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Risks to FinCo TW Credit Risk ECS/ECT Credit Risk Power Utility Performance Risk. Debt. Equity. Issues Potential leakage to FinCo: Escalation Demand Charge Avoidance Right of LP to remove GP without cause. 97%. 3%. FinCo. ECS. 81% LP. 19% GP. EPC Contractor.
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Risks to FinCo • TW Credit Risk • ECS/ECT Credit Risk • Power Utility Performance Risk Debt Equity • Issues • Potential leakage to FinCo: • Escalation • Demand Charge Avoidance • Right of LP to remove GP without cause 97% 3% FinCo ECS 81% LP 19% GP EPC Contractor $5.1 MM for two powertrains Turnkey Fuel Gas & Annual Charge ECS LLC/LP $ $ Fuel Gas NTUA TW PNM Shipper e- e- HP-Hours Transportation $ Fuel Gas O&M Services $ $ ECT ECS TW Gas 100% Owned • Annual Charge = • O&M • Utility Demand Charge- flat $66,000/month • Taxes-Sales Tax= 5.6% • Customer Charge: $200/month • Customer Charge: $100,000/yr (paid in July) ECT