Winter 2014 Newsletter
|Warren & Selbert
We are pleased to
announce the return of our seasonal Warren & Selbert
Newsletter. Each quarter, we will keep you updated on changes
to the ABC
model, relevant industry news, and our company in general. If
prefer not to receive these newsletters, you may unsubscribe by
link at the bottom of this email.
team is expanding! Dana Iltis and Jacob Pekelis joined us in
Each graduated from UCLA with a degree in Mathematics and Economics.
Reading is our most
recent addition. He received his Ph.D. in Materials Science from UCSB
December, and he earned his undergraduate degree in Physics and
Science from M.I.T in 2009.
Eidelson recently became a grandparent, making him the third employee
& Selbert to gain that status.
Seale completed his fourth and final leg of the John Muir
located in the Sierra Nevada mountain range of California.
Hellman has been
furthering his education with computer science courses at our
February, we look forward to attending both the Infocast Wind and Solar
& Investment conferences. We are hoping that 2014 is
the year that we
finally win an iPad from one of their raffles.
ABC has a new Inverted Lease template. An
number of our clients have been working with these structures, which
designed to pass the ITC to the equity investor and return full
project to the developer. The new template is accessible
under the “US
Partnership” section when creating a “New Analysis” in ABC.
Sections for Custom Questions
Custom Sections can now be created to group together related Custom
of reserved ABC sections. These new sections provide users with more
organization capability, and also significantly increase the number of
questions that are allowed in an ABC file.
and Taxation Override Questions in PSHIP Files
New PSHIP questions are now available to allow the user to override the
and cash impact of depreciation, loan, revenue, and fee
questions allow greater flexibility with scenario sensitivities, and
especially useful for tiered partnership modelling.
Functionality in New Lease Files
EBITDA streams can now be modified by typing "do solar" in solar files,
"do wind" in wind files, or "do project" in inverted lease
files. By selecting the option that reads "Modify EBITDA
Streams," ABC users can add, remove, or edit the EBITDA streams active
their file. This is useful for modelling multiple coverage
with different probability production curves.
Scale Mode in PSHIP Files
Custom question 8.603 has been added to the PSHIP macro suite. Using
PSHIP can interpret the fee amount in question 8.5 as a percent of a
equity (or as a percent of a partner’s equity plus unscaled fees)
strictly as a percent of total cost.
Renumbering Custom Questions
CUST/RENUMBER macro can now be used to renumber custom questions in a
section based on the order in which their streams appear in section 23.
The table of contents (“TOC”) tab in an Excel output run of
includes hyperlinks to each report. This gives the user
quick access to
a report tab by clicking on its name in the table of contents.