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WATER DISTRICT, ORANGE COUNTY (Green Acres Project Water) - 1988
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WATER DISTRICT, ORANGE COUNTY (Green Acres Project Water) - 1988
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EXHIBIT E <br />DEFERRED COST <br />Deferred Cost (DC) applicable to the determination of the Final LRP Contribution is computed <br />as follows: <br />DC = AYP x (PULP - RateP - ANDC - 250) / RW <br />where, <br />AYP = Allowable Yield in the previous Fiscal Year (AF) <br />PULP = Project Unit Cost, as defined in Section 1.8, in the previous Fiscal Year ($/AF) <br />RateP = Metropolitan's applicable full service treated water rate in the previous Fiscal <br />Year ($/AF) <br />ANDC = Amortized cost of any avoided Metropolitan's New Demand Charge in the <br />previous Fiscal Year ( /AF) <br />250 = Maximum Final LRP Contribution ($/AF) <br />RW = Recovered Water in the Fiscal Year that the reconciliation is performed <br />There shall be no DC value carryover upon Agreement termination. <br />If DC calculated as a negative number using the above equation, DC will be Zero. <br />DC for 1998-99 (under TLRP) shall be included in reconciliation for 1999-2000. <br />Example: <br />The following hypothetical example demonstrates how DC is calculated and used in calculation of the LRP <br />Contribution: <br />Fiscal <br />Year <br />Sum of MWD's <br />Water Rate and <br />ANDC ($/AF) <br />Recovered <br />Water (AF) <br />Allowable <br />Yield (Al:) <br />. . .......... <br />Project <br />Unit Cost <br />($/AF) <br />DC <br />($/AF) <br />LRP <br />Contribution <br />($/AF) <br />1 <br />431 <br />2,600 <br />2,100 <br />781 <br />0 <br />250 <br />2 <br />431 <br />3,000 <br />2,500 <br />670 <br />70 <br />250 <br />3 <br />431 <br />3,500 <br />3,000 <br />721 <br />0 <br />250 <br />4 <br />431 <br />4,000 <br />3,500 <br />600 <br />30 <br />199 <br />5 <br />431 <br />4,200 <br />4,200 <br />585 <br />1 0 <br />1 154 <br />Fiscal <br />Year I <br />DC = 0 because project was not operating in the previous year <br />LRP Contribution = <br />791 - 431 > 250 4 LRP Contribution = 250 $/AF <br />Fiscal Year 2: <br />DC = 2 „100 x (781 - <br />431 - 250) / 3,000 = 70 $/AF <br />LRP Contribution = <br />670 + 70 - 431 > 250 4 LRP Contribution = 250 $/AF <br />Fiscal Year 3: <br />DC = 2,500 x (670 - <br />431 - 250) / 3,500 < 0 4 DC = 0 <br />LRP Contribution = <br />721 - 431 > 250 4 LRP Contribution = 250 $/AF <br />Fiscal Year 4: <br />DC = 3,000 x (721 - <br />421 - 250) / 4,000 = 30 $/AF <br />LRP Contribution = <br />600 + 30 - 431 = 199 $/AF <br />Fiscal Year 5: <br />DC = 3,500 x (600 - <br />431 - 250) / 4,200 <0 4 DC = 0 <br />LRP Contribution = <br />585 - 431 = 154 $/AF <br />Agreement 22156 -22- <br />
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