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"net-takeouts-first", "reimbursementAndPooling": "assumed-permitted", "bridgeCommitmentCents": 8000000000, "bridgeAnnualBp": 1200, "bridgeFeeBp": 100, "bridgeCostPayment": "horizon", "projectPrincipalRepaymentPolicy": "none-before-horizon", "operatingCashPolicy": "held-until-horizon", "netSurplusPerReadyDayCents": 1000000 }, "status": "funded-under-assumptions", "knownFailures": [], "unknowns": [], "conditionalSizing": { "peakBridgePrincipalCents": 8000000000, "principalCentDays": "360000000000", "baseCashBeforeOperatingSurplusAndBridgeCostsCents": 400000000, "capexCents": 12000000000, "grossProjectDebtDrawCents": 9600000000, "retainedReserveCents": 1200000000, "readyProjectDays": 180, "maturityCashShortfallCents": 0 }, "cashEvents": [ { "id": "P1-COST", "project": "P1", "day": 0, "kind": "construction", "amountCents": -4000000000, "cashBeforeBridgeCents": 0, "bridgeChangeCents": 0, "bridgePrincipalCents": 0, "unrestrictedCashCents": 0 }, { "id": "P2-COST", "project": "P2", "day": 0, "kind": "construction", "amountCents": -4000000000, "cashBeforeBridgeCents": -4000000000, "bridgeChangeCents": 4000000000, "bridgePrincipalCents": 4000000000, "unrestrictedCashCents": 0 }, { "id": "P3-COST", "project": "P3", "day": 0, "kind": "construction", "amountCents": -4000000000, "cashBeforeBridgeCents": -8000000000, "bridgeChangeCents": 4000000000, "bridgePrincipalCents": 8000000000, "unrestrictedCashCents": 0 }, { "id": "P1-NET-TAKEOUT", "project": "P1", "day": 45, "kind": "net-takeout", "amountCents": 2800000000, "grossDebtDrawCents": 3200000000, "reserveRetainedCents": 400000000, "cashBeforeBridgeCents": -5200000000, "bridgeChangeCents": -2800000000, "bridgePrincipalCents": 5200000000, "unrestrictedCashCents": 0 }, { "id": "P2-NET-TAKEOUT", "project": "P2", "day": 45, "kind": "net-takeout", "amountCents": 2800000000, "grossDebtDrawCents": 3200000000, "reserveRetainedCents": 400000000, "cashBeforeBridgeCents": -2400000000, "bridgeChangeCents": -2800000000, "bridgePrincipalCents": 2400000000, "unrestrictedCashCents": 0 }, { "id": "P3-NET-TAKEOUT", "project": "P3", "day": 45, "kind": "net-takeout", "amountCents": 2800000000, "grossDebtDrawCents": 3200000000, "reserveRetainedCents": 400000000, "cashBeforeBridgeCents": 400000000, "bridgeChangeCents": -2400000000, "bridgePrincipalCents": 0, "unrestrictedCashCents": 400000000 }, { "id": "OPERATING-CASH-RELEASE", "day": 90, "kind": "operating-surplus", "amountCents": 180000000, "cashBeforeBridgeCents": 580000000, "bridgeChangeCents": 0, "bridgePrincipalCents": 0, "unrestrictedCashCents": 580000000 }, { "id": "BRIDGE-COST-PAYMENT", "day": 90, "kind": "financing-cost", "amountCents": -198356165, "cashBeforeBridgeCents": 381643835, "bridgeChangeCents": 0, "bridgePrincipalCents": 0, "unrestrictedCashCents": 381643835 } ], "bridgeInterestCents": 118356165, "bridgeFeeCents": 80000000, "totalBridgeCostCents": 198356165, "operatingCashReleasedCents": 180000000, "finalUnrestrictedCashCents": 381643835, "bridgePrincipalAtHorizonCents": 0 }, "parallel_thin_equity": { "input": { "evidenceClass": "hypothetical", "unit": "USD-cents", "openingCashCents": 500000000, "horizonDay": 90, "projects": [ { "id": "P1", "costDay": 0, "readyDay": 30, "fundingDay": 30, "costCents": 4000000000, "grossTakeoutCents": 3200000000, "reserveWithheldCents": 400000000 }, { "id": "P2", "costDay": 0, "readyDay": 30, "fundingDay": 30, "costCents": 4000000000, "grossTakeoutCents": 3200000000, "reserveWithheldCents": 400000000 }, { "id": "P3", "costDay": 0, "readyDay": 30, "fundingDay": 30, "costCents": 4000000000, "grossTakeoutCents": 3200000000, "reserveWithheldCents": 400000000 } ], "sameDayOrder": "net-takeouts-first", "reimbursementAndPooling": "assumed-permitted", "bridgeCommitmentCents": 11500000000, "bridgeAnnualBp": 1200, "bridgeFeeBp": 100, "bridgeCostPayment": "horizon", "projectPrincipalRepaymentPolicy": "none-before-horizon", "operatingCashPolicy": "held-until-horizon", "netSurplusPerReadyDayCents": 1000000 }, "status": "infeasible-as-specified", "knownFailures": [ "bridge-and-costs-not-fully-repayable-at-horizon" ], "unknowns": [], "conditionalSizing": { "peakBridgePrincipalCents": 11500000000, "principalCentDays": "531000000000", "baseCashBeforeOperatingSurplusAndBridgeCostsCents": -3100000000, "capexCents": 12000000000, "grossProjectDebtDrawCents": 9600000000, "retainedReserveCents": 1200000000, "readyProjectDays": 180, "maturityCashShortfallCents": 3209575343 }, "cashEvents": null, "bridgeInterestCents": null, "bridgeFeeCents": null, "totalBridgeCostCents": null, "operatingCashReleasedCents": null, "finalUnrestrictedCashCents": null, "bridgePrincipalAtHorizonCents": null }, "parallel_larger_line": { "input": { "evidenceClass": "hypothetical", "unit": "USD-cents", "openingCashCents": 4000000000, "horizonDay": 90, "projects": [ { "id": "P1", "costDay": 0, "readyDay": 30, "fundingDay": 30, "costCents": 4000000000, "grossTakeoutCents": 3200000000, "reserveWithheldCents": 400000000 }, { "id": "P2", "costDay": 0, "readyDay": 30, "fundingDay": 30, "costCents": 4000000000, "grossTakeoutCents": 3200000000, "reserveWithheldCents": 400000000 }, { "id": "P3", "costDay": 0, "readyDay": 30, "fundingDay": 30, "costCents": 4000000000, "grossTakeoutCents": 3200000000, "reserveWithheldCents": 400000000 } ], "sameDayOrder": "net-takeouts-first", "reimbursementAndPooling": "assumed-permitted", "bridgeCommitmentCents": 10000000000, "bridgeAnnualBp": 1200, "bridgeFeeBp": 100, "bridgeCostPayment": "horizon", "projectPrincipalRepaymentPolicy": "none-before-horizon", "operatingCashPolicy": "held-until-horizon", "netSurplusPerReadyDayCents": 1000000 }, "status": "funded-under-assumptions", "knownFailures": [], "unknowns": [], "conditionalSizing": { "peakBridgePrincipalCents": 8000000000, "principalCentDays": "240000000000", "baseCashBeforeOperatingSurplusAndBridgeCostsCents": 400000000, "capexCents": 12000000000, "grossProjectDebtDrawCents": 9600000000, "retainedReserveCents": 1200000000, "readyProjectDays": 180, "maturityCashShortfallCents": 0 }, "cashEvents": [ { "id": "P1-COST", "project": "P1", "day": 0, "kind": "construction", "amountCents": -4000000000, "cashBeforeBridgeCents": 0, "bridgeChangeCents": 0, "bridgePrincipalCents": 0, "unrestrictedCashCents": 0 }, { "id": "P2-COST", "project": "P2", "day": 0, "kind": "construction", "amountCents": -4000000000, "cashBeforeBridgeCents": -4000000000, "bridgeChangeCents": 4000000000, "bridgePrincipalCents": 4000000000, "unrestrictedCashCents": 0 }, { "id": "P3-COST", "project": "P3", "day": 0, "kind": "construction", "amountCents": -4000000000, "cashBeforeBridgeCents": -8000000000, "bridgeChangeCents": 4000000000, "bridgePrincipalCents": 8000000000, "unrestrictedCashCents": 0 }, { "id": "P1-NET-TAKEOUT", "project": "P1", "day": 30, "kind": "net-takeout", "amountCents": 2800000000, "grossDebtDrawCents": 3200000000, "reserveRetainedCents": 400000000, "cashBeforeBridgeCents": -5200000000, "bridgeChangeCents": -2800000000, "bridgePrincipalCents": 5200000000, "unrestrictedCashCents": 0 }, { "id": "P2-NET-TAKEOUT", "project": "P2", "day": 30, "kind": "net-takeout", "amountCents": 2800000000, "grossDebtDrawCents": 3200000000, "reserveRetainedCents": 400000000, "cashBeforeBridgeCents": -2400000000, "bridgeChangeCents": -2800000000, "bridgePrincipalCents": 2400000000, "unrestrictedCashCents": 0 }, { "id": "P3-NET-TAKEOUT", "project": "P3", "day": 30, "kind": "net-takeout", "amountCents": 2800000000, "grossDebtDrawCents": 3200000000, "reserveRetainedCents": 400000000, "cashBeforeBridgeCents": 400000000, "bridgeChangeCents": -2400000000, "bridgePrincipalCents": 0, "unrestrictedCashCents": 400000000 }, { "id": "OPERATING-CASH-RELEASE", "day": 90, "kind": "operating-surplus", "amountCents": 180000000, "cashBeforeBridgeCents": 580000000, "bridgeChangeCents": 0, "bridgePrincipalCents": 0, "unrestrictedCashCents": 580000000 }, { "id": "BRIDGE-COST-PAYMENT", "day": 90, "kind": "financing-cost", "amountCents": -178904110, "cashBeforeBridgeCents": 401095890, "bridgeChangeCents": 0, "bridgePrincipalCents": 0, "unrestrictedCashCents": 401095890 } ], "bridgeInterestCents": 78904110, "bridgeFeeCents": 100000000, "totalBridgeCostCents": 178904110, "operatingCashReleasedCents": 180000000, "finalUnrestrictedCashCents": 401095890, "bridgePrincipalAtHorizonCents": 0 } }, "comparisons": { "low_value": { "status": "conditional-horizon-cash-comparison", "additionalReadyProjectDays": 90, "additionalBridgeCostCents": 99397260, "additionalOperatingCashCents": 90000000, "fastMinusSlowFinalCashCents": -9397260, "breakevenNetSurplusPerAdditionalReadyProjectDayCents": 1104414, "scope": "Equal project count and funding structure at a common horizon; not total-project NPV, an optimal schedule or measured compute output" }, "high_value": { "status": "conditional-horizon-cash-comparison", "additionalReadyProjectDays": 90, "additionalBridgeCostCents": 99397260, "additionalOperatingCashCents": 135000000, "fastMinusSlowFinalCashCents": 35602740, "breakevenNetSurplusPerAdditionalReadyProjectDayCents": 1104414, "scope": "Equal project count and funding structure at a common horizon; not total-project NPV, an optimal schedule or measured compute output" } }, "disclaimer": "Illustrative commitments and permissions are assumed, not obtained. No Lambda calibration or loan recommendation." }