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ORDER NO. PSC -2021 -0252 -PAA -EQ
<br />DOCKET NO. 20210067 -EQ
<br />PAGE 3
<br />with the projected in-service date of the avoided unit (June 1, 2031) and continue for 10 years,
<br />while early and early levelized capacity payments begin five years prior to the in-service date, or
<br />2027 for this example.
<br />Year
<br />Energy
<br />Payment
<br />Normal
<br />Capacity Payment
<br />Levelized
<br />(By Type)
<br />Early
<br />Early
<br />Levelized
<br />$ 000
<br />$ 000
<br />$ 000
<br />$ 000
<br />$ 000
<br />2022
<br />7,667
<br />-
<br />-
<br />-
<br />-
<br />2023
<br />6,793
<br />-
<br />-
<br />-
<br />-
<br />2024
<br />7,418
<br />-
<br />-
<br />-
<br />-
<br />2025
<br />8,347
<br />-
<br />-
<br />-
<br />-
<br />2026
<br />8,650
<br />-
<br />-
<br />-
<br />-
<br />2027
<br />8,862
<br />-
<br />-
<br />1,210
<br />1,357
<br />2028
<br />9,109
<br />-
<br />-
<br />2,100
<br />2,326
<br />2029
<br />9,419
<br />-
<br />-
<br />2,144
<br />2,326
<br />2030
<br />9,908
<br />-
<br />-
<br />2,189
<br />2,326
<br />2031
<br />9,607
<br />2,063
<br />2,242
<br />2,235
<br />2,326
<br />2032
<br />9,695
<br />3,581
<br />3,844
<br />2,282
<br />2,326
<br />2033
<br />10,171
<br />3,656
<br />3,844
<br />2,330
<br />2,326
<br />2034
<br />10,675
<br />3,733
<br />3,844
<br />2,379
<br />2,326
<br />2035
<br />11,053
<br />3,812
<br />3,844
<br />2,429
<br />2,326
<br />2036
<br />11,589
<br />3,892
<br />3,844
<br />2,480
<br />2,326
<br />2037
<br />11,935
<br />3,974
<br />3,844
<br />2,532
<br />2,326
<br />2038
<br />12,188
<br />4,057
<br />3,844
<br />2,583
<br />2,326
<br />2039
<br />12,315
<br />4,143
<br />3,844
<br />2,640
<br />2,326
<br />2040
<br />12,601
<br />4,230
<br />3,844
<br />2,695
<br />2,326
<br />2041*
<br />5,289
<br />1,778
<br />1,602
<br />1,133
<br />969
<br />Total 1193,291
<br />1
<br />38,919 1
<br />38,439
<br />33,364 1
<br />325564
<br />Total (NPV) 1
<br />93,259 1
<br />13,319 1
<br />13,319
<br />13,319 1
<br />13,319
<br />*Payments end in May 2041, resulting in a partial year of energy capacity and payments.
<br />FPL's standard offer contract, in type -and -strike format, is included as Attachment A to
<br />this Order. The changes made to FPL's tariff sheets are consistent with the updated avoided unit.
<br />Revisions include updates to calendar dates and payment information which reflect the current
<br />economic and financial assumptions for the avoided unit. At this time FPL and Gulf operate as
<br />separate utilities; however they have requested to consolidate rates in the ongoing rate case.
<br />Upon review, FPL's revised standard offer contract and associated rate schedule QS -2
<br />shall be approved as filed. The provisions of FPL's revised standard offer contract conform to all
<br />requirements of Rules 25-17,200 through 25-17.310, F.A.C. The revised standard offer contract
<br />provides flexibility in the arrangements for payments so that a developer of renewable generation
<br />may select the payment stream best suited to its financial needs.
<br />_S
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