07/03/2018 (3) - Laserfiche WebLink

Home Browse Search

ORDER NO. PSC -2018 -0316 -PAA -EQ DOCKET NO. 20180083 -EQ PAGE 42 FLORIDA POWER & LiGHT COMPANY Attachment A Original Sheet No. (0.311.3 Issued by: Tiffany Cohen, Director, Rates and Tariffs Effective: -�)4,,)- 2028 AVOIDED UNIT FIXED VALUE OF DEFERRAL PAYMENTS • NORNIAL CAPACITY OPTION PARANIETF.RS Where, for a one ycnr dcrcrral: YRiE VACm Company's valucof avoided capacity- and O&M. in dollars per kilowatt per nionlh, dorinp month an: 56.852 K present value ofcarrying chnrgcg for one dollar orinvesimeril over L yearg With cairrying charges Computed using nremp annual etc base and assumed to he paid at the middle orctch year and preseal valued to lite middle ofthe first year. 1.4413 1„ - total direct and indirect cost, in midyv_u dollars per kilowatt including AFVDC but excluding CWIP, orlhC Company's Avoided Unit with 8n in -survive data orycam: $822.98 O„ - total fixed operation and mnintenance expense. for the year n, in mid -year dollars per ldiowan peryear, of the Cornpany,c Avoided Unit: 515.28 it, = annual escalation rate associated with the plant cost ofthe Company's Avoided Unit: 2.50% io . natural escalation rate associated with the alienation and ntainlenancc expense ofihe Company's Avoided Unit; 250% r annual discount rate, defined as the Company's incremental after-tax mgt of capital: 7.76% 9. = expected life ofthc Company's Avoided Unit: 40 n = year for vvilich the Compatn's Avoided Unit is deferred starting with its original anticipated in-service date and ending vvilh the termination ofthe Standard OD'cr Contract. 2028 FIXED VALVE OI' DEFERRAL PAYMENTS- EYRLI' (:APA(7TV OPTION PARANIETERS Am = monthly capacity payments to be made to the QS starting on the year the QS ckog to slim receiving Carty capacity paymcnlx in dollars per kilowatt per month; it, = annual escalation rate associated with the plant cast of the Company's Avoided Unit. M01 ir, annual escalation rate ussoelated avith the operation and maintenance cxpvK+a ofthe Company's Avoided Unit: 2 i0 n R year for Which early capacity payments to a QS an to hcuin: (nt the cicefion orthe QS early capacity payanents ' rally commence anytima ager the actual in-servica date ofthe QS facility and before lite anticipated in-scn icc date ofthe Company's avoided unit) F the cumulative present value orthe avoided capital cost component ol'cupacity payments Which would have been madc had capacity payments commenced with die runieipated in-service date ofthe Company's Avoided Unit and continued for n period nl' 10 +'car;: 5615.50 r - mutual discount rule, defined as arc Company s incremental after -tux east orcaph nl: 7.76% I the term, in years. orthe Standard Olfcr Contract for the purchase of flat capacity commencing in the year die QS deals to start receiving Cart' capacity puyntents prior to the in sscrvice dale ortlie Cnrnpaayys Avoided Unit: 6 c lite cumulative present v'nluc orthe avoided fixed operation and maintenance expense component orcapacity pnyrnents+vhich would have been made had cnpncitypaymcnLs commenced with tine anticipated in-service date of the Company's Avoided Unit and continued for period of 10 ycars: S114 -IN *From Appendix L Issued by: Tiffany Cohen, Director, Rates and Tariffs Effective: -�)4,,)-