From: To: Cc: Bcc: Subject: Date: Attachments: Aiken, Sam <aiken@tamascorp.com> Larua Fanelli <lfanelli@tamascorp.com> Fitzsimmons, Casey <fitzsimmons@tamascorp.com> McHugh, Sean <mchugh@tamascorp.com> Check this out Fri Nov 28 2008 01:06:00 PST 000000003A214396F78F5E4B92DB85A8D15EFBBC44012100.#1.ECT0223a.xls 000000003A214396F78F5E4B92DB85A8D15EFBBC44012100.#2.ECT0223b.xls Clearwell Systems, Inc., a leader in intelligent e-discovery, today announced that it achieved profitability during the first fiscal quarter of 2009 due to record bookings and revenues. Revenues in Q1 2009 increased by more than 250 percent over the corresponding fiscal period last year. Bookings, defined as the value of new orders received, increased by 73 percent in the quarter when compared to the fourth quarter of 2008.
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000000003A214396F78F5E4B92DB85A8D15EFBBC44012100.#1.ECT0223a.xls for Printed Item: 1 ( Attachment 1 of 2) UAE Lowell Power Expansion Equipment Performance 5 - GE/S&S LM6000 Units Single LM6000 Unit Ambient vs. Front End Simple Cycle 0 o F 60 o F DLE Spr. w/ WI Spr. w/ SI DLE General Plant Performance D Generator Power, MW S 48.76 48.76 44.28 Gross Heat Rate, Btu/kWh (LHV) & 8338 8338 8261 Gross Heat Rate, Btu/kWh (HHV) (3) S 9264 9264 9179 Gross Heat Rate Adjusted for Steam Use, Btu/kWh (HHV) na 10132 na Fuel Flow, mmbtu/hr (LHV) 406.56 406.56 365.80 Fuel Flow, mmbtu/hr (HHV) 451.28 451.28 406.03 Chilling Requirements, tons R 0 0 210 Water Injection Flow, pph u 20548 0 0 Steam Injection Flow, pph n 0 33500 0 Sprint Water Injection Flow, pph s 0 0 0 Aux Load (kw) (2) 1200 1200 1200 Chiller Aux. Load (kw) 0 0 272 Net Power Output, MW @ 47.56 47.56 42.808 NOx, ppm 2 25 25 25 NOx, pph 0 41 41 37 CO, ppm o F 80 80 25 CO, pph 80 80 22 Expected DEP NOx Emission Rate, ppm 2 2 2 Reduction Required 92% 92% 92% Expected DEP NOx Emission Rate, lb/mmbtu 0.0074 0.0074 0.0074 Expected DEP NOx Emission Rate, lb/hr 3.0 3.0 3.3 Expected DEP CO Reduction Rate, % 90% 90% 90% Expected DEP CO Emission Rate, ppm 8 8 2.5 Notes: 1Spray Intercooling (Sprint) is not currently available with DLE combustors. 2Auxiliary load includes fuel compression, misc. GT auxiliaries, and transformer losses 3Gross heat rate as a function of the HHV of the fuel plus degradation
000000003A214396F78F5E4B92DB85A8D15EFBBC44012100.#1.ECT0223a.xls for Printed Item: 1 ( Attachment 1 of 2) 90 o F Spr. w/ WI Spr. w/ SI DLE Spr. w/ WI Spr. w/ SI 46.13 47.35 44.32 46.04 47.25 8557 7934 8260 8555 7938 9508 8816 9178 9506 8820 na 9666 na na 9664 394.73 375.67 366.08 393.87 375.07 438.16 417.00 406.35 437.20 416.33 208 212 1892 1590 1905 20835 0 0 20593 0 0 31883 0 0 31578 2445 2445 0 2445 2445 1200 1200 1200 1200 1200 271 273 1449 1238 1459 44.66 45.88 41.67 43.60 44.59 25 25 25 25 25 40 38 37 40 38 29 23 25 28 23 28 22 22 27 21 2 2 2 2 2 92% 92% 92% 92% 92% 0.0074 0.0074 0.0074 0.0074 0.0074 3.2 3.2 3.3 3.1 3.1 90% 90% 90% 90% 90% 2.9 2.3 2.5 2.8 2.3
000000003A214396F78F5E4B92DB85A8D15EFBBC44012100.#1.ECT0223a.xls for Printed Item: 1 ( Attachment 1 of 2) UAE Lowell Power Expansion Technology Comparison 5 - GE/S&S LM6000 Units Yearly Revenue/Cost Variances per DLE Combustor w/ Inlet Chilling DLE Capital Recovery ($1.1m over 15 yr. @ 11%) (1) $121,000 Chiller Cost (90 o F, electric @ $0.03/kw-hr, 2500 hrs) $108,705 Sprint Water Injection (@100 o F & $1.40/100 cu. ft.) $0 Water Injection (@100 o F & $1.40/100 cu. ft.) $0 Steam Injection (550 psig, 75 o F sprht, 1263 Btu/lb) $0 Major Maintenance $264,650 Water Treatment Capital Recovery ($200,000 over 15 yr. @ 11%) $0 Water Treatment Variable Cost ($0.0025/gal for chemical, 2500 hrs.) $0 Fuel Cost ($3/mmBtu & 2500 hrs.) $3,047,643 Capacity Payment ($6/kw-mo w/ DLE Unit as datum) $0 Total First Year Cost $3,541,998 Operating Hours 2500 (1) Price differential between machines equipped with a DLE Combustor and those with the Sprint Technology is $1.1 m ($1.4 m for DLE, $0.3 fo (2) General assumption of 2500 hrs. operating (3) Steam injection rates of over 30,000 lbs/hr can not be handled by existing systems
000000003A214396F78F5E4B92DB85A8D15EFBBC44012100.#1.ECT0223a.xls for Printed Item: 1 ( Attachment 1 of 2) Sprint w/ Water Injection Sprint w/ Steam Injection (3) w/ Inlet Chilling w/ Inlet Chilling $0 $0 $92,850 $109,388 $1,378 $1,378 $11,741 $0 $0 $358,947 $224,871 $231,000 $22,000 $22,000 $15,432 $23,665 $3,278,986 $3,122,462 -$133,301 -$220,939 $3,513,957 $3,647,900 r Sprint)
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000000003A214396F78F5E4B92DB85A8D15EFBBC44012100.#2.ECT0223b.xls for Printed Item: 1 ( Attachment 2 of 2) UAE Lowell Power Expansion PRELIMINARY DATA; ENGINEERING STUDY UNDERWA Capital Cost Breakdown ($ = 000's) 5x GE LM 6000 Base Package - Simple Cycle DLE Combustor 0(1=yes, 0=no) Feb 23 Meeting with Enron Capital and Trade Lowell Expansion Gas Turbine Package Equipment Installation Total Gas Turbine Generator $69,000 $1,000 $70,000 Sprint Package Adder (unavail w/dle) $1,500 $0 $1,500 Inlet Air Chiller $3,800 $250 $4,050 Switchgear/MCC/Relays/Breaker Set $1,000 $250 $1,250 Stack(s)/Noise Attenuation/Buildings $1,250 $250 $1,500 Water Tube Oil Cooler $0 $0 $0 Freight $500 $0 $500 Spare Parts Inventory $350 $0 $350 Total Base Package $77,400 $1,750 $79,150 Emissions Controls Vanadium-Titanium SCR (to 2 ppm NOX) $4,600 $250 $4,850 CO Oxidation Catalyst (to 10ppm CO) $1,000 $100 $1,100 Dry Low Emissions (DLE) Combustor Adder $0 $200 $200 $5,600 $550 $6,150 Balance Of Plant Pads and Grading $1,200 $400 $1,600 Fuel Gas Compressors $1,000 $250 $1,250 Control Room (upgrade to existing unit) $250 $100 $350 Controls For Remote Operation $50 $50 $100 Demin Water Treatment (for Sprint/Water Inj) $500 $100 $600 Fire Protection $300 $100 $400 Cooling Tower for Chiller $1,200 $350 $1,550 Ammonia System (Tanks, Unldg./Fwdg. Pumps) $250 $50 $300 Step-Up Transformer(s) $1,500 $300 $1,800 Piping $300 $120 $420 Wiring $700 $450 $1,150 Continuous Emissions Monitoring $550 $150 $700 Other $0 $0 $0 Total Emissions and BOP $13,400 $2,970 $16,370 Total EPC $95,520 Owner's Cost Air Permitting $500 Air Permit Fees $25 Boston Gas Upgrades $2,000 Utility Connection Cost (NEP) $750 Interconnect Study (NEP) $250 Property Purchase $1,000 Water/Sewer Connect $200 Phase I/Phase II Environmental Review $35 Engineering Plant Specification $50 Engineering (Studies/Services/Conceptual) $75 Development/Construction Management $600
000000003A214396F78F5E4B92DB85A8D15EFBBC44012100.#2.ECT0223b.xls for Printed Item: 1 ( Attachment 2 of 2) Interest During Construction $3,220 Misc. Permits/Fees Legal Fees $500 Bank Fees $500 Emissions Offsets $350 Working Capital $2,500 Miscellaneous Consultants $100 Owner's Contingency (3% of EPC) $2,866 Total Owner's $15,521 Commissioning Site Infrastructure (roads, landscape, neighbors) $250 Start Up $500 Total Commissioning $750 Total Base Package $79,150 BOP $16,370 Sales Tax (5.0%) $4,540 Owner's Cost $15,521 Other Costs $750 Total Capital Cost $116,331 ISO Output (MW) 227.5 $/kw $511 DLE Estimated Output at 90 deg F 221.6 Sprint/Water Inj Estimated Output at 90 deg F 227.5
000000003A214396F78F5E4B92DB85A8D15EFBBC44012100.#2.ECT0223b.xls for Printed Item: 1 ( Attachment 2 of 2) Y TO CONFIRM ASSUMPTIONS GT Pro $70,000 $0 $1,500 $4,278 ($228) $770 $480 $1,500 $0 $500 $250 $100 $75,298 $3,852
000000003A214396F78F5E4B92DB85A8D15EFBBC44012100.#2.ECT0223b.xls for Printed Item: 1 ( Attachment 2 of 2)
000000003A214396F78F5E4B92DB85A8D15EFBBC44012100.#2.ECT0223b.xls for Printed Item: 1 ( Attachment 2 of 2) United American Energy Lowell Power Expansion Feb 23 Meeting with Enron Capital and Trade PRELIMINARY ECONOMIC ANALYSIS Operations Summary FIXED COSTS Labor 100add one+ maintenance Annual Inspection of Gas Turbines 100 Fixed - maint & consum 194per S&S Operator Fee 100 G&A Property & BI Insurance 400 Replacement Power Insurance discuss Real Property Taxes 500same as existing PILOT Water Supply/Discharge 100cooling tower Interconnect and NEPOOL Fees 150 Audit/Miscellaneous 50 NOx Budget 75 Asset Mgt. Cost 100 1,869 VARIABLE COSTS $/mwhr Cost Energy hrs/yr Capacity LM6000 $ 2.32 1,259 542,943 2,450 222 Consumables $ 0.15 84 542,943