Companion files · The Nuclear Energy Investor
Financing the Nuclear Revival: Reactors, SMRs, Uranium, Offtake from Data Centers and the Economics of Long-Lived Power.
These are the companion files of the book. One workbook rebuilds Corran Ridge, the fictional 2,240 MW two-unit station the book follows from its acquisition: its fuel from the pound of uranium to the megawatt-hour, its uranium contracts, its cash flows from 2027 to 2058 under four cases, the federal credit, the contract with a data center buyer, the uprate, the acquisition debt and the decommissioning trust; beside it, a large new reactor, a regulated rate base, a small modular reactor learning curve and a public loan. A second file holds the diligence checklists of Appendix B in editable form. No sign-up, no email is asked for, nothing is locked. Amounts are in US dollars; blue type is an input, black type is a formula.
The archive holds the workbook, the checklists and 00_START_HERE.md. No macros, no circular references, no external links. The workbook recalculates in Excel, LibreOffice or Google Sheets.
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Chapters 1 to 16 · Appendix A
One Inputs sheet holds every assumption. Fuel computes feed, separative work and the cost-minimizing tails assay. Contracts compares market-related and base-escalated uranium contracts. Cases builds Corran Ridge year by year under four cases and two helpers, with values, IRRs and the value of the renewal, the contract and the uprate. Debt sizes the acquisition loan on contracted and merchant cash flow and stresses it. Then the decommissioning trust, the large reactor and rate base, the SMR learning curve and the two federal credits, the public loan, and a Checks sheet that sets 58 figures the book prints beside the cells that compute them.
Download the workbook164 KBAppendix B
Acquiring an operating plant, investing in new build, the power contract, the lender's file, and a listed or private position in a portfolio. Edit them for your own transaction.
Download the checklists38 KBRead first
What the files are, which sheet answers which chapter, and the two inputs to change first.
Download the read-me1 KB| The four cases | Corran Ridge is worth $2.01 billion if its units close in 2036 and 2038, $2.63 billion with a subsequent license renewal, $5.43 billion with the data center contract and $5.84 billion with an uprate |
| The fuel | Fuel costs $10.07 per MWh, of which uranium $4.84: a $10 rise in the uranium price adds only $0.61 |
| The financing | The same large reactor needs $158.6 per MWh financed at 8 percent and $89.6 at 4 percent |
The files are provided as they are, without warranty of any kind. The model is illustrative: Corran Ridge, Larkfield Infrastructure Partners, Halcyon Compute and their lenders are fictional, and the figures are the book's assumptions, not market statistics or forecasts. Nothing here is investment, legal, tax, accounting or engineering advice.
Forty private markets interview questions with model answers and the arithmetic worked out. Direct download, no sign-up.
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