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Contract - Guaranteed Energy Savings Proj No 124-015 - Veregy
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Contract - Guaranteed Energy Savings Proj No 124-015 - Veregy
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12/10/2024 2:13:01 PM
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12/10/2024 2:12:38 PM
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Board of Public Works
Document Type
Permit Applications
Document Date
12/10/2024
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<br />32 <br /> <br />ATTACHMENT E: SCHEDULE OF SAVINGS <br /> <br /> <br /> <br />1. Savings Summary <br />The total Avoided Energy, Operational and Related Capital Expenditure Costs over the Term of the Agreement are <br />$2,267,831.00 as defined by the following: <br /> <br />Annual Avoided Energy Costs are not less than $63,153.00 as listed in 3. <br />Annual Avoided Operational Costs are not less than $7,604 as listed in 3. <br />Annual Avoided Related Capital Expenditure Costs are $69,914 as listed in 3. <br /> <br />The Term of this Agreement is for 15 years from the first (1st) day of the month following the date of Final Project Acceptance <br />of the Work. <br /> <br /> <br />2. Energy Rates and Costs <br /> <br />2.1 Energy Rates. Actual Energy Rates are determined by reviewing current Energy Costs per unit of energy. <br />Historically, Energy Costs have increased an average of [6]% per year for CUSTOMER. VEREGY may escalate rates at an <br />average of [6]% annually or use the actual rates, whichever is greater, to determine total Avoided Energy Costs over the Term <br />of this Agreement. The rates used for this Agreement are detailed in the table below. <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br />Energy Rates <br /> <br />
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