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08/17/2021
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08/17/2021
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Last modified
10/14/2021 3:27:13 PM
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10/14/2021 9:27:33 AM
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Meetings
Meeting Type
BCC Regular Meeting
Document Type
Agenda Packet
Meeting Date
08/17/2021
Meeting Body
Board of County Commissioners
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ORDER NO. PSC -2021 -0252 -PAA -EQ <br />DOCKET NO. 20210067 -EQ <br />PAGE 29 <br />(Continued from slledlklo, 10,301) <br />Option B - Fixed Value of.DeftirralPayment.4- FArhCapatih, <br />Attachment A <br />WWI iNol j Ujuz <br />Payment schedules under this option are based upon the early capital cost component of the value of a ycar-by-year <br />deferrAil of the Company's Avoided Unit provided; however, that under no circumstances may M. yinems begin before <br />the 09 :is delivering firm capacity and energy to the Company pursuant to the terms 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 one`vi)jwndix 1. <br />The QS shall select the month and year in which the deliveries of finn capacity and energy to the Company are to <br />commence and capacity payments are to start, The Company will provide the QS with a schedule of capacity <br />payment rates based on the month and year in which the deliveries of farm capacity and energy are to commence and <br />the term of the Standard Oft6r. Contract asspecified in Appendix E. <br />Option C - Fixed Value of Deferral Pavinerit - LevvWtd Capacity <br />,Payment schedules under this option are based upon the levelized,capital cost component or the value of -a year - <br />by -year deferral of the C ornfiany's Avoided Unit, The capital portion of coly.acity 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 shall be equal to the value of the year - <br />by -year deferral of fixed 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 Wer Contract as specified in Appendix E. <br />0 ni i o. n D - Fi x4,4 Va I tit of Deferral P;w, n i t ul - FA rly Uve lize d C a pa c i (v <br />Payment schedules under this option Are based upon the early levelized capital cost component of the value of 8 <br />year -by -year deferral of the Company's Avoided Unit. The capital portion of the capacity payments unda this <br />option shall consist of equal monthly payments over the term of .the Standard Offer Contract, calculated as shown <br />on Appendix L The fixed operation and maintenance expense shall be calculated as shown in Appendix I At the <br />option or the QS, payments for early lo-gliud capacity shall commence at any time, before the anticipated in - <br />,service date of the Company's Avoided Unit as specified in Appendix L, 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 offimn <br />capacity and energy are to commence and the term of the Standard Offer Contract as specified in. Appendix E. <br />OritionE -- Flexible Pavmtg Option <br />payment schedules under this option are based upon a payment strunin elected by the QS consisting of the Capital <br />component of the Company's avoided unit. Payment,; can commence at any time alley the actual in-service date of <br />the Q3 and before the Anticipated in-service (late- of the utility's avoided unit, as specified in Appendix E, <br />provided that the QS is delivering firm capacity and energy to the Company pursuant to the terms or 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 terns of the contract shall not exceed the cumulative present value of the capital <br />cost payments which would have been made to the QS -had such payments been made pursuant to PPSCRule 25- <br />IT0832(4)(g)l, P.A.G. Fixed operation and maintenance expense shall be calculated in conformance with Rule <br />25.lT0832(6),,FA,C, The Company will provide the QS with a schedule of capacity payment rates based on the <br />information specified in Appendix & <br />(CAMIfinued an q=t NO. 10.303} <br />Issued by:. S, E. RamigDirutor, Rates and Tariffs <br />Exective: May 22,2007 <br />
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