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ORDER NO. PSC -2022 -0203 -PAA -EQ
<br />DOCKET NO. 20220072 -EQ
<br />PAGE 3
<br />the contract to qualify for full capacity payments. Normal and levelized capacity payments begin
<br />with the projected in-service date of the avoided unit (June 1, 2032) and continue for 10 years,
<br />while early and early levelized capacity payments begin four years prior to the in-service date, or
<br />2028 for this example.
<br />Table 1 Estimated Annual Payments to a 50 MW Renewable Facility
<br />(94% Capacitv Factor)
<br />Year
<br />Energy
<br />Payment
<br />Capacity
<br />Payment
<br />Normal
<br />Levelized Early
<br />Early
<br />Levelize I
<br />$(0 0
<br />$ 000
<br />$ 000
<br />$(000)
<br />$ 000
<br />2023
<br />10,849
<br />-
<br />-
<br />-
<br />-
<br />2024
<br />8,776
<br />-
<br />-
<br />-
<br />-
<br />2025
<br />8,929
<br />-
<br />-
<br />-
<br />-
<br />2026
<br />9,196
<br />-
<br />-
<br />-
<br />-
<br />2027
<br />8,917
<br />-
<br />-
<br />-
<br />-
<br />2028
<br />9,389
<br />-
<br />-
<br />1,211
<br />1,358
<br />2029
<br />10,160
<br />-
<br />-
<br />2,102
<br />2,328
<br />2030
<br />10,595
<br />-
<br />-
<br />2,146
<br />2,328
<br />2031
<br />10,861
<br />-
<br />-
<br />2,191
<br />2,328
<br />2032
<br />10,409
<br />2,064
<br />2,243
<br />2,237
<br />2,328
<br />2033
<br />9,958
<br />3,582
<br />3,845
<br />2,284
<br />2,328
<br />2034
<br />10,230
<br />3,657
<br />3,845
<br />2,332
<br />2,328
<br />2035
<br />10,527
<br />3,734
<br />3,845
<br />2,381
<br />2,328
<br />2036
<br />10,854
<br />3,812
<br />3,845
<br />2,431
<br />2,328
<br />2037
<br />11,023
<br />3,893
<br />3,845
<br />2,483
<br />2,328
<br />2038
<br />11,271
<br />3,975
<br />3,845
<br />2,535
<br />2,328
<br />2039
<br />11,445
<br />4,058
<br />3,845
<br />2,588
<br />2,328
<br />2040
<br />11,675
<br />4,144
<br />3,845
<br />2,643
<br />2,328
<br />2041
<br />11,743
<br />4,231
<br />3,845
<br />2,698
<br />2,328
<br />2042
<br />11,842
<br />1,778
<br />1,602
<br />1,134
<br />970
<br />Total
<br />208,651
<br />38,927
<br />38,450
<br />33,396
<br />32,599
<br />Total PV
<br />103,307
<br />13,382
<br />13,382
<br />13,382
<br />13,382
<br />Source: Response to Staff's First Data Request
<br />FPL's standard offer contract, in type -and -strike format, is included as Attachment A to
<br />this recommendation. The changes made to FPL's tariff sheets are consistent with the updated
<br />avoided unit. Revisions include updates to calendar dates and payment information which reflect
<br />the current economic and financial assumptions for the avoided unit. In addition, the language in
<br />Section 15, Sheet No. 9.042, which addresses insurance, has been updated. The current language
<br />requires insurance with a minimum limit of one million dollars per occurrence. The new
<br />language requires that, in addition to the one million, the QF insurance shall have a two million
<br />3Document No. 02718-2022, filed April 29, 2022, in Docket No. 20220072 -EQ.
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