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ORDER NO. PSC -2021 -0252 -PAA -EQ <br />DOCKET NO. 20210067 -EQ <br />PAGE 35 <br />'0WII,H & LIGI-ITMINIPANY <br />APPE.NIVIX I <br />TO RATF.SeRMULP Q&2 <br />CALCULATION OF VALUF OF DEFERRAL PAYMENTS <br />Attachment A <br />Sheet No. <br />APPLICABILITY <br />Appendix I provides a detailed description of the methadol(gy used by lic.Comlinny to calculate the monthly values, of deferring or avoiding die <br />Corapatys Avoided Unit "mitained in Appendix lis a QS may deLtmine the,applicalile value Of deferral calucily Malenj rate arsocistodmi"I 'die <br />timing and opffation, ofits pardcular facility should the QS enter into, a Standard Offer Contract with Ifie Company. <br />.CAT.CUIATION.OFVAI,A,IFOFDFFTRRALOPTION' A <br />FPSC Rule 25w 17.0832(5) specifies that avoided capacity cost;, in dofiarr.,* kilowaft per month, aiswWod with. caracity sold to a utility by a Q$ <br />,purvuwdto.t]*Company's SLwdmdOfee Cordradl.hgbe. del�htAastato year -by -year value ofileforal ofthe Compsiny'f, Avoided Unit- The year-by- <br />yearval* ofileferrid Aiall be (Ito dilTevroein reverme"uirements: w§ociated mith dererriag,the Comp n)4 Avoided Unit oneyv&, mitt shall be <br />calculAted to 014wv <br />Where, for a one Yew deferral. <br />VAC— — ittility's monthly value ofavrdod capacity and 0 & M, <br />in dollars lier kilowatt per mondi; fix each nwitah of <br />Yemn; <br />K = present value of cantying chargogfol one dollar of <br />bivertment over L years with can3ing charges <br />computed using Av,-r*o annual rate base and assamed <br />to be paid at theruiddle ofeach jTw and present valued <br />to flit iniddle of the firirt yetw, <br />R (I + ip) I (I -X <br />total direct mid indirM cost, iv. mid -year dolloa per <br />blowuninclading AFLJDC but excluding cwjp, or the <br />Company's Avoided -Unit -with are in-service date of yvw <br />n, im4uding all identifiable and cptarakfiable Qrstv <br />tviaurg to the oeattmcwn or the Comparty's Avoided <br />Thit which Avotild lluive been paid hatt die Unit been <br />ca—C164; <br />OR - (OW rLxW olivraiion and maintenance expense for the <br />yogi i% in mid -yew dollars, per Wow& per year, of Ute <br />CompaiVe Avoided Unit <br />is = annual escalation rate spociated,hili the plant 'M of <br />dic'Compnity's Avoided Vnit(s)-, <br />i, Matifful 0"A00 rate Wsocitit0d !Ailh die operation and triaintertunce exje or die conipan?, <br />Avoided Unitft <br />T. annual discount nits, dekiwd as the iiiiii(yo cost rrcaoiaj; <br />L eVwtad life of the Company's ()voided Uflit(s>, mid <br />n year for whicli the (A)mpany's Avoided Unit(s) is (we) deferred Mtrig with its (their) original <br />anticipated in-Avvico date(s) and ending with the termination of the Comparys Standard Ofkr <br />Contract, <br />(Confinijechnn, Sleet No. 10.309) <br />Issued by: S. E. Rom 1g, Director, R , nits and Tariffs <br />Effective. May,22,2007 <br />�, 5� <br />