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07/07/2020
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07/07/2020
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Last modified
8/19/2020 2:15:38 PM
Creation date
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 45 <br />FLORIDA POWVF.R & LiG& COMPANY <br />Attachment A <br />First Revised Sheet No, 10.314 <br />Cancels Original Sheet N0.10.114 <br />.APPENDncC . <br />TO T[IESTANDARDOFFERCONTRACT <br />'TERMINATION FEE <br />'The Ten iination Fcc shell be the sum ofthe vahics for cacti month beginning with the month in which the Capacity Del-ht./pate docurs ihrottgliihc <br />month of termination (or month of calnd:44in, as the case ipay be), computed ncco thea tc the follmVing formu1re <br />Termination Fee a Term inot lon Fee applicable to Capacity Paymtent Option plus Term 'nation Fee applicable to Filed Firm 'Energy Option <br />Terminntion'Fee quniliablc to Couacity Ratmictft On Rens' B.CAsndg <br />n <br />(MCP, MCPC)xh i <br />hl <br />with MCPQ = 0 for all periods prior to the in-service date of the Company's Avoided Unit, <br />where: <br />i = number of the Monthly Billing Period commencing nith the Cmpadly Delivery Date (i.e., the <br />month in which Capacity Delivery, Date occurs = I; the month following -the month in which <br />Capacity Delivery Date occult 2; etc.) <br />it = the rauriber of Monthly Billing Periods Which have elapsed from the month in which the Capacity <br />Ddivcry Date occnro through the month ofknit ination (or month ofcalculation, as the case may be) <br />t = the future value of an amount factor necesnuy, to compound a sum monthly so the annual <br />pereentage rate derived will equal FPI: a incremental after-tax avoided cost of capital (defined as r <br />in QS -2). For any Monthly Billing Period in which MCPC.is greater than MCP,,t shall equal 1. <br />.MCP, = Monthly Capacity Payment paid to QS conespoitding to the Monthly Billing Period i, calculated in <br />accordance nith Appendix B. <br />MCPG = Monlldy Cap>'aaty Paynrent for OptiOn A corresponding to the MonthlyBillitig period 1, cilcitlated <br />in nccrrdanenwirlr QS -2 <br />In the event that for any Monthly' Billing period; the computation of the value of the Capacity Payment Timlutation fecfor sunt Monthly Billing <br />Period (es set forth above) yields a talue equal to or greater than zem, the amount of the Capacity pnymient TemiinationFee shall be increased by the <br />• mnouit ofsnch tante: <br />In the eVent that for any Monthly Aillinq Period, the computation pf the valve of the Capaat)m <br />Payeiit Termination Fee.' for ntch Monthly BOGng <br />Period (as set faiths above) yields a value less thane zero,' the antcalirtt of the C.ipatitY Payment Teimuration`Fee Shall be decreased by the amount of <br />•such vahe.expreas<ed oa a paritive number (the"Initial Reduction Value") provided, ho,vever,-that eiie'h Initial Fleduction Vain shell be subject to <br />the following adjnslmerns (the -Initial Reduction Value,es adjusted,the" Reduetiori}satuo �: ' <br />a• In the eeortt that in the applicable Monthly Billiag'Period the Annual CapaeityBilling Factor (ACBF), es defined in Appendix.B in <br />Jere <br />.thanS0% Olen The Initial Reduction'Value shall be adjusted to egtud aero (Reduction Value=0), and Uro Capacity Payment <br />Termination Fee shall net 'be reduced int the appbcnbte MonthilyAilling Period <br />b: In the event that in the applicable il4oiithlp Billing"Period the Mental Capacity Billing;Fectca.(ACBF), as defined in Appendix B,;in <br />oganl to or greater than 8066 but Iola than -9;9. 4%,thcnthe Reduction Wine $4.11 be •deteridincd as'fotlovva: <br />Reditetion Vsiaealrtitial Wittier' Value x[0.04 x(ACBF . •F4%)) <br />Fot the epplicsble Monthly Billing Period, the Termination Fcc shall be reduced by thc mmotmt of such Reduction Valeo, <br />In. no event shrill FPi, be liable to the QS et any time for. any amount by ninth the Capacity Payment Termination' Fee adjusted in accordance with <br />tlie.`foregoing, is less than mm(0). <br />Ternrinnthfn Feetiiitilicahte to the Fixed Firm F.nernv PavmentOotion'D <br />Prior2ain-sctticcdatc ofavoidcdunit. <br />!Bic Teniunation Fcc for the Fixed Finn Energy Option be equal to the cuihulative amen of the nixed Finn Energy Paynieiita made to <br />the QS puranant to Option D, starting With the in-aeivice date of the QS facility, for each haling cycle. Snclr number shah reach the <br />ma imam amount on the billing cycle immediately preceding Ole billing cycle associated enol the in-service date ofthe Avoided Unit. <br />/Mei in-nenicedate of nvoidedemit: • <br />The Termination Fee ahatl be dectensed enob Dimino cycle fallowing Olein -cervico date of the'dvoided Unit by an amount equal to the. <br />difference between the piojedcd fixed Energy Cost that was Used in the calx lation to detennirie the base energy coat to be fixed and <br />amortized purstnait to OplionD ser'Meh milling cycle and the amortized Fixed Ficin Fsnesgy Payment in cents0:W ll times the energy <br />•dela ercil by the QS not to exceed the M WH'block specified rh Appendix 1 . <br />!suet] b) il,-84 'iter ' TiITOrty' Colivni Director, Rates -and Tariffs <br />EffectitietA v is2C0;r. <br />2 =A 5 <br />
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