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ORDER NO. PSC -2019 -0265 -PAA -EQ DOCKET NO. 20190082 -EQ PAGE 45 FLORIDA POWER & LIGHT COMPANY Attachment A Original Sheet No. 10314 APPENDIX C TO THE STANDARD OFFER CONTRACT TERMINATION FEE The Termination Fee shall be the sum of the values for each month beginning with the month in which the Copaeity Delivery Date occurs through the month of -termination (or month of calculation, as the case may be), computed according to the following formula: Termination Fee =Termination Fee applicable to Capacity Payment Option plus Termination Fee applicable to Fixed Firm Energy Option Termination Fee applicable to Capacity Payment Options 13. C. D and E n E (ClIv3, - MCtt.,) x tc`"i ttilk MCF( - 0 for all periods prior to the in-nentiee date of the Company's Avoided Unit, where' i = number elute Monthly Billing Period commencing with thc'Capacity Delivery Date (i.e., the month in which Capacity Delivery Date occurs = I; the month following the month in which Capacity Delivery Date occurs= 2; etc) n = the number of Monthly Billing Periods, which have elapsed from the month in which the Capacity Delivery 1)ate occurs through the month of termination (or month of calculation, ns the cure maybe) l the future value aim amount factor neoessary to compound a sum monthly to the annual percentage rate derived will equal FPL's incremental after-tax avoided cost of capital (defined as r iia QS -2). For any Monthly Billing Period in which NICPC; is greater than MCP,.1 shall equal I. MCP, - Monthly Capacity Payment paid to QS corresponding to the Monthly Billing Period i, calculated in accordance with Appendix B. MCPC, = Monthly Capacity Payment for Option A corresponding to the Monthly Billing Period i, calculated in accordance with QS -2 in the event that for any Monthly Billing Period, the computation of the value of the Capacity Payment Termination Fee for such Monthly Billing Period (asset forth above) yields a valve equal to or greater than zero, the amrnmt of the Capacity Payment Temuination Fee shall be increased by the amount of such value. In the event that for any Monthly Billing Period, the computation of the value of the Capacity Payment Termination Fee for such Monthly Billing Period (as set forth above) yields a value less than zero, the amount of the Capacity Payment Termination Fee shall be dceerascd by the amount of such value expressed as a positive number (the `Initial Reduction Valne"); provided, however, that such initial Reduction Value shall be subject to the following adjustments (the Initial Reduction Value, as adjusted, the "Reduction Value"): a. In the event that in the applicable Monthly Billing Period the Annual Capacity Billing Factor (ACBE), as defined in Appendix Bis less than 8046, then -the Initial Reduction Value shall be adjusted to equal zero (Reduction Value = 0), and the Capacity Payment Termination Fee shall not be reduced for the applicable Mmithly Billing Period. b. In the event that in the applicable Monthly Billing Period the Annual Capacity Billing Factor (ACBF), as defined in Appendix 13, is equal to or greater than S0% but less than 9716, then the Reduction Value shall be determined as follows: Redaction Valite =Initial Reda -tion Value x [0.04 x (ACBF - 72)] For the applicable Monody Billing Period, the Termination Fee shall be reduced by the amount of such Reduction Value, In no event shall FPI, be liable to the QS at any time for any amount by which the Capacity Payment Termination fee, udjucted in aecord:mce with the foregoing, is less than zero (0). Termination Fee applicable to the Fixed Firm Enerev Payment Option T) Prior to in-service date of avoided unit The Termination Fee for the Fixed Finn Energy Option shall be equal to the cumulative sum (like Fixed Finn Energy Payments made to the QS pursuant to Option D, starting with the in-service date of the QS facility, for each billing cycle. Such number shall reach the maximum amount on the billing eyrie imnieiliatelypreceding the billing cycle associated with the in-service date of the Avoided Unit, After in-service date of avoided unit: The Tern i,utli t Fee shall be decreased sada billing cyte following the in-service date of the avoided unit by an amount equal to the difference between the projected Fixed Energy Cost that was used in the calculation to determine the base energy most to be fixed and amortized pinauma to Option I) for such tilling cycle and the amortized Fired Fin Energy Payment in cents/KW H times the energy dcliyercd by the QS not to exceed the MWH block apecified in Appendix E. Issued 1 S. E. Romig, Director, Rates and Tariffs k lTectiv e: May 22, 2007