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Carbon Free Power Project Update.pdf

UAMPS Talking Points _ Class 3 _ 20230102 _ Final.pdf

Preview of Carbon Free Power Project Update

🔗 Source: ieefa.org

📊 Size: 217 KB

👤 Author: LaVarr Webb

⬇️ Downloads: 175

Summary

The Carbon Free Power Project has reached a milestone with the receipt of the Class 3 Project Cost Estimate, which refines the total cost of the project. The Economic Competitiveness Test resulted in a Levelized Cost of Energy exceeding the target price, allowing UAMPS to withdraw from the project. A revised Budget and Plan of Finance and an amended Development Cost Reimbursement Agreement have been negotiated. Costs increased due to external factors, including inflationary pressures and interest rate increases. Despite cost increases, the project remains cost-competitive and needed as a carbon-free resource. The amended agreement establishes a new target and provides for reimbursement in case of project termination. The project schedule remains unchanged, with construction to begin in 2026 and all modules in service by 2030. The total cost of acquisition and construction is estimated at $9.3 billion, with a net cost of $5.1 billion. An off-ramp period is in effect until February 17, 2023.

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Description

The Carbon Free Power Project has reached a milestone with the receipt of the Class 3 Project Cost Estimate, which refines the total cost of the project.

Technical Information

File Format: PDF
File Size: 217 KB
Pages: 2
Language: EN
Author: LaVarr Webb
Total Downloads: 175
Last Updated: 1 week ago

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