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ORDER NO. PSC -2022 -0203 -PAA -EQ <br />DOCKET NO. 20220072 -EQ <br />PAGE 38 <br />(Continued from Sheet No. 10.309) <br />Attachment A <br />.Jnect iNo. <br />CALCULATION OF FIXED VALUE OF DEFERRAL, PAYMENTS — LEVELMED ANI) EARLY LEVELIZED CA PA( rfY — <br />OPTION C & OPTION D. RESPECTIVELY <br />Wittily fixed value of deferral payments for levelized and early levelized capacity shall be calculated as follows: <br />X <br />PL = + 0 <br />T2 (I + rJ4 <br />Whcre: <br />PL T <br />the monthly levelized c"city payment, starting on or prior to the in- <br />service date of the ConWiVs Avoided Unit(s); <br />F <br />the curnuladve preset vulac, in the year that t1u, contractual payinents <br />will begin, of the avoided capital " component of the capacity <br />puyincrits Much wadd have been in, had the capacity payments not <br />been I evelim.]; <br />the anutad disco unttate, defined as the Company'sincremental after-tax <br />w5t ofcapital, <br />t <br />the term, in years, ofthe Standard Offer Conftwt; <br />0 <br />the monthly fixed operation and maintenance component of the capacity <br />payments, calculated in accordance with calculation or the fixed value of <br />deferral payments for the levelized capacity or the early levelized <br />capacity options, <br />Issued by: S. E. Romig, Director, Rates and Tariffs <br />Effective: May 22,2007 <br />