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ORDER NO. PSC -2019=0265 -PAA -EQ <br />DOCKET NO. 20190082 -EQ <br />PAGE 39 <br />FLORIDA POWER & LIGHT COMPANY <br />Attachment A <br />SiidhSeventh Revised Sheet No. 10311.1 <br />Cancels FifinSixth Revised Sheet No. 10.311.1 <br />r <br />Where, for a one year deferral: <br />026 AVOIDED UNIT FIXED VALUE OF DEFERRAL PAYMENTS _ NORMAL CAPACITY <br />OPTION PARAMETERS <br />Value <br />VAC,„ Company's value of avoided capacity.and O&M, in dollars per kilowatt per month, daring month m;S?:0005.4498 <br />K = present value of carrying charges for one dollar of investment overt years with carrying <br />Charges computed using average annual rate base and assumed to be paid at the middle ofeach year <br />and present valued to the ndddle of the first year. 44 :1026 <br />I„ s total direct and indirect cost, in midyear dollars per kilowatt including AFUDC but excluding CWIP, <br />of the Contlxir 's Avoided Unit with an'in-service date of yearn; SN4695.81 <br />O„ = total fixed operation and maintenance expense, for the year n, in mid -year dollars <br />per kilowatt per year, of the Company's Avoided Unit; SNA14.42 <br />ip - annual escalation rate associated with the plant cost of the Company's Avoided Unit; 2,50% <br />atinuat escalation rare associated with the operation and maintenance expense of the <br />Company's Avoided Unit; 2.50% <br />= annual diseourit rate, defined as the Company'sMcinternal after-tax cost of capital; :46.7.73% <br />L = expected life of the Company's Avoided Unit; 4.40 <br />n = year for which the Company's Avoided Unit is deferred starting with its original <br />anticipated in-service date and ending with the termination of the Standard Offer Contract. x0492026 <br />FIXED VALUE OF DEFERRAL PAYMENTS - EARLY CAPACITY OPTION PARAMETERS <br />Am = monthly capacity payments to be made to the QS starting on the year the QS elects to start receiving early capacity <br />payments, in dollars per kilowatt per month; <br />annual escalation rate associated with the plant cost of the Company's Avoided Unit; <br />2.50% <br />io annual escalation rate associated with the operation and maintenance expense of the <br />Company's Avoided Unit; 2,50% <br />n = year-forwhichearly capacity payments to a QS are to bcgan (at the election of the: QS early capacity payments <br />may commence anytime after the actual in-service date of the QS facility and before the anticipated <br />in-service date of the Company's avoided unit) <br />F = 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 of the Company's Avoided Unit and continued fora period of 10 years; sNAg90.15 <br />r annual diseourd rate, defined as the Company's incremental after-tax cost of capital; 4447.73% <br />G <br />the term, in years, of the Standard Offer Contact for the purchase of turn capacity commencing in the year <br />the QS elects to start receiving early capacity payments prior to the in-service date of the Company's <br />Avoided Unit; <br />the cumulative present value of the avoided fixed operation and maintenance expense component of capacity <br />payments which would have been made had capacity payments commenced with the anticipated in-service <br />date of the Company's Avoided Unit and continued fol a period of 10 yeas: <br />' "FromAnnendix E <br />$0108:99 <br />Issued by: Tiffany Cohen, Director, Rates and Tariffs <br />Effective: JuneS,4018 <br />Lis <br />