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ORDER NO. PSC -2017 -0336 -PAA -EQ <br />DOCKET NO. 20170072 -EQ <br />PAGE 23 <br />Attachment A <br />DUKE <br />1 ENERGY. <br />3. Term of Contract <br />SECTION No. IX <br />i6N144€LEVENTH REVISED SHEET NO. 9.415 <br />CANCELS NI441-TENTH REVISED SHEET NO. <br />9.415 <br />Except as otherwise provided herein, this Contract shall become effective immediately upon its <br />execution by the Parties and shall end at 12:01 a.m. on the Termination Date, (the "Tenn") <br />unless terminated earlier in accordance with the provisions hereof Notwithstanding the <br />foregoing, if the Capacity Delivery Date of the Facility is not accomplished by the RF/QF before <br />the Required Capacity Delivery Date (or such later date as may be permitted by DEF pursuant to <br />Section 7), this Contract shall be rendered null and void and DEFs shall have no obligations <br />under this Contract. <br />4. Minimum Specifications and Milestones. <br />As required by FPSC Rule 25-17.0832(4)(e), the minimum specifications pertaining to this <br />Contract and milestone dates are as follows: <br />Avoided Unit <br />Undesignated Combustion Turbine <br />Avoided Unit Capacity <br />228849 MW <br />Avoided Unit In -Service Date <br />June 1, 2024 <br />Avoided Unit Heat Rate <br />10,672839 BTU/kWh <br />Avoided Unit Variable O&M <br />0.09511152¢ per kWh in mid -20176 dollars <br />escalating annually at 2.50% <br />Avoided Unit Life <br />35 year; <br />Capacity Payments begin <br />Avoided Unit In -Service Date unless Option B, <br />or D is selected or amended in Appendix E <br />Termination Date <br />May 31, 2034 (10 years) unless amended in <br />Appendix E <br />Minimum Performance Standards — On <br />Peak Availability Factor* <br />95% <br />Minimum Performance Standards — Off <br />Peak Availability Factor <br />95% <br />Minimum Availability Factor Required to <br />qualify for a Capacity payment <br />75% <br />Expiration Date <br />April 1, 2018-7 <br />Completed Permits Date <br />June 1, 2022 <br />Exemplary Early Capacity Payment Date <br />January 1, 20228 <br />* RF/QF performance shall be as measured and/or described in Appendix A. <br />ISSUED BY: Javier Portuorato, Dtroetor, Rates 8 Regulatory Strategy - R. <br />1 EFFECTIVE .Juno -0,2016 <br />