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. <br /> EWEB Energy Smart Program -ESPA Exhibit.2 <br /> Protect Nam City Traffic Signals 4 Lane Control Facile,; City of Eugene -Traffic Signals 4 <br /> <br /> jam'" Business Name; City of Eugene Address: MuHiple Sites <br /> EWER File ID: 1529E Eugene OR <br /> Package Nam Green Signal upgrade wLED/replace Iilum St signs <br /> Energy Smart Financial Offer Cash Option Loon Option <br /> Energy Conservation Project Cost: $462 00~ ~ <br /> 462,008 <br /> EWER Cash Incentive Reimbursement: $186,613 $186,613 <br /> $0 <br /> EWER Energy Smart Loan (Principal): $275 395 <br /> Up-front customer Cost: $275,395 L $0 <br /> Life Cycle Cost Analysis <br /> Protect Cost Analysts Protect Sating Anatys/s <br /> Pro)act Cost 5462,008 Demand Avg kW: 236.0 Annual S 20year <br /> Cash Incentive: ($186,613) Energy kWh: 933,066 ~ngs Cash Flow <br /> Business Energy Tax Credit': SO Electricity: 6296 $51,470 $y,029,40e1 <br /> Fuel: - S0. Discounted_ <br /> Net Cost to Customer. $275,395 Maintenance: SO present value <br /> 'BETC requires preapplication and funding availability. Total Annual Savings: $51,470 $709,123 <br /> Cost Effectiveness Indicators: Indicator should be: Vote: Protected savings are not guaranteed. <br /> Benefit/Cost Ratio: 2.6 Greater than 1.0 Present Value discount rates: <br /> Rate of Retum: 13.2% Greater than Interest Rate Base Discount Rate 8.0% <br /> Simple Payback tyears): 5.4 Shorter than ECM Lffe of 20 Infkat(on Rate 2.8% <br /> Net Present Value Swings: $433,728 Greater than zero Net Discount Rate 5.1 % <br /> Energy Smart Incentive Calculation <br /> S/kWh Savings Based Incentive: 5186,613 <br /> Basic Cash Incentive Rate: $0.150 12 Month savings Limit: $462,008 <br /> Premlum/Completion Rate: $0.050 Other Limb: 5462008 <br /> Savings Incentive Rate 23 $0.200 Cash Incentive (Lesser of 3 above): $186,613 <br /> Adjusted Incentive Rafe: 50.200 Cash Incentive Is 40X of total project cost. <br /> Energy Smart Loan Details <br /> per Month per Year <br /> Principal $275,395.00 Interest Rafe: 0.583% 7,0% <br /> Full Term Interest: $73,746.80 Term (monihs/years 84 7,00 . <br /> Full Term Total Cost: $349,141.80 Period Payment 54,156.45 $49, 877 <br /> Projected savings covers 103% of payment. Period swings: $4,289 551,470 <br /> Incentive Adjustment -ESPA <br /> Please contact your EW EB representative Incentive Incentive updated on behalf of EWEB EMS by <br /> if there are project scope changes, project Option Brian Hawley 03-Mar-02 <br /> delays, and when project is complete. selected <br /> EWER Phone: 541-484-1125 ? Cash Construction of this project shall be complete <br /> EMS Fes: 541-334-4614 I ©Loan I and invoices submitted by: 01-Dec-02 <br /> <br />