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<br />TUESDAY
<br />
<br />MAY 12, 1981
<br />
<br />-
<br />
<br />thereof is estimated to require two years. Estimated project costs, assuming
<br />
<br />fifty-year bonds at 9%, predicated on entering into service in January of 1987,
<br />
<br />plus estimated annual costs for the 1987 calendar year, are as follows:
<br />
<br />INVESTMENT COSTS AND CAPITAL REQUIREMENTS
<br />
<br />1. Preparatory Work.
<br />2. Dam and Reservoir
<br />3. Powerhouse - Civil
<br />4. Powerhouse - Mechanical
<br />5. Powerhouse - Electrical
<br />6. Transmission and Switchyard
<br />
<br />$ 2,790,000
<br />9,392,000
<br />2,281,000
<br />4,550,000
<br />3,860,000
<br />1,880,000
<br />
<br />DIRECT CONSTRUCTION COST
<br />
<br />$24,753,000
<br />
<br />Contingencies
<br />Subtotal .
<br />
<br />3,713,000
<br />$28,466,000
<br />
<br />Engineering and Administration
<br />
<br />3,416,000
<br />
<br />TOTAL CONSTRUCTION COST
<br />
<br />$31,882,000
<br />
<br />Interest During Construction
<br />
<br />3,587,000
<br />
<br />INVESTMENT COST
<br />
<br />$35,469,000
<br />
<br />Escalation
<br />
<br />12,290,000
<br />
<br />TOTAL INVESTMENT COST
<br />
<br />$47,759,000
<br />
<br />Reserve Fund . .
<br />Financing and Legal Costs
<br />Working Capital . . . . .
<br />
<br />4,838,000
<br />1,075,000
<br />80,000
<br />
<br />Total Capital Requirements
<br />
<br />$53,752,000
<br />
<br />- - - - - - - - - - - - - - - -
<br />
<br />- - - - - - - - - - - - -
<br />
<br />ANNUAL COSTS
<br />
<br />Amortization of Debt:
<br />Debt Service . .. ......
<br />Less Interest Credit on Reserve
<br />
<br /> $ 4,904,000
<br /> -532,000
<br /> $ 4,372,000
<br /> 240,000
<br /> 94,000
<br /> 48,000
<br /> 95,000
<br /> $ 477 ,000
<br />. $ 4,849,000
<br />
<br />Net Amortization Costs . . .
<br />
<br />Operating Costs:
<br />Operation and Maintenance
<br />Administrative and General
<br />Insurance . . . . .
<br />Interim Replacement
<br />
<br />Total Operating Costs
<br />
<br />Total Annual Costs . .
<br />
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