RATE DESIGN COMPUTATION

Coal-fired Power Plant

DICHOSA, Elaine Ann T.

REVENUE REQUIREMENTS AND RATE DESIGN

Capital Cost

Annual Depreciation

Loan Amount

RATE DESIGN COMPUTATION

Coal-fired Power Plant
Loan Amortization

DICHOSA, Elaine Ann T.

Interest

Fuel

RATE DESIGN COMPUTATION

Coal-fired Power Plant
Annual O&M Total

DICHOSA, Elaine Ann T.

Annual O&M Fixed

Annual O&M Variable

Energy Generation

Fuel Cost

RATE DESIGN COMPUTATION

Coal-fired Power Plant
Total Variable Cost

DICHOSA, Elaine Ann T.

1 Month WC

Rate Base

Allowed Return

RATE DESIGN COMPUTATION

Coal-fired Power Plant

DICHOSA, Elaine Ann T.

Total Fixed Cost

Total Cost

Average Rate

Income Statement
Revenues = Total cost = Php 9,942.48M Variable Expense =Fuel + Var O&M = Php 3,049.50M Fixed Expense = Depreciation + Interest = Php 1,332.13M Total Expense = Variable Expense + Fixed Expense = Php 4,381.63M

RATE DESIGN COMPUTATION

Coal-fired Power Plant

DICHOSA, Elaine Ann T.

Net Income Before Tax

Income Tax

Net Income After Tax

Return of Equity (%)

RATE DESIGN COMPUTATION

Coal-fired Power Plant
Item Capacity Economic Life Value Units 300 MW 30 years Source Given

DICHOSA, Elaine Ann T.

Capital Cost Heat Rate Fuel Cost O&M Cost/yr Regulary WC PF Loan Capital Borrowing Rate Loan Repayment Target Return Exchange Rate Fixed O&M Incom Tax Allowed RORB

2.89

$Mn/MW

Given http://www.synapseenergy.com/Downloads/SynapsePaper.2008-07.0.Coal-PlantConstruction-Costs.A0021.pdf http://www.eia.gov/tools/faqs/faq.cfm?id=667&t=2 http://www.eia.gov/forecasts/steo/report/prices.cfm http://www.iea-etsap.org/web/E-TechDS/PDF/E01-coalfired-power-GS-AD-gct.pdf Given Given Given Given Given Given Given Given Given Given

9,200.00 $

BTU/kWh $/MMBT 3.56 U of inv 4% cost 1 month 70% monthly of total 70% proj cost 8% p.a.

30

years 12% after tax

43.65

P/$ of inv 70% cost 30% in pre tax 12%

Capital Cost Annual Depn Loan Amount Loan Amort Interest Fuel O&M total Fixed

37,844.55 1,261.49 26,491.49 953.68 70.64 1.43 1,513.78 1,059.65

PhPMn PhPMn/yr PhPMn PhPMn/yr PhpMn/y r PhP/kWh PhPMn/yr PhPMn/yr

RATE DESIGN COMPUTATION

Coal-fired Power Plant
Var kWh Gen Fuel Total Total Var Cost 1 mo work cap Rate Base Allowed Return 454.13 1,814.40 2,595.37 3,049.50 254.13 38,098.68 4,571.84 PhpMn/y r GWh/yr PhPMn/yr PMn/yr PMn/mo PhPMn PhPMn/yr

DICHOSA, Elaine Ann T.

Total Rev Reqmts: (economics) Depn Fixed O&M RORB Total Fixed Cost Fuel Variable O&M Total Variable Costs Total Costs Average Rate Income Statement Revenues Variable Expense Fuel Var O&M 9,942.48 3,049.50 2,595.37 454.13 1,261.49 1,059.65 4,571.84 6,892.97 2,595.37 454.13 PhPMn PhPMn PhPMn PhPMn PhPMn PhPMn

3,049.50 9,942.48 5.4798

PhPMn PhPMn PhP/kWh

RATE DESIGN COMPUTATION

Coal-fired Power Plant
Fixed Expense Depn Interest Total Expense 1,332.13 1,261.49 70.64 4,381.63 3,427.32 1,028.20 2,399.41

DICHOSA, Elaine Ann T.

Income Pre Tax (NIBT) Incom Tax NIAT

Equity Return on Equity

3,427.32 30.19%