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Exhibit 2 – Table of Estimated Tariffs
The following table presents the estimated values of the primary tariffs. It DOES NOT include the value of the secondary tariffs on the importers of Venezuelan oil which would primarily impact China and to a lesser extent Italy and Canada.
Country Tariff Affected Scope Estimated Value
Canada 25% tariff except USMCA1 Structural steel
Delivery occurred during the 90-day pause
$0.5 million (ARB Engine Hall components),
reduced to $0.2 million during the pause
China 30% reciprocal tariff
BESS (PCSs and batteries)
Pipe, pipe fittings, valves
China tariff reduced on May 11
$22 million (ARB BESS)
$0.3 million (ARB Pipe, etc.)
Finland 20% reciprocal tariff
Generator Step-up Transformers
Alternate Feed Transformer
Spare Parts
Delivery expected after the 90-day pause
$3.2 million
Finland 20% reciprocal tariff
Bulk of Wartsila equipment except GPRS,
transformers, spare parts, and switchgear
Delivery occurred during the 90-day pause $8.6 million (Wartsila total European Union), reduced to $4.3 million during the pause
Italy 20% reciprocal tariff,
currently delayed
Wartsila GPRS
Delivery occurred during the 90-day pause
Mexico 25% tariff except USMCA
Electrical switchgear
Transformers
Delivery expected after the 90-day pause
$1.7 million (ARB switchgear and transformers,
split 50/50 between BOS and BESS)
$1.1 million (Wartsila switchgear)
Total ARB Wartsila tariffs considering the 90-day pause: $0.2 million (0.2) Total ARB BESS tariffs: $22.85 million (22+0.85)
Total ARB BOS tariffs considering the 90-day pause: $1.15 million (0.3+0.85) Total Wartsila tariffs considering the 90-day pause: $8.6 million (3.2+4.3+1.1)
1 The tariff rules exempt materials that are covered by the U.S.-Mexico-Canada Agreement (USMCA) rules of origin. The equipment being supplied for the Grayson Repowering Project does not fall under these rules.