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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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8/12/2020 1:15:39 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 30 <br />Attachment A <br />+LORWkFQWER & LIGI3.1' COMPANY •Original Slicct No.103.02 <br />(Continued from Sheet No.10.301) <br />_Option B - Fixed Value of Deferral Payments - Early Capacity <br />Payment schedules under this option arc based upon the early capital cost component of the value of a year -by -year <br />deferral of the Company's Avoided Unit provided; however, that under no circumstances may payments begin before <br />the QS is delivering firm capacity and energy to the Company pursuant to the temrs of the Standard 'Offer Contract <br />When -.this option is selected, the capacity payments shall be made monthly commencing no earlier than the. Capacity <br />Delivery Date of the QS and calculated using the methodology shown on Appendix I. <br />The QS shall select the month and year in which the deliveries of .firm capacity and energy to the Company are to <br />commence and capacity payments are to start. fhc Company wilt provide the QS with a schedule of capacity <br />payment rates based on the month and Year in 'Which the deliveries of firm capacity and energy are to comgicnce'and <br />the terns of the Standard Offer Contract as specified in Appendix E. <br />Option C - Fixed Value of Deferral - I.evelized Capacity <br />Payment schedules"under this option are based upon the lei elized Capital cost component of the value of a year - <br />by -year deferral of the Company's Avoided Unit. The capital. portion .of capacity payments under this option shall <br />consist of equal monthly payments over the term of the Standard Offer Contract calculated as shown on Appendix <br />1. The fixed operation and maintenance portion of the capacity payments shalt be equal to the value of the year - <br />by -year deferral of fixcd'operation and maintenance expense associated with the Company's Avoided Unit. The <br />methodology used to calculate this option is shown in Appendix "I. The Company will provide the .QS with a <br />schedule of capacity payment rates based on. the month and year in which the deliveries of firm capacity and energy <br />are to commence and the term of the Standard Offer Contract as specified in Appendix C. <br />Option D - Fixed Value of Deferriil Payment - Early Levelized Capacity <br />Payment schedules: under this option are based upon the early leaelioed capital cost component of the value of a <br />year -by -year deferral of the Companys Avoided Unit. The capital portion of the capacity payinents under this <br />option shall consist of equal Monthly payments over the term of the Standard Offer Contract; calculated as shown <br />on Appendix 1. The fi ed operation and maintenance expense shall be calculated as shown in Appendix I. At the <br />option of the QS, payments for early levelized capacity shall cotnrnenee at any time before the anticipated in- <br />service date of the Company's Avoided Unit as specified in Appendix F, provided that the QS is delivering firm <br />capacity and energy to the Company pursuant to the terms of the Standard Offer Contract. The Company will <br />provide the QS with a schedule of capacity payment rates based on the month and year in which the deliveries of font <br />capacity and energy are to commence and the term of the Standard Offer Contract as specified in Appendix 13. <br />Option E — Flexible Payment Option <br />Payment schedules under this option are based upon a payment stream elected by the QS consisting of the capital <br />component of the Company's avoided unit Pa ments can commence at any time:after the acetal in -ser iccdate of <br />the QS and before the :anticipated in-service date of the utility's avoided unit, as specified in Appendix E, <br />priivided that the QS is delivering Finn capacity and energy to the Company pursuant to the terms Of the Standard <br />Offer Contract. Regardless of the ,payment stream elected by the QS, the cumulative present value of capital cost <br />payments made to the QS over the teen of the contract shall not exceed the cumulative present value of the capital <br />coat payments which would have beckinade to the QS had such payments been made pursuant to FPSC Rule 25- <br />17.01332(4)(g)1, F.A.C. Fixed operation and maintenance expense shall he calculated in confcimrance with Rule <br />25- 17.0832(0),F.A.C. The Company will provide the QS with a schedule of capacity payment rates based on the <br />information specified in Appendix E. <br />(Continued on Sheet No.10.303) <br />Issued by: S. E. Romig, Director, Rates and Tariffs <br />Effective: May 22,2007 <br />2 <br />
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