Epomena

Public benefits

What the public gets from the project. A benefit only gets a dollar value when there is evidence for it, and nothing is counted twice.

Real project10 published · 5 derived5 assumptions
Is it worth it to the public?UnknownNo one has published a dollar estimate of the public benefits (3 benefits are described but not measured).

Potential benefit domains

For the public

With the project versus without it

PV benefits
Not measured
No benefit has a dollar estimate
PV costs
$5.2M
Extra cost over the project's life
Benefits ÷ costs
Not measured
Needs at least one measured benefit
Costs only, so far
−$5.2M
Real 7.0% · 2022 dollars
At 2.0% real instead
−$4.0M
OMB A-94 Appendix C low-rate case · PV costs $4.0M
No benefit has a dollar estimate yetSo there is no ratio to show. That means nothing is counted, not that nothing is gained. The benefits are described below.

Present-value waterfall

Present value of costs, counted benefits and net benefit−$6.0M$0$0Economic costs: −$5.2M−$5.2MEconomic costsNot measured: would need to be worth at least $5.2M to break evenneeds ≥ $5.2MNot measuredNet, before unmeasured: −$5.2M−$5.2MNet, before unmeasured

The dashed bar is the 3 benefits described but not measured. Together they would need to be worth at least $5.2M in present value for the project to break even. Epomena has no estimate of whether they are.

Benefit register — Grid outage / restoration

ItemEvidenceStatusCandidate PVCounted PVDecisionEdit
Fewer storm outages along the commercial corridor
Grid outage avoidance
verifiedqualitative—$0Qualitative
Lower storm restoration cost
Avoided restoration cost
verifiedqualitative—$0Qualitative

Audit requirements

Payments that only move money from one party to another are not benefits. A benefit without evidence gets no dollars.

Whose benefit, whose cash?

Public value is not a pledge

Avoided losses are not bond revenueA beneficiary’s avoided losses become a funding source only through an enforceable agreement.

Potential beneficiaries

  • Businesses and residents served from US 98
  • FPL ratepayers
  • Corridor property owners and businesses

Not counted

  • Transfers1
  • Qualitative only3
  • Missing evidence0

Funding eligibility

Map each claimed benefit to a real program, payment commitment or grant purpose before it appears in a funding plan.

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