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ORDER NO. PSC -2020 -0212 -PAA -EQ DOCKET NO. 20200114 -EQ PAGE 40 FLORIDA POWER & Litlir COMPANY Attachment A ..e•veoth-Eiglith Revised Sheet No. 10.311.1 Cancels Revised Sheet No. 10311.1 • W.f. =AVOIDED UNIT MEI/ yAlitI: OF 1DEFERRAL.PAYMENTS NORMAL, CAPACITY OPTION! PARAMETERS Where, rot a Orte-:year deferral: vmod yAc6, = Conniany's value of aVOidedeapacigand tict kilowatt pciftriOnth, during fironittin, ip• - to .11 • Am Ip n .F • iesent value of carrying cherries for One dollar of investment Over L years with carrying Changes compiled Using average oprguif rate baso and diiin6c1 to be paid at theMiddle of each year and present valued 10 the naddle of the first year; total &reef Mid indirect Cost., in mid -year dollars per Liloivatt ineltiding ARIDChut excluding.CWIP, of the Company's Avoided Unit with on in-service date of year "if% .P441 119t S4'5,4.05.92 „_. total fixed operation and maintenance expense,.. for the year n, in mid -year dollars *i- Idlowatt *year, of the Conipanyes Avoided Unit; 111.1212..49 antinalesealation tate associated with the plant cost et the CornpanY's .Avoided Unit .. annual escalation rate associated with the operation Mat maintenance expense of tk Company's Avoided Unit 2,50yo '",',?•.1.52% .,•• annual diSCOunt rate, defined is the Coinpany's increinental after-tax oost of capital; . expeacd life of the Company's Avoided Unit; 40 — yar for which the Company's Molded Unit is deterred staffing withits original anticipated imsenice date and eliding with the terininnion of the Standard Offer Contract. 2 016 260 FIXED VALUE OF DEFERRAL PAYMENTS - EARLY CAPACITY OPTION PARAMETERS inonlhI9 &dpecit aniegttobeniade to the QS starting irt the Year the QS. ele.Os kisttreiveai1ycapaci1y paynients, in dollarspet kilowatt per ntenth', animal escalation rate associated With•the plant cast of the COmpany's Atka dad llni t; animal 6ealatiort rate:OsSpeiatecl atilt the operation and maintenance expense of the Company's Avoided Unit; 2..50% • year for which Carly capacily paymutL los QS arctO begin; (al the election 'of the QS early capacity payments May Commence anytime after, the actual in-service dale of tIi QS facility and before the anticipated in-service date of the Company's avoided unit) the cumtdative present valne of the fivoided capital cost component. of capacity payments which wotild hale ken made had capacity payments commensal with the anticinated in -Service date ofthe Conipany"S Avoided .Unit and continued fora peri9d9t 10 year :$4f.gl444Sii.1 annual discount rate,. defined as the Comptuty'S incremental after -Mx cost of capital; the term, in yearS orate Standard Offer Contract for the ptirchar,e of firm capacity Conanencing in the'yeat- tji6 QS elects to start receiving early capacity payments prior to the in-service date of the Company's Avoided Unit; • the otaniitauiv. preschfVelne of the avoided fixed 'Operation and expense component of Capacity payments Mich would have been made had capacity payments commenced with the anticipated in-service date of tbe Connxiny's Avoided Unit and continued fora period.of 10 yew's. *From Appendix E Issued by: Tiffany Cabe!), Director, Rates and Tariffs Effeetbre: June -1-1346-9