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ORDER NO. PSC -2023 -0180 -PAA -EQ <br />DOCKET NO. 20230046 -EQ <br />PAGE 37 <br />(Confirmed from Sheet No. 10.30 <br />Attachment A <br />Page 32 of 42 <br />CALCULATION OF FIXEDVALUE OF DEFERRAL'PA MMS— LEVELIZED AND EARLY MELTLED CAPACITY — <br />OPTION C & OPTION D RESPECTIVELY <br />Mordiily fiieed value of deferral payments for levedzed and early levelized capacity shall be calculated as follows: <br />P r' +0 <br />ow <br />Fa the rnonlIrly levelized capacity payment, starting on or prior to the in- <br />service date of the Company's Avoided Urut(s); <br />F` = the cumulative present value, in the year that the contractual payments <br />will begirt, of the avoided capital cost component of the capacity <br />payments which would Rave been made had the capacity payments not <br />been levelized, <br />t = the annual;discotird rate, defined as the CompaWs incremental a&t-tax <br />cost of capital; <br />.1 = the tenn, in years, of the Standard Offer Contract; <br />O = the monthly fixed operation and maintenance component of the capacity <br />payments, calculated in accordance with calculation of the fixed value of <br />deferral payments: for the levelized capacity or the early levehzed <br />capacity options. <br />Ibeueci bys 3. F Romig, Airector, Rates and Tariffs <br />faw: May22,,2007 <br />t3�� <br />