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12/17/2014 (3)
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12/17/2014 (3)
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Last modified
6/27/2018 4:15:40 PM
Creation date
3/23/2016 9:09:39 AM
Metadata
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Template:
Meetings
Meeting Type
BCC Joint Meeting
Document Type
Agenda Packet
Meeting Date
12/17/2014
Meeting Body
Board of County Commissioners
Town of Indian River Shores
Book and Page
140
Subject
Florida Governmental Conflict Resolution Process
Electric Rates
Supplemental fields
FilePath
H:\Indian River\Network Files\SL00000H\S0005BI.tif
SmeadsoftID
14486
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ATTACBI!SIW B <br /> Page 1 of 3 <br /> „ Orlando Utilities Con mdWon Discussion Points in <br /> Bespome to City of Vero Bead Bequest for Modification to PPA <br /> October 20,2014 <br /> Source of CapadVIEnergy: Remains as OUC system sale,for both the Base Capacity and the Peaking <br /> CePackY• <br /> Term: Base Capacity: Beginning on the Amendment Rrhe ive Date and <br /> g ftr the mmainki;team of tic PPA,with the option of OUC to <br /> tmminme no earlier than 2020 upon 2 yeah'prior written notice. If OUC <br /> gives notice oftmInination,OUC and Vmu Bouch well negotiate in good <br /> faith to reach agreement on now marlmt based terms and conditions for <br /> renewal and cxtensicm;provided,that neither party is obligated to agnea to <br /> any such extonsiom. <br /> Peak®gm y:Begiming upon the Amendment Effective Date and <br /> conti mmHg Am the remaining farm of the PPIS,with the option of OUC to <br /> U rmwat�e no earlier than 2024,vpm 2 years'Prior written notice.If OUC <br /> BMW notice of termination,OUC and VeroBeach will negotiate in good <br /> faith to reach agmcu of on new marlmt based tams and Gond mm for <br /> renewal and a xtensim;provided,Out neidw party is obligated to agree to <br /> any such extsnalon. <br /> Contract Cspsdty: Haas C anseity SS MW minimum taloa regWr mont,with the capacity <br /> calculated as is currently provided in the PPA(mkstitutigg the Pealorng <br /> C.apsaity for the Venn combined cycle gen<aatiom). <br /> ►kw Peaking Caemci 54 MW of peal king capacity based on a lice rate of <br /> 11,500 Btuc/RWH. <br /> Gpaity Ckarges Soo Attudl m mg A <br /> Ewa Charge Ban Emu Calculated as is uun=tky in the PPA <br /> Pig D me¢v Charge: <br /> The Hourly Energy Rate(S/MWII)_[(Index+$0.78)*11.5]+ $S/MWfI <br /> VOM <br /> Indent—g1urida Zane 3 midpoint as posted in Platt's Gras Dadyi, <br /> Imisians omhm>Sauth divided by(1-FGT Fuel Smobatge affeetim for <br /> that month in rise DeliveryPeriod)]+FGT's FTS-1 Usage Rate effective fur <br /> that in the Delivery Period <br /> TYamadmion Charge $ase Capacity: OUC published tela <br /> Eaddagcapac�it : OUC published tariff. <br /> w.. Par 1 <br /> 1t7 <br />
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