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ORDER NO. PSC -2021 -0252 -PAA -EQ DOCKET NO. 20210067 -EQ PAGE 29 (Continued from slledlklo, 10,301) Option B - Fixed Value of.DeftirralPayment.4- FArhCapatih, Attachment A WWI iNol j Ujuz Payment schedules under this option are based upon the early capital cost component of the value of a ycar-by-year deferrAil of the Company's Avoided Unit provided; however, that under no circumstances may M. yinems begin before the 09 :is delivering firm capacity and energy to the Company pursuant to the terms of the Standard Offer Contract. When this option is selected, the capacity payments shall be made monthly commencing no earlier than the Capacity Delivery Date of the QS and calculated using the methodology shown one`vi)jwndix 1. The QS shall select the month and year in which the deliveries of finn capacity and energy to the Company are to commence and capacity payments are to start, The Company will provide the QS with a schedule of capacity payment rates based on the month and year in which the deliveries of farm capacity and energy are to commence and the term of the Standard Oft6r. Contract asspecified in Appendix E. Option C - Fixed Value of Deferral Pavinerit - LevvWtd Capacity ,Payment schedules under this option are based upon the levelized,capital cost component or the value of -a year - by -year deferral of the C ornfiany's Avoided Unit, The capital portion of coly.acity payments under this option shall consist of equal monthly payments over the term of the Standard Offer Contract, calculated -as shown on Appendix 1. The fixed operation and maintenance portion of the capacity payments shall be equal to the value of the year - by -year deferral of fixed operation and maintenance expense associated with the Company's Avoided Unit. The methodology used to calculate this option is shown in Appendix I. The Company will provide the QS with a schedule of capacity payment rates based on the month and year in which the deliveries of firm capacity and energy are to commence and the term of the Standard Wer Contract as specified in Appendix E. 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 Payment schedules under this option Are based upon the early levelized capital cost component of the value of 8 year -by -year deferral of the Company's Avoided Unit. The capital portion of the capacity payments unda this option shall consist of equal monthly payments over the term of .the Standard Offer Contract, calculated as shown on Appendix L The fixed operation and maintenance expense shall be calculated as shown in Appendix I At the option or the QS, payments for early lo-gliud capacity shall commence at any time, before the anticipated in - ,service date of the Company's Avoided Unit as specified in Appendix L, provided that the QS is delivering .firm capacity and energy to the Company pursuant to the terms of the Standard Offer Contract, The Company will provide the QS with a schedule of capacity payment rates based on the month and year in which the deliveries offimn capacity and energy are to commence and the term of the Standard Offer Contract as specified in. Appendix E. OritionE -- Flexible Pavmtg Option payment schedules under this option are based upon a payment strunin elected by the QS consisting of the Capital component of the Company's avoided unit. Payment,; can commence at any time alley the actual in-service date of the Q3 and before the Anticipated in-service (late- of the utility's avoided unit, as specified in Appendix E, provided that the QS is delivering firm capacity and energy to the Company pursuant to the terms or the Standard Offer Contract, Regardless of the payment stream elected by the QS, the cumulative present value of capital cost payments made to the QS over the terns of the contract shall not exceed the cumulative present value of the capital cost payments which would have been made to the QS -had such payments been made pursuant to PPSCRule 25- IT0832(4)(g)l, P.A.G. Fixed operation and maintenance expense shall be calculated in conformance with Rule 25.lT0832(6),,FA,C, The Company will provide the QS with a schedule of capacity payment rates based on the information specified in Appendix & (CAMIfinued an q=t NO. 10.303} Issued by:. S, E. RamigDirutor, Rates and Tariffs Exective: May 22,2007