Attachment 71 to Appendix Bb
Essex Power Services, Inc.
55 Union Street, 4th Floor
Boston, Massachusetts 02108
Explanation of 20% Calculation: To determine which portion of Q4 revenues are subject to the 20% admin
fee, first we determined the surplus amount of kWhs that exceed 20,000,000 kWhs. The surplus amount of
kWhs was divided by the total generation across both projects for the year to produce a %. This % was then
multiplied by the Grand Total Gross Revenues for the year to determine the amount of Gross Revenues subject
to the 20% admin fee (the Surplus Amount).
We then allocated the Surplus Amount between both projects based on the% of generation each project
represented for the year. Finally we deducted the Surplus Amount that was allocated to each project from the
project's Q4 gross revenue to produce the Q4 adjusted project gross revenue.
The Q4 adjusted gross revenue was then used for the 10% admin fee calculation.
Summary of Annual Gross Revenues
Month JM Generation JM RECs MF Generation MF RECs MF Capacity Payments
January 7,949.76 $67,428.59 11,674.66
February $42,930.30 $87,435.93 $11,674.66
March .00 573.08 16,654.00 $11,694.69
April $35,770.56 $102,467.09 $11,735.02
May $19,153.32 $58,889.16 $11,714.72
June 570.16 855.82 $49,918.00 $7,538.34
July $46,932.69 13,421.19 7,518.31
August .00 151.15 7,518.31
September .00 420.63] $106,436.00 $7 41
October $0.00 $67,886.58 $15,352.06
November $33,635.78 $97,328.80 15,367.80
December 882.65 110,633.21 ,088.00 15,365.30
Sub Totals .
Grand Total Gross Rev. 1,611,334.22
Calculation of Surplus Amount
Total Generation for Year (kWhs) 20,271,058
Base (kWhs) 20,000,000
Surplus amount over 20,000,000 kWhs 271,058
% Surplus amount of total generation for year 1.34%
Grand Total Gross Rev. $1,611,334.22
% Surplus amount of total generation for year X 1.34%
Surplus Amount - Amount of Gross Revenues subject to 20% admin fee $21,546.27
