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Annual Reconciliation <br /> The annual reconciliation is based on the difference between guaranteed savings and measured savings <br /> extrapolated from representative measured sampling . Excess savings will be left to OWNER . A shortfall in <br /> any given year would be funded by FPL ENERGY SERVICES , INC to the OWNER . Option A will be used for <br /> Measurement and Verification . <br /> Sample Lighting Savings Calculation <br /> Monthly Kilowatt Demand X Monthly Kilowatt Demand Rate X 12 Months = <br /> Annual Kilowatt Demand Savings <br /> Annual Kilowatt- hours X Kilowatt- hour rate = Annual Kilowatt-hour Savings <br /> Annual Kilowatt Demand Savings + Annual Kilowatt-hour Savings = Total Annual Savings <br /> Example Calculation (Courthouse ) : <br /> 71 . 44 kW x $ 3 . 81 /kW x 12 months = $ 3 , 266 . 24 <br /> 344564 . 97 kWh x $0 . 10995/kWh = $ 37 , 884 . 92 <br /> $ 3 , 266 . 24 + $ 37 , 884 . 92 = $41 , 151 <br /> Total Guaranteed Savings $41 , 151 ( Courthouse ) <br /> Total Lighting Savings for all locations : $ 65 ,586 <br /> Run hours are hereby stipulated . <br /> Measured Adjusted Savings Calculation : <br /> Percentage of Measured Values vs . Calculated Values x Total guaranteed Savings = Excess Savings or <br /> Shortfall in Savings <br /> Indian River County, _Florida 14 Indian River County Phase 1 <br /> Phase I <br /> Rev . 1 /05/09 <br />