cRs-41 APPENDIX D The follcwing simulations illustrate the impact of a 3 percent annual .% electricity growth rate on the program. Assuming an inflation rate of 8 Percent, the utilities‘ cost of capital is varied from 10 percent to 14 percent in the c series. i i i i
64%? ' tHCRSH37 . . APPENDIX c The following Simulations illustrate the impact of three different inflation A- rates on the program: (1) 10 percent, (2) 6 percent, and (3) 8 percent. tTh€ Weighted cost of capital for both utilities and the fund is held constant for this series oft simulations.