THE APPLICATION OF KENTUCKY POWER

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3. After-Tax Weighted-Average Cost of Capital Estimate....................................... 40 D. Interest During Consti-uction........................................................................................ 41 VII. Summary of Capital, Fixed, and Levelized Costs............................................................. 42 A. Total Capital Costs...................................................................................................... -42 B. TotalFixedO&MCosts............................................................................................... 43 C. L.evelized Cost of New Entry....................................................................................... 44 Bibliography ................................................................................................................................. 48 ListofAcronyms.......................................................................................................................... 53 Appendix A.CH2M HILL, Simple-cycle Cost Estimates ...................................................... A-1 Appendix A.1. Simple-cycle Plant Proper Cost Estimate Report.................................. A-2 Appendix A.2. Layout Drawing for Dual-fuel CT with SCR...................................... A-28 AppendixA.3. ProjectScheduleforDual-fuelCTwithSCR..................................... A-30 Appendix A.4. Cost Detail for CT with SCR in CONE Area 1................................... A-32 Appendix A.5. Cash Flow Schedule for CT with SCR in CONE Area 1.................... A-36 Appendix B.CH2M HILL Combined-cycle Cost Estimates . B-1 Appendix B.1. Combined-cycle Plant Proper Cost Estimate Repoi-t.............................. B-2 Appendix B.2. Layout Drawing for Dual-fuel CC ....................................................... B-31 AppendixB.3. ProjectScheduleforDual-fuelCC....................................................... B-33 Appendix B.4. Cost Detail for CC in CONE Area 1 .................................................... B-36 Appendix B.5. Cash Flow Schedule for CC in CONE Area 1 ..................................... B-40 Appendix C.Wood Group O&M Cost Estimates .................................................................. C-1 Acknowledgements The authors would like to thank David Chewer. Rod Gai-tner. and others at CH2M HILL for providing their rigorous analysis of engineering costs and for contributing their expertise in generation development to nuinerous other aspects of our analysis. We would also like to thank the PJM staff and Wood Group for their cooperation and responsiveness to our many questions and requests. Opinions expressed in this report. as well as any ei-rors or omissions. are the authors’ alone. .. 11

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