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PJM Cycle 1 Financial Calculator

Model your total capital exposure across three network upgrade cost scenarios. Enter your project capacity and see every deposit, penalty, and cash flow event through GIA execution.

Application deadline: April 27, 2026

Project Inputs

LBNL avg active: $240/kW

LBNL avg withdrawn: $599/kW

Due at Application (April 27, 2026)

Application Fee Verify with PJM
$5,000
Study Deposit Tier: >50-100 MW
$250,000
Readiness Deposit 1 (RD1) $4,000/MW
$400,000
Total Due at Application $655,000

Scenario A: Low

$240/kW
Network Upgrades$24,000,000
RD2 at DP1 (10%)$2,400,000
Less RD1 credit-$400,000
RD2 Net Due$2,000,000
RD3 at DP2 (20%)$4,800,000
Less prior RDs credit-$2,400,000
RD3 Net Due$2,400,000
Total Deposits$5,055,000
Max Penalty (9x study)$2,250,000
Worst Case Exposure $7,305,000

Scenario B: Moderate

$400/kW
Network Upgrades$40,000,000
RD2 at DP1 (10%)$4,000,000
Less RD1 credit-$400,000
RD2 Net Due$3,600,000
RD3 at DP2 (20%)$8,000,000
Less prior RDs credit-$4,000,000
RD3 Net Due$4,000,000
Total Deposits$8,255,000
Max Penalty (9x study)$2,250,000
Worst Case Exposure $10,505,000

Scenario C: High

$600/kW
Network Upgrades$60,000,000
RD2 at DP1 (10%)$6,000,000
Less RD1 credit-$400,000
RD2 Net Due$5,600,000
RD3 at DP2 (20%)$12,000,000
Less prior RDs credit-$6,000,000
RD3 Net Due$6,000,000
Total Deposits$12,255,000
Max Penalty (9x study)$2,250,000
Worst Case Exposure $14,505,000

Accelerated Track Eligibility

Projects with <$5M in network upgrade costs may skip Phase III and proceed directly to facilities study + GIA negotiation.

Scenario A
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Scenario B
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Scenario C
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Cash Flow Timeline (Moderate scenario)

Date Event Amount Cumulative

Withdrawal Penalty

Study Deposit $250,000
Penalty Multiplier 9x
Max Withdrawal Penalty $2,250,000

Penalty Exemptions (check if applicable)

If any exemption applies, penalty may be waived. Document basis thoroughly; cite specific OATT provision.

Estimated Refunds on Withdrawal

Withdrawal Timing Study Deposit RD1 RD2 Penalty Net Impact
Before Phase I $225,000 Per tariff N/A -$2,250,000 --
At Decision Point 1 ~$200,000 $200,000 $3,600,000 -$2,250,000 --
At Decision Point 2+ At risk At risk At risk -$2,250,000 Deposits at risk

RD2 is 100% refundable at DP1. Penalty exemptions may apply — see checklist above. Net impact excludes application fee (non-refundable).

Reference Data

Avg interconnection cost (active PJM)$240/kW
Avg interconnection cost (withdrawn PJM)$599/kW
Projects withdrew at DP1 (Transition Cycle)96
Accelerated track threshold<$5M upgrades
Phase I study timeline~120 days
Phase II study timeline~180 days
Phase III study timeline~180 days
DP response window30 days

Sources: LBNL Interconnection Cost Analysis in the PJM Territory, PJM Manual 14H Rev. 3, PJM OATT Part VII. Always verify with PJM's official calculator.

Study Deposit Tiers

Capacity Range Study Deposit
0 - 20 MW$75,000
>20 - 50 MW$200,000
>50 - 100 MW$250,000
>100 - 250 MW$300,000
>250 - 750 MW$350,000
>750 MW$400,000

Managing Multiple Projects?

You just calculated deposits for one project. Zonevex auto-calculates deposits for every project at every Decision Point across your entire portfolio — PJM, MISO, SPP, and more.

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Based on PJM OATT Part VII, Manual 14H Rev. 3, and LBNL Interconnection Cost Analysis in the PJM Territory. Educational resource only — not financial or legal advice. Always verify deposit amounts with PJM's official deposit calculator before submission.