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Carter Lake Hydroelectric Project. Presented to CREA Energy Summit By Carl Brouwer October 2011. Carter Lake Outlet Bypass Addition. Capacity: 250 cfs Completed 2008 Cost: $12M. Project Layout. Project Particulars. 2 -1,300 KW Francis Turbines 480 volt generators and controls
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Carter Lake Hydroelectric Project Presented to CREA Energy Summit By Carl Brouwer October 2011
Carter Lake Outlet Bypass Addition Capacity: 250 cfs Completed 2008 Cost: $12M
Project Particulars • 2 -1,300 KW Francis Turbines • 480 volt generators and controls • 85 foot x 38 foot Powerhouse • 2oo feet of 72-inch Penstock • Connection to St. Vrain Canal • Connection to PVREA
USBR Lease of Power Privilege Initiate LOPP Process USBR Advertises in Fed. Register Prepare Proposal 1 Month USBR Proposal Review 2 Months 6 Months Preliminary LOPP • Replaces FERC on USBR Facilities • Requires EA • Approx. 1 – 1.5 Years • Approx. $5/MWhr • 40 Year Term 2 Months Final LOPP 1 Months 3 Months
Project Costs *Does not include permitting, feasibility, pre-design, and turbine design of $500k
Project Economics • Present Value of Costs: $8,300,000 • Present Value of Revenue: $13,400,000 • Net Present Value of Project: $5,100,000 • Benefit/Cost Ratio: 1.6
Financing • $2,000,000: 2%, 20-Year-Colorado Water Resources and Power Development Authority • $4,700,000: 2%, 20-Year, Internal Loan from Northern Water to New Hydropower Enterprise • Loan Repayment Based Upon Revenue-Only • Includes 1-Year Debt Service in Reserve (Rainy Day Fund)