Laserfiche WebLink
ORDER NO. PSC -2019 -0220 -TRF -EI <br />DOCKET NO. 20190034 -EI <br />PAGE 13 <br />FLORIDA POWER & LIGHT COMPANY <br />Attachment B <br />Page 4 of 9 <br />Original Sheet No. 9.814 <br />(d) <br />(Continued from Sheet No. 9.813) <br />Risk of Loss to Equipment (Company Responsibility). in the event the Equipment is damaged and is <br />not a Customer Casualty. the Company will repair or replace the Equipment at Company's cost, or, in <br />the event that Equipment is so severely damaged that substantial replacement is necessary, the <br />Company may in its sole discretion either (i) terminate this Agreement for its convenience upon <br />written notice to Customer, provided that Company will have have the right to remove the Equipment <br />at its cost within n reasonable period of time. and Customer will be obligated to pay any outstanding <br />Monthly Service Payments and applicable taxes for Service provided to Customer up to and through <br />the date the Equipment was damaged, or (ii) replace the Equipment and adjust the Monthly Service <br />Payments to reflect the new in-place cost of the Equipment Tess the in-place cost of the replaced <br />Equipment. For the avoidance of doubt, Company has the right, but not the obligation, to access and <br />remove any and all Equipment. at its sole discretion. Title to Equipment that Company elects not to <br />remove shall transfer to Customer upon written notice by Company to Customer of such an election. <br />13. Exnlration or Termination of Agreement. <br />(a) Early Termination for Convenience by Customer. Subject to the obligation of Customer to pay <br />Company the Termination Fee (as defined below). the Customer has the right to terminate this <br />Agreement for its convenience upon written notice to Company at least one -hundred eighty (180) <br />days prior to the effective date of termination. The "Termination Fee" will be an amount equal to (i) <br />nny outstanding Monthly Service Payments and applicable taxes for Service provided to Customer <br />prior to the effective date of termination, plus (ii) any unrecovered maintenance costs expended by <br />Company prior to the effective date of termination, plus (iii) the unrecovered capital costs of the <br />Equipment less any salvage value of Equipment removed by Company, plus (iv) any removal cost of <br />any Equipment, minus (v) any payment security amounts recovered by the Company under Section 7 <br />(Customer Credit Requirements). For the avoidance of doubt, Company has the right, but not the <br />obligation, to Recess and remove any and all Equipment, at its sole discretion. Title to Equipment that <br />Company elects not to remove shall transfer to Customer upon written notice by Company to <br />Customer of such an cicction. Company will invoice Customer the Termination Fee. due and payable <br />by Customer within thirty (30) days of the date of such invoice. Company's invoice may include an <br />estimated salvage value of Equipment removed by Company. Company retains the right to invoice <br />Customer trued upon actual salvage value within one -hundred eighty (180) days of the date of <br />Company's removal of Equipment <br />(b) Early Termination by Comnanv for Convenience or by Comnanv Due to Chance In Law. The <br />Company has the right to terminate this Agreement for its convenience upon written notice to <br />Customer at least one -hundred eighty (180) days prior to the effective date of termination, or, in <br />whole or in pan, immediately upon written notice to Customer as a result of FPSC actions or change <br />in applicable laws, rules, regulations, ordinances or applicable permits of any federal. state or local <br />authority, or of any agency thereof, that have the effect of terminating. limiting or otherwise <br />prohibiting Company's ability to provide the Service. Upon a termination for convenience by <br />Company pursuant to this Section 13(h).. Customer must choose to either: (i) Ptuchase the Equipment <br />upon payment of (A) a transfer price mutually agreeable to Company and Customer, plus (B) <br />Company's cost to reconfigure the Equipment to accept standard electric sen•ice from the Company. <br />plus (C) any outstanding Monthly Service Payments and applicable taxes for Sen'icc provided to <br />Cuszomer prior to the effective date of termination. plus (D) any unrecovered maintenance costs <br />expended by Company prior to the effective date of termination. minus (E) any cash security held by <br />thc Company under this Agreement or (ii) Request that Company remove the Equipment, at <br />Company's sole cost. within a reasonable time period, provided that, for thc avoidance of doubt, <br />Company has the right, but not the obligation, to access and remove any and all Equipment, at its sole <br />discretion. Title to Equipment that Company elects not to remove shall transfer to Customer upon <br />written notice by Company to Customer of such an election. If Customer and Company cannot reach <br />agreement as to the transfer price of the Equipment within ninety (90) days of Company's notice of <br />termination for convenience, Customer shall be deemed to have elected the request for Company to <br />remove the Equipment <br />(Continue on Sheet No. 9.815) <br />Issued by: Tiffany Cohen, Director, Rates and Tariffs <br />Effective: <br />rn <br />