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07/03/2018 (3)
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07/03/2018 (3)
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Last modified
5/1/2025 2:21:44 PM
Creation date
8/21/2018 12:48:00 PM
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Meetings
Meeting Type
BCC Regular Meeting
Document Type
Agenda Packet
Meeting Date
07/03/2018
Meeting Body
Board of County Commissioners
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ORDER NO. PSC -2018 -0316 -PAA -EQ <br />DOCKET NO. 20180083 -EQ <br />PAGE 15 <br />Attachment A <br />Seean Third Re-0sed Sheet No. 9.036 <br />FLORIDA POWER & LIGHT COMPANY Cancels 44FstSecond Sheet No. 9.036 <br />(Continued from Shed No, 9.035) <br />8.4.0 After providing notice to the QS, FPL shall not be required to purchase or receive energy from the QS during any period in <br />which. due to operational circumstances, the purchase or receipt of such energy would result in FL'l,'s incurring costs greater than those <br />which it would incur if it did not make such purchases. An example of such no occurrence would be a period during which the load being <br />served is such that the generating units on line arc base load units operating at their minimum continuous ratings and the purchase of <br />additional energy would require taking a base load unit off the line and replacing the remaining load served by that unit with peaking -type <br />generation. FPL shall give the QS as much prior notice as practicable of its intent not to purchase or receive eturgy and firm capacity <br />pursuant to this Section. <br />8.4.7 If the Facility has a Committed Capacity less than 75 MW, control, scheduling and dispatch of firm capacity and energy shall <br />be the responsibility of the QS. If the Facility has a Committed Capacity greater than or equal to 75 MAr, then control, scheduling and <br />dispatch of firm capacity and energy shall be the responsibility ofthe QS, except during a "Dispatch Hour', i.e., any clock hour for which <br />FPI. requests the delivery of such capacity and energy. During any Dispatch Hour: (a) control ofthe Facility Dill either be by Sellers <br />manual control under the direction of Fpl. (whether orally or in writing) or by Automatic Generation Control by FPL's system control center <br />as determined by FPL, and (b) FPL may request that the real power output be at any level up to the Committed Capacity of the Facility. <br />provided, in no event shall FPI. require the real powweroutput ofthe Facility to be below the Facility's Minimum Load without deeommitting <br />the Facility. The Facility shall deliver lite capacity and energy requested by FPL within minatcs. taking into account tin: operating <br />limitations ofthe generating equipment as specified by the manufacturer. provided such time period specified heroin is considered reasonable <br />by prudent industry standards for the technology and equipmentbeing utilized and assuming die Facility Is operating at or above its <br />Minimum Load. Start-up time from Cold Shutdown and Facility Tumamund time from Hot to Hol will be taken into consideration provided <br />such are reasonable and consistent with prudent industry practices for the technology and equipment being utilized. The Facility's Operating <br />Characteristics have been provided by the QS and are set fonh fit Appendix D. Section IV of Ratc Schedule QS -2. <br />8.4.8 if the Facility has a Committed Capacity of less than 75 MA', FPL may require (luring certain periods, by oral, writu n, or <br />electronic notification that the QS cause the Facility to reduce output to a level below the Commined Capacity but not lower than the <br />Facility's Minimum Load. Fi'L shall provide as much notice as practicable, normally such notice will be of at least four (4) hours. The <br />frequency of such request shall not exceed eighteen (18) times per calendar year and the duration of each request shall not exceed four (4) <br />hours. <br />8.49 FPL's exercise of its rights under this Section 8 shall not give rise to any liability or payment obligation on the pan of FPL. <br />including any claim for breach of contract or fur breach of any covenant of good faith and fair dealing. <br />CompletionlPerrormance Security <br />The security content lated by this Section 9 constinnes securhv for- but is not a lintftntfnn of, QS's obligations hereunder and shall <br />not fie FEL's exclusive romedv for QS's falurc to txrfonn in ocenrdnnce with this Agreement. <br />9.1 As security for the achievement of the Guaranteed Capacity Delivep• Date and satisfactory perfomtance of its obligations <br />hereunder, the QS shall provide FPI, either: (n) an unconditional, irrevocable, standby letter of credits) with an expiration date no earlier <br />than the end of the first (Ist) anniversary of the Capacity Delivery Dae (or the next business day thereafter), issued by a U.S. commercial <br />bank or the U.S. branch ora foreign hank having a Credit Rating of A- or higher by SRP or A3 or higher by Moodys (a "Qualified Issuer'), <br />in fonn and substance acceptable fo FPL (including provisions (i) permi06ng partial and full draws and (ii) permitting FI'L to draw in full if <br />such letter of credit is not renewed or replaced as required by the terns hereof ut least thirty (30) business days prior to its expiration date) <br />C9.ettcr of Credit"): (b) a bund. issued by a financially sound Company acceptable to FPI. and in a form and substance acceptable to FPI„ <br />("Rond"): or (c) a cash collateral deposited %Alh FI'L ("Cash Collateral') (ony of (a), (b), or (c). the "CompletimtrPerfomtance Security'). <br />ComplelionlPcd'ormance Security shall be provided in the amount and by the date listed below; <br />(a) 550.00 per kW (for the number ofkW of Committed Capacity set forth in Section 5.1) to be delivered to FPL wvithin five (5) <br />business days ofthe Effective Date: and <br />(6)5100.00 per kA' (tor the number of kA' of Committed Capacity set forth in Section 5.1) to Itc delivered to FPL txvo years bcforc <br />the Guaranteed Capacity Delivery Date. <br />"Credit Racine" means wish respect to not, entity, on any date of determination, the respective ratings then assigned to such o city's <br />unsecured, senior long-term debt or deposit obligations (not supported by third party credit enhancement) by S&P, Moody's or other <br />spccificd rating agency or agencies or if such entity does not have a rating for its unsecured, senior long-term debt or deposit obligations, <br />then the rating assigned to such entity as its "corporate credit rating' by S&P. <br />`-z�m,aaos Mae- y4loveslr:r,,Seruit. htc tx i+wsocessuF <br />"S&P" means Standard R 1'oors Ratings Ciroup (a division of'1Tte McGraw -I fill Companies. Inc.) or fits successor. <br />Effective: <br />Q Is <br />
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