Please complete the table below inn Excel accounting for the changes starting at year 2001.

PPA Details The PPA will compensate Gustave Power for providing capacity , delivering energy and providing transmission services to Meralco . The terms of the PPArequire Gustave Power to deliver a minimum of 3 591 715 MWh of electricity for the duration of the PPA . Should Gustave Power not meet its monthly contractual obligations , it must pay Meralco liquidated damages based upon Meralco 's actual electricity needs and whether it can find replacement power . If wer . If Meralco is able to purchase replacement power Gustave will compensate Meralco at a rate of PO . 32 perkWh ; if Meralco is unable to find replacement power , Gustave Power will pay Meralco PO . 62 perkWh Because the PPA is based upon an 83% capacity factor it could generate electricity surplus to the PPA minimum contract delivery amount . Therefore , the PPA provides the option to deliver excess powerto Meralco if the two parties can agree to price and delivery terms . In addition , should Meralco be unable to take the minimum electricity delivery , Gustave Power can deliver the electricity to a third party if one is available ; in this instance , Gustave will credit any payments against Meralco's contract obligations The PPA provides three different services and payments Capacity payment : The capacity payment compensates Gustave power for essentially making the generation capacity available to Meralco . In other words , the capital costs of providing generation . The PPA allocates the fixed charge on a USSO . 0265 per KWh basis and remains fixed for the life of the agreemen Operating payment : This c is covers fixed and variable operating expenses . Each have US dollar and Philippine peso components . The fixed expense operating rate is USSO. 01 per KWh and PO. 034 perkWh plustaxes . The payment will equal the rate times the minimum contract electricity generation rate . Both will escalate according to the U .S and Philippine CP Energy payment : This payment essentially covers the cost of fuel burned by the powerplant The compensation rate , denominated in U .S . dollars , is 1 0723 times the fuel - related cost per MMBtu times net output in KWh times the deemed heat rate , 0.00924 MMBtu perkWh Transmission Contract The transmission contract calls for Gustave Power to permit , site , construct , nstruct , finance and operate the transmission line . But because Philippine law does not allow for foreign ownership of Philippine la -philipp Meralco will acquire the site and then lease it back Gustave Power . Meralco will pay Gustave Power US$72 010 permonth , which will cover the capital costs of building the line . There will also be an operating payment , which will be a straight pass through of operation & maintenance expenses including certain financing fees . Meralco , however , will assume any future maintenance capital expenditures Force majeure . Disaster Recovery Risk and Termination The financing documents require Gustave Power to carry 100% business interruption insurance while the bonds are outstanding . The terms of the insurance cove replacement costs at the marketvalue of Gustave Power Project Case Study PageGustave Power Financial Model Template 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 Revenue Capacity (MWh) 95,182,038 Energy (1.0723 *Coal Cost) 78,454,169 Operating 39,509,525 Sales of Excess Coal (Excess Energy) 435,616 Total Revenue 213,581,347 Operating Expenses (Coal Cost + Operating Cost) 112,673,909 Operating Income (Total Revenue - Op. Expenses) 100,907,438 Annual Debt Service Capital Markets Bond - $250 million 250000000 Interest, coupon 9.12% 22,800,000 Eximbank Loan - $338 million 338000000 Interest, coupon 7.1% 23,998,000 Total Debt Service 46,798,000 Philippine Taxes at 21% of operating income 0 0 0 0 After Tax DSCR 2.16 CPI Escalator 1.01383972 1.24798841 0.9775346 1.00769231 |2.04505954 1.83929836 1.89600901 2.53878339 2.03118764 2.67936917 Exchange Rate (Peso:US Dollar) 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 Coal Cost Escalator (US$ per year) 1.0135 1.02718225 1.04104921 |1.05510337 1.06934727 1.08378346 1.09841454 1.11324313 1.12827191 1.14350358 Coal Cost (US$ per ton) 46 47.0135 48.0406823 49.0817315 50.1368348 51.2061821 52.2899656 53.3883801 54.5016232 55.6298951 56.7733987 Heat Rate (BTU per kWh) 9240 Coal Heat Value (BTU per pound) 10433 Coal Use (pounds per kWh) 0.885651299 Coal Cost (cents per kWh) 0.02036998 Coal Cost ($ per MWh) 20.36997987 Coal Use for Power Generation (tons) 1,590,530.10 Total Coal Purchased (tons) 1,600,000.00 Excess Coal (tons) 9,469.90