Riverside City Council
February 25, 2025

Financial Proforma: Summary Simulation Results
Production Cost Modeling Study: Baldy Mesa Battery Energy Storage Resource Adequacy Purchase and Energy Settlement Agreement Pricing ($/kW-month) Year |Months MW Month Year Annual RA Price RA $8.00 1 | 10 49.10 1 0.5000 2027 $12.00
Energy Hedge $9.00 2 | 12 47.76 2 0.5000 2028 $11.50
COD 3/1/2027 3 |12 46.64 3 0.5000 2029 $11.00
Contract End Date 2/28/2042 4 |12 45.67 4 0.5000 2030 $10.00 Term (years) 15 5 |12 44.76 5 0.7500 2031 $9.75
6 |12 43.90 6 1.2500 2032 $9.50
7 |12 43.10 7 2.0000 2033 $9.25
8 |12 42.35 8 2.0000 2034 $9.00
9 |12 41.60 9 2.0000 2035 $9.00
10 | 12 40.95 10 1.0000 2036 $9.25
11 |12 40.26 11 0.5000 2037 $9.50
12 |12 39.67 12 0.5000 2038 $9.75
13 |12 39.02 2039 $10.00
14 | 12 38.43 2040 $10.25
15 |12 37.90 2041 $10.50
16 | 2 37.31 2042 $10.75
Production Cost Modeling Study Results
Contract Year Year RA Cost RA Value
Energy Hedge
Cost
Energy Hedge
Revenue Net Project Cost1
Net Project
Value2
1 2027 $3,928,000 $6,481,200 $4,419,000 $3,703,952 $4,643,048 $1,838,152 2 2028 $4,584,960 $6,590,880 $5,158,080 $6,018,810 $3,724,230 $2,866,650 3 2029 $4,477,440 $6,156,480 $5,037,120 $7,167,544 $2,347,016 $3,809,464 4 2030 $4,384,320 $5,480,400 $4,932,360 $6,962,245 $2,354,435 $3,125,965 5 2031 $4,296,960 $5,236,920 $4,834,080 $6,237,899 $2,893,141 $2,343,779 6 2032 $4,214,400 $5,004,600 $4,741,200 $6,079,198 $2,876,402 $2,128,198 7 2033 $4,137,600 $4,784,100 $4,654,800 $5,667,238 $3,125,162 $1,658,938 8 2034 $4,065,600 $4,573,800 $4,573,800 $5,618,041 $3,021,359 $1,552,441 9 2035 $3,993,600 $4,492,800 $4,492,800 $5,404,755 $3,081,645 $1,411,155 10 2036 $3,931,200 $4,545,450 $4,422,600 $5,438,328 $2,915,472 $1,629,978 11 2037 $3,864,960 $4,589,640 $4,348,080 $5,404,829 $2,808,211 $1,781,429 12 2038 $3,808,320 $4,641,390 $4,284,360 $5,391,183 $2,701,497 $1,939,893 13 2039 $3,745,920 $4,682,400 $4,214,160 $5,205,297 $2,754,783 $1,927,617 14 2040 $3,689,280 $4,726,890 $4,150,440 $5,042,280 $2,797,440 $1,929,450 15 2041 $3,638,400 $4,775,400 $4,093,200 $4,834,528 $2,897,072 $1,878,328 16 2042 $596,960 $401,083 $671,580 $649,466 $619,074 -$217,991 $61,357,920 $77,163,433 $69,027,660 $84,825,595 $45,559,985 $31,603,447 Average $4,090,528 $5,144,229 $4,601,844 $5,655,040 $3,037,332 $2,106,896 $/kW-month $8.00 $10.06 $9.00 $11.06 $5.94 n/a
1 Net Project Cost = RA Cost + Energy Hedge Cost - Energy Hedge Revenue 2 Net Project Value = RA Value - Net Project Cost
System RA ValueContract Capacity
($/kW-month)
Total
System RA Price
Weighting
Contract Terms