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ORDER NO. PSC -2018 -0316 -PAA -EQ <br />DOCKET NO. 20180083 -EQ <br />PAGE 18 <br />Attachment A <br />First Revised Sheet No. 9.039 <br />FLORIDA POWER & LIGHT COMPANY Cancels Original Sheet No. 9.039 <br />(Continued from Sheet No. 9.038) <br />IO.IA After the close of each calendar quarter (March 31, June 30, September 30, and December 31) occurring subsequent to <br />the Capacity Delivery Date, the QS shall provide to FPL within ten (10) business days of the close of such calendar quarter with written <br />assurence and documentation (the "Security Documentation'), in form and substance acceptable to FPL, that the amount of the most recently <br />provided Termination Security is sufficient to cover the balance of the Termination Fee. In addition to the foregoing, at any time during the <br />term of this Contract, FPL shall have the right to request' and the QS shall be obligated to deliver within five (5) business days of such <br />request, such Security Documentation. Failure by the QS to comply with the requirements of this Section 10.1.3 shall be grounds for FPL to <br />draw in full on any existing Termination Fee Letter of Credit or Termination Fee Bond or to retain any Termination Fee Cash Collateral, and <br />to exercise any other remedies it may have hereunder to be applied against any Termination Fee that may be due and owing to FPL or that <br />may in the future be due and owing to FPL. <br />10.1.5 Upon any termination of this Contract following the Capacity Delivery Date, FPL shall be entitled to receive (and in the <br />case of the Termination Fee Letter of Credit or Termination Fee Bond, draw upon such Termination Fee Letter of Credit or Termination Fee <br />Bond) and retain one- hundred percent (100%) of the Termination Security to be applied against any Termination Fee that may be due and <br />owing to FPL or that may in the future be due and owing to FPL. FPL will transfer to the QS any proceeds and Termination Security <br />remaining after liquidation, setoff and/or application under this Article after satisfaction in Poll of all amounts payable by the QS with <br />respect to any Termination Fee or other obligations due to FPL; the QS in all events will remain liable for any amounts remaining unpaid <br />after any liquidation, set-ofl'and/or application under this Article. <br />10.2 The QS, as the Pledgor of the Termination Security, hereby pledges to FPL, as the secured Parry, as security for the <br />Termination Fee, and grants to FPL a first priority continuing security interest in, lien on and right of set-off against all Termination Security <br />transferred to or received by FPL hereunder. Upon the transfer or rearm by FPL to the QS of Termination Security, the security interest and <br />lien granted hereunder on that Termination Security will be released immediately and, to the extent possible, without any further action by <br />either party. <br />10.3 In lieu of any interest, dividends or other amounts paid or deemed to have been paid with respect to Termination Fee Cash <br />Collateral held by FPL (alt of which may be retained by FPL), FPL will transfer to the QS on a monthly basis the Interest Amount, Pursuant <br />to Section 9.7. <br />it. Performance Factor <br />FPL desires to provide an incentive to the QS to operate the Facility during on -peak and oiTpeak periods in a manner which <br />approximates the projected performance of FPVs Avoided Unit. A formuta to achieve this objective is attached as Appendix B. <br />(Continued on Sheet No, 9.040) <br />Issued by: S. E. Romig, Director, Rates and Tariffs <br />Effective: September 13, 2016 <br />