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ORDER NO. PSC -2018 -0085 -PAA -EQ <br />DOCKET NO. 20170226 -EQ <br />PAGE 37 <br />P1.(DZWAM)Wk.K& IAGHl UUWANY UngnnlllheelNO. IUJIV <br />(Continued from Sheet No. 10.309) <br />CALf:ULATION OF FIXED VALUE OF DFFFRRAT, PAYI4FNTS— LFW..LI7,ED AND FARLY LFVF.id7.F.D CAPACITY — <br />OPTION C &c OPTION D. RESPECTIVELY <br />Nlantldy fixed value of deferral paymtents for levelized and early levelized capacity shall be calculated as follows: <br />Issued Im S. E. Romig, Director, Rates and Tariffs <br />Effective: May 22, 2007 <br />q-31 <br />r + O <br />12 1 <br />\Vhere: <br />Pa, = <br />the moriddy levelized capacity payment, startling on or prior to the in- <br />service date of the Company's Avoided Unit(s); <br />F - <br />the cumulative present value, in Ute year tint the contractual payments <br />will bct in, of the avoid -d capital wd component of the capacity <br />payrncttts wluolr would have been trndc lnd Urc capacity payments not <br />been levetized; <br />r = <br />the armmil discount rate, defined as the Company's incremental after-tax <br />cost of capital; <br />t = <br />the team in years, of the Standard Ower Contract; <br />O = <br />die monthly fixed operation and maintenance component of the capacity <br />payments, calculated in accordance with calculation of the fixed value of <br />deferral payments for the levelized capacity or the early levelized <br />capacity options. <br />Issued Im S. E. Romig, Director, Rates and Tariffs <br />Effective: May 22, 2007 <br />q-31 <br />