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Docket No. 170077 -EQ <br />Date: June 29, 2017 <br />FLORMA <br />I <br />Attachment A <br />Page 31 of 42 <br />(Cotttinnod from Shoat No.10-M) <br />CAL jATfONOFFIXEDVALUEOFDEFERRALPAYM NMS-EARLYCAPACRY-0PTIONB <br />Normally, payments for firm capacity shall not commerce until the in-service date of the Companys Avoided Units} At theoption of the QS, however, <br />the Company may begin making payments for early capacity candIting of the capital cost component of the value of a year by yar defend of the <br />. Companys Avodcd Unit starting as early as the in-service date of the QS facility. When such payments for arty capacity am dotted, the avoided capital <br />coat component of eepacity payments shell be paid manddy commencing no earlier then the Capacity Delivery Doto of the QS, and shall be calculated as <br />m <br />Am_44c(1+fpPi) +Aa0+iof •q <br />for m=ltol <br />12 12 <br />folkawa. <br />Where <br />A. monthly paymcnistobemade tothe QSfor cub month oftheaomanctyear a. <br />in dollars per idlowatt per month in which QS delivers capacity pursuant to <br />theeuly capacity °pti-, <br />b - amuual escalation rate associated with the plant cost of the Company's <br />Avoided Uait(sX <br />ib annual escalation rate associated with Ike operation and maintenance expense <br />of ike CompanysAvoided Unit(ax <br />In - year for which the reed valca of deferral payments under the early Capacity <br />option inti mads to a QS, starting in yarone and ending in iheyear t: <br />t - Uro term, in yeam of the Standard O1ferConttact; <br />Ae = F I (I-RY(1 -R r)I <br />F the cumulative present value, in the year that the contractual payments will begin, of the evaded <br />capital cost component of capacity payments which would have been made had capacity <br />payments commenced with the anticipated in-service date of the Companys Avoided Unit(sx <br />R - 0-ip)10+0 <br />r = annual discount row, defined as the Companyesmcmnenedafter-tax east ofcapimi:and <br />A. — G I (1 - R)/(1 - R r)I <br />Where. <br />O The cumulative present value, in the year that the contractual payments will begin, of tyro avoided <br />fixed operation and maintenance expose component of capacity payments which would have been <br />made had capacity payments commenced with the anticipated ice- twice date of the Company's <br />Avoided Lkk4 <br />R (1=io)/(1-r) <br />The currently approved parameters applicable to the f a muhss above ate f n ad in Appendix IL <br />(Continttod onShcdNo. 10.310) <br />Issued by,.S. E. Romig, Director, Rates and Tariffs <br />Effective: May 22, 2007 <br />-36- <br />