Clean Dark Spread
$16.57
Spark / spread margin per MWh
Annual Gross Spread
$40.7M
5,922 GWh annual dispatch
PJM Capacity Revenue
$128.1M
1,300 MW @ $270/MW-day
Unlevered EBITDA
$54.2M
Net of FOM & VOM ($114.6M)
Repowering NPV Uplift
$98.4M
Brownfield interconnection value
Max Recommended Cash Bid
$165.0M
Floor: $142.6M (9.5% WACC)
📊 Bankruptcy Valuation Bridge & Bid Derivation ($M)
Interactive D3 Engine
🏛️ Chapter 11 Creditor Recovery Matrix
Absolute Priority Rule
| Claim Class | Claim ($M) | Funded Recovery | Recovery % | Status |
|---|