CITY OF POUGHKEEPSIE LED STREET LIGHTING May 5, 2014.
12
CITY OF POUGHKEEPSIE LED STREET LIGHTING May 5, 2014
-
Upload
claud-mcgee -
Category
Documents
-
view
221 -
download
2
Transcript of CITY OF POUGHKEEPSIE LED STREET LIGHTING May 5, 2014.
CITY OF POUGHKEEPSIE LED STREET LIGHTING
May 5, 2014
Preliminary Project Economics
1 Total Project Summary
Proposed LED Project includes the following: LED Street Lighting Upgrades
LED Traffic Signal Upgrades – 93 Intersections
Purchase Price of Existing Lights from Central Hudson for
$327,522 –
City is negotiating pricing
Security Deposit on Attachment of Lights to
Central Hudson Utility Poles of $149,500
Preliminary Project Economics
2
Summary Preliminary LED Project Economics Estimated Project Cost $5,547,811
Annual Energy Savings 2,158,160 kWh
Annual Energy Cost Savings $165,675
Annual O&M Savings $265,346
Total Cost Savings (First Year) $431,021
Annual Payment $399,232
Simple Payback Period 12.2 years
Net Present Value (NPV) $2,032,647
Return on Investment (ROI) 36.48%
Savings over 25 Years $5,378,471
Preliminary Project Economics
3 Cash Flow
$0
$100,000
$200,000
$300,000
$400,000
$500,000
$600,000
$700,000
$800,000
$900,000
$1,000,000
$0
$1,000,000
$2,000,000
$3,000,000
$4,000,000
$5,000,000
$6,000,000
Guaranteed Cost Savings Net Annual Costs Cash Flow
Cash FlowSavings & Debt Service
BAN Interest Rate 1.75% BOND Interest Rate 3.75% Term of 20 Years
Preliminary Project Economics with Rate Increase
4
Summary Preliminary LED Project Economics Estimated Project Cost $5,547,811
Annual Energy Savings 2,158,160 kWh
Annual Energy Cost Savings $248,594
Annual O&M Savings $265,346
Total Cost Savings (First Year) $513,940
Annual Payment $399,232
Simple Payback Period 10.3 years
Net Present Value (NPV) $3,015,315
Return on Investment (ROI) 54.35%
Savings over 25 Years $8,411,244
Preliminary Project Economics with Rate Increase
5 Cash Flow
$0
$100,000
$200,000
$300,000
$400,000
$500,000
$600,000
$700,000
$800,000
$900,000
$0
$1,000,000
$2,000,000
$3,000,000
$4,000,000
$5,000,000
$6,000,000
$7,000,000
Guaranteed Cost Savings Net Annual Costs Cash Flow
Cash FlowSavings & Debt Service
BAN Interest Rate 1.75% BOND Interest Rate 3.75% Term of 20 Years
Comparison of Rate Increase
6
Description Current Rate W/ Rate Increase Estimated Project Cost $5,547,81
$5,547,811
Annual Energy Savings 2,158,160 kWh
2,158,160 kWh
Annual Energy Cost Savings $165,675
$248,594
Annual O&M Savings $265,346
$265,346
Total Cost Savings (First Year) $431,021
$513,940
Annual Payment $399,232
$399,232
Simple Payback Period 12.2 years 10.3
years
Net Present Value (NPV) $1,603,168
$3,015,315
Return on Investment (ROI) 28.90% 54.35%
Savings over 25 Years $5,378,471
$8,411,244
Comparison of Rate Increase
7
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 $-
$200,000.00
$400,000.00
$600,000.00
$800,000.00
$1,000,000.00
$1,200,000.00
$1,400,000.00
$1,600,000.00
$1,800,000.00
Annual Cost to Operate Street Lights Before and after Rate Increase
Annual Costs After Project Annual Costs w/o Project
Annual Costs After Project w/ Rate Increase Annual Costs w/o Project w/ Rate Increase
Years
Next Steps
Project Next Steps
8
Council Approval of Project Central Hudson License Agreement – City Needs to
Finalize the Terms of the Agreement with Central Hudson Authorize Prototype of Different Manufactures to be
Installed and Finalize Fixture Selections
Project Schedule
9
May 5th, 2014 Presentation to the Common Council
May 5th, 2014 Council Resolution to Approve Project and Financing
August 15, 2014 Estimated Start of Construction
August, 2015 Measurement And Verification
Questions & Discussions
Thank you.Wendel Energy Services, LLC
Joseph DeFazio, PE, Vice President of Energy ServicesSam Marotta, CEM, CMVP, BEAP, Project Lead
716.688.0766
