ML20003D148
| ML20003D148 | |
| Person / Time | |
|---|---|
| Site: | Monticello  (DPR-022) |
| Issue date: | 12/09/2019 |
| From: | Xcel Energy, Northern States Power Co |
| To: | Office of Nuclear Reactor Regulation |
| Shared Package | |
| ML20003D143 | List:
|
| References | |
| L-MT-19-058 | |
| Download: ML20003D148 (77) | |
Text
0217,&(//283'$7('6$)(7<$1$/<6,65(3257
86$5
6(&7,21
3/$17$8;,/,$5<6<67(06
5HYLVLRQ
3DJHRI
7$%/(2)&217(176
6HFWLRQ
3DJH
10.1 6XPPDU\\'HVFULSWLRQ
,QWURGXFWLRQ
10.2 5HDFWRU$X[LOLDU\\6\\VWHPV
)XHO6WRUDJHDQG)XHO+DQGOLQJ6\\VWHPV
'HVLJQ%DVLV
'HVFULSWLRQ
3HUIRUPDQFH$QDO\\VLV
,QVSHFWLRQDQG7HVWLQJ
6SHQW)XHO3RRO&RROLQJDQG'HPLQHUDOL]HU6\\VWHP
'HVLJQ%DVLV
'HVFULSWLRQ
3HUIRUPDQFH$QDO\\VLV
,QVSHFWLRQDQG7HVWLQJ
5HDFWRU&OHDQXS'HPLQHUDOL]HU6\\VWHP
'HVLJQ%DVLV
'HVFULSWLRQ
3HUIRUPDQFH$QDO\\VLV
,QVSHFWLRQDQG7HVWLQJ
5HDFWRU6KXWGRZQ&RROLQJ6\\VWHP
'HVLJQ%DVLV
'HVFULSWLRQ
3HUIRUPDQFH$QDO\\VLV
,QVSHFWLRQDQG7HVWLQJ
5HDFWRU&RUH,VRODWLRQ&RROLQJ6\\VWHP 5&,&
'HVLJQ%DVLV
'HVFULSWLRQ
3HUIRUPDQFH$QDO\\VLV
5&,&2SHUDWLRQ)ROORZLQJ/RVVRI$&3RZHU
5&,&2SHUDWLRQ)ROORZLQJ1RUPDO5HDFWRU6KXWGRZQ
5&,&$FWLRQZLWK5&,&%UHDN
,QVSHFWLRQDQG7HVWLQJ
0217,&(//283'$7('6$)(7<$1$/<6,65(3257
86$5
6(&7,21
3/$17$8;,/,$5<6<67(06
5HYLVLRQ
3DJHRI
7$%/(2)&217(176 &217
'
6HFWLRQ
3DJH
5HIXHO)ORRU$X[LOLDU\\%ULGJH
'HVLJQ%DVLV
'HVFULSWLRQ
3HUIRUPDQFH$QDO\\VLV
,QVSHFWLRQDQG7HVWLQJ
7DEOH
5HDFWRU$X[LOLDU\\6\\VWHPV6SHQW)XHO3RRO&RROLQJDQG
'HPLQHUDOL]HU6\\VWHP3ULQFLSDO'HVLJQ3DUDPHWHUV
7DEOH
5HDFWRU$X[LOLDU\\6\\VWHPV5HDFWRU&OHDQXS'HPLQHUDOL]HU6\\VWHP
3ULQFLSDO'HVLJQ3DUDPHWHUV
7DEOH
5HDFWRU$X[LOLDU\\6\\VWHPV5HDFWRU&RUH,VRODWLRQ&RROLQJ6\\VWHP
5&,& 3ULQFLSDO&RPSRQHQWV3DUDPHWHUV
10.3 3ODQW6HUYLFH6\\VWHPV
)LUH3URWHFWLRQ6\\VWHP
'HVLJQ%DVLV
'HVFULSWLRQ
)LUH&RQWURO6\\VWHPV
)LUH'HWHFWLRQDQG6LJQDOLQJ6\\VWHPV
(PHUJHQF\\&RPPXQLFDWLRQDQG/LJKWLQJ6\\VWHPV
$GPLQLVWUDWLYH&RQWUROV
)LUH%DUULHUV
3HUIRUPDQFH$QDO\\VLV
- HQHUDO
6PRNH5HPRYDO
(IIHFWVRI:DWHU6SUD\\
,QVSHFWLRQDQG7HVWLQJ
6DIH6KXWGRZQ$QDO\\VLV
- HQHUDO
$VVRFLDWHG&LUFXLWV
)LUH%DUULHUV
$OWHUQDWH6KXWGRZQ6\\VWHP $6'6
3ODQW+HDWLQJ9HQWLODWLQJDQG$LU&RQGLWLRQLQJ6\\VWHPV
'HVLJQ%DVLV
'HVFULSWLRQ
- HQHUDO
0217,&(//283'$7('6$)(7<$1$/<6,65(3257
86$5
6(&7,21
3/$17$8;,/,$5<6<67(06
5HYLVLRQ
3DJHRI
7$%/(2)&217(176 &217
'
6HFWLRQ
3DJH
5HDFWRU%XLOGLQJ
6WDQGE\\*DV7UHDWPHQW6\\VWHP
7XUELQH%XLOGLQJ
5DGZDVWH%XLOGLQJ
3ULPDU\\&RQWDLQPHQW
3HUIRUPDQFH$QDO\\VLV
,QVSHFWLRQDQG7HVWLQJ
3ODQW0DNHXS:DWHU7UHDWPHQW6\\VWHP
'HVLJQ%DVLV
'HVFULSWLRQ
3HUIRUPDQFH$QDO\\VLV
,QVSHFWLRQDQG7HVWLQJ
3ODQW$LU6\\VWHPVDQG1LWURJHQ6\\VWHPV
'HVLJQ%DVLV
'HVFULSWLRQ
,QVWUXPHQWDQG6HUYLFH$LU6\\VWHPV
2XWERDUG06,90DLQ$LU6XSSO\\
$OWHUQDWH1LWURJHQ6\\VWHP
,QVWUXPHQW1LWURJHQ6XSSO\\WR&RQWDLQPHQW
3HUIRUPDQFH$QDO\\VLV
,QVSHFWLRQDQG7HVWLQJ
'RPHVWLF:DWHU6\\VWHP
'HVLJQ%DVLV
'HVFULSWLRQ
3HUIRUPDQFH$QDO\\VLV
3ODQW(TXLSPHQWDQG)ORRU'UDLQDJH6\\VWHPV
'HVLJQ%DVLV
'HVFULSWLRQ
- HQHUDO
'U\\ZHOO5DGLRDFWLYH'UDLQDJH6\\VWHPV
5HDFWRU%XLOGLQJ5DGZDVWH'UDLQDJH6\\VWHP
5HDFWRU%XLOGLQJ'UDLQV
7XUELQH%XLOGLQJ'UDLQV
1RQUDGLRDFWLYH:DWHU'UDLQDJH6\\VWHP
0217,&(//283'$7('6$)(7<$1$/<6,65(3257
86$5
6(&7,21
3/$17$8;,/,$5<6<67(06
5HYLVLRQ
3DJHRI
7$%/(2)&217(176 &217
'
6HFWLRQ
3DJH
3HUIRUPDQFH$QDO\\VLV
'U\\ZHOO5DGLRDFWLYH'UDLQDJH6\\VWHP
5HDFWRU%XLOGLQJ5DGZDVWH'UDLQDJH6\\VWHP
3ODQW3URFHVV6DPSOLQJ6\\VWHP
'HVLJQ%DVLV
'HVFULSWLRQ
3HUIRUPDQFH$QDO\\VLV
,QVSHFWLRQDQG7HVWLQJ
3ODQW&RPPXQLFDWLRQ6\\VWHP
'HVLJQ%DVLV
'HVFULSWLRQ
3HUIRUPDQFH$QDO\\VLV
,QVSHFWLRQDQG7HVWLQJ
3ODQW/LJKWLQJ6\\VWHP
'HVLJQ%DVLV
'HVFULSWLRQ
3HUIRUPDQFH$QDO\\VLV
,QVSHFWLRQDQG7HVWLQJ
3RVW$FFLGHQW6DPSOLQJ6\\VWHP
'HVLJQ%DVLV
'HVFULSWLRQ
- DV6DPSOHV
/LTXLG6DPSOHV
3HUIRUPDQFH(YDOXDWLRQ
&RQWURO5RRP%UHDWKLQJ$LU6\\VWHP
'HVLJQ%DVLV
'HVFULSWLRQ
,QVSHFWLRQDQG7HVWLQJ
7DEOH
3ODQW3URFHVV6DPSOLQJ6\\VWHP/RFDWLRQVRI6DPSOLQJ3RLQWV
10.4 3ODQW&RROLQJ6\\VWHP
3ODQW6HUYLFH:DWHU6\\VWHP
'HVLJQ%DVLV
'HVFULSWLRQ
0217,&(//283'$7('6$)(7<$1$/<6,65(3257
86$5
6(&7,21
3/$17$8;,/,$5<6<67(06
5HYLVLRQ
3DJHRI
7$%/(2)&217(176 &217
'
6HFWLRQ
3DJH
3HUIRUPDQFH$QDO\\VLV
,QVSHFWLRQDQG7HVWLQJ
5HVLGXDO+HDW5HPRYDO6\\VWHP6HUYLFH:DWHU6\\VWHP
'HVLJQ%DVLV
'HVFULSWLRQ
3HUIRUPDQFH$QDO\\VLV
,QVSHFWLRQDQG7HVWLQJ
5HDFWRU%XLOGLQJ&ORVHG&RROLQJ:DWHU6\\VWHP
'HVLJQ%DVLV
'HVFULSWLRQ
3HUIRUPDQFH$QDO\\VLV
,QVSHFWLRQDQG7HVWLQJ
(PHUJHQF\\6HUYLFH:DWHU6\\VWHP
'HVLJQ%DVLV
'HVFULSWLRQ
3HUIRUPDQFH$QDO\\VLV
,QVSHFWLRQDQG7HVWLQJ
10.5 5HIHUHQFHV
),*85(6
)LJXUH
5HDFWRU5HIXHOLQJ6\\VWHP3LFWRULDO
)LJXUH
6KXWGRZQ&RROLQJ0RGH5+56\\VWHP6LPSOLILHG3 ,'
)LJXUH
3ULQFLSDO6DIH6KXWGRZQ6\\VWHPV
0217,&(//283'$7('6$)(7<$1$/<6,65(3257
86$5
6(&7,21
3/$17$8;,/,$5<6<67(06
5HYLVLRQ
3DJHRI
10.1 6XPPDU\\'HVFULSWLRQ
10.1.1,QWURGXFWLRQ
7KLVVHFWLRQGHVFULEHVWKHUHDFWRUDQGSODQWDX[LOLDU\\V\\VWHPVWKDWSURYLGHRSHUDWLRQDO
FRQYHQLHQFHEXWZKLFKDUHQRWLQWHJUDOSRUWLRQVRIWKHUHDFWRUSRZHUFRQYHUVLRQ
HTXLSPHQWRUWKHLUVDIHW\\V\\VWHPV,QFOXGHGDUHUHDFWRUDX[LOLDULHVSODQWVHUYLFHVDQG
FRROLQJV\\VWHPV
10.2 5HDFWRU$X[LOLDU\\6\\VWHPV
10.2.1 )XHO6WRUDJHDQG)XHO+DQGOLQJ6\\VWHPV
'HVLJQ%DVLV
7KHGHVLJQREMHFWLYHVRIWKHIXHOVWRUDJHDQGKDQGOLQJHTXLSPHQWDUH WRSURYLGHD
IXHOVWRUDJHSRROIRUWKHXQGHUZDWHUVWRUDJHRIIXHODVVHPEOLHV WRSURYLGHD
VWRUDJHSRROIRUWKHXQGHUZDWHUVWRUDJHRIUHDFWRUYHVVHOLQWHUQDOV WRSURYLGH
DGHTXDWHSURWHFWLRQDJDLQVWWKHORVVRIZDWHUIURPWKHIXHOSRROVWRUDJH WRSURYLGH
HTXLSPHQWIRUKDQGOLQJERWKQHZDQGLUUDGLDWHGIXHO DQG WRSURYLGHVXIILFLHQW
ZDWHUGHSWKIRUGHFRQWDPLQDWLRQRIUHOHDVHVIURPGDPDJHGIXHOLQWKHFDVHRID
UHIXHOLQJDFFLGHQWDQGSUHYHQWUHOHDVHRIFRQWDPLQDWLRQRUH[SRVXUHRISHUVRQQHOWR
UDGLDWLRQLQH[FHVVRI&)5OLPLWVGXULQJQRUPDORSHUDWLRQV7RDFKLHYHWKHVH
REMHFWLYHVWKHIXHOVWRUDJHDQGKDQGOLQJHTXLSPHQWLVGHVLJQHGXVLQJWKHIROORZLQJ
GHVLJQEDVHV
D
1HZIXHOLVUHFHLYHGDQGVWRUHGLQDPDQQHUZKLFKSUHFOXGHVLQDGYHUWHQW
QXFOHDUFULWLFDOLW\\
E
5HDFWRUUHIXHOLQJJHQHUDOO\\LQYROYHVUHSODFHPHQWRIDERXWRQHWKLUGRIWKHIXHO
DVVHPEOLHVLQWKHFRUHHYHU\\WZHQW\\IRXUPRQWKV
F
7KHIXHODVVHPEOLHVDQGRWKHUUHDFWRUFRPSRQHQWVWREHKDQGOHGDUHRIWKH
VL]HDQGZHLJKWJLYHQLQ6HFWLRQ
G
8QGDPDJHGXVHGIORZFKDQQHOVDUHUHXVHGRQQHZIXHOEXQGOHV VXEMHFWWR
15&UHYLHZ RUQHZXQLUUDGLDWHGIORZFKDQQHOVDUHXVHGRQQHZIXHOEXQGOHV
H
7KHUHLVQRUHOHDVHRIFRQWDPLQDWLRQRUH[SRVXUHRISHUVRQQHOWRUDGLDWLRQLQ
H[FHVVRI&)5OLPLWVGXULQJQRUPDORSHUDWLRQVRULQH[FHVVRI
&)5OLPLWVGXULQJDUHIXHOLQJDFFLGHQW
I
,WLVSRVVLEOHDWDQ\\WLPHWRSHUIRUPOLPLWHGZRUNRQLUUDGLDWHGFRPSRQHQWV
J
6SDFHLVSURYLGHGIRUXVHGFRQWUROURGVIORZFKDQQHOVDQGRWKHUUHDFWRU
FRPSRQHQWV
0217,&(//283'$7('6$)(7<$1$/<6,65(3257
86$5
6(&7,21
3/$17$8;,/,$5<6<67(06
5HYLVLRQ
3DJHRI
K
7KHIXHOVWRUDJHSRROLVGHVLJQHGWRZLWKVWDQGHDUWKTXDNHORDGLQJVRID&ODVV,
VWUXFWXUHDVGHVFULEHGLQ6HFWLRQ
L
7KHQHZIXHOVWRUDJHYDXOWLVGHVLJQHGWRZLWKVWDQGHDUWKTXDNHORDGLQJVRID
&ODVV,VWUXFWXUHDVGHVFULEHGLQ6HFWLRQ
'HVFULSWLRQ
7KHPDMRUFRPSRQHQWVRIWKHVHV\\VWHPVDUHWKHQHZIXHOVWRUDJHYDXOWVSHQWIXHO
VWRUDJHSRROGU\\HUVHSDUDWRUDVVHPEOLHVSRROWKHUHIXHOLQJSODWIRUPDQGIXHO
KDQGOLQJHTXLSPHQWDQGWRROV$SLFWRULDOUHSUHVHQWDWLRQRIWKHUHIXHOLQJIORRULV
VKRZQLQ)LJXUH$SODQYLHZRIWKHUHIXHOLQJIORRULVVKRZQLQ'UDZLQJ
1)6HFWLRQ
7KHQHZIXHOVWRUDJHYDXOWLVDUHLQIRUFHGFRQFUHWH&ODVV,VWUXFWXUHDFFHVVLEOHRQO\\
WKURXJKWRSKDWFKHV5DFNVLQWKHYDXOWKDYHORFDWLRQVWKDWFDQQRWEHXVHGWR
VWRUHIXHO7KHFHQWHUWRFHQWHUVSDFLQJRIEXQGOHVLQWKHUDFNVLVLQFKHVE\\
LQFKHVPLQLPXP7KHUHLVDQRSHQGUDLQLQWKHIORRURIWKHYDXOW
7KHVSHQWIXHOVWRUDJHSRROKDVEHHQGHVLJQHGWRZLWKVWDQGHDUWKTXDNHORDGLQJVDVD
&ODVV,VWUXFWXUH,WLVDUHLQIRUFHGFRQFUHWHVWUXFWXUHFRPSOHWHO\\OLQHGZLWK
VHDPZHOGHGVWDLQOHVVVWHHOSODWHVZHOGHGWRUHLQIRUFLQJPHPEHUV FKDQQHOV
,EHDPVHWF HPEHGGHGLQFRQFUHWH7KHVWDLQOHVVVWHHOOLQHUSUHYHQWVOHDNDJH
HYHQLQWKHHYHQWWKHFRQFUHWHGHYHORSVFUDFNV7RDYRLGXQLQWHQWLRQDOGUDLQLQJRI
WKHSRROWKHUHDUHQRSHQHWUDWLRQVWKDWZRXOGSHUPLWWKHSRROWREHGUDLQHGEHORZD
VDIHVWRUDJHOHYHODQGDOOOLQHVH[WHQGLQJEHORZWKLVOHYHODUHHTXLSSHGZLWKYDOYLQJWR
SUHYHQWV\\SKRQEDFNIORZ7KHSDVVDJHEHWZHHQWKHVSHQWIXHOVWRUDJHSRRODQGWKH
UHIXHOLQJFDYLW\\DERYHWKHUHDFWRUYHVVHOLVSURYLGHGZLWKWZRGRXEOHVHDOHGJDWHV
ZLWKDPRQLWRUHGGUDLQEHWZHHQWKHJDWHV7KLVDUUDQJHPHQWSHUPLWVPRQLWRULQJRI
OHDNVIURPWKHSDVVDJHDQGIDFLOLWDWHVUHSDLURIDJDWHRUVHDOLIQHFHVVDU\\*LYHQD
QRPLQDOIXHOSRROZDWHUOHYHORIIHHWLQFKHVWKHGHSWKRIZDWHULQWKHSRROLV
IHHW LQFKHVDQGWKHGHSWKRIWKHZDWHULQWKHWUDQVIHUFDQDOGXULQJUHIXHOLQJLV
IHHW7KHZDWHULQWKHSRROLVFRQWLQXRXVO\\ILOWHUHGDQGFRROHGE\\WKHVSHQWIXHO
SRROFRROLQJDQGGHPLQHUDOL]HUV\\VWHPGHVFULEHGLQ6HFWLRQ
7KHVSHQWIXHOSRROKDVEHHQPRGLILHGWRLQFUHDVHWKHRULJLQDOFDSDFLW\\IURPIXHO
DVVHPEOLHVWRE\\LQVWDOOLQJQHZ+LJK'HQVLW\\)XHO6WRUDJH6\\VWHP +')66
PRGXOHVRQHRULJLQDOORZGHQVLW\\UDFNDQGWZRFRQWUROEODGHUDFNV2IWKLVFDSDFLW\\
RQO\\ VSHQWIXHOVWRUDJHVORWVDUHXVDEOHSHQGLQJUHVROXWLRQRIDEXOJLQJELQGLQJ
FRQFHUQZLWKHLJKWRIWKHVWRUDJHVORWV7KHQHZPRGXOHVDUHFRPSRVHGRI
UHFWDQJXODUIXHOVWRUDJHWXEHVDUUDQJHGLQD[DUUD\\DQGIDEULFDWHGE\\IRUPLQJ
DQLQQHUDQGRXWHUVKHHWRIVWDLQOHVVVWHHOVDQGZLFKLQJDFRUHRI%RUDO FODGE\\
DOXPLQXP (DFKIXHOWXEHLVYHQWHGWRSDQGERWWRPWRSURYLGHDSRVLWLYHIORZSDWKIRU
DQ\\JDVHVIRUPHGE\\WKHLQWHUDFWLRQRIDOXPLQXPZLWKVWDLQOHVVVWHHO7KHPRGXOH
GHVLJQPDWHULDOVDQGIDEULFDWLRQDUHLQDFFRUGDQFHZLWKWKHUHTXLUHPHQWVRI$60(
&RGH6HFWLRQ,,,6XEVHFWLRQ1) 5HIHUHQFH 7KHPRGXOHVPHHWWKH6HLVPLF
UHTXLUHPHQWVIRU&ODVV,HTXLSPHQW7KHPRGXOHVDUHIUHHVWDQGLQJ$QDO\\VLVKDV
FRQILUPHGWKDWWKHIULFWLRQDOIRUFHVEHWZHHQWKHPRGXOHVXSSRUWDQGWKHSRROIORRU
OLQHUDQGWKHORZVHLVPLFRYHUWXUQLQJPRPHQWRIWKHPRGXOHVPDNHWKHPVWDEOH
XQGHUDOOFRQGLWLRQVRIVWRUDJH&DOFXODWHGKRUL]RQWDOGLVSODFHPHQWRIWKHPRGXOHV
GXULQJDQHDUWKTXDNHLVOHVVWKDQWKHQRPLQDOVSDFLQJDVVXULQJQRLQWHUDFWLRQ
EHWZHHQPRGXOHVUHVXOWLQJIURPDQ66(
0217,&(//283'$7('6$)(7<$1$/<6,65(3257
86$5
6(&7,21
3/$17$8;,/,$5<6<67(06
5HYLVLRQ
3DJHRI
$UHHYDOXDWLRQRIWKHIXHOSRROVWUXFWXUDOFDSDFLW\\IRUWKH+')66LQVWDOODWLRQKDV
VKRZQWKDWWKHH[LVWLQJVWUXFWXUHLVFDSDEOHRIVXSSRUWLQJWKHLQFUHDVHGORDGLQJV
7KLVDQDO\\VLVMXVWLILHGWKHXVHRIRQHFRQWUROEODGHUDFNDQGWZRORZGHQVLW\\IXHO
UDFNVIRUDWRWDORIIXHODVVHPEOLHV$OWKRXJKWKHVSHQWIXHOVWRUDJHSRROKDV
EHHQDQDO\\]HGIRUIXHODVVHPEOLHVWKHFXUUHQWLQVWDOOHGIXHOVWRUDJHUDFN
FRQILJXUDWLRQSURYLGHVIRUVWRUDJHVORWVRIZKLFKRQO\\ DUHXVDEOH7KH
FXUUHQWFRQILJXUDWLRQLVERXQGHGE\\WKLVDQDO\\VLV
7KHEDVLFGHVLJQFULWHULRQDVVRFLDWHGZLWKWKHVWRUDJHRIERWKLUUDGLDWHG VSHQW DQG
QHZIXHOLVWKDWWKHHIIHFWLYHPXOWLSOLFDWLRQIDFWRURIIXHOVWRUHGXQGHUQRUPDO
FRQGLWLRQVDQGDEQRUPDOVWRUDJHFRQGLWLRQVDUHOLPLWHGWRDQHIIHFWLYHPXOWLSOLFDWLRQ
IDFWRURI RUOHVVIRUERWKKLJKDQGUHJXODUGHQVLW\\IXHOVWRUDJHGHVLJQV
$&ULWLFDOLW\\6DIHW\\$QDO\\VLV &6$ IRUWKH0RQWLFHOORVSHQWIXHOSRROVWRUDJHSRROWKDW
YHULILHVFRQIRUPDQFHZLWKWKHDERYHFULWHULRQLVGRFXPHQWHGLQ$13 3
5HIHUHQFH 7KH&6$VKRZVWKDWWKHFULWHULRQLVPHWLIWKHIXHODVVHPEOLHVH[KLELW
DPD[LPXPODWWLFHNLQILQLW\\RILQWKHVSHQWIXHOVWRUDJHSRROUDFNJHRPHWU\\
7KHDQDO\\VLVVXSSRUWVVWRUDJHLQERWKWKHKLJKGHQVLW\\VWRUDJHUDFNVDQGWKH
UHPDLQLQJRULJLQDOORZGHQVLW\\VWRUDJHUDFNDVORQJDVDPLQLPXPRILQFKVSDFLQJ
LVPDLQWDLQHGEHWZHHQWKHRULJLQDODQGDGMDFHQWKLJKGHQVLW\\UDFN
$VGHWDLOHGLQ7DEOHRI$13 3 DGKHUHQFHWRWKHIROORZLQJHQULFKPHQWDQG
JDGROLQLDORDGLQJUHTXLUHPHQWVZLOOHQVXUHWKDWWKHLQUDFNUHDFWLYLW\\UHTXLUHPHQWLV
PHW
0D[LPXP/DWWLFH$YHUDJH(QULFKPHQWZW8
0LQLPXP1XPEHURI5RGVFRQWDLQLQJ*G2
1RWH
0LQLPXPZW*G2LQWKHVH*G5RG
7RS/DWWLFHV
%RWWRP/DWWLFHV
1RWH
1RWH
1RWHV
7KHVHHLJKWJDGROLQLDURGVFDQQRWEHORDGHGRQWKHSHULPHWHURIWKHODWWLFHRU
DGMDFHQWWRWKHZDWHUFKDQQHO$QHTXLYDOHQWRIJDGROLQLDURGVPXVWEH
ORDGHGDORQJHDFKVLGHKRZHYHU WZRIDFHDGMDFHQWJDGROLQLDURGVFRXQWDV
RQHLQIXOILOOLQJWKLVUHTXLUHPHQW*DGROLQLDLVQRWUHTXLUHGLQQDWXUDO8UDQLXP
EODQNHWVDQGWKHUHDUHQRUHVWULFWLRQVRQWKHQXPEHUFRQFHQWUDWLRQRU
SODFHPHQWRIDQ\\DGGLWLRQDOJDGROLQLDURGV
7KHZWPLQLPXP*G2FRQFHQWUDWLRQDSSOLHVWRWKHWRSODWWLFHVWKRVH
D[LDOO\\ORFDWHGDERYHWKHWRSRIWKHDFWLYHIXHOUHJLRQLQWKHSDUWOHQJWKIXHO
URGV
7KH ZWPLQLPXP*G2FRQFHQWUDWLRQDSSOLHVWRWKHERWWRPODWWLFHV
WKRVHD[LDOO\\ORFDWHGLQWKHERWWRPRIWKHDVVHPEO\\XSWRWKHWRSRIWKHDFWLYH
IXHOUHJLRQLQWKHSDUWOHQJWKIXHOURGV
$VVHPEOLHVFRQWDLQLQJODWWLFHVWKDWGRQRWPHHWWKHDERYHHQULFKPHQWDQGJDGROLQLD
ORDGLQJUHTXLUHPHQWVPD\\VWLOOEHVWRUHGLQWKHVWRUDJHSRROLIDQDQDO\\VLVLV
SHUIRUPHGLQDFFRUGDQFHZLWKWKHUHTXLUHPHQWVRI7DEOHDQG$SSHQGL[$RI
$13 3 WKDWH[SOLFLWO\\FRQILUPVWKDWWKHLQUDFNNLQILQLW\\UHTXLUHPHQWKDVEHHQ
PHW
0217,&(//283'$7('6$)(7<$1$/<6,65(3257
86$5
6(&7,21
3/$17$8;,/,$5<6<67(06
5HYLVLRQ
3DJH RI
7KH0RQWLFHOOR&6$SURYLGHVDUHVXOWWKDWERXQGVWKHUHDFWLYLW\\RIWKHIXHOWREH
ORDGHGLQWRWKHVSHQWIXHOVWRUDJHSRRORQD SHUFHQWSUREDELOLW\\ZLWKD SHUFHQW
FRQILGHQFHOHYHO7KLV UHVXOWLQFOXGHVDOORZDQFHVIRUXQFHUWDLQWLHVLQ
SDUDPHWHUVWKDWKDYHWKHSRWHQWLDOWRDIIHFWWKHILQDOUHVXOWDVZHOODVDGGHUVIRU
NQRZQELDVHV7KHVHXQFHUWDLQWLHVLQFOXGHPDQXIDFWXULQJXQFHUWDLQWLHVIRUWKHIXHO
DVVHPEO\\ IXHOURGSLWFKHQULFKPHQW82SHOOHWGHQVLW\\FKDQQHOJURZWKFKDQQHO
WKLFNQHVVSHOOHWGLDPHWHUFODGGLDPHWHUSHOOHWYRLGYROXPHJDGROLQLDFRQFHQWUDWLRQ
DQGJDGROLQLDSHOOHWGHQVLW\\ PDQXIDFWXULQJXQFHUWDLQWLHVIRUWKHVWRUDJHUDFN $UHDO
%GHQVLW\\ERUDOVKHHWZLGWKERUDOWKLFNQHVVVWDLQOHVVVWHHOZDOOWKLFNQHVVDQG
VWRUDJHFHOOSLWFK DQGXQFHUWDLQWLHVUHODWHGWRWKH.(129DFRPSXWHUFRGHXVHGLQ
WKHDQDO\\VLV7KHELDVHVLQFOXGHWKRVHUHODWHGWRYDOLGDWLRQRIWKHPHWKRGRORJ\\
OLPLWLQJDFFLGHQWDQGSRWHQWLDODEQRUPDOFRQGLWLRQVVXFKDVDFRQVHUYDWLYHWUHDWPHQW
RIK\\SRWKHWLFDOERUDOEOLVWHULQJ
7KH&6$LVSHUIRUPHGXVLQJ5HDFWLYLW\\(TXLYDOHQWDW%HJLQQLQJ2I/LIH 5(%2/
ODWWLFHVWKDWERXQGWKHSHDNUHDFWLYLW\\RIWKHFRUUHVSRQGLQJUHIHUHQFHERXQGLQJ
ODWWLFHVLQFOXGLQJDFRQVHUYDWLYHELDVWRDFFRXQWIRUGHSOHWLRQDQGRWKHUXQFHUWDLQWLHV
7KHXQGHUO\\LQJUHIHUHQFHERXQGLQJODWWLFHVDUHGHVFULEHGE\\WKHHQULFKPHQWDQG
JDGROLQLDUHTXLUHPHQWVVSHFLILHGDERYH(YDOXDWLRQDWDYDULHW\\RIFRQGLWLRQV
LQFOXGLQJIXHOWHPSHUDWXUHPRGHUDWRUYRLGIUDFWLRQSRZHUGHQVLW\\FRQWUROOHGYHUVXV
XQFRQWUROOHGGHSOHWLRQVDQGFKDQQHOHGYHUVXVXQFKDQQHOHGDVVHPEOLHVZHUHXVHG
WRHQVXUHWKDWWKHOLPLWLQJUHDFWLYLW\\FRQGLWLRQZDVVHOHFWHGIRUWKHVHUHIHUHQFH
ODWWLFHV
&)5UHTXLUHVWKDWWKHHIIHFWLYHPXOWLSOLFDWLRQIDFWRURIWKHQHZIXHOYDXOWQRW
H[FHHG XQGHURSWLPXPPRGHUDWRUFRQGLWLRQV1RHYDOXDWLRQH[LVWVVKRZLQJWKDW
WKHHIIHFWLYHPXOWLSOLFDWLRQFRQVWDQWRIWKHQHZIXHOYDXOWZLOOUHPDLQEHORZ XQGHU
RSWLPXPPRGHUDWRUFRQGLWLRQV WKHUHIRUHWKHQHZIXHOYDXOWFDQQRWEHXVHGWRVWRUH
IXHO 5HIHUHQFH
7KHH[LVWLQJFRROLQJFDSDFLW\\RIWKH6)3LVVXIILFLHQWWRUHPRYHWKHKHDWORDGGXULQJ
QRUPDOHQGRIF\\FOHGLVFKDUJHVDVVXPLQJDPRQWKUHIXHOLQJF\\FOH)RUKLJKHU
KHDWORDGVVXFKDVDIXOOFRUHRIIORDGWKH5+5FRROLQJV\\VWHPFDQEHXVHGLI
QHFHVVDU\\
7KHVSHQWIXHOVWRUDJHSRROPD\\KROGLQDGGLWLRQWRWKHIXHODVVHPEOLHVFRQWUROURG
EODGHVRQWHPSRUDU\\VWRUDJHKDQJHUVWHPSRUDU\\FRQWUROFXUWDLQVGHIHFWLYHIXHO
FRQWDLQHUVXVHGIORZFKDQQHOVDQGVPDOOUHDFWRUYHVVHOFRPSRQHQWVWRSURYLGHIRUD
FRPSOHWHFRUHXQORDGLQJ&XUUHQWO\\VWRUDJHLVSURYLGHGIRU IXHOEXQGOHV
FRQWUROEODGHVDQGIORZFKDQQHOV$IW[IWDUHDRIWKHSRROLVUHVHUYHGIRU
ORDGLQJDVSHQWIXHOFDVN$GGLWLRQDOVWRUDJHIRUODUJHFRPSRQHQWVVXFKDVWKH
VWHDPGU\\HUDQGVHSDUDWRUDVVHPEOLHVLVSURYLGHGLQDVHSDUDWHVWRUDJHSRRO
DGMDFHQWWRWKHUHDFWRUKHDGFDYLW\\
$UHIXHOLQJSODWIRUPHTXLSSHGZLWKDUHIXHOLQJJUDSSOHDQGWZRWRQDX[LOLDU\\
KRLVWVLVSURYLGHG(LWKHURIWKHVHKRLVWVFDQEHSRVLWLRQHGIRUVHUYLFLQJWKHUHDFWRU
KHDGFDYLW\\RUWKHIXHOVWRUDJHSRRO7KHRSHUDWLQJIORRULVVHUYLFHGE\\DVLQJOHIDLOXUH
SURRI UHGXQGDQW UHDFWRUEXLOGLQJFUDQHZKLFKLVHTXLSSHGZLWKDWRQPDLQKRLVW
DQGDWRQFRQYHQWLRQDODX[LOLDU\\KRLVW7KHVHKRLVWVFDQUHDFKDQ\\PDMRUHTXLSPHQW
VWRUDJHDUHDRQWKHUHIXHOLQJ RSHUDWLQJ IORRU7KHUHDFWRUEXLOGLQJFUDQHPD\\HLWKHU
EHFDERUUHPRWHO\\RSHUDWHG
0217,&(//283'$7('6$)(7<$1$/<6,65(3257
86$5
6(&7,21
3/$17$8;,/,$5<6<67(06
5HYLVLRQ
3DJHRI
7KHVLQJOHIDLOXUHSURRIUHDFWRUEXLOGLQJFUDQHZDVSURYLGHGE\\LQVWDOOLQJDQHZ
UHGXQGDQWFUDQHWUROOH\\DQGPRGLI\\LQJWKHH[LVWLQJFRQWUROVWRPLQLPL]HVLQJOHIDLOXUH
YXOQHUDELOLW\\7KHVHPRGLILFDWLRQVSURYLGHDFUDQHZKLFKFRPSOLHVZLWK5HJ*XLGH
³2YHUKHDG&UDQH+DQGOLQJ6\\VWHPVIRU1XFOHDU3RZHU3ODQWV')HE
5HIHUHQFH DVDSSOLFDEOHWRDQRSHUDWLQJSODQW
8QGHUZDWHUYDFXXPFOHDQLQJHTXLSPHQWLVDYDLODEOHIRUUHPRYDORIGLUWDQGVPDOO
SDUWLFOHV$YDULHW\\RIWRROVDUHSURYLGHGIRUUHPRWHKDQGOLQJRIWKHIXHOWKHUHDFWRU
LQWHUQDOVDQGWKHIORZFKDQQHOV
7KHUHDUHVHYHUDORSWLRQVIRUWKHVHTXHQFHRIHYHQWVLQYROYHGLQLQVSHFWLQJDQG
UHDG\\LQJQHZIXHOEXQGOHVIRULQVHUWLRQLQWRWKHUHDFWRUFRUH7KHEDVLFVWHSVLQYROYH
PRYHPHQWRIQHZIXHOEXQGOHVLQVKLSSLQJFRQWDLQHUVWRWKHUHIXHOLQJIORRUDQG
FULWLFDOLW\\VDIHWHPSRUDU\\VWRUDJHFRQILJXUDWLRQVWKHUH UHPRYDORIWKHEXQGOHV
IURPWKHVHVKLSSLQJFRQWDLQHUVDQGSODFHPHQWLQWKHQHZIXHOLQVSHFWLRQVWDQG
LQVSHFWLRQRIWKHQHZIXHOIROORZHGE\\LQVWDOODWLRQRIDQHZXQLUUDGLDWHGFKDQQHODQG
SODFHPHQWLQWKHVSHQWIXHOSRRORUSODFHPHQWLQWKHVSHQWIXHOSRROIRULPPHGLDWHRU
GHOD\\HGLQVWDOODWLRQRID³UHXVHG'LUUDGLDWHGIXHOFKDQQHORUDQHZXQLUUDGLDWHG
FKDQQHO
,QSUHSDUDWLRQIRUUHIXHOLQJWKHIROORZLQJVHTXHQFHRIHYHQWVRFFXUV
D
&RQFUHWHVKLHOGSOXJVDUHUHPRYHGIURPWKHUHDFWRUKHDGFDYLW\\DQG
GU\\HUVHSDUDWRUVWRUDJHFDQDO
E
7KH'U\\ZHOO+HDGLVXQEROWHGDQGUHPRYHG
F
7KHUHDFWRUYHVVHOKHDGLQVXODWLRQLVUHPRYHG
G
7KHUHDFWRUYHVVHOKHDGLVXQEROWHGDQGUHPRYHG
H
7KH6WHDP'U\\HULVWUDQVIHUUHGWRWKHGU\\HUVHSDUDWRUVWRUDJHSRRO
I
7KH6WHDP6HSDUDWRULVXQEROWHGIURPWKHFRUHVKURXG
J
7KHZDWHUOHYHOLVUDLVHGLQWKHUHDFWRUFDYLW\\DQGGU\\HUVHSDUDWRUVWRUDJHSRRO
DQGWKHVWHDPVHSDUDWRULVWUDQVIHUUHGWRWKHVWRUDJHORFDWLRQLQWKHSRRO WKH
VWHDPVHSDUDWRULVVRPHWLPHVWUDQVIHUUHGSULRUWRUDLVLQJZDWHUOHYHO
K
7KH)XHO6WRUDJHSRROJDWHVDUHUHPRYHG
6SHQWIXHOLVUHPRYHGIURPWKHUHDFWRUYHVVHOXVLQJWKHPDLQIXHOJUDSSOHDWWDFKHGWR
WKHUHIXHOLQJSODWIRUPDQGSODFHGLQUDFNVLQWKHVSHQWIXHOVWRUDJHSRRO7KHVDPH
HTXLSPHQWLVXVHGWRWUDQVIHUWKHQHZIXHOIURPWKHVSHQWIXHOVWRUDJHSRROWRWKH
UHDFWRUYHVVHO7KHVHTXHQFHRIIXHOPRYHPHQWVLVGHWHUPLQHGIRUHDFKUHIXHOLQJ
EDVHGRQWKHVSHFLILFFRQGLWLRQVDVVRFLDWHGZLWKWKDWUHIXHOLQJ
$IWHUUHIXHOLQJLVFRPSOHWHGWKHUHDFWRULVSUHSDUHGIRURSHUDWLRQE\\HVVHQWLDOO\\
UHYHUVLQJWKHSUHSDUDWLRQSURFHGXUHDERYH
0217,&(//283'$7('6$)(7<$1$/<6,65(3257
86$5
6(&7,21
3/$17$8;,/,$5<6<67(06
5HYLVLRQ
3DJHRI
7KHIORZFKDQQHOVDQGVSHQWIXHOEXQGOHVDUHWHPSRUDULO\\VWRUHGLQVSHQWIXHOVWRUDJH
SRROUDFNV:KHQWKHGHFD\\KHDWRIWKHVSHQWIXHOGHFOLQHVVXIILFLHQWO\\DVSHQWIXHO
FDVNLVVHWLQWRWKHSRROXVLQJWKHUHDFWRUEXLOGLQJFUDQH7KHVSHQWIXHOLVORDGHGLQWR
WKHFDVNXQGHUZDWHUDQGWKHFDVNLVFORVHGDQGUHPRYHGIURPWKHSRRO$IWHU
GHFRQWDPLQDWLRQWKHVSHQWIXHOFDVNLVORZHUHGE\\WKHUHDFWRUEXLOGLQJFUDQHWRD
WUXFNRUUDLOZD\\FDULQWKHHTXLSPHQWDFFHVVDUHD
6SHQW)XHOFDVNVPD\\EHWUDQVIHUUHGRIIVLWHRUWRWKHVLWH¶V,QGHSHQGHQW6SHQW)XHO
6WRUDJH,QVWDOODWLRQ ,6)6, 7KH,6)6,XWLOL]HVWKH18+2066WDQGDUGL]HG6WRUDJH
6\\VWHPFRQVLVWLQJRI'U\\6KLHOGHG&DQLVWHUV '6&V VWRUHGLQFRQFUHWH+RUL]RQWDO
6WRUDJH0RGXOHV +60V 7KH,6)6,LVGHVLJQHGDQGOLFHQVHGLQDFFRUGDQFHZLWK
&)5
6SHQWIXHOVWRUDJHSRROOHYHOPRQLWRULQJFDQEHDFKLHYHGE\\WZRLQGHSHQGHQW
SHUPDQHQWZLGHVSDQOHYHOPHDVXUHPHQWFKDQQHOV7KHOHYHOPHDVXUHPHQWLV
DFFRPSOLVKHGE\\D02+57HVWDQG0HDVXUHPHQW//&VXSSOLHGJXLGHGZDYHW\\SH
PHDVXUHPHQWSUREHDQGVLJQDOSURFHVVRU(DFKVLJQDOSURFHVVRUIHDWXUHVDQ
LQWHJUDOGLVSOD\\WKDWZLOOLQGLFDWHWKH6)3OHYHO7KHPDLQVLJQDOSURFHVVRUDQG
EDWWHU\\HQFORVXUHLVORFDWHGLQWKH&RQWURO5RRPDQGWKHEDFNXSVLJQDOSURFHVVRU
DQGEDWWHU\\HQFORVXUHLVORFDWHGLQWKH()7%XLOGLQJQHDUWKHDOWHUQDWHVKXWGRZQ
SDQHO
3HUIRUPDQFH$QDO\\VLV
7KHQHZIXHOYDXOWLVQRWXVHGIRUIXHOVWRUDJH7KHYDXOWIORRUGUDLQSUHYHQWVIORRGLQJ
7KHVSDFLQJRIIXHOEXQGOHVLQWKHVSHQWIXHOVWRUDJHSRRODQG%RUDOLQWKHVWRUDJH
UDFNVPDLQWDLQVNHII
$UDGLDWLRQPRQLWRUQHDUWKHQHZIXHOVWRUDJHYDXOWSURYLGHVZDUQLQJRIDQ\\UDGLDWLRQ
OHYHOLQFUHDVHDERYHQRUPDORSHUDWLQJFRQGLWLRQV
)XHOVWRUHGLQWKHVSHQWIXHOVWRUDJHSRROLVFRYHUHGZLWKVXIILFLHQWZDWHUIRUUDGLDWLRQ
VKLHOGLQJDQGLUUDGLDWHGIXHOEHLQJPRYHGLVQRUPDOO\\FRYHUHGE\\DSSUR[LPDWHO\\HLJKW
IHHWRIZDWHURYHUWKHDFWXDOIXHOSHOOHWV7KHUHLVVXIILFLHQWZDWHUGHSWKDERYHWKHIXHO
WRSURYLGHGHFRQWDPLQDWLRQRIUHOHDVHVIURPGDPDJHGIXHOUHVXOWLQJIURPD
IXHOKDQGOLQJDFFLGHQW
6SHFLDOKDQGOLQJDFWLYLWLHVVXFKDVIXHODVVHPEO\\UHFRQVWLWXWLRQFDQEULQJIXHOSLQVWR
ZLWKLQIHHWRIWKHSRROVXUIDFH5DGLDWLRQOHYHOVDERYHWKHIXHOSRRODUHPRQLWRUHG
FRQVWDQWO\\E\\$UHD5DGLDWLRQ0RQLWRUVDQG$LUERUQH$FWLYLW\\0RQLWRUVHTXLSSHGZLWK
DXGLEOHDODUPVWKDWFRXOGDFWLYDWHDQGFDXVHHYDFXDWLRQRIWKHUHIXHOLQJIORRU
$VHWRILQWHUORFNVSUHYHQWVKDQGOLQJRIIXHORYHUWKHUHDFWRUZKHQDFRQWUROURGLV
ZLWKGUDZQH[FHSWZKHQE\\SDVVHGDVDOORZHGE\\7HFKQLFDO6SHFLILFDWLRQVDQG
DQRWKHUVHWRILQWHUORFNVSUHYHQWVFRQWUROURGZLWKGUDZDOZKHQIXHOLVEHLQJKDQGOHG
RYHUWKHUHDFWRU/RDGOLPLWVZLWFKHVDUHSURYLGHGRQWKHKRLVWWRSUHYHQWGDPDJLQJ
IXHOLQWKHHYHQWDIXHOHOHPHQWVKRXOGEHFRPHVQDJJHG/LPLWVZLWFKHVRQWKH
IXHOLQJSODWIRUPKRLVWVLQWHUUXSWSRZHUWRWKHKRLVWVZKHQIXHOLVUDLVHGWRDSRLQW
DSSUR[LPDWHO\\HLJKWIHHWEHORZWKHVXUIDFHRIWKHSRROZDWHUDQGWKHEUDNHVRQDOO
HTXLSPHQWORFNXSRQORVVRISRZHU0HFKDQLFDOLQWHUORFNVDUHSURYLGHGRQWKHKRLVW
WRHQVXUHWKDWVSHQWIXHOLVQRWKDQGOHGZLWKDQLQDGHTXDWHGHSWKRIZDWHUIRU
VKLHOGLQJ
0217,&(//283'$7('6$)(7<$1$/<6,65(3257
86$5
6(&7,21
3/$17$8;,/,$5<6<67(06
5HYLVLRQ
3DJHRI
$OLTXLGOHYHOVZLWFKPRQLWRULQJSRROZDWHUOHYHOLVSURYLGHGWRGHWHFWORVVRIZDWHUDQG
ZDUQWKHUHDFWRURSHUDWRULQWLPHWRSHUPLWUHILOOLQJRIWKHSRROIURPWKHFRQGHQVDWH
VWRUDJHDQGWUDQVIHUV\\VWHPRURWKHUDYDLODEOHV\\VWHPV,QDGGLWLRQDVHFRQGOHYHO
VZLWFKLQWKHVNLPPHUVXUJHWDQNLVSURYLGHGWRSHUPLWDOPRVWLQVWDQWDQHRXVZDWHU
ORVVGHWHFWLRQ
3URWHFWLRQRIWKHVSHQWIXHOSRROIURPORVVRIZDWHUWKURXJKWKHOLQHUKDVEHHQ
DQDO\\]HG$Q\\XQH[SHFWHGOHDNDJHLVSULPDULO\\GUDLQHGRIIIURPWKHOLQHUVHDPOHDN
GHWHFWLRQV\\VWHP2WKHUVHHSDJHWRWKHIORRUEHORZLVSLFNHGXSLQWKHUHDFWRU
EXLOGLQJIORRUGUDLQUDGZDVWHVXEV\\VWHP$YDLODEOHUHILOOV\\VWHPVZRXOGIDUH[FHHG
PDNHXSUHTXLUHPHQWVIRUDQ\\H[SHFWHGOHDNDJH1RUPDOIXHOVWRUDJHSRROPDNHXS
FDSDFLW\\LVJSP$VDEDFNXSV\\VWHPDJSPFRQGHQVDWHEDFNZDVK
VXEV\\VWHPLVDOVRDYDLODEOH$VXSSO\\RIZDWHUIURPWKH)LUH6\\VWHPLVDOZD\\V
DYDLODEOHDVDVRXUFHIRUHPHUJHQF\\PDNHXS
$UHGXQGDQWUHDFWRUEXLOGLQJRYHUKHDGFUDQHV\\VWHPKDVEHHQVXSSOLHGIRUKDQGOLQJ
KHDY\\ORDGVERWKGXULQJUHIXHOLQJRSHUDWLRQVDQGGXULQJRSHUDWLRQVLQYROYLQJWKH
WUDQVIHURIVSHQWIXHORIIVLWHRUWRWKHVLWH¶V,QGHSHQGHQW6SHQW)XHO6WRUDJH
,QVWDOODWLRQ ,6)6, 6XFKVSHQWIXHOWUDQVIHUVFDQWDNHSODFHHLWKHUZKHQWKHSODQWLV
RSHUDWLQJRUVKXWGRZQ7KHUHGXQGDQWFUDQHKDVEHHQLQVWDOOHGWRUHGXFHWKH
SUREDELOLW\\RIDKHDY\\ORDGGURSWRWKHFDWHJRU\\RIDQLQFUHGLEOHHYHQW
7KHKHDYLHVWORDGRWKHUWKDQWKHVSHQWIXHOFDVNWKDWKDVWREHKDQGOHGGXULQJ
UHIXHOLQJRSHUDWLRQVZKHQWKHSODQWLVVKXWGRZQLVFRPSDUDEOHLQZHLJKWWRWKH
,)VKLSSLQJFDVNRUWKHORDGHG18+206VSHQWIXHOWUDQVIHUFDVN
6XFK³UHIXHOLQJ'ORDGVZRXOGRQO\\EHKDQGOHGZKHQWKHSODQWLVLQDFROGVKXWGRZQ
FRQGLWLRQ6XIILFLHQWGLYHUVLW\\LQHTXLSPHQWH[LVWVWRPDLQWDLQWKHUHDFWRULQDFROG
VKXWGRZQFRQGLWLRQVKRXOGDQ\\RQHRIWKH³UHIXHOLQJ'ORDGVEHGURSSHG7KHUHIRUH
WKLVRSHUDWLRQGRHVQRWSRVHDVLJQLILFDQWVDIHW\\KD]DUG
01*3KDVXSJUDGHGWKHRYHUKHDGFUDQHV\\VWHPE\\PDNLQJFHUWDLQPRGLILFDWLRQV
7KHVHPRGLILFDWLRQVFRQVLVWRIUHSODFLQJWKHH[LVWLQJWUROOH\\DQGKRLVWLQJV\\VWHP
- LWKLQWKHFRQVWUDLQWVRIDYDLODEOHVSDFHDQGUHTXLUHPHQWVUHODWLYHWRSHUIRUPDQFH
PRYHPHQWDQGZHLJKWWKHQHZWUROOH\\DQGUHGHVLJQHGKRLVWLQJV\\VWHPZKHUH
SUDFWLFDOSURYLGHVDGXDOORDGSDWKVLQJOHIDLOXUHSURRIKRLVWLQJV\\VWHPZKLFK
FRPSOLHVZLWKWKHSURYLVLRQVRIGUDIW15&5HJXODWRU\\*XLGH³2YHUKHDG&UDQH
+DQGOLQJ6\\VWHPVIRU1XFOHDU3RZHU3ODQWV' 5HIHUHQFH 7KHQRQUHGXQGDQW
FRPSRQHQWVHJPDLQKRRNORDGEORFNVKDIWVDQGVWUXFWXUHVKDYHLQFUHDVHGORDG
VDIHW\\IDFWRUVWRUHGXFHWKHOLNHOLKRRGRIWKHLUIDLOXUH
,WFDQEHFRQFOXGHGWKDWPRGLILFDWLRQVWRWKHUHDFWRUEXLOGLQJFUDQHKDYHLQFRUSRUDWHG
DOOWKHSURYLVLRQVRIGUDIW5HJXODWRU\\*XLGHDVDSSOLFDEOHWRDQRSHUDWLQJSODQW
WKDWDUHSUDFWLFDOIRUWKH0RQWLFHOORGHVLJQ,QDGGLWLRQWRWKHPRGLILFDWLRQVWRWKH
UHDFWRUEXLOGLQJFUDQHDGHTXDWHPHDVXUHVH[LVWWRSUHFOXGHWKHRFFXUUHQFHRIDFDVN
GURSDFFLGHQWDQGWRPLWLJDWHLWVHIIHFWLQWKHYHU\\XQOLNHO\\HYHQWWKDWLWVKRXOGRFFXU
7RPLQLPL]HWKHSRWHQWLDORIDFDVNGURSSLQJLQWRWKHVSHQWIXHOVWRUDJHSRROD
GHWDLOHGLQVSHFWLRQRIWKHUHDFWRUEXLOGLQJFUDQHLVSHUIRUPHGDWWKHWLPHRIDVSHQW
IXHOWUDQVIHURUDWDPLQLPXPRIRQFHSHU\\HDU,QDGGLWLRQWKHVSHQWIXHOFDVNWUDYHO
SDWKLVQHYHURYHUWKHUHDFWRUYHVVHORUWKHIXHOUDFNVLQWKHVSHQWIXHOVWRUDJHSRRO
7UDYHORYHUWKHVSHQWIXHOVWRUDJHSRROZLWKWKHVSHQWIXHOFDVNLVOLPLWHGWRWKDWVPDOO
DUHDORFDWHGIRUFDVNVWRUDJH
0217,&(//283'$7('6$)(7<$1$/<6,65(3257
86$5
6(&7,21
3/$17$8;,/,$5<6<67(06
5HYLVLRQ
3DJHRI
3ULRUWRFDVNOLIWLQJRSHUDWLRQVDGHWDLOHGYLVXDOLQVSHFWLRQLVPDGHRIDOOPHFKDQLFDO
DQGHOHFWULFDOFRPSRQHQWVRIWKHFUDQH)ROORZLQJWKHYLVXDOLQVSHFWLRQDQ
RSHUDWLRQDOWHVWLVFRQGXFWHGZLWKQRORDGRQWKHKRRN7KLVWHVWYHULILHVWKDWDOO
FRQWUROVDUHRSHUDWLQJFRUUHFWO\\)ROORZLQJWKHVHWHVWVDORDGWHVWLVFRQGXFWHGE\\
UDLVLQJWKHVSHQWIXHOFDVNDSSUR[LPDWHO\\RQHIRRWRIILWVWUDQVIHUYHKLFOH7KHSULPH
SXUSRVHRIWKLVWHVWLVWRYHULI\\WKDWWKHUHLVQRORDGPRYHPHQWDIWHUDIL[HGSHULRGRI
WLPH+RLVWLQJDQGORZHULQJUDWHVDUHWKHQGHWHUPLQHGWRVHHWKDWWKH\\FRPSO\\ZLWK
WKHYHQGRU¶VUHFRPPHQGDWLRQV
$IWHUFRQILUPDWLRQRIWKHRSHUDWLRQDODFFHSWDELOLW\\RIWKHFUDQHWKHIXHOFDVNLVKRLVWHG
WRWKHUHIXHOLQJIORRUDQGPRYHGRYHUDFRQWUROOHGSDWKWRLWVSRVLWLRQLQWKHIXHO
VWRUDJHSRRO6SHFLILFORDGSDWKVDUHDSSURYHGE\\WKH3ODQW2SHUDWLQJ5HYLHZ
&RPPLWWHHWRHQVXUHWKDWWKHUHTXLUHPHQWVRI185(* 5HIHUHQFH DUHPHW
5HIHUHQFHVDQG
,QVSHFWLRQDQG7HVWLQJ
3ULRUWRDOOIXHOKDQGOLQJDOOKRLVWVFUDQHVDQGWRROVWKDWDUHWREHXVHGDUHLQVSHFWHG
DQGWHVWHGWRDVVXUHVDIHRSHUDWLRQ
/HDNGHWHFWLRQFKDQQHOVDUHSURYLGHGRQWKHFRQFUHWHVLGHRIWKHVSHQWIXHOVWRUDJH
SRROOLQHU9LVXDOVXUYHLOODQFHRIWKHVHOHDNFKDQQHOVSHUPLWHDUO\\GHWHUPLQDWLRQDQG
ORFDOL]DWLRQRIDQ\\OHDNDJHDQGSHUPLWUHSDLURIOHDNVGXULQJFRQVWUXFWLRQ7KH
VXUYHLOODQFHOLQHVDUHSLSHGWRDUDGZDVWHV\\VWHPVXPSWRSURYLGHFRQWURORI
SRWHQWLDOO\\FRQWDPLQDWHGZDWHULQWKHHYHQWRIIXWXUHOHDNV
3HU76SURJUDP 6SHQW)XHO3RRO%RUDO0RQLWRULQJ3URJUDP WKH%RUDOLQWKH
VSHQWIXHOSRROLVPRQLWRUHGWRHQVXUHWKDWWKHQHXWURQDWWHQXDWLRQFDSDELOLW\\
GHVFULEHGLQ86$5VHFWLRQLVPDLQWDLQHG 5HIHUHQFH 7KLVPRQLWRULQJ
LQFOXGHVSHULRGLFSK\\VLFDOH[DPLQDWLRQWRHQVXUHWKDWWKHDYHUDJHWKLFNQHVVRIWKH
%RUDOPHHWVWKHFULWLFDOLW\\DQDO\\VLVDVVXPSWLRQVDQGQHXWURQDWWHQXDWLRQWHVWLQJWR
HQVXUHWKDWWKHERURQDUHDOGHQVLW\\PHHWVWKHFULWLFDOLW\\DQDO\\VLVDVVXPSWLRQV
10.2.2 6SHQW)XHO3RRO&RROLQJDQG'HPLQHUDOL]HU6\\VWHP
'HVLJQ%DVLV
7KHGHVLJQREMHFWLYHVRIWKHVSHQWIXHOSRROFRROLQJDQGGHPLQHUDOL]HUV\\VWHPDUHWR
KDQGOHWKHVSHQWIXHOFRROLQJORDGDQGWRPDLQWDLQSRROZDWHUSXULW\\DQGFODULW\\7KH
V\\VWHPKDVEHHQGHVLJQHGWRSURYLGHVXIILFLHQWILOWHULQJFDSDFLW\\WRILOWHUWKHHQWLUH
VSHQWIXHOSRROZDWHUYROXPHHYHU\\KRXUV7KHIXHOSRROWHPSHUDWXUHLVQRUPDOO\\
PDLQWDLQHGDW)RUOHVVLQRUGHUWRPDLQWDLQDUHDVRQDEOHZRUNLQJHQYLURQPHQWLQ
WKHSRRODUHDWRNHHSWKHGHPLQHUDOL]HUV\\VWHPDWDQRSHUDEOHWHPSHUDWXUHDQGWR
PDLQWDLQYLVXDOFODULW\\RIWKHDLUDERYHWKHSRRO+RZHYHURSHUDWLRQDWWHPSHUDWXUHV
XSWR)LVDFFHSWDEOHLQRUGHUWRUHPRYHGHFD\\KHDWIURPWKHVSHQWIXHO7KH
ILOWUDWLRQIORZPD\\EHYDULHGWRPDLQWDLQUHTXLUHGSRROZDWHUFODULW\\DQGSXULW\\OHYHOV
0217,&(//283'$7('6$)(7<$1$/<6,65(3257
86$5
6(&7,21
3/$17$8;,/,$5<6<67(06
5HYLVLRQ
3DJHRI
'HVFULSWLRQ
7KHVSHQWIXHOSRROFRROLQJDQGGHPLQHUDOL]HUV\\VWHPFRQVLVWVRIFLUFXODWLQJSXPSV
KHDWH[FKDQJHUVILOWHUGHPLQHUDOL]HUVSLSLQJYDOYHVDQGLQVWUXPHQWDWLRQ
7DEOHOLVWVWKHGHVLJQSDUDPHWHUVRIWKHSULQFLSDOHTXLSPHQWRIWKLVV\\VWHP
7KHSXPSVWDNHVXFWLRQIURPWKHVNLPPHUVXUJHWDQNORFDWHGDWWKHWRSRIWKHVSHQW
IXHOVWRUDJHSRROZDWHUOHYHOZKLFKFRQWLQXRXVO\\VNLPVWKHZDWHUIURPWKHVXUIDFH
DQGFLUFXODWHVWKHZDWHUWRWKHKHDWH[FKDQJHUVDQGILOWHUGHPLQHUDOL]HUVEHIRUH
GLVFKDUJLQJWKHZDWHUWKURXJKWKHGLIIXVHUVDWWKHERWWRPRIWKHVSHQWIXHOSRRO7KLV
DUUDQJHPHQWRIWDNLQJVXFWLRQIURPWKHWRSDQGGLVFKDUJLQJWRWKHERWWRPRIWKHSRRO
SURYLGHVDFURVVIORZZKLFKWHQGVWRVZHHSWKHSRRODQGWRFDUU\\RIIGLUWDQGVPDOO
SDUWLFOHV)RUHLJQPDWHULDOHQWHULQJWKHSRROHLWKHUVLQNVWRWKHERWWRPWREHUHPRYHG
E\\DSRUWDEOHYDFXXPFOHDQHURUIORDWVLQWKHSRRODQGHYHQWXDOO\\HQWHUVWKHVNLPPHU
VXUJHWDQNVDQGILOWHULQJORRS
7KLVV\\VWHPPD\\DOVREHXVHGWRGUDLQWKHVWHDPVHSDUDWRUGU\\HUDVVHPEOLHVVWRUDJH
SLWDQGWKHUHDFWRUKHDGFDYLW\\DIWHUUHIXHOLQJ7KHOLQHVSHUPLWGUDLQLQJWKHZDWHUWR
HLWKHUWKHUHDFWRUEXLOGLQJHTXLSPHQWGUDLQWDQNRUWRWKHVSHQWIXHOSRROFRROLQJDQG
GHPLQHUDOL]HUV\\VWHPIRUSURFHVVLQJGHSHQGLQJXSRQZDWHUFRQGLWLRQ7KHIXHOSRRO
ILOWHUVDQGWKHVNLPPHUVXUJHWDQNDUHVKLHOGHGZLWKFRQFUHWH3URYLVLRQLVPDGHIRU
FRQQHFWLQJWRWKH5HVLGXDO+HDW5HPRYDO6\\VWHPWRSURYLGHIRUDGGLWLRQDOEDFNXS
KHDWUHPRYDOFDSDFLW\\7KHOLTXLGUDGZDVWHV\\VWHPKDVDWLHLQFRQQHFWLRQWRWKHIXHO
SRROILOWHUGHPLQHUDOL]HUV7KHIXHOSRROILOWHUGHPLQHUDOL]HUVFDQEHXVHGDVQHHGHG
DVDEDFNXSIRUSURFHVVLQJOLTXLGZDVWH
6HFWLRQ'UDZLQJV1+DQG1+VKRZWKHSLSLQJDQGLQVWUXPHQWDWLRQ
GLDJUDPVIRUWKHVSHQWIXHOSRROFRROLQJDQGGHPLQHUDOL]HUV\\VWHP
3HUIRUPDQFH$QDO\\VLV
7KHV\\VWHPLVGHVLJQHGWRPDLQWDLQDPD[LPXPVSHQWIXHOVWRUDJHSRROWHPSHUDWXUH
RI)6\\VWHPFDSDFLW\\LVVXIILFLHQWWRDOORZIRUQRUPDOUHORDGYDULDWLRQVRIQXPEHU
RIDVVHPEOLHVF\\FOHOHQJWKEXUQXSDQGFRROLQJWLPHV
1RUPDODQGHPHUJHQF\\KHDWORDGVDUHH[SOLFLWO\\FDOFXODWHGSULRUWRHDFKIXHO
PRYHPHQWWKDWFRXOGLQFUHDVHWKHVSHQWIXHOSRROKHDWORDG3ULPDU\\FRQVLGHUDWLRQV
LQFOXGHIXHOEXQGOHH[SRVXUHFRROGRZQDQGGLVFKDUJHLQWHUYDOVXQFHUWDLQW\\DQG
FRROLQJV\\VWHPVRXUFHZDWHUWHPSHUDWXUH
7KHGHFD\\KHDWXVHGLQWKHHYDOXDWLRQVLVEDVHGRQWKH$16,$16VWDQGDUG
5HIHUHQFH ZLWKDRQHVLGHG FRQILGHQFHLQWHUYDO7KHQRUPDOVSHQWIXHOSRRO
KHDWORDGLVHYDOXDWHGXVLQJFRQGLWLRQVVXFKWKDWZRXOGEHH[SHFWHGGXULQJURXWLQH
UHIXHOVKXIIOHV7KH1RUPDO+HDW/RDGIRUWKLVFRQGLWLRQLV[%WXKUIRUD
GLVFKDUJHFRPSOHWHGKRXUVDIWHUVKXWGRZQ7KH(PHUJHQF\\+HDW/RDGLV
QRPLQDOO\\[%WXKUIRUFRQGLWLRQVZKLFKDUHDVGHILQHGDV
(PHUJHQF\\+HDW/RDGDVVXPHVIXOOFRUHGLVFKDUJHUHTXLUHGGD\\VIROORZLQJ
ODVWUHIXHOLQJGLVFKDUJHDQGILOOVODVWVSDFHV IXOOFRUHGLVFKDUJHLVFRPSOHWH
DSSUR[LPDWHO\\ KRXUVDIWHUVKXWGRZQ
0217,&(//283'$7('6$)(7<$1$/<6,65(3257
86$5
6(&7,21
3/$17$8;,/,$5<6<67(06
5HYLVLRQ
3DJHRI
7KHUHPRYDORIKHDWIRUWKHHPHUJHQF\\KHDWORDGLVDFFRPPRGDWHGE\\WKHXVHRI
HLWKHUWKHVSHQWIXHOSRROFRROLQJDQGGHPLQHUDOL]HUV\\VWHPRUE\\WKHUHVLGXDOKHDW
UHPRYDOV\\VWHP'XULQJUHIXHORXWDJHVIXOOFRUHRIIORDGVDUHDOORZHGEHFDXVHKHDW
ORDGVDUHH[SOLFLWO\\FDOFXODWHGDQGFRPSDUHGWRFRROLQJFDSDELOLWLHVSULRUWRDQ\\IXHO
PRYHPHQWWKDWZRXOGLQFUHDVHWKHVSHQWIXHOSRROKHDWORDG5HPRYDORIWKHKHDW
IURPWKHIXOOFRUHRIIORDGVLVDOVRDFFRPPRGDWHGE\\WKHXVHRIHLWKHUWKHVSHQWIXHO
SRROFRROLQJDQGGHPLQHUDOL]HUV\\VWHPRUE\\WKHUHVLGXDOKHDWUHPRYDOV\\VWHP7KH
5+5V\\VWHPKDVWKHFDSDELOLW\\RIUHPRYLQJ[%WXKUIURPWKHIXHOSRRO
5HIHUHQFH $QDO\\VLVKDVVKRZQWKDWWKHXVHRI$75,80;0IXHOGRHVQRW
LQFUHDVHWKHOLPLWLQJVSHQWIXHOSRROGHFD\\KHDWORDGV 5HIHUHQFH
- LWKDQHPHUJHQF\\KHDWORDGRI0%78KULIIXHOSRROFRROLQJFDSDELOLW\\LVORVW
WKHPLQLPXPSRVVLEOHWLPHWRDFKLHYHEXONSRROERLOLQJLVKRXUV DVVXPLQJD
PD[LPXPLQLWLDOIXHOSRROWHPSHUDWXUHRI) 7KHPD[LPXPHYDSRUDWLRQUDWH
DIWHUEXONERLOLQJFRPPHQFHVLVJSPKRXUVZRXOGEHVXIILFLHQWWLPHWR
HVWDEOLVKJSPPDNHXSUDWHIURPWKH5HVLGXDO+HDW5HPRYDO6HUYLFH:DWHU
6\\VWHP HPHUJHQF\\PDNHXSVRXUFH 8QGHUWKHEXONERLOLQJFRQGLWLRQVWKH
WHPSHUDWXUHRIWKHIXHOGRHVQRWH[FHHG) 5HIHUHQFH
7KHIXHOSRROFRROLQJKHDWH[FKDQJHUVDUHFRROHGE\\WKHUHDFWRUEXLOGLQJFORVHG
FRROLQJZDWHUV\\VWHPWKXVSUHYHQWLQJFRQWDPLQDWLRQRXWVLGHWKHUHDFWRUEXLOGLQJLQ
WKHHYHQWRIIXHOSRROKHDWH[FKDQJHUWXEHIDLOXUH
7KHVSHQWIXHOSRROFRROLQJV\\VWHPLVFRQWUROOHGIURPHLWKHUDORFDOSDQHOLQWKH
UHDFWRUEXLOGLQJRUDUHPRWHSDQHOORFDWHGLQWKHUDGZDVWHEXLOGLQJ7KHSODQW
RSHUDWRUVDUHSURYLGHGZLWKLQGLFDWLRQVDQGRUDODUPRIV\\VWHPIORZSRROZDWHUOHYHO
ZDWHUWHPSHUDWXUHVNLPPHUVXUJHWDQNOHYHODQGYDOYHSRVLWLRQV,QLWLDOILOOLQJDQG
OHYHOPDLQWHQDQFHLQWKHVSHQWIXHOVWRUDJHSRRODQGVXUJHWDQNVLVIURPWKH
FRQGHQVDWHVWRUDJHDQGWUDQVIHUV\\VWHP:KHQREMHFWVDUHSODFHGLQRUUHPRYHG
IURPWKHSRROWKHZDWHUOHYHOYDULHVLQWKHVXUJHWDQN
,QVSHFWLRQDQG7HVWLQJ
7KHVSHQWIXHOSRROFRROLQJDQGGHPLQHUDOL]HUV\\VWHPLVLQFRQWLQXRXVRSHUDWLRQ
H[FHSWIRUSUHYHQWLYHDQGFRUUHFWLYHPDLQWHQDQFH WKXVSHULRGLFWHVWLQJRIWKHV\\VWHP
LVQRWUHTXLUHG,QLWLDOWHVWLQJZDVSHUIRUPHGSULRUWRSODQWVWDUWXSRSHUDWLRQ
0217,&(//283'$7('6$)(7<$1$/<6,65(3257
86$5
6(&7,21
3/$17$8;,/,$5<6<67(06
5HYLVLRQ
3DJHRI
10.2.3 5HDFWRU&OHDQXS'HPLQHUDOL]HU6\\VWHP
'HVLJQ%DVLV
7KHGHVLJQREMHFWLYHVRIWKHUHDFWRUFOHDQXSGHPLQHUDOL]HUV\\VWHPDUH WR
PDLQWDLQKLJKUHDFWRUZDWHUSXULW\\WRPLQLPL]HGLVSRVLWLRQRQIXHOVXUIDFHVE\\
UHGXFLQJWKHDPRXQWRIZDWHUERUQHLPSXULWLHVLQWKHUHDFWRUSULPDU\\V\\VWHPDQG WR
UHGXFHWKHVHFRQGDU\\VRXUFHVRIEHWDDQGJDPPDUDGLDWLRQUHVXOWLQJIURPWKH
GHSRVLWLRQRIFRUURVLRQSURGXFWVILVVLRQSURGXFWVDQGLPSXULWLHVLQWKHUHDFWRU
SULPDU\\V\\VWHP7RDFKLHYHWKHVHREMHFWLYHVWKHV\\VWHPLVGHVLJQHGWRPHHWWKH
IROORZLQJGHVLJQUHTXLUHPHQWV
'HVLJQ)ORZ5DWH
OEPKU
'HVLJQ3UHVVXUH PDMRUFRPSRQHQWV
SVLJ
'HVLJQ&RGH PDMRUFRPSRQHQWV
$60(%RLOHUDQG3UHVVXUH
9HVVHO&RGH6HFWLRQ,,,
&ODVV&
7KHUHDFWRUFOHDQXSGHPLQHUDOL]HUV\\VWHPSURYLGHVDFRQWLQXRXVSXULILFDWLRQRID
SRUWLRQRIWKHUHDFWRUFRRODQWUHFLUFXODWLRQV\\VWHPIORZZLWKDPLQLPXPRIKHDWORVV
DQGZDWHUORVVIURPWKHF\\FOH,WFDQEHRSHUDWHGGXULQJVWDUWXSVKXWGRZQ
FRROGRZQDQGUHIXHOLQJRSHUDWLRQVDVZHOODVGXULQJQRUPDORSHUDWLRQV:DWHULV
QRUPDOO\\UHPRYHGDWUHDFWRUSUHVVXUHIURPRQHRIWKHUHDFWRUFRRODQWUHFLUFXODWLRQ
V\\VWHPORRSVDQGIURPWKHUHDFWRUYHVVHOERWWRPKHDGGUDLQDQGWKHQFRROHGLQ
UHJHQHUDWLYHDQGQRQUHJHQHUDWLYHKHDWH[FKDQJHUVWRDERXW)ILOWHUHG
GHPLQHUDOL]HGDQGSXPSHGWKURXJKWKHVKHOOVLGHRIWKHUHJHQHUDWLYHKHDW
H[FKDQJHUWRUDLVHWKHWHPSHUDWXUHEDFNXSWRDERXW)EHIRUHUHWXUQLQJLWWRWKH
UHDFWRUWKURXJKERWKUHDFWRUIHHGZDWHUV\\VWHPOLQHV5HWXUQZDWHUPD\\EHLVRODWHGWR
RQHUHDFWRUIHHGZDWHUV\\VWHPOLQHDVUHTXLUHGZLWKQRGHWULPHQWDOHIIHFWVZLWKUHVSHFW
WRIHHGZDWHUQR))OHIDWLJXH6HFWLRQ'UDZLQJV1+DQG1+VKRZWKH
UHDFWRUFOHDQXSGHPLQHUDOL]HUV\\VWHP3 ,'V
'HVFULSWLRQ
7KHPDMRUFRPSRQHQWVRIWKHUHDFWRUFOHDQXSGHPLQHUDOL]HUV\\VWHPDUHUHJHQHUDWLYH
KHDWH[FKDQJHUVQRQUHJHQHUDWLYHKHDWH[FKDQJHUVILOWHUGHPLQHUDOL]HUVFLUFXODWLQJ
SXPSVDQGWKHQHFHVVDU\\FRQWURODQGVXSSRUWHTXLSPHQW7DEOHOLVWVWKH
SULQFLSDOGHVLJQSDUDPHWHUVRIWKHV\\VWHPFRPSRQHQWV
7KHUHJHQHUDWLYHKHDWH[FKDQJHUWUDQVIHUVKHDWIURPWKHZDWHUOHDYLQJWKHUHDFWRUWR
WKHZDWHUZKLFKUHWXUQVWRWKHUHDFWRU7KHQRQUHJHQHUDWLYHKHDWH[FKDQJHUFRROV
WKHZDWHUIXUWKHUWR)QRUPDO )PD[LPXP E\\WUDQVIHUULQJKHDWWRWKH
UHDFWRUEXLOGLQJFORVHGFRROLQJZDWHUV\\VWHP7KHQRQUHJHQHUDWLYHKHDWH[FKDQJHU
LVFDSDEOHRIPDLQWDLQLQJWKLVORZWHPSHUDWXUHDQGQRWH[FHHGLQJDPD[LPXPRI
)HYHQGXULQJDEORZGRZQRIWKHFOHDQXSIORZZKHQQRFRROLQJLVSURYLGHGE\\
WKHUHJHQHUDWLYHKHDWH[FKDQJHU
%ORZGRZQPD\\EHXVHGGXULQJKRWVWDQGE\\VWDUWXSDQGQRUPDORSHUDWLRQWRUHPRYH
H[FHVVUHDFWRUFRRODQWLQYHQWRU\\7KHEORZGRZQZDWHUPD\\EHGLUHFWHGWRWKHPDLQ
FRQGHQVHURUWRWKHOLTXLGUDGZDVWHV\\VWHP0D[LPXPEORZGRZQIORZLVOLPLWHGE\\
WKHFDSDELOLW\\RIWKHQRQUHJHQHUDWLYHKHDWH[FKDQJHU
0217,&(//283'$7('6$)(7<$1$/<6,65(3257
86$5
6(&7,21
3/$17$8;,/,$5<6<67(06
5HYLVLRQ
3DJHRI
7ZRILOWHUGHPLQHUDOL]HUVDUHSURYLGHGIRUFRQWLQXRXVRSHUDWLRQ6SHQWFOHDQXS
UHVLQVDUHQRWUHJHQHUDWHGEHFDXVHRIWKHUDGLRDFWLYLW\\RIWKHLPSXULWLHVUHPRYHG
IURPWKHUHDFWRUFRRODQW7KH\\DUHVOXLFHGIURPWKHGHPLQHUDOL]HUYHVVHOVGLUHFWO\\WR
WKH6ROLG5DGZDVWH6\\VWHPIRUSURFHVVLQJVWRULQJDQGHYHQWXDORIIVLWHGLVSRVDO
<W\\SHSRVWVWUDLQHUVRQWKHRXWOHWRIHDFKRIWKHILOWHUGHPLQHUDOL]HUVSUHYHQWUHVLQV
IURPHQWHULQJWKHUHDFWRUSULPDU\\V\\VWHPLQWKHHYHQWRIDUHVLQVXSSRUWIDLOXUH
7KHRSHUDWLQJUHDFWRUFOHDQXSGHPLQHUDOL]HUV\\VWHPSXPSQRUPDOO\\GHOLYHUV
JSPWRWKHILOWHUGHPLQHUDOL]HUV7KHSXPSVDUHKRUL]RQWDOHOHFWULFPRWRUGULYHQ
FHQWULIXJDOSXPSV
3HUIRUPDQFH$QDO\\VLV
2SHUDWLRQRIWKHUHDFWRUFOHDQXSGHPLQHUDOL]HUV\\VWHPLVFRQWUROOHGIURPWKHPDLQ
FRQWUROURRP5HVLQVOXLFLQJRSHUDWLRQVDUHFRQWUROOHGIURPDORFDOSDQHOLQWKH
UDGZDVWHEXLOGLQJ5DGLRDFWLYHHTXLSPHQWLVVKLHOGHGZLWKFRQFUHWHDQGDFFHVVLV
FRQWUROOHG7KHEDVHVIRUVKLHOGLQJGHVLJQZHUHGHWHUPLQHGE\\WKHHVWLPDWHG
IUHTXHQF\\RIRSHUDWLQJLQVSHFWLQJDQGPDLQWDLQLQJWKHYDULRXVGHYLFHV
7KHWZRFDSDFLW\\ILOWHUGHPLQHUDOL]HUXQLWVSHUPLWPDLQWHQDQFHDQGUHFKDUJLQJ
RSHUDWLRQVDWUHGXFHGFOHDQXSUDWHVGXULQJV\\VWHPRSHUDWLRQ
7KHV\\VWHPLVSURYLGHGZLWKLQVWUXPHQWDWLRQWRSURWHFWDJDLQVWRYHUKHDWLQJRIWKH
UHVLQV7KHUHDFWRUFOHDQXSGHPLQHUDOL]HUV\\VWHPLVLVRODWHGE\\DXWRPDWLFDOO\\FORVLQJ
WKHLVRODWLRQYDOYHVRQDUHDFWRUORZORZZDWHUOHYHOKLJKGU\\ZHOOSUHVVXUH5:&8
KLJKIORZRU5:&8KLJKURRPWHPSHUDWXUHVLJQDOIURPWKHSODQWSURWHFWLRQV\\VWHP
GHVFULEHGLQ6HFWLRQ7KHUHDFWRUFOHDQXSGHPLQHUDOL]HUV\\VWHPLVDOVR
DXWRPDWLFDOO\\VKXWGRZQRQDKLJKWHPSHUDWXUHVLJQDORQZDWHUHQWHULQJWKHILOWHU
GHPLQHUDOL]HUV$E\\SDVVVZLWFKLVSURYLGHGWRDOORZRSHUDWRUVWRRYHUULGHWKHKLJK
ZDWHUWHPSHUDWXUHVKXWGRZQDQGUHVWRUHIORZWRWKHV\\VWHP$QLQWHUORFNLQJV\\VWHP
LVRODWHVWKHFOHDQXSV\\VWHPXSRQLQLWLDWLRQRIWKHUHDFWRUVWDQGE\\OLTXLGFRQWURO
V\\VWHP
,QVSHFWLRQDQG7HVWLQJ
0DQ\\RIWKHFRPSRQHQWVRIWKHV\\VWHPDUHXQDYDLODEOHIRULQVSHFWLRQGXULQJ
RSHUDWLRQGXHWRWKHKLJKUDGLRDFWLYLW\\OHYHOVDVVRFLDWHGZLWKWKHFOHDQXSHTXLSPHQW
0DQ\\VDPSOHSRLQWVDUHSURYLGHGRQWKHV\\VWHP8VHRIWKHVDPSOHSRLQWVDQGWKH
IORZDQGWHPSHUDWXUHLQVWUXPHQWVRQWKHORRSSHUPLWHIIHFWLYHGHWHUPLQDWLRQRIWKH
RSHUDWLRQRIWKHORRSVZLWKRXWDFFHVVIRULQVSHFWLRQ$IWHUIOXVKLQJWKHVSHQWUHVLQV
IURPWKHIDFLOLW\\DFFHVVLELOLW\\WRWKHILOWHUYHVVHOLVLPSURYHGDQGLQVSHFWLRQ
DFFRPSOLVKHGLIRWKHUWHVWVLQGLFDWHDGHVLUDELOLW\\RILQVSHFWLRQ
0217,&(//283'$7('6$)(7<$1$/<6,65(3257
86$5
6(&7,21
3/$17$8;,/,$5<6<67(06
5HYLVLRQ
3DJHRI
10.2.4 5HDFWRU6KXWGRZQ&RROLQJ6\\VWHP
'HVLJQ%DVLV
7KHGHVLJQREMHFWLYHRIWKHUHDFWRUVKXWGRZQFRROLQJV\\VWHPLVWRWDNHRYHUWKH
FRROLQJRIWKHUHDFWRUZDWHUZKHQWKHWHPSHUDWXUHDQGSUHVVXUHLQWKHUHDFWRUIDOO
EHORZWKHSRLQWDWZKLFKWKHPDLQFRQGHQVHUFDQQRORQJHUEHXVHGDVDKHDWVLQN
IROORZLQJUHDFWRUVKXWGRZQ
2QFHWKHUHDFWRUGRPHSUHVVXUHKDVEHHQUHGXFHGWRSVLJWKHUHDFWRUVKXWGRZQ
FRROLQJV\\VWHPLVFDSDEOHRIFRROLQJUHDFWRUZDWHUGRZQWR)ZLWKLQKRXUV
DIWHUUHDFWRUVKXWGRZQDQGPDLQWDLQLQJLWDWWKLVWHPSHUDWXUHE\\UHPRYLQJ
ILVVLRQSURGXFWGHFD\\KHDWDEVRUEHGE\\WKHUHDFWRUZDWHU 5HIHUHQFHDQG
7RDFKLHYHWKLVREMHFWLYHWKH5+5KHDWH[FKDQJHUZDVGHVLJQHGDVSUHVHQWHGLQ
7DEOH
'HVFULSWLRQ
7KHUHDFWRUVKXWGRZQFRROLQJV\\VWHPLVDQLQWHJUDOSDUWRIWKH5+56\\VWHPDQGLV
SODFHGLQRSHUDWLRQGXULQJDQRUPDOVKXWGRZQDQGFRROGRZQ7KHLQLWLDOSKDVHRI
QXFOHDUV\\VWHPFRROGRZQLVDFFRPSOLVKHGE\\GXPSLQJVWHDPIURPWKHUHDFWRUYHVVHO
WRWKHPDLQFRQGHQVHUZLWKWKHPDLQFRQGHQVHUDFWLQJDVWKHKHDWVLQN:KHQ
QXFOHDUV\\VWHPWHPSHUDWXUHKDVGHFUHDVHGWRWKHYDOXHZKHUHWKHVWHDPVXSSO\\
SUHVVXUHLVQRWVXIILFLHQWWRPDLQWDLQWKHWXUELQHVKDIWJODQGVHDOVYDFXXPLQWKHPDLQ
FRQGHQVHUFDQQRWEHPDLQWDLQHGDQGWKH5+5V\\VWHPLVSODFHGLQWKHVKXWGRZQ
FRROLQJPRGHRIRSHUDWLRQ$QHYDOXDWLRQZDVSHUIRUPHG 5HIHUHQFH ZKLFK
GHPRQVWUDWHVWKDWWKH5+5VKXWGRZQFRROLQJV\\VWHPLVFDSDEOHRIFRPSOHWLQJFRRO
GRZQWR)LQKRXUVDQGPDLQWDLQLQJWKHQXFOHDUV\\VWHPDW)RUORZHUVR
WKDWWKHUHDFWRUFDQEHUHIXHOHGDQGVHUYLFHG7KHHYDOXDWLRQDVVXPHV5+5V\\VWHP
KHDWUHPRYDOLVLQLWLDOO\\DFFRPSOLVKHGE\\WZR5+5KHDWH[FKDQJHUVHDFKVHUYHGE\\
RQH5+5SXPSDQGRQH5+56:SXPS$IWHUUHDFWRUSUHVVXUHLVUHGXFHGWRDOHYHO
WRHQVXUH5+56:SUHVVXUHFDQEHPDLQWDLQHGKLJKHUWKDQ5+5SUHVVXUHWKHQDOO
IRXU5+56:SXPSVDQGDOOIRXU5+5SXPSVDUHDVVXPHGWREHSODFHGLQVHUYLFH
DQGUHPDLQLQVHUYLFHXQWLODUHDFWRUFRRODQWWHPSHUDWXUHRI)LVDFKLHYHG7KLV
LVEDVHGRQDULYHUWHPSHUDWXUHRI ))LJXUHVKRZVDVLPSOLILHG3 ,'RIWKH
V\\VWHP7KHFRPSOHWH5+53 ,'VDUHVKRZQRQ6HFWLRQ'UDZLQJV1+
DQG1+
5HDFWRUFRRODQWLVSXPSHGE\\WKH5+5SXPSVIURPRQHRIWKHUHDFWRUFRRODQW
UHFLUFXODWLRQV\\VWHPORRSVDQGGLVFKDUJHGWKURXJKWKH5+5KHDWH[FKDQJHUVZKHUH
FRROLQJWDNHVSODFHE\\WUDQVIHUULQJKHDWWRWKH5+5VHUYLFHZDWHUV\\VWHP5HDFWRU
FRRODQWLVUHWXUQHGWRWKHUHDFWRUYHVVHOYLDHLWKHURQHRIWKHUHFLUFXODWLRQORRSV
'XULQJDUHDFWRUSULPDU\\V\\VWHPVKXWGRZQDQGFRROGRZQZKHQWKHVKXWGRZQ
FRROLQJVXEV\\VWHPLVLQLWLDOO\\SODFHGLQRSHUDWLRQGHFD\\KHDWOHYHOVFDQEHKLJKDQG
RSHUDWLRQRIERWK5+5KHDWH[FKDQJHUVPD\\EHUHTXLUHGWRUHPRYHWKHKHDWUDSLGO\\
WRWKH)YDOXHDVVXPHGDERYHIRUUHIXHOLQJDQGVHUYLFHWRWKHUHDFWRU:KHQWKH
GHFD\\KHDWOHYHOKDVGHFUHDVHGVXIILFLHQWO\\WKHHQWLUHVKXWGRZQFRROLQJORDGFDQEH
VKLIWHGWRRQH5+5KHDWH[FKDQJHU
0217,&(//283'$7('6$)(7<$1$/<6,65(3257
86$5
6(&7,21
3/$17$8;,/,$5<6<67(06
5HYLVLRQ
3DJH RI
3HUIRUPDQFH$QDO\\VLV
7KHUHDFWRUVKXWGRZQFRROLQJV\\VWHPLVSODFHGLQWRRSHUDWLRQGXULQJDQRUPDOSODQW
FRROGRZQZKHQUHDFWRUGRPHSUHVVXUHLVEHORZSVLJ2SHUDWLRQRIWKLVSRUWLRQ
RIWKH5+5V\\VWHPIRUVKXWGRZQFRROLQJGRHVQRWFRPSURPLVHWKHDELOLW\\RIWKH5+5
V\\VWHPWRRSHUDWHLQWKHORZSUHVVXUHFRRODQWLQMHFWLRQV\\VWHP /3&, PRGH'XULQJ
VKXWGRZQWKHSUREDELOLW\\RIUHTXLULQJ/3&,RSHUDWLRQLVYHU\\ORZ+RZHYHULI/3&,
RSHUDWLRQLVUHTXLUHGWKHRSHUDWRUFDQPDQXDOO\\WHUPLQDWHVKXWGRZQFRROLQJDQG
VWDUW/3&,RSHUDWLRQ
,QWHUORFNVDUHSURYLGHGWRSUHYHQWRYHUSUHVVXUL]LQJWKHVKXWGRZQFRROLQJV\\VWHPE\\
LQDGYHUWHQWRSHUDWLRQRIWKHYDOYHVLQWKHVXFWLRQOLQHIURPWKHUHFLUFXODWLRQORRS
02 DQG026HFWLRQ'UDZLQJ1+5+56\\VWHP3 ,' 7KH
LQWHUORFNVSUHYHQWWKHYDOYHVIURPRSHQLQJLIWKHSUHVVXUHLVJUHDWHUWKDQSVLJ
UHDFWRUGRPHSUHVVXUHDVGHWHUPLQHGE\\HLWKHURIWZRSUHVVXUHVZLWFKHV
7KHGHVLJQSUHVVXUHDQGWHPSHUDWXUHRIWKHVKXWGRZQFRROLQJVXFWLRQOLQHLVSVLJ
DQG)7KHGHVLJQSUHVVXUHDQGWHPSHUDWXUHRIWKHVKXWGRZQFRROLQJGLVFKDUJH
OLQHVLVSVLJDQG)7KXVDQLQWHUORFNVHWWLQJRISVLJLVYHU\\
FRQVHUYDWLYH 5HIHUHQFH ,IWKHVHYDOYHVZHUHRSHQHGDWORZSUHVVXUHDQGWKH
SUHVVXUHVXEVHTXHQWO\\LQFUHDVHGWRSVLJRUPRUHWKHVDPHFLUFXLWU\\FDXVHV
02 DQG02WRFORVHDQGLVRODWHWKHVKXWGRZQFRROLQJV\\VWHPIURPWKH
UHDFWRUSULPDU\\V\\VWHP$GGLWLRQDOO\\WKHVKXWGRZQFRROLQJGLVFKDUJHOLQHV
LQFRUSRUDWHFKHFNYDOYHV $2$DQG$2% WRSUHYHQWUHYHUVHIORZDQG
VXEVHTXHQWRYHUSUHVVXUL]DWLRQ5HOLHIYDOYHVDUHDOVRLQFRUSRUDWHGWRSURYLGH
SURWHFWLRQ 59RQWKHVKXWGRZQFRROLQJVXFWLRQOLQHLVVHWDWSVLJ UHOLHI
YDOYHV59DQG59RQWKHGLVFKDUJHSLSLQJDUHVHWDWSVLJ
,QVSHFWLRQDQG7HVWLQJ
3HULRGLFLQVSHFWLRQDQGPDLQWHQDQFHWHVWLQJRIWKH5+5SXPSVSXPSPRWRUVDQG
KHDWH[FKDQJHUVDUHFDUULHGRXWLQDFFRUGDQFHZLWKWKHPDQXIDFWXUHU¶VLQVWUXFWLRQV
6HHDOVR6HFWLRQ
10.2.5 5HDFWRU&RUH,VRODWLRQ&RROLQJ6\\VWHP 5&,&
'HVLJQ%DVLV
D
7KHV\\VWHPVKDOORSHUDWHDXWRPDWLFDOO\\LQWLPHWRPDLQWDLQVXIILFLHQWFRRODQWLQ
WKHUHDFWRUYHVVHOVRWKDWWKHFRUHLVQRWXQFRYHUHGDVDUHVXOWRIORVVRIRIIVLWH
$&SRZHURUIRUD/RVVRI)HHGZDWHUHYHQW
E
3URYLVLRQVKDOOEHPDGHIRUUHPRWHPDQXDORSHUDWLRQRIWKHV\\VWHPE\\DUHDFWRU
RSHUDWRU
F
7RSURYLGHDKLJKGHJUHHRIDVVXUDQFHWKDWWKHV\\VWHPVKDOORSHUDWHZKHQ
QHFHVVDU\\WKHSRZHUVXSSO\\IRUWKHV\\VWHPVKDOOEHIURPLPPHGLDWHO\\DYDLODEOH
HQHUJ\\VRXUFHVRIKLJKUHOLDELOLW\\
G
7RSURYLGHDKLJKGHJUHHRIDVVXUDQFHWKDWWKHV\\VWHPVKDOORSHUDWHZKHQ
QHFHVVDU\\SURYLVLRQVKDOOEHPDGHVRWKDWSHULRGLFWHVWLQJFDQEHSHUIRUPHG
GXULQJQRUPDOSODQWSRZHURSHUDWLRQ
0217,&(//283'$7('6$)(7<$1$/<6,65(3257
86$5
6(&7,21
3/$17$8;,/,$5<6<67(06
5HYLVLRQ
3DJHRI
'HVFULSWLRQ
7KH5&,&6\\VWHPFRQVLVWVRIDWXUELQHGULYHQSXPSXQLWFDSDEOHRIGHOLYHULQJ
PDNHXSZDWHUWRWKHUHDFWRUYHVVHO$GHWDLOHG3 ,'LVVKRZQRQ6HFWLRQ
'UDZLQJV1+DQG1+
)ROORZLQJDUHDFWRUVKXWGRZQVWHDPJHQHUDWLRQFRQWLQXHVDWDUHGXFHGUDWHGXHWR
WKHFRUHILVVLRQSURGXFWGHFD\\KHDW1RUPDOO\\DWWKLVWLPHWKHPDLQWXUELQHE\\SDVV
V\\VWHPGLYHUWVWKHVWHDPWRWKHPDLQFRQGHQVHUDQGWKHUHDFWRU)HHGZDWHU6\\VWHP
VXSSOLHVWKHPDNHXSZDWHUUHTXLUHGWRPDLQWDLQUHDFWRUYHVVHOLQYHQWRU\\
,QWKHHYHQWWKHUHDFWRUYHVVHOLVLVRODWHGDQGWKHUHDFWRU)HHGZDWHU6\\VWHPVXSSO\\
LVXQDYDLODEOHSULPDU\\V\\VWHPUHOLHIYDOYHVDUHSURYLGHGWRDXWRPDWLFDOO\\ RUUHPRWH
PDQXDOO\\ PDLQWDLQYHVVHOSUHVVXUHZLWKLQGHVLUDEOHOLPLWV7KHZDWHUOHYHOLQWKH
UHDFWRUYHVVHOGURSVGXHWRUHOLHIYDOYHRSHUDWLRQ8SRQUHDFKLQJDSUHGHWHUPLQHG
ORZORZOHYHOWKH5&,&6\\VWHPLVLQLWLDWHGDVWKHVWHDPDGPLVVLRQYDOYH
DXWRPDWLFDOO\\RSHQV7KH5&,&6\\VWHPVXSSOLHVPDNHXSZDWHUXQWLODKLJKOHYHO
SRLQWLVUHDFKHGDWZKLFKWLPHWKHVWHDPDGPLVVLRQYDOYHDXWRPDWLFDOO\\FORVHVWR
SUHYHQWWXUELQHZDWHULQGXFWLRQ7KHDXWRUHVWDUWRIWKHWXUELQHRQORZORZZDWHUOHYHO
IROORZLQJDKLJKZDWHUOHYHOWULSVDWLVILHV185(* 5HIHUHQFH ,WHP,,.
7KHWXUELQHGULYHQSXPSVXSSOLHVGHPLQHUDOL]HGPDNHXSZDWHUIURPWKHFRQGHQVDWH
VWRUDJHWDQNWRUHDFWRUYHVVHO DQDOWHUQDWHVDIHW\\UHODWHGVRXUFHRIZDWHULVDYDLODEOH
IURPWKHVXSSUHVVLRQSRRO9DOYHVIURPWKHVXSSUHVVLRQSRROVXFWLRQOLQHDUH
DXWRPDWLFDOO\\RSHQHGZKHQFRQGHQVDWHVWRUDJHZDWHUOHYHOGURSVWRWKHVHWSRLQW
VSHFLILHGLQWKH7HFKQLFDO6SHFLILFDWLRQV7KLVDXWRPDWLFVZLWFKRYHUVDWLVILHV
185(*,WHP,,. 5HIHUHQFH 7KHFRQGHQVDWHVWRUDJHWDQNVXFWLRQ
YDOYHLVDXWRPDWLFDOO\\FORVHGDWWKHVDPHWLPHYLDDQLQWHUORFNZLWKWKHVXSSUHVVLRQ
SRROVXFWLRQYDOYHV
7KH5&,&6\\VWHPLVQRWFUHGLWHGLQWKHGHVLJQPLWLJDWLRQVHTXHQFHIRU6%23DUWRI
WKH5&,&6\\VWHPGHVLJQEDVLVLVWRVKRZWKDWWKHV\\VWHPZLOORSHUDWHIRUWZRKRXUV
IROORZLQJD/2237KLVLVDUHTXLUHPHQWRI185(*,WHP,,.
5HIHUHQFHVDQG
7KHWXUELQHLVGULYHQZLWKDSRUWLRQRIWKHGHFD\\KHDWVWHDPIURPWKHUHDFWRUYHVVHO
DQGH[KDXVWVWRWKHVXSSUHVVLRQSRRO7DEOHOLVWVWKHSULQFLSDOGHVLJQ
SDUDPHWHUVIRUWKHV\\VWHP
7KHFRPSRQHQWVRIWKH5&,&6\\VWHPLQFOXGH
2QHFDSDFLW\\WXUELQHDQGDFFHVVRULHV
2QHFDSDFLW\\SXPSDVVHPEO\\
3LSLQJYDOYHVDQGLQVWUXPHQWDWLRQIRU
6WHDPVXSSO\\WRWKHWXUELQH
7XUELQHH[KDXVWWRWKHVXSSUHVVLRQSRRO
0DNHXSVXSSO\\IURPWKHFRQGHQVDWHVWRUDJHWDQNWRWKHSXPSVXFWLRQ
0217,&(//283'$7('6$)(7<$1$/<6,65(3257
86$5
6(&7,21
3/$17$8;,/,$5<6<67(06
5HYLVLRQ
3DJHRI
0DNHXSVXSSO\\IURPWKHVXSSUHVVLRQSRROWRWKHSXPSVXFWLRQ
3XPSGLVFKDUJHWRWKHIHHGZDWHUOLQHLQFOXGLQJDWHVWOLQHWRWKH
FRQGHQVDWHVWRUDJHWDQNDQGDPLQLPXPIORZE\\SDVVOLQHWRWKH
VXSSUHVVLRQSRRO
&RQGHQVLQJVSDUJHUVXEPHUJHGLQWKHWRUXVZDWHU
7KHWXUELQHSXPSDVVHPEO\\LVORFDWHGEHORZWKHOHYHORIWKHUHVHUYRLUDQGEHORZWKH
PLQLPXPZDWHUOHYHOLQWKHVXSSUHVVLRQSRROWRDVVXUHSRVLWLYHVXFWLRQKHDGWRWKH
SXPS3XPS136+UHTXLUHPHQWVDUHPHWE\\SURYLGLQJDGHTXDWHVXFWLRQKHDGDQG
DGHTXDWHVXFWLRQOLQHVL]H$OOFRPSRQHQWVQHFHVVDU\\IRULQLWLDWLQJRSHUDWLRQRIWKH
5&,&V\\VWHPDUHFRPSOHWHO\\LQGHSHQGHQWRIDQ\\DX[LOLDU\\$&SRZHUSODQWVHUYLFH
DLUDQGH[WHUQDOFRROLQJZDWHUV\\VWHPVUHTXLULQJRQO\\DQG9GFSRZHUIURP
WKHSODQWEDWWHULHV
7KH5&,&V\\VWHPKDVVXIILFLHQWFDSDFLW\\WRNHHSWKHFRUHFRYHUHGIROORZLQJDORVVRI
DOO$&SRZHUDVVXPLQJDFRQVHUYDWLYHGHFD\\KHDWJHQHUDWLRQPRGHODW0:W
7KHJHQHUDOVHTXHQFHRIHYHQWVLQWKH/RVVRI)HHGZDWHU /2): DQDO\\VLVLVDV
IROORZV 7KHUHDFWRULVDVVXPHGWREHDWRI0:WZKHQWKH/2):RFFXUV
7KHLQLWLDOOHYHOLQWKHPRGHOLVFRQVHUYDWLYHO\\VHWDWWKHORZOHYHOVFUDPVHWSRLQWDQG
UHDFWRUIHHGZDWHULVLQVWDQWDQHRXVO\\LVRODWHGDWHYHQWLQLWLDWLRQ6FUDPLVLQLWLDWHGDW
WKHVWDUWRIWKHHYHQW:KHQWKHOHYHOGHFUHDVHVWRWKHORZORZOHYHOVHWSRLQWWKH
5&,&V\\VWHPDQG06,9FORVXUHDUHLQLWLDWHG7KH5&,&IORZWRWKHYHVVHOEHJLQVDW
VHFRQGVLQWRWKHHYHQWPLQLPXPOHYHOLVUHDFKHGDWVHFRQGVDQGOHYHOLV
UHFRYHUHGDIWHUWKDWSRLQW2QO\\5&,&IORZLVFUHGLWHGWRUHFRYHUWKHUHDFWRUZDWHU
OHYHO7KHUHDUHQRDGGLWLRQDOIDLOXUHVDVVXPHGEH\\RQGWKHIDLOXUHRIWKH+3&,
V\\VWHP7KHGHFD\\KHDWXVHGERXQGV$16 WZRVLJPD7KHLPSDFWRI
GLIIHUHQFHVEHWZHHQ*(IXHODQG$75,80;0IXHORQGHFD\\KHDWZHUH
HYDOXDWHGDQGWKHGHFD\\KHDWIRUWKHVHIXHOW\\SHVKDVEHHQGHWHUPLQHGWREHYHU\\
VLPLODU5HIHUHQFH
7KLV/2):DQDO\\VLVLVSHUIRUPHGWRGHPRQVWUDWHDFFHSWDEOH5&,&V\\VWHP
SHUIRUPDQFH7KHGHVLJQEDVLVFULWHULRQIRUWKH5&,&V\\VWHPLVFRQILUPHGE\\
GHPRQVWUDWLQJWKDWLWLVFDSDEOHRIPDLQWDLQLQJWKHZDWHUOHYHOLQVLGHWKHVKURXG
DERYHWKHWRSRIDFWLYHIXHOGXULQJWKH/2):WUDQVLHQW7KHPLQLPXPOHYHOLV
PDLQWDLQHGDWOHDVWLQFKHVDERYHWKHWRSRIDFWLYHIXHOWKHUHE\\GHPRQVWUDWLQJ
DFFHSWDEOH5&,&V\\VWHPSHUIRUPDQFH 5HIHUHQFH
8SRQUHFHLSWRIWKHUHDFWRUYHVVHOORZORZZDWHUOHYHOVLJQDOWKH5&,&6\\VWHPVWDUWV
DXWRPDWLFDOO\\DQGGHOLYHUVGHVLJQIORZZLWKLQVHFRQGV
7KH5&,&WXUELQHKDVWZRV\\VWHPVIRUFRQWUROOLQJSRZHUZLWKWKHFRQWUROYDOYH
SRVLWLRQHGE\\WKHORZHUVHWWLQJRIWKHWZR
D
6SHHGJRYHUQRUOLPLWLQJWKHWXUELQHVSHHGWRLWVPD[LPXPRSHUDWLRQVSHHG
E
$FRQWUROJRYHUQRUZLWKDXWRPDWLFVSHHGVHWSRLQWFRQWUROZKLFKLVSRVLWLRQHGE\\
DGHPDQGVLJQDOIURPDIORZFRQWUROOHUWRPDLQWDLQFRQVWDQWIORZRYHUWKH
SUHVVXUHUDQJHRI5&,&RSHUDWLRQ
0217,&(//283'$7('6$)(7<$1$/<6,65(3257
86$5
6(&7,21
3/$17$8;,/,$5<6<67(06
5HYLVLRQ
3DJHRI
7KHUHDFWRURSHUDWRUKDVWKHFDSDELOLW\\WRVHOHFWPDQXDOFRQWURORIWKHWXUELQH
JRYHUQRUDQGDGMXVWSRZHUDQGIORZWRPDWFKGHFD\\KHDWVWHDPJHQHUDWLRQGXULQJWKH
SHULRGRI5&,&RSHUDWLRQ
7KHPDNHXSZDWHULVGHOLYHUHGLQWRWKHUHDFWRUYHVVHODQGGLVWULEXWHGWKURXJKWKH
UHDFWRUIHHGZDWHUV\\VWHPVSDUJHUVWRREWDLQPL[LQJZLWKWKHKRWZDWHUDQGVWHDP
ZLWKLQWKHUHDFWRUSUHVVXUHYHVVHO%HFKWHOFDOFXODWLRQVKDYHVKRZQWKDWWKH
5&,&WRIHHGZDWHUFRQQHFWLRQLVQRWMHRSDUGL]HGE\\WKHUPDOVKRFNDQG
FRQVHTXHQWO\\WKHUHLVQRWKHUPDOVOHHYHLQVWDOOHGLQWKLVFRQQHFWLRQ
9DFXXPEUHDNHUOLQHVZHUHDGGHGWRWKH5&,&WXUELQHH[KDXVWOLQHVWRSUHYHQW
GDPDJHWRWKHH[KDXVWOLQHFKHFNYDOYHVDQGLPSURYHORZORDGRSHUDWLRQRIWKH
WXUELQH7KHYDFXXPEUHDNHUVDUHLQVWDOOHGLQDOLQHFRQQHFWLQJWKHWRUXVDLUVSDFH
ZLWKWKHWXUELQHH[KDXVWOLQH7KH5&,&VSDUJHUVXSSRUWZDVUHGHVLJQHGWRWDNHWKH
LQFUHDVHGORDGGXHWRWKHLQVWDOODWLRQRIWKH6597TXHQFKHUV
'XULQJ5&,&RSHUDWLRQWKHVXSSUHVVLRQSRRODFWVDVWKHKHDWVLQNIRUVWHDP
JHQHUDWHGE\\UHDFWRUGHFD\\KHDWUHVXOWLQJLQDULVHLQSRROZDWHUWHPSHUDWXUH+HDW
H[FKDQJHUVLQWKH5HVLGXDO+HDW5HPRYDO6\\VWHPDUHXVHGWRPDLQWDLQSRROZDWHU
WHPSHUDWXUHZLWKLQDFFHSWDEOHOLPLWV
3URYLVLRQVH[LVWIRUDXWRPDWLFVKXWGRZQRIWKH5&,&WXUELQHXSRQUHFHLSWRIDQ\\RQH
RIWKHIROORZLQJVLJQDOV
D
7XUELQHRYHUVSHHG
E
+LJKZDWHUOHYHOLQWKHUHDFWRUYHVVHO
F
/RZSXPSVXFWLRQSUHVVXUH
G
+LJKWXUELQHH[KDXVWSUHVVXUH
7KHVWHDPVXSSO\\WRWKHWXUELQHLVDXWRPDWLFDOO\\LVRODWHGXSRQUHFHLSWRIRQHRIWKH
IROORZLQJVLJQDOV
D
+LJKSUHVVXUHGURSDFURVVDIORZGHYLFHLQWKHVWHDPVXSSO\\OLQHDIWHUD
VHFRQGWLPHGHOD\\7KLVWLPHGHOD\\UHGXFHVWKHSUREDELOLW\\RIDVSXULRXVWULS
GXULQJVWDUWXS 5HIHUHQFH
E
+LJKDUHDWHPSHUDWXUHXWLOL]LQJWHPSHUDWXUHVZLWFKHVFRQQHFWHGLQ
RQHRXWRIWZRWZLFHORJLF+LJKDUHDWHPSHUDWXUHLVDOVRDODUPHGLQWKHSODQW
PDLQFRQWUROURRPXVLQJLQGHSHQGHQWWHPSHUDWXUHVHQVLQJHOHPHQWV
F
/RZUHDFWRUSUHVVXUHXWLOL]LQJSUHVVXUHVZLWFKHVFRQQHFWHGLQ
RQHRXWRIWZRWZLFHORJLF
,QDGGLWLRQWRWKHDXWRPDWLFRSHUDWLRQDOIHDWXUHVSURYLVLRQVDUHLQFOXGHGIRU
UHPRWHPDQXDOVWDUWXSRSHUDWLRQDQGVKXWGRZQRIWKH5&,&V\\VWHPSURYLGHG
ORZORZDQGKLJKZDWHUOHYHOVLJQDOVGRQRWH[LVW
0217,&(//283'$7('6$)(7<$1$/<6,65(3257
86$5
6(&7,21
3/$17$8;,/,$5<6<67(06
5HYLVLRQ
3DJHRI
3HUIRUPDQFH$QDO\\VLV
5&,&2SHUDWLRQ)ROORZLQJ/RVVRI$&3RZHU
8SRQORVVRIRIIVLWH$&SRZHUZKLOHWKHSODQWLVRSHUDWLQJDWGHVLJQSRZHUWKH
UHDFWRULVDXWRPDWLFDOO\\VFUDPPHGDQGWKHUHDFWRUYHVVHOLVDXWRPDWLFDOO\\LVRODWHG
7KHHOHFWULFUHDFWRU)HHGZDWHU6\\VWHPSXPSVORVHSRZHUDQGFRDVWWRDVWRS,IWKH
ZDWHUOHYHOLQWKHUHDFWRUYHVVHOGHFUHDVHVWRWKH5&,&LQLWLDWLRQOHYHOWKHV\\VWHP
DXWRPDWLFDOO\\VWDUWVDQGSXPSVPDNHXSZDWHUWRWKHYHVVHO7KHSXPSLQJFDSDFLW\\
RIWKH5&,&V\\VWHPLVVXIILFLHQWWRPDLQWDLQWKHZDWHUOHYHODERYHWKHFRUHZLWKRXW
DQ\\RWKHUPDNHXSZDWHUV\\VWHPLQRSHUDWLRQ
6SDFHFRROLQJIRUWKH5&,&URRPLVKDQGOHGE\\RQHDLUFRROLQJXQLW2QORVVRI$&
SRZHUWKLVXQLWLVSRZHUHGIURPDQHPHUJHQF\\VRXUFHEXWWKHUHLVQRSURYLVLRQIRUD
VXSSO\\RIHPHUJHQF\\VHUYLFHZDWHU7HVWLQJRI7HUU\\VWHDPWXUELQHVDQG:RRGZDUG
HOHFWURQLFFRQWUROV\\VWHPVE\\WKH*(%:52ZQHUV¶*URXSKDVVKRZQWKDWUHDOLVWLF
5&,&HTXLSPHQWHQYLURQPHQWDOOLPLWVDUH)DWUHODWLYHKXPLGLW\\IRUWZR
KRXUV$QDQDO\\VLVRI5&,&URRPKHDWXSDIWHUDFRPSOHWHORVVRISRZHULQGLFDWHV
WKDWWKH5&,&URRPZLOOQRWH[FHHG)LQWZRKRXUV 5HIHUHQFH
5&,&2SHUDWLRQ)ROORZLQJ1RUPDO5HDFWRU6KXWGRZQ
)ROORZLQJDQ\\UHDFWRUVKXWGRZQVWHDPJHQHUDWLRQFRQWLQXHVGXHWRKHDWSURGXFHG
E\\WKHUDGLRDFWLYHGHFD\\RIILVVLRQSURGXFWV,QLWLDOO\\WKHUDWHRIVWHDPJHQHUDWLRQFDQ
EHDVPXFKDVDSSUR[LPDWHO\\RIUDWHGIORZDQGLVDXJPHQWHGGXULQJWKHILUVWIHZ
VHFRQGVE\\GHOD\\HGQHXWURQVDQGVRPHRIWKHUHVLGXDOHQHUJ\\VWRUHGLQWKHIXHO
7KHVWHDPQRUPDOO\\IORZVWRWKHPDLQFRQGHQVHUWKURXJKWKHWXUELQHE\\SDVVRULIWKH
PDLQFRQGHQVHULVLVRODWHGWRWKHVXSSUHVVLRQSRRO
7KHIOXLGUHPRYHGIURPWKHUHDFWRUYHVVHOLVQRUPDOO\\PDGHXSE\\WKHUHDFWRU
IHHGZDWHUSXPSVRUSDUWLDOO\\PDGHXSE\\OHDNDJHIURPWKHFRQWUROURGGULYHV\\VWHP
ZKLFKLVVXSSOLHGE\\WKHFRQWUROURGGULYHIHHGSXPSV,IPDNHXSZDWHULVUHTXLUHG
WRVXSSOHPHQWRUVXEVWLWXWHIRUWKHVHSULPDU\\VRXUFHVRIZDWHUWKH5&,&
WXUELQHSXPSXQLWVWDUWVDXWRPDWLFDOO\\XSRQUHFHLSWRIDUHDFWRUYHVVHOORZORZZDWHU
OHYHOVLJQDO
5&,&$FWLRQZLWK5&,&%UHDN
6KRXOGDEUHDNRFFXURQWKH5&,&VWHDPOLQHHLWKHUGXULQJRSHUDWLRQRIWKH5&,&RU
ZKHQWKH5&,&LVQRWLQRSHUDWLRQWKH5&,&VWHDPOLQHLVRODWLRQYDOYHVFORVHLQWLPH
WRSUHYHQWXQFRYHULQJWKHFRUH7KHHPHUJHQF\\FRUHFRROLQJV\\VWHPV (&&6
SURYLGHFRUHFRROLQJLQWKLVVLWXDWLRQ
0217,&(//283'$7('6$)(7<$1$/<6,65(3257
86$5
6(&7,21
3/$17$8;,/,$5<6<67(06
5HYLVLRQ
3DJHRI
,QVSHFWLRQDQG7HVWLQJ
3URYLVLRQVH[LVWIRUWHVWLQJWKHRSHUDELOLW\\DQGSHUIRUPDQFHRIVHYHUDOFRPSRQHQWVRI
WKH5&,&WXUELQHSXPSXQLW7KHIROORZLQJDUHFDSDEOHRIEHLQJWHVWHGSHULRGLFDOO\\
D
,WLVSRVVLEOHWRFDUU\\RXWDFRPSOHWHWXUELQHSXPSWHVWDWDQ\\WLPHGXULQJQRUPDO
SODQWRSHUDWLRQ7KHVWHDPDGPLVVLRQYDOYHLVRSHQHGDQGWKHPRWRURSHUDWHG
YDOYHLQWKHSXPSGLVFKDUJHOLQHLVFORVHG7KHV\\VWHPWKHQIHHGVPDNHXS
ZDWHUWKURXJKDE\\SDVVOLQHWRWKHFRQGHQVDWHVWRUDJHWDQN7KHE\\SDVVOLQHLV
WKURWWOHGE\\DPRWRURSHUDWHGFRQWUROYDOYH GUDJW\\SH WRVLPXODWHDGLVFKDUJH
LQWRWKHSUHVVXUL]HGUHDFWRU$IDWLJXHHYDOXDWLRQIRUWKH5&,&WXUELQHH[KDXVW
WRUXVQR))OH 5HIHUHQFH FRQFOXGHGWKDWDXVDJHIDFWRURI IRU5&,&
WXUELQHRSHUDWLRQDOWHVWLQJFRUUHVSRQGVWRDOORZDEOHRSHUDWLRQDOWHVWVRI
WKH5&,&WXUELQH
E
,WLVSRVVLEOHWRLVRODWHWKHV\\VWHPFRPSOHWHO\\IURPWKHUHDFWRUSULPDU\\V\\VWHP
E\\YDOYHRSHUDWLRQVLIPDLQWHQDQFHDGMXVWPHQWVRUWHVWVRQLQGLYLGXDO
FRPSRQHQWVDUHQHFHVVDU\\GXULQJVWDWLRQRSHUDWLRQ
F
,WLVSRVVLEOHWRH[HUFLVHDQGGHPRQVWUDWHWKHRSHUDELOLW\\RIDOOPRWRURSHUDWHG
YDOYHV
7KHOHYHORIZDWHULQWKHFRQGHQVDWHVWRUDJHWDQNDQGVXSSUHVVLRQFKDPEHULV
FRQWLQXRXVO\\LQGLFDWHGLQWKHSODQWPDLQFRQWUROURRP,QVWUXPHQWDWLRQSURYLGHVIXOO
PRQLWRULQJRIWKH5&,&RSHUDWLRQ7KHWXUELQHSXPSXQLWLVDFFHVVLEOHIRULQVSHFWLRQ
DQGPDLQWHQDQFHGXULQJRSHUDWLRQDWQRUPDOUHDFWRUSRZHUOHYHO
10.2.6 5HIXHO)ORRU$X[LOLDU\\%ULGJH
'HVLJQ%DVLV
7KHGHVLJQREMHFWLYHRIWKH5HIXHO)ORRU$X[LOLDU\\%ULGJHLVWRSURYLGHDSODWIRUPWR
IDFLOLWDWH,Q9HVVHOZRUNSHUIRUPHGGXULQJUHIXHOLQJRXWDJHV7KHDX[LOLDU\\EULGJHLV
GHVLJQHGWRPHHWWKHJXLGHOLQHVRI185(* 5HIHUHQFH 7KHEULGJH
PRQRUDLOVDQGKRLVWVDUHGHVLJQHGWRPHHW$16,1UHTXLUHPHQWV
'HVFULSWLRQ
7KHUHIXHOIORRUDX[LOLDU\\EULGJHLVDSHUVRQQHOZRUNSODWIRUP,WLVFRPSULVHGRI
VHFWLRQVFRQVLVWLQJRIEHDPVWZRHQGWUXFNDVVHPEOLHVDZRUNSODWIRUPDQG
KDQGUDLOV'HFNSODWHVEHWZHHQWKHSDUDOOHOJLUGHUVVXSSRUWHGE\\VXLWDEOHFURVV
PHPEHUVZHOGHGWRWKHJLUGHUVPDNHXSDZRUNSODWIRUPWKDWVSDQVWKHUHDFWRU
FDYLW\\7KHEULGJHPD\\EHHTXLSSHGZLWKRYHUKHDGPRQRUDLOVDQGKRLVWVWRUDLVHDQG
ORZHUWRROLQJ7KHSODWIRUPDQGEULGJHDVVHPEO\\LVSODFHGRQWRWKHUHIXHOLQJSODWIRUP
UDLOVWKHQVWRUHGRYHUWKHIXHOSRROXQWLODIWHUUHDFWRUYHVVHOGLVDVVHPEO\\)ROORZLQJ
UHIXHOLQJDFWLYLWLHVDQGUHDFWRUYHVVHOUHDVVHPEO\\WKHDX[LOLDU\\EULGJHLVJHQHUDOO\\
UHPRYHGIURPWKHUHIXHOLQJSODWIRUPUDLOV
0217,&(//283'$7('6$)(7<$1$/<6,65(3257
86$5
6(&7,21
3/$17$8;,/,$5<6<67(06
5HYLVLRQ
3DJHRI
3HUIRUPDQFH$QDO\\VLV
7KH5HIXHOLQJ)ORRU$X[LOLDU\\%ULGJHLVDWRROGHVLJQHGWRIDFLOLWDWH,Q9HVVHOZRUN
GXULQJUHIXHOLQJRXWDJHV7KHDGGLWLRQDOORDGSODFHGRQWKHUHIXHOIORRUZLOOQRW
H[FHHGWKHGHVLJQORDGRIWKHIORRU7KHDX[LOLDU\\EULGJHLVGHVLJQHGWRWKHVDPH
GHJUHHRIVDIHW\\DVWKHH[LVWLQJUHIXHOLQJSODWIRUPDQGLVVHLVPLFDOO\\TXDOLILHGE\\
DQDO\\VLVWRDVVXUHWKDWWKHEULGJHZLOOQRWIDLOVOLSRIIWKHWUDFNVRURYHUWXUQGXHWRD
VHLVPLFHYHQW
,QVSHFWLRQDQG7HVWLQJ
,QVSHFWLRQDQGWHVWLQJFRQVLVWVRIVWDQGDUGUHFHLSWLQVSHFWLRQ7KHLQVSHFWLRQ
LQFOXGHVFKHFNLQJZHOGHGDQGEROWHGFRQQHFWLRQVIRUVWUXFWXUDOLQWHJULW\\DQG
DSSOLFDEOHORDGWHVWLQJRIPRQRUDLOVDQGKRLVWDVVHPEOLHVSHUWKHUHTXLUHPHQWVRI
185(*DQG$16,1+HDY\\/RDGV'HVLJQ&ULWHULD
0217,&(//283'$7('6$)(7<$1$/<6,65(3257
86$5
6(&7,21
3/$17$8;,/,$5<6<67(06
5HYLVLRQ
3DJHRI
7DEOH5HDFWRU$X[LOLDU\\6\\VWHPV
6SHQW)XHO3RRO&RROLQJDQG'HPLQHUDOL]HU6\\VWHP
3ULQFLSDO'HVLJQ3DUDPHWHUV
3DJHRI
6<67(0
5HDFWRU&RUH7KHUPDO3RZHU
0:W
)LVVLRQ3URGXFW%XLOGXS/HYHO
(TXLOLEULXP
1XPEHURI6SHQW)XHO%XQGOHV5HPRYHGWR6WRUDJH
$YHUDJH'LVFKDUJH
%DWFK
7LPHDIWHU5HDFWRU6KXWGRZQZKHQ6SHQW)XHO3RRO
&RQVLVWHQWZLWK
&RROLQJ6\\VWHP$VVXPHV(QWLUH+HDW/RDGKRXUV
5HIXHOLQJ6FKHGXOH
7HPSHUDWXUHDWRUEHORZZKLFKWKH6WRUDJH3RRO:DWHU
)
LV0DLQWDLQHG
&20321(176
6SHQW)XHO3RRO&RROLQJDQG'HPLQHUDOL]HU3XPS
7\\SHRI3XPS
&HQWULIXJDOKRUL]RQWDO
1XPEHU
HDFK
6HUYLFH
&RQWLQXRXV
'HVLJQ&RQGLWLRQV HDFKSXPS
3UHVVXUH
SVLJ
7HPSHUDWXUH
)
1RUPDO2SHUDWLQJ&RQGLWLRQV HDFKSXPS
&DSDFLW\\
JSP
7RWDO'HYHORSHG+HDG
IW
6XFWLRQ3UHVVXUH
SVLJ
3XPSLQJ7HPSHUDWXUH
)
7\\SHRI'ULYH
(OHFWULF0RWRU
5DWLQJ
KS
6SHQW)XHO3RRO'HPLQHUDOL]HU8QLWV
7\\SHRI8QLW
)LOWHU'HPLQHUDOL]HU
1XPEHU
HD
)LOWHU(OHPHQW
VWDLQOHVVVWHHO
0217,&(//283'$7('6$)(7<$1$/<6,65(3257
86$5
6(&7,21
3/$17$8;,/,$5<6<67(06
5HYLVLRQ
3DJHRI
7DEOH5HDFWRU$X[LOLDU\\6\\VWHPV
6SHQW)XHO3RRO&RROLQJDQG'HPLQHUDOL]HU6\\VWHP
3ULQFLSDO'HVLJQ3DUDPHWHUV
3DJHRI
'HVLJQ&RQGLWLRQV HDFKXQLW
)ORZ5DWH
JSP
)ORZ$UHD
IW
3UHVVXUH
SVLJ
7HPSHUDWXUH
)
3UHVVXUH'URS
&OHDQ
SVL
0D[LPXP
SVL
6SHQW)XHO3RRO+HDW([FKDQJHUV
7\\SHRI8QLW
6KHOODQGWXEHKHDW
H[FKDQJHUKRUL]RQWDO
1XPEHU
HD
'HVLJQ&RQGLWLRQV HDFKXQLW
7XEH6LGH
6KHOO6LGH
)OXLG
'HPLQHUDOL]HG
5HDFWRU%XLOGLQJ
- DWHU
&ORVHG&RROLQJ
- DWHU6\\VWHP
'HVLJQ)ORZ0D[)ORZ
JSP
JSP
'HVLJQ3UHVVXUH
SVLJ
SVLJ
0D[LPXP2SHUDWLQJ
)
)
7HPSHUDWXUH
7XEH6LGH
6KHOO6LGH
0D[LPXP3UHVVXUH'URS
SVL
SVL
+HDW7UDQVIHUUHG
[%WXKU
[%WXKU
,QOHW7HPSHUDWXUH
)
)
2XWOHW7HPSHUDWXUH
)
)
3RZHU6RXUFHV
3XPSLQJ
1RUPDO$X[LOLDULHVDQG'LHVHO
- HQHUDWRUV
&RQWURO
3ODQW%DWWHULHV
0217,&(//283'$7('6$)(7<$1$/<6,65(3257
86$5
6(&7,21
3/$17$8;,/,$5<6<67(06
5HYLVLRQ
3DJHRI
7DEOH5HDFWRU$X[LOLDU\\6\\VWHPV
5HDFWRU&OHDQXS'HPLQHUDOL]HU6\\VWHP
3ULQFLSDO'HVLJQ3DUDPHWHUV
3DJHRI
&20321(176
&OHDQXS5HFLUFXODWLRQ3XPS
7\\SH
+RUL]RQWDO&HQWULIXJDO
1XPEHU
HD
'HVLJQ&RQGLWLRQV HDFKSXPS
)ORZ
JSP
+HDG
IW
'HVLJQ3UHVVXUH
SVLJ
'HVLJQ7HPSHUDWXUH
)
0DWHULDO
VWDLQOHVVVWHHO
0RWRU
KS
136+U
IW
&OHDQXS)LOWHU'HPLQHUDOL]HU8QLW
7\\SHRI8QLW
)LOWHU'HPLQHUDOL]HU
1XPEHU
HD
'HVLJQ&RQGLWLRQV HDFKXQLW
'HVLJQ)OX[
SVLG#JSPSHUVTIWRI
ILOWHU
'HVLJQ)LOWHU$UHD
IW
'HVLJQ3UHVVXUH
SVLJ
'HVLJQ7HPSHUDWXUH
)
)LOWHU&DUWULGJH0DWHULDO
VWDLQOHVVVWHHO
3UHVVXUH'URS
&OHDQ
SVL
0D[LPXP
SVL
&OHDQXS5HJHQHUDWLYH+HDW([FKDQJHU
7\\SHRI8QLW
0XOWLVKHOODQGWXEHKHDW
H[FKDQJHUKRUL]RQWDO
1XPEHU5HTXLUHG
2QHXQLW VKHOOVHDFK
VKHOOZLWKWZRWXEH
SDVVHV
0217,&(//283'$7('6$)(7<$1$/<6,65(3257
86$5
6(&7,21
3/$17$8;,/,$5<6<67(06
5HYLVLRQ
3DJH RI
7DEOH 5HDFWRU$X[LOLDU\\6\\VWHPV
5HDFWRU&OHDQXS'HPLQHUDOL]HU6\\VWHP
3ULQFLSDO'HVLJQ3DUDPHWHUV
3DJHRI
'HVLJQ&RQGLWLRQV HDFKXQLW
7XEH6LGH
6KHOO6LGH
)OXLG
5HDFWRU&RRODQW
5HDFWRU&RRODQW
'HVLJQ)ORZ
[OEKU
[OEKU
'HVLJQ3UHVVXUH
SVLJ
SVLJ
'HVLJQ7HPSHUDWXUH
)
)
0D[LPXP3UHVVXUH'URS
SVL
SVL
&OHDQXS1RQUHJHQHUDWLYH+HDW([FKDQJHU
7\\SHRI8QLW
0XOWLVKHOODQGWXEHKHDW
H[FKDQJHUKRUL]RQWDO
1XPEHU5HTXLUHG
2QHXQLW WZRVKHOOV
HDFKVKHOOZLWKWZRWXEH
SDVVHV
'HVLJQ&RQGLWLRQV
7XEH6LGH
6KHOO6LGH
)OXLG
5HDFWRU:DWHU
5HDFWRU%XLOGLQJ
&ORVHG&RROLQJ
- DWHU6\\VWHP
'HVLJQ)ORZ
[OEKU
[OEKU
'HVLJQ7HPSHUDWXUH
)
)
'HVLJQSUHVVXUH
SVLJ
SVLJ
0D[LPXP3UHVVXUH'URS
SVL
SVL
+HDW7UDQVIHUUHG
[%WXKU
[%WXKU
32:(56285&(6
3XPSLQJ
1RUPDO$X[LOLDULHV
&RQWURO
3ODQW%DWWHULHV
127( &OHDQXS+HDW([FKDQJHU'HVLJQVDUH%DVHG8SRQ1RUPDO2SHUDWLQJ&RQGLWLRQV
0217,&(//283'$7('6$)(7<$1$/<6,65(3257
86$5
6(&7,21
3/$17$8;,/,$5<6<67(06
5HYLVLRQ
3DJHRI
7DEOH5HDFWRU$X[LOLDU\\6\\VWHPV
5HDFWRU&RUH,VRODWLRQ&RROLQJ6\\VWHP 5&,&
3ULQFLSDO&RPSRQHQWV3DUDPHWHUV
5&,&3XPS
)ORZ5DWH
JSP
- DWHU7HPSHUDWXUH
)WR)
136+
IW
'HYHORSHG+HDG
IW#
SVLD5HDFWRU3UHVVXUH
IW#
SVLD5HDFWRU3UHVVXUH
5&,&7XUELQH
+3&RQGLWLRQ
/3&RQGLWLRQ
5HDFWRU3UHVVXUH
SVLD
SVLD
6WHDP,QOHW3UHVVXUH
SVLD
SVLD
([KDXVW3UHVVXUH
SVLD
SVLD
6WHDP&RQVXPSWLRQ
OEKU
OEKU
9DOYH5HTXLUHPHQWV
6WHDP6XSSO\\9DOYH
2SHQDQGRUFORVHDJDLQVWIXOO
02
SUHVVXUHZLWKLQVHF
3XPS'LVFKDUJH9DOYHV
2SHQDJDLQVWIXOOSUHVVXUH
02DQG02
ZLWKLQVHF
3XPS0LQLPXP)ORZ
2SHQDQGRUFORVHDJDLQVWIXOO
%\\SDVV9DOYH
SUHVVXUHZLWKLQVHF
&RQGHQVDWH6WRUDJH5HTXLUHPHQW
,QYHQWRU\\IRU5&,& ZLWK+3&,DVEDFNXSWR5&,& JDOORQV
7KHFRQGHQVDWHVWRUDJHUHTXLUHPHQWH[FHHGVWKDWUHTXLUHGIRU5&,&RSHUDWLRQDWPD[LPXP
FDSDFLW\\GXULQJWKHWZRKRXU5&,&PLVVLRQWLPHIRUDORVVRIIHHGZDWHUHYHQW
5HIHUHQFH
0217,&(//283'$7('6$)(7<$1$/<6,65(3257
86$5
6(&7,21
3/$17$8;,/,$5<6<67(06
5HYLVLRQ
3DJHRI
10.3 3ODQW6HUYLFH6\\VWHPV
10.3.1 )LUH3URWHFWLRQ6\\VWHP
'HVLJQ%DVLV
7KH0RQWLFHOOR1XFOHDU*HQHUDWLQJ3ODQW 01*3 )LUH3URWHFWLRQ3URJUDPKDVEHHQ
HVWDEOLVKHGWRPLQLPL]HWKHOLNHOLKRRGRIILUHVHQVXUHWKHFDSDELOLW\\WRVKXWGRZQWKH
UHDFWRUDQGPDLQWDLQLWLQDVDIHVKXWGRZQFRQGLWLRQDQGPLQLPL]HUDGLRDFWLYH
UHOHDVHVWRWKHHQYLURQPHQWLQWKHHYHQWRIDILUH7KH)LUH3URWHFWLRQ3URJUDP
LPSOHPHQWVWKHSKLORVRSK\\RIGHIHQVHLQGHSWKSURWHFWLRQDJDLQVWWKHKD]DUGVRIILUH
DQGLWVDVVRFLDWHGHIIHFWVRQHTXLSPHQWLPSRUWDQWWRVDIHW\\E\\
D
3UHYHQWLQJILUHVIURPVWDUWLQJ
E
5DSLGO\\GHWHFWLQJFRQWUROOLQJDQGSURPSWO\\H[WLQJXLVKLQJILUHVWKDWGRRFFXU
F
3URYLGLQJSURWHFWLRQIRUVWUXFWXUHVV\\VWHPVDQGFRPSRQHQWVLPSRUWDQWWR
VDIHW\\VRWKDWDILUHQRWSURPSWO\\H[WLQJXLVKHGE\\ILUHVXSSUHVVLRQDFWLYLWLHVZLOO
QRWSUHYHQWVDIHVKXWGRZQRIWKHSODQW
3ODQWGHVLJQIHDWXUHVUHIOHFWLQJWKHDERYHDUHGHVFULEHGLQ$SSHQGL[-³)LUH
3URWHFWLRQ3URJUDP'
6HFWLRQ,QWURGXFWLRQ%DFNJURXQGDQGREMHFWLYHV
6HFWLRQ/LFHQVLQJ6XPPDU\\6XPPDU\\RISDVWVXEPLWWDOVDQGHYDOXDWLRQV
UHODWHGWRILUHSURWHFWLRQDQGSRVWILUHVDIHVKXWGRZQHYDOXDWLRQVDW01*3
6HFWLRQ&RPSDULVRQWR5HJXODWRU\\*XLGDQFH&RPSDULVRQRIWKH01*3)LUH
3URWHFWLRQ3URJUDPDJDLQVWWKHJXLGDQFHFRQWDLQHGLQ6WDQGDUG5HYLHZ3ODQ
6HFWLRQ3RVW)LUH6DIH6KXWGRZQ$QDO\\VLV 66'$ 'HVFULSWLRQRIWKHSRVWILUH
VDIHVKXWGRZQFDSDELOLW\\DQGHYDOXDWLRQRIWKHDGHTXDF\\RIWKHVHSDUDWLRQRIWKH
UHGXQGDQWV\\VWHPVWRHQVXUHSRVWILUHVDIHVKXWGRZQ
6HFWLRQ8SGDWHG)LUH+D]DUGV$QDO\\VLV 8)+$ (YDOXDWLRQRIWKHDGHTXDF\\RI
WKHSODQWILUHSURWHFWLRQIHDWXUHVWRFRQWURODQGFRQWDLQWKHILUHKD]DUGVZLWKLQHDFK
SODQWDUHD
6LJQLILFDQW01*3DQG15&FRUUHVSRQGHQFHFRPPLWPHQWVDQGDSSURYDOVDUH
GRFXPHQWHGLQ5HIHUHQFHVDQG
0217,&(//283'$7('6$)(7<$1$/<6,65(3257
86$5
6(&7,21
3/$17$8;,/,$5<6<67(06
5HYLVLRQ
3DJHRI
'HVFULSWLRQ
)LUH&RQWURO6\\VWHPV
7KH)LUH3URWHFWLRQ6\\VWHPFRQVLVWVRIDJSPGLHVHOGULYHQYHUWLFDOFHQWULIXJDO
SXPSWZRJSPHOHFWULFDOPRWRUGULYHQYHUWLFDOFHQWULIXJDOSXPSVDQGD
JSPHOHFWULFPRWRUGULYHQKRUL]RQWDOFHQWULIXJDOMRFNH\\SXPSSOXVDVVRFLDWHG
SLSLQJYDOYHVVWUDLQHUVLQVWUXPHQWDWLRQDQGFRQWUROV7KHV\\VWHP3 ,'LVVKRZQLQ
6HFWLRQ'UDZLQJV1+DQG1+2QHRIWKHHOHFWULFPRWRUGULYHQ
SXPSVVXSSOLHVWKHILUHV\\VWHPDQGLVNQRZQDVWKHILUHSXPS7KHVHFRQGHOHFWULF
PRWRUGULYHQSXPSVXSSOLHVWKHQHHGVRIWKHVFUHHQZDVKV\\VWHPLQDGGLWLRQWR
EHLQJDILUHSXPSDQGLVNQRZQDVWKHVFUHHQZDVKILUHSXPS7KHJSPSXPSV
HDFKKDYHDGXSOH[EDVNHWVWUDLQHUORFDWHGLQWKHLUGLVFKDUJH7KHMRFNH\\SXPS
WDNHVLWVVXFWLRQIURPWKHVHUYLFHZDWHUV\\VWHPKHDGHUDIWHUWKHDXWRVWUDLQHU
7KHMRFNH\\SXPSDQGRUWKHVFUHHQZDVKILUHSXPSDUHRSHUDWHGWRPDLQWDLQILUH
SURWHFWLRQV\\VWHPKHDGHUSUHVVXUHJUHDWHUWKDQWKHHOHFWULFPRWRUGULYHQILUHSXPS
DXWRPDWLFVWDUWVHWSRLQW8SRQDGURSRIKHDGHUSUHVVXUHWRSVLJWKHHOHFWULF
PRWRUGULYHQILUHSXPSDQGWKHGLHVHOHQJLQHGULYHQILUHSXPSVWDUW$IWHUDWLPH
GHOD\\LIWKHSUHVVXUHLQWKHV\\VWHPKHDGHUUHPDLQVDWSVLJRUOHVVWKHVFUHHQ
ZDVKILUHSXPSVWDUWVDVDWKLUGILUHV\\VWHPSXPS6LQFHWKHGLHVHOHQJLQHGULYHQILUH
SXPSLVEDWWHU\\VWDUWHGLWZLOOVWDUWZKHQKHDGHUSUHVVXUHGHFUHDVHVWRSVLJHYHQ
LIDORVVRISODQW$&SRZHUZHUHWRRFFXU3URYLVLRQVDUHPDGHIRUWKHGLHVHOILUH
SXPSWRVXSSO\\DQDOWHUQDWHVRXUFHRIFRROLQJZDWHUWRWKHFRUHRUGU\\ZHOOVSUD\\7KH
FRQQHFWLRQLVVKRZQRQ6HFWLRQ'UDZLQJ1+
7KHWKUHHILUHSXPSVDQGWKHMRFNH\\SXPSDUHORFDWHGLQWKHLQWDNHVWUXFWXUHZLWKWKH
GLHVHOHQJLQHGULYHQILUHSXPSLQDVHSDUDWHURRP7KHILUHSXPSVWDNHVXFWLRQIURP
WKHVHUYLFHZDWHUVXFWLRQED\\DQGWKHMRFNH\\SXPSWDNHVVXFWLRQIURPWKHVHUYLFH
ZDWHUV\\VWHPKHDGHU7KHVFUHHQZDVKILUHSXPSFRQQHFWVWRWKHHOHFWULFILUHSXPS
GLVFKDUJHSLSLQJMXVWEHIRUHWKHEDVNHWVWUDLQHUWKURXJKDFKHFNYDOYH
%RWKWKHHOHFWULFDQGWKHGLHVHOILUHSXPSGLVFKDUJHOLQHVWLHLQWRWKHILUHOLQHORRS
7KHILUHOLQHORRSH[WHQGVWRWKHWXUELQHUHDFWRUDQGWKHDGPLQLVWUDWLRQEXLOGLQJVDQG
WRWKHFRROLQJWRZHUV7KHILUHPDLQDQGH[WHQVLRQVKDYHSRVWLQGLFDWRUYDOYHVIRU
LVRODWLRQRIDQ\\SRUWLRQRIWKHORRSRUWKHH[WHQVLRQV)LUHK\\GUDQWVDUHORFDWHGDW
HDFKFRROLQJWRZHU VHH6HFWLRQ'UDZLQJ1+ 7KHUHDFWRUDQGWXUELQH
EXLOGLQJILUHVXSSUHVVLRQV\\VWHPVDUHSURYLGHGZLWKDQDOWHUQDWHVXSSO\\OLQHLQFDVH
WKHQRUPDOVXSSO\\KHDGHUEUHDNV
$XWRPDWLFZHWSLSHVSULQNOHUDQGGHOXJHV\\VWHPVDUHSURYLGHGLQWKHWXUELQHEXLOGLQJ
WRSURWHFWWKHOXEHRLOV\\VWHPVLQFOXGLQJWKHIHHGZDWHUSXPSVWKHWXUELQHOXEHRLO
WDQNVSXPSVDQGFRQGLWLRQHUDUHDFOHDQDQGGLUW\\OXEHRLOVWRUDJHWDQNURRP
K\\GURJHQVHDORLOXQLWWKHZDUHKRXVHDUHDDQGWKURXJKRXWWKHFRQGHQVHUOHYHO
ZKLFKFRQWDLQVWKHWXUELQHOXEHRLOSLSLQJDQGVRPHIHHGZDWHUKHDWHUV'HOXJH
V\\VWHPVDUHSURYLGHGLQWKHUHDFWRUUHFLUFXODWLRQSXPSPRWRUJHQHUDWRUVHWURRPLQ
WKHUHDFWRUEXLOGLQJIRURLOILOOHGWUDQVIRUPHUVORFDWHGRXWVLGHWKHWXUELQHEXLOGLQJWKH
WXUELQHEXLOGLQJVLGLQJDGMDFHQWWRWKHVHWUDQVIRUPHUVDQGWKHFRROLQJWRZHUV
3UHDFWLRQVSULQNOHUV\\VWHPVDUHSURYLGHGLQWKHUDGZDVWHVKLSSLQJEXLOGLQJ1R
GLHVHOJHQHUDWRUHQFORVXUHWKHLQWDNHVWUXFWXUHWXUELQHDQGH[FLWHUEHDULQJVDQGWKH
GLHVHOJHQHUDWRUDQGGD\\WDQNURRPV7KHSUHDFWLRQVSULQNOHUV\\VWHPLQWKHGLHVHO
JHQHUDWRUDQGGD\\WDQNURRPVKDVDGHVLJQGHQVLW\\RIJSPVTIWRYHUWKHHQWLUH
GLHVHOJHQHUDWRUDUHD7KHVSULQNOHUDQGGHOXJHV\\VWHPVDUHGHVLJQHGDQG
0217,&(//283'$7('6$)(7<$1$/<6,65(3257
86$5
6(&7,21
3/$17$8;,/,$5<6<67(06
5HYLVLRQ
3DJHRI
PDLQWDLQHGLQFRPSOLDQFHZLWKWKHSURYLVLRQVRI1)3$DQG1)3$ZLWK
H[FHSWLRQVWDNHQZKHQMXVWLILHG)LUHSURWHFWLRQV\\VWHPVDUHQRWEDFNILWWRFKDQJHV
LQODWHU1)3$FRGHV
+RVHVWDWLRQVHTXLSSHGZLWKLQFKV\\QWKHWLFMDFNHWOLQHGKRVHDUHSURYLGHGLQ
YDULRXVILUHDUHDVRIWKHSODQW7KHQR))OHVDVVRFLDWHGZLWKWKHKRVHVWDWLRQVDUHWKH
DOOIRJW\\SHLQFRUSRUDWLQJDZLGHDQJOHWRQDUURZDQJOHIRJSDWWHUQDGMXVWPHQW
$+DORQILUHH[WLQJXLVKLQJV\\VWHPLVSURYLGHGLQWKHFDEOHVSUHDGLQJURRP7KH
+DORQV\\VWHPFRQVLVWVRIF\\OLQGHUVWRUDJHXQLWVSUHVVXUL]HGZLWK+DORQ+DORQ
LVGLVFKDUJHGLQWRWKHURRPWKURXJKZLGHDQJOHQR))OHV
3RUWDEOHILUHH[WLQJXLVKHUVDUHSURYLGHGLQWKHUHDFWRUEXLOGLQJWXUELQHEXLOGLQJDQG
DGPLQLVWUDWLRQEXLOGLQJ1)3$JXLGDQFHLVXVHGIRUH[WLQJXLVKHUSODFHPHQWDQG
VHOHFWLRQ
7KH+(3$FKDUFRDOILOWHUXQLWVLQWKHHPHUJHQF\\ILOWUDWLRQWUDLQ ()7 EXLOGLQJDUH
SURYLGHGZLWKDGHOXJHV\\VWHPZKLFKFDQEHFRQQHFWHGWRWKHILUHZDWHUOLQHORFDWHG
QHDUWKHXQLWE\\PHDQVRIDKRVH
)LUH'HWHFWLRQDQG6LJQDOLQJ6\\VWHPV
,RQL]DWLRQDQGPXOWLVHQVRU SKRWRHOHFWULFDQGWKHUPDO W\\SHILUHGHWHFWRUVDUH
SURYLGHGWKURXJKRXWWKHSODQW)LUHGHWHFWRUVRIWKHVHW\\SHVSURYLGHSURPSW
UHVSRQVHDQGKDYHDGHTXDWHVHQVLWLYLW\\WRWKHSURGXFWVRIFRPEXVWLRQIRUWKHW\\SHV
RIFRPEXVWLEOHVW\\SLFDOO\\IRXQGLQQXFOHDUSRZHUSODQWV7KHGHWHFWRUVLQHDFKILUH
DUHDLQLWLDWHDQDODUPORFDOO\\DQGLQWKHFRQWUROURRPXSRQGHWHFWLQJHLWKHU
FRPEXVWLRQRUIDLOXUHLQWKHGHWHFWRUV\\VWHP
%DWWHU\\RSHUDWHGLRQL]DWLRQW\\SHILUHGHWHFWRUVDUHSURYLGHGLQVLGHFORVHGFRQWURO
URRPFDELQHWVDQGLQWKHFHLOLQJDERYHRWKHUFDELQHWVQRWYLVLEOHIURPWKHJHQHUDO
DUHDRIWKHFRQWUROURRP7KHVHDOVRGHWHFWWKHDLUERUQHSURGXFWVRIFRPEXVWLRQ
DOZD\\VSUHVHQWEHIRUHDVLJQLILFDQWWHPSHUDWXUHULVHKDVRFFXUUHG7KH\\GRQRW
UHTXLUHWKHSUHVHQFHRIVPRNHRUIODPHIRULPPHGLDWHGHWHFWLRQ
7KHILUHGHWHFWLRQDQGVLJQDOLQJV\\VWHPDOVRLQFOXGHVKHDWDFWLYDWHGGHYLFHVWKDW
XWLOL]HWKHKHDWIURPDILUHWRRSHUDWHSQHXPDWLFV\\VWHPVWRHLWKHUVRXQGDODUPVRU
DXWRPDWLFDOO\\LQLWLDWHDGHOXJHRUVSULQNOHUV\\VWHP
(PHUJHQF\\&RPPXQLFDWLRQDQG/LJKWLQJ6\\VWHPV
7KHSODQWLVHTXLSSHGZLWKHPHUJHQF\\FRPPXQLFDWLRQDQGOLJKWLQJV\\VWHPVWKDWDUH
HIIHFWLYHDQGXVHIXOIRUILUHILJKWLQJRSHUDWLRQ VHH6HFWLRQVDQG
0217,&(//283'$7('6$)(7<$1$/<6,65(3257
86$5
6(&7,21
3/$17$8;,/,$5<6<67(06
5HYLVLRQ
3DJHRI
$GPLQLVWUDWLYH&RQWUROV
$GPLQLVWUDWLYHFRQWUROVDQGSURFHGXUHVDUHSURYLGHGZKLFKVDWLVI\\WKHUHTXLUHPHQWV
RI6HFWLRQV,,,+,DQG.RI$SSHQGL[5WR&)53DUW 5HIHUHQFH 7KH
DGPLQLVWUDWLYHFRQWUROVIRUILUHSURWHFWLRQFRQVLVWRIWKHILUHSURWHFWLRQRUJDQL]DWLRQ
ILUHEULJDGHWUDLQLQJWKHFRQWUROVRYHUFRPEXVWLEOHVDQGLJQLWLRQVRXUFHVDQGTXDOLW\\
DVVXUDQFHSURYLVLRQVIRUILUHSURWHFWLRQ
$GPLQLVWUDWLYHFRQWUROVIRUWKH)LUH3URWHFWLRQ3URJUDPDUHFRPSULVHGRIWKH
IROORZLQJNH\\GRFXPHQWVZKLFKDUHWKHUHIRUHSDUWRIWKH86$5E\\UHIHUHQFH
D
$GPLQLVWUDWLYH:RUN,QVWUXFWLRQ$:, ),5(3527(&7,21
352*5$03/$1 HVWDEOLVKHVWKHEDVLVIRUWKH)LUH3URWHFWLRQ3URJUDP,W
GRFXPHQWVWKHOLFHQVLQJEDFNJURXQGRIWKH01*3)LUH3URWHFWLRQ3URJUDP
)RUHDFK3URJUDP(OHPHQWLWLGHQWLILHVWKHDSSOLFDEOHSULQFLSDOUHJXODWRU\\
GRFXPHQWVPDMRU01*3FRPPLWPHQWV15&DSSURYDORIFRPPLWPHQWV
LPSOHPHQWLQJGRFXPHQWVDQGRUJDQL]DWLRQDOUHVSRQVLELOLWLHV)LUH3URWHFWLRQ
3URJUDPRUJDQL]DWLRQDODQGLPSOHPHQWLQJGRFXPHQWUHODWLRQVKLSFKDUWVDUH
DOVRSURYLGHG
E
)LUHLPSDLUPHQWVDQGVXUYHLOODQFHUHTXLUHPHQWVIRUILUHSURWHFWLRQV\\VWHPVDQG
HTXLSPHQWSHU7DEOH$DQG7DEOH$LQ2SHUDWLRQV0DQXDO%
F
)LUHEULJDGHUHTXLUHPHQWVSHU7DEOH$LQ2SV0DQXDO%
)LUH%DUULHUV
7KHSODQWLVFRPSULVHGRIQXPHURXVVHSDUDWHILUHDUHDVVRPHRIZKLFKPD\\FRQWDLQ
PXOWLSOHILUH]RQHV&)5$SSHQGL[5ILUHEDUULHUVDUHLQVWDOOHGEHWZHHQ
GLIIHUHQWILUHDUHDVWRVHSDUDWHUHGXQGDQWWUDLQVRIHTXLSPHQWUHTXLUHGWRDFKLHYH
DQGPDLQWDLQVDIHVKXWGRZQ
- KHQQHFHVVDU\\VWUXFWXUDOVWHHOIRUPLQJDSDUWRIRUVXSSRUWLQJVXFKEDUULHUVDUH
FRDWHGZLWKDTXDOLILHGILUHSURRILQJPDWHULDO
3HUIRUPDQFH$QDO\\VLV
*HQHUDO
7KHILUHVXSSUHVVLRQZDWHUV\\VWHPLVVXSSOLHGE\\WKUHHLGHQWLFDOYHUWLFDOFHQWULIXJDO
SXPSVUDWHGDWJSPDWSVLJHDFK7ZRRIWKHVHSXPSVDUHPRWRUGULYHQ
DQGRQHGLHVHOGULYHQ2QHRIWKHPRWRUGULYHQSXPSVQRUPDOO\\VXSSOLHVWKHQHHGV
RIWKHVFUHHQZDVKV\\VWHPDQGLVGHVLJQDWHGWKHVFUHHQZDVKILUHSXPS7UDQVIHU
IURPVFUHHQZDVKGXW\\WRILUHGXW\\RFFXUVDXWRPDWLFDOO\\7KHVFUHHQZDVKILUHSXPS
DQGPRWRULVHTXLYDOHQWLQHYHU\\UHVSHFWWRD8//LVWHGILUHSXPS$OOSXPSVDUH
VWDUWHGDXWRPDWLFDOO\\E\\LQVWUXPHQWDWLRQVHQVLQJKHDGHUSUHVVXUH$Q\\WZRILUH
SXPSVDUHFDSDEOHRIVXSSO\\LQJILUHILJKWLQJZDWHUUHTXLUHPHQWVLQDQ\\ILUHDUHDRI
WKHSODQW)LUH]RQHV$%DQGDVGHILQHGLQ5HIHUHQFHFRQWDLQSRZHU
VXSSO\\FDEOHVIRUERWKHOHFWULFILUHSXPSV$ILUHLQWKHVH]RQHVFRXOGGLVDEOHERWK
HOHFWULFILUHSXPSVDQGOHDYHRQO\\WKHGLHVHOILUHSXPSWRH[WLQJXLVKWKHILUH'XHWR
0217,&(//283'$7('6$)(7<$1$/<6,65(3257
86$5
6(&7,21
3/$17$8;,/,$5<6<67(06
5HYLVLRQ
3DJHRI
WKHORZFRPEXVWLEOHORDGLQJLQWKHVH]RQHVWKHGLHVHOILUHSXPSZRXOGEHDGHTXDWH
WRVXSSUHVVWKHILUH
,IDQ\\RIWKHDXWRPDWLFVXSSUHVVLRQV\\VWHPVLQFOXGHGLQ2SHUDWLRQV0DQXDO
%7DEOH$DUHLQRSHUDEOHFRPSHQVDWRU\\PHDVXUHVDUHLPSOHPHQWHGLQ
DFFRUGDQFHZLWK2SHUDWLRQV0DQXDO%
+RVHVWDWLRQVDQG\\DUGK\\GUDQWKRVHKRXVHVDUHSURYLGHGLQDOOVDIHW\\UHODWHGILUH
DUHDVRIWKHSODQWDQGVXUURXQGLQJDOOSULQFLSDOSODQWEXLOGLQJV7KHVHVWDWLRQVDUH
VXSSOLHGIURPWKHILUHVXSSUHVVLRQZDWHUV\\VWHP,IWKHZDWHUVXSSO\\WRWKHVHDUHDVLV
LQWHUUXSWHGDKRVHVXSSOLHGIURPDQRSHUDEOHVRXUFHLVSURYLGHGWRSURWHFWWKH
DIIHFWHGILUHDUHDKDYLQJWKHLQRSHUDEOHVWDWLRQ
)LUHGHWHFWLRQLQVWUXPHQWDWLRQLVLQVWDOOHGWKURXJKRXWWKHSODQWWRSURWHFWVDIHW\\
UHODWHGVWUXFWXUHVV\\VWHPVDQGFRPSRQHQWV7KHGHWHFWRUVLQHDFKILUH]RQH
LQLWLDWHDORFDODODUPDQGDQDODUPLQWKHFRQWUROURRP$OOFLUFXLWVDUHVXSHUYLVHG
,QVWDOODWLRQPHHWVWKHDSSOLFDEOHFLUFXLWU\\WHFKQLFDOUHTXLUHPHQWVRI1)3$'
5HIHUHQFH DQG1)3$ 5HIHUHQFH 2SHUDWLRQV0DQXDO%
7DEOH$UHTXLUHVDPLQLPXPQXPEHURIGHWHFWRUVWREHRSHUDEOHLQHDFKILUH
]RQH,IPRUHGHWHFWRUVDUHLQRSHUDEOHDILUHZDWFKSDWUROLVHVWDEOLVKHGLQWKH
DIIHFWHGILUH]RQHXQWLOWKHUHTXLUHGQXPEHURIGHWHFWRUVDUHUHVWRUHGWRRSHUDEOH
VWDWXV7KHORVVRIRQHGHWHFWRUZLOOQRWVLJQLILFDQWO\\GHJUDGHWKHDELOLW\\WRGHWHFWILUHV
LQ]RQHVRIWKHSODQWKDYLQJPXOWLSOHGHWHFWRUV
3LSLQJDQGHOHFWULFDOSHQHWUDWLRQVDUHSURYLGHGZLWKVHDOVZKHUHUHTXLUHGE\\WKH
FRPEXVWLEOHORDGLQJ,IDVHDOLVPDGHRUIRXQGWREHLQRSHUDEOHIRUDQ\\UHDVRQWKH
SHQHWUDWLRQDUHDLVFRQWLQXRXVO\\DWWHQGHGXQWLODQHIIHFWLYHILUHVHDOLVUHVWRUHGRUWKH
RSHUDELOLW\\RIWKHILUHGHWHFWRUVRQDWOHDVWRQHVLGHRIWKHLQRSHUDEOHVHDOLVYHULILHG
DQGDQKRXUO\\ILUHZDWFKSDWUROLVHVWDEOLVKHG6HDOVZHUHTXDOLILHGIRUWKHPD[LPXP
ILUHVHYHULW\\SUHVHQWRQHLWKHUVLGHRIWKHEDUULHU
6PRNH5HPRYDO
7KHWXUELQHEXLOGLQJLVHTXLSSHGZLWKWXUELQHIORRUIDQVZKLFKGLVFKDUJHWRWKHPDLQ
H[KDXVWSOHQXPIRUVPRNHUHPRYDO7KHIDQVDQGGDPSHUVDUHDFWXDWHGE\\KLJK
WHPSHUDWXUHVHQVRUVSURYLGHGWKDWWKHPDLQH[KDXVWSOHQXPGLIIHUHQWLDOSOHQXP
LQWHUORFNLVVDWLVILHG1RRWKHUVPRNHUHPRYDOPRGHRIYHQWLODWLRQLVSURYLGHGIRUWKH
RWKHUSODQWEXLOGLQJV,QWKHEXLOGLQJVZLWKRXWDVPRNHH[KDXVWLQJPRGHWKHQRUPDO
YHQWLODWLRQV\\VWHPVFRXOGEHXVHGIRUVPRNHUHPRYDOIRUVRPHW\\SHVRIILUHV
DOWKRXJKQRWVSHFLILFDOO\\GHVLJQHGIRUWKLVSXUSRVH7KHIDQVDQGRWKHUHTXLSPHQWLQ
WKHQRUPDODLUKDQGOLQJV\\VWHPVDUHQRWGHVLJQHGWRZLWKVWDQGKLJKWHPSHUDWXUHV
DQGFRXOGEHLQFDSDFLWDWHGE\\WKHKHDWIURPDVLJQLILFDQWILUH+RZHYHULQSODQWILUH
DUHDVRWKHUWKDQWKHWXUELQHEXLOGLQJWKHILUHORDGLQJLVQRWKLJKDQGWKHLQVWDOOHGDQG
SURSRVHGILUHSURWHFWLRQIHDWXUHVZLOOOLPLWWKHDPRXQWRIVPRNHDQGKRWJDVHV
JHQHUDWHG:KHQQRUPDODLUKDQGOLQJFDQQRWEHXVHGIRUVPRNHUHPRYDOWKHSODQW
SHUVRQQHOZLOOXVHWKHSRUWDEOHDQGVHPLSRUWDEOHIDQVDYDLODEOHDWWKHSODQW
0217,&(//283'$7('6$)(7<$1$/<6,65(3257
86$5
6(&7,21
3/$17$8;,/,$5<6<67(06
5HYLVLRQ
3DJHRI
(IIHFWVRI:DWHU6SUD\\
([LVWLQJZDWHUVXSSUHVVLRQV\\VWHPVDUHQRWORFDWHGLQILUHDUHDVZLWKHTXLSPHQWWKDW
ZRXOGEHKLJKO\\VHQVLWLYHWRWKHHIIHFWVRIZDWHULPSLQJHPHQW7KHZDWHUVSUD\\
V\\VWHPVSURWHFWLQJWKHRXWVLGHWUDQVIRUPHUVDUHPDQXDOO\\LQLWLDWHG7UDQVIRUPHUV
DUHSURYLGHGZLWKOLQHDUKHDWGHWHFWRUV PDLQ5 5 RUKHDWDFWLYDWHGGHYLFHV
WXUELQHEXLOGLQJVLGLQJ ZKLFKLQLWLDWHDQDODUPLQWKHFRQWUROURRPHQDEOLQJ
RSHUDWLRQVWRGHWHUPLQHWKHQHHGWRDFWLYDWHWKHORFDOGHOXJHV\\VWHP:DWHUVSUD\\
V\\VWHPVGRQRWKDYHDGHWULPHQWDOHIIHFWRQWKHVHXQLWVDVWKLVW\\SHRIHTXLSPHQWLV
GHVLJQHGIRURXWVLGHHQYLURQPHQWV7KHVXSSUHVVLRQV\\VWHPVSURWHFWLQJWKHVHDORLO
DUHDVLQWKHWXUELQHEXLOGLQJZLOOQRWGLVFKDUJHLQWKHDUHDRIVDIHW\\UHODWHGHTXLSPHQW
VXFKDVVZLWFKJHDUZKLFKLVVHQVLWLYHWRZDWHU3XPSVDQGHTXLSPHQWDUHPRXQWHG
RQSHGHVWDOVZKLFKZLOOSUHYHQWWKHZDWHUDFFXPXODWLRQVRQWKHIORRUVIURPDIIHFWLQJ
WKHP7KHGHOXJHV\\VWHPVLQWKHUHDFWRUUHFLUFXODWLRQSXPSPRWRUJHQHUDWRUVHW
URRPXWLOL]HGLUHFWHGVSUD\\QR))OHVDOLJQHGLQVXFKDZD\\WKDWWKHZDWHUVHQVLWLYH
SRUWLRQVRIWKHHTXLSPHQWDUHQRWZHWWHG7KHVSULQNOHUV\\VWHPVSURWHFWLQJWKH
ZDUHKRXVHDUHDDQGFRROLQJWRZHUVZLOOKDYHQRHIIHFWRQVDIHW\\UHODWHGHTXLSPHQW
EHFDXVHRIGLVWDQFH7KHVDIHVKXWGRZQHTXLSPHQWLQWKHLQWDNHVWUXFWXUHLV
SURWHFWHGE\\ZDWHUGHIOHFWLRQVKURXGV
,QVSHFWLRQDQG7HVWLQJ
(TXLSPHQWDQGV\\VWHPVDUHLQVSHFWHGDQGWHVWHGXSRQLQVWDOODWLRQLQFRPSOLDQFH
ZLWKUHTXLUHPHQWVRIWKHDXWKRULWLHVDQGILUHXQGHUZULWHUVKDYLQJMXULVGLFWLRQDQGLQ
JHQHUDOFRQIRUPDQFHZLWKWKHJXLGHOLQHVRI1)3$VWDQGDUGV7KHDSSOLFDEOHILUH
SURWHFWLRQV\\VWHPVXUYHLOODQFHUHTXLUHPHQWVDUHGLVFXVVHGLQ2SV0DQXDO
%7DEOH$
0217,&(//283'$7('6$)(7<$1$/<6,65(3257
86$5
6(&7,21
3/$17$8;,/,$5<6<67(06
5HYLVLRQ
3DJHRI
6DIH6KXWGRZQ$QDO\\VLV
*HQHUDO
7RFRPSO\\ZLWK&)5$SSHQGL[56HFWLRQ*DVDIHVKXWGRZQDQDO\\VLV 66'$
ZDVSHUIRUPHG 5HIHUHQFH 7ZRWUDLQVRIVDIHVKXWGRZQV\\VWHPVZHUHLGHQWLILHG
WRDFKLHYHVDIHVKXWGRZQLQDILUHHYHQW )LJXUH %DVHGRQWKHILUHDUHDV
HVWDEOLVKHG 5HIHUHQFHVDQG DQDQDO\\VLVZDVFRQGXFWHGWRHVWDEOLVKWKDWRQH
WUDLQRIVDIHVKXWGRZQV\\VWHPVZRXOGEHIUHHRIILUHGDPDJHIRUDQ\\ILUHHYHQW7KH
DQDO\\VLVUHYHDOHGIRXUILUHDUHDVWKDWFRQWDLQFRPSRQHQWVIURPERWKWUDLQVRIVDIH
VKXWGRZQV\\VWHPV%HORZLVDOLVWRIWKHILUHDUHDVDQGDFWLRQVQHHGHG$OORWKHUILUH
DUHDVFRQWDLQFRPSRQHQWVIRURQHWUDLQRIVKXWGRZQHTXLSPHQWRQO\\
)LUH$UHD
'HVFULSWLRQ
5HVROXWLRQ
,9
6XSSUHVVLRQ3RRO$UHD
15&([HPSWLRQDSSURYHGEDVHG
RQDGHTXDWHVHSDUDWLRQDQGORZ
ILUHORDGLQJ 5HIHUHQFH
9,,,
&DEOH6SUHDGLQJ5RRP
$OWHUQDWH6KXWGRZQ6\\VWHP
LQVWDOOHGDQGDSSURYHG15&
H[HPSWLRQIRUODFNRIILUHSURRILQJ
RIVWUXFWXUDOVWHHOVXSSRUWLQJWKH
IORRU 5HIHUHQFH
9,,,
&RQWURO5RRP
$OWHUQDWH6KXWGRZQ6\\VWHP
LQVWDOOHGDQGDSSURYHG15&
H[HPSWLRQIURPVXSSUHVVLRQ
V\\VWHPLQWKH&RQWURO5RRP
5HIHUHQFH
,;
,QWDNH6WUXFWXUH
15&([HPSWLRQDSSURYHGEDVHG
RQDKRUL]RQWDOVHSDUDWLRQJUHDWHU
WKDQIHHWZLWKRXWLQWHUYHQLQJ
FRPEXVWLEOHV 5HIHUHQFH DQG
7KHPLQLPXPVDIHVKXWGRZQV\\VWHPFRQVLVWVRIRQHRIWKHWZRWUDLQVRI6DIHW\\5HOLHI
9DOYHV 659V FRUHVSUD\\WRUXVFRROLQJPRGHRIWKH5HVLGXDO+HDW5HPRYDO
6\\VWHP 5+5 DQGHPHUJHQF\\GLHVHOJHQHUDWRUV7KHPLQLPXPV\\VWHPVSURYLGH
IRUDPHDQVWRGHSUHVVXUL]H 659V PDNHXSFRRODQWLQYHQWRU\\ FRUHVSUD\\ FRRO
WKHWRUXV 5+5 DQGVXSSO\\SRZHU ('* &ROGVKXWGRZQLVDFKLHYHGZLWKDOWHUQDWH
VKXWGRZQFRROLQJE\\XVLQJFRUHVSUD\\WRSXPSZDWHUIURPWKHWRUXVWRWKHUHDFWRU
YHVVHO:DWHULVWKHQGLVFKDUJHGWKURXJKDQ659ZKLOH5+5SXPSVDQGKHDW
H[FKDQJHUVDUHXVHGIRUFRROLQJWKHWRUXVZDWHU
,QWKHHYHQWRIDILUHRIUHDVRQDEOHVL]HWKHUHZRXOGQRUPDOO\\EHDGGLWLRQDO
HTXLSPHQWDYDLODEOHEH\\RQGWKHPLQLPXPHTXLSPHQWQHHGHGWRDFKLHYHDVDIH
VKXWGRZQFRQGLWLRQ%HFDXVHRIWKLVYHVVHOGHSUHVVXUL]DWLRQDQGIORRGXSZRXOG
PRVWOLNHO\\EHXQQHFHVVDU\\
0217,&(//283'$7('6$)(7<$1$/<6,65(3257
86$5
6(&7,21
3/$17$8;,/,$5<6<67(06
5HYLVLRQ
3DJHRI
7ZRDUHDVRIWKHSODQWWKH&RQWURO5RRPDQG&DEOH6SUHDGLQJ5RRPFRQWDLQPDQ\\
FDEOHVIURPERWKWUDLQVRIVDIHVKXWGRZQHTXLSPHQW$QDOWHUQDWHVKXWGRZQV\\VWHP
ZDVLQVWDOOHGGXULQJWKH UHIXHOLQJRXWDJHWRSURYLGHWKHUHTXLUHGSURWHFWLRQIRUD
ILUHLQHLWKHURIWKHVHDUHDV7KHDOWHUQDWHVKXWGRZQV\\VWHPSURYLGHVFRQWURORIWKH
PLQLPXPQHFHVVDU\\'LYLVLRQ,,V\\VWHPVRQFHWKHWUDQVIHUVZLWFKHVDUHDFWLYDWHGWR
DFKLHYHVDIHVKXWGRZQ
$VVRFLDWHG&LUFXLWV
6DIHW\\UHODWHGDQGQRQVDIHW\\UHODWHGFDEOHVWKDWDUHDVVRFLDWHGZLWKWKHHTXLSPHQW
DQGFDEOHVRIWKHVHOHFWHGVKXWGRZQV\\VWHPVDUHWKRVHWKDWKDYHDSK\\VLFDO
VHSDUDWLRQIURPWKHILUHDUHDOHVVWKDQWKDWUHTXLUHGE\\6HFWLRQ,,,*RI$SSHQGL[5
WR&)5DQG DFRPPRQSRZHUVRXUFHZLWKWKHVDIHVKXWGRZQHTXLSPHQWDQG
WKHSRZHUVRXUFHLVQRWHOHFWULFDOO\\SURWHFWHGIURPWKHVKXWGRZQFLUFXLWE\\
FRRUGLQDWHGFLUFXLWEUHDNHUVIXVHVRUVLPLODUGHYLFHVRU DFRQQHFWLRQWRFLUFXLWV
RIHTXLSPHQWZKRVHVSXULRXVRSHUDWLRQZLOODGYHUVHO\\DIIHFWWKHVKXWGRZQFDSDELOLW\\
RU DFRPPRQHQFORVXUH HJUDFHZD\\SDQHOMXQFWLRQER[ ZLWKVKXWGRZQFDEOHV
DQGQRWHOHFWULFDOO\\SURWHFWHGIURPWKHVKXWGRZQFLUFXLWVRIFRQFHUQE\\FLUFXLW
EUHDNHUVIXVHVRUVLPLODUGHYLFHVRUZLOODOORZSURSDJDWLRQRIWKHILUHLQWRWKH
FRPPRQHQFORVXUH
$QRQJRLQJIXVHDQGFLUFXLWEUHDNHUFRRUGLQDWLRQVWXG\\LVXVHGWRVKRZWKDW
DVVRFLDWHGFLUFXLWW\\SHVDQGGRQRWH[LVWDWWKH0RQWLFHOOR3ODQW7KHVWXG\\
LQFOXGHVDOOSURWHFWLYHGHYLFHVWKURXJKRXWWKHSODQWDX[LOLDU\\SRZHUGLVWULEXWLRQ
V\\VWHPWKDWVHUYHLGHQWLILHGVDIHVKXWGRZQHTXLSPHQW7KLVVWXG\\WRJHWKHUZLWK
UHYLHZRIH[LVWLQJGRFXPHQWDWLRQRQWKH.9VZLWFKJHDUDQGWKH9ORDG
FHQWHUVGHPRQVWUDWHWKDWKRWVKRUWVRSHQFLUFXLWVRUVKRUWVWRJURXQGZLOOQRW
DGYHUVHO\\DIIHFWQRUSUHYHQWRSHUDWLRQRIWKHVHOHFWHGVKXWGRZQHTXLSPHQW
$VVRFLDWHGFLUFXLWW\\SHDVGHILQHGDERYHKDVEHHQDGGUHVVHGLQWKH³)LUH
3URWHFWLRQDQG6DIH6KXWGRZQ6\\VWHPV$QDO\\VLV5HSRUW' 5HIHUHQFH 7KUHH
OLQHVKDYHEHHQLGHQWLILHGWKDWFRQWDLQPRWRURSHUDWHGYDOYHVZKLFKLIVSXULRXVO\\
RSHUDWHGFRXOGGUDLQUHDFWRUFRRODQW7RDGGUHVVWKLVFRQFHUQPRWRURSHUDWHG
YDOYHV02 5+56KXWGRZQ&RROLQJ6XFWLRQ,QERDUG,VRODWLRQ 02
5+5'LVFKDUJHWR:DVWH6XUJH7DQN,QERDUG,VRODWLRQ DQG02 5:&8
'LVFKDUJH2ULILFH%\\SDVV DUHFORVHGDQGWKHLUFRQWURODQGSRZHUFLUFXLWV
GHHQHUJL]HGGXULQJUHDFWRUSRZHURSHUDWLRQ
7KHUPDO+\\GUDXOLF$QDO\\VLVSHUIRUPHGLQLGHQWLILHGWKH'LYLVLRQ,DQG,,'U\\ZHOO
6SUD\\YDOYHVDVDVSXULRXVUHSRVLWLRQLQJFRQFHUQDVVSUD\\LQJWKH'U\\ZHOOFRXOGKDYH
DQDGYHUVHLPSDFWRQ136+IRUWKH(&&6SXPSVZKLFKFUHGLW&RQWDLQPHQW
$FFLGHQW3UHVVXUH7KHIORZSDWKDOVRUHSUHVHQWVDIORZGLYHUVLRQIURPWRUXVFRROLQJ
ZKLFKFRXOGUHVXOWLQUXQRXWRIWKH5+5SXPSV6KRUWLQJ6ZLWFKHVZHUHLQVWDOOHGRQ
02DQG02WRSUHYHQWWKHYDOYHVIURPVSXULRXVO\\RSHUDWLQJ5HIHUHQFH
86$5-IRUDGGLWLRQDOLQIRUPDWLRQ
0217,&(//283'$7('6$)(7<$1$/<6,65(3257
86$5
6(&7,21
3/$17$8;,/,$5<6<67(06
5HYLVLRQ
3DJH RI
)LUH%DUULHUV
)LUHEDUULHUXSJUDGHVKDYHEHHQPDGHLQDFFRUGDQFHZLWK&)5$SSHQGL[5
6HFWLRQ,,,*DQGLQUHVSRQVHWR³)LUH3URWHFWLRQDQG6DIH6KXWGRZQ6\\VWHPV
$QDO\\VLV5HSRUW' 5HIHUHQFH 7KLVUHSRUWGHILQHVWKHILUHDUHDERXQGDULHV
WKURXJKRXWWKHSODQWDQGGHVFULEHVWKHXSJUDGHVPDGHWRPDLQWDLQVHSDUDWLRQ
- KHUHUHTXLUHGQHZILUHZDOOVZHUHFRQVWUXFWHGWRDQDSSURYHGGHVLJQWRJLYHD
KRXUILUHUHVLVWLYHUDWLQJ$OOUHSODFHPHQWDQGQHZGRRUVLQILUHEDUULHUVVKDOOEH
FHUWLILHGWR8/RUHTXLYDOHQWVWDQGDUG V DQGWRDVSHFLILHGGXUDWLRQUDWLQJ HJ
KRXUUDWLQJ 1HZILUHGDPSHUVLQVWDOOHGLQGXFWVSHQHWUDWLQJILUHEDUULHUVDUH8/
OLVWHGRUHTXLYDOHQWKRXUUDWHGWKHUPDOO\\DFWXDWHGGDPSHUV$OORWKHUILUHEDUULHU
SHQHWUDWLRQV LHSLSHFDEOHWUD\\EXVGXFWVHWF DUHVHDOHGZLWKDTXDOLILHGVHDODQW
PDWHULDOLQDFFRUGDQFHZLWKDQDSSURYHGSHQHWUDWLRQVHDOGHVLJQ
([LVWLQJILUHDUHDERXQGDULHVWKDWKDYHDILUHUDWLQJRIRUPRUHRIWKHORDGLQJRQ
HLWKHUVLGHRIWKHERXQGDU\\ZHUHMXGJHGDFFHSWDEOH7KHUHIRUHDOOILUHDUHD
ERXQGDULHVDUHQRWQHFHVVDULO\\KRXUUDWHGLIWKH\\H[LVWHGSULRUWRWKHLVVXDQFHRI
$SSHQGL[5DQGPHHWWKHDERYHFULWHULRQ
$OWHUQDWH6KXWGRZQ6\\VWHP $6'6
7KHDOWHUQDWHVDIHVKXWGRZQV\\VWHPLVUHTXLUHGIRUD&)5$SSHQGL[5HYHQWLQ
WKHFRQWUROURRPDQGRUFDEOHVSUHDGLQJURRP7KHV\\VWHPXWLOL]HVH[LVWLQJ'LYLVLRQ
,,V\\VWHPVDQGHTXLSPHQWDQGDUHPRWH$6'6FRQWUROSDQHO7KH$6'6FRQWURO
SDQHOLVORFDWHGRQWKHWKLUGIORRURIWKHHPHUJHQF\\ILOWUDWLRQWUDLQ ()7 EXLOGLQJ
DGMDFHQWWRWKHWXUELQHEXLOGLQJDQGWKHFRQWUROURRP7KLV$6'6SDQHOLVVDIHW\\
JUDGH &ODVV( DQGSURYLGHVWKHFRQWUROV$&FLUFXLWU\\DQGLQVWUXPHQWUHDGRXWVIRU
WKHRSHUDWRUWRVDIHO\\VKXWGRZQWKHSODQWDWDFHQWUDOL]HGORFDWLRQDVVXPLQJDILUHLQ
WKHFRQWUROURRPRUWKHFDEOHVSUHDGLQJURRP7KHGHVLJQRIWKH$6'6SDQHO
LQFOXGHVDPDVWHUWUDQVIHUVZLWFKZKLFKZKHQDFWLYDWHGHQDEOHV$6'6RSHUDWLRQ
LQLWLDWHVDQDQQXQFLDWRULQWKHFRQWUROURRPDQGLQLWLDWHVDQLQGLFDWLRQOLJKWDQG
DFWLYDWHVRWKHUWUDQVIHUVZLWFKHVDWWKH$6'6FRQWUROSDQHO,WDOVRLQFOXGHVDQ06,9
LVRODWLRQVZLWFKDQGIRXUV\\VWHPWUDQVIHUVZLWFKHVZKLFKZKHQDFWLYDWHGZLOOHQVXUH
FORVXUHRI06,9VDQGHQDEOHWKHPDQXDOFRQWURODQGRSHUDWLRQRIWKHIRXU
VDIHW\\UHOLHIYDOYHVFRUHVSUD\\V\\VWHP5+5V\\VWHPDQGRWKHUDX[LOLDU\\V\\VWHPV
IURPWKH$6'6FRQWUROSDQHOLQGHSHQGHQWRIWKHFRQWURODQGFDEOHVSUHDGLQJURRPV
7KHLQVWUXPHQWDWLRQSURYLGHGDWWKH$6'6SDQHOLVDOVRLQGHSHQGHQWRIWKHFRQWURO
DQGFDEOHVSUHDGLQJURRPV$ILUHDWWKH$6'6FRQWUROSDQHOZLOOUHVXOWLQORVVRI
FRQWUROIRURQO\\WKHHTXLSPHQWFRQWUROOHGIURPWKHSDQHO2QHWUDLQRIV\\VWHPV
QHHGHGIRUVDIHVKXWGRZQZLOOEHDYDLODEOHDQGFRQWUROODEOHIURPWKHPDLQFRQWURO
URRP
)RUSRVWILUHVKXWGRZQWKHSHUIRUPDQFHJRDOVRIWKHDOWHUQDWLYHVDIHVKXWGRZQ
FDSDELOLW\\ZLOOEHPHWXWLOL]LQJWKHUHDFWRUSUHVVXUHUHOLHIV\\VWHPWKHFRUHVSUD\\
V\\VWHPDQGWKH5+56\\VWHP5HDFWLYLW\\FRQWUROZLOOEHSURYLGHGE\\DPDQXDOVFUDP
RIWKHFRQWUROURGVIURPWKHFRQWUROURRP$PLQLPXPRIWZRVDIHW\\UHOLHIYDOYHVZLOO
EHPDQXDOO\\FRQWUROOHGDWWKH$6'6SDQHOWRUHGXFHUHDFWRUFRRODQWV\\VWHP
SUHVVXUH$IWHUGHSUHVVXUL]DWLRQWKH&RUH6SUD\\6\\VWHPZLOOSURYLGHUHDFWRU
LQYHQWRU\\PDNHXS7KH&RUH6SUD\\6\\VWHPZLOOEHXVHGWRHVWDEOLVKDFRROLQJSDWK
E\\DOORZLQJWKHUHDFWRUYHVVHOZDWHUOHYHOWRULVHXQWLOZDWHUIORZVWKURXJKWKH
VDIHW\\UHOLHIYDOYHOLQHVLQWRWKHVXSSUHVVLRQSRRO'HFD\\KHDWUHPRYDOLVSURYLGHGE\\
PDQXDORSHUDWLRQRIWKH5+5V\\VWHPLQWKHVXSSUHVVLRQSRROFRROLQJPRGH7KH
0217,&(//283'$7('6$)(7<$1$/<6,65(3257
86$5
6(&7,21
3/$17$8;,/,$5<6<67(06
5HYLVLRQ
3DJHRI
VXSSUHVVLRQSRROLVFDSDEOHRISURYLGLQJVXIILFLHQWFRROLQJXQWLOWKH5+56\\VWHPLV
LQLWLDWHG'LUHFWLQGLFDWLRQRISURFHVVYDULDEOHVLQFOXGLQJUHDFWRUFRRODQWOHYHO
UHDFWRUFRRODQWSUHVVXUHVXSSUHVVLRQSRROWHPSHUDWXUHDQGVXSSUHVVLRQSRROOHYHO
LVSURYLGHGDWWKH$6'6FRQWUROSDQHO'LDJQRVWLFPRQLWRULQJDWWKH$6'6SDQHO
LQFOXGHV$&'&SRZHUVXSSO\\DYDLODELOLW\\SXPSEUHDNHUSRVLWLRQVYDOYHSRVLWLRQV
IORZLQGLFDWLRQVDQGGLHVHOIXHORLOGD\\WDQNOHYHO7KH'LYLVLRQ,,VXSSRUWV\\VWHPV
DYDLODEOHLQFOXGHWKH1R(PHUJHQF\\'LHVHO*HQHUDWRUDQGWKH(VVHQWLDO
(OHFWULFDO'LVWULEXWLRQ6\\VWHP5+56HUYLFH:DWHU6\\VWHP(PHUJHQF\\6HUYLFH
- DWHU6\\VWHP(&&6URRPFRROHU5+5$X[LOLDU\\$LU6\\VWHPFRPPXQLFDWLRQ
OLJKWLQJDQGYHQWLODWLRQIRUWKH$6'6URRP
$QDVVRFLDWHGFLUFXLWVUHYLHZZDVSHUIRUPHGIRUWKHFRQWUROURRPDQGFDEOH
VSUHDGLQJURRP:KHUHFRQFHUQVZHUHLGHQWLILHGPHWKRGVFRQVLVWHQWZLWKWKH
JXLGHOLQHVFRQWDLQHGLQ*HQHULF/HWWHU 5HIHUHQFH ZHUHXVHGWRSURWHFWWKH
VDIHVKXWGRZQFDSDELOLW\\IURPILUHLQGXFHGIDLOXUHVRIWKHVHFLUFXLWV
,QIRUPDWLRQLQVXSSRUWRIWKH$6'6GHVLJQZDVVXEPLWWHGWRWKH15&IRUUHYLHZDQG
DSSURYDOLQ5HIHUHQFHV DQG5HIHUHQFHFRQWDLQHGWKH15&6WDII¶V
6DIHW\\(YDOXDWLRQZKLFKFRQFOXGHGWKDW³WKH0RQWLFHOOR1XFOHDU*HQHUDWLQJ3ODQW
GHVLJQSURYLGHVRQHWUDLQRIV\\VWHPVQHFHVVDU\\WRDFKLHYHDQGPDLQWDLQVDIH
VKXWGRZQFRQGLWLRQVE\\XWLOL]LQJHLWKHUWKHFRQWUROURRPRUWKH$OWHUQDWH6KXWGRZQ
6\\VWHPFRQWUROSDQHODQGWKXVPHHWVWKHUHTXLUHPHQWVRI$SSHQGL[5WR&)5
,WHPV,,,*DQG,,,/ZLWKUHVSHFWWRDOWHUQDWH6DIH6KXWGRZQLQWKHHYHQWRIDILUH'
10.3.2 3ODQW+HDWLQJ9HQWLODWLQJDQG$LU&RQGLWLRQLQJ6\\VWHPV
'HVLJQ%DVLV
7KHGHVLJQREMHFWLYHVRIWKHSODQWKHDWLQJYHQWLODWLQJDQGDLUFRQGLWLRQLQJV\\VWHPV
DUH
D
7RSURYLGHDSSURSULDWHDPELHQWWHPSHUDWXUHDQGKXPLGLW\\HQYLURQPHQWDO
FRQGLWLRQVIRUSODQWRSHUDWLQJSHUVRQQHODQGHTXLSPHQW
E
7RSURYLGHPHDQVIRUSXUJLQJWKHSULPDU\\FRQWDLQPHQW
F
7RSURYLGHVXIILFLHQWIUHVKDLUIRUSHUVRQQHODQGWRSURYLGHYROXPHUHPRYDORI
HTXLSPHQWRGRUVDQGIXPHV
'HVFULSWLRQ
*HQHUDO
7KHSODQWKHDWLQJYHQWLODWLQJDQGDLUFRQGLWLRQLQJV\\VWHPVSURYLGHLQGLYLGXDODLU
VXSSOLHVWRPDLQDUHDVRIWKHSODQW1RUPDODLUIORZLVURXWHGIURPDUHDVRIOHVVHUWR
DUHDVRISURJUHVVLYHO\\JUHDWHUFRQWDPLQDWLRQSRWHQWLDOSULRUWRILQDOH[KDXVW
7KHJHQHUDOYHQWLODWLRQDLUH[KDXVWIURPDUHDVWKDWKDYHWKHSRWHQWLDOWRFRQWDLQ
UDGLRDFWLYHDLUERUQHDFWLYLW\\DUHPRQLWRUHGDQGUHOHDVHGDERYHUHDFWRUEXLOGLQJURRI
OHYHOLQVXFKDPDQQHUDVWRPLQLPL]HWKHSRVVLELOLW\\RIWKHVDPHDLUEHLQJGUDZQLQWR
DIUHVKDLULQWDNH
0217,&(//283'$7('6$)(7<$1$/<6,65(3257
86$5
6(&7,21
3/$17$8;,/,$5<6<67(06
5HYLVLRQ
3DJHRI
5HDFWRU%XLOGLQJ
5HIHUWR6HFWLRQ
6WDQGE\\*DV7UHDWPHQW6\\VWHP
5HIHUWR6HFWLRQ
7XUELQH%XLOGLQJ
7KHWXUELQHEXLOGLQJYHQWLODWLQJV\\VWHPLVGHVLJQHGWRSURYLGHILOWHUHGDQGKHDWHGDLU
DWDQDSSUR[LPDWHUDWHRIRQHFKDQJHSHUKRXU,WLVYHQWLODWHGE\\VXSSO\\DQGH[KDXVW
IDQVWKURXJKGLVWULEXWLRQGXFWZRUN7KHVXSSO\\V\\VWHPLVHTXLSSHGZLWKILOWHUVIRU
FOHDQOLQHVV&OHDQVXSSO\\DLULVGLUHFWHGWRWKRVHDUHDVZLWKWKHORZHVW
FRQWDPLQDWLRQUDWLQJDQGH[KDXVWHGIURPWKRVHDUHDVZLWKKLJKHUFRQWDPLQDWLRQ
UDWLQJVVRDVWRHQVXUHPRYHPHQWRIDLUIURPFOHDQDUHDVWRDUHDVZLWKSURJUHVVLYHO\\
JUHDWHUFRQWDPLQDWLRQSRWHQWLDO([KDXVWDLUIURPWKHPDLQFRQGHQVHUDUHDLV
GLVFKDUJHGWKURXJKWKH0DLQ([KDXVW3OHQXP5RRPDQG5HDFWRU%XLOGLQJ6WDFN
7KHWXUELQHEXLOGLQJDLUIORZLVLOOXVWUDWHGLQ6HFWLRQ'UDZLQJ1+
'XHWRFRQFHUQVRYHUWKHRSHUDELOLW\\RI6DIHW\\5HODWHGHTXLSPHQWORFDWHGLQDUHDVRI
WKHWXUELQHEXLOGLQJVHUYHGE\\1RQ6DIHW\\5HODWHGYHQWLODWLRQV\\VWHPVVSHFLDO
WHVWLQJZDVSHUIRUPHGWRFRQILUPWKDWFRPSHQVDWRU\\PHDVXUHVZHUHHIIHFWLYHLQ
FRQWUROOLQJWHPSHUDWXUHVLQWKHHYHQWWKDWWKHYHQWLODWLRQV\\VWHPIDLOHG
5HIHUHQFH
5DGZDVWH%XLOGLQJ
7KHUDGZDVWHEXLOGLQJKHDWLQJDQGYHQWLODWLQJV\\VWHPLVGHVLJQHGWRSURYLGH
FRQGLWLRQHGDLUDWDQDSSUR[LPDWHUDWHRIRQHFKDQJHSHUKRXU7KLVVXSSO\\DLUPD\\
EHILOWHUHGRUXQILOWHUHGGHSHQGLQJRQVHDVRQDOFRQGLWLRQV,WKDVDVXSSO\\DQG
H[KDXVWYHQWLODWLQJV\\VWHP$LULVUHPRYHGDQGFRQWUROOHGVRDVWRLQVXUHPRYHPHQW
RIDLUIURPWKHFOHDQDUHDVWRDUHDVZLWKSURJUHVVLYHO\\JUHDWHUFRQWDPLQDWLRQ
SRWHQWLDO$OOH[KDXVWDLULVWUHDWHGDVSRWHQWLDOO\\FRQWDPLQDWHGDQGLVILOWHUHG
3URYLVLRQLVPDGHWRVDPSOHWKHH[KDXVWDLUSULRUWRGLVFKDUJHLQWRWKH5HDFWRU
%XLOGLQJ6WDFN)ORZRIDLULQWKHUDGZDVWHEXLOGLQJLVVKRZQRQ6HFWLRQ'UDZLQJ
1+
3ULPDU\\&RQWDLQPHQW
5HIHUWR6HFWLRQ
0217,&(//283'$7('6$)(7<$1$/<6,65(3257
86$5
6(&7,21
3/$17$8;,/,$5<6<67(06
5HYLVLRQ
3DJHRI
3HUIRUPDQFH$QDO\\VLV
7KHSULPDU\\SXUSRVHIRUDOOYHQWLODWLRQV\\VWHPVLVWRUHPRYHKHDWSURGXFHGE\\
HTXLSPHQWSLSLQJDQGPRWRUV7KHTXDQWLW\\RIDLUUHTXLUHGLVGHWHUPLQHGDVWKDW
UHTXLUHGWRUHPRYHWKHKHDWORDGVLQWKHHTXLSPHQWDUHDV:KHUHVSDFHVDUH
RFFXSLHGE\\SHUVRQQHODQGDUHZLWKRXWKLJKKHDWSURGXFLQJHTXLSPHQWWKH
YHQWLODWLRQTXDQWLW\\UHTXLUHPHQWVDUHGHILQHGE\\HVWDEOLVKLQJDLUFKDQJHUDWHV
UHTXLUHGIRUSHUVRQQHOFRPIRUWDQGVDIHW\\LQDFFRUGDQFHZLWKODWHVWKHDWLQJ
YHQWLODWLQJDQGDLUFRQGLWLRQLQJSUDFWLFHV
6SDUHRUVWDQGE\\HTXLSPHQWLVLQVWDOOHGLQKHDWLQJYHQWLODWLRQDQGDLUFRQGLWLRQLQJ
V\\VWHPVZKLFKDUHHVVHQWLDOWRPDLQWDLQSURSHUDLUSUHVVXUHVRUWHPSHUDWXUHVIRUWKH
VDIHDQGFRQWLQXRXVRSHUDWLRQRIWKHSODQW&RQWUROVIRUWKHYHQWLODWLQJV\\VWHPDUH
GHVLJQHGWREHDVVLPSOHDVSRVVLEOHDQGFHQWUDOO\\ORFDWHGZKHQSUDFWLFDO
(TXLSPHQWIRUWHPSHUDWXUHLQGLFDWLRQKLJKWHPSHUDWXUHDODUPDLUIORZIDLOXUH
LQGLFDWLRQDQGGLIIHUHQWLDOSUHVVXUHPHDVXUHPHQWLVLQVWDOOHG
$LUIORZLVFRQWUROOHGVRWKDWDLUPRYHVIURPQRQUDGLRDFWLYHDUHDVWRSRWHQWLDOO\\
UDGLRDFWLYHDUHDVE\\VXSSO\\LQJILOWHUHGDLUWRFOHDQDUHDVDQGH[KDXVWLQJDLUIURPWKH
SRWHQWLDOO\\FRQWDPLQDWHGDUHDV7KLVDUUDQJHPHQWHQVXUHVDSRVLWLYHDLUSUHVVXUHLQ
FOHDQDUHDVDQGDQHJDWLYHDLUSUHVVXUHLQSRWHQWLDOO\\FRQWDPLQDWHGDUHDV
)LOWHUVDUHDUUDQJHGWRSHUPLWHDV\\UHPRYDODQGUHSODFHPHQWWRPLQLPL]HH[SRVXUH
IRUSHUVRQQHO$FWXDOILOWHUOLIHFDQQRWEHDQWLFLSDWHGVLQFHLWGHSHQGVRQWKHDPRXQW
RIFRQWDPLQDWLRQLQWKHDLUKDQGOHGDQGWKHVL]HDQGFRQFHQWUDWLRQRISDUWLFOHV
HQWHULQJWKHILOWHU
,QVSHFWLRQDQG7HVWLQJ
9HQWLODWLQJDQGDLUFRQGLWLRQLQJHTXLSPHQWDQGV\\VWHPVDUHPRQLWRUHGDQG
PDLQWDLQHGGXULQJQRUPDORSHUDWLRQ6WDQGE\\HTXLSPHQWLVWHVWHGDQGLQVSHFWHG
SHULRGLFDOO\\WRDVVXUHWKHLUDYDLODELOLW\\ZKHQUHTXLUHG
10.3.3 3ODQW0DNHXS:DWHU7UHDWPHQW6\\VWHP
'HVLJQ%DVLV
7KH3ODQW0DNHXS:DWHU7UHDWPHQW6\\VWHPLVGHVLJQHGWRSURYLGHDVXSSO\\RI
WUHDWHGZDWHUVXLWDEOHDVPDNHXSIRUWKHSODQWDQGUHDFWRUF\\FOHVDQGRWKHU
GHPLQHUDOL]HGZDWHUUHTXLUHPHQWV
'HVFULSWLRQ
7KH3ODQW0DNHXS:DWHU7UHDWPHQW6\\VWHPLVVL]HGWRFRQWLQXRXVO\\SURGXFH
GHPLQHUDOL]HGZDWHUVXLWDEOHIRUXVHLQWKHSODQWDQGUHDFWRUF\\FOHV5DZZDWHULV
VXSSOLHGIURPWKHSODQWGRPHVWLFZHOOZDWHU7KHZDWHULVWKHQGHPLQHUDOL]HGWRPDNH
LWVXLWDEOHIRUXVHLQWKHUHDFWRUDQGWXUELQHV\\VWHPV$VWRUDJHWDQNIRUWKH
GHPLQHUDOL]HGZDWHULVSURYLGHGDQGZDWHULVGLVWULEXWHGWRWKHYDULRXVVHUYLFHVDV
UHTXLUHG
0217,&(//283'$7('6$)(7<$1$/<6,65(3257
86$5
6(&7,21
3/$17$8;,/,$5<6<67(06
5HYLVLRQ
3DJHRI
7KH3ODQW0DNHXS:DWHU7UHDWPHQW6\\VWHPVXSSOLHVGHPLQHUDOL]HGZDWHUIRUWKH
IROORZLQJSODQWHTXLSPHQWDQGV\\VWHPV
&RQGHQVDWH6WRUDJH6\\VWHP
5HDFWRUDQG7XUELQH%XLOGLQJKRVHVWDWLRQV
6SHQW)XHO6WRUDJH3RRODQG6SHQW)XHO3RRO&RROLQJDQG'HPLQHUDOL]HU6\\VWHP
5HDFWRU%XLOGLQJ&ORVHG&RROLQJ:DWHU6\\VWHP
5HDFWRU:DWHU&OHDQXS6\\VWHP
+HDWLQJ%RLOHU'HDHUDWRU
6WDQGE\\/LTXLG&RQWURO6\\VWHP
5DGLRDFWLYH:DVWH&RQWURO6\\VWHPV
3UHVVXUH6XSSUHVVLRQ&KDPEHU 3RRO
&KHPLVWU\\/DERUDWRU\\
&RQGHQVDWH6WRUDJHDQG7UDQVIHU6\\VWHP
0DNHXS'HPLQHUDOL]HU
+RW:DWHU+HDWLQJ6\\VWHP
6WDWRU:LQGLQJ/LTXLG&RROLQJ8QLWV
5HDFWRU&RUH,VRODWLRQ&RROLQJ6\\VWHP
+LJK3UHVVXUH&RRODQW,QMHFWLRQ6\\VWHP
- HQHUDO(OHFWULF=LQF,QMHFWLRQ3DVVLYDWLRQ *(=,3 6\\VWHP
2Q/LQH1REOH&KHPLVWU\\6\\VWHP
3HUIRUPDQFH$QDO\\VLV
7KHSLSLQJWDQNVDQGRWKHUHTXLSPHQWRIWKHGHPLQHUDOL]HGZDWHUWUHDWPHQWV\\VWHPV
DUHRIFRUURVLRQUHVLVWDQWPHWDOVRUZLWKFRDWLQJVZKLFKSUHYHQWFRQWDPLQDWLRQRIWKH
PDNHXSZDWHUZLWKIRUHLJQPDWHULDO
7UDQVIHURIZDWHUIURPWKHGHPLQHUDOL]HUVWRUDJHWDQNWRWKHFRQGHQVDWHVWRUDJHWDQN
LVDFFRPSOLVKHG7KHGLVFKDUJHIURPWKHGHPLQHUDOL]HULVFRQWLQXRXVO\\PRQLWRUHGIRU
TXDOLW\\E\\FRQGXFWLYLW\\PHDVXULQJGHYLFHVZKLFKLQLWLDWHDQDODUP
,QVSHFWLRQDQG7HVWLQJ
$OOV\\VWHPVDQGHTXLSPHQWZHUHLQVSHFWHGDQGWHVWHGEHIRUHRSHUDWLRQ(TXLSPHQWLV
PRQLWRUHGDQGFKHFNHGIRUSHUIRUPDQFHRQDFRQWLQXRXVEDVLVGXULQJQRUPDO
RSHUDWLRQZKHUHQRVSHFLDOWHVWLQJRULQVSHFWLRQLVFRQVLGHUHGQHFHVVDU\\
0217,&(//283'$7('6$)(7<$1$/<6,65(3257
86$5
6(&7,21
3/$17$8;,/,$5<6<67(06
5HYLVLRQ
3DJHRI
10.3.4 3ODQW$LU6\\VWHPVDQG1LWURJHQ6\\VWHPV
'HVLJQ%DVLV
7KHSODQWSQHXPDWLFV\\VWHPVFRQVLVWRIDSODQW,QVWUXPHQWDQG6HUYLFH$LU6\\VWHP
DQRXWERDUGPDLQVWHDPLVRODWLRQYDOYH 06,9 DLUVXSSO\\DQ$OWHUQDWH1LWURJHQ
6\\VWHPDQGDQLQVWUXPHQWQLWURJHQVXSSO\\WRFRQWDLQPHQW7KHSODQW,QVWUXPHQWDQG
6HUYLFH$LU6\\VWHPSURYLGHVWKHSODQWZLWKDFRQWLQXRXVVXSSO\\RIRLOIUHH
FRPSUHVVHGDLU'U\\DLULVVXSSOLHGWRSODQWLQVWUXPHQWVDQGFRQWUROVDVUHTXLUHGDQG
LVSURYLGHGDWKRVHVWDWLRQVWKURXJKRXWWKHSODQW7KHRXWERDUG06,9DLUVXSSO\\
SURYLGHVDVRXUFHRIKLJKSUHVVXUHDLU QRPLQDOSVLJ WRRSHQDQGPDLQWDLQRSHQ
WKHRXWERDUG06,9V$VDIHW\\UHODWHG$OWHUQDWH1LWURJHQ6\\VWHPSURYLGHVDQ
DOWHUQDWHSUHVVXUHVRXUFHWRHTXLSPHQWUHTXLUHGGXULQJRUIROORZLQJDQDFFLGHQW$Q
LQVWUXPHQWQLWURJHQVXSSO\\LVSURYLGHGWRLQVWUXPHQWVFRQWUROVDQGHTXLSPHQW
ORFDWHGLQWKHGU\\ZHOOLQOLHXRILQVWUXPHQWDLU7KLVLVWRHOLPLQDWHDVRXUFHRIR[\\JHQ
EXLOGXSLQFRQWDLQPHQWWKURXJKLQOHDNDJH
'HVFULSWLRQ
,QVWUXPHQWDQG6HUYLFH$LU6\\VWHPV
7KHFRPSUHVVHGDLUV\\VWHPVDUHVKRZQRQ6HFWLRQ'UDZLQJ1+
6KHHWVDQG7KH,QVWUXPHQWDQG6HUYLFH$LU6\\VWHPLQFOXGHV
WKUHHQRQOXEULFDWHGYDULDEOHVSHHGGULYHDLUFRPSUHVVRUVHDFKZLWKDQLQWDNHILOWHU
DLUFRROHUPRLVWXUHVHSDUDWRUWUDSDQGDVVRFLDWHGGU\\HUDQGUHFHLYHU7KHVH
FRPSUHVVRUVDUHUDWHGDWDQRPLQDOVFIPDWDGLVFKDUJHSUHVVXUHRISVLJ
7KHFRPSUHVVRUVDUHFRQWUROOHGIURPDFRPPRQFRQWUROSDQHODQGDVVRFLDWHG
V\\VWHPKHDGHUSUHVVXUHWUDQVPLWWHUVWRDOORZIRUDQ\\FRPELQDWLRQRIOHDGRUVWDQGE\\
IXQFWLRQRIHDFKFRPSUHVVRUDVGHVLUHG,QDGGLWLRQWRWKLVFRPPRQFRQWUROSDQHO
HDFKFRPSUHVVRUFDQEHFRQWUROOHGIURPLWVLQWHJUDOFRQWUROOHUDQGGLVFKDUJH
SUHVVXUHWUDQVGXFHU1RUPDOO\\RQHDLUFRPSUHVVRULVLQWKHOHDGSRVLWLRQDQGWKH
RWKHUVDUHLQVWDQGE\\DVFRQWUROOHGE\\WKHFRPPRQFRQWUROSDQHO
7KHWKUHHFRPSUHVVRUVGLVFKDUJHDLUWRWKHLUUHVSHFWLYHDLUGU\\HUVWKURXJK
DIWHUFRROHUVZLWKPRLVWXUHVHSDUDWRUWUDSV(DFKFRPSUHVVRULVFRROHGE\\LWV
GHGLFDWHGHWK\\OHQHJO\\FROFORVHGFRROLQJV\\VWHP7KHDLUGU\\HUVVXSSO\\WKHDLU
UHFHLYHUVDQGWKH,QVWUXPHQWDQG6HUYLFH$LU6\\VWHP7KHUHFHLYHUVDFWDVDVXUJH
YROXPHWRPLQLPL]HWKHHIIHFWVRISUHVVXUHVXUJHVFDXVHGE\\XVDJHDQGWKHORDGLQJ
DQGXQORDGLQJRIWKHFRPSUHVVRUV)ORZPHDVXULQJLQVWUXPHQWDWLRQDOORZV
PRQLWRULQJRIFRPSUHVVRUSHUIRUPDQFHDQGLQVWUXPHQWDQGVHUYLFHDLUXVDJH
7KHDLUIRUWKH,QVWUXPHQWDQG6HUYLFH$LU6\\VWHPLVGULHGE\\PHDQVRI VFIPWZLQ
EHGGHVLFFDQWW\\SHDLUGU\\HUVHDFKLQVWDOOHGEHWZHHQDSUHILOWHUDQGDIWHUILOWHU
- KHQRQHEHGRIDGU\\HULVLQVHUYLFHWKHDOWHUQDWHEHGLVLQVWDQGE\\:KHQDGU\\HU
VHQVHVWRRKLJKRIDPRLVWXUHFRQWHQWLQWKHVWDQGE\\EHGLWZLOODXWRPDWLFDOO\\SXWWKDW
EHGLQWKHUHJHQHUDWLQJF\\FOH7KHEHGVDUHDOWHUQDWHGLQVHUYLFHWRSURYLGHD
FRQWLQXRXVIORZRIGU\\DLUWRWKHV\\VWHP$QDIWHUILOWHULVORFDWHGGRZQVWUHDPRIHDFK
GU\\HUWRWUDSDQ\\SDUWLFXODWHVZKLFKSDVVWKURXJKRUDUHUHOHDVHGE\\WKHFRPSUHVVRUV
RUDLUGU\\HUV
0217,&(//283'$7('6$)(7<$1$/<6,65(3257
86$5
6(&7,21
3/$17$8;,/,$5<6<67(06
5HYLVLRQ
3DJHRI
7KHLQVWUXPHQWDLUSRUWLRQRIWKH,QVWUXPHQWDQG6HUYLFH$LU6\\VWHPVXSSOLHVWKH
FRPSUHVVHGDLUUHTXLUHPHQWVIRUPRVWSQHXPDWLFLQVWUXPHQWVDQGFRQWUROVORFDWHG
WKURXJKRXWWKHSODQW
7KHVHUYLFHDLUSRUWLRQRIWKH,QVWUXPHQWDQG6HUYLFH$LU6\\VWHPFRQVLVWVPDLQO\\RID
SLSLQJV\\VWHPZKLFKVXSSOLHVKRVHVWDWLRQVWKURXJKRXWWKHSODQWDQGLVLQWHQGHGIRU
YDULRXVPLVFHOODQHRXVXVDJHVE\\PDLQWHQDQFHDQGRSHUDWLRQVSHUVRQQHO
2XWERDUG06,90DLQ$LU6XSSO\\
7KHQRUPDOPDLQDLUVXSSO\\IRUWKHRXWERDUG06,9VLVSURYLGHGE\\ERWWOHGDLUSDOOHWV
VWRUHGLQDQDLUSDOOHWVVWRUDJHEXLOGLQJORFDWHGZHVWRIWKHFRQGHQVDWHVWRUDJH
WDQNV 7KHRXWERDUG06,9V¶SLORWDLUVXSSO\\LVSURYLGHGE\\WKHSODQW,QVWUXPHQWDQG
6HUYLFH$LU6\\VWHP 7ZRPDLQDLUVXSSO\\KHDGHUVDUHORFDWHGLQWKHDLUSDOOHWV
VWRUDJHEXLOGLQJ2QHDLUSDOOHWLVFRXSOHGWRHDFKDLUKHDGHUEXWRQO\\RQHSDOOHWLV
UHTXLUHGWREHYDOYHGLQVHUYLFHDWDWLPH%RWWOHGDLUDWDSUHVVXUHUDQJHRISVLJ
WRSVLJLVIHGIURPWKHSDOOHWVWRWKHDLUVXSSO\\KHDGHUVZKHUHLWLVUHGXFHGWRD
QRPLQDOSUHVVXUHRISVLJ7KHDLUKHDGHUVFRQQHFWWRDVLQJOHFRPPRQLQFK
PDLQDLUVXSSO\\WKURXJKZKLFKWKHDLULVWUDQVSRUWHGWRDQDFFXPXODWRUORFDWHGLQWKH
7XUELQH%XLOGLQJ)RXUOLQHVRQHIRUHDFKRXWERDUG06,9DUHURXWHGIURPWKH
DFFXPXODWRUWRWKH06,9VORFDWHGLQWKHVWHDPFKDVH7KHDFFXPXODWRUSUHYHQWV
RSHQRXWERDUG06,9VIURPGULIWLQJFORVHGGXULQJPRPHQWDU\\SHULRGVRIKLJKDLU
GHPDQGDQGPLWLJDWHVWKHHIIHFWVRIWKHUPDOH[SDQVLRQRIDLULQWKH06,9DFWXDWRUV
7ZRDLUGULYHQDLUFRPSUHVVRUV LQWHQVLILHUV ORFDWHGLQWKHUHDFWRUEXLOGLQJSURYLGH
DEDFNXSVRXUFHRIPDLQDLUIRUWKHRXWERDUG06,9VXSRQORVVRIWKHQRUPDODLU
VXSSO\\(DFKLQWHQVLILHULVFDSDEOHRIERRVWLQJLWVVXSSO\\DLUSUHVVXUHE\\DIDFWRURI
ILYH$WDIORZUDWHRIDERXW VFIPWKHRXWSXWSUHVVXUHZRXOGEHSVLJ
$SSUR[LPDWHO\\VFIPRIVXSSO\\DLU WRWDORIGULYHDLUDQGPDLQDLU ZLOOEHFRQVXPHG
E\\HDFKLQWHQVLILHUDWWKLVRXWSXWUDWH'ULYHDQGPDLQDLUVXSSOLHVIRUWKHLQWHQVLILHUV
DUHSURYLGHGE\\WKH,QVWUXPHQWDQG6HUYLFH$LU6\\VWHP7KHLQWHQVLILHUVDUH
PDQXDOO\\YDOYHGLQVHUYLFHZKHQQHHGHG
$OWHUQDWH1LWURJHQ6\\VWHP
7KH$OWHUQDWH1LWURJHQ6\\VWHPFRQVLVWVRIWZRVHSDUDWHVDIHW\\UHODWHGWUDLQV
SURYLGLQJDVDIHW\\UHODWHGEDFNXSSQHXPDWLFVRXUFHIURPQLWURJHQERWWOHUDFNV
ORFDWHGRQWKH ¶HOHYDWLRQRIWKHWXUELQHEXLOGLQJ7KHORFDWLRQRIWKHERWWOHUDFNV
SHUPLWVUHSODFHPHQWRIQLWURJHQERWWOHVWRPDLQWDLQWKHQLWURJHQSUHVVXUHGXULQJ
QRUPDORSHUDWLRQDQGIROORZLQJDQDFFLGHQW7UDLQ$SURYLGHVEDFNXSSQHXPDWLF
VXSSO\\WRWKH7ULQJVHDOVRIWKHLQERDUG3ULPDU\\&RQWDLQPHQW$WPRVSKHULF&RQWURO
6\\VWHPSXUJHDQGYHQWYDOYHVWKH7ULQJVHDOVDQGDFWXDWRUVRIWKHUHDFWRUEXLOGLQJ
WRVXSSUHVVLRQFKDPEHUYDFXXPEUHDNHUVDQGVDIHW\\UHOLHIYDOYHV59$
59%DQG59(7UDLQ%SURYLGHVEDFNXSSQHXPDWLFVXSSO\\WRWKH7ULQJ
VHDOVRIWKHRXWERDUG3ULPDU\\&RQWDLQPHQW$WPRVSKHULF&RQWURO6\\VWHPSXUJHDQG
YHQWYDOYHVWKHLQERDUGPDLQVWHDPLVRODWLRQYDOYHV$2$$2%
$2&DQG$2'DQGVDIHW\\UHOLHIYDOYHV59&59)DQG
59+0DQLIROGDQGV\\VWHPSUHVVXUHVRIHDFKWUDLQDUHPRQLWRUHGE\\SUHVVXUH
VZLWFKHVZKLFKJLYHFRQWUROURRPDQQXQFLDWLRQRQORZSUHVVXUH
0217,&(//283'$7('6$)(7<$1$/<6,65(3257
86$5
6(&7,21
3/$17$8;,/,$5<6<67(06
5HYLVLRQ
3DJHRI
,QVWUXPHQW1LWURJHQ6XSSO\\WR&RQWDLQPHQW
7KH3ULPDU\\&RQWDLQPHQWPXVWEHPDLQWDLQHGDWDQR[\\JHQFRQFHQWUDWLRQOHVVWKDQ
SHUFHQWE\\YROXPH&RQVWDQWOHDNDJHIURPWKH,QVWUXPHQWDQG6HUYLFH$LU6\\VWHP
LQFUHDVHVWKHR[\\JHQFRQWHQWLIFRPSUHVVHGDLULVXVHGWRVXSSO\\DLURSHUDWHG
HTXLSPHQWORFDWHGLQWKHGU\\ZHOO:KHQWKHFRQFHQWUDWLRQH[FHHGVSHUFHQWE\\
YROXPHWKHSULPDU\\FRQWDLQPHQWPXVWEHSXUJHG,QRUGHUWRUHGXFHWKHQHHGWR
SXUJHDQLWURJHQVXSSO\\WRWKHLQVWUXPHQWDLUKHDGHULQVLGHWKHGU\\ZHOOLVSURYLGHG
1LWURJHQLVVXSSOLHGWKURXJKDUHJXODWRUIURPWKHSODQWQLWURJHQVWRUDJHWDQN,QWKH
HYHQWRIORVVRIQLWURJHQSUHVVXUHWKHFRQWDLQPHQWVXSSO\\LVDXWRPDWLFDOO\\
WUDQVIHUUHGWRWKH,QVWUXPHQWDQG6HUYLFH$LU6\\VWHP
3HUIRUPDQFH$QDO\\VLV
6LQFHYLWDOLQVWUXPHQWDWLRQLQWKHSODQWLVSULPDULO\\HOHFWULFDOO\\SRZHUHGODUJHFDSDFLW\\
LQVWUXPHQWDLUVWRUDJHLVQRWUHTXLUHGDVSODQWVDIHW\\GRHVQRWGHSHQGRQWKLVV\\VWHP
2QHFRPSUHVVRUFDQEHRSHUDWHGE\\HVVHQWLDOSRZHUVXSSOLHGE\\WKH(PHUJHQF\\
'LHVHO*HQHUDWRU6\\VWHPRU1R$5WUDQVIRUPHU7KHVHFRQGDQGWKLUGFDQEH
RSHUDWHGE\\WKHQRQHVVHQWLDOGLHVHOJHQHUDWRU
7KHSODQWDLUV\\VWHPVDQGLQVWUXPHQWQLWURJHQV\\VWHPVDUHQRWFRQVLGHUHGWREHD
VDIHW\\UHODWHGV\\VWHPVVLQFHHTXLSPHQWUHTXLULQJFRPSUHVVHGDLURUQLWURJHQIRU
RSHUDWLRQGXULQJRULPPHGLDWHO\\VXEVHTXHQWWRDQDFFLGHQWLVVXSSOLHGIURPORFDO
DFFXPXODWRUVRWKHUDLUVRXUFHVRUWKH$OWHUQDWH1LWURJHQV\\VWHP
$FFXPXODWRUVRURWKHUSQHXPDWLFVRXUFHVDUHSURYLGHGDWWKHIROORZLQJSRLQWV
5&,&0LQLPXP)ORZ9DOYH
5+53XPS0LQLPXP)ORZ9DOYHV 7KHFRQWDLQPHQWUHVSRQVHDQDO\\VHV
DVVXPHWKH5+5SXPSPLQLPXPIORZYDOYHVIDLORSHQGXHWRORVVRIDFFXPXODWRU
SUHVVXUHDIWHUPLQXWHV6HH86$5VHFWLRQ
3ULPDU\\&RQWDLQPHQWSXUJHDQGYHQWYDOYHV /RFDODFFXPXODWRUVLQ
FRQMXQFWLRQZLWKWKH$OWHUQDWH1LWURJHQ6XSSO\\6\\VWHPSURYLGHVXIILFLHQW
DLUQLWURJHQWRPDLQWDLQ7ULQJVHDOVSUHVVXUL]HGWRPDLQWDLQ3ULPDU\\&RQWDLQPHQW
LQWHJULW\\
+3&,3XPS0LQLPXP)ORZ9DOYH
6DIHW\\UHOLHIYDOYHV 659V 7ZR659V*DQG'DUHHDFKVHUYHGE\\DEDQNRI
IRXUDFFXPXODWRUVFKDUJHGE\\WKHQRQVDIHW\\UHODWHG,QVWUXPHQW$LU,QVWUXPHQW
1LWURJHQ6\\VWHPVLQWKHGU\\ZHOO7KHUHPDLQLQJVL[659VDUHFRQQHFWHGWRWKH
$OWHUQDWH1LWURJHQ6\\VWHP7KHDFFXPXODWRUVDQG$OWHUQDWH1LWURJHQ6\\VWHP
SURYLGHDVDIHW\\UHODWHGEDFNXSVXSSO\\LQWKHHYHQWWKHQRQVDIHW\\UHODWHG
SQHXPDWLFV\\VWHPVDUHORVW
,QERDUG0DLQ6WHDP,VRODWLRQ9DOYHV 06,9V 7KHLQERDUG06,9VDUHQRUPDOO\\
VXSSOLHGE\\WKH,QVWUXPHQW$LU,QVWUXPHQW1LWURJHQV\\VWHPVZLWKWKH$OWHUQDWH
1LWURJHQ6\\VWHPVHUYLQJDVDVDIHW\\UHODWHGEDFNXS7KHUHDUHIRXUDFFXPXODWRUV
FRQQHFWHGWRWKHSQHXPDWLFVXSSO\\KHDGHUWRWKHLQERDUG06,9V7KHVH
0217,&(//283'$7('6$)(7<$1$/<6,65(3257
86$5
6(&7,21
3/$17$8;,/,$5<6<67(06
5HYLVLRQ
3DJHRI
DFFXPXODWRUVDUHORFDWHGLQFORVHSUR[LPLW\\WRWKH06,9VDQGVHUYHWRPLQLPL]H
SUHVVXUHGURSDQGWRVSHHGXSYDOYHFORVXUH
6WDQGE\\*DV7UHDWPHQW6\\VWHP9DOYHV $LURSHUDWHGYDOYHVDQG
LQVWUXPHQWDWLRQDVVRFLDWHGZLWKWKH6WDQGE\\*DV7UHDWPHQW6\\VWHPDUHVXSSOLHG
IURPWKHSODQW,QVWUXPHQWDQG6HUYLFH$LU6\\VWHP7KHYDOYHVIDLOVDIH
5+56:&RQWURO9DOYHV $UHVXSSOLHGE\\LQVWUXPHQWDLUQRUPDOO\\DQGXSRQ
RFFXUUHQFHRIORZDLUSUHVVXUHDUHVXSSOLHGE\\WKH5+5DX[LOLDU\\DLUFRPSUHVVRUV
7KH5+56:DX[LOLDU\\DLUFRPSUHVVRUVVXSSO\\DLUWRWKH5+56:FRQWUROYDOYHV
5HDFWRU%XLOGLQJWRVXSSUHVVLRQFKDPEHUYDFXXPEUHDNHUV $OWHUQDWH
1LWURJHQ6XSSO\\6\\VWHPDYDLODEOHWRFORVHYDOYHVDQGSUHVVXUL]H7ULQJVHDOVIRU
3ULPDU\\&RQWDLQPHQWLQWHJULW\\
$VGHVFULEHGWKH$OWHUQDWH1LWURJHQ6\\VWHPSURYLGHVVDIHW\\UHODWHGSQHXPDWLF
VXSSO\\7KHPHWKRGRIHYDOXDWLRQXVHGWRGHWHUPLQHWKHUHTXLUHGERWWOHSUHVVXUHLVDV
IROORZV
7KHYROXPHRIQLWURJHQUHTXLUHGWRRSHUDWHWKHHTXLSPHQWVHUYHG LHWKH
$OWHUQDWH1LWURJHQ6\\VWHPORDGV ZDVDGGHGWRWKHYROXPHRIQLWURJHQUHPDLQLQJ
LQWKHERWWOHVZKHQWKH\\DUHLVRODWHGGXHWRORZSUHVVXUH$GGLWLRQDOO\\WKH
PD[LPXPV\\VWHPOHDNDJHLQWKH$OWHUQDWH1LWURJHQ6\\VWHPWUDLQZDVFRQVLGHUHG
LQWKHHYDOXDWLRQ,QRUGHUWRGHWHUPLQHWKHYROXPHVRIGLIIHUHQWORDGVDQ
LVHQWURSLFH[SDQVLRQRIWKHQLWURJHQDVLWH[LWVWKHERWWOHVZDVDVVXPHG7KLVLV
FRQVHUYDWLYHFRPSDUHGWRLVRWKHUPDODVLWUHVXOWVLQORZHUSUHVVXUHLQWKH$OWHUQDWH
1LWURJHQ6\\VWHPGXULQJRSHUDWLRQRIWKHHTXLSPHQWDQGPRUHPDVVWKDWZLOOLQLWLDOO\\
IORZIURPWKH$OWHUQDWH1LWURJHQERWWOHVLQWRWKHV\\VWHP7KHUHTXLUHG$OWHUQDWH
1LWURJHQ6\\VWHPORDGYROXPHZDVWKHQDGGHGWRWKHYROXPHUHPDLQLQJLQWKH
QLWURJHQERWWOHVDWWKHWLPHWKDWWKHORZSUHVVXUHLVRODWLRQRFFXUV7KHILQDO
GHWHUPLQDWLRQSURYLGHVWKHPLQLPXPSUHVVXUHZLWKLQWKH$OWHUQDWH1LWURJHQ
F\\OLQGHUVWRVXSSRUWLWVVSHFLILHGVDIHW\\IXQFWLRQ 5HIDQG
,QVSHFWLRQDQG7HVWLQJ
7KH,QVWUXPHQWDQG6HUYLFH$LU6\\VWHPVDUHLQFRQWLQXRXVRSHUDWLRQDQGDUH
REVHUYHGDQGPDLQWDLQHGGXULQJQRUPDORSHUDWLRQV,QUHVSRQVHWR*HQHULF/HWWHU
³,QVWUXPHQW$LU6XSSO\\3UREOHPV$IIHFWLQJ6DIHW\\5HODWHG(TXLSPHQW'
5HIHUHQFH DFRPPLWPHQWZDVPDGHWRDGGVHPLDQQXDOWHVWVIRUGHZSRLQW
SDUWLFXODWHDQGRLOFRQWHQWWRWKH,QVWUXPHQW$LU4XDOLW\\3URJUDP 5HIHUHQFH
0217,&(//283'$7('6$)(7<$1$/<6,65(3257
86$5
6(&7,21
3/$17$8;,/,$5<6<67(06
5HYLVLRQ
3DJHRI
10.3.5 'RPHVWLF:DWHU6\\VWHP
'HVLJQ%DVLV
7KH'RPHVWLF:DWHU6\\VWHPSURYLGHVZDWHUIRUGULQNLQJDQGVDQLWDU\\SXUSRVHV,W
DOVRSURYLGHVUDZZDWHUIRUWKH3ODQW0DNHXS'HPLQHUDOL]HU6\\VWHPDQGQRUPDO
VXSSO\\IRUWKH6HDO:DWHU6\\VWHP
'HVFULSWLRQ
7KH'RPHVWLF:DWHU6XSSO\\LVVXSSOLHGIURPZHOOVRQVLWH
6KRZHUDQGODYDWRU\\ZDVWHZDWHUDQGGUDLQVVXFKDVLQWKHRIILFHEXLOGLQJWKDWGRQRW
FRQWDLQUDGLRDFWLYHPDWHULDODUHGLUHFWHGWRDVHZDJHWUHDWPHQWV\\VWHP
7KH6HDO:DWHULVVXSSOLHGWRYDULRXVULYHUZDWHUSXPSVDQGWKHRYHUIORZLV
GLVFKDUJHGWRWKHULYHU
6HH6HFWLRQIRUDGLVFXVVLRQRIWKH3ODQW0DNHXS:DWHU7UHDWPHQW6\\VWHP
3HUIRUPDQFH$QDO\\VLV
7KH'RPHVWLF:DWHU6\\VWHPSURYLGHVZDWHUIRUGULQNLQJVDQLWDWLRQWKH6HDO:DWHU
6\\VWHPDQGWKH3ODQW0DNHXS:DWHU7UHDWPHQW6\\VWHP
10.3.6 3ODQW(TXLSPHQWDQG)ORRU'UDLQDJH6\\VWHPV
'HVLJQ%DVLV
7KHGHVLJQREMHFWLYHRIWKHSODQWHTXLSPHQWDQGIORRUGUDLQDJHLVWRFROOHFWDQG
UHPRYHDOOZDVWHOLTXLGVIURPWKHLUSRLQWVRIRULJLQWRDVXLWDEOHWUHDWPHQWDUHD
LQDFRQWUROOHGDQGVDIHPDQQHU:DWHUIURPUDGLRDFWLYHGUDLQVLVFROOHFWHGWUHDWHG
VDPSOHGVWRUHGDQGRUDQDO\\]HGSULRUWRGLVSRVDOWRWKHHQYLURQPHQWLQDFFRUGDQFH
ZLWK15&UHJXODWLRQV&)5DQG$SSHQGL[,WR&)5'UDLQOLQHSHQHWUDWLRQV
WKURXJKFRQWDLQPHQWEDUULHUVDUHGHVLJQHGWRPDLQWDLQFRQWDLQPHQWGXULQJQRUPDO
RSHUDWLRQVDQGSRVWXODWHGGHVLJQEDVLVDFFLGHQWV
0217,&(//283'$7('6$)(7<$1$/<6,65(3257
86$5
6(&7,21
3/$17$8;,/,$5<6<67(06
5HYLVLRQ
3DJH RI
'HVFULSWLRQ
*HQHUDO
7KHWKUHHEDVLFGUDLQDJHV\\VWHPVLQWKHSODQWDUH
D
'U\\ZHOO5DGLRDFWLYH'UDLQDJH6\\VWHPV
E
5HDFWRUDQG7XUELQH%XLOGLQJ5DGLRDFWLYH'UDLQDJH6\\VWHPV
F
7KH1RQUDGLRDFWLYH(TXLSPHQWDQG)ORRU'UDLQDJH6\\VWHPV
7KHILUVWWZRV\\VWHPVDVWKHQDPHVLPSO\\KDQGOHZDVWHVZKLFKDUHUDGLRDFWLYH
7KHWKLUGV\\VWHPKDQGOHVZDVWHVRULJLQDWLQJLQDUHDVZKLFKDUHQRWUDGLRDFWLYH$OO
UDGLRDFWLYHGUDLQVDUHSXPSHGWRWKHUDGZDVWHV\\VWHPIRUWUHDWPHQWSULRUWRUHXVH
1RQUDGLRDFWLYHGUDLQVDUHGUDLQHGWRDQRUPDOGUDLQVXPSRUWRWKHVWRUPGUDLQ
V\\VWHP
'U\\ZHOO5DGLRDFWLYH'UDLQDJH6\\VWHPV
7KHGU\\ZHOOIORRUGUDLQVXPSWKHHTXLSPHQWGUDLQVXPSDQGWKHSXPSVDVVRFLDWHG
ZLWKWKHVHVXPSVSURYLGHWKHV\\VWHPIRUUHPRYDORIOHDNDJHIURPWKHGU\\ZHOO
'UDLQDJHLQWRWKHGU\\ZHOOHTXLSPHQWGUDLQVXPSLVFRQVLGHUHGWREHLGHQWLILHG
OHDNDJH7KLVOHDNDJHLVSLSHGIURPYDOYHDQGSXPSVHDOOHDNRIIVGLUHFWO\\WRWKH
VXPS7KHIORRUGUDLQVXPSFROOHFWVXQLGHQWLILHGOHDNDJHZKLFKPD\\FRPHIURP
XQH[SHFWHGOHDNV%DFNJURXQGIORZLQWRWKLVVXPSLVYHU\\ORZ OHVVWKDQRQHJSP
6WHDPOHDNVFROOHFWLQWKLVVXPSGXHWRFRQGHQVDWLRQLQWKHGU\\ZHOOFRROHUVRURQWKH
GU\\ZHOOZDOOV0HDVXUHPHQWRIWKHOHDNDJHUDWHLVDFFRPSOLVKHGE\\PHDVXULQJWKH
LQWHUYDOEHWZHHQWZROHYHOVZLWFKHVDVWKHVXPSILOOV$WDQ\\WLPHWKDWWKHLQWHUYDO
GHFUHDVHVRYHUWKHSUHYLRXVPLQLPXPLQWHUYDO LQGLFDWLQJDQLQFUHDVHGOHDNUDWH DQ
DODUPRSHUDWHVLQWKHFRQWUROURRP$GLDOLVSURYLGHGIRUWKHRSHUDWRUWRVHWWKH
PLQLPXPLQWHUYDOWLPHUWRDQ\\WLPH$IWHUVXFKDVHWWLQJWKHILUVWUHILOOLQWHUYDO
EHFRPHVWKHVWDQGDUGWRZKLFKVXEVHTXHQWLQWHUYDOVDUHFRPSDUHG
(DFKVXPSLVDOVRSURYLGHGZLWKDOHYHOWUDQVPLWWHU&RQWUROERDUGUHFRUGHUVSURYLGH
FRQWLQXRXVLQGLFDWLRQRIOHDNDJHUDWHV3URFHVVFRPSXWHUDODUPVRQKLJKOHDNDJH
UDWHVSURYLGHUDSLGQRWLILFDWLRQWRRSHUDWRUVRIDEQRUPDOOHDNDJH
7ZRSXPSVRIJSPFDSDFLW\\DUHSURYLGHGLQHDFKVXPS7KHOLYHVWRUDJHRIHDFK
VXPSLVDERXWJDOORQV7RWDOVXPSFDSDFLW\\LVDERXWJDOORQVZKLFKDOORZV
VXIILFLHQWZRUNLQJPDUJLQDWORZDQGKLJKOHYHOV
7KHRSHUDWRUFDQDOVRGHWHUPLQHWKHOHDNDJHRYHUDSHULRGRIWLPHIURPDQ
LQWHJUDWLQJIORZPHWHUDQGUHFRUGHUZKLFKLQGLFDWHWKHVXPSIORZ7KHRSHUDWRUFDQ
VXSSOHPHQWWKLVLQIRUPDWLRQE\\REVHUYLQJWKHGU\\ZHOOFRROHUFRROLQJZDWHU
WHPSHUDWXUHGLIIHUHQWLDO
%HVLGHVWKHTXDQWLWDWLYHGHWHFWLRQPHWKRGVGLVFXVVHGDERYHWKHIROORZLQJ
SURYLVLRQVDUHPDGHIRUGHWHUPLQLQJWKHVRXUFHRIOHDNDJH,WVKRXOGEHQRWHGWKDW
PRVWRIWKHVHPHWKRGVDUHDSSOLFDEOHRQO\\IRUORFDOL]LQJOHDNDJHVRXUFHVDQGGRQRW
QHFHVVDULO\\JLYHDTXDQWLWDWLYHLQGLFDWLRQRIWKHOHDNVL]H
0217,&(//283'$7('6$)(7<$1$/<6,65(3257
86$5
6(&7,21
3/$17$8;,/,$5<6<67(06
5HYLVLRQ
3DJHRI
/HDN'HWHFWLRQ0HWKRGV
D
/RFDODLUWHPSHUDWXUHPRQLWRUV /RFDWHGLQHDFKTXDGUDQWRIWKHGU\\ZHOO
E
/HDNRIIFROOHFWLRQOLQHVIURPUHDFWRUKHDGIODQJHVHDOSXPSVHDOVYDOYHVWHP
OHDNRIIV
F
$LUVDPSOLQJ
G
6XPSZDWHUVDPSOLQJ
H
/RRVHSDUWVPRQLWRULQJV\\VWHP
I
3RUWDEOHUDGLDWLRQLQVWUXPHQWV
J
9LVXDOLQVSHFWLRQGXULQJVKXWGRZQ
5HDFWRU%XLOGLQJ5DGZDVWH'UDLQDJH6\\VWHP
5HDFWRU%XLOGLQJ'UDLQV
5HDFWRUEXLOGLQJOHDNDJHLVFROOHFWHGLQWZRVHSDUDWHVXPSV
2QHVXPSKDQGOHVGUDLQDJHIURPDOOHTXLSPHQWGUDLQVZKLOHWKHRWKHUFROOHFWV
IORRUGUDLQV
3XPSVDUHSURYLGHGWRWUDQVIHUWKHVHZDVWHVIURPWKHVXPSV YLDWKHLUUHVSHFWLYH
FROOHFWLRQWDQN WRWKHZDVWHFROOHFWRUWDQNLQWKHOLTXLGUDGZDVWHV\\VWHP7KH
UHDFWRUEXLOGLQJHTXLSPHQWGUDLQV\\VWHPEHJLQVZLWKGUDLQVDWDOOLWHPVRI
HTXLSPHQWFROOHFWVLQEUDQFKOLQHVDQGGLVFKDUJHVWRWKHUHDFWRUEXLOGLQJ
HTXLSPHQWGUDLQVXPSIRUHYHQWXDOWUDQVIHUWRWKHZDVWHFROOHFWRUWDQNLQWKHOLTXLG
UDGZDVWHV\\VWHP&RQWDLQPHQWLVPDLQWDLQHGLQWUDQVIHUULQJZDVWHVIURPWKH
VXPSVWRWKHUDGZDVWHV\\VWHPE\\PDLQWDLQLQJDPLQLPXPZDWHUOHYHOLQWKHVXPS
ZKLFKVHDOVWKHSXPSVXFWLRQOLQHVVRWKDWWKHUHLVQRFRQWLQXRXVDLUSDWKEHWZHHQ
WKHSXPSVXFWLRQLQOHWDQGWKHFRQWDLQPHQW'UDLQVIURPWKHUHDFWRUVWDQGE\\OLTXLG
FRQWUROV\\VWHPDUHQRWFROOHFWHGLQWKHUDGLRDFWLYHZDVWHV\\VWHPEXWWRDVHSDUDWH
FROOHFWLQJWDQNHJJDOGUXPIRULQGHSHQGHQWGLVSRVDO9DOYHVRQHDFKVLGH
RIDSULPDU\\FRQWDLQPHQWZDOOFORVHXSRQDKLJKSUHVVXUHVLJQDOWRSUHYHQWEORZRXW
RIZDWHUVHDOV
7XUELQH%XLOGLQJ'UDLQV
7KHWXUELQHEXLOGLQJUDGLRDFWLYHHTXLSPHQWGUDLQDJHV\\VWHPGUDLQVDOOLWHPVRI
HTXLSPHQWWKDWUHTXLUHGUDLQLQJFROOHFWVLQEUDQFKOLQHVHPSWLHVLQWRPDLQZDVWH
OLQHVDQGGLVFKDUJHVLQWRWKHHTXLSPHQWGUDLQVXPSORFDWHGEHORZWKHEDVHPHQW
OHYHO$VXPSSXPSLVSURYLGHGWRSXPSWKHGLVFKDUJHIURPWKHWXUELQHEXLOGLQJWR
WKHOLTXLGUDGZDVWHV\\VWHP
0217,&(//283'$7('6$)(7<$1$/<6,65(3257
86$5
6(&7,21
3/$17$8;,/,$5<6<67(06
5HYLVLRQ
3DJHRI
1RQUDGLRDFWLYH:DWHU'UDLQDJH6\\VWHP
7KHWXUELQHEXLOGLQJDGPLQLVWUDWLRQEXLOGLQJUDGZDVWHEXLOGLQJURRIGUDLQVDQGVRPH
IORRUGUDLQVLQWKHWXUELQHEXLOGLQJVHUYLFHDUHDVDUHFROOHFWHGLQEUDQFKOLQHV
HPSWLHGWRKHDGHUVRUPDLQGUDLQOLQHVDQGGLVFKDUJHGWRWKHSODQWVWRUPGUDLQ
V\\VWHP
1RQUDGLRDFWLYHGUDLQVORFDWHGLQWKHORZHUEDVHPHQWOHYHORIWKHWXUELQHEXLOGLQJV
DUHFROOHFWHGLQEUDQFKOLQHVZKLFKHPSW\\LQWRDPDLQGUDLQOLQHDQGGLVFKDUJHWRWKH
QRQUDGLRDFWLYHZDWHUQRUPDOGUDLQVXPS7KLVZDVWHLVQRUPDOO\\SXPSHGLQWRWKH
SODQWLQWDNHED\\6RPHWLPHVGXULQJRXWDJHVWKLVZDVWHLVVHQWYLDWHPSRUDU\\OLQHV
WRWKHUHWHQWLRQSRQGVORFDWHGQHDUWKHLQWDNHVWUXFWXUHIRUWUHDWPHQWSULRUWRUHOHDVH
WRWKH0LVVLVVLSSL5LYHUDVDOORZHGE\\WKH01*3ZDWHUGLVFKDUJHSHUPLW
3HUIRUPDQFH$QDO\\VLV
'U\\ZHOO5DGLRDFWLYH'UDLQDJH6\\VWHP
$OORZDEOHOHDNDJHUDWHVRIFRRODQWIURPWKHUHDFWRUFRRODQWV\\VWHPKDYHEHHQEDVHG
RQWKHSUHGLFWHGDQGH[SHULPHQWDOO\\GHWHUPLQHGEHKDYLRURIFUDFNVLQSLSHVDQGRQ
WKHDELOLW\\WRPDNHXSFRRODQWV\\VWHPOHDNDJHLQWKHHYHQWRIORVVRIRIIVLWHDF
SRZHU7KHQRUPDOO\\H[SHFWHGEDFNJURXQGOHDNDJHGXHWRHTXLSPHQWGHVLJQDQG
WKHGHWHFWLRQFDSDELOLW\\IRUGHWHUPLQLQJFRRODQWV\\VWHPOHDNDJHZHUHDOVR
FRQVLGHUHGLQHVWDEOLVKLQJWKHOLPLWV7KHEHKDYLRURIFUDFNVLQSLSLQJV\\VWHPVKDV
EHHQH[SHULPHQWDOO\\DQGDQDO\\WLFDOO\\LQYHVWLJDWHGDVSDUWRIWKH8615&VSRQVRUHG
5HDFWRU3ULPDU\\&RRODQW6\\VWHP5XSWXUH6WXG\\ WKH3LSH5XSWXUH6WXG\\
5HIHUHQFH $QDO\\VLVXWLOL]LQJWKHGDWDREWDLQHGLQWKLVVWXG\\KDVVKRZQWKDW
WKHUHLVDKLJKSUREDELOLW\\WKDWDOHDNLQJFUDFNFDQEHGHWHFWHGEHIRUHLWJURZVWRD
GDQJHURXVRU³FULWLFDO'VL]H³&ULWLFDO'VL]HLVFRQVLGHUHGWREHWKHVL]HWKDWZRXOG
UHVXOWLQVHOISURSDJDWLRQDWWKHVWUHVVOHYHOH[LVWLQJ0HFKDQLFDOO\\RUWKHUPDOO\\
LQGXFHGF\\FOLFORDGLQJVWUHVVFRUURVLRQFUDFNLQJHDUWKTXDNHDQGQRUPDOYLEUDWLRQ
VWUHVVHVDUHFRQVLGHUHGLQWKHGHWHUPLQDWLRQRIWKHFULWLFDOFUDFNVL]H7KHFULWLFDO
FUDFNVL]HUHVXOWVLQZDWHUOHDNDJHRIDERXWJSP
,GHQWLILHGOHDNDJH HTXLSPHQWGUDLQVXPS RULJLQDWHVSUHGRPLQDQWO\\IURPSXPS
VHDOVDQGYDOYHSDFNLQJOHDNRIIV%DFNJURXQGOHDNDJHLVQRUPDOO\\WRJSP,WLV
HVWLPDWHGWKDWDGHWHFWLRQFDSDELOLW\\RIJSPLVDFKLHYDEOH7HVWVKDYHEHHQ
FRQGXFWHGZKLFKGHPRQVWUDWHWKDWDUHODWLRQVKLSH[LVWVEHWZHHQWKHVL]HRIDFUDFN
DQGWKHSUREDELOLW\\WKDWWKHFUDFNZLOOSURSDJDWH)URPWKHFUDFNVL]HDOHDNDJHUDWH
FDQEHGHWHUPLQHG)RUDFUDFNVL]HZKLFKJLYHVDOHDNDJHRIJSPWKHSUREDELOLW\\
RIUDSLGSURSDJDWLRQLVOHVVWKDQ7KXVDQXQLGHQWLILHGOHDNRIJSPZKHQ
DVVXPHGWREHIURPWKHSULPDU\\V\\VWHPKDGOHVVWKDQRQHFKDQFHLQRI
SURSDJDWLQJZKLFKSURYLGHVDGHTXDWHPDUJLQ
0HDVXUHPHQWRIWKHOHDNUDWHLQWRWKHVXPSLVFRQVLGHUHGWREHRIJUHDWHU
LPSRUWDQFHWRWKHRSHUDWRUWKDQWKHDFWXDOZDWHUOHYHOLQWKHVXPS$VGHVFULEHG
DERYHWKHVXPSILOOLQJUDWHLVPHDVXUHGE\\GHWHUPLQLQJWKHWLPHIRUWKHOHYHOWR
FKDQJHDIL[HGDPRXQW$QLQFUHDVHLQWKHILOOLQJUDWHFDXVHVDQDODUPLQWKHFRQWURO
URRP*URVVOHYHOPHDVXUHPHQWLVUHFRUGHGLQWKHFRQWUROURRPDQGFDQEHLQIHUUHG
E\\WKHFRQGLWLRQRIWKHYDULRXVFRQWUROVRSHUDWHGE\\WKHOHYHOVZLWFKHVVXFKDV
SXPSVRIILQWHUYDOWLPHUUXQQLQJRQHSXPSUXQQLQJDQGWZRSXPSVUXQQLQJ
0217,&(//283'$7('6$)(7<$1$/<6,65(3257
86$5
6(&7,21
3/$17$8;,/,$5<6<67(06
5HYLVLRQ
3DJHRI
)LQDOORFDOL]DWLRQRIOHDNVGHWHFWHGE\\WKHDERYHV\\VWHPZLOOLQDOOSUREDELOLW\\UHTXLUH
WKHSUHVHQFHRIRSHUDWRUVLQWKHGU\\ZHOO KRZHYHUVRPHORFDOL]DWLRQFDQEH
DFFRPSOLVKHGE\\WKHLQVWUXPHQWDWLRQDYDLODEOHDVIROORZV
/RFDODLUWHPSHUDWXUHPRQLWRUVDUHORFDWHGLQGLIIHUHQWTXDGUDQWVRIWKHGU\\ZHOO
&RPSDULVRQRIWHPSHUDWXUHVLQWKHTXDGUDQWVZLOOLQIHUVRXUFHVRIOHDNDJH
GHSHQGLQJRQHTXLSPHQWDQGPDMRUSLSHORFDWLRQV
/HDNRIIFROOHFWLRQOLQHVIURPWKHUHFLUFXODWLRQSXPSVHDOVDQGKHDGVHDODUH
LQVWUXPHQWHGZLWKIORZVZLWFKHVZKLFKLQGLFDWHLQWKHFRQWUROURRPZKHQWKHOHDNDJH
H[FHHGVWKHVZLWFKVHWSRLQW/HDNDJHLQWKHRWKHUOHDNRIIOLQHVFDQQRWEHUHPRWHO\\
LGHQWLILHG
- DWHUVDPSOLQJFDQEHXVHGWRGHWHUPLQHZKHWKHUOHDNDJHLVFRPLQJIURPWKH
UHDFWRUFORVHGFRROLQJZDWHUV\\VWHPVLQFHWKLVV\\VWHPFRQWDLQVFRUURVLRQLQKLELWRUV
ZKLFKDUHQRWLQWKHUHDFWRUFRRODQWORRS
$LUVDPSOLQJFDQEHXVHGWRGHWHUPLQHUDGLRDFWLYLW\\OHYHOVLQWKHFRQWDLQPHQWDLU
ZKLFKE\\LQIHUHQFHZLOOLQGLFDWHZKHWKHUWKHOHDNLVIURPWKHUHDFWRUFRRODQWV\\VWHP
5DGLRFKHPLFDODQDO\\VLVRIHLWKHUDLURUZDWHUVDPSOHVFDQEHXVHGWRHVWDEOLVK
ZKHWKHUDOHDNVRXUFHLVVWHDPRUUHDFWRUZDWHU
3RUWDEOHVRQLFDQGUDGLDWLRQLQVWUXPHQWVFDQDLGYLVXDOLQVSHFWLRQZKHQWKHGU\\ZHOO
EHFRPHVDFFHVVLEOH7KHORRVHSDUWVPRQLWRUPD\\DOVRSURYLGHLQIRUPDWLRQRQWKH
VRXUFHRIOHDNDJHSULRUWRHQWU\\
5HDFWRU%XLOGLQJ5DGZDVWH'UDLQDJH6\\VWHP
5HDFWRU%XLOGLQJIORRUGUDLQDQGHTXLSPHQWGUDLQVXPSVDUHSURYLGHGWRFROOHFWDQG
GLUHFWIORZWRWKHUDGZDVWHSURFHVVLQJV\\VWHP
- KHQWKHUHDFWRUEXLOGLQJHTXLSPHQWVXPSOHYHOLQFUHDVHVGXHWRDFFXPXODWHG
OHDNDJHWKHJSPVXPSSXPSZLOOVWDUWDQGGLVFKDUJHLWVFRQWHQWVWRWKHUHDFWRU
EXLOGLQJHTXLSPHQWGUDLQWDQN2YHUILOOLQJWKHHTXLSPHQWVXPSZLOOUHVXOWLQDKLJK
OHYHODODUPDQGRYHUIORZWRWKHDGMDFHQWIORRUGUDLQVXPS7KLVODWWHUVXPSKDVGXDO
JSPSXPSVZKLFKGLVFKDUJHWRWKHUHDFWRUEXLOGLQJIORRUGUDLQWDQN2YHUILOOLQJ
RIWKHIORRUGUDLQVXPSDOVRFDXVHVDKLJKOHYHODODUP
%RWKWKHUHDFWRUEXLOGLQJHTXLSPHQWGUDLQWDQNDQGIORRUGUDLQWDQNKDYHUHGXQGDQW
JSPFDSDFLW\\SXPSVWKDWGLVFKDUJHWRVHSDUDWHFROOHFWRUWDQNV7KHVHFROOHFWRU
WDQNVDUHLQWHJUDOFRPSRQHQWVRIWKHOLTXLGUDGZDVWHSURFHVVLQJV\\VWHP
(QJLQHHUHGVDIHJXDUG 5+5DQG&RUH6SUD\\ SXPSVDUHORFDWHGLQWKH6RXWKHDVW
DQG6RXWKZHVWFRUQHUURRPV(TXLSPHQWDQGIORRUGUDLQVIURPHDFKURRPDUH
GLUHFWHGWRWKHUHDFWRUEXLOGLQJHTXLSPHQWDQGIORRUGUDLQVXPSVUHVSHFWLYHO\\,Q
FDVHRIDQLQWHUQDOIORRGLQJHYHQWDIIHFWLQJWKH5+5DQG&RUH6SUD\\FRUQHUURRPV
WZRJSPVXPSSXPSVHDFKSRZHUHGIURPWKHVDPHHVVHQWLDOVZLWFKJHDU
GLYLVLRQDVWKHHTXLSPHQWLQWKDWURRPDUHLQVWDOOHGLQHDFKURRPDWIORRUOHYHO7KH
SXPSVGLVFKDUJHWRWKHWRUXVURRPDWDSSUR[LPDWHO\\WKHVDPHHOHYDWLRQDVQRUPDO
VXSSUHVVLRQSRROZDWHUOHYHO ,QDGGLWLRQWRWKHSXPSVHDFKURRPLV
HTXLSSHGZLWKDIORRGLQJDODUPWRLQIRUPFRQWUROURRPSHUVRQQHORILQFUHDVLQJZDWHU
OHYHOVLQWKHURRPV
0217,&(//283'$7('6$)(7<$1$/<6,65(3257
86$5
6(&7,21
3/$17$8;,/,$5<6<67(06
5HYLVLRQ
3DJHRI
10.3.7 3ODQW3URFHVV6DPSOLQJ6\\VWHP
'HVLJQ%DVLV
7KHGHVLJQREMHFWLYHVRIWKHSODQWSURFHVVVDPSOLQJDUHWR
D
0RQLWRUWKHRSHUDWLRQRISODQWHTXLSPHQW
E
3URYLGHLQIRUPDWLRQYLDORFDODQDO\\]HUVDQGGDWDDFTXLVLWLRQV\\VWHPVIRU
PDNLQJRSHUDWLRQDOGHFLVLRQV
F
0RQLWRUSODQWUDGLRDFWLYHHIIOXHQW
,QDOOFDVHVWKHSODQWSURFHVVVDPSOLQJV\\VWHPZLOO
D
2EWDLQUHSUHVHQWDWLYHVDPSOHVZKLFKSURYLGHVDPSOHIORZWRLQOLQH
LQVWUXPHQWDWLRQ5HSUHVHQWDWLYHVDPSOHVDUHDYDLODEOHIRUODERUDWRU\\DQDO\\VLV
E
0LQLPL]HWKHFRQWDPLQDWLRQDQGUDGLDWLRQHIIHFWVDWWKHVDPSOLQJVWDWLRQV
F
5HGXFHGHFD\\DQGVDPSOHOLQHSODWHRXWDVPXFKDVSRVVLEOH
'HVFULSWLRQ
6DPSOHVDUHWDNHQIURPWKHIROORZLQJVWUHDPVDWWKHLQGLFDWHGORFDWLRQLQ
7DEOH
3HUIRUPDQFH$QDO\\VLV
7KHTXDOLW\\DQGTXDQWLW\\RIVDPSOHVWDNHQIURPWKHSURFHVVV\\VWHPVSURYLGHV
VXIILFLHQWLQIRUPDWLRQWRWKHUHDFWRURSHUDWRUVDQGSODQWVWDIIWRHQDEOHWKHPWRPDNH
RSHUDWLRQDOGHFLVLRQVUHODWHGWRSODQWFKHPLVWU\\DQGPDWHULDOVHIIHFWLQJSODQW
SHUIRUPDQFH
,QVSHFWLRQDQG7HVWLQJ
$OOWKHSODQWVDPSOHVDUHWDNHQRQIUHTXHQWHQRXJKLQWHUYDOVWKDWIXUWKHUWHVWLQJRIWKH
V\\VWHPLVQRWUHTXLUHG
10.3.8 3ODQW&RPPXQLFDWLRQ6\\VWHP
'HVLJQ%DVLV
,QWHUQDODQGH[WHUQDOFRPPXQLFDWLRQZLOOEHHVWDEOLVKHGE\\WHOHSKRQHVDQG
ORXGVSHDNHUV7KHVHV\\VWHPVDUHGHVLJQHGWRSURYLGHFRQYHQLHQWHIIHFWLYH
RSHUDWLRQDOFRPPXQLFDWLRQVEHWZHHQYDULRXVSODQWEXLOGLQJVDQGORFDWLRQV
0217,&(//283'$7('6$)(7<$1$/<6,65(3257
86$5
6(&7,21
3/$17$8;,/,$5<6<67(06
5HYLVLRQ
3DJHRI
'HVFULSWLRQ
7KHSODQWFRPPXQLFDWLRQV\\VWHPXWLOL]HVKDQGVHWVDQGORXGVSHDNHUVWRSURYLGHIRU
SDJLQJDQGFRPPXQLFDWLRQVLQDOOLPSRUWDQWDUHDV7KHFRPPXQLFDWLRQVV\\VWHPFDQ
EHEURNHQGRZQLQWRWKHIROORZLQJWKUHHVXEV\\VWHPV
D
3DJLQJDQG(YDFXDWLRQ$ODUP6\\VWHP
7KLVSDJLQJV\\VWHPLVDWZRFKDQQHOV\\VWHPSHUPLWWLQJVLPXOWDQHRXV³SDJH'
DQG³SDUW\\OLQH'FKDQQHOXVDJH7KHSDJLQJV\\VWHPLQFOXGHVDVLUHQWRQH
JHQHUDWRUZKLFKFDQLQMHFWHPHUJHQF\\VLJQDOVLQWRWKHV\\VWHP,QDGGLWLRQD
PRWRUGULYHQVLUHQSURYLGHGRQWKHURRIRIWKHUHDFWRUEXLOGLQJFRYHUVWKH
RXWGRRUDUHDV%RWKWKHVLUHQWRQHJHQHUDWRUDQGRXWGRRUVLUHQFDQEH
LQWHUUXSWHGIURPWKHFRQWUROURRPWRDOORZDQQRXQFHPHQWVWREHPDGHRYHUWKH
3XEOLF$GGUHVVV\\VWHP7KHSDJLQJV\\VWHPLVQRUPDOO\\SRZHUHGIURPWKH
QRUPDOSODQW$&V\\VWHPZLWKEDFNXSSRZHUVXSSOLHGIURPWKHVWDWLRQEDWWHU\\
V\\VWHP3DJHUVDUHDYDLODEOHIRUVXSHUYLVRU\\SHUVRQQHOWRFRQWDFWSODQW
SHUVRQQHOZKHQWKH\\DUHLQVHFWLRQVRIWKHSODQWVLWHZKLFKDUHQRWQRUPDOO\\
FRYHUHGE\\WKHSDJLQJDQGWHOHSKRQHV\\VWHPV
E
6RXQG3RZHUHG7HOHSKRQH6\\VWHP
3RUWDEOHVRXQGSRZHUHGKDQGVHWVDUHSURYLGHGIRUDPDLQWHQDQFHV\\VWHP
6HYHUDOSKRQHMDFNVDUHORFDWHGDURXQGWKHSODQWWRSURYLGHUHDVRQDEO\\
XQLIRUPFRYHUDJHZLWKHPSKDVLVRQVSHFLILFDUHDVRISRWHQWLDOXVHIXOQHVV
F
,QWUD3ODQW&RPPXQLFDWLRQ6\\VWHP
7KHLQWUDSODQWFRPPXQLFDWLRQV\\VWHPLVDSULYDWHDXWRPDWLFH[FKDQJHV\\VWHP
G
(PHUJHQF\\&RPPXQLFDWLRQV
'XHWRORXGEDFNJURXQGQRLVHDQGWKHSRWHQWLDOIRUILUHGDPDJHWKHV\\VWHPV
GHVFULEHGLQDEDQGFDUHQRWDOZD\\VHIIHFWLYHIRUILUHILJKWLQJRSHUDWLRQ$Q
$&SRZHUHGUDGLRUHFHLYHUWUDQVPLWWHUFRQVROHLVSURYLGHGLQWKHFRQWUROURRP
+DQGKHOGUDGLRXQLWVVWRUHGLQWKHILUHEULJDGHURRPFDQSURYLGHUDGLR
FRPPXQLFDWLRQVEHWZHHQWKHFRQWUROURRPSHUVRQQHODQGWKHILUHEULJDGH7KH
KDQGKHOGXQLWVRSHUDWHLQGHSHQGHQWO\\IURPWKHFRQWUROURRPFRQVROHXQLWDQG
DUHQRWGLVDEOHGE\\DQ\\IDLOXUHVRIWKHFRQVROH
3HUIRUPDQFH$QDO\\VLV
7KHSODQWFRPPXQLFDWLRQV\\VWHPKDVDGHTXDWHIOH[LELOLW\\WRNHHSSODQWSHUVRQQHO
LQIRUPHGRIWKHSODQWRSHUDWLRQDOVWDWXVDWDOOWLPHV
,QVSHFWLRQDQG7HVWLQJ
7KHFRQWLQXDOXVDJHRIWKHSODQWFRPPXQLFDWLRQVV\\VWHPDVVXUHVWKHNQRZOHGJHRI
WKHFRPPXQLFDWLRQV\\VWHP¶VRSHUDELOLW\\VWDWXVWKHUHIRUHQRIXUWKHUWHVWLQJLV
QHFHVVDU\\)LUHEULJDGHKDQGVHWVDUHSHULRGLFDOO\\FKHFNHGWRHQVXUHWKHLU
RSHUDELOLW\\
0217,&(//283'$7('6$)(7<$1$/<6,65(3257
86$5
6(&7,21
3/$17$8;,/,$5<6<67(06
5HYLVLRQ
3DJHRI
10.3.9 3ODQW/LJKWLQJ6\\VWHP
'HVLJQ%DVLV
1RUPDODQGHPHUJHQF\\OLJKWLQJLVSURYLGHGIRUWKHSODQWZLWKSRZHUXWLOL]HGIURP
QRUPDOVRXUFHVZLWKEDFNXSIURPWKHVWDQGE\\GLHVHOSRZHUV\\VWHPRUWKHSODQW
EDWWHU\\V\\VWHP3RZHULVDYDLODEOHIRUFULWLFDODUHDVLQWKHEXLOGLQJ(PHUJHQF\\
OLJKWLQJLVSURYLGHGWRVXSSRUWRSHUDWRUDFWLRQVLQDFFRUGDQFHZLWKWKH0RQWLFHOOR
FRPSOLDQFHIRU&)5$SSHQGL[5DQG&)56WDWLRQ%ODFNRXW 6%2
'HVFULSWLRQ
1RUPDOOLJKWLQJHTXLSPHQWLVHQHUJL]HGIURPWKHSULPDU\\VWDWLRQDX[LOLDU\\WUDQVIRUPHU
53RUWLRQVRIWKHQRUPDOOLJKWLQJDUHDUUDQJHGIRUEDFNXSVXSSO\\IURPWKHVWDQGE\\
GLHVHOJHQHUDWRUV\\VWHP,QDGGLWLRQWRWKHQRUPDOSODQWOLJKWLQJWZRHPHUJHQF\\
OLJKWLQJV\\VWHPVSRZHUHGE\\EDWWHULHVDUHSURYLGHG7KHILUVWV\\VWHPFRQVLVWVRI
OLJKWVSRZHUHGE\\LQGLYLGXDOEDWWHULHVORFDWHGLQYDULRXVDUHDVWKURXJKRXWWKHVLWH
WKDWSURYLGHLOOXPLQDWLRQIRUVWDLUZD\\VDQGZDONZD\\V7KHVHFRQGV\\VWHPSRZHUHG
IURPDVWDWLRQEDWWHU\\SURYLGHVHPHUJHQF\\OLJKWLQJLQWKHFRQWUROURRPEDWWHU\\
URRPVFDEOHVSUHDGLQJURRPGLHVHOJHQHUDWRUEXLOGLQJDQGWKHZDONZD\\VDQGVWDLUV
EHWZHHQWKHGLHVHOJHQHUDWRUEXLOGLQJDQGWKHFRQWUROURRP
7ZRSRUWDEOHVHDOHGEHDPEDWWHU\\SRZHUHGKDQGOLJKWVDUHSURYLGHGLQWKHFRQWURO
URRPHPHUJHQF\\ORFNHUZLWKDQDGGLWLRQDORQHVWRUHGLQWKHVKLIWVXSHUYLVRU¶VORFNHU
)L[HGDQGSRUWDEOHOLJKWLQJXQLWVDUHSURYLGHGDVQHFHVVDU\\WRVXSSRUWILUHILJKWLQJ
DQGSRVWILUHVDIHVKXWGRZQDFWLYLWLHV6HOIFRQWDLQHGEDWWHULHVSRZHUWKHVHOLJKWLQJ
XQLWVSURYLGLQJDPLQLPXPKRXUFDSDFLW\\
3HUIRUPDQFH$QDO\\VLV
(VVHQWLDOO\\DOOSODQWDUHDVDUHOLJKWHGWRDQDGHTXDWHGHJUHHIURPWKDWSRUWLRQRIWKH
OLJKWLQJV\\VWHPZKLFKKDVGLHVHOSRZHUEDFNXS7KHDXWRPDWLFDOO\\HQHUJL]HG'&
V\\VWHPSURYLGHVLPPHGLDWHHPHUJHQF\\OLJKWLQJIRUWKHFRQWUROURRPDUHDVUHTXLUHG
IRUPDLQWHQDQFHRIVWDQGE\\$&HTXLSPHQWDQGDFFHVVURXWHVWRDQGIURPPDLQ
FRQWUROURRP
,QVSHFWLRQDQG7HVWLQJ
$OOFULWLFDOOLJKWLQJV\\VWHPVDUHLQVSHFWHGDQGWHVWHGSHULRGLFDOO\\WRDVVXUHWKHSURSHU
RSHUDWLRQRIDOODXWRPDWLFWUDQVIHUVZLWFKHV
10.3.103RVW$FFLGHQW6DPSOLQJ6\\VWHP
'HVLJQ%DVLV
7KH3RVW/2&$$FFLGHQW6DPSOLQJ6\\VWHP 3$66 FDQREWDLQKLJKO\\UDGLRDFWLYH
OLTXLGDQGJDVVDPSOHVIRUUDGLRORJLFDODQDO\\VLV7KHOLTXLGVDPSOHVDUH
UHSUHVHQWDWLYHRIOLTXLGVZLWKLQWKHUHDFWRUFRRODQWDQG5HVLGXDO+HDW5HPRYDO 5+5
6\\VWHP7KHJDVVDPSOHVDUHUHSUHVHQWDWLYHRIWKHDWPRVSKHUHZLWKLQWKHWRUXVDQG
3ULPDU\\&RQWDLQPHQW 5HIHUHQFH
0217,&(//283'$7('6$)(7<$1$/<6,65(3257
86$5
6(&7,21
3/$17$8;,/,$5<6<67(06
5HYLVLRQ
3DJHRI
5HTXLUHPHQWVIRUWKH3$6V\\VWHPZHUHUHPRYHGIURP7HFKQLFDO6SHFLILFDWLRQVSHU
/LFHQVH$PHQGPHQW 5HIHUHQFH $VSDUWRIWKH/LFHQVH$PHQGPHQW
DSSURYDO0RQWLFHOORPDGHWKHIROORZLQJFRPPLWPHQWV 5HIHUHQFH
D
'HYHORSFRQWLQJHQF\\SODQVIRUREWDLQLQJDQGDQDO\\]LQJKLJKO\\UDGLRDFWLYH
VDPSOHVIURPWKH5HDFWRU&RRODQW6\\VWHP 5&6 VXSSUHVVLRQSRRODQG
FRQWDLQPHQWDWPRVSKHUH7KHFRQWLQJHQF\\SODQVZLOOEHFRQWDLQHGLQWKHSODQW
WHFKQLFDOSURFHGXUHV
E
7KHFDSDELOLW\\IRUFODVVLI\\LQJIXHOGDPDJHHYHQWVDWWKH$OHUWOHYHOWKUHVKROGZLOO
EHHVWDEOLVKHGIRUWKH0RQWLFHOOR1XFOHDU*HQHUDWLQJ3ODQWDWUDGLRDFWLYLW\\
OHYHOVJUHDWHUWKDQ&LJPGRVHHTXLYDOHQWLRGLQH
F
'HYHORSDQ,VLWHVXUYH\\GHWHFWLRQFDSDELOLW\\IRUWKH0RQWLFHOOR1XFOHDU
- HQHUDWLQJ3ODQWLQFOXGLQJDQDELOLW\\WRDVVHVVUDGLRDFWLYHLRGLQHVUHOHDVHGWR
RIIVLWHHQYLURQVXVLQJHIIOXHQWPRQLWRULQJV\\VWHPVRUSRUWDEOHVDPSOLQJ
HTXLSPHQW7KHFDSDELOLW\\IRUPRQLWRULQJLRGLQHVLVPDLQWDLQHGLQWKH
HPHUJHQF\\SODQLPSOHPHQWLQJSURFHGXUHV
7KHVDPSOHVIRUWKHILUVWFRPPLWPHQWFDQEHREWDLQHGYLDORFDOJUDEVDPSOHVRUWKH
3$6V\\VWHPGHSHQGLQJRQGRVHUDWHV
'HVFULSWLRQ
7KH3$66VDPSOLQJIDFLOLWLHVFRQVLVWRIDOLTXLGDQGJDVVDPSOHVWDWLRQDSLSLQJ
VWDWLRQDQGDFRQWUROSDQHO7KHV\\VWHPLVGHVLJQHGWRPLQLPL]HH[SRVXUHE\\
PLQLPL]LQJWKHUHTXLUHGVDPSOHVL]HVWRRSWLPL]HWKHZHLJKWRIVKLHOGHGVDPSOH
FRQWDLQHUVLQRUGHUWRIDFLOLWDWHPRYHPHQWWKURXJKSRWHQWLDOO\\KLJKOHYHOUDGLDWLRQ
DUHDVDQGWRSURYLGHDGHTXDWHVKLHOGLQJDWWKHVDPSOHVWDWLRQDQGLQWKHODERUDWRU\\
*DV6DPSOHV
3URYLVLRQKDVEHHQPDGHWRREWDLQJDVVDPSOHVIURPERWKWKHGU\\ZHOODQG
VXSSUHVVLRQSRRODWPRVSKHUHV
/LTXLG6DPSOHV
$VDPSOHOLQHLVSURYLGHGWRREWDLQUHDFWRUFRRODQWVDPSOHVIURPWZRSRLQWVLQWKHMHW
SXPSSUHVVXUHLQVWUXPHQWV\\VWHPZKHQWKHUHDFWRULVDWSUHVVXUH$VLQJOHVDPSOH
OLQHLVDOVRFRQQHFWHGWRERWKORRSVLQWKH5+5V\\VWHP
3HUIRUPDQFH(YDOXDWLRQ
7LHLQVWRWKH5+5V\\VWHPKDYHEHHQVHLVPLFDOO\\HYDOXDWHGXSWRWKHILUVWLVRODWLRQ
YDOYH7KHHIIHFWRIWKHUPDOPRYHPHQWRI5+5SLSLQJRQWKHVDPSOHSLSLQJKDVEHHQ
HYDOXDWHGDQGDOOVWUHVVHVDQGORDGVDUHZLWKLQFRGHDOORZDEOHV7KHHIIHFWRQWKH
RULJLQDOG\\QDPLFVHLVPLFDQDO\\VLVRIWKHDGGLWLRQRIWKHVDPSOHWDSVWRWKHMHWSXPS
VDPSOHOLQHVKDVEHHQHYDOXDWHG/RDGVDQGVWUHVVHVDUHZLWKLQFRGHDOORZDEOHV
7KHSLSLQJV\\VWHPLVGHVLJQHGDQGFRQVWUXFWHGLQDFFRUGDQFHZLWK$16,%
(GLWLRQ 5HIHUHQFH ZLWK:LQWHU $GGHQGD
0217,&(//283'$7('6$)(7<$1$/<6,65(3257
86$5
6(&7,21
3/$17$8;,/,$5<6<67(06
5HYLVLRQ
3DJHRI
10.3.11&RQWURO5RRP%UHDWKLQJ$LU6\\VWHP
'HVLJQ%DVLV
,QWKHHYHQWRIDWR[LFJDVVSLOOD&RQWURO5RRP%UHDWKLQJ$LU6\\VWHPFDQEHXVHGWR
VXSSO\\XQFRQWDPLQDWHGDLUWR&RQWURO5RRPSHUVRQQHO7KLVV\\VWHPLVVL]HGWR
SURYLGHEUHDWKLQJDLUWRHLJKWLQGLYLGXDOVIRUWKUHHKRXUV&\\OLQGHUVRIFRPSUHVVHGDLU
FDQEHFKDQJHGRXWWRH[WHQGWKHWLPHWKDWSHUVRQQHOFDQUHO\\RQWKLVV\\VWHP/RZ
SUHVVXUHDODUPVSURYLGHQRWLILFDWLRQWKDWF\\OLQGHUUHSODFHPHQWVKRXOGEHLQLWLDWHG
'HVFULSWLRQ
7KH&RQWURO5RRP%UHDWKLQJ$LU6XSSO\\XWLOL]HVKLJKSUHVVXUHDLUF\\OLQGHUVORFDWHGLQ
DVHLVPLFDOO\\GHVLJQHGUDFNLQWKH+HDWLQJDQG9HQWLODWLQJHTXLSPHQWURRPDGMDFHQW
WRWKH&RQWURO5RRPWRVXSSO\\EUHDWKLQJDLUWRWZRGLVWULEXWLRQWUDLQVORFDWHGZLWKLQWKH
&RQWURO5RRP(DFKWUDLQFRQWDLQVDQLVRODWLRQYDOYHDSUHVVXUHUHJXODWRUD
SUHVVXUHJDXJHORZSUHVVXUHDODUPDQGDUHOLHIYDOYH%UHDWKLQJDLULVGHOLYHUHG
WKURXJKHDFKWUDLQWRDKRVHTXLFNGLVFRQQHFWDQGDTXLFNGLVFRQQHFWPDQLIROGIRUXVH
ZLWKWKHGXDOSXUSRVH6HOI&RQWDLQHG%UHDWKLQJ$SSDUDWXV 6&%$ ZRUQE\\&RQWURO
5RRPSHUVRQQHO7KHGXDOSXUSRVH6&%$VHQDEOHSHUVRQQHOWRFRQQHFWWRWKLVORZ
SUHVVXUHDLUVXSSO\\V\\VWHPWRH[WHQGWKHWLPHD6&%$PD\\EHZRUQ
,QVSHFWLRQDQG7HVWLQJ
3HULRGLFVXUYHLOODQFHLVSHUIRUPHGWRPDLQWDLQWKHV\\VWHPLQVWDQGE\\UHDGLQHVV
0217,&(//283'$7('6$)(7<$1$/<6,65(3257
86$5
6(&7,21
3/$17$8;,/,$5<6<67(06
5HYLVLRQ
3DJHRI
7DEOH3ODQW3URFHVV6DPSOLQJ6\\VWHP
/RFDWLRQVRI6DPSOLQJ3RLQWV
3DJHRI
'HVFULSWLRQ
/RFDWLRQV
3XUSRVH
5HDFWRU3ULPDU\\
5HFLUFXODWLRQ6\\VWHP
D0RQLWRU5HDFWRU:DWHU
&RRODQW:DWHU
3LSH
E3URYLGH,QIRUPDWLRQIRU,*6&&
2Q/LQH1REOH&KHP
5HFLUFXODWLRQ6\\VWHP
D0RQLWRU5HDFWRU:DWHU
0LWLJDWLRQ0RQLWRULQJ
3LSH
E3URYLGH,QIRUPDWLRQIRU,*6&&
6\\VWHP
5HDFWRU&OHDQXS'HPLQHUDOL]HU6\\VWHPDQG
)XHO3RRO&RROLQJDQG'HPLQHUDOL]HU6\\VWHP HDFK
5:&8'HPLQHUDOL]HU
)LOWHU,QOHW3LSH
0RQLWRU5HDFWRU:DWHU
)LOWHU,QIOXHQW
4XDOLW\\
'HPLQHUDOL]HU
)LOWHU2XWOHW3LSH
)LOWHU(IILFLHQF\\)LOWHU
)LOWHU(IIOXHQW
1XFOHDU6WHDP6XSSO\\6\\VWHP
0DLQ6WHDP/LQH
0DLQ6WHDP/LQH
6DPSOH/LQH&DSSHGDW6DPSOH
6DPSOH
6WDWLRQ&
6XSSUHVVLRQ3RRO
6XSSUHVVLQJ3RRO5H
0RQLWRU&RUURVLRQDQG
FLUFXODWLQJ3LSH
$FWLYLW\\
6WDQGE\\/LTXLG
5HFLUFXODWLRQ3LSH
%RUDWH&RQFHQWUDWLRQ
&RQWURO6\\VWHP
5HDFWRU&RROLQJ
+HDW([FKDQJHU
&KHFN&RUURVLRQ,QKL
- DWHU6\\VWHP
ELWRU&RQFHQWUDWLRQ
&RQGHQVDWH6\\VWHP
&RQGHQVDWH
&RQGHQVDWH3XPS
&RQGHQVDWH4XDOLW\\DQG
'LVFKDUJH
7XEH/HDNV
&RQGHQVDWH'HPLQHU
'HPLQHUDOL]H
&RQGHQVDWH4XDOLW\\
DOL]HU,QOHW
,QOHW3LSH
DQG7XEH/HDNV
&RQGHQVDWH'HPLQHU
'HPLQHUDOL]H2XWOHW
7UHDWHG&RQGHQVDWH
DOL]HU(IIOXHQW
3LSH &RPELQHGDQG
4XDOLW\\DQG'HPLQ3HUIRU
,QGLYLGXDO
PDQFH
0217,&(//283'$7('6$)(7<$1$/<6,65(3257
86$5
6(&7,21
3/$17$8;,/,$5<6<67(06
5HYLVLRQ
3DJH RI
7DEOH3ODQW3URFHVV6DPSOLQJ6\\VWHP
/RFDWLRQVRI6DPSOLQJ3RLQWV
3DJHRI
'HVFULSWLRQ
/RFDWLRQV
3XUSRVH
5HDFWRU)HHGZDWHU6\\VWHP
)HHGZDWHU+HDWHU
+DOIZD\\LQ+HDWHU
7UDLQ)HHG3LSLQJ
6DPSOH/LQH&DSSHGDW
6DPSOH6WDWLRQ&
5HDFWRU)HHGZDWHU
$IWHU/DVW+HDWHU
- DWHU$QDO\\VHV6\\VWHP
5HDFWRU%XLOGLQJ&ORVHG&RROLQJ:DWHU6\\VWHP
&RROLQJ:DWHU
6DPSOH
2XWOHWRI(DFK0DMRU
+HDW([FKDQJHU
'HWHUPLQH/RFDWLRQVRI
+HDW([FKDQJHU/HDNV
&RROLQJ:DWHU
6DPSOH
3XPS'LVFKDUJH
&KHFN&RUURVLRQ,QKLEL
WRU&RQFHQWUDWLRQ
0DLQ&RQGHQVHU&LUFXODWLQJ:DWHU6\\VWHP
,QIOXHQW
&ORVHG&RROLQJ:DWHU
+HDW([FKDQJHULQOHW
RU&LUFXODWLQJ:DWHU
3XPS'LVFKDUJH
'HWHUPLQH%DFNJURXQG
(IIOXHQW
'LVFKDUJH&DQDO
0RQLWRU3ODQW$FWLYLW\\
5HOHDVH
/LTXLG5DGZDVWH6\\VWHP
- DVWH6XUJH7DQN
3XPS'LVFKDUJH
3URFHVV'DWD
- DVWH&ROOHFWRU
7DQN
3XPS'LVFKDUJH
3URFHVV'DWD
)ORRU'UDLQ&ROOHF
WRUWDQN
3XPS'LVFKDUJH
3URFHVV'DWD
/DXQGU\\'UDLQ7DQNV
3XPS'LVFKDUJH
,QDFWLYHVLQFHODXQGU\\
GUDLQZDWHUURXWHGWR
FKHPLFDOZDVWHWDQN
- DVWH6DPSOH7DQN
3XPS'LVFKDUJH
'LVFKDUJH6XLWDELOLW\\
)ORRU'UDLQ6DPSOH
7DQN
3XPS'LVFKDUJH
'LVFKDUJH6XLWDELOLW\\
5DGZDVWH)LOWHU
'HPLQHUDOL]HU
2XWOHW3LSH
)LOWHU(IILFLHQF\\
0217,&(//283'$7('6$)(7<$1$/<6,65(3257
86$5
6(&7,21
3/$17$8;,/,$5<6<67(06
5HYLVLRQ
3DJHRI
7DEOH3ODQW3URFHVV6DPSOLQJ6\\VWHP
/RFDWLRQVRI6DPSOLQJ3RLQWV
3DJHRI
'HVFULSWLRQ
/RFDWLRQV
3XUSRVH
3ODQW0DNHXS:DWHU7UHDWPHQW6\\VWHP
0L[HG%HG'HPLQHU
2XWOHW3LSH
'HPLQHUDOL]HU(IIL
DOL]HU(IIOXHQW
FLHQF\\
5DZ:DWHU6DPSOH
,QOHW3LSH
3URFHVV'DWD
)LOWHU(IIOXHQW
2XWOHW3LSH
3URFHVV'DWD
'HPLQHUDOL]HU:DWHU
3XPS'LVFKDUJH
- DWHU4XDOLW\\
6WRUDJH7DQN
&RQGHQVDWH6WRUDJH
2XWOHW3LSH
- DWHU4XDOLW\\
7DQN
6SHFLDO6DPSOHV
3UHFRDW6DPSOH
3UHFRDW7UDQVIHU/LQH
7HVW5HVLQ0L[LQJ
3ODQW2IIJDV6\\VWHP
$LU(MHFWRU6DPSOHV
$IWHU$LU(MHFWRUV
$FWLYLW\\5HOHDVH+
DQG$LU/HDNDJH
2II*DV)LOWHU
,QOHWDQG2XWOHW
'HWHUPLQH)LOWHU
6DPSOHV
(IILFLHQF\\
6WDFN6DPSOH
0DLQ6WDFN
3DUWLFOHDQG,RGLQH
5HOHDVH
9HQWLODWLRQ
)DQ'LVFKDUJH
$FWLYLW\\5HOHDVH
0217,&(//283'$7('6$)(7<$1$/<6,65(3257
86$5
6(&7,21
3/$17$8;,/,$5<6<67(06
5HYLVLRQ
3DJHRI
10.4 3ODQW&RROLQJ6\\VWHP
10.4.1 3ODQW6HUYLFH:DWHU6\\VWHP
'HVLJQ%DVLV
7KH3ODQW6HUYLFH:DWHU6\\VWHPVXSSOLHVZDWHUWRWKH5HDFWRUDQG7XUELQH%XLOGLQJV
IRUFRROLQJ,QWHUWLHVDUHSURYLGHGWRSHUPLWWKHXVHRIWKLVZDWHUDVDVWDQGE\\FRRODQW
VXSSO\\DQGDQDGGLWLRQDOVRXUFHRIFRROLQJZDWHUIRUWKH(&&6URRPDLUFRROHUVDQG
WKH(&&6SXPSPRWRUV:KHQXVHGDVDVWDQGE\\FRRODQWVXSSO\\WKLVV\\VWHP
SURYLGHVDQLQH[KDXVWLEOHVXSSO\\RIVFUHHQHGULYHUZDWHUGLUHFWO\\WRWKHPDLQ
FRQGHQVHUKRWZHOOIRULQMHFWLRQLQWRWKHUHDFWRUV\\VWHPE\\WKH)HHGZDWHU6\\VWHP
'HVFULSWLRQ
7KH3ODQW6HUYLFH:DWHU6\\VWHPFRQVLVWVRIWKUHHRQHKDOIFDSDFLW\\YHUWLFDOZHWSLW
VHUYLFHZDWHUSXPSVORFDWHGLQWKH,QWDNH6WUXFWXUH$QDXWRPDWLFVHOIFOHDQLQJ
VWUDLQHULVSURYLGHGLQWKHGLVFKDUJHOLQHWRUHPRYHVXVSHQGHGPDWWHUIURPWKHULYHU
ZDWHU7KLVV\\VWHPVXSSOLHVVWUDLQHGZDWHUWRWKH5HDFWRUDQG7XUELQH%XLOGLQJWR
PHHWQRUPDOVWDUWXSDQGVKXWGRZQUHTXLUHPHQWV'UDZLQJV1+DQG
1+6HFWLRQVKRZVWKHSODQW6HUYLFH:DWHU6\\VWHP3 ,'
7KH0LVVLVVLSSL5LYHUVHUYHVDVWKHXOWLPDWHKHDWVLQNIRUWKHSODQW7KHULYHUKDV
VXIILFLHQWFDSDFLW\\WRPHHWWKHIORZUHTXLUHPHQWVRIWKHVDIHW\\UHODWHGVHUYLFHZDWHU
V\\VWHPVDWDWHPSHUDWXUHRI )RUOHVV 5HIHUHQFHVDQG 6HUYLFH:DWHU
WHPSHUDWXUHIRUFRQWDLQPHQWDQDO\\VLVLVGLVFXVVHGLQ6HFWLRQ
7KHSODQW6HUYLFH:DWHU6\\VWHPVXSSOLHVFRROLQJZDWHUIRUWKHSODQWPDLQJHQHUDWRU
5HDFWRUDQG7XUELQH%XLOGLQJDLUFRQGLWLRQLQJXQLWVWXUELQHOXEHRLOFRROHUV5HDFWRU
%XLOGLQJ&ORVHG&RROLQJ:DWHU6\\VWHPKHDWH[FKDQJHUVYDULRXVSODQW
PRWRUJHQHUDWRUVHWVUHDFWRU)HHGZDWHU6\\VWHPSXPSVDQGWKH&RQGHQVDWH3XPS
0RWRUEHDULQJV
6HUYLFHZDWHUSXPSVSURYLGHQRUPDOSODQWVWDUWXSDQGVKXWGRZQUHTXLUHPHQWV7KH
SXPSVDUHFRQWUROOHGVRWKDWLIWKHRSHUDWLQJSXPSVFDQQRWPDLQWDLQWKHUHTXLUHG
V\\VWHPSUHVVXUHWKHVWDQGE\\SXPSZLOOVWDUWDXWRPDWLFDOO\\
7KHVWDQGE\\FRRODQWVXSSO\\V\\VWHPFRQVLVWVRIDQLQFKLQWHUFRQQHFWLQJSLSH
EHWZHHQWKHSODQW6HUYLFH:DWHU6\\VWHPDQGWKHFRQGHQVHUKRWZHOODVVRFLDWHG
YDOYHVDQGLQVWUXPHQWDWLRQ7KLVV\\VWHPSURYLGHVFDSDELOLW\\RIDGGLQJULYHUZDWHUWR
WKHKRWZHOO'RXEOHYDOYHVDUHXVHGLQWKHLQWHUFRQQHFWLQJSLSLQJWRSURYLGHWKH
FDSDELOLW\\IRUWHVWLQJWRDVVXUHWKDWULYHUZDWHUGRHVQRWOHDNLQWRWKHFRQGHQVDWH
7KHYDOYHVIRUWKHVWDQGE\\FRRODQWV\\VWHPDUHPDQXDOO\\RSHUDWHGLQWKH7XUELQH
%XLOGLQJ%RWKYDOYHVDUHSURYLGHGZLWKSRVLWLRQVZLWFKHVZKLFKFDXVHDQDODUPLQWKH
&RQWURO5RRPLIHLWKHUYDOYHLVPRYHGIURPWKHIXOO\\FORVHGSRVLWLRQ
0217,&(//283'$7('6$)(7<$1$/<6,65(3257
86$5
6(&7,21
3/$17$8;,/,$5<6<67(06
5HYLVLRQ
3DJHRI
7ZREUDQFKOLQHVIURPWKHSODQW6HUYLFH:DWHU 6: 6\\VWHPWLHLQWRWKH(PHUJHQF\\
)LOWUDWLRQ(PHUJHQF\\6HUYLFH:DWHU ()7(6: 6\\VWHPWRSURYLGHDEDFNXSZDWHU
VXSSO\\IRUWKHFRQWUROURRPDLUFRQGLWLRQLQJXQLWVDVZHOODVIRUWKH(&&6V\\VWHP
URRPFRROHUVDQGWKH(&&6SXPSPRWRUV*DWHYDOYHVDUHLQVWDOOHGLQWKH
()7(6:6:LQWHUIDFHSLSLQJWRDOORZOHDNWHVWLQJRIWKH()7(6:6:FURVVWLH
FKHFNYDOYHVZLWKRXWUHPRYLQJWKH()7(6:V\\VWHPIURPVHUYLFH$GGLWLRQDOEUDQFK
OLQHVIURPWKHSODQW6HUYLFH:DWHU6\\VWHPSURYLGHEDFNXSZDWHUVXSSO\\WRHDFK
(PHUJHQF\\'LHVHO*HQHUDWRU(PHUJHQF\\6HUYLFH:DWHU ('*(6: OLQH7KH
('*(6:6:LQWHUIDFHLVE\\DQRUPDOO\\FORVHGJDWHYDOYHRQHLQHDFKEUDQFK
7KHLQWDNHED\\VDUHWUHDWHGZLWKFKORULQHEURPLQHRQDGDLO\\EDVLVWRFRQWURO
PDFURELRORJLFDOIRXOLQJ 5HIHUHQFHVDQG 'LUHFWLQMHFWLRQRIVRGLXP
K\\SRFKORULWHDQGVRGLXPEURPLGHLQWRWKH6:SXPSGLVFKDUJHSLSLQJXSVWUHDPRIWKH
DXWRPDWLFVWUDLQHULVDOVRXVHGRQDGDLO\\EDVLVWRFRQWUROV\\VWHPIRXOLQJ
3HUIRUPDQFH$QDO\\VLV
7KHSODQW6HUYLFH:DWHU6\\VWHPLVGHVLJQHGWRVXSSO\\ZDWHUWR5HDFWRU%XLOGLQJ()7
%XLOGLQJDQG7XUELQH%XLOGLQJHTXLSPHQWGXULQJQRUPDORSHUDWLRQ7KHWKUHHSXPSV
VXSSOLHGSURYLGHH[FHVVFDSDFLW\\VRWKDWQRUPDORSHUDWLRQUHTXLUHVRQO\\WZR
SXPSV7KHWKLUGSXPSLVDYDLODEOHIRUVWDQGE\\RSHUDWLRQDQGVWDUWVWRPDLQWDLQ
V\\VWHPSUHVVXUH$OOWKUHHVHUYLFHZDWHUSXPSVDUHW\\SLFDOO\\RSHUDWHGWRSURYLGH
LQFUHDVHGVHUYLFHZDWHUFDSDFLW\\LQWKHVXPPHU
7KHLQFKLQWHUWLHWRWKHFRQGHQVHUSURYLGHVDODUJHFDSDFLW\\ZDWHUVRXUFHIRU
LQMHFWLRQLQWRWKHUHDFWRUE\\WKH)HHGZDWHU6\\VWHP7KLVV\\VWHPFRXOGEHXVHGWR
IORRGWKHHQWLUHFRQWDLQPHQWYHVVHOWRDZDWHUOHYHODERYHWKHUHDFWRUFRUHDQGLVDQ
XOWLPDWHDVVXUDQFHWKDWFRUHFRROLQJFDQEHPDLQWDLQHG7KHIORRGLQJIHDWXUH
SURYLGHVDPHDQVWRDFKLHYHSRVWDFFLGHQWUHFRYHU\\XQGHUFRQGLWLRQVWKDWSUHYHQW
QRUPDOILOOLQJRIWKHUHDFWRUYHVVHO7KLVIORRGLQJIHDWXUHLVGHSHQGHQWRQ)HHGZDWHU
DQGVHUYLFHZDWHUSXPSVQRWQRUPDOO\\SRZHUHGIURPGLHVHOJHQHUDWRUSRZHUVRXUFHV
+RZHYHUWZRRIWKHVHUYLFHZDWHUSXPSVFRXOGEHHOHFWULFDOO\\FURVVWLHGWRGLHVHO
JHQHUDWRUSRZHUVRXUFHV
7KHSODQW6HUYLFH:DWHU6\\VWHPLVQRWUHTXLUHGGXULQJRULPPHGLDWHO\\VXEVHTXHQWWR
DGHVLJQEDVLVDFFLGHQWDQGLVWKHUHIRUHQRWVDIHW\\UHODWHG
,QVSHFWLRQDQG7HVWLQJ
6LQFHWKH6HUYLFH:DWHU6\\VWHPLVRSHUDWLYHDWDOOWLPHVQRSHULRGLFWHVWLQJLV
UHTXLUHG/HDNFKHFNLQJRIWKHYDOYHVLQWKHVHUYLFHZDWHUWRFRQGHQVHUFRRODQW
LQWHUWLHLVSHUIRUPHGE\\URXWLQHO\\FKHFNLQJWKHQRUPDOO\\RSHQWHOOWDOHGUDLQYDOYH
EHWZHHQWKHWZRPDLQYDOYHV
7KHLQWDNHED\\VDUHYLVXDOO\\LQVSHFWHGHDFKUHIXHOLQJRXWDJHIRUH[FHVVLYHELRIRXOLQJ
VHGLPHQWDQGFRUURVLRQ:DWHUDQGVXEVWUDWHVDPSOHVDUHWHVWHGRQDQDQQXDOEDVLV
IRU$VLDWLF&ODPV=HEUD0XVVHOVDQGRYHUO\\SUROLILFVSHFLHV 5HIHUHQFHVDQG
0217,&(//283'$7('6$)(7<$1$/<6,65(3257
86$5
6(&7,21
3/$17$8;,/,$5<6<67(06
5HYLVLRQ
3DJHRI
10.4.2 5HVLGXDO+HDW5HPRYDO6\\VWHP6HUYLFH:DWHU6\\VWHP
'HVLJQ%DVLV
7KHGHVLJQREMHFWLYHRIWKH5HVLGXDO+HDW5HPRYDO6HUYLFH:DWHU6\\VWHPLVWR
UHPRYHWKHKHDWUHMHFWHGE\\WKHUHVLGXDOKHDWUHPRYDOV\\VWHPGXULQJQRUPDO
VKXWGRZQDQGDFFLGHQWRSHUDWLRQV,QDGGLWLRQWKLVV\\VWHPSURYLGHVDVRXUFHRIZDWHU
IRUWKH5+55+56HUYLFH:DWHULQWHUWLH
$QDQDO\\VLVKDVEHHQSHUIRUPHGWRYHULI\\WKHVDIHW\\UHODWHGSRUWLRQVRIWKHV\\VWHPDUH
QRWYXOQHUDEOHWRDVLQJOHDFWLYHIDLOXUH 5HIHUHQFHVDQG
'HVFULSWLRQ
7KH5+56HUYLFH:DWHU6\\VWHPFRQVLVWVRIIRXUSXPSVJURXSHGLQWRWZRVHWVRIWZR
SXPSV(DFKSXPSLVFDSDEOHRISURYLGLQJDVWUDLQHGZDWHUVXSSO\\DWWKHGHVLJQIORZ
UDWHWRLWVDVVRFLDWHG5HVLGXDO+HDW5HPRYDO6\\VWHPKHDWH[FKDQJHUDQG
FRQVHTXHQWO\\FDQDEVRUEWKHKHDWORDGIRUDQ\\GHVLJQEDVLVORVVRIFRRODQWDFFLGHQW
VLWXDWLRQ(DFKVHWRISXPSVLVLQGLYLGXDOO\\SLSHGWRLWVDVVRFLDWHGKHDWH[FKDQJHU
UHVXOWLQJLQWZRVHJUHJDWHGV\\VWHPV
%RWK5HVLGXDO+HDW5HPRYDO6HUYLFH:DWHUORRSVFRQWDLQDVLQJOHLQOLQHEDVNHW
VWUDLQHUDQGDQXQVWUDLQHGE\\SDVVOLQH)RUERWKORRSVWKHE\\SDVVOLQHPD\\EH
SODFHGLQRSHUDWLRQE\\RSHQLQJWKHYDOYHLQWKHE\\SDVVOLQHDOORZLQJIORZLQSDUDOOHO
ZLWKIORZWKURXJKWKHVWUDLQHUORRS7KLVSURYLGHVVFUHHQHGULYHUZDWHUVXSSOLHGE\\
WKHWUDYHOLQJVFUHHQWRWKH5HVLGXDO+HDW5HPRYDO6\\VWHPKHDWH[FKDQJHUDV
GHVFULEHGLQ6HFWLRQ
$FURVVWLHOLQHLVLQVWDOOHGEHWZHHQWKHWZRV\\VWHPV7KLVDOORZVERWKV\\VWHPVWREH
SUHVVXUL]HGE\\RQH5+56:SXPS7KH5+56HUYLFH:DWHU6\\VWHP3 ,'LVVKRZQ
LQ6HFWLRQ'UDZLQJ1+2WKHUFRPSRQHQWVRIWKH5+56\\VWHPDUHVKRZQ
RQWKH3 ,'RI6HFWLRQ'UDZLQJV1+DQG1+
7KH5+55+56HUYLFH:DWHULQWHUWLHLVVKRZQRQ'UDZLQJV1+DQG
1+,WFRQVLVWVRIWZRPDQXDOO\\RSHUDWHGYDOYHVDQGDFKHFNYDOYHLQVHULHV
EHWZHHQDQ5+56HUYLFH:DWHUOLQHDQGDQ5+5KHDWH[FKDQJHUGLVFKDUJHOLQH7KH
PDQXDOYDOYHVDUHORFDWHGLQWKH7XUELQH%XLOGLQJDQGDUHDFFHVVLEOHGXULQJUHDFWRU
RSHUDWLQJDQGHPHUJHQF\\FRQGLWLRQV
6LQFHDFWXDWLRQRIWKHV\\VWHPLVE\\RSHUDWRUDFWLRQWKHLQVWUXPHQWDWLRQDQGFRQWUROV
UHTXLUHGLVPLQLPL]HG7KHUHTXLUHGLQLWLDWLRQWLPHLVGLVFXVVHGLQ6HFWLRQ
7KHLQVWUXPHQWDWLRQFRQVLVWVRIIORZPHDVXUHPHQWVWRWKH5+5KHDWH[FKDQJHUV
GLIIHUHQWLDOSUHVVXUHFRQWUROEHWZHHQWKHSURFHVVIOXLGDQGFRROLQJZDWHUDQGD
VFLQWLOODWLRQW\\SHUDGLDWLRQGHWHFWRURQWKHRXWOHWZDWHU
0217,&(//283'$7('6$)(7<$1$/<6,65(3257
86$5
6(&7,21
3/$17$8;,/,$5<6<67(06
5HYLVLRQ
3DJHRI
3HUIRUPDQFH$QDO\\VLV
(LWKHURIWKHWZRSK\\VLFDOO\\VHSDUDWHGSRUWLRQV ORRSV RIWKH5HVLGXDO+HDW5HPRYDO
6HUYLFH:DWHU6\\VWHPLVFDSDEOHRISURYLGLQJDKHDWVLQNIRUWKHGHVLJQEDVLV
ORVVRIFRRODQWDFFLGHQWVLWXDWLRQDQGWKHUHDFWRUVKXWGRZQFRROLQJV\\VWHP
$QXQVWUDLQHGE\\SDVVOLQHLVDYDLODEOHWRSODFHLQWRRSHUDWLRQZKHQKLJKGLIIHUHQWLDO
SUHVVXUHLQGLFDWLRQDFURVVWKHEDVNHWVWUDLQHULVUHFHLYHG'XULQJWKHOLPLWHGSHULRGV
RIWLPHZKHQWKHE\\SDVVOLQHPD\\EHLQRSHUDWLRQWKHPHVKVL]HRIWKHWUDYHOLQJ
VFUHHQVDGHTXDWHO\\SUHYHQWVWKHHQWUDQFHRISDUWLFOHVODUJHHQRXJKWRFORJWKH
UHVLGXDOKHDWUHPRYDOKHDWH[FKDQJHUWXEHV 6HH(QJLQHHULQJ(YDOXDWLRQ
5HIHUHQFH 7KHVWUDLQHUSURYLGHVWKHDGGHGEHQHILWRIUHPRYLQJGHEULVWKDWPD\\
JHWSDVWWKHVFUHHQVZKLFKZRXOGRWKHUZLVHEHWUDQVSRUWHGLQWRDQGWKURXJKWKH
5HVLGXDO+HDW5HPRYDOKHDWH[FKDQJHUWXEHV7KH5HVLGXDO+HDW5HPRYDO6HUYLFH
- DWHUV\\VWHPVDIHW\\IXQFWLRQWRVXSSO\\ZDWHUWRWKH5HVLGXDO+HDW5HPRYDOKHDW
H[FKDQJHUVIRUFRPSRQHQWFRROLQJLVPDLQWDLQHGZKHQRSHUDWLQJLQE\\SDVV
,QWKHHYHQWRIORVVRIQRUPDO$&SRZHUSRZHUIRUERWKVHWVRISXPSVFDQEH
VXSSOLHGIURPWKH(PHUJHQF\\'LHVHO*HQHUDWRUV
3URYLVLRQVKDYHEHHQPDGHWRSHUPLWLQMHFWLRQRIVFUHHQHGULYHUZDWHULQWRWKHFRUH
WKURXJKWKH5+55+56HUYLFH:DWHU6\\VWHPLQWHUWLH,WZDVDVVXPHGWKDWWKLV
V\\VWHPZRXOGEHXVHGDIWHUWKHFRUHKDGEHHQUHIORRGHGE\\WKH&RUH6SUD\\DQGRU
WKH/3&,6\\VWHPV7KHJSPFDSDFLW\\SURYLGHVH[FHVVZDWHURYHUWKDWUHTXLUHG
WRPDNHXSIRUOHDNDJHIURPWKHFRUHVKURXGDQGERLORIIGXHWRGHFD\\KHDW9DOYHVLQ
WKHV\\VWHPDUHPDQXDOO\\RSHUDWHGDQGWKHSXPSSRZHUFDQEHVXSSOLHGIURPDQ
('*7KHV\\VWHPLVWKHUHIRUHLQGHSHQGHQWRIRIIVLWHSRZHU
7KHLQVWUXPHQWDWLRQGHVFULEHGLQVXEVHFWLRQIDOOVLQWRWZRFDWHJRULHVWKDW
UHTXLUHGIRUV\\VWHPHYDOXDWLRQRUWHVWRSHUDWLRQDQGWKDWUHTXLUHGZKHQWKH5+5
6\\VWHPLVRSHUDWHGLQWKH6KXWGRZQ&RROLQJPRGH7KHIORZPHDVXUHPHQWDQG
WHPSHUDWXUHPHDVXUHPHQWVDUHSULPDULO\\XVHGWRHYDOXDWHV\\VWHPDQGHTXLSPHQW
SHUIRUPDQFHDQGFRQVHTXHQWO\\GRQRWSHUIRUPDQ\\VDIHW\\UHODWHGIXQFWLRQ
- KHQDQ5+56:SXPSLVRSHUDWLQJGLIIHUHQWLDOSUHVVXUHFRQWUROLVXVHGWRPDLQWDLQ
DKLJKHUSUHVVXUHRQWKHVHUYLFHZDWHUVLGHRIWKH5+5KHDWH[FKDQJHUWKDQWKH
SURFHVVIOXLGSUHVVXUH7KXVLIWKHUHZHUHDOHDNLQWKH5+5KHDWH[FKDQJHUWKH
UHDFWRUZDWHUZRXOGQRWEHDEOHWRIORZLQWRWKH5+56HUYLFH:DWHU6\\VWHPV:KHQ
WKH5+56\\VWHPLVXVHGLQWKHVKXWGRZQFRROLQJPRGHUDGLDWLRQUHOHDVHOLPLWVRI
&)5ZRXOGDSSO\\7KH5+56HUYLFH:DWHUIORZWRWKHGLVFKDUJHFDQDOLV
PRQLWRUHGE\\DVFLQWLOODWLRQW\\SHPRQLWRUZKLFKZRXOGDODUPSULRUWRUHDFKLQJ
&)5OLPLWV
7KHGLIIHUHQWLDOSUHVVXUHFRQWUROYDOYHVROHQRLGLVLQWHUORFNHGZLWKWKH5+5VHUYLFH
ZDWHUSXPSVVXFKWKDWWKHVROHQRLGLVHQHUJL]HGRQO\\ZKHQDSXPSLVLQVHUYLFH
7KHVHYDOYHVDUHFORVHGGXULQJQRUPDOSODQWRSHUDWLRQ 5+56HUYLFH:DWHU6\\VWHP
QRWLQVHUYLFH ,QWKHHYHQWRID'%$ ZLWKORVVRIRIIVLWHSRZHU YDOYHVFDQEH
RSHQHGZKHQWKHRSHUDWRULQLWLDWHVWKHFRQWDLQPHQWFRROLQJPRGHRI5+5RSHUDWLRQ
DIWHUWKHDFFLGHQWLVFRQWDLQHGVLQFHWKHV\\VWHPLVVXSSOLHGZLWKDVRXUFHRIDLUYLD
WKH5+5DX[LOLDU\\DLUFRPSUHVVRUV&RQVHTXHQWO\\SRZHUIDLOXUHGRHVQRWSUHYHQWWKH
RSHUDWRUIURPHVWDEOLVKLQJFRRODQWIORZWRWKH5+5KHDWH[FKDQJHUV
0217,&(//283'$7('6$)(7<$1$/<6,65(3257
86$5
6(&7,21
3/$17$8;,/,$5<6<67(06
5HYLVLRQ
3DJHRI
7KHUDGLDWLRQPRQLWRUGHVFULEHGDERYHUHFHLYHVLWVSRZHUVXSSO\\IURPWKHSODQW¶V
9GFEDWWHULHVDQGFRQVHTXHQWO\\LVLQVHUYLFHIROORZLQJWKH'%$
,QVSHFWLRQDQG7HVWLQJ
7KH5+56HUYLFH:DWHU6\\VWHPSXPSVDUHWHVWHGSHULRGLFDOO\\RQDVFKHGXOHGEDVLV
DQGLQDGGLWLRQDUHXVHGGXULQJUHIXHOLQJDQGQRUPDOVKXWGRZQ7KHOHDNWLJKWQHVVRI
WKHYDOYHVLQWKHLQWHUWLHLVYHULILHGE\\URXWLQHO\\FKHFNLQJWKHQRUPDOO\\RSHQWHOOWDOH
YDOYHEHWZHHQWKHWZRPDLQYDOYHV
)XOOIORZWHVWLQJRIWKH5+56HUYLFH:DWHU6\\VWHPLVSHUIRUPHGRQDTXDUWHUO\\EDVLV
WRYHULI\\QRGHJUDGDWLRQGXHWRIORZEORFNDJH
6\\VWHPKHDWH[FKDQJHUVDUHSHULRGLFDOO\\WHVWHGIRURYHUDOOKHDWWUDQVIHUFDSDELOLW\\$
SHULRGLFQRQGHVWUXFWLYHH[DPLQDWLRQSURJUDPZDVHVWDEOLVKHGWRLQVSHFW
VDIHW\\UHODWHGSLSLQJDQGKHDWH[FKDQJHUVDWNQRZQRUVXVSHFWHGKLJKFRUURVLRQ
ELRIRXOLQJRUVLOWEXLOGXSDUHDV7KLVSURJUDPLVVXSSOHPHQWHGE\\YLVXDOLQVSHFWLRQV
RIRSHQHGSLSLQJDQGKHDWH[FKDQJHUVZKHQHYHUSRVVLEOH 5HIHUHQFHVDQG
10.4.3 5HDFWRU%XLOGLQJ&ORVHG&RROLQJ:DWHU6\\VWHP
'HVLJQ%DVLV
7KH5HDFWRU%XLOGLQJ&ORVHG&RROLQJ:DWHU6\\VWHPLVGHVLJQHGWRUHPRYHKHDWIURP
WKHUHDFWRUDX[LOLDU\\V\\VWHPVHTXLSPHQWDQGWKHLUDFFHVVRULHV
'HVFULSWLRQ
7KH5HDFWRU%XLOGLQJ&ORVHG&RROLQJ:DWHU6\\VWHP3 ,'LVVKRZQLQ6HFWLRQ
'UDZLQJV1+DQG1+7KH5HDFWRU%XLOGLQJ&ORVHG&RROLQJ:DWHU
6\\VWHPFRQVLVWVRIDFRROLQJORRSFRQWDLQLQJWZRIXOOFDSDFLW\\SXPSVDQGWKUHHKHDW
H[FKDQJHUV$Q\\SRVVLEOHOHDNDJHIURPWKHUHDFWRUDX[LOLDU\\V\\VWHPVHTXLSPHQW
OLVWHGEHORZLVWRWKHUHDFWRUEXLOGLQJFORVHGFRROLQJZDWHUV\\VWHPORRSZKHUHLWLV
FRQILQHGRULVRODWHG XVHRIPDQXDOO\\FRQWUROOHGLVRODWLRQYDOYHVDFFHSWDEOHSHU
5HIHUHQFH 7KH5HDFWRU%XLOGLQJ&ORVHG&RROLQJ:DWHU6\\VWHPORRSVDUH
PRQLWRUHGFRQWLQXRXVO\\IRUUDGLRDFWLYLW\\E\\DSURFHVVUDGLDWLRQPRQLWRULQJVXEV\\VWHP
7KH5HDFWRU%XLOGLQJ&ORVHG&RROLQJ:DWHU6\\VWHPFRROVWKHIROORZLQJHTXLSPHQW
1RQUHJHQHUDWLYH+HDW([FKDQJHU
5HDFWRU&RRODQW5HFLUFXODWLRQ6\\VWHP3XPS&RROHUVDQG3XPS6HDO
5HDFWRU%XLOGLQJDQG7XUELQH%XLOGLQJ3URFHVV6\\VWHP6DPSOH&RROHUV
)XHO3RRO&RROLQJDQG'HPLQHUDOL]HU6\\VWHP&RROHUV
3ULPDU\\&RQWDLQPHQW'U\\ZHOO&RROHUV
5HVLGXDO+HDW5HPRYDO6\\VWHP3XPS6HDO&RROHUV
&RQWURO5RG'ULYH)HHG3XPS&RROHUV
3$66\\VWHP&RROHUV
'U\\ZHOO(TXLSPHQW'UDLQ6XPS+HDW([FKDQJHU
0217,&(//283'$7('6$)(7<$1$/<6,65(3257
86$5
6(&7,21
3/$17$8;,/,$5<6<67(06
5HYLVLRQ
3DJHRI
7KH5HDFWRU%XLOGLQJ&ORVHG&RROLQJ:DWHU6\\VWHPLVPDLQWDLQHGDWOHVVWKDQ )
E\\KHDWUHMHFWLRQWRORRSKHDWH[FKDQJHUVZKLFKDUHFRROHGE\\WKHSODQWVHUYLFHZDWHU
V\\VWHP
3HUIRUPDQFH$QDO\\VLV
7KH5HDFWRU%XLOGLQJ&ORVHG&RROLQJ:DWHU6\\VWHPLVGHVLJQHGIRUWKHKHDWORDGRI
WKHHTXLSPHQWXQGHUQRUPDORSHUDWLRQVWDUWXSDQGVKXWGRZQFRQGLWLRQV7KHSODQW
VHUYLFHZDWHUV\\VWHPLVFDSDEOHRIVXSSO\\LQJWKHUHTXLUHGZDWHUWRWKH5HDFWRU
%XLOGLQJ&ORVHG&RROLQJ:DWHU6\\VWHPWRPDLQWDLQWKHUHDFWRUDX[LOLDU\\V\\VWHPV
HTXLSPHQWDQGWKHLUDFFHVVRULHVDWDGHVLJQRSHUDWLQJWHPSHUDWXUH
7KH5HDFWRU%XLOGLQJ&ORVHG&RROLQJ:DWHU6\\VWHPLVQRWUHTXLUHGGXULQJRU
LPPHGLDWHO\\VXEVHTXHQWWRDGHVLJQEDVLVDFFLGHQWDQGLVWKHUHIRUHQRWVDIHW\\
UHODWHG
,QVSHFWLRQDQG7HVWLQJ
6LQFHWKHV\\VWHPLVRSHUDWLYHDWDOOWLPHVQRSHULRGLFWHVWLQJLVUHTXLUHG
10.4.4 (PHUJHQF\\6HUYLFH:DWHU6\\VWHP
'HVLJQ%DVLV
7KHSHUIRUPDQFHREMHFWLYHRIWKH(PHUJHQF\\6HUYLFH:DWHU6\\VWHPLVWRUHPRYHWKH
KHDWUHMHFWHGE\\WKHHTXLSPHQWZKLFKPXVWRSHUDWHXQGHUDFFLGHQWFRQGLWLRQV
$QDQDO\\VLVKDVEHHQSHUIRUPHGWRYHULI\\WKHVDIHW\\UHODWHGSRUWLRQVRIWKHV\\VWHPDUH
QRWYXOQHUDEOHWRDVLQJOHDFWLYHIDLOXUH 5HIHUHQFHVDQG
'HVFULSWLRQ
7KHIROORZLQJWZRFRPSOHWHO\\VHJUHJDWHGV\\VWHPVPDNHXSWKH(PHUJHQF\\6HUYLFH
- DWHU6\\VWHP
D
7KH(PHUJHQF\\)LOWUDWLRQ(PHUJHQF\\6HUYLFH:DWHU6\\VWHP ()7(6:SODQW
GHVLJQDWRU)6: FRQVLVWVRIWZRSXPSVZKLFKDUHFDSDEOHRISURYLGLQJD
VWUDLQHGVRXUFHRIFRROLQJZDWHUWRVHYHUDO(PHUJHQF\\&RUH&RROLQJ6\\VWHP
(&&6 HOHFWULFPRWRUVDQGFRPSDUWPHQWFRROHUVZKLFKUHTXLUHFRROLQJGXULQJ
DFFLGHQWVLWXDWLRQV7KH(PHUJHQF\\6HUYLFH:DWHU6\\VWHPDOVRVXSSOLHV
FRROLQJZDWHUWRWKHFRQGHQVHUVRIWKHDLUFRQGLWLRQLQJXQLWVIRUWKHPDLQ&RQWURO
5RRPDLUFRQGLWLRQLQJV\\VWHPLQWKHHYHQWRIDORVVRIRIIVLWHSRZHU7KLV
V\\VWHPLVVKRZQLQ5+56HUYLFH:DWHU (PHUJHQF\\6HUYLFH:DWHU6\\VWHPV
3 ,'6HFWLRQ'UDZLQJ1+6HUYLFH:DWHU6\\VWHPVDQG
0DNH8S,QWDNH6WUXFWXUH3 ,'6HFWLRQ'UDZLQJ1+DQG6HUYLFH
- DWHU6\\VWHP3 ,'6HFWLRQ'UDZLQJV1+DQG1+
0217,&(//283'$7('6$)(7<$1$/<6,65(3257
86$5
6(&7,21
3/$17$8;,/,$5<6<67(06
5HYLVLRQ
3DJHRI
E
7KH(PHUJHQF\\'LHVHO*HQHUDWRU(PHUJHQF\\6HUYLFH:DWHU6\\VWHP
('*(6:SODQWGHVLJQDWRU(6: FRQVLVWVRIDQDGGLWLRQDOWZRSXPSVWKDWDUH
FDSDEOHRISURYLGLQJDVWUDLQHGVRXUFHRIFRROLQJZDWHUWRWKH(PHUJHQF\\'LHVHO
- HQHUDWRUV7KLVV\\VWHPLVVKRZQRQ6HFWLRQ'UDZLQJV1+DQG
1+
3HUIRUPDQFH$QDO\\VLV
(DFKSXPSLVFDSDEOHRIVXSSO\\LQJVXIILFLHQWZDWHUIRUFRROLQJWRWKHHTXLSPHQW
UHTXLUHGWRKDQGOHDGHVLJQEDVLVORVVRIFRRODQWDFFLGHQWLQFOXGLQJFRROLQJZDWHUWR
WKH0DLQ&RQWURO5RRP 0&5 +9$&XQLWV6HH6HFWLRQ'UDZLQJV1+DQG
1+IRUSXPSSLSLQJDUUDQJHPHQWVDQGFDSDFLWLHV(DFKSXPSLVLQGLYLGXDOO\\
SLSHGWRLWVDVVRFLDWHGKHDWH[FKDQJHHTXLSPHQWUHVXOWLQJLQFRPSOHWHO\\VHJUHJDWHG
V\\VWHPV7KH()7(6:SXPSVVWDUWDXWRPDWLFDOO\\XSRQDQ(PHUJHQF\\'LHVHO
- HQHUDWRU ('* EUHDNHUFORVXUHRUDQHVVHQWLDOEXVWUDQVIHUWRWKHHPHUJHQF\\
RIIVLWHSRZHUVRXUFH $5 7KH('*(6:SXPSVVWDUWDXWRPDWLFDOO\\XSRQDQ
DXWRPDWLFRUPDQXDO('*VWDUWDQGVXIILFLHQWGLHVHOVSHHG6WDUWHUVDUHORFDWHGLQ
0&&%%DQG%&RQWUROVZLWFKHVLQWKH$6'6SDQHODOORZIRUUHPRWH
RSHUDWLRQRIWKH'LYLVLRQ,,()7(6:SXPSDQGWKH'LYLVLRQ,,('*(6:SXPSLQWKH
HYHQWRIDFRQWUROURRPILUH
$ODUPVDUHSURYLGHGWRZDUQRSHUDWRUVXSRQORVVRIHPHUJHQF\\VHUYLFHZDWHUIORZWR
WKH(PHUJHQF\\'LHVHO*HQHUDWRUVDQGWR(&&6HTXLSPHQW/RZSUHVVXUHDODUPV
SURYLGHRSHUDWRUZDUQLQJWKDWOLQHSUHVVXUHLVQRWEHLQJPDLQWDLQHG
,QWKHHYHQWRIORVVRIQRUPDO$&SRZHUSRZHUIRUDOOSXPSVLVVXSSOLHGE\\WKH
(PHUJHQF\\'LHVHO*HQHUDWRUV'HVLJQRIWKHGLHVHOJHQHUDWLRQV\\VWHPLVGLVFXVVHG
LQ6HFWLRQ
,QVSHFWLRQDQG7HVWLQJ
3XPSVDUHWHVWHGSHULRGLFDOO\\RQDVFKHGXOHGEDVLV7KH(PHUJHQF\\'LHVHO
- HQHUDWRU(PHUJHQF\\6HUYLFH:DWHU6\\VWHPFRROLQJZDWHUKHDWH[FKDQJHUVDUH
WHVWHGWRYHULI\\KHDWWUDQVIHUFDSDELOLW\\RQDSHULRGLFEDVLV$QRQGHVWUXFWLYH
H[DPLQDWLRQSURJUDPKDVEHHQHVWDEOLVKHGWRLQVSHFWVDIHW\\UHODWHGSLSLQJDQGKHDW
H[FKDQJHUVDWVXVSHFWHGKLJKFRUURVLRQELRIRXOLQJRUVLOWEXLOGXSDUHDV7KLV
SURJUDPLVVXSSOHPHQWHGE\\YLVXDOLQVSHFWLRQVRIRSHQHGSLSLQJDQGKHDW
H[FKDQJHUVZKHQHYHUSRVVLEOH 5HIHUHQFHVDQG (PHUJHQF\\
)LOWUDWLRQ(PHUJHQF\\6HUYLFH:DWHUOLQHVWRWKHPRWRUFRROHUVLQWKH5+5URRPVDUH
IOXVKHGTXDUWHUO\\DQGEDFNZDVKHGLIQHFHVVDU\\WRPHHWWKHUHTXLUHPHQWVRI*HQHULF
/HWWHU 5HIHUHQFH
10.5 5HIHUHQFHV
163 /20D\\HU OHWWHUWRWKH15& 96WHOOR ³)LUH+D]DUG$QDO\\VLV'GDWHG0DUFK
163 /20D\\HU OHWWHUWRWKH15& 96WHOOR ³&RPSOHWLRQRI)LUH3URWHFWLRQ5HYLHZ'
GDWHG-XO\\
0217,&(//283'$7('6$)(7<$1$/<6,65(3257
86$5
6(&7,21
3/$17$8;,/,$5<6<67(06
5HYLVLRQ
3DJHRI
163 /20D\\HU OHWWHUWRWKH15&³1XFOHDU3ODQW)LUH3URWHFWLRQ)XQFWLRQDO
5HVSRQVLELOLWLHV$GPLQLVWUDWLYH&RQWUROVDQG4XDOLW\\$VVXUDQFH'GDWHG0D\\
'
163 /20D\\HU OHWWHUWRWKH15&³15&6WDII(YDOXDWLRQRI)LUH3URWHFWLRQ
3URJUDP'GDWHG1RYHPEHU
163 /20D\\HU OHWWHUWRWKH15&³15&6WDII(YDOXDWLRQRI)LUH3URWHFWLRQ
3URJUDP'GDWHG-DQXDU\\
15& 7$,SSROLWR OHWWHUWR163 /20D\\HU ³$PHQGPHQW1RWR3URYLVLRQDO
2SHUDWLQJ/LFHQVH1R'53'GDWHG$XJXVW
15& '*(LVHQKXW OHWWHUWRDOO3RZHU5HDFWRU/LFHQVHHVZLWK3ODQWV/LFHQVHG3ULRU
WR-DQXDU\\ GDWHG1RYHPEHU
15& 7$,SSROLWR OHWWHUWR163 /20D\\HU ³6XSSOHPHQW)LUH3URWHFWLRQ6DIHW\\
(YDOXDWLRQ5HSRUW'GDWHG)HEUXDU\\
%HFKWHO &%+RJJ OHWWHUWR163 '$QWRQ\\ ³5&,&5RRP+HDWXS'GDWHG)HEUXDU\\
163 '00XVROI OHWWHUWRWKH15&³)LUH3URWHFWLRQ6DIH6KXWGRZQ$QDO\\VLVDQG
FRPSOLDQFHZLWK6HFWLRQ,,,*RI&)5$SSHQGL[5'GDWHG2FWREHU
15& '%9DVVDOOR OHWWHUWR163 '00XVROI ³185(*,WHP,,.
,VRODWLRQRI+3&,5&,&'GDWHG-DQXDU\\
15& '%9DVVDOOR OHWWHUWR163 '00XVROI ³185(*70,$FWLRQ3ODQ,WHP
,,.$XWRPDWLF6ZLWFK2YHURQ5&,&6XFWLRQ'GDWHG0D\\
15& '*(LVHQKXW OHWWHUWR163 '00XVROI ³([HPSWLRQ5HTXHVWV&)5
)LUH3URWHFWLRQDQG$SSHQGL[5WR&)53DUW'GDWHG-XQH
15& +1LFRODUDV OHWWHUWR163 '00XVROI ³$PHQGPHQW1RWR)DFLOLW\\
2SHUDWLQJ/LFHQVH1R'35'GDWHG)HEUXDU\\
15& '%9DVVDOOR OHWWHUWR163 '00XVROI ³&RQWURORI+HDY\\/RDGV'GDWHG
0DUFK
163 '00XVROI OHWWHUWRWKH15&³7UDYHO3DWKIRU6SHQW)XHO6KLSSLQJ&DVN'
GDWHG2FWREHU
'HOHWHG
15& '%9DVVDOOR OHWWHUWR163 '00XVROI ³)LUH3URWHFWLRQ6DIHW\\(YDOXDWLRQ
2SHQ,WHPV'GDWHG2FWREHU
163 '00XVROI OHWWHUWRWKH15&³,QIRUPDWLRQ5HODWHGWR$OWHUQDWH6KXWGRZQ
6\\VWHP'HVLJQ'GDWHG'HFHPEHU
0217,&(//283'$7('6$)(7<$1$/<6,65(3257
86$5
6(&7,21
3/$17$8;,/,$5<6<67(06
5HYLVLRQ
3DJH RI
163 '00XVROI OHWWHUWRWKH15&³,QIRUPDWLRQ5HODWHGWR$OWHUQDWH6KXWGRZQ
6\\VWHP'HVLJQ'GDWHG0DUFK
163 '00XVROI OHWWHUWRWKH15&³,QIRUPDWLRQ5HODWHGWR$OWHUQDWH6KXWGRZQ
6\\VWHP'HVLJQ'GDWHG$SULO
15& '%9DVVDOOR OHWWHUWR163 '00XVROI ³$OWHUQDWH6KXWGRZQ6\\VWHP
'HVLJQ'GDWHG6HSWHPEHU
163 '00XVROI OHWWHUWRWKH15&³&ODULILFDWLRQRI5HVROXWLRQRI)LUH3URWHFWLRQ
6DIHW\\(YDOXDWLRQ2SHQ,WHPV'GDWHG-DQXDU\\
15& -$=ZROLQVNL OHWWHUWR163 '00XVROI ³5HVROXWLRQRI)LUH3URWHFWLRQ,VVXHV
7$& 'GDWHG1RYHPEHU
15& 5$XOXFN OHWWHUWR163 '00XVROI ³([HPSWLRQ)URPWKH5HTXLUHPHQWVRI
$SSHQGL[5WR&)53DUW6HFWLRQ,,,*'GDWHG-XO\\
15& --+DUULVRQ OHWWHUWR163 &(/DUVRQ ³5HSRUWRQ,QVSHFWLRQ&RQGXFWHG
2FWREHU 'GDWHG'HFHPEHU
187(&+ 'U-.6PLWK OHWWHUWR163 &.$QGHUVRQ ³)DWLJXH(YDOXDWLRQIRU
0RQWLFHOOR+3&,DQG5&,&7XUELQH([KDXVW7RUXV1R))OHV'GDWHG'HFHPEHU
15& +-0LOOHU OHWWHUWR163 &(/DUVRQ ³&)5 H 6XEPLWWDO'GDWHG0DUFK
'HOHWHG
15& 5-:ULJKW OHWWHUWR163 '00XVROI ³6DIHW\\(YDOXDWLRQIRU3RVW$FFLGHQW
6DPSOLQJ6\\VWHP0RGLILFDWLRQV185(*,WHP,,% 7$&1R 'GDWHG
0D\\
15& :2/RQJ OHWWHUWR163 703DUNHU ³0RQWLFHOOR6DIHW\\(YDOXDWLRQ5HDFWRU
%XLOGLQJ&ORVHG&RROLQJ:DWHU6\\VWHP&RQWDLQPHQW,VRODWLRQ9DOYHV 7$&1RV
DQG 'GDWHG$SULO
163 703DUNHU OHWWHUWRWKH15&³,QDGHTXDWH'HVLJQDQG3URFHGXUHV5HODWHGWR
9HQWLODWLRQ6\\VWHPV&RXOG&DXVHD3RWHQWLDO)DLOXUHRI6DIHW\\5HODWHG(OHFWULFDO
(TXLSPHQW'GDWHG6HSWHPEHU
163 703DUNHU OHWWHUWRWKH15&³5HVSRQVHWR*HQHULF/HWWHU 6HUYLFH
- DWHU3UREOHPV$IIHFWLQJ6DIHW\\5HODWHG(TXLSPHQW'GDWHG-DQXDU\\
15& :2/RQJ OHWWHUWR163 703DUNHU ³5HVSRQVHWR*HQHULF/HWWHU
6HUYLFH:DWHU6\\VWHP3UREOHPV$IIHFWLQJ6DIHW\\5HODWHG(TXLSPHQW 7$& '
GDWHG0DUFK
187(&+UHSRUW163 ³6LQJOH$FWLYH)DLOXUH(YDOXDWLRQ5HSRUWIRUWKH
5+56:('*(6:DQG(6:6\\VWHPV'
0217,&(//283'$7('6$)(7<$1$/<6,65(3257
86$5
6(&7,21
3/$17$8;,/,$5<6<67(06
5HYLVLRQ
3DJHRI
'HOHWHG
$60(%RLOHU 3UHVVXUH9HVVHO&RGH6HFWLRQ,,,6XEVHFWLRQ1)³&RPSRQHQW
6XSSRUWV'
*OREDO1XFOHDU)XHOV$PHULFDV5HSRUW1('(3$³*HQHUDO(OHFWULF
6WDQGDUG$SSOLFDWLRQIRU5HDFWRU)XHO'5HYLVLRQ$XJXVWDQGWKH86
6XSSOHPHQW1('(3$86$XJXVW
5HJXODWRU\\*XLGH³2YHUKHDG&UDQH+DQGOLQJ6\\VWHPVIRU1XFOHDU3RZHU
3ODQWV')HEUXDU\\
185(*³&RQWURORI+HDY\\/RDGVDW1XFOHDU3RZHU3ODQWV5HVROXWLRQRI
- HQHULF7HFKQLFDO$FWLYLW\\$'SXEOLVKHG-XO\\
185(*³&ODULILFDWLRQRI70,$FWLRQ3ODQ5HTXLUHPHQWV'SXEOLVKHG1RYHPEHU
185(*³5HFRPPHQGDWLRQV5HODWHGWR%URZQV)HUU\\)LUH'SXEOLVKHG
)HEUXDU\\
185(*6WDQGDUG5HYLHZ3ODQ6HFWLRQ ³)LUH3URWHFWLRQ'SXEOLVKHG
0D\\
$SSHQGL[$WR15&%UDQFK7HFKQLFDO3RVLWLRQ$3&6% ³*XLGHOLQHVIRU)LUH
3URWHFWLRQIRU1XFOHDU3RZHU3ODQWV'$XJXVW
15& .5*ROOHU OHWWHUWR163 /20D\\HU DGGLWLRQDOJXLGDQFHIRUILUHSURWHFWLRQ
SURJUDPHYDOXDWLRQGDWHG6HSWHPEHU
³6DPSOH7HFKQLFDO6SHFLILFDWLRQV'0D\\
15& '.'DYLV OHWWHUWR163 /20D\\HU ³1XFOHDU3ODQW)LUH3URWHFWLRQ)XQFWLRQDO
5HVSRQVLELOLWLHV$GPLQLVWUDWLYH&RQWUROVDQG4XDOLW\\$VVXUDQFH'GDWHG$XJXVW
15& 96WHOOR OHWWHUWR163 /20D\\HU ³0DQSRZHU5HTXLUHPHQWVIRU2SHUDWLQJ
5HDFWRUV'0D\\
&)5$SSHQGL[5³)LUH3URWHFWLRQ3URJUDPIRU1XFOHDU3RZHU)DFLOLWLHV
2SHUDWLQJ3ULRUWR-DQXDU\\ ')LQDO5XOHSXEOLVKHGLQWKH)HGHUDO5HJLVWHU
1RYHPEHU
15& '*(LVHQKXW *HQHULF/HWWHU³)LUH3URWHFWLRQ5XOH )5
1RYHPEHU 'GDWHG)HEUXDU\\
15& '*(LVHQKXW *HQHULF/HWWHU'7HFKQLFDO6SHFLILFDWLRQVIRU)LUH
3URWHFWLRQ$XGLWV'GDWHG2FWREHU
15& '*(LVHQKXW *HQHULF/HWWHU³15&3RVLWLRQVRQ&HUWDLQ5HTXLUHPHQWV
RI$SSHQGL[5WR&)5'GDWHG2FWREHU
0217,&(//283'$7('6$)(7<$1$/<6,65(3257
86$5
6(&7,21
3/$17$8;,/,$5<6<67(06
5HYLVLRQ
3DJHRI
15& '*(LVHQKXW *HQHULF/HWWHU³)LUH3URWHFWLRQ3ROLF\\6WHHULQJ
&RPPLWWHH5HSRUW'GDWHG-DQXDU\\
15& '*(LVHQKXW *HQHULF/HWWHU³,PSOHPHQWDWLRQRI)LUH3URWHFWLRQ
5HTXLUHPHQWV'GDWHG$SULO
163 /20D\\HU OHWWHUWRWKH15&³3ODQVDQG6FKHGXOHVIRU0HHWLQJWKH3URYLVLRQV
RI3DUDJUDSK F F DQG F RI&)5 )LUH3URWHFWLRQ
0RGLILFDWLRQV'GDWHG0DUFK
185(*15&VSRQVRUHG5HDFWRU3ULPDU\\&RRODQW6\\VWHP5XSWXUH6WXG\\ WKH
3LSH5XSWXUH6WXG\\
$PHULFDQ1DWLRQDO6WDQGDUG&RGHIRU3UHVVXUH3LSLQJ³3RZHU3LSLQJ'$16,%
(GLWLRQ
15& -*3DUWORZ *HQHULF/HWWHU ³6HUYLFH:DWHU6\\VWHP3UREOHPV$IIHFWLQJ
6DIHW\\5HODWHG(TXLSPHQW'GDWHG-XO\\
1)3$'³6WDQGDUGIRUWKH,QVWDOODWLRQ0DLQWHQDQFHDQG8VHRI3URSULHWDU\\
3URWHFWLYH6LJQDOLQJ6\\VWHPV'
1)3$1DWLRQDO)LUH$ODUP&RGH
10&(383URMHFW7DVN5HSRUW75HYLVLRQ7DVN7 )XHO3RRO&RROLQJ
DQG&OHDQXS6\\VWHP2FWREHU ORFDWHGLQ(&
'HOHWHG
15& )-0LUDJOLD *HQHULF/HWWHU³,QVWUXPHQW$LU6XSSO\\3UREOHPV$IIHFWLQJ
6DIHW\\5HODWHG(TXLSPHQW'GDWHG$XJXVW
163 '00XVROI OHWWHUWRWKH15&³5HVSRQVHWR*HQHULF/HWWHU,QVWUXPHQW
$LU6XSSO\\6\\VWHP3UREOHPV$IIHFWLQJ6DIHW\\5HODWHG(TXLSPHQW'GDWHG)HEUXDU\\
15&/HWWHUWR01*3 'DYH:LOVRQ ³0RQWLFHOOR1XFOHDU*HQHUDWLQJ3ODQW,VVXDQFH
RI$PHQGPHQW5H (OLPLQDWLRQRI5HTXLUHPHQWVIRU3RVW$FFLGHQW6DPSOLQJ6\\VWHP
7$&1R0% 'GDWHG-XQH
10&/HWWHUWRWKH8615&³/LFHQVH$PHQGPHQW5HTXHVWIRU7HFKQLFDO6SHFLILFDWLRQ
,PSURYHPHQWWR(OLPLQDWH5HTXLUHPHQWVIRU3RVW$FFLGHQW6DPSOLQJ6\\VWHPV8VLQJ
WKH&RQVROLGDWHG/LQH,WHP,PSURYHPHQW3URFHVV'GDWHG0DUFK
'HOHWHG
01*3/HWWHU/07³0RQWLFHOOR([WHQGHG3RZHU8SUDWH 8SGDWHVWR
'RFNHWHG,QIRUPDWLRQ 7$&0' 'GDWHG'HFHPEHUDQG(&
)XHO3RRO&RROLQJ&DSDFLW\\
0217,&(//283'$7('6$)(7<$1$/<6,65(3257
86$5
6(&7,21
3/$17$8;,/,$5<6<67(06
5HYLVLRQ
3DJHRI
15& /0DUN3DGRYDQ OHWWHUWR10& 7KRPDV-3DOPLVDQR ³0RQWLFHOOR1XFOHDU
- HQHUDWLQJ3ODQW([HPSWLRQ)URPWKH5HTXLUHPHQWVRI&)53DUW$SSHQGL[
56HFWLRQ,,,*%$SSO\\LQJWR)LUH$UHD,;)LUH=RQH$,QWDNH6WUXFWXUH3XPS
5RRP 7$&1R0& 'GDWHG2FWREHU
15& /0DUN3DGRYDQ OHWWHUWR10& 7KRPDV-3DOPLVDQR ³0RQWLFHOOR1XFOHDU
- HQHUDWLQJ3ODQW&RUUHFWHG3DJHVIRU([HPSWLRQ)URPWKH5HTXLUHPHQWVRI7LWOH
RIWKH&RGHRI)HGHUDO5HJXODWLRQV3DUW$SSHQGL[56HFWLRQ,,,*%$SSO\\LQJ
WR)LUH$UHD,;)LUH=RQH$,QWDNH6WUXFWXUH3XPS5RRP 7$&1R0& '
GDWHG'HFHPEHU
(QJLQHHULQJ(YDOXDWLRQ ³(YDOXDWLRQ+/-8QVWUDLQHG5+56HUYLFH:DWHU6XSSO\\
WR+;¶V($%'
1630OHWWHU/07 7-2
&RQQRU WR15&0RQWLFHOOR([WHQGHG3RZHU
8SUDWH 5HVSRQVHWR15&5HDFWRU6\\VWHPV%UDQFKDQG1XFOHDU3HUIRUPDQFH
&RGH5HYLHZ%UDQFK5HTXHVWIRU$GGLWLRQDO,QIRUPDWLRQ 5$, GDWHG-DQXDU\\
7$&1R0' GDWHG0DUFK
*(+LWDFKL5HSRUW1('&35HY³6DIHW\\$QDO\\VLV5HSRUW0RQWLFHOOR
&RQVWDQW3UHVVXUH3RZHU8SUDWH'2FWREHU
&:20$5/$,PSOHPHQWVRIWZDUHDQGGHYHORSUHTXLUHG64$GRFV
10&(383URMHFW7DVN5HSRUW75HYLVLRQ7DVN7 5HVLGXDO+HDW
5HPRYDO6\\VWHP1RYHPEHU 0RQWLFHOORFDOFXODWLRQ
0RQWLFHOORFDOFXODWLRQ 5HYLVLRQ(YDOXDWLRQRI6KXWGRZQ&RROLQJ
&DSDFLW\\
185(*&ODULILFDWLRQRI70,$FWLRQ3ODQ5HTXLUHPHQWV1RYHPEHU
10&(383URMHFW7DVN5HSRUW7 5HYLVLRQ7DVN7 5HDFWRU&RUH
,VRODWLRQ&RROLQJ6\\VWHP2FWREHU 0RQWLFHOORFDOFXODWLRQ
*(+LWDFKL(383URMHFW7DVN5HSRUW*(1(7555HYLVLRQ
7DVN5HSRUW7 8OWLPDWH+HDW6LQN'HFHPEHU ORFDWHGLQ(&
0RQWLFHOORFDOFXODWLRQQXPEHU 5HYLVLRQ6SHQW)XHO6WRUDJH3RRO
&ULWLFDOLW\\6DIHW\\$QDO\\VLVIRU$75,80;0)XHO
0RQWLFHOORFDOFXODWLRQQXPEHU 5HYLVLRQ0RQWLFHOOR6SHQW)XHO3RRO
&RROLQJZLWK$75,80;0
15& 7$%HOW] OHWWHUWR163 .')LOL 0RQWLFHOOR1XFOHDU*HQHUDWLQJ3ODQW
,VVXDQFHRI$PHQGPHQWWR5HYLVHWKH7HFKQLFDO6SHFLILFDWLRQVWR6XSSRUW)XHO
6WRUDJH6\\VWHP&KDQJHV 7$&1R0( GDWHG2FWREHU $PHQGPHQW
1R
0217,&(//283'$7('6$)(7<$1$/<6,65(3257
86$5
6(&7,21
3/$17$8;,/,$5<6<67(06
5HYLVLRQ
3DJHRI
163OHWWHU 3*DUGQHU WR15&'RFXPHQW&RQWURO'HVN/07/LFHQVH
$PHQGPHQW5HTXHVWWR5HYLVH7HFKQLFDO6SHFLILFDWLRQ6XUYHLOODQFH5HTXLUHPHQW
EWR&RUUHFWWKH$OWHUQDWH1LWURJHQ6\\VWHP3UHVVXUHGDWHG6HSWHPEHU
15&OHWWHU 5.XQW] WR163 3*DUGQHU 0RQWLFHOOR1XFOHDU*HQHUDWLQJ3ODQW
,VVXDQFHRI$PHQGPHQW5( 7HFKQLFDO6SHFLILFDWLRQ6XUYHLOODQFH5HTXLUHPHQW
%WR&RUUHFW$OWHUQDWH1LWURJHQ6\\VWHP3UHVVXUH &$&1R0) GDWHG
$XJXVW $PHQGPHQW
$135HY0RQWLFHOOR)XHO7UDQVLWLRQ&\\FOH5HORDG/LFHQVLQJ$QDO\\VLV
(380(///$ -XQH
/HWWHUIURP15& 5).XQW]WR1630 &&KXUFK 0RQWLFHOOR1XFOHDU*HQHUDWLQJ
3ODQW([HPSWLRQIURPWKH5HTXLUHPHQWVRI&)53DUW$SSHQGL[56HFWLRQ
,,,*D (3,'///( GDWHG)HEUXDU\\
0217,&(//283'$7('6$)(7<$1$/<6,65(3257
86$5
6(&7,21
3/$17$8;,/,$5<6<67(06
5HYLVLRQ
3DJHRI
FIGURES
0217,&(//283'$7('6$)(7<$1$/<6,65(3257
86$5
6(&7,21
3/$17$8;,/,$5<6<67(06
5HYLVLRQ
3DJHRI
)LJXUH
5HDFWRU5HIXHOLQJ6\\VWHP3LFWRULDO
0217,&(//283'$7('6$)(7<$1$/<6,65(3257
86$5
6(&7,21
3/$17$8;,/,$5<6<67(06
5HYLVLRQ
3DJHRI
)LJXUH
6KXWGRZQ&RROLQJ0RGH5+56\\VWHP6LPSOLILHG3 ,'
0217,&(//283'$7('6$)(7<$1$/<6,65(3257
86$5
6(&7,21
3/$17$8;,/,$5<6<67(06
5HYLVLRQ
3DJHRI
)LJXUH
3ULQFLSDO6DIH6KXWGRZQ6\\VWHPV