8/30/2011 8/30/2011 1 AVS CO AVS CO 2 Project Project & MISO Update & MISO Update August 18, 2011 August 18, 2011 August 18, 2011 August 18, 2011 Page Page 1 Dale Niezwaag Dale Niezwaag Basin Electric Power Cooperative Basin Electric Power Cooperative Central Montana Central Montana Central Montana Central Montana Upper Upper Missouri Missouri Upper Upper Missouri Missouri Central Central Power Power Central Central Power Power District 9 District 9 District 9 District 9 East East River River East East River River Rushmore Rushmore Rushmore Rushmore Powder Powder River River Powder Powder River River L & O L & O L & O L & O Tri Tri-State State Tri Tri-State State Corn Belt Corn Belt Power Power Corn Belt Corn Belt Power Power NIPCO NIPCO NIPCO NIPCO Basin Electric Basin Electric Membership Membership Area Area
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AVS CO Project & MISO Update · AVS CO2 Project & MISO Update August 18, 2011 Page Page 11 Dale Niezwaag Basin Electric Power Cooperative Central Montana Upper Missouri Central Power
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Doosan Estimate Did Not IncludeDoosan Estimate Did Not Include•• Costs to modify the boiler and turbineCosts to modify the boiler and turbine•• Cost of COCost of CO22 sequestrationsequestration•• Cost for environmental permittingCost for environmental permitting•• Costs for project contingency and riskCosts for project contingency and risk•• Interest during constructionInterest during construction•• Project management and engineeringProject management and engineering
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Total Cost To CaptureTotal Cost To Capture
D ti t dD ti t d $50$50 $60 t CO$60 t CODoosan estimatedDoosan estimated($282.5 million)($282.5 million)
All inclusive costAll inclusive cost($500 million)($500 million)
$50 $50 -- $60 per ton CO$60 per ton CO22
$65 $65 -- $75 per ton CO$75 per ton CO22
($ )($ )
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8/30/20118/30/2011
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Current StatusCurrent Status• Project on Hold• Project on Hold
–– Lack of regulation developmentLack of regulation development–– Present economic conditionsPresent economic conditions–– Full cost of the project Full cost of the project
•• Too difficult to develop a compelling Too difficult to develop a compelling business casebusiness case
–– Lack of regulation developmentLack of regulation development–– Present economic conditionsPresent economic conditions–– Full cost of the project Full cost of the project
•• Too difficult to develop a compelling Too difficult to develop a compelling business casebusiness casebusiness casebusiness case
•• Dec. 2010 Basin Board placed the Dec. 2010 Basin Board placed the project on hold until further notice.project on hold until further notice.
business casebusiness case•• Dec. 2010 Basin Board placed the Dec. 2010 Basin Board placed the
project on hold until further notice.project on hold until further notice.
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Knowledge Gained & SharedKnowledge Gained & Shared•• Identified viable approach to technical Identified viable approach to technical
h llh llchallengeschallenges•• Developed Capital and O&M cost est.Developed Capital and O&M cost est.•• Refined known economic challengesRefined known economic challenges•• Utilities able to understand impacts to Utilities able to understand impacts to
their station if this technology is appliedtheir station if this technology is appliedtheir station if this technology is appliedtheir station if this technology is applied