportion of Period in Operation Years in Operation
50
Operational Phase Flag Start of Operations Flag End of Operations Flag Project Finance Phase Flag Construction Phase Flag Construction / Operations Flag End of Decommissioning Flag
1-Jan-2005
1-Jan-2006
1-Jan-2007
1-Jan-2008
1-Jan-2009
1-Jan-2010
1-Jan-2011
31-Dec-2005 0 0 0% 0
31-Dec-2006 1 0 0% 0
31-Dec-2007 2 1 0% 0
31-Dec-2008 3 1 0% 0
31-Dec-2009 4 1 0% 0
31-Dec-2010 5 1 0% 0
31-Dec-2011 6 1 0% 0
0 0 0 0 0 0 0
0 0 0 0 0 0 0
0 0 0 0 0 0 0
0 0 0 0 0 0 0
0 0 0 0 0 0 0
0 0 0 0 0 0 0
0 0 0 1 1 1 0
Finance CONSTRUCTION FINANCING Financing Flag Senior Debt Repayment Schedule Senior Debt Interest Rate Arrangement fee - circularity copy / paste area Calculated arrangement fee Arrangement fee used by model Difference Re-run macro? Senior Debt I Balance b/f Debt Drawdown - Principal Debt Drawdown - Arrangement Fee Total Loan Amount before Repayments Interest capitalised Senior Debt I Special Repayments Senior Debt I Repayments Balance c/f Check Interest Due
Total
0 0.0% 6.26%
0 0.0% 6.26%
0 0.0% 6.26%
0 0.0% 6.26%
0 0.0% 6.26%
1 0.0% 6.26%
0 0 0 0 0 0 0
0 0 0 0 0 0 0
0 0 0 0 0 0 0
0 0 0 0 0 0 0
0 0 0 0 0 0 0
0 56,714 8,254 64,968 4,067 0 0
0 0
0
0
0
0
0
69,035
(121,459)
0
0
0
0
0
(4,067)
0
0
0
0
0
( 4 067)
100.0 %
8,254 8,254 0 0
Total 395,536 8,254 63,015 0 (466,806)
Senior Debt Service
56976059.xls
04/28/2011
45 / (56)
Finance
Coal
Model Check: OK
All Values in £'000s Unless Otherwise Indicated / Yearly Basis Annual Period Starting Annual Period Ending Year Flag Project Life Flag (Start to End) Proportion of Period in Operation Years in Operation
50
Operational Phase Flag Start of Operations Flag End of Operations Flag Project Finance Phase Flag Construction Phase Flag Construction / Operations Flag End of Decommissioning Flag
1-Jan-2012
1-Jan-2013
1-Jan-2014
31-Dec-2012 7 1 0% 0
31-Dec-2013 8 1 0% 0
31-Dec-2014 9 1 0% 0
0 0 0 1 1 1 0
0 0 0 1 1 1 0
0 0 0 1 1 1 0
Finance CONSTRUCTION FINANCING Financing Flag Senior Debt Repayment Schedule Senior Debt Interest Rate Arrangement fee - circularity copy / paste area Calculated arrangement fee Arrangement fee used by model Difference Re-run macro? Senior Debt I Balance b/f Debt Drawdown - Principal Debt Drawdown - Arrangement Fee Total Loan Amount before Repayments Interest capitalised Senior Debt I Special Repayments Senior Debt I Repayments Balance c/f Check Interest Due Senior Debt Service
56976059.xls
Total
1 0.0% 6.26%
1 0.0% 6.26%
1 0.0% 6.26%
69,035 93,238 0 162,274 10,158 0 0
172,432 167,654 0 340,086 21,289 0 0
361,376 77,929 0 439,305 27,500 0 0
0 0
172,432
361,376
466,806
(121,459)
(10,158)
(21,289)
(27,500)
( 10 158)
( 21 289)
( 27 500)
100.0 %
8,254 8,254 0 0
Total 395,536 8,254 63,015 0 (466,806)
04/28/2011
46 / (56)
Finance
Coal
Model Check: OK
All Values in £'000s Unless Otherwise Indicated / Yearly Basis Annual Period Starting Annual Period Ending Year Flag Project Life Flag (Start to End) Proportion of Period in Operation Years in Operation
50
Operational Phase Flag Start of Operations Flag End of Operations Flag Project Finance Phase Flag Construction Phase Flag Construction / Operations Flag End of Decommissioning Flag
1-Jan-2015
1-Jan-2016
1-Jan-2017
1-Jan-2018
1-Jan-2019
1-Jan-2020
1-Jan-2021
31-Dec-2015 10 1 100% 1
31-Dec-2016 11 1 100% 2
31-Dec-2017 12 1 100% 3
31-Dec-2018 13 1 100% 4
31-Dec-2019 14 1 100% 5
31-Dec-2020 15 1 100% 6
31-Dec-2021 16 1 100% 7
1 1 0 1 0 1 0
1 0 0 1 0 1 0
1 0 0 0 0 1 0
1 0 0 0 0 1 0
1 0 0 0 0 1 0
1 0 0 0 0 1 0
1 0 0 0 0 1 0
Finance CONSTRUCTION FINANCING Financing Flag Senior Debt Repayment Schedule Senior Debt Interest Rate Arrangement fee - circularity copy / paste area Calculated arrangement fee Arrangement fee used by model Difference Re-run macro? Senior Debt I Balance b/f Debt Drawdown - Principal Debt Drawdown - Arrangement Fee Total Loan Amount before Repayments Interest capitalised Senior Debt I Special Repayments Senior Debt I Repayments Balance c/f Check Interest Due Senior Debt Service
56976059.xls
Total
1 0.0% 6.26%
1 0.0% 6.26%
1 100.0% 6.26%
1 0.0% 6.26%
1 0.0% 6.26%
1 0.0% 6.26%
1 0.0% 6.26%
466,806 0 0 466,806 0 0 0
466,806 0 0 466,806 0 0 0
466,806 0 0 466,806 0 0 (466,806)
0 0 0 0 0 0 0
0 0 0 0 0 0 0
0 0 0 0 0 0 0
0 0 0 0 0 0 0
0 0
466,806
466,806
0
0
0
0
0
(121,459)
(29,222)
(29,222)
0
0
0
0
0
( 29 222)
( 29 222)
( 466 806)
0
0
0
0
100.0 %
8,254 8,254 0 0
Total 395,536 8,254 63,015 0 (466,806)
04/28/2011
47 / (56)
Finance
Coal
Model Check: OK
All Values in £'000s Unless Otherwise Indicated / Yearly Basis Annual Period Starting Annual Period Ending Year Flag Project Life Flag (Start to End) Proportion of Period in Operation Years in Operation
50
Operational Phase Flag Start of Operations Flag End of Operations Flag Project Finance Phase Flag Construction Phase Flag Construction / Operations Flag End of Decommissioning Flag
1-Jan-2022
1-Jan-2023
1-Jan-2024
1-Jan-2025
1-Jan-2026
1-Jan-2027
31-Dec-2022 17 1 100% 8
31-Dec-2023 18 1 100% 9
31-Dec-2024 19 1 100% 10
31-Dec-2025 20 1 100% 11
31-Dec-2026 21 1 100% 12
31-Dec-2027 22 1 100% 13
1 0 0 0 0 1 0
1 0 0 0 0 1 0
1 0 0 0 0 1 0
1 0 0 0 0 1 0
1 0 0 0 0 1 0
1 0 0 0 0 1 0
Finance CONSTRUCTION FINANCING Financing Flag Senior Debt Repayment Schedule Senior Debt Interest Rate Arrangement fee - circularity copy / paste area Calculated arrangement fee Arrangement fee used by model Difference Re-run macro? Senior Debt I Balance b/f Debt Drawdown - Principal Debt Drawdown - Arrangement Fee Total Loan Amount before Repayments Interest capitalised Senior Debt I Special Repayments Senior Debt I Repayments Balance c/f Check Interest Due Senior Debt Service
56976059.xls
Total
1 0.0% 6.26%
1 0.0% 6.26%
1 0.0% 6.26%
1 0.0% 6.26%
1 0.0% 6.26%
1 0.0% 6.26%
0 0 0 0 0 0 0
0 0 0 0 0 0 0
0 0 0 0 0 0 0
0 0 0 0 0 0 0
0 0 0 0 0 0 0
0 0 0 0 0 0 0
0 0
0
0
0
0
0
0
(121,459)
0
0
0
0
0
0
0
0
0
0
0
0
100.0 %
8,254 8,254 0 0
Total 395,536 8,254 63,015 0 (466,806)
04/28/2011
48 / (56)
Strictly Private Confidential
Coal
Model Check: OK
All Values in £'000s Unless Otherwise Indicated / Yearly Basis Annual Period Starting Annual Period Ending Year No Proportion in Year Operation
1-Jan-2006
1-Jan-2007
1-Jan-2008
1-Jan-2009
1-Jan-2010
1-Jan-2011
1-Jan-2012
1-Jan-2013
1-Jan-2014
31-Dec-2006 1 0%
31-Dec-2007 2 0%
31-Dec-2008 3 0%
31-Dec-2009 4 0%
31-Dec-2010 5 0%
31-Dec-2011 6 0%
31-Dec-2012 7 0%
31-Dec-2013 8 0%
31-Dec-2014 9 0%
Indexation INDICES INDEX VALUES Indeces / I (2006) RPI
2.75%
2.75%
2.75%
2.75%
2.75%
2.75%
2.75%
2.75%
2.75%
1.028
1.056
1.085
1.115
1.145
1.177
1.209
1.242
1.277
INDEX FACTORS Index Factors / I (2006) RPI
56976059.xls / 04/28/2011
1
Index
49 / (56)
Strictly Private Confidential
Coal
Model Check: OK
All Values in £'000s Unless Otherwise Indicated / Yearly Basis Annual Period Starting Annual Period Ending Year No Proportion in Year Operation
1-Jan-2015
1-Jan-2016
1-Jan-2017
1-Jan-2018
1-Jan-2019
1-Jan-2020
1-Jan-2021
1-Jan-2022
1-Jan-2023
31-Dec-2015 10 100%
31-Dec-2016 11 100%
31-Dec-2017 12 100%
31-Dec-2018 13 100%
31-Dec-2019 14 100%
31-Dec-2020 15 100%
31-Dec-2021 16 100%
31-Dec-2022 17 100%
31-Dec-2023 18 100%
Indexation INDICES INDEX VALUES Indeces / I (2006) RPI
2.75%
2.75%
2.75%
2.75%
2.75%
2.75%
2.75%
2.75%
2.75%
1.312
1.348
1.385
1.423
1.462
1.502
1.544
1.586
1.630
INDEX FACTORS Index Factors / I (2006) RPI
56976059.xls / 04/28/2011
1
Index
50 / (56)
Strictly Private Confidential
Coal
Model Check: OK
All Values in £'000s Unless Otherwise Indicated / Yearly Basis Annual Period Starting Annual Period Ending Year No Proportion in Year Operation
1-Jan-2024
1-Jan-2025
1-Jan-2026
1-Jan-2027
1-Jan-2028
1-Jan-2029
1-Jan-2030
1-Jan-2031
1-Jan-2032
31-Dec-2024 19 100%
31-Dec-2025 20 100%
31-Dec-2026 21 100%
31-Dec-2027 22 100%
31-Dec-2028 23 100%
31-Dec-2029 24 100%
31-Dec-2030 25 100%
31-Dec-2031 26 100%
31-Dec-2032 27 100%
Indexation INDICES INDEX VALUES Indeces / I (2006) RPI
2.75%
2.75%
2.75%
2.75%
2.75%
2.75%
2.75%
2.75%
2.75%
1.674
1.720
1.768
1.816
1.866
1.918
1.970
2.025
2.080
INDEX FACTORS Index Factors / I (2006) RPI
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1
Index
51 / (56)
Strictly Private Confidential
Coal
Model Check: OK
All Values in £'000s Unless Otherwise Indicated / Yearly Basis Annual Period Starting Annual Period Ending Year No Proportion in Year Operation
1-Jan-2033
1-Jan-2034
31-Dec-2033 28 100%
31-Dec-2034 29 100%
Indexation INDICES INDEX VALUES Indeces / I (2006) RPI
2.75%
2.75%
2.137
2.196
INDEX FACTORS Index Factors / I (2006) RPI
56976059.xls / 04/28/2011
1
Index
52 / (56)
0 Copy No. 001
New Build Evaluation Model Pulverised Fuel Coal Financial Model Version: Version
2006
0 Preparation Date:
April 28, 2011
- The use of Financial Model is Subject to the Disclaimer -
0 Pulverised Fuel Coal
Report W/sheet Header / Footer Titles CenterHeader Left Footer CenterFooter RightFooter
worksheet name filename date page / (pages)
0
&A &F &D &P / (&N)
1
2
3
4
5
6
7
8
9
(L)and / (P)ortrait
Zoom
HorizCenter?
VertiCenter?
CenterHeader
LeftFooter
CenterFooter
Name
Area Name
Worksheet
Cover Page Disclaimer Financial Model Structure Summary (Key Input & Results) Sensitivity Table Graphs Levelised Costs Decommissioning Waste ------------------------------Main Assumptions Assumptions / Coal -----------------------------Predevelopment Construction -----------------------------Plant Performance Power Revenue / PPA Power Revenue / Market -----------------------------Fuel Calc. (Spot & GSA) Other Volume Rel. Costs Non-Volume Rel. Costs Power/Fuel, Oper Margins -----------------------------Interest During Construction -----------------------------Indices ------------------------------
Prt_Cover Prt_Disclaimer Prt_FMStruc Prt_Smry Prt_SensitTable Prt_Chart Prt_LevelisedCosts Prt_Decom Prt_Waste
Cover Disclaimer Structure Smry Sensit Graphs Levelised costs Decommissioning Waste
L L L L L L L L L
75 75 65 66 73 70 73 73 73
FALSE TRUE FALSE FALSE FALSE FALSE FALSE FALSE FALSE
FALSE TRUE FALSE FALSE FALSE FALSE FALSE FALSE FALSE
FALSE FALSE TRUE TRUE TRUE TRUE TRUE TRUE TRUE
FALSE FALSE FALSE TRUE TRUE TRUE TRUE TRUE TRUE
FALSE FALSE FALSE TRUE TRUE TRUE TRUE TRUE TRUE
Prt_InputMain Prt_Coal
Input_Main Input_Coal
L L
55 55
FALSE FALSE
FALSE FALSE
TRUE TRUE
TRUE TRUE
TRUE TRUE
Prt_Predev Prt_Construction
Pre_Constr Pre_Constr
L L
64 64
FALSE FALSE
FALSE FALSE
TRUE TRUE
TRUE TRUE
TRUE TRUE
Prt_PlantPerform Prt_PowerRevPPA Prt_PowerRevMerchant
Operation Operation Operation
L L L
64 64 64
FALSE FALSE FALSE
FALSE FALSE FALSE
TRUE TRUE TRUE
TRUE TRUE TRUE
TRUE TRUE TRUE
Prt_Fuel1 Prt_OtherVolRelCosts Prt_NonVolRelCost Prt_OperMargins
Operation Operation Operation Operation
L L L L
64 60 64 64
FALSE FALSE FALSE FALSE
FALSE FALSE FALSE FALSE
TRUE TRUE TRUE TRUE
TRUE TRUE TRUE TRUE
TRUE TRUE TRUE TRUE
Prt_IDC
Finance
L
64
FALSE
FALSE
TRUE
TRUE
TRUE
Prt_Indices
Index
L
64
FALSE
FALSE
TRUE
TRUE
TRUE
56976059.xls / JM / 04/28/2011
PrtDefn
55 (56)
10 RightFooter FALSE FALSE FALSE TRUE TRUE TRUE TRUE TRUE TRUE TRUE TRUE TRUE TRUE TRUE TRUE TRUE TRUE TRUE TRUE TRUE TRUE TRUE
56976059.xls / JM / 04/28/2011
PrtDefn
56 (56)
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