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ORDER NO. PSC -2019 -0265 -PAA -EQ <br />DOCKET NO. 20190082 -EQ <br />PAGE 37 <br />FLORIDA POWER & LIGHT COMPANY <br />Attachment A <br />Original Sheet No. 10310 <br />(Continued from Sheet No. 10.309) <br />CALCULATION OF FIXED VALUE OF DEFERRAL PAYMENTS= LEVEi,17.ED AND EARLY L EVELI7.F.D CAPACITY — <br />OPTION C & OPTION D. RESPECTIVELY <br />Monthly fixed value of deferral payments for levelized and early levelized capacity shall be calculated as follows: <br />1% r <br />Pc — — x <br />12 1-(1+r)•1 <br />Where: <br />PL — the monthly levelized capacity payment, starting on or prior to the in- <br />service date of the Company's Avoided Unit(s); <br />F a the cumulative present. value, in the year that the contractual payments <br />will begin, of the avoided capital cost component Of the capacity <br />payments which would have been made had the capacity lx+yments not <br />been Ievelized; <br />r = the annual discount rate, defined as the Company's htcremenial ager -tax <br />cost of capital; <br />t = the tern, in years, of the Standard Offer Contract; <br />0 the monthly fixed operation and maintenance component of the capacity <br />payments, calculated in aceardance with calculation of the fixed valise of <br />deferral payments for the levelized capacity or the early levelized <br />capacity options. <br />Issued by: S. E. Romig, Director, Rates and Tariffs <br />Effective: May 22, 2007 <br />go) ?) <br />