BC Hydro Bioenergy Phase 2 Call Proponent's Financial Model (Form 6C)

CONFIDENTIAL

Form 6C
PROPONENT'S FINANCIAL MODEL
PROPOSAL GUIDE
Issue Date: June 23, 2010

TO PRINT THE ENTIRE DOCUMENT, CHOOSE "FILE"->"PRINT"->"ENTIRE WORKBOOK"

General Instructions

- Words and phrases used in this document and defined in the RFP, and/or the Specimen EPA, have the meanings given in the RFP, and/or Specimen
EPA, unless otherwise defined herein.
- This template for the Proponent's Financial Model is designed to provide a guide for Proponents to outline the high-level cash flows associated with
the Project. The template is provided as a guide and the Proponent is permitted to modify the format and add cash flow categories as required.
However, at a minimum, cash flow details for items listed in the Proponent's Financial Model template should be included in the Proponent's
submission.

- All cash flow amounts should be expressed in $Canadian (thousands)

- When completed, name this document Form 6C and save in MS Excel format for inclusion in the electronic copy of your Proposal, and print the
Proponent's Financial Model for inclusion in the hard copy of your Proposal.

Capital Costs
Pre-Construction Development
Property, Plant & Equipment
Fuel-Related Property & Tenure
Costs associated with pre-construction development, including feasibility studies, advisory
services, etc.
Costs associated with planning and construction of the power plant, interconnection facilities,
etc.
Costs associated with the acquisition of property and tenure required for fuel supply.

Fuel-Related Capital (Off Plant Site) Costs associated with development and equipment related to the acquisition of fuel and its
transportation to the power plant. Costs for equipment located at the power plant site should be
included in the Property, Plant and Equipment line item above.
Other Capital Costs Other capital costs not included in the above categories.

Owner's Contingencies Contingencies associated with development and construction of the Project.

Interest During Construction Interest and financing charges accumulated during the development and construction phase of
the Project.

Revenue
Firm Energy Production (MWh) Firm Energy generated and delivered to the POI, net of internal losses. Note that this amount
should be expressed in MWh.
Firm Energy Revenue Projected revenue from the sale of Firm Energy.

Non-Firm Energy Production (MWh) Non-Firm Energy generated and delivered to the POI, net of internal losses.

Non Firm Energy Revenue Projected revenue from the sale of Firm Energy.

Other Revenue Other revenue generated from the project, such as tipping fees, sale of steam or heat by-
products, etc.

Fuel-Related Operating Costs

Fuel Acquisition Costs associated with the acquisition of fuel delivered to the power plant site (excluding
transportation costs), including equipment leasing costs. Any costs associated with processing
or handling fuel at the power plant site should be included in Plant Operating Costs below.

Fuel Transportation Costs of hauling fuel from the field to the power plant site, including equipment leasing costs.

Contingencies Contingencies associated with fuel acquisition and transportation costs.

Other Fuel-Related Operating Costs Other fuel related costs, not captured in the above categories.

Issued June 23, 2010 Page 1 of 3

 BC Hydro Bioenergy Phase 2 Call Proponent's Financial Model (Form 6C)

CONFIDENTIAL

Form 6C
PROPONENT'S FINANCIAL MODEL
PROPOSAL GUIDE
Issue Date: June 23, 2010

TO PRINT THE ENTIRE DOCUMENT, CHOOSE "FILE"->"PRINT"->"ENTIRE WORKBOOK"

General Instructions

- Words and phrases used in this document and defined in the RFP, and/or the Specimen EPA, have the meanings given in the RFP, and/or Specimen
EPA, unless otherwise defined herein.
- This template for the Proponent's Financial Model is designed to provide a guide for Proponents to outline the high-level cash flows associated with
the Project. The template is provided as a guide and the Proponent is permitted to modify the format and add cash flow categories as required.
However, at a minimum, cash flow details for items listed in the Proponent's Financial Model template should be included in the Proponent's
submission.

- All cash flow amounts should be expressed in $Canadian (thousands)

- When completed, name this document Form 6C and save in MS Excel format for inclusion in the electronic copy of your Proposal, and print the
Proponent's Financial Model for inclusion in the hard copy of your Proposal.

Plant Operating Costs

Wages & Benefits Wages and benefits associated with power plant operations.

Maintenance Plant maintenance costs and charges, including equipment leasing costs.

Permits & Licenses On-going permits and licensing fees.

Insurance On-going insurance costs.

Property Taxes Property taxes and levies associated with the power plant site.

Lifecycle Management Reserves for major equipment overhaul and replacement.

Contingencies Contingencies for operating costs.

Other Other operating costs not captured in the above categories, such as corporate overhead charges,
general and administrative costs, etc.

Debt Service
Interest Interest payments on debt related to initial capital investment.

Principal Repayment Principal repayment on initial capital investment.

NOTES & ASSUMPTIONS:

Commercial Operations Date (COD) Indicate the Guaranteed COD date.

Notes and assumptions Space is provided to allow the Proponent to present a summary of other key assumptions
related to the Financial Model.

Issued June 23, 2010 Page 2 of 3

 BC Hydro Bioenergy Phase 2 Call - Proponent's Financial Model (Form 6C)

Estimated Project Cash Flows

All cash flow amounts shown in nominal $ Canadian (thousands)

2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 2036 2037 2038 2039 2040

Capital Costs
Pre-Construction Development
Property, Plant & Equipment
Fuel-Related Land & Tenure
Fuel-Related Capital (Off Plant Site)
Owner's Contingencies
Interest During Construction
Other Capital
Total Capital Costs - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

Revenue
Firm Energy Production (MWh)
Firm Energy Revenue
Non Firm Energy Production (MWh)
Non Firm Energy Revenue
Other Revenue
Total Revenue - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

Fuel-Related Operating Costs

Fuel Acquisition
Fuel Transportation
Contingencies
Other
Total Fuel Costs - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

Plant Operating Costs

Wages & Benefits
Maintenance
Permits & Licenses
Insurance
Property Taxes
Lifecycle Management
Capital and Other Reserves
Contingencies
Other
Total Plant Operating Costs - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

Debt Service
Interest
Principal Repayment
Total Debt Service - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

NOTES & ASSUMPTIONS:

Commercial Operations Date (COD)

Issued June 23, 2010 Page 3 of 3