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ORDER NO. PSC -2017 -0336 -PAA -EQ
<br />DOCKET NO. 20170072 -EQ
<br />PAGE 3
<br />Estimated Annual Payments to a 50 MW Renewable Facility
<br />95% Capacity Factor
<br />Year
<br />Energy
<br />Payment
<br />Capacity Payment (By Type)
<br />Normal
<br />Levelized
<br />Early
<br />Early
<br />Levelized
<br />$(000)
<br />$(000)
<br />$(000)
<br />$(000)
<br />$(000)
<br />2018
<br />10,914
<br />-
<br />--
<br />-
<br />2019
<br />8,896
<br />-
<br />--
<br />-
<br />2020
<br />7,374
<br />-
<br />--
<br />-
<br />2021
<br />7,703
<br />-
<br />--
<br />-
<br />2022
<br />8,159
<br />-
<br />-
<br />2,003
<br />2,321
<br />2023
<br />8,417
<br />-
<br />-
<br />2,054
<br />2,324
<br />2024
<br />8,784
<br />1,529
<br />1,751
<br />2,105
<br />2,328
<br />2025
<br />9,122
<br />2,687
<br />3,007
<br />2,158
<br />2,332
<br />2026
<br />9,518
<br />2,754
<br />3,012
<br />2,211
<br />2,335
<br />2027
<br />9,654
<br />2,823
<br />3,016
<br />2,267
<br />2,339
<br />2028
<br />9,856
<br />2,894
<br />3,021
<br />2,323
<br />2,343
<br />2029
<br />10,073
<br />2,966
<br />3,026
<br />2,382
<br />2,347
<br />2030
<br />10,307
<br />3,040
<br />3,032
<br />2,441
<br />2,351
<br />2031
<br />10,801
<br />3,116
<br />3,037
<br />2,502
<br />2,356
<br />2032
<br />11,373
<br />3,194
<br />3,042
<br />2,565
<br />2,360
<br />2033
<br />11,738
<br />3,274
<br />3,048
<br />2,629
<br />2,365
<br />2034
<br />12,126
<br />3,356
<br />3,054
<br />2,694
<br />2,369
<br />2035
<br />12,728
<br />3,440
<br />3,060
<br />2,762
<br />2,374
<br />2036
<br />13,245
<br />3,526
<br />3,066
<br />2,831
<br />2,379
<br />2037
<br />13,811
<br />3,614
<br />3,072
<br />2,902
<br />2,384
<br />Total
<br />204,600
<br />42,211
<br />41,244
<br />38,828
<br />37,606
<br />NPV (2018$)
<br />100,862
<br />16,647
<br />16,647
<br />16,647
<br />16,647
<br />Along with the updated avoided unit and payment information, DEF's 2017 revised
<br />amended standard offer contract includes content not seen in previous versions. Section 6.3
<br />requires any RF/QF wishing to sell environmental attributes (EAs) to provide notice to DEF of
<br />its intent to sell the EAs, along with a "reasonable opportunity to offer to purchase such EAs."
<br />We asked DEF to provide an explanation of the term "reasonable opportunity," along with a
<br />discussion of how this term relates to the right of first refusal, which was expressly disallowed in
<br />standard offer contracts. DEF responded that a reasonable opportunity simply means that it
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