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ORDER NO. PSC -2022 -0203 -PAA -EQ DOCKET NO. 20220072 -EQ PAGE 43 Attachment A r i.vruliA.rUrrr tt ac l tktti wNii AIV t Vnguutl meet 1No. to.s 14 APPENDIX C TO TILE STANDARD OFFER CONTRACT TERMINATION FEE The Termination Fee shall be the spm of the values for each month beginning with the month in which the Capacity Delivery Date occurs through the month oftermination (or month of ealculation, as the case maybe), computed according to the following formula: Termination Fee =Tenuination Fee applicable to Capacity Payment Option plus Termination Fee applicable to Fixed Firm EnerLv Option Termination Fee anplicable to Capacity Payment Options R C. D and E where: £ (NIC`I, - WNW` with: MCPC -0 hbr all periods prior to the in-service date of the Company's Avoided Unit i = number of file Monthly Silting Period eommetcing with die Capacity Delivery Date ti.e., the month in which Capacity Delivery tie ocetm = i; the month following the month in which Capacity Delivery Dole occurs =2;eta) it the number of Monthly Billing Periods which have elapsed from the tramth at which the Capacity Delivery Date occurs though file month often anation (or month of ealculationi, as the case rmhybe) t the future value of an amount factor necessary to compound a sum monthly so the annual percentage rate derived will equal FPL's incremental after-tax avoided too of capital (defined as r in Q)3-2). For any Monthly Billing Period in which MCW' is greater than MCP., t shalt equal 1, MCR - Monthly Capacity Payment paid to QS coireaponding to the Monthly Billing Period h calculated in accordance with Appendix B. MCPO - Monthly Capacity Payment flit Option A oorrmponding to the Monthly Billing Period i, calculated in accordance with QS -2 In the eveait that for any Monthly Billing Period, Ste computation of tie value ofdle Capat6ty PaymentTemnipation Fee tot su di Monthly Silting Period (us set forth above) yields avulue equal to orgreater data zero, the ammutt of tic Capacity Pa) meat Tetmuration Fee shall be increasedby the amount ofsuch val tic, In due event that for any Monthly Billing Period, the eamputatitni of the value of die Capacity Payment Termination Fee for such Monthly Stilling Period (its set forth above) yields a value leas than zoo, the amount of the Capacity Payment Termination Fee shall be decreased by the amount of such value expressed as a positive number (the "hnidal Reduction Value)-, provided, however, that such buttal Reduction Value shall be subject to the foilovaing adjustments (the Initial Reduction Value, as adjusted, the "Reduetiat Value`): a. In the event that in the applicable Monthly Billing Period the Annual Capacity ailing Factor (ACBl), as defined in Appendix B is less than 804ro, then the Initial Reduction Value shall be adjusted to eghal zero (Reduction Value - 0), and the Capacity Payment Termination Fee shall not be reduced for the applicable Monthly Billing Perked. b. In the event that in the nppli nible Monthly billing Period the Annual Capra ity Billing Factor (ACBF} as defined in Appendix B, is equal to or greater than 80% but lass than 94%, lien the Reduction Value shall be determined as follows: Reduction Value- Initial Reduction Valuex [0.04 x (ACBF —94%)] For the applicable Monthly Billing Period, the Termination Fee shall be reduced by the amount ofsuc h Reduction Value, In no event shall Fit. be liable to the QS at any time fol -any amount by which the Capacity Payment Termination Fee, adjusted in accordance with the foregoing, is less than z£tu(0). Termination Fee almlicab a rp the Fixed Firm Fnernv PaXmeut, Ontion D 1b -lo in-service date ofavoidcaitmit The Termination Per for the Fixed Finn EnergyOption ption shall be equal to the cumulative sham of the Mod Firm Energy Payments made io file QS pursuant to Oirtion D, starting with die in-setvicv date of Ile CSS facility, fete each billing cycle. Such number shall ruadi die maximum amount avn the Whig g cycle immediately preceding file billing cycle asaheimed with the fn -service date ofthe Avoidedunit. After int -sem ice date of avoided unit The Termination Fee shall be decreased eseh hitting cycle following the in-service date of the avoided tacit by an amount equal to the diftertnce b mvicen the projected Fixed Energy Cost that was used in fire calculation to detemane file base energy cost to be fixed and amortized purruant to Option D for such billing cycle mud the amortized Fixed Firm Energy Payment in maWK WH times the energy delivered by the QS not to exceed the M%Vtl block specified in Appendix E. Issued by: Tiffany Cohen, Director, Rates and Tariffs Ef ective. J lute 9, 2020