This work is dedicated to the memory of Dr. Thomas C. Schweizer, who served as president and CEO of PERI until 2005. Tom pioneered many of the evaluation and planning activities for the Wind Energy Program for more than two decades and was recognized as an international expert in renewable energy technology and economics. He earned the DOE's Wind Energy Outstanding Program Leadership Award in 2003. v The program further assumes Balance-Sheet Financing by a generating company (GenCo), as will be discussed shortly. This is different than industry, which sometimes talks of a "year one COE" or "bid price," which also may be a wholesale price, but which is the nominal cost per kilowatt-hour (kWh) for power produced during the project's first year, which will escalate, and which includes the PTC. In addition, industry may assume another ownership/finance scenario, such as Independent Power Plant (IPP)

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