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ORDER NO. PSC -2018 -0316 -PAA -EQ <br />DOCKET NO. 20180083 -EQ <br />PAGE 40 <br />FLORIDA POWER&LIGHTCOMI1 ANV <br />Attachment A <br />Af"ixth Revised Sheet No. 10311.1 <br />Cancels 44itif€hl iflh Sheet No.10.311.1 <br />1'L+\SffhPO\\"I:RC'I:Rf"iIASP`Da>.GRFF�iF�TFINED%.U.UEOFDEFERRAI.P.tN';•IE\7S NORJIALCAPACITYOPTIO\ <br />PAILAMETF.RS <br />Where, lbr a one year deferral: <br />Value <br />VAC. <br />= Company's value of avoided capacity and OR,M, fit doltais per kilovvntt per month, during month m; <br />S;44fi2600 <br />K <br />= present value of cam ing charges for one dollar of bwcstmcnt over L years wilhcarrying <br />charges computed using average aminal rate base and assumed to be paid at the middle of cath year <br />and present valued to the middle of the first year: <br />t L)?Sl <br />l0 <br />total direct and indirect cost, in mid -year dollars per kilooatt including AFUDC but excluding CWIP, <br />of the Company's Avoided Unit with an in-scir icc date ofycam: <br />S HBA <br />O <br />= total fixed operation and maintenance expense, for the yearn in mid -your dollars <br />per kilowatt per year, ol'the Company's Avoided Unit: <br />S l3 SiitiQ <br />fa <br />= annual escalation rate associated with the plant cost ofthc Company's Avoided Unit: <br />2.511;0 <br />b <br />= annual escalation rate nssociated with the operation and maintenance expense ofthe <br />Company's Avoided knit; <br />2.50 <br />r <br />= annual discount rate. defined as the Company s incremental after-tax cost ofcapitai: <br />? 776010 <br />L <br />= expected life ofthe Compan.%s Avoided Unit: <br />dal <br />n <br />= year for which the Company's Avoided Unit is deferred starting with its original <br />anticipated in -sen ice %laic and ending with the tcnninadun of the Standard Offer Contract. <br />20-429Imo' <br />FIXED VALUE OF DEFERRAL PAY.-NIFKI'S-FARIA' CAPACffl' OPTION PARA'-M-7ERS <br />A. <br />= monthly capacity payments to be made to the QS staning on the year the QS elects to start receiving early capacity ' <br />payments, in dollars per kilowatt per month; <br />it <br />annual escalation rile associated with the phut cost ofthe Company's Avoided Unit: <br />2.S1M0 <br />i, <br />= annual escalation rate associated with dtc operation and maintenance expense orthe <br />Company%Avoided Unit; <br />2.500.0 <br />n <br />= year for which early capacity payments to a QS arc to begin: (at the election ofthc QS carty capacity payments <br />' <br />may Lrontmenee anytime after the actual in-service date ofthe QS facility and heforc the anticipated <br />in-service date of dlc Company's avoided unit) <br />F <br />= the cumulative present Value of the avoided capital cost component of Capacity payments <br />which would have been made had capacity payments commenced with the anticipated in-service <br />date orthe Company's Avoided Unit and continued for a period of 10 years: <br />566,7,Q; A <br />r= <br />afoul discount rate, defined as the Company's incremental atierrlax cost ofcapftal; <br />a-5.77.76% <br />t <br />= the tern, in years. of ncc Standard Offer Contract for the purchase of firm capacity commencing in the year <br />the QS elects to start receiving early capacity payments prior to the in-scr�ice date of the Company s <br />Avoided Unit. <br />G <br />the cumulative present vahic'ofthe avoided fixed operation and maintenance expense component of capacity <br />payments which would have been made had capacity paymcnis commenced with the anticipated in-service <br />date ofthe Company's Avoided Unit and continued for a period of 10 years. <br />Si f3 �G3 <br />tl <br />From Appendix E <br />Issued by: 8. `fiffanv Cohen, Director, Rates and Tariffs <br />Effective: Februarry 194018 <br />