Minnesota C-BED Proposal
Discount Rate (DR) =			0.0420
	Guaranteed
	Annual
	Price
Contract	Value
Year	$/kWh	NPV
0
1	0.048	0.046
2	0.048	0.045
3	0.048	0.044
4	0.048	0.043
5	0.048	0.042
6	0.048	0.042
7	0.048	0.041
8	0.048	0.040
9	0.048	0.039
10	0.048	0.039
11	0.033	0.037
12	0.033	0.036
13	0.033	0.034
14	0.033	0.033
15	0.033	0.032
16	0.033	0.031
17	0.033	0.030
18	0.033	0.030
19	0.033	0.029
20	0.033	0.028
Source: Dan Juhl, Dan Mar Associates
D:\My Documents\RenewableTariffs\Minnesota C-BED\C-BED 20 year NPV calculation.wb3