3.0 POSSIBLE OWNERSHIP OF SPS 3-1 3.1 Introduction 3-1 3.1.1 Summary 3-1 3.1.2 General Financial Characteristics of the Generation Mix 3-5 3.2 Purchase of the SPS by a Utility or Consortium of Utilities 3-14 3.3 “Leasing" the SPS 3-21 3.4 Pricing SPS Produced Energy at the Incremental Cost of Alternative Generation 3-23 3.4.1 Introduction 3-23 3.4.2 Calculated Maximum Discount Rates 3-24 4.0 UTILITY PARTICIPATION IN THE SPS RD&D PROGRAMS 4-1 5.0 UTILITY LIABILITY DUE TO THE ADVERSE EFFECTS OF SPS RELATED ACTIVITIES 5-1 APPENDIX A - CALCULATIONS OF THE POWER POOL GENERATING MARGINS REQUIRED TO MEET THE LOLP CRITERIA A-l APPENDIX B - CHANGE IN POWER POOL COSTS DUE TO SPS B-l APPENDIX C - CASH FLOW ANALYSIS - SPS ENERGY PRICED AT THE COST OF ALTERNATIVE BASE LOAD GENERATION C-l
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