Project Title: Replacement of 1250kW Generator

Please up
Business Area: Balara Tariff and
Description: Option 3 - Refurbishment of 1250 kW generator of Balara PS installed 2010 but manufactured 2005 then replacement by 2025 are depen
Assumes old genset will be disposed and company will need to rent genset of this size for 2.7M per year to handle incidents and
during extended mainteance periods of gensets

Assumptions and Results

Assumptions Results NPV Profile
NPV Profile
Total CAPEX (Nominal) 61,784,204 NPV (48,617,673) Disc Rate NPV
-
Project life IRR None 0% (102,058,164)
(20,000,000) 0% 5% 10%15%20%25%30%35%
Tax rate 30% Profitability Index None (40,000,000)
5% (70,747,209)
WACC 11% (60,000,000)
11% (48,617,673)

NPV
(80,000,000) 15% (39,058,027)
Payback year: 0 (100,000,000) 20% (30,549,272)
Discounted Payback year: 0 (120,000,000) 25% (24,510,045)
Discount rate
30% (20,078,072)

Prepared by: Reviewed by:

Please input name of preparer or
Proponent Name as applicable.

CAPEX Valuation Template - Network

Date Printed: 06/19/2023 Rev. Feb 2015
 Note:
- Input in the yellow highlighted boxes. Cells in green f
- Please ensure input amounts are consistent with the
- Pro-rate total project cost as necessary if implementa
CAPEX Disbursement Schedule 2 3
Asset Life 2017 2018

Target completion of CAPEX implementation Year

CAPEX - REAL VALUE

CAPEX A 5
CAPEX B 10
CAPEX C 20
CAPEX D 25
TOTAL CAPEX 50,900,000 - -

CAPEX - TERMINAL VALUE

CAPEX A 5
CAPEX B 10
CAPEX C 20
CAPEX D 25
Total Terminal Value - - -

CAPEX - NOMINAL VALUE

CAPEX A 5 - -
CAPEX B 10 - -
CAPEX C 20 - -
CAPEX D 25 - -
TOTAL CAPEX 61,784,204 - -
ighlighted boxes. Cells in green font are with formulas.
amounts are consistent with the expected disbursment based on the timetable.
t cost as necessary if implementation is more than 1 year or will spill over to the succeeding year.
4 5 6 7 8
2019 2020 2021 2022 2023

5,500,000

- - - - 5,500,000

- - - - -

- - - - 6,009,999
- - - - -
- - - - -
- - - - -
- - - - 6,009,999
le.
he succeeding year.
9 10 11 12 13
2024 2025 2026 2027 2028

30,000,000

- 30,000,000 - - -

- - - - -

- - - - -
- - - - -
- 34,778,222 - - -
- - - - -
- 34,778,222 - - -
 14 15 16 17 18
2029 2030 2031 2032 2033

14,000,000

- 14,000,000 - - -

- - - - -

- 18,814,829 - - -
- - - - -
- - - - -
- - - - -
- 18,814,829 - - -
 19 20 21 22
2034 2035 2036 2037

1,400,000 ###

- 1,400,000 - -

- - - -

- 2,181,154 - -
- - - -
- - - -
- - - -
- 2,181,154 - -
 Note:
- Input in the yellow highlighted boxes. Cells in gree

Revenue Sheet
2017 2018 2019
Revenue
Water Revenue - - -
Connection Fees - - -
TOTAL REVENUE - - -

Operating Assumptions
1. Billed Volume (annual total) Total cu.m. - - -
Domestic cu.m.
Semi-Comm cu.m.
Commercial cu.m.
Industrial cu.m.
2. NRW Percentage % 10% 10% 10%
3. Supply cum - - -
4. New Connections (total) Total # - - -
Domestic #
Semi-Comm #
Comml #
Industrial #
Total new connections (cumulative) - -
5. Connection fee (should be net of VAT and guaranty deposit)
Domestic - - -
Semi-Comm - - -
Comml - - -
Industrial - - -
ghted boxes. Cells in green font are with formulas.

2020 2021 2022 2023 2024 2025 2026

- - - - - - -
- - - - - - -
- - - - - - -

- - - - - - -

10% 10% 10% 10% 10% 10% 10%

- - - - - - -
- - - - - - -

- - - - - - -

- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
2027 2028 2029 2030 2031 2032 2033

- - - - - - -
- - - - - - -
- - - - - - -

- - - - - - -

10% 10% 10% 10% 10% 10% 10%

- - - - - - -
- - - - - - -

- - - - - - -

- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
2034 2035 2036 2037

- - - -
- - - -
- - - -

- - - -

10% 10% 10% 10%

- - - -
- - - -

- - - -

- - - -
- - - -
- - - -
- - - -
 Note:
- Input in the yellow highlighted boxes. Ce
- OPEX item captions should be customize
- Formulas in cells highlighted in blue may
- Use Months multiplier to pro-rate OPEX
Operating Expenses - Input base costs without inflation, the m

2017 2018
OPERATING EXPENSES - REAL (NOT INFLATED)
A. Direct Cost
Based on BA input in Top Sheet. Total cost computed below
Production cost - all-in (per cu.m) 7.32 7.32 7.32
B. Costs and Expenses
Months multiplier 12 12
Base Cost
Preventive Maintenance 15,000 - -
Rental of Genset - -
Fuel Cost for New Genset 1,232,000 - -
Fuel Cost for Standby Genset assumed 205,333 - -
Cost item 5 - -
Cost item 6 - -
Cost item 7 - -
Cost item 8 - -
Cost item 9 - -
Cost item 10 - -
Cost item 11 - -
Cost item 12 - -

OPERATING EXPENSES - NOMINAL (INFLATED)

A. Direct Cost - Total production cost - all-in - -
B. Costs and Expenses
1) Pro-rated Expenses
Preventive Maintenance - -
Rental of Genset - -
Fuel Cost for New Genset - -
Fuel Cost for Standby Genset assumed to be used 2 mont - -
Cost item 5 - -
Cost item 6 - -
Cost item 7 - -
Cost item 8 - -
Cost item 9 - -
Cost item 10 - -
Cost item 11 - -
Cost item 12 - -
TOTAL OPEX - INFLATED - -
 w highlighted boxes. Cells in green font are with formulas.
ns should be customized based on the relevant applicable costs and expenses.
highlighted in blue may be edited.
tiplier to pro-rate OPEX items, as needed. Ensure consistency with revenue assumptions.
without inflation, the model will compute for inflation separetely.

2019 2020 2021 2022 2023

7.62 7.32 7.54 7.77 8.00

12 12 12 12 12

- - 180,000 180,000 180,000

- - - - -
- - 1,232,000 1,232,000 1,232,000
- - 410,667 410,667 410,667
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -

- - - - -

- - 185,400 190,962 196,691

- - - - -
- - 1,268,960 1,307,029 1,346,240
- - 422,987 435,676 448,747
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - 1,877,347 1,933,667 1,991,677
ses.

assumptions.

2024 2025 2026 2027 2028

8.24 8.49 8.74 9.01 9.28

12 12 12 12 12

180,000 - 180,000 180,000 180,000

- - - - -
1,232,000 1,232,000 1,232,000 1,232,000 1,232,000
410,667 410,667 410,667 410,667 410,667
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -

- - - - -

202,592 - 214,929 221,377 228,019

- - - - -
1,386,627 1,428,226 1,471,072 1,515,205 1,560,661
462,209 476,075 490,357 505,068 520,220
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
2,051,427 1,904,301 2,176,359 2,241,650 2,308,900
2029 2030 2031 2032 2033

9.56 9.84 10.14 10.44 10.75

12 12 12 12 12

180,000 180,000 180,000 180,000 180,000

- - - - -
1,232,000 1,232,000 1,232,000 1,232,000 1,232,000
410,667 410,667 410,667 410,667 410,667
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -

- - - - -

234,859 241,905 249,162 256,637 264,336

- - - - -
1,607,481 1,655,705 1,705,376 1,756,537 1,809,234
535,827 551,902 568,459 585,512 603,078
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
2,378,167 2,449,512 2,522,997 2,598,687 2,676,647
2034 2035 2036 2037

11.08 11.41 11.75 12.10

12 12 12 12

180,000 180,000 180,000 180,000

- - - -
1,232,000 1,232,000 1,232,000 1,232,000
410,667 410,667 410,667 410,667
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -

- - - -

272,266 280,434 288,847 297,513

- - - -
1,863,511 1,919,416 1,976,998 2,036,308
621,170 639,805 658,999 678,769
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
2,756,947 2,839,655 2,924,845 3,012,590
Depreciation Schedule
TOTAL 2017 2018
TOTAL CAPEX 61,784,204 - -
TOTAL DEPRECIATION EXPENSE 61,784,204 - -

5 TOTAL 2017 2018

CAPEX 27,005,982 - -
Depreciation Expense 27,005,982 - -
Capex 2017 21 - -
Capex 2018 20 -
Capex 2019 19
Capex 2020 18
Capex 2021 17
Capex 2022 16
Capex 2023 15
Capex 2024 14
Capex 2025 13
Capex 2026 12
Capex 2027 11
Capex 2028 10
Capex 2029 9
Capex 2030 8
Capex 2031 7
Capex 2032 6
Capex 2033 5
Capex 2034 4
Capex 2035 3
Capex 2036 2
Capex 2037 1

10 TOTAL 2017 2018

CAPEX - - -
Depreciation Expense - - -
Capex 2017 21 - -
Capex 2018 20 -
Capex 2019 19
Capex 2020 18
Capex 2021 17
Capex 2022 16
Capex 2023 15
Capex 2024 14
Capex 2025 13
Capex 2026 12
Capex 2027 11
Capex 2028 10
Capex 2029 9
Capex 2030 8
Capex 2031 7
Capex 2032 6
Capex 2033 5
Capex 2034 4
Capex 2035 3
Capex 2036 2
Capex 2037 1

20 TOTAL 2017 2018

CAPEX 34,778,222 - -
Depreciation Expense 34,778,222 - -
Capex 2017 21 - -
Capex 2018 20 -
Capex 2019 19
Capex 2020 18
Capex 2021 17
Capex 2022 16
Capex 2023 15
Capex 2024 14
Capex 2025 13
Capex 2026 12
Capex 2027 11
Capex 2028 10
Capex 2029 9
Capex 2030 8
Capex 2031 7
Capex 2032 6
Capex 2033 5
Capex 2034 4
Capex 2035 3
Capex 2036 2
Capex 2037 1

25 TOTAL 2017 2018

CAPEX - - -
Depreciation Expense - - -
Capex 2017 21 - -
Capex 2018 20 -
Capex 2019 19
Capex 2020 18
Capex 2021 17
Capex 2022 16
Capex 2023 15
Capex 2024 14
Capex 2025 13
Capex 2026 12
Capex 2027 11
Capex 2028 10
Capex 2029 9
Capex 2030 8
Capex 2031 7
Capex 2032 6
Capex 2033 5
Capex 2034 4
Capex 2035 3
Capex 2036 2
Capex 2037 1
2019 2020 2021 2022 2023 2024
- - - - 6,009,999 -
- - - - 1,202,000 1,202,000

2019 2020 2021 2022 2023 2024

- - - - 6,009,999 -
- - - - 1,202,000 1,202,000
- - - - - -
- - - - - -
- - - - - -
- - - - -
- - - -
- - -
1,202,000 1,202,000
-

2019 2020 2021 2022 2023 2024

- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - -
- - - -
- - -
- -
-
2019 2020 2021 2022 2023 2024
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - -
- - - -
- - -
- -
-

2019 2020 2021 2022 2023 2024

- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - -
- - - -
- - -
- -
-
 2025 2026 2027 2028 2029 2030
34,778,222 - - - - 18,814,829
3,877,248 3,877,248 3,877,248 2,675,248 2,675,248 6,438,214

2025 2026 2027 2028 2029 2030

- - - - - 18,814,829
1,202,000 1,202,000 1,202,000 - - 3,762,966
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
1,202,000 1,202,000 1,202,000 - - -
- - - - - -
- - - - - -
- - - - -
- - - -
- - -
- -
3,762,966

2025 2026 2027 2028 2029 2030

- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
 - - - - -
- - - -
- - -
- -
-

2025 2026 2027 2028 2029 2030

34,778,222 - - - - -
2,675,248 2,675,248 2,675,248 2,675,248 2,675,248 2,675,248
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
2,675,248 2,675,248 2,675,248 2,675,248 2,675,248 2,675,248
- - - - -
- - - -
- - -
- -
-

2025 2026 2027 2028 2029 2030

- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - -
- - - -
- - -
- -
-
2031 2032 2033 2034 2035
- - - - 2,181,154
6,438,214 6,438,214 6,438,214 6,438,214 3,402,299

2031 2032 2033 2034 2035

- - - - 2,181,154
3,762,966 3,762,966 3,762,966 3,762,966 727,051
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
3,762,966 3,762,966 3,762,966 3,762,966 -
- - - - -
- - - -
- - -
- -
727,051

2031 2032 2033 2034 2035

- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
 - - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - -
- - -
- -
-

2031 2032 2033 2034 2035

- - - - -
2,675,248 2,675,248 2,675,248 2,675,248 2,675,248
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
2,675,248 2,675,248 2,675,248 2,675,248 2,675,248
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - -
- - -
- -
-

2031 2032 2033 2034 2035

- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - -
- - -
- -
-
2036 2037
- -
3,402,299 3,402,299

2036 2037 ###

- -
727,051 727,051
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
727,051 727,051
- -
-

2036 2037 ###

- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
 - -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
-

2036 2037 ###

- -
2,675,248 2,675,248
- -
- -
- -
- -
- -
- -
- -
- -
2,675,248 2,675,248
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
-

2036 2037 ###

- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
-
Valuation - Discounted Cash Flows 0 0 0
2017 2018 2019

EBITDA - - -
Less: Net Change in Working Capital - - -
Less: CAPEX - - -
Add: Terminal Value/ Capital Disposal - - -
Less: Cash Taxes - - -
Total FCF - - -
Discounted FCF - - -
- - -
- - -

PV of Investments (28,933,156)

Net Present Value (48,617,673) -

IRR None
Profitability Index None

Payback Calculation:
Year
Payback year 0
Discounted Payback year 0
 0 1 2 3 4 5 6
2020 2021 2022 2023 2024 2025 2026

- (1,877,347) (1,933,667) (1,991,677) (2,051,427) (1,904,301) (2,176,359)

- 231,454 6,944 7,152 7,366 (18,139) 33,541
- - - (6,009,999) - (34,778,222) -
- - - - - - -
- - - - - - -
- (1,645,893) (1,926,723) (7,994,524) (2,044,061) (36,700,662) (2,142,818)
- (1,482,786) (1,563,772) (5,845,527) (1,346,486) (21,780,057) (1,145,638)
- - (1,645,893) (3,572,616) (11,567,140) (13,611,201) (50,311,863)
- - (1,482,786) (3,046,558) (8,892,085) (10,238,571) (32,018,628)
 7 8 9 10 11 12
2027 2028 2029 2030 2031 2032

(2,241,650) (2,308,900) (2,378,167) (2,449,512) (2,522,997) (2,598,687)

8,050 8,291 8,540 8,796 9,060 9,332
- - - (18,814,829) - -
- - - - - -
- - - - - -
(2,233,601) (2,300,609) (2,369,627) (21,255,545) (2,513,937) (2,589,355)
(1,075,832) (998,295) (926,346) (7,485,873) (797,630) (740,143)
(52,454,681) (54,688,281) (56,988,890) (59,358,517) (80,614,062) (83,127,999)
(33,164,266) (34,240,099) (35,238,394) (36,164,739) (43,650,612) (44,448,243)
 13 14 15 16 17
2033 2034 2035 2036 2037

(2,676,647) (2,756,947) (2,839,655) (2,924,845) (3,012,590)

9,612 9,900 10,197 10,503 10,818
- - (2,181,154) - -
- - - - -
- - - - -
(2,667,036) (2,747,047) (5,010,613) (2,914,342) (3,001,772)
(686,800) (637,301) (1,047,240) (548,748) (509,199)
(85,717,354) (88,384,390) (91,131,437) (96,142,050) (99,056,392) (102,058,164)###
(45,188,386) (45,875,186) (46,512,487) (47,559,726) (48,108,474) (48,617,673)###
Income Statement and Working Capital Schedule
2017 2018 2019
P&L Statement
Revenue - - -
OPEX - - -
EBITDA - - -
Depr and Amort - - -
Pre-Tax Income - - -
Taxes- 30% - - -
Net Income - - -

Working Capital
Collection
Accounts Receivable,beg - - -
Sales - - -
Accounts Receivable,end - - -
Collection - - -
Collection Efficiency 95% 95% 95%

Payments
ST Payables,beg - - -
Opex - - -
ST Payables,end - - -
Payments - - -
AP Days 45 45 45

Change in Working Capital - - -

Net Change in Working Capital - - -
2020 2021 2022 2023 2024 2025 2026

- - - - - - -
- 1,877,347 1,933,667 1,991,677 2,051,427 1,904,301 2,176,359
- (1,877,347) (1,933,667) (1,991,677) (2,051,427) (1,904,301) (2,176,359)
- - - 1,202,000 1,202,000 3,877,248 3,877,248
- (1,877,347) (1,933,667) (3,193,677) (3,253,427) (5,781,548) (6,053,607)
- - - - - - -
- (1,877,347) (1,933,667) (3,193,677) (3,253,427) (5,781,548) (6,053,607)

- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
95% 95% 95% 95% 95% 95% 95%

- - 231,454 238,397 245,549 252,916 234,777

- 1,877,347 1,933,667 1,991,677 2,051,427 1,904,301 2,176,359
- 231,454 238,397 245,549 252,916 234,777 268,318
- 1,645,893 1,926,723 1,984,525 2,044,061 1,922,440 2,142,818
45 45 45 45 45 45 45

- (231,454) (238,397) (245,549) (252,916) (234,777) (268,318)

- (231,454) (6,944) (7,152) (7,366) 18,139 (33,541)
 2027 2028 2029 2030 2031 2032

- - - - - -
2,241,650 2,308,900 2,378,167 2,449,512 2,522,997 2,598,687
(2,241,650) (2,308,900) (2,378,167) (2,449,512) (2,522,997) (2,598,687)
3,877,248 2,675,248 2,675,248 6,438,214 6,438,214 6,438,214
(6,118,898) (4,984,147) (5,053,414) (8,887,725) (8,961,211) (9,036,901)
- - - - - -
(6,118,898) (4,984,147) (5,053,414) (8,887,725) (8,961,211) (9,036,901)

- - - - - -
- - - - - -
- - - - - -
- - - - - -
95% 95% 95% 95% 95% 95%

268,318 276,368 284,659 293,199 301,995 311,054

2,241,650 2,308,900 2,378,167 2,449,512 2,522,997 2,598,687
276,368 284,659 293,199 301,995 311,054 320,386
2,233,601 2,300,609 2,369,627 2,440,716 2,513,937 2,589,355
45 45 45 45 45 45

(276,368) (284,659) (293,199) (301,995) (311,054) (320,386)

(8,050) (8,291) (8,540) (8,796) (9,060) (9,332)
 2033 2034 2035 2036 2037

- - - - -
2,676,647 2,756,947 2,839,655 2,924,845 3,012,590
(2,676,647) (2,756,947) (2,839,655) (2,924,845) (3,012,590)
6,438,214 6,438,214 3,402,299 3,402,299 3,402,299
(9,114,861) (9,195,161) (6,241,955) (6,327,144) (6,414,890)
- - - - -
(9,114,861) (9,195,161) (6,241,955) (6,327,144) (6,414,890)

- - - - -
- - - - -
- - - - -
- - - - -
95% 95% 95% 95% 95%

320,386 329,998 339,898 350,094 360,597

2,676,647 2,756,947 2,839,655 2,924,845 3,012,590
329,998 339,898 350,094 360,597 371,415
2,667,036 2,747,047 2,829,458 2,914,342 3,001,772
45 45 45 45 45

(329,998) (339,898) (350,094) (360,597) (371,415)

(9,612) (9,900) (10,197) (10,503) (10,818)
Assumptions 7 8 9 10 11 12
Variables 2017 2018 2019 2020 2021 2022

Economic/ Financial Assumptions

Tariff Inflation 3% 4% 4% 4% 3% 3%
Inflation Index 100% 100% 104% 100% 103% 106%
CAPEX Inflation 3% 4% 4% 4% 3% 3%
Inflation Index 100% 100% 104% 100% 103% 106%
OPEX Inflation 3% 4% 4% 4% 3% 3%
Inflation Index 100% 100% 104% 100% 103% 106%
Tax Rate
WACC

Working Capital Assumptions

Collection Efficiency 97% 97% 97% 97% 97% 97%
Account Payable Days 45 45 45 45 45 45

Tariff/ Fees Assumptions

Balara 34.15 36.52 37.98 36.52 37.62 38.74
Domestic 23.99 24.18 25.15 24.18 24.91 25.65
Semi-Comm 26.97 27.58 28.68 27.58 28.41 29.26
Comml 59.90 59.86 62.25 59.86 61.66 63.51
Industrial 62.99 66.42 69.08 66.42 68.41 70.46
Cubao 39.35 36.52 37.98 36.52 37.62 38.74
Domestic 25.62 24.18 25.15 24.18 24.91 25.65
Semi-Comm 24.85 27.58 28.68 27.58 28.41 29.26
Comml 58.54 59.86 62.25 59.86 61.66 63.51
Industrial 67.96 66.42 69.08 66.42 68.41 70.46
Makati 40.88 37.55 39.05 37.55 38.68 39.84
Domestic 24.73 23.12 24.04 23.12 23.81 24.53
Semi-Comm 22.69 24.97 25.97 24.97 25.72 26.49
Comml 66.01 62.26 64.75 62.26 64.13 66.05
Industrial 62.96 66.70 69.37 66.70 68.70 70.76
Marikina 23.91 24.25 25.22 24.25 24.98 25.73
Domestic 19.67 19.56 20.34 19.56 20.15 20.75
Semi-Comm 22.09 26.02 27.06 26.02 26.80 27.60
Comml 56.92 57.33 59.62 57.33 59.05 60.82
Industrial 64.89 63.83 66.38 63.83 65.74 67.72
Pasig 24.88 25.29 26.30 25.29 26.05 26.83
Domestic 20.11 20.05 20.85 20.05 20.65 21.27
Semi-Comm 25.29 26.07 27.11 26.07 26.85 27.66
Comml 57.09 57.11 59.39 57.11 58.82 60.59
Industrial 63.46 63.84 66.39 63.84 65.76 67.73
Rizal 25.23 25.29 26.30 25.29 26.05 26.83
 Domestic 19.96 20.35 21.16 20.35 20.96 21.59
Semi-Comm 25.70 28.19 29.32 28.19 29.04 29.91
Comml 56.98 57.41 59.71 57.41 59.13 60.91
Industrial 50.90 44.84 46.63 44.84 46.19 47.57
SJ/ Mandaluyong 36.37 37.55 39.05 37.55 38.68 39.84
Domestic 23.40 23.12 24.04 23.12 23.81 24.53
Semi-Comm 24.93 24.97 25.97 24.97 25.72 26.49
Comml 57.33 62.26 64.75 62.26 64.13 66.05
Industrial 66.85 66.70 69.37 66.70 68.70 70.76
TPAT 32.90 32.65 33.96 32.65 33.63 34.64
Domestic 23.54 23.10 24.02 23.10 23.79 24.51
Semi-Comm 29.77 28.19 29.32 28.19 29.04 29.91
Comml 61.92 58.54 60.88 58.54 60.30 62.11
Industrial 71.91 71.74 74.61 71.74 73.89 76.11

TARIFF - BA Selected
Domestic 23.99 24.18 25.15 24.18 24.91 25.65
Semi-Comm 26.97 27.58 28.68 27.58 28.41 29.26
Comml 59.90 59.86 62.25 59.86 61.66 63.51
Industrial 62.99 66.42 69.08 66.42 68.41 70.46

Cost per cum

Balara 7.54 7.84 8.16 8.48 8.74 9.00
Cubao 5.20 5.41 5.62 5.85 6.02 6.20
Makati 5.91 6.15 6.39 6.65 6.85 7.05
Marikina 10.17 10.58 11.00 11.44 11.79 12.14
Pasig 4.47 4.65 4.83 5.02 5.17 5.33
Rizal 9.95 10.35 10.76 11.19 11.53 11.88
SJ/ Mandaluyong 4.46 4.64 4.83 5.02 5.17 5.32
TPAT 6.62 6.88 7.16 7.45 7.67 7.90
 13 14 15 16 17 18 19 20 21 22
2023 2024 2025 2026 2027 2028 2029 2030 2031 2032

3% 3% 3% 3% 3% 3% 3% 3% 3% 3%
109% 113% 116% 119% 123% 127% 130% 134% 138% 143%
3% 3% 3% 3% 3% 3% 3% 3% 3% 3%
109% 113% 116% 119% 123% 127% 130% 134% 138% 143%
3% 3% 3% 3% 3% 3% 3% 3% 3% 3%
109% 113% 116% 119% 123% 127% 130% 134% 138% 143%

97% 97% 97% 97% 97% 97% 97% 97% 97% 97%
45 45 45 45 45 45 45 45 45 45

39.91 41.10 42.34 43.61 44.91 46.26 47.65 49.08 50.55 52.07
26.42 27.21 28.03 28.87 29.74 30.63 31.55 32.50 33.47 34.47
30.14 31.04 31.97 32.93 33.92 34.94 35.99 37.07 38.18 39.32
65.41 67.37 69.39 71.48 73.62 75.83 78.10 80.45 82.86 85.35
72.58 74.76 77.00 79.31 81.69 84.14 86.66 89.26 91.94 94.70
39.91 41.10 42.34 43.61 44.91 46.26 47.65 49.08 50.55 52.07
26.42 27.21 28.03 28.87 29.74 30.63 31.55 32.50 33.47 34.47
30.14 31.04 31.97 32.93 33.92 34.94 35.99 37.07 38.18 39.32
65.41 67.37 69.39 71.48 73.62 75.83 78.10 80.45 82.86 85.35
72.58 74.76 77.00 79.31 81.69 84.14 86.66 89.26 91.94 94.70
41.03 42.26 43.53 44.84 46.18 47.57 48.99 50.46 51.98 53.54
25.26 26.02 26.80 27.61 28.43 29.29 30.17 31.07 32.00 32.96
27.29 28.10 28.95 29.82 30.71 31.63 32.58 33.56 34.56 35.60
68.03 70.07 72.18 74.34 76.57 78.87 81.24 83.67 86.18 88.77
72.88 75.07 77.32 79.64 82.03 84.49 87.03 89.64 92.33 95.10
26.50 27.29 28.11 28.96 29.82 30.72 31.64 32.59 33.57 34.57
21.37 22.01 22.68 23.36 24.06 24.78 25.52 26.29 27.08 27.89
28.43 29.29 30.16 31.07 32.00 32.96 33.95 34.97 36.02 37.10
62.65 64.53 66.46 68.46 70.51 72.62 74.80 77.05 79.36 81.74
69.75 71.84 74.00 76.22 78.50 80.86 83.28 85.78 88.36 91.01
27.64 28.46 29.32 30.20 31.10 32.04 33.00 33.99 35.01 36.06
21.91 22.57 23.24 23.94 24.66 25.40 26.16 26.95 27.75 28.59
28.49 29.34 30.22 31.13 32.06 33.02 34.02 35.04 36.09 37.17
62.41 64.28 66.21 68.19 70.24 72.35 74.52 76.75 79.05 81.43
69.76 71.85 74.01 76.23 78.52 80.87 83.30 85.80 88.37 91.02
27.64 28.46 29.32 30.20 31.10 32.04 33.00 33.99 35.01 36.06
22.24 22.90 23.59 24.30 25.03 25.78 26.55 27.35 28.17 29.01
30.80 31.73 32.68 33.66 34.67 35.71 36.78 37.89 39.02 40.19
62.73 64.62 66.55 68.55 70.61 72.73 74.91 77.15 79.47 81.85
49.00 50.47 51.98 53.54 55.15 56.80 58.51 60.26 62.07 63.93
41.03 42.26 43.53 44.84 46.18 47.57 48.99 50.46 51.98 53.54
25.26 26.02 26.80 27.61 28.43 29.29 30.17 31.07 32.00 32.96
27.29 28.10 28.95 29.82 30.71 31.63 32.58 33.56 34.56 35.60
68.03 70.07 72.18 74.34 76.57 78.87 81.24 83.67 86.18 88.77
72.88 75.07 77.32 79.64 82.03 84.49 87.03 89.64 92.33 95.10
35.68 36.75 37.85 38.99 40.16 41.36 42.60 43.88 45.20 46.55
25.24 26.00 26.78 27.58 28.41 29.26 30.14 31.04 31.98 32.94
30.80 31.73 32.68 33.66 34.67 35.71 36.78 37.89 39.02 40.19
63.97 65.89 67.86 69.90 72.00 74.16 76.38 78.67 81.03 83.46
78.39 80.74 83.17 85.66 88.23 90.88 93.60 96.41 99.30 102.28

26.42 27.21 28.03 28.87 29.74 30.63 31.55 32.50 33.47 34.47
30.14 31.04 31.97 32.93 33.92 34.94 35.99 37.07 38.18 39.32
65.41 67.37 69.39 71.48 73.62 75.83 78.10 80.45 82.86 85.35
72.58 74.76 77.00 79.31 81.69 84.14 86.66 89.26 91.94 94.70

9.27 9.55 9.84 10.13 10.44 10.75 11.07 11.40 11.75 12.10
6.39 6.58 6.78 6.98 7.19 7.41 7.63 7.86 8.09 8.34
7.26 7.48 7.71 7.94 8.18 8.42 8.67 8.93 9.20 9.48
12.51 12.88 13.27 13.67 14.08 14.50 14.93 15.38 15.84 16.32
5.49 5.65 5.82 6.00 6.18 6.36 6.56 6.75 6.95 7.16
12.23 12.60 12.98 13.37 13.77 14.18 14.61 15.04 15.49 15.96
5.48 5.65 5.82 5.99 6.17 6.36 6.55 6.74 6.95 7.16
8.14 8.38 8.63 8.89 9.16 9.43 9.72 10.01 10.31 10.62
 23 24 25 26 27
2033 2034 2035 2036 2037

3% 3% 3% 3% 3%
147% 151% 156% 160% 165%
3% 3% 3% 3% 3%
147% 151% 156% 160% 165%
3% 3% 3% 3% 3%
147% 151% 156% 160% 165%

97% 97% 97% 97% 97%

45 45 45 45 45

53.63 55.24 56.90 58.60 60.36

35.51 36.57 37.67 38.80 39.97
40.50 41.72 42.97 44.26 45.59
87.91 90.54 93.26 96.06 98.94
97.54 100.47 103.48 106.58 109.78
53.63 55.24 56.90 58.60 60.36
35.51 36.57 37.67 38.80 39.97
40.50 41.72 42.97 44.26 45.59
87.91 90.54 93.26 96.06 98.94
97.54 100.47 103.48 106.58 109.78
55.14 56.80 58.50 60.26 62.06
33.95 34.97 36.02 37.10 38.21
36.67 37.77 38.90 40.07 41.27
91.43 94.17 97.00 99.91 102.91
97.95 100.89 103.92 107.03 110.24
35.61 36.68 37.78 38.91 40.08
28.72 29.59 30.47 31.39 32.33
38.21 39.36 40.54 41.75 43.01
84.19 86.72 89.32 92.00 94.76
93.74 96.55 99.45 102.43 105.50
37.14 38.25 39.40 40.58 41.80
29.44 30.33 31.24 32.17 33.14
38.28 39.43 40.62 41.83 43.09
83.87 86.38 88.98 91.64 94.39
93.75 96.56 99.46 102.44 105.52
37.14 38.25 39.40 40.58 41.80
 29.88 30.78 31.70 32.66 33.64
41.40 42.64 43.92 45.24 46.59
84.31 86.84 89.44 92.13 94.89
65.85 67.82 69.86 71.96 74.11
55.14 56.80 58.50 60.26 62.06
33.95 34.97 36.02 37.10 38.21
36.67 37.77 38.90 40.07 41.27
91.43 94.17 97.00 99.91 102.91
97.95 100.89 103.92 107.03 110.24
47.95 49.39 50.87 52.39 53.97
33.92 34.94 35.99 37.07 38.18
41.40 42.64 43.92 45.24 46.59
85.97 88.55 91.20 93.94 96.76
105.35 108.51 111.77 115.12 118.58

35.51 36.57 37.67 38.80 39.97

40.50 41.72 42.97 44.26 45.59
87.91 90.54 93.26 96.06 98.94
97.54 100.47 103.48 106.58 109.78

12.46 12.83 13.22 13.62 14.02

8.59 8.84 9.11 9.38 9.67
9.76 10.05 10.36 10.67 10.99
16.81 17.31 17.83 18.36 18.92
7.38 7.60 7.83 8.06 8.30
16.44 16.93 17.44 17.96 18.50
7.37 7.59 7.82 8.05 8.29
10.94 11.26 11.60 11.95 12.31
Property, Plant and Equipment
Economic Useful Life

DESCRIPTION Economic Useful Life

WATER
Land 0
Leasehold Improvements 5
Buildings, Structures and Improvements
BSI- House Water Service Connections 5
BSI- Water Meters 5
BSI- Supply Mains 50
BSI- Distribution Reservoir and Boosters 30
BSI- Wells and Facilities 10
BSI- Water Treatment Plant 40
BSI- Transmission and Distribution Mains 25
BSI- Service Pipe Replacement 5
BSI- Buildings and Structures 40

Equipment
Water Office Furnitures and Fixtures 5
IT Software 3
IT Hardware 3
Water Transportation Equipment 5
Water Technical Comm and Other Equipment 5
Water Laboratory and Medical Equipment 5
Water Tools, Shop, Garage and Misc Equipment 5

SEWER
Buildings, Structures and Improvements
BSI- House Sewer Service Connection 10
BSI- Sewer Treatment and Pumping Station 20
BSI- Transmission and Discharge Mains 20

Equipment
Sewer Office Furniture and Fixtures 5
Sewer Transportation Equipment 5
Sewer Technical Comm and Other Equipment 5
Sewer Laboratory and Medical Equipment 5
Sewer Tools Shop Garage and Misc Equipment 5

Construction in Progress 0