Below are the assumptions agreed for booking the New Albany spread option:  EPMI East Power Book pays New Albany a fixed demand charge for the next 5  years as follows:  2001 $4.72/k/mo 2002 $4.63/kw/mo 2003 $4.54/kw/mo 2004 $4.45/kw/mo 2005 $4.36/kw/mo  As consideration for the demand charge, EPMI has the right to "toll" gas  through the facility and receive power in return at a fixed heat rate  conversion factor of 12.5 MMBtu/Mwh.
In addition EPMI will pay New Albany  $1000 per start (for maintenance reserve fund) and $1.00/Mwh for variable  operating costs.
The New Albany, LLC will receive an 8% return on capital.
Book value will  be depreciated from $409/kW basis on 1/1/2001 to $336/kW on 12/31/2005.
The facility output assumption is 360 MW with a 95% availability in the  summer and 75% availability in the winter.
Jenny - Please revise the booking of New Albany in Rogers book effective  tonight.

New Albany Booking

Below are the assumptions agreed for booking the New Albany spread option: EPMI East Power Book pays New Albany a fixed demand charge for the next <NUMBER> years as follows: <NUMBER> <CUR><NUMBER>/k/mo <NUMBER> <CUR><NUMBER>/kw/mo <NUMBER> <CUR><NUMBER>/kw/mo <NUMBER> <CUR><NUMBER>/kw/mo <NUMBER> <CUR><NUMBER>/kw/mo As consideration for the demand charge, EPMI has the right to "toll" gas through the facility and receive power in return at a fixed heat rate conversion factor of <NUMBER> MMBtu/Mwh.
In addition EPMI will pay New Albany <CUR><NUMBER> per start (for maintenance reserve fund) and <CUR><NUMBER>/Mwh for variable operating costs.
The New Albany, LLC will receive an <NUMBER>% return on capital.
Book value will be depreciated from <CUR><NUMBER>/kW basis on <NUMBER>/<NUMBER>/<NUMBER> to <CUR><NUMBER>/kW on <NUMBER>/<NUMBER>/<NUMBER>.
The facility output assumption is <NUMBER> MW with a <NUMBER>% availability in the summer and <NUMBER>% availability in the winter.
Jenny - Please revise the booking of New Albany in Rogers book effective tonight.
charge epmi mmbtu mwh output assumption right toll gas facility receive book pays new albany spread option start maintenance fixed heat rate