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07/07/2020
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07/07/2020
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8/19/2020 2:15:38 PM
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Meetings
Meeting Type
BCC Regular Meeting
Document Type
Agenda Packet
Meeting Date
07/07/2020
Meeting Body
Board of County Commissioners
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ORDER NO. PSC -2020 -0212 -PAA -EQ <br />DOCKET NO. 20200114 -EQ <br />PAGE 15 <br />FLORIDA 'POWER & UGi1T COMPANY <br />Attachment A <br />Third Revised Sheet No. 9.036 <br />Cancels Second Sheet No. 9.036 <br />(Continuer! from Short No. 9.035) <br />8.44 ARM pietiding notice to the QS, FPi. shall not be required to purchase or retake mnar& from the QS during anyperiod in <br />which, due to operational circumstances, the purchase or receipt of such energy would result in FPL's incurring costs greater than those <br />which it would incur if it did not make such purchases. An example. of such an occurrence would be a period during-nhich the load being <br />served is such that the generating units on line are base load units opeiattng at their minimum continuous ratings and the Purchase of <br />additional energy would regtiire taking a base load unit off t the line and replacing the remaining load served by that unfit with pealdng-type <br />generation. FPL shall .give thc QS as much prior notice as practicable of its intent not to purchase or receive energy and firm capacity <br />pursttant to this Section. <br />8A:7 If thc Facility has, a'Committed Capacity less than 75 MW, control, scheduling and dispatch of firm capacity and energy shall <br />be the responsibility of the QS. If the Facility has a Communed Capacity greater than or equal to 75 MW, then control, scheduling and <br />dispatch of firm capacity and energy shall be the responsibility of the QS, except during a "Dispatch Hour', i.5., any clock hour for'which <br />FPI. requests the delivery of such capacity and energy. During any Dispatch Hour. (a) control of the Facility will either be by Seller's <br />manual control raider the direction of FPL.(whclher Orally or in writing) or by Automatic Generation Contrd by FPL's system control center <br />as determined by FPL, and (h) .FPI. may request that the real power output be at any level tat to the Committed Capacity of the Facility, <br />provided, in no event shall FPL require the real power output Facility to be below the Facility's Minimum Lead without decomnitting <br />the Facility. The Facility shall deliver the capacity and energy requested by FPi. witltin :minutes, taking into account the operating <br />limitations of the generating equipment as specified by the manufacture'', provided such trine period specified herein is considered reasonable <br />by Prudent industry standards for .the reel/1101,4y and equipment being tdilized and assuming the Facility is operating at or above its <br />Minimum Load. Start-up time front Cold Shutdown and Facility Turnaround time from Hee to Hot will be taken into consideration provided <br />such are reasonable and consistent with prudent industry practices for due teclmology and equipment being utilized. The Facility's Operating <br />Characteristics have been provided bythc QS and are set forth in Appendix 1), Section IV of Rate Schedule QS -2. <br />8A.8:1f the Facility las a Committed Capacity of less than 75 MW, FPL rimy require during certain periods, by oral, written or <br />electronic notification that the QS cause the Facility to reduce output to o •level below the Committed Capacity but not lower than the <br />Facility's Minimum Load. FPL shall provide as notch notice as practicable, normally such notice will be of at least four(4) hours. The <br />frequency of such request shall not exceed eighteen (18) times per calendar year and the duration of each request shall not exceed four (4) <br />hours. <br />8.4.9 FPI.'s exercise of its rights under this Section 8 shall not give rise to any liability or payinnu obligation on the pan of FPL, <br />including any claim for breach of contract or for breach of any ccwcnant ofgood faith and fair dealing. <br />9. Complollen/PerformanceSeeinity <br />The security Contengrlated by this Seething constitutes security for, but is itot a limitation of, QS's obligations licretnder and shall <br />not be FPL's exclusive remedy lot QS's failure to perform in accordance with this Agreement. <br />9.1 /ts security for the achievement of the Gtuamnteed Capacity Delivery Date and satisfactory performance of its obligations <br />hereunder, the QS shall provide I'PL calla: (a) an unconditional, irrevocable, standby letter of acdit(s) with an cxpiration date no calla <br />than the cd oldie first (1st) anniversary of thc CapacityI;elivery'Date (or the next hiLsiness day thacaftcr); issued bye U.S. connrn,pial <br />banker the U.S. branch of a foreign bank hating a Credit'Rating of A- or higher by S&P or A3 or higher by Moody's (a "Qualified Issuer"), <br />in form and substance acceptable to. FPL. (including provisions (i) permitting partial and fultdraws ani! (ii) pcmuning.FPi, to draw in tidbit' <br />such' letter of credit is not renewed or replaced es required by the terms hereof at least thirty (30) business days prior to its, expiration date) <br />("Letter of Credit ); (b) a bond, issued by a financially sound Company acceptable to FPL and in a form and substance acceptable to FPL, <br />•(`ihond"); or (c) a cash collateral deposited with FPL (Cash Collateral" (any of (a), (b), or (c), the''Completion/Performnnce Security": <br />• Conipletioit PerforanceSecmity shall be provided in the amount and by the date listed betoty: <br />(a) $50.00 per kW (for the nmtiber of kW of Conmtitted Capacity set forth in Section 5.1) 10 be delivered to FPL within tVe (5) <br />business days of the Effective Date; and <br />(b)S 100:00 per kW (for the number of kW of Committed Capacity set forth in Section 5:1) to be delivered to FPL two years before <br />the Guaranteed Capacity Delivery Date. <br />"Credit Rating" means with respect to any entity; on any date of determination, the respective ratings then assigned to such entity's <br />unsecured, senior long-term debt or deposit obligations (not supported by third party .credit enhancement) by S&P, Moody's or other <br />"specified rating agency .or agencies or if such entity does not ]nue a rating for its unsecured, senior long-term debt or deposit obligations, <br />then the rating assigned 10 such entity as its "cotpotate credit rating" by S&P. <br />(Continual on Sheat No. 9.1337) <br />Issued by: Tiffany Cohen, Director, Rates and Tariffs <br />Etfeclive: June S, 2018 <br />
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