And at that point, we’ll describe what the CapEx costs are and what we think we can — can sequester. But you’re right, the reason to be excited is that, this is a revenue stream that when looked at on a — on a an offset for power costs, it’s going to meaningfully drive the — the revenue up and the sort of the average cost per megawatt down, which is that that was the which we’ve always said that that’s even more important than deficiency of the achieves a low power cost. So that’s what we’re driving toward. So, I think, if its standby give us some — give us a, a quarter to continue to refine our results, and designs and with those results and designs we can have accurate CapEx estimates, inaccurate timeframes on share. And I think on the — we also disclosed, we are now listed on the bureau registry, and I guess, they’ve now begun their quote auditing process, but I think make no mistake about it.
This will be a big year for carbon capture and at least at scrubbed graph this year. So that’s — that’s the — and hopefully in the next quarter have specifics to share as well. So I’m sorry we can’t tell you exactly per unit and everything, but that’s a — I can say, we did all that math in December on a hypothetical basis, and it is materially better than what we had initially thought in terms of CapEx, speed to carbonate and new rate of absorption. So let us keep it silent.
Kevin Dede: Okay. Yeah, no, appreciate the color. No need to apologize. Understand it’s a very dynamic situation. Appreciate all the effort there.
Greg Beard: We just don’t want to go backwards and say, hey, we promised X percent or whatever costs and have it be.
Kevin Dede: No, I completely understand there’s been enough of that. Maybe a little more insight on associated revenue timing. If you are registered by the end of the second quarter, is the press release intimated? Is it fair to assume you could see revenue in the third quarter? Maybe give us a little more insight on that. How are you looking at it?
Greg Beard: You know what, I would say, if we get on the registry, we could, what we’d hope to do is sell carbon credits in the private market and on a forward-looking basis. So, hey, you know, once we have our signed fund and we’re confident we can share that with potential buyers of carbon credits and we’re on the exchange and audited and, I guess, then transactable in this way that then opens up the ability for us to sell. We could sell out then the, a certain number of credits and deliver those as we build the project down. So I think it’s absolutely right. So I think if there’s a benefit to being on a registry, it’s that and have the process fully vetted out, and we can then sell credits before we generate them with an expected timeline to deliver them.
Kevin Dede: Love the forward market.
Greg Beard: And the forward market.
Kevin Dede: Okay. Okay. That sounds good. Another topic I think has to do with the mention of Champion. Could you just help me understand how Champion interfaces between you and PGM and how you see them helping to deliver those lower power prices to you before carbon captures, you know, fully up and running at both plants.
Matt Smith: Hey, Kevin, it’s Matt. So we — I would refer you back to our December press release and when we when we mentioned that we had been through, we’ve been through deep discussions constructive discussions with PGM around our data center load banks co-located at the plants. And, we have been, over the course of the last few months, purchasing retail electricity. And when you’re in that market, and this is when the plan is not on, which we were in December, Panther Creek had an outage that we’ve since come out of, and it’s been running well. But during that period of time, we were purchasing retail electricity. And at times the — the ad or the premium-to-wholesale can be onerous which I think you can see in the fourth quarter fuel and import power cost.
Fast Forward we wanted more visibility and more flexibility when you go into the shoulder it was a very warm February, natural gas prices are at $50, $75 versus a year ago when they were twice that. And it’s the marginal fuel on our marketing. So we expect single digit to $20 real-time prices in the shorter potentially, notwithstanding any we have Ukraine-Russia type of real structural items. And you want to be able to purchase power at as low of a cost in real-time markets as you can during that period. And so we have been working on competitive supply agreements for a while, to make sure we have ultimate flexibility. And we’re very grateful with so to have Calpine, Champion Energy for a Calpine stepped into that role. And we’re very excited about the reduced cost of power that will absolutely result from that during periods when we’re importing.
So that’s — it’s a pretty big, but it will result in a pretty big savings for us.
Kevin Dede: Okay. So — So looking out we should assume generally right, generally that you’re running both plants sort of — sort of peak times, excess past winter, but maybe through the summer and then off on the shoulder months. Is that a fair assumption at least for the next year or so?
