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Prospective prices coupled with forecasted costs should control the decision to invest in its development, the determination to launch it commercially, and the decision to kill it.
The price in the table above assumes that CCS plants will come in at forecasted costs, but CCS projects have so far been vastly over budget.
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The company said it had forecast costs of about $150 million.
But forecasting costs decades into the future is as much luck as it is judgement.
The fundamental problem is that is simply impossible to forecast costs and schedule with any accuracy.
It adds: "Yet only seven months later the department chose to delay the whole project, adding £674m to forecast costs".
Alan Roufa, administrative manager for the East Plant, plans to develop a method for employees to track and forecast costs for each piece of equipment in their departments.
They suggest that energy planners need to forecast costs and schedules more realistically by integrating the empirical evidence for similar projects.
Note that only chronic diseases are relevant to insurers' risk adjustment, given that the aim of that procedure is to forecast costs.
The framework consists of a method for visualising cost uncertainty and a dependency model for quantifying and forecasting cost uncertainty.
The company forecast cost increases of 10 to 11 percent for the year and has raised its prices to offset that pressure.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com