Laserfiche WebLink
ORDER NO. PSC -2018 -0085 -PAA -EQ <br />DOCKET NO. 20170226 -EQ <br />PAGE 39 <br />FLORIDA POR'F.R & LTGHT COMPANY <br />Fewthilftj Revised Sheet No. 10311.1 <br />CancelsThir--iFourth Sheet No. 10311.1 <br />Lssued bv: S. F. Romig, Director, Rates and Tariffs <br />Etfeclivr: July 1jj1017 <br />9-3� <br />HXE:D VALUE Of DEFERRAL PAYMENTS - NORMAL CAPACITY OPTION PARAMETERS <br />Where, for a one year deferral: <br />Value <br />VAC, <br />= Company's value of avoided capacity and O&M, in dollars per Wovwdtt per month during month m; <br />S-�80 i 256 <br />Y. <br />= present value of partying charges for one dollar of investment over L years with carrying <br />charges computed acing average annual rate base and assented to be laid at the middle of cath year <br />and present valued to the middle ofthe first year, <br />4—SAP1 Si25 <br />1„ <br />- total direct and indirect cost, in mid -year dollars per kilowatt inchtding AFUDC but excluding C%FIP, <br />ofthe Comrpan y's Avoided Unit with an in-service date of ycam; <br />S;6&XM-41L8 <br />O„ <br />= total fixed operation and maintenance expense, for the year it in mid -year dollars <br />per lilowatt per year, ofthc Company's Avoided Unit; <br />$444-P- 5.59 <br />i, <br />annual escalation rate associated with the plant cost ofthe Company's Avoided Unit; <br />;1.92.501% <br />i, <br />- aminal escalation rate associated with the operation and maintenance expense ofthe <br />Company's Avoided Unit; <br />2.50%1 <br />T <br />annual discount rate, defined as the CmManVi incremental after-tax cast of capital; <br />-%,x+37.57% <br />1. <br />= cxpcetcd life ofthe Company's Avoided Unit; <br />40 <br />n <br />= year for which the Company's Avoided Unit is deferred starting with its original <br />anticipated in-service date and coding with the termination ofthe Standard Offer Contract. <br />4WQ2929 <br />FIXED VALUE OF DEFERRAL PAYMENTS- EARLY CAPACITY OPTION PARAMETERS <br />A,1 <br />= monthly capacitypayments to be made to the QS startirge on the year the QS elects to start receiving early capacity " <br />payments, in dollars per kilowatt per month; <br />it <br />= annual escalation rate associated with the plant cost ofthe Company's Avoided Unit; <br />34$,5Q95 <br />i, <br />= amid escalation rale associated with the operation and maintenance expense of the <br />Company's Avoided Unit; <br />2.50° o <br />n <br />= year for which early capacity payments to a QS arc to begin; (at the election ofthe QS early capacity payments <br />" <br />may commence anytime after the actual in-service date ofthe QS facility and before the anticipated <br />in-service dale ofthe Company's avoided mil) <br />!: <br />= the cumulative {resent value ofthe avoided capital cost component of capacity payments <br />which would have been nmdc had capacity payments commenoed with tie anticipated in-service <br />date ofthe CompwVs Avoided Unit and confinued for a period of 10 years; <br />$ABB=z1-o57.62 <br />r <br />annual discount rate, defined as the Company's incremental after-tax cost of capital; <br />t <br />= the tenn, in years, ofthe Standard Offer Contract for the purchase of firm capacity cornunencing ht the year <br />the QS deet: to sax rncciving early capacity pay mcnU prior to the in•scrv-icc date of the Company's <br />Avoided Unit; <br />G <br />the cumulative presentvalue ofthe avoided fixed operation and maintenance expense component of capacity <br />paymcntc which would hav c been made had capacity payments commenced with the anticipated in-scr ice <br />date ofthe Company's Avoided Unit and continued for a period of 10 years. <br />$144A --S 17,765 <br />Lssued bv: S. F. Romig, Director, Rates and Tariffs <br />Etfeclivr: July 1jj1017 <br />9-3� <br />