sun devil preparation present offers aps duke panda following tasks need completed james teb blair calculate rates 911 mm facilities according following guidelines rate matrix based contract terms 15 20 25 30 years project depreciation consistent contract term segmented rates max rate levelized volume allocations sj 780 k cal border 330 k phoenix 500 k incremental fuel costs allocated based expected outcome following next rate case determine rate sensitivity 15 20 25 30 year terms assuming 25 mm change cost new facilities determine rate sensitivity 15 20 25 30 year terms assuming 2 mm change allocated based expected outcome following next rate case kevin provide capital structure cost debt cost equity light recent circumstances support new rate analyses eric kevin lorraine michelle outline commercial transaction structures aps duke panda eric schedule meeting discuss rate indexation eric schedule next team meeting asap target nov 1