ࡱ> sr3'( `/ 0DArialSans MS0pp@O 0DComic Sans MS0pp@O 0B@ .  @n?" dd@  @@`` h,L6   !"#$%&'()*+,-./01234567:;<=@ABCDE 0AA@3ʚ;ʚ;g4kdkd!O 0|ppp@ <4dddd<v 0p 80___PPT10 ?  %hWindy Land Owner SeminarT Landowner Tips: What to consider when offered a Contract or need some Consultation2TS(T  Wind Energy Developers in Texas  (      Wind energy, at this time, is a very hushed industry and developers don t want landowners to share information with other landowners in the area. This makes it difficult for you to get information and compare to see if an offer is typical or not.   Remember that everything MUST be in the contract. If it is not written down& . It NEVER happened!cc  Monitoring Leases Monitoring wind towers range from $500-$1,500 per year value to the landowner plus crop damage compensation and weed control expenses. You basically lose some of the land to protect the tower.4bZZoZ  May want to put in agreement that landowner has access to wind data collected during the option period of the agreement. It s the data that is useful to the land owner if the developer decides not to pursue the project.  Leases Fee During Development Phase $2 -- $5 per acre per year Separate contract for each piece of property. Check property description and number of acres. Includes Dollars per rod for damages to property for both transmissions lines, ditching and road construction. $16.50 per rod on pasture land $20.00 per rod on cultivated dry land 8pEpE Define gross revenue, is it going to be: $ per acre $ per megawatt % of royalty (guaranteed minimum) There is a plus and minus to every option0)Z=Z*Z d Define royalty payments which may include Sales Production credits Energy credits Pollution credits*+:+:  Escalating royalty payments 4% for 1st xxx years $15 per acre $3,000 per mw 5% for next xxx years $20 per acre $3,500 per mw 8% for next xxx years $30 per acre $7,000 per mw When you do this, when does the escalating start.HPPP3P, Define how landowner will access the power purchase agreement and energy production data to verify gross revenue. Who calibrates the meters, how often? Its all accounting and bean counting now. When a percentage of revenue is offered as compensation, audit rights should be clearly defined. Outline necessary steps to exercise audit rights. uMake sure there is a guaranteed minimum, an income floor, so that revenue continues if the turbines are not turning.vv ]Lease renewable after 25-50 years May be renegotiated at that time for current market rates.^^$ Make sure the contract addresses issues such as: Bankruptcy and liens placed on the land, if this unforeseen situation should occur, you as landowner should not be in the middle of a dog fight over the turbines. Include a bond restoration for the property at the conclusion of the agreement so that the landowner has a lien against the salvage value of the equipment. The bond would kick in when the value of the equipment is less than the estimated cost to remove the wind turbines. This may never happen as the scrap value is going to be high, its like an above ground mine for you land owners.  No exclusive use. Make sure to keep the current income stream active or be compensated for its loss; motorcycle riding, hunting, and grazing.h)  Offices, Substations, Lay down areas Maintenance & Operation buildings Make sure the landowner is compensated for property loss._ Make sure that the development company considers the largest megawatt turbines available. Ask what kind and size turbines they plan purchased.  Consider if there is additional revenue benefits in the future...say 15 years from now there is another type of pollution or energy credit; include it in the gross revenue definition so you the landowner can receive that benefit as well."ZcZ  Consider a force majeure clause so if a tornado or other act of God comes and tears up the turbines, or the connection points, the operator is still obligated to pay you a minimum contract rate." Before development begins take photos of land. This records the history of the site, determines existing placement of fences/roads/land use and is a memory record for you before the landscape changes.#  Road Construction Development Stage Purchase caliche and water from the landowner or within county. As long as it is suitable / acceptable quality for the purpose. It is added income to the local community and starts building good neighbors.%$! (Read Read ! Re - read !!! your contract.<0</()*01 2 3 4 5 6789:;<=>?@ACDFGH    0` 33` Sf3f` 33g` f` www3PP` ZXdbmo` \ғ3y`Ӣ` 3f3ff` 3f3FKf` hk]wwwfܹ` ff>>\`Y{ff` R>&- {p_/̴>?" dd@,|?" dd@   " @ ` n?" dd@   @@``PR    @ ` ` p>>  (    6`  `}  T Click to edit Master title style! !  0c  `  RClick to edit Master text styles Second level Third level Fourth level Fifth level!     S  0|j ^ `  P*   0p ^   R*   0u ^ `  R* H  0޽h ? 3380___PPT10.tNف Default Design 0 zr@ (    0̪ P    P*    0tѪ     R*  d  c $ ?    0\˪  0  RClick to edit Master text styles Second level Third level Fourth level Fifth level!     S  6Ū _P   P*    6 _   R*  H  0޽h ? 3380___PPT10.tN%  0 0 6(   x  c $$u `  u ~  s *%u ` u H  0޽h ? 33' POINTS1TIME15"QUESTION1TYPE0___PPT10i.Up+D=' = @B +  0 `z(    NxZu "` u B  6ܪB @ ^  Cielo Wind Power FPL Energy AES National Wind Power Shell Wind Energy Horizon Wind Energy Airtricity/RGI John Deere Wind Energy DKRW Babcock & Brown a Catamount Energy Corp@  6ݪB ^  Duke Energy Iberdrola Renewables Padoma RES Americas Eurus Caithness E.On Climate and Renewables Invenergy WindKraft Nord/Enel NA Edison Mission Group &H  0޽h ? 33___PPT10i.Up+D=' = @B +_  0 vn (     6-"`??@L ZWind Capacity is what really drives the industry. Wind capacity of 35% means that the output of the turbines averages 35% of its potential, year round. Developers are looking for a minimum of 30% capacity, a decent wind regime. Windier is better as it increases the capacity.  H  0޽h ? 33___PPT10i.aKf+D=' = @B +%  0 <4@P(  P P s *6p@@   "p`PpH P 0޽h ? 33___PPT10i.aKf+D=' = @B +)   0 @8`X(  X X  6h<"`??@b   H X 0޽h ? 33___PPT10i.aKf+D=' = @B +)   0 @8`(  ` `  6A"`??@b   H ` 0޽h ? 33___PPT10i.aKf+D=' = @B +?   0 VNh(  h h  6x"`??@b   "p`PpH h 0޽h ? 33___PPT10i.aKf+D=' = @B +   0 &p(  p~ p s *hup@@   H p 0޽h ? 33___PPT10i.aKf+D=' = @B +)   0 @8x(  x x  6lu"`??@b  u H x 0޽h ? 33___PPT10i.aKf+D=' = @B +)  0 @8(     6pu"`@?@b  u H  0޽h ? 33___PPT10i.aKf+D=' = @B +)  0 @8 (     6u"`??@b  u H  0޽h ? 33___PPT10i.aKf+D=' = @B +9  0 PH@(     0u"`?@p u " H  0޽h ? 33___PPT10i.aKf+D=' = @B +)  0 @8`(     6"`??@b   H  0޽h ? 33___PPT10i.aKf+D=' = @B +)  0 @8(     6Tƣ"`??@b   H  0޽h ? 33___PPT10i.aKf+D=' = @B +)  0 @8(     6u"`??@b  u H  0޽h ? 33___PPT10i.aKf+D=' = @B +)  0 @8(     6lu"`??@b  u H  0޽h ? 33___PPT10i.aKf+D=' = @B +  0 &(  ~  s *lup@@  u H  0޽h ? 33___PPT10i.aKf+D=' = @B +)  0 @8(     6u"`??@b  u H  0޽h ? 33___PPT10i.aKf+D=' = @B +)  0 @8 (     6lu"`@@@  u H  0޽h ? 33___PPT10i.aKf+D=' = @B +  0 &@(  ~  s *u@@@c  u H  0޽h ? 33___PPT10i.aKf+D=' = @B +  0 &`(  ~  s *pup@@  u H  0޽h ? 33___PPT10i.aKf+D=' = @B +  0 &(  ~  s *up@@  u H  0޽h ? 33___PPT10i.aKf+D=' = @B +  0 &(  ~  s *up@@  u H  0޽h ? 33___PPT10i.aKf+D=' = @B +  0 &(  ~  s *up@@  u H  0޽h ? 33___PPT10i.aKf+D=' = @B +  0 & (  ~  s *up@@  u H  0޽h ? 33___PPT10i.aKf+D=' = @B +   0 &@(  ~  s *Pu ` u H  0޽h ? 33___PPT10i.aKf+D=' = @B + 0 P((  ^  S      c $ 0    H  0޽h ? 3380___PPT10.@3 0 p((  ^  S    u  c $(u 0  u  H  0޽h ? 3380___PPT10.FF 0 $((  $^ $ S    u $ c $u 0  u  H $ 0޽h ? 3380___PPT10.poz  0 PT((  T^ T S     T c $ 0    H T 0޽h ? 3380___PPT10..G  0 p\((  \^ \ S     \ c $,  0    H \ 0޽h ? 3380___PPT10.C  0 d((  d^ d S     d c $ 0    H d 0޽h ? 3380___PPT10.1  0 l((  l^ l S     l c $ 0    H l 0޽h ? 3380___PPT10.f  0 t((  t^ t S     t c $L 0    H t 0޽h ? 3380___PPT10.  0 |((  |^ | S     | c $ 0    H | 0޽h ? 3380___PPT10.D 0 ((  ^  S      c $$ 0    H  0޽h ? 3380___PPT10. i 0 0((  ^  S      c $t) 0    H  0޽h ? 3380___PPT10. i 0 P((  ^  S      c $. 0    H  0޽h ? 3380___PPT10. 0 p((  ^  S      c $<4 0    H  0޽h ? 3380___PPT10.]/ 0 ((  ^  S      c $9 0    H  0޽h ? 3380___PPT10.R 0 ((  ^  S      c $> 0    H  0޽h ? 3380___PPT10.` 0 ((  ^  S      c $\D 0    H  0޽h ? 3380___PPT10. P 0 ((  ^  S      c $I 0    H  0޽h ? 3380___PPT10.p1 0 ((  ^  S      c $,O 0    H  0޽h ? 3380___PPT10.gY 0 0((  ^  S      c $T 0    H  0޽h ? 3380___PPT10.P7 0 P((  ^  S      c $Y 0    H  0޽h ? 3380___PPT10.' 0 p((  ^  S      c $L_ 0    H  0޽h ? 3380___PPT10.8 0 ((  ^  S      c $e 0    H  0޽h ? 3380___PPT10.@: 0 ((  ^  S      c $`j 0    H  0޽h ? 3380___PPT10.8 0 ((  ^  S      c $o 0    H  0޽h ? 3380___PPT10.Pr  0 0 ((   ^   S       c $ u 0    H   0޽h ? 3380___PPT10.Q! 0 P((  ^  S      c $z 0    H  0޽h ? 3380___PPT10.Зr`1;'7L:'? BDFIdK{MOQTOVXZ\_*a[ceg ik"0mor(0-tMvmx0 z|~ -Mm͏ -MmC ͠F0 -Ms mK1Oh+'0$ `h  Windy Land Owner SeminarAEIdcarr4Microsoft Office PowerPoint@`n @PEuN@.zTGg   &^WMFCe<<lx EMF<C@F(GDICx!b $$==% % V0xx x % % $$AA" FGDICF(GDICl.wFGDICF(GDIC6ljwFGDICF(GDICFGDICRp@Arial}\ZdCArial 'u?|EQ @Arial 0 u4i4ChO0@<0U050|ET4in oTxDb0@0b4iL@0<^_dv%    T AAL|Windy Land Owner Seminar  % ( F(GDIClFGDICRp@ArialE\ZdCArial (u?|EQ @Arial 0 u4i4ChO0@<0U050|ET4in oTxDb0@0b4iL@0<^_dv%    T/'q2AA/0LlLandowner Tips: % ( Rp@Arial\Z[4in4iZ?0?x@[H@m4inn4C?Չ0x@8A<0U050|ETD@8A[np@0@x@D@8A<^0_dv%    T ALAAJ LWhat to consider when offered a  % ( Rp@Arial]_\Z[4in4i ?0?x@[H@m4inn4C?Չ0x@8A<0U050|ETD@8A[np@0@x@D@8A<^0_dv%    T&KVAA&TLxContract or need some  % ( Rp@Arial4\ZdCArial (u?|EQ @Arial 0 xu4i 4ChO0@<0U050|ET4in oTxDb 0@0b4iL@0<^_dv%    T:VkaAA:_ LdConsultation % (   x--$xx--'@Arial}?-. +2 Windy Land Owner Seminar ."System-@ArialE?-. 2 0/Landowner Tips:.-@Arial??-. 72 J What to consider when offered a .-@Arial]??-. (2 T&Contract or need some .-@Arial4?-. 2 _: Consultation.-՜.+,0    On-screen ShowWest Texas A&M Univ.n' ArialComic Sans MSDefault DesignWindy Land Owner SeminarSlide 2Slide 3Slide 4Slide 5Slide 6Slide 7Slide 8Slide 9 Slide 10 Slide 11 Slide 12 Slide 13 Slide 14 Slide 15 Slide 16 Slide 17 Slide 18 Slide 19 Slide 20 Slide 21 Slide 22 Slide 23 Slide 24 Slide 25 Slide 26  Fonts UsedDesign Template Slide Titles_qdcarrdcarr  !"#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVXYZ[\]^_`acdefghiklmnopqtRoot EntrydO)Current UserjSummaryInformation(WTPowerPoint Document(DocumentSummaryInformation8b