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ORDER NO. PSC -2023 -0180 -PAA -EQ Attachment A DOCKET NO. 20230046 -EQ Page 37 of 42 PAGE 42 APPLNDLX C TO TIM -SWM DARD OFFER CONTRACT TERMINATION FEE Mic Termination Fee shall be the sum of the values for each month beginning with the mouth inwhich the Capacity Delivery Date occurs through the month oftertnination(ot,month of calculation, as the case may be), computed according to the following formula 'termination Fee-liffminstlon Fee a'p qtl dal(rCapacity Payment Option plus Termination Fee applicable to Fixed Firm Energy Option Termination Fee auullcable to CamiWW PiftisdOffibasAt. D and F, 8. Z. 0M�UCfPM*0,i i+qr MA: WPC, = 0 fir all periocic prior to the in -cervi oe" of the Comparry a Avoided i lait; i number of the Monthly Billing Period commencing with the Capacity Delivery Date (i.e., the month in which Capacity Delivery Date occurs = 1; the month following the month in which Capacity Delivery Date occurs = 2, etc.) n = the number of Monthly Billing Periods whidi have elapsed'!t%um the month in x ►1 „ ., Delivery Date occurs through the month oftermination(or month of -alculation,ao*ae t the future value of an amount factor necessary to compound a sum monthly'nkrFil°i!h MAW' percentage rate derived will equal FPL'eincramental after-tax avoided cost ofcapital (defined as r in QS -2). For any Monthly Billing Period in which MCPQ is greater thanMCP,, t @hall equal 1. Pu= Monthly Capacity Payment paid WQS corresponding to the Monthly 'Biiling Period i, calculated in accordance with Appendix B. I4 CP9—Monthly Capacity Payment for Option A eartesplmding to the Monthly Billing Period i, calculated in accordance, QS -2 In the event that for any Monthly Billing Period, the computation of4hei4m,ot the,Copacity'PaymentTenainst on Fee for such Monthly Billing Period (asset forth aboveyylelrl. avalue equal to orgteater than zero* dW*raotmtbf the Capacity PaymentTermination Fee shall be increased bythe amount of ouch value. In the event that for any Monthiy'BMing Period, the computation ofthe value of the Capacity Payment Termination Fee for sack Monthly Billing;. Period (as set forth above) yields a value less than zero, the amount of the Capacity Payment Termination Fee shall be decreased by the amount of, such value expressed as. a positive number (the "Initial Reduction Value); provided, however, that such Initial. Reduction Value shall be subject the following adjustments (the Initial Reduction Value, as adjusted, the "Reduction Value'): a. In the event that in the applicable: Monthly Billing Period the Annual Capacity Mingsltaator (ACBE), as defined in Appendix B ii less than 80%, then the Initial Reduction Value shall be adjusted to equal zero (Reduction Value =0), and the Capacity Payment.. Termination Fee shall not be reduced for the applicable Monthly Billing Period. b, In the event that in the applicable Monthly Billing Period the Annual Capacity Billing Factor (ACBF), as defined in Appendix B, is, equal to or greater than 80% but lea than 94%, then the Reduction Value shall be determined as follows: Reduction Value = Initial Reduction Valtrexx", *OM' -94%)] For the applicable Monthly Billing Ponod, the Termination Fee shatbooduced by the amount ofsach Redaotfit>m alatz; In no event shdtfPL be liable 1n the tS at any time for any amount by which the Capacity Payment Termination Fee, adjusted m acoondat woo th the foregoing, is less than zoro(0) Terhuination Fee annlicable to the Fixed Firm Enerev Pavin ent Ontion D Prior to in-servia-date ofavoidedurnt: The Termination Fee for the Fixed Firm Energy Option shall be equal to the cumulative sum of the �, s Energy Payments made to the QS pursuant to Option D, starting with the in-service date of the QS facili ty, for each billing eyda number shall reach the maximum amount on the billing cycle iquo% Mately preceding die billing cycle associated with dla 'i a of$haAvorded W. Aft in-service date of avoidedunit' The Termination Fee shall be decreased each billing cycle following the in-service date of the avoidedunitby an amount equal to the difference between the projected Fixed Energy Cost that was used in the calculation to determine the base energy cost to be fixed and amortized pursuant to Option D for such billing cycle and the amortized Fixed Firm Energy Payment in cents/KWI times the energy delivered by the QS not to exceed the MW H block specified in Appendix E. Iitetled*t Tiffany Cohen, Director, Rates and Tariffs JUUC !k 209