EFTA01366550.pdf

Amendment #4 Page 121 of 868 Tef.tlr.. .cciatini• • The Nstofical period and the forecast periods cny nclude projects that we have included in our initial portfolio and do not iniude any of the Gall Riga Projects or the Third-Party Call Ricpt Protects Revenue We estimate that we wilt generate rererue of 5397 2 million fa the twelve months ercling June 30, 2016 and 5467 0 moron for The !we've months endng December 31. 2016, compared to 5298 9 moon for the unaudited pro forrre year ended December 31, 2014. The increase in out forecasted periods compared to the historical pro brrre penod s stribued to higher generation as a result of the aditional contributed and acquired projects referenced in the gereraI considerations We estimate megawatts n operaton will be 1.119 5 MW for the twelve monthsending June 30, 2016 and 14061 MW for the penod erdrg December 31 2016. compared to 1,061 2 MW for the u-auited pro forma year ended December 31. 2014 Oa revenues are pima* a result d the energy produced at cur projects and the rates for ircertves and rates for sale of generation established under PPM for each project We esbmate 1748.2 GWh of production for ine tweve months encarg June 30. 2016. and 4396.3 GWh for the twelve months ending December 31. 2016. compered to 2.426.8 GM for the unaudited pro forma year ended Decenter 31.2014 We estimate that 5 6% and 6 2% of revenuewe cane from ircentress in the twelvemonth penods ending June 30. 2018 and December 31. 2016. respectvery, compared to 0 7% for the unaudited pro forma year ended December 31, 2014. The forecasted amoirt of revenues with respect to indrviclua I projects are approximately proportional to the generation capacity of such project and correlated to the re spertbvedates as of such the project commenced or wilt commence operations None d the projects n our inter portfolio account for more than 19% of forecasted GlAtt or 13% of forecasted revenue dunrg tra periods presented The so largest projects. or 14% of the projects n our real portfolio, encompass 21 out of 72. or 29%, d the total sites in our mat portfolio These so protects account for approximately 55% of GWn and 42% of forecasted revenue during the periods presented These projects are distributed across a range of saes. and are delineated by separate physical operating systems and gild interconnections, reducing the impact of equipment failures and other operating risks on the entire project Cost or operators We estimate that we will noncom for operabons expense of 570 6 melon for the twelve months erring June 30.2016 and 683.2 million for the twelve maths ending December 31 2016 compared to 644 7 million for as unaudited pro forma year ended December 31. 2014 This increase n our forecasted periods from the pro forma historical period is primarily attributed to tte additional contituted and scoured projects referenced in the general considerations Depreciator. amortaaecn and accretion We estimate the: we will rcur depreaaton, amortgaton and accretion experse of 8137.8 melon for the twelve months ending June 30, 2016 and 5141 9million for the twelve months endng December 31.2016 compared to 5131 4 ninon for the unaudited pro forma year ended December 31. 2014 This inaease n our forecasted periods from the pro forma histcncal penod s pnmanly attributed to the editions' oortnbuted and accused projects referenced in the general consderations Forecasted depreciation and accretion expense reflects irenagernent's estimates, wtich are based on persistent average depreciable asset lives and depreciation methaidoges under GAAP. We have assumed that the average depreciable asset Wee are 25. 30 and 40 years for our wind, solar and hydro -electric energy systems. respectively. Genera!ay alministrabver We estimate that we will ncur general and administrasve expenses of 528 4 maim for the twelve months ending June 30 2016 and 527 6 million for the twelve months ended December 31, 2016, compared to 113 http://cfdocs.btogo.com:27638/cf/drv7/pub/edgar/2015/07/20/0001193125-15-256461/d78... 7/20/2015 CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0058078 CONFIDENTIAL SDNY_GM_00204262 EFTA01366550