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06/21/2022
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06/21/2022
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Last modified
7/25/2022 10:31:20 AM
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7/25/2022 10:11:06 AM
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Meetings
Meeting Type
BCC Regular Meeting
Document Type
Agenda Packet
Meeting Date
06/21/2022
Meeting Body
Board of County Commissioners
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ORDER NO. PSC -2022 -0203 -PAA -EQ <br />DOCKET NO. 20220072 -EQ <br />PAGE 30 <br />r lAIlt1IJN I V Yr r.R m L,L"1:1 L%-kjAH'tllv i <br />(Confirmed from Sheet No.10.301) <br />Orition B- Fixed Val tic of Deferral Pavments - Earh• Capacity <br />Attachment A <br />J M INO. tU.3i/L <br />Payment schedules under this option are based upon the early capital cost component of the value of a year -by -year <br />deferral of the Company's Avoided Unit provided, however, that under no circumstances may payments begin before <br />the QS is delivering firm capacity and energy to the Company pursuant to the terms of the Standard Offer Contract. <br />GVhein 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 on AppendixI. <br />The QS shall select the month and year in which the deliveries of firm 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 payment <br />rates based on the month and year in which the deliveries of firm capacity and energy are to commence and the terms <br />of the Standard Offer Contract as specified in AppendixE. <br />Option C - Fixed Value of Deferral Pavment - Levetized Capacity <br />Payment schedules under this option are based upon the levelized capital cost component of the value of a year - <br />by -year deferral of the Company's Avoided Unit. The capital portion of capacity 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 ycar- <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 1, The Company will provide the QS with a <br />schedule of capacity payor ent 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 Offer Contract as specified in Appendix E. <br />Option T)- I1xed Value of Deferral Payment Early T.eveiized Capacity <br />Payment schedules under this option are based upon the early levelized capital cost component of the value of a <br />year -by -year deferral of the Company's Avoided Unit. The capital portion of the capacity payments under this <br />option shall consist of equal monthly payments over the term of the Standard Offer Contract, calculated as shown <br />on Appendix I. The fixed operation and maintenance expense shall be calculated as shown in Appendix T. At the <br />option of the QS, payments for early levelized capacity shall commence at any time before the anticipated in- <br />service date of the Company's Avoided Unit as specified in Appendix F, provided that the QS is deliver 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 of firm <br />capacity and enemy are to commence and the term of the Standard Offer Contract as specified in Appendix E. <br />Option E _. Flexible Payment Oritlon <br />Payment schedules under this Option are based upon a payment stream elected by the QS consisting of the capital <br />component of the Company's avoided unit. Payments can commence at any time alter the actual in-service date of <br />the QS and before the anticipated in-service date 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 of the Standard <br />(offer Couitma 'Regardl of the payment stream clected by the QS, the cumulative present value of capital cost <br />payments made to the QS over the tern 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 FPSC Rule 23- <br />17.0832(4)(g)I_, F.A.C. Fined operation and maintenance expense shall be calculated in conformance with Rule <br />2.5-17.0832(6)17.A.C, The Company will provide the QS with a schedule of opacity payment rates based on the <br />information specified in Appendix. E. <br />(Ccefirme l on S%t,No, 10,303) <br />Issued by; S. E. Romig, Director, Rates and Tariffs <br />Effective: May22, 2009 <br />
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