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ORDER NO. PSC -2018 -0314 -PAA -EQ <br />DOCKET NO. 20180073 -EQ <br />PAGE 74 <br />,4t5 DUKE <br />ENERGY. <br />Attachment A <br />Page 69 of 71 <br />SECTION No. IX <br />ELEVENTH-?WELFTH REVISED SHEET NO. 9.468 <br />CANCELS :FENP+ELEVENTH REVISED SHEET <br />NO. 9.468 <br />FIXED VALUE OF DEFERRAL PAYMENTS - <br />EARLY CAPACITY OPTION PARAMETERS <br />monthly avoided capital cost component of Capacity Payments to 3.47 <br />4-3 <br />be made to the RF/QF starting as early as two years prior to the <br />Avoided Unit In -Service Date, in dollars per kilowatt per month; <br />ip <br />= annual escalation rate associated with the plant cost of the <br />2.50% <br />Avoided Unit; <br />n <br />= year for which early Capacity '.Payments to a RP/QF are to <br />20252 <br />begin; <br />F <br />= the cumulative present value of the avoided capital cost <br />259.4276,35, <br />8 <br />component of Capacity Payments which would have been made <br />had Capacity Payments commenced with the anticipated in- <br />service date of the Avoided Unit and continued for a period of <br />10 years; <br />r <br />— annual discount rate, defined as DEF's incremental after-tax <br />2' 15(x% <br />cost of capital; <br />t <br />— the Term, in years, of the Contract for the purchase of firm <br />13 <br />capacity commencing prior to the in-service date of the Avoided <br />Unit; <br />G <br />— the cumulative present value of the avoided fixed operation and <br />418.40 <br />maintenance expense component of Capacity Payments which <br />would have been made had Capacity Payments commenced <br />with the anticipated in-service date of the Avoided Unit and <br />continued until the Termination Date. <br />ISSUED BY: Javier Portuondo, Mortaging Director, Rates & Regulatory Strategy - Fl. <br />EFFECTIVE: July43r204.7 <br />