There is a $24M grant (not a loan) for PJM in PA that they have had out there for a while now with a $5M grant to build it. They have been unable to find someone to JV this with them.
The original estimate of the Stephenstown plant was to be in the $60M range of which I've been told just to buy the power inverters and connect to the grid 20mW of power is worth $10-$25M at a minimum.
I think people need to realize that the sale in Jan is going to sell the entire business (staff, plant, IP) as no one will simply want the plant other than the value of the inverters/connection which ties to the $12M number. They need the people and entire staff's knowledge to make it work and the buyer needs to have the pockets to build multiple plants (3-4/year) and understand the ROE. That said the estimates are kind of wonky as the FERC ruling which is good for them still doesn't give us an idea of what revenues from these plants could be and will not be known until after the auction.
Its worth a flyer but not much more at this time imo. If anyone has a copy of the full FERC statement plus tariff pages I'd be interested for a link.
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