Bacalao, Nelson Sent: Wednesday, January 2, 2019 10:05 PM To: jose_perezc40@yahoo.com ce: Gregory A. Rivera Chico; Gerard.Gil@ankura.com; Tim Wang; mattl@filsingerenergy.com; Todd Filsinger; Mary C Zapata Acosta; Efran Paredes Maisonet; Lucas Porter; Saenz, Marcelo; Guha, Mousumi; Henry, Jack (RC-US EM DG PTI NC); Mount, Michael Subject: < >Re: ESM and S432 Base Cases Jose don’t know if you are referring to the text below. But it is old. We are modeling the ESM as agreed, exactly, and the only suggestion is to drop the LPG in the north, The presentation I did to the TAC covers it. Sent from my iPhone On Jan 2, 2019, at 3:44 PM, Jose Perez wrote: Nelson: I‘m not sure about what you established based on our meeting. I don’t know if the asumptions of our meeting are correct. We need to discuss thiem tomorrow. Tks, JPC Sent from Yahoo Mail for iPhone ‘On Wednesday, December 19. 2018, 9:51 AM, Bacaluo, Nelson wrote: ‘The other case Nelson Cell: +1-713-598-3856 From: Bacalao, Nelson (RC-US EM DG SW&C PTINC4) Sent: Tuesday, December 18, 2018 5:52 PM ‘To: Gregory A. Rivera Chico ; Gerard. Gil @ankura.com; Tim Wang ; 1mattl@filsingerenergy.com; Jose Perez Canabal,PE ; Todd Filsinger : MARY ZAPATA @prepa.com; Efran Paredes Maisonet ‘; Lucas Porter ; matt! @filsingerenergy.com Ce: Saenz, Marcelo (RC-US EM DG SW&C PTI EBA) ‘; Guha, Mousumi (RC-US EM DG SW&C PTI EBA2) ; Henry, Jack (RC-US EM DG SW&C PTI NC4) ; Mount, Michael (RC-US EM DG SW&C PTIEBA) Subject: ESM and S4S2 Base Cases lease find attached 4, An update of this morning memo with the results of the S4S2 updated, When we fixed an issue with an H-Class being installed al CS, the case reverted to having both CCGT being installed in 2025. ‘The SJ 546 conversion is not dropping now. . The spreadsheet that provides the analysis of the ESM Case. We are currently assessing the large amount of peakers that are being installed in 2021, beyond the committed Gecision to replace the Frame $ units. I think this has to do with the reduced amount of storage and the fact that the program is retiring the CCs at Aguirre in 2020. ©. Inthe spreadsheet you will also find a tab with the results for EcoBléctrica until the moment that the program retires it 4, Twill send in a separate email the spreadsheet for the S4S2B. Thad a call with Tod Filsinger and Jose Perez-Canabal and from that call the following, ‘modifications to the ESM plan will be implemented: a. The Frame 5 units at Yabucoa will not be force-installed, but we will keep the F-Class as ‘committed decision in 2025 b. The CCs at Aguirre will not be allowed o retire and will stay for the duration of the planning period. Itis necessary for the MiniGrid operation given that there may not be ‘enough load for AES, CS or Eco to come online. The new CC at CS would allow it, but ‘we will set the ESM case so that Beo stays BcoBéctrica will be allowed to cycle as required (see below) On the balance of the LTCE's @. The CCs at Aguirre will not be allowed to retire until 2025, when the CC in the south are built.D. We will review the situation of EcoEléctrica. The CCGT that replaces itis cycling 40 to 42 times per year, which is something that Eco shiould be able to do. However itis cycling only I to 2 times per year. We need to investigate this. Nelson Cell: $1-713-598-3856