Topic:"Depreciation Amortization" in M03632

22 Q. WHAT HAVE YOU ASSUMED ABOUT TAX DEPRECIATION IN THE MODEL? 23 A. We have assumed that 95% of the installed cost of projects in all five resource classes is 24 eligible for depreciation at an accelerated rate consistent with the Class...

AI summary The model assumes 95% of project costs in five resource classes are eligible for accelerated tax depreciation under Class 43.1 rules (50% declining balance, 25% first-year depreciation). Interconnection equipment for COMFIT projects is deemed non-depreciable, along with development costs and reserves.

6 Q. HAVE YOU INCLUDED A RESIDUAL VALUE FOR HYDRO PLANTS AT THE END OF 7 THE COMFIT CONTRACT? 8 A. Yes. Hydro is the only resource class for which we include a significant residual value, 9 and we do this for hydro because of the relativel...

AI summary The respondent confirms residual value for hydro plants is included in COMFIT contracts due to their long useful life. Structures and civil work are assumed to last 50 years, while other equipment lasts 20 years. Estimates from Hatch Energy (25% civil work, 53% electromechanical) and Seaforth Engineering (75% long-life assets) inform the calculation. Depreciation assumptions impact the COMFIT rate by ±1.4%.

The Effect of Steam Demand on the CHP Rate ($2012) S Ca i Fa te ty to am p ac c r 2 0 % 3 0 % 4 0 % 5 0 % 6 0 % Upfront Maintenance (months of Year 1 O&M) 6 Working Capital (months of Year 1 OPEX) 6 Debt Service Reserve (months of P&I) 6 C...

AI summary The document analyzes the financial structure and depreciation allocation for a Combined Heat and Power (CHP) project, including capital sources, debt and equity distribution, tax depreciation methods, and assumptions related to project costs and financial planning.

03-01-2011 Nov a S ia C OM FIT Mo del cot Win d ≤ 50 kW Ca sh Flo w W ork she Top et: Syn e E aps xhi bit I Ope ratin g Ye ar 0 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 Cale nda r Ye ar 2010 2011 2012 2013 2014 2015 2016 2017 201...

AI summary The document presents a depreciation schedule for a COMFIT Model project, outlining tax depreciation rates over a 20-year period starting from 2010. The depreciation follows a 30% double declining method, with rates decreasing annually.

Large Wind (Over 50 kW) Assumptions Notes: 20-yr SL 0.0% 0070 01 116.10 000.0 40-yr SL 0.0% Other 0.0% Non-Depreciable 35.53% Total 100.0% Amount Allocated 30% Double Declining 0 50% Double Declining 2,436,750 20-yr SL 0 40-yr SL 0 Other 0...

AI summary The document outlines depreciation assumptions and operating inputs for a large wind project over 50 kW. It includes details on depreciation methods, asset allocation, annual operating expenses, and revenue assumptions, with a focus on financial modeling and cost allocation.

Total Nov a S ia C OM FIT Mod el cot Lar Win d C ge ash Flo w W ork she et: Top Syn aps e E xhi bit J Ope ratin g Ye ar 0 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 Cale nda r Ye ar 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019...

AI summary The text presents a table with operational and calendar years, along with categories such as tax depreciation and calendar year deviation classification. The table appears to be related to financial planning or accounting, though specific details or arguments are not discussed in the text.

Scenarios in $2012 Va lue fo r S On ly tea m- Gr s V alu e f CH P os or Ne t V alu e f CH P or Debt Service Reserve (months of P&I) 6 Capital Structure (Sources of Funds) • Amount ($) Grants (net value) 0 Debt 4,829,074 Equity 3,219,383 1...

AI summary The text presents a financial scenario from 2012, focusing on capital structure, debt, equity, and tax depreciation allocation for a project. It outlines the sources of funds, debt terms, and depreciation methods used, including the allocation of project costs and year-one depreciation.

Pre-Tax Internal Rate of Return 13.79% Nova Scotia COMFIT Model Biomas s Cash Flo w Worksh eet: Botto m ; Synapse E Exhibit K Dep recia tion Sche dule 0.00 % 50.0 0% 25.0 0% 12.5 0% 6.25 % 3.13 % 1.56 % 0.78 % 0.39 % 0.20 % 0.10 % 0.05 % 0...

AI summary The document provides a depreciation schedule and related expenses for a project, with a pre-tax internal rate of return of 13.79%. The table outlines depreciation percentages and associated costs over time, indicating the financial structure and planning for the project.

Synapse Exhibit L Assumptions: Notes: Major Maintenance This cost is included in routine O&M in cell F12. Replacement Occurs Every X Years 5 Cost of Replacement (Year 0 Dollars) 0 50% Double Tax Depreciation Classification of Spending Decl...

AI summary The text provides a table outlining assumptions related to major maintenance, replacement cycles, depreciation classifications, residual values, and allocated amounts. It includes details on tax and book depreciation classifications and the distribution of allocated costs across different classes.

In-Stream Tidal NOVA SCOTIA COMFIT MODEL in-Stream I idai Assumptions 1 000/ Notes: General Inflation Factor (revenue and expenses) 1.92% From NSPI 2009 IRP Update Capital Costs (Uses of Funds) #050.000 Development $950,000 Equipment & Ins...

AI summary The document outlines the financial assumptions and cost breakdown for an in-stream tidal project in Nova Scotia, including capital costs, financing structure, depreciation allocation, and initial reserve account sizing. The project is fully funded by equity with no debt or grants.

Synapse Exhibit M Assumptions: Notes: Applicable Income (less than X) Tax Rate 1 Tax Rate 2 (for income greater than X) Major Maintenance Replacement Occurs Every X Years Cost of Replacement (Year 0 Dollars) Tax Depreciation Classification...

AI summary The document presents a series of assumptions and notes related to tax rates, depreciation classifications, and maintenance costs. It outlines tax rates for different income levels, the frequency of major maintenance, cost of replacement, and depreciation methods such as double declining and straight-line over 30 years.

100.0% Total annual revenue - amount in A/R at end of year 50 8.3% 4 Capital Costs Non depreciable Depreciable 0 36,818,040 Total 36,818,040 Depreciation Rates - Straight line - years 30.0 Capital Additions Year -Depreciation on capital ad...

AI summary The text presents a detailed breakdown of financial and capital-related data, including total annual revenue, capital costs, depreciation rates, financing structures, debt terms, and corporate tax rates. It outlines the distribution of capital costs between debt and equity, interest rates on loans, and the timeline for debt repayment.

24 Q: Have you previously testified before this Board? 25 A: Yes. I testified in the Board's review of the following cases: - 1 Nova Scotia Power's Demand Side Management Plan for 2010 and 2 Demand Side Management Cost Recovery Rider in Ma...

AI summary The witness has previously testified before the Board in several cases, including Nova Scotia Power's Demand Side Management Plan and proposals related to biomass projects and depreciation rates.

1. The text above is taken from an email of February 9, 2011 from Synapse to Jonathan Barry of Seaforth Energy which included a Word document attachment, the text of which appears exactly as above. Nova Scotia Utility & Review Board FIT Mo...

AI summary The text presents a table from a FIT Model related to small wind projects in Nova Scotia, including details on tax rates, debt terms, amortization periods, interest rates, and depreciation classifications. It provides financial and tax information relevant to the project's cost and benefits.

Q. What should be assumed regarding the existing facilities remaining boiler life? - A. The existing facility boiler life should not be considered as part of the Tariff rate. Although Synapse was not successful in soliciting actual data on...

AI summary The existing facilities' boiler life should not be factored into the Tariff rate. Experts testified that solid fuel boilers have a long lifespan, potentially over 40 years, and existing steam hosts are unlikely to retire their assets for CHP plants unless incentives are provided.

ANSS IR 11. Reference p.11, (cell B44 and Tax Depreciation Worksheet) - (a) Why is it assumed that biomass CHP plants benefit from accelerated depreciation while other technologies do not? - Answer: The biomass CHP rate was calculated assu...

AI summary The document addresses depreciation assumptions for biomass CHP projects under COMFIT, insurance cost assumptions for COMFIT projects, and the allocation of steam-related costs between host facilities and electric ratepayers. Answers clarify that accelerated depreciation applies to taxable corporations, insurance costs are based on preliminary data, and some steam benefits may be shared with ratepayers.

5. Taxation Asset Depreciation - 5.1. Interconnection: If the facility's interconnection infrastructure is of the property of NSPI (regardless it were payable by the small generator), we understand that it should not be considered within t...

AI summary The text discusses the treatment of various costs in asset depreciation for interconnection infrastructure and related expenses. It outlines that interconnection infrastructure, development costs, financing closing costs, and reserves should not be included in the depreciable base and should be treated as first-year expenses or cash guarantees.

7.2. After introducing the aforementioned considerations to the worksheet3 we would obtain the following tariff values for "Large Wind": After Tax Return (year 20) Pre-Tax Return (year 20) Feed in Tariff (year 1) Escalation as of General I...

AI summary The text outlines the calculation of tariff values for 'Large Wind' in worksheet3, including financial details such as debt, equity, grants, interest rates, and depreciation allocations. It provides a breakdown of capital structure, debt terms, and tax depreciation allocation methods for a wind project.

Nova Scotia Utility & Review Board FIT Model Op ting Ye era ar 0 1 2 3 4 5 6 7 8 9 10 11 12 Oc 2 cur ren ce 0 0 0 0 0 0 0 0 0 0 0 0 0 Oc 3 cur ren ce Oc 4 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 cur ren ce Inte Re t on res ser...

AI summary The document presents a table related to the Nova Scotia Utility & Review Board FIT Model, showing depreciation percentages and asset values over a 12-year period. The table includes original assessed values and annual declines in assessed value, indicating a consistent decrease in asset value over time.

- 4. If ESI performed a study to determine the capital cost and O&M costs for an 18,000 pph boiler than one could address all ofthe above issues. Nova Scotia COMFIT Model Biomass CHP (condensing turbi Interest Rate 9.50% Up-Front Fee (%) 1...

AI summary The text discusses a study by ESI to determine the capital and O&M costs for an 18,000 pph boiler. It includes a table with details on interest rates, depreciation, and allocation of costs under the Nova Scotia COMFIT Model for a biomass CHP project.

Biomass CHP (condensing turbine; new boiler in steam-only scenario in year 10) Assumptions Notes: , Loan Life 15 ' ' Interest Rate 9.50% Up-Front Fee (%) 1.00% Up-Front Fee ($) 0 Closing Costs (5% of loan value) (0,70,00,00,00,00,00,00,00,...

AI summary The text outlines a financial and operational analysis of a biomass combined heat and power (CHP) project, including loan assumptions, depreciation allocation, and energy production metrics. It includes details on interest rates, depreciation methods, fuel costs, and capacity factors for the project.

Nova Scotia COMFIT Model O tin Ye pe ra g ar Ca le nd Y ar ea r 0 20 10 1 20 11 2 20 12 3 20 13 4 20 14 Ne t B k V al oo ue Be B ala 0 15 ,77 7, 70 0 14 ,94 7, 29 5 14 ,1 16 ,8 90 gi ing nn nc e O rig ina l B k V al oo ue 16 ,60 8, 10 5 0...

AI summary The text presents a table related to the Nova Scotia COMFIT Model, showing net book value and other financial metrics over several years, including original book value, major maintenance, and depreciation. The data spans from 2010 to 2014.

6.4 Taxes and depreciation

AI summary This section discusses taxes and depreciation, which are important considerations in the regulatory proceedings related to utility operations and financial reporting.

6.4.1 Submissions [89] With respect to income taxes, Synapse made the following assumptions: When analyzing a taxable entity, we apply a federal tax rate of 15%. Information from the Canada Revenue Agency shows that the corporate income ta...

AI summary Synapse outlines assumptions regarding income taxes and tax depreciation. The federal tax rate is projected to decrease to 15% in 2012, while provincial rates apply different percentages to taxable income brackets. Synapse assumes 95% of project costs are eligible for accelerated depreciation under Class 43.1 rules, and interconnection equipment from COMFIT projects is not depreciable.

Large Wind 8-2-11 no tax Page 1 Nova Scotia COMFIT Model Large Wind (Over 50 kW) Closhing Costs 04,400 (676 of four value) Tax Depreciation Allocation % of Total Project Cost 30% Double Declining 0.0% 50% Double Declining 64.5% 95% of hard...

AI summary The text presents a detailed breakdown of depreciation allocation for a large wind project under the Nova Scotia COMFIT Model. It outlines various depreciation methods, their percentages, and allocated amounts, as well as operating inputs such as net generator capacity, energy production, and annual operating expenses.

Page 2 Large Wind 8-2-11 no tax Nov a S ia C OM FIT Mo del cot Ca sh Flo w W ork she Bot et: tom Syn e C aps lian om p ce Lar Win ge d n o ta x Tax Dep recia tion

AI summary The text presents a table with various financial and tax-related terms, including 'Tax Depreciation,' and references the 'COMFIT Model' and 'Large Wind' under a 'no tax' context. The table appears to be part of a financial analysis or reporting structure.

Nova Scotia COMFIT Model Depreciation Worksheet: Bottom Synapse Compliance Large Wind, Taxable Owner Ope ratin Yea g r 0 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 Cale nda r Ye ar 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019...

AI summary The document presents a depreciation worksheet for a large wind project under the Nova Scotia COMFIT Model, focusing on bottom synapse compliance for a taxable owner. It includes operational years and calendar years from 2010 to 2030.

Page 2 Small Wind 8-2-11 no tax Sc CO No otia MF IT M ode l va Ca sh Flo w W ork she et: Bo tto m Sy nap Co se mp Sm lian ce all Wi nd Tax no ar 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028...

AI summary The text appears to be a portion of a financial or accounting model related to small wind energy projects, including cash flow projections and tax considerations. It includes a timeline from 2010 to 2030 and references depreciation and a tax calendar.

Nova Scotia COMFIT Model Depreciation Worksheet: Top Synapse Compliance Small Wind Taxable Owner Ope ratin Yea g r 0 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 Cal end ar Y ear 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020...

AI summary This document presents a depreciation worksheet for the Nova Scotia COMFIT Model, focusing on the Top Synapse Compliance Small Wind Taxable Owner. It outlines a table with years and columns for depreciation calculations over a 20-year period starting from 2010.

Page 2 Biomass 8-2-11 85% availability no fuel Nova Scotia COMFIT Model Cash Flo w worksh eet: Botto om Synapse Complian ice 85% A vailability No Fuel Tax Dep recia tion Cale ndar Yea r De iatio r Cla prec n pe ssific ation (%) Dou ble D e...

AI summary The document presents a COMFIT Model table that outlines depreciation rates for different methods over multiple years, focusing on a biomass project with 85% availability and no fuel. The table includes depreciation rates for double declining methods at 30% and 50% over time.

Biomass CHP Cost Scenarios Synapse Compliance 85% Availability No Fuel Capacity I act 013. Total Project Cost ($/kW) Net of steam-only scenario Initial Reserve Account Sizing 1,011 That or disam only sections Upfront Maintenance (months of...

AI summary The document presents a financial breakdown of a biomass CHP project, including capital structure, grant allocation, depreciation methods, and reserve account sizing. It outlines the project's cost distribution, funding sources, and depreciation allocation across different categories.

Page 2 Biomass 8-2-11 90% availability no fuel Nova Scotia COMFIT Model Cash Flov w workshe et: Botton n Synaps e Complia ance 90% / Availabilit / no Fuel Ann ual Dep recia tion 6,08 3,92 3 1,41 3,22 8 2,11 9,84 2 1,05 9,92 1 529 ,960 264...

AI summary The document contains a table related to the Nova Scotia COMFIT Model, showing annual depreciation and major maintenance costs, along with timing of spending and occurrence data. The table includes figures for cash flow and various financial metrics, with a note on 90% availability and no fuel.

Scenarios in $2012 $ Sc ios in 2 0 1 2 en ar Inte Du ing Co ion t tru t res r ns c $ 8 6, 6 3 2 $ 3 3 0, 4 2 5 $ 2 4 3, 7 9 3 Bo i ler f f ic ien ( ) % e cy 7 0 % 7 0 % $ /y Ro ine Ma inte ( ) t na nce r u $ 1 3 0, 5 5 7 $ 1 7 3, 2 6 4 $ 4...

AI summary This table outlines various financial and operational scenarios from 2012, including figures related to boiler efficiency, maintenance costs, labor expenses, insurance, property taxes, and fuel usage in British Thermal Units (Btu). The data highlights differences between various categories and years.

4/12/11 Exhibit K with corrected heat content of steam Nova Scotia COMFIT Model Biomass CHP (condensing turbine; new b Up-Front Fee ($) 48,708 Closing Costs 243,538 (5% of loan value) Tax Depreciation Allocation % of Total Project Cost 30%...

AI summary The text presents a table related to the Nova Scotia COMFIT Model for a Biomass CHP project, including up-front fees, closing costs, tax depreciation allocation, and year one depreciation calculations. It outlines various depreciation methods, their percentages, and allocated amounts, with assumptions noted.

Nova Scotia COMFIT Model Depreciation worksheet: Top Synapse U-2 Ope ratin g Ye ar 0 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 Cale nda r Ye ar 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2...

AI summary The document presents a depreciation schedule for the Nova Scotia COMFIT Model, outlining different depreciation methods over a 20-year period, including double declining (30% and 50%), and straight-line (20-year SL). The schedule details annual depreciation rates for each method.

4.0 Study Deliverables The cost of generating electricity can be categorized into 4 principal components; capital cost, non-fuel O&M, fuel cost and financing. The purpose of this study is to determine values for the capital cost, non-fuel...

AI summary This section outlines the study's deliverables, focusing on determining capital cost, non-fuel O&M, and operating parameters of the plant. Wood fuel cost and financing details will be sourced externally, including target return on equity, capital structure, amortization, and tax considerations.

Table 1. The Impacts of the Changes Analyzed in U-2, U-6 and U-6(a) Change Analyzed Fixed Component ($/MWh) Variable Component ($/MWh) Full 2012 Rate ($/MWh) Total Sources of Funds 9,425,351 % of Levelized Rate Escalating @ Infl. 0.0% Amou...

AI summary Table 1 outlines the financial impacts of changes analyzed in U-2, U-6, and U-6(a), including fixed and variable components, debt and equity ratios, tax rates, and depreciation classifications. It provides details on sources of funds, return metrics, and financial incentives.

Scenarios in $2012 Val for Ste -On ly ue am Gro ss V alu e fo r C HP Net Va lue for CH P Non-Depreciable 2,837,051 40-yr SL Total 9,410,596 Non-Depreciable 1 Year One Depreciation 3,410,000 Total 9,410,596 1 Year One Percent 25.00/ (Paced...

AI summary The text presents a table with financial data related to depreciation and valuation scenarios from 2012. It includes values for non-depreciable assets, total values, year one depreciation, and percentages based on the 'half year rule'.

Nova Scotia COMFIT Model Synapse U-6 Capital Structure Closing Costs - (5% of loan value) Cost of Replacement (Year 0 Dollars) 356,720 Closing Costs U (5% of loan value) Cost of Replacement (Teal o Dollars) 50% Double Tax Depreciation Allo...

AI summary The text provides a detailed breakdown of the Nova Scotia COMFIT Model, focusing on capital structure, depreciation classifications, and project cost allocations. It includes figures for closing costs, tax depreciation allocation, and book depreciation classifications, as well as the distribution of project costs across different depreciation categories.

Nova Scotia COMFIT Model Depreciation worksheet: Top Ope ratin Yea g r 0 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 Cal end ar Y ear 2010 201 1 2012 2013 2014 2015 2016 2017 2018 2019 2020 202 1 2022 2023 2024 2025 2026 2027 2028 2...

AI summary The document presents a depreciation worksheet for the Nova Scotia COMFIT Model, showing depreciation rates over time for different classifications, including 30% and 50% double-declining methods and a 20-year straight-line method.

4/12/11Synapse U-6 Parasitic Loads 14% Nova Scotia COMFIT Model Cash Flo w worksh eet: Botto m Synapse e U-6 Para sitic Load s at 14% Cale nda r Ye ar 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 202...

AI summary The text presents a portion of the Nova Scotia COMFIT Model, focusing on parasitic loads at 14% and includes a calendar year table with tax depreciation and classification information. The COMFIT Model is related to cost of money, financing, and investment tracking.

Nova Scotia COMFIT Model Depreciation worksheet: Bottom Synapse U-6 Parasitic Loads at 14% Ope ratin g Ye ar 0 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 Cale nda r Ye ar 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021...

AI summary This document presents a depreciation worksheet from the Nova Scotia COMFIT Model, focusing on Bottom Synapse U-6 Parasitic Loads at 14%. It includes a table with operating years and corresponding calendar years from 2010 to 2030.

Scenarios in $2012 fo r S On Va lue tea ly m- Gr e f CH s V alu P os or e f CH Ne t V alu P or State and Federal Incentives 0 State/Provincial Tax 1 0 State/Provincial Tax 2 0 Federal tax 0 - Net Value of Grants U Debt Terms Amount 4.040.0...

AI summary The text presents a table outlining various financial and tax-related scenarios from 2012, including incentives, taxes, debt terms, loan details, and depreciation allocation. It includes figures related to loan amounts, interest rates, fees, and depreciation methods.

Beginning Balance 0 7,702,001 7,296,632 6,891,264 6,485,895 6,080,527 5,675,158 5,269,790 4,864,421 4,459,053 4,053,685 3,864,037 3,350,808 2,891,509 2,459,176 2,040,325 1,628,215 1,219,476 812,422 406,211 Original Book Value 8,107,369 000...

AI summary The document presents financial data and assumptions related to the Nova Scotia COMFIT Model for a Biomass CHP project, including beginning balance, original book value, depreciation, net book value, and project cost details. It outlines capital costs, financing, and reserve account sizing assumptions.

Nova Scotia COMFIT Model Large Wind (Over 50 kW) Synapse U-7 Nova Scotia Comfit Model Large wind (Over 50 kw) 1 Synapse U-7 State/Provincial Tax 2 0 Tax Rates: Federal tax 0 Federal Income Tax 15.0% Net Value of Grants 0 State/Provincial I...

AI summary The document presents a detailed financial model for a large wind project in Nova Scotia, including tax rates, debt terms, amortization periods, interest rates, and depreciation allocations. It outlines the financial structure and cost considerations for the project.

After-Tax Internal Rate of Return 16.50% Nova Scotia COMFIT Model Cash Flow worksheet: Bottom Sy Synapse U-7 Dou ble D eclin ing 50% 50.0 0% 25.0 0% 12.5 0% 6.25 % 3.13 % 1.56 % 0.78 % 0.39 % 0.20 % 0.10 % 0.05 % 0.02 % 0.01 % 0.01 % 0.00...

AI summary The document presents a table showing different depreciation methods and their corresponding rates over time, including a 20-year straight-line (SL) method and a double declining balance method with varying percentages. The after-tax internal rate of return is listed as 16.50%.

Up-Front Fee (%) 1,00% 1,890 18,890 18,890 Closing Costs 94,450 (5% of loan value) Cost of Replacement (Year 0 Dollars) 50% Double Declining 0,0% Solve Depreciation Allocation Solve Depreciation

AI summary The text provides a table with financial details related to a wind project, including an up-front fee, closing costs, and depreciation methods. It includes percentages, dollar amounts, and allocation methods for depreciation.

Nova Scotia COMFIT Model Depreciation worksheet: Top Synapse U-8 Ope ratin g Ye ar Cale nda r Ye ar 0 2010 1 2011 2 2012 3 2013 4 2014 5 2015 6 2016 7 2017 8 2018 9 2019 10 2020 11 2021 12 2022 13 2023 14 2024 15 2025 16 2026 17 2027 18 20...

AI summary The document presents a depreciation schedule for the Nova Scotia COMFIT Model, detailing different depreciation methods including 30% and 50% double declining, as well as a 20-year straight-line method, with corresponding percentages for each year from 2010 to 2030.

Biomass CHP (condensing turbine; new boiler in steam-only scenario in year 10) Assumptions Notes: , Loan Life 15 ' ' Interest Rate 9.50% Up-Front Fee (%) 1.00% Up-Front Fee ($) 0 Closing Costs (5% of loan value) (0,70,00,00,00,00,00,00,00,...

AI summary The text outlines financial and operational assumptions for a biomass combined heat and power (CHP) project, including loan terms, depreciation allocations, and energy production metrics. It details the project's capacity, fuel requirements, and operating expenses, with a focus on financial modeling and depreciation methods.

Nova Scotia COMFIT Model O tin Ye pe ra g ar Ca le nd Y ar ea r 0 20 10 1 20 11 2 20 12 3 20 13 4 20 14 Ot he r 0 0 0 0 0 M ajo r M ai nt en an ce An al De iat ion nu pr ec 13 ,52 7, 11 2 0 3, 27 4, 02 8 0 4, 91 1,0 42 0 2, 45 5, 52 1 0 1,...

AI summary The Nova Scotia COMFIT Model table outlines maintenance and occurrence expenses over several years, showing changes in major maintenance analysis, occurrence classifications, and deviation percentages from 2010 to 2014. The data highlights increasing deviation percentages and associated financial figures.

Darren Hartlen P.Eng Direct: 902 421 7241 E-Mail: [email protected] Nova Scotia Utility & Review Board FIT Model Biomass CHP condensing turbine; Biomass CHP condensing turbine Net Value of Grants 0 State/Provincial Income Tax Debt Terms Tax...

AI summary The document provides financial and operational details for a biomass CHP condensing turbine project, including loan terms, tax depreciation classifications, and cost allocations. It outlines the project's financial structure, depreciation methods, and associated maintenance and replacement costs.

Beginning Balance 0 22,074,956 20,913,117 19,751,277 18,589,437 17,427,597 16,265,757 15,103,917 13,942,078 12,780,238 11,826,068 10,560,393 9,346,636 8,158,837 6,984,018 5,815,689 4,650,604 3,487,142 2,324,491 1,162,245 Original Book Valu...

AI summary The text presents a detailed financial table showing the beginning balance, original book value, major maintenance, depreciation, and net book value over multiple periods. It reflects the financial changes in an asset's value over time, including adjustments for depreciation and maintenance.

Tax Depreciation Allocation Tax Depreciation Classification of Spending Declining

AI summary The document outlines a tax depreciation allocation and classification of spending, specifically noting a declining category. It appears to be a financial or accounting-related table from a regulatory proceeding.

Page 4 of 6 NS_COMFIT_Biomass_87% Cost Allocation.xls Beginning Balance 0 36,811,033 34,873,610 32,936,188 30,998,765 29,061,342 27,123,919 25,186,496 23,249,074 21,311,651 19,581,898 17,540,640 15,551,300 13,587,918 11,637,516 9,693,604 7...

AI summary The text provides a detailed breakdown of the beginning balance, original book value, major maintenance, depreciation, and net book value over multiple periods. It reflects financial tracking for a specific asset, likely related to a regulatory proceeding involving cost allocation.

3 sections that calculate: - Revenue (from energy sales) - Expenses (O&M, insurance, taxes) - Debt repayment

AI summary The text outlines three key sections for calculation: revenue from energy sales, expenses including O&M, insurance, and taxes, and debt repayment. These sections are likely used for financial reporting or regulatory analysis.

Wind Pricing Model Assumptions: Notes: Property Tax Depreciation rate 4.00%

AI summary The document presents a Wind Pricing Model with an assumption of a 4.00% property tax depreciation rate. This rate is a key factor in financial modeling for wind energy projects, influencing cost calculations and investment considerations.

Depreciation Summary Schedule Amount Federal ITC Amount Federal ITC Basis Disallowance Remaining Basis After Disallowance 5 Year MACRS 4,398,500 1,319,550 659,775 3,738,725 15 Year MACRS 231,500 231,500 20 Year MACRS 0 20 Year SL 155,093 1...

AI summary The depreciation summary outlines the breakdown of depreciation schedules, including amounts, federal ITC disallowance, and remaining basis after disallowance for various assets and projects.

6.4 Taxes and depreciation

AI summary This section of the regulatory proceeding document addresses the topics of taxes and depreciation, which are important considerations in the financial and accounting practices of utility companies.

6.4.1 Submissions [89] With respect to income taxes, Synapse made the following assumptions: When analyzing a taxable entity, we apply a federal tax rate of 15%. Information from the Canada Revenue Agency shows that the corporate income ta...

AI summary Synapse outlines its assumptions regarding income and tax depreciation for a taxable entity, including federal and provincial tax rates, and the application of accelerated depreciation rules under Class 43.1. It also notes that interconnection equipment for COMFIT projects is not depreciable for tax purposes.

Large Wind 8-2-11 no tax Page 1 Nova Scotia COMFIT Model Large Wind (Over 50 kW) Closhing Costs 04,400 (676 of four value) Tax Depreciation Allocation % of Total Project Cost 30% Double Declining 0.0% 50% Double Declining 64.5% 95% of hard...

AI summary The document outlines the COMFIT Model for Large Wind projects in Nova Scotia, detailing depreciation allocation, tax considerations, and operating inputs. It includes details on tax depreciation methods, allocation percentages, and assumptions related to energy production and operating expenses.

Page 2 Large Wind 8-2-11 no tax Nov a S ia C OM FIT Mo del cot Ca sh Flo w W ork she Bot et: tom Syn e C aps lian om p ce Lar Win ge d n o ta x 50% Dou ble D eclin ing 50.0 0% 25.0 0% 12.5 0% 6.25 % 3.13 % 1.56 % 0.78 % 0.39 % 0.20 % 0.10...

AI summary The document presents a COMFIT model table showing a 50% double declining depreciation schedule with decreasing percentages over time, indicating a tax model related to large wind energy projects in Nova Scotia.

Nova Scotia COMFIT Model Depreciation Worksheet: Bottom Synapse Compliance Large Wind, Taxable Owner Ope ratin Yea g r 0 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 Cale nda r Ye ar 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019...

AI summary The document presents a depreciation worksheet for a large wind project under the Nova Scotia COMFIT Model, focusing on bottom synapse compliance for a taxable owner. It includes a table with operating years and calendar years spanning from 2010 to 2030.

Page 2 Small Wind 8-2-11 no tax Sc CO No otia MF IT M ode l va Ca sh Flo w W ork she et: Bo tto m Sy nap Co se mp Sm lian ce all Wi nd Tax no ar 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028...

AI summary The text appears to be a table related to financial modeling, potentially involving cash flow, depreciation, and tax considerations for a small wind project. The years listed suggest a long-term financial projection, possibly for a renewable energy initiative.

Nova Scotia COMFIT Model Depreciation Worksheet: Top Synapse Compliance Small Wind Taxable Owner Ope ratin Yea g r 0 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 Cal end ar Y ear 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020...

AI summary The document presents a depreciation worksheet for a small wind taxable owner under the Nova Scotia COMFIT Model. It includes a table with operating years and corresponding calendar years from 2010 to 2030, likely used for financial planning and compliance purposes.

Page 2 Biomass 8-2-11 85% availability no fuel Nova Scotia COMFIT Model Cash Flo w worksh eet: Botto om Synapse Complian ice 85% A vailability No Fuel Tax Dep recia tion Cale ndar Yea r De iatio r Cla prec n pe ssific ation (%) Dou ble D e...

AI summary The text presents a table from the Nova Scotia COMFIT Model showing depreciation rates for different methods over multiple years, specifically focusing on a biomass project with 85% availability and no fuel considerations.

Biomass CHP Cost Scenarios Synapse Compliance 85% Availability No Fuel Capacity I act 013. Total Project Cost ($/kW) Net of steam-only scenario Initial Reserve Account Sizing 1,011 That or disam only sections Upfront Maintenance (months of...

AI summary The text presents a detailed financial and depreciation breakdown for a biomass combined heat and power (CHP) project, including capital structure, funding sources, grant allocations, loan terms, and depreciation methods. The project is analyzed under the context of 85% availability and no fuel costs.

Page 2 Biomass 8-2-11 90% availability no fuel Nova Scotia COMFIT Model Cash Flov w workshe et: Botton n Synaps e Complia ance 90% / Availabilit / no Fuel Ann ual Dep recia tion 6,08 3,92 3 1,41 3,22 8 2,11 9,84 2 1,05 9,92 1 529 ,960 264...

AI summary The text presents a table from the Nova Scotia COMFIT Model, showing annual depreciation and major maintenance costs, along with timing of spending and occurrence data. It includes figures related to cash flow and availability at 90% with no fuel.

- I believe the change on that would be - extremely small to take a cost item that that's small and - just change the depreciation. The impact on the rate is - going to be quite small but I'm happy to look at that. - MR. DOEHLER: We may co...

AI summary The discussion centers on depreciation assumptions for property tax calculations, with a mention of a one percent annual depreciation rate applied to assessable equipment. The conversation touches on the Board's familiarity with property tax assessments and the lack of market adjustments in the calculation method.

- grossed up to current value and then depreciated. Page 444 NSUARB-BRD-E-R.10 1 And so that depending on the cost in 2 that year of replacing that equipment based on the cost of 3 steel, the cost of labour, you know however things are 4 g...

AI summary The discussion revolves around the assessment of plant value, considering replacement costs and depreciation over time. It notes that the net effect of these factors results in a 1 percent decline in the assessed value of equipment over the long term, with clarification that machinery and equipment are not subject to property taxes in certain tariffs.