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2008-433
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2008-433
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Last modified
4/21/2016 11:26:55 AM
Creation date
10/1/2015 1:13:41 AM
Metadata
Fields
Template:
Official Documents
Official Document Type
Report
Approved Date
12/23/2008
Control Number
2008-433
Agenda Item Number
8.I.
Entity Name
FPL Energy Services, LLC
Subject
Energy Savings Guarantee Annual Energy Cost Savings
Supplemental fields
SmeadsoftID
8261
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COMPANY shall apply current data to update any necessary baseline calculations for the Changes and provide <br /> the OWNER with a copy of the respective annual Guarantee Report for that annual time period . <br /> The <br /> COMPANY' S updated calculations shall be in accordance with this Savings Guarantee , and to the extent of <br /> calculating and adjusting for any Changes , shall be in accordance with trade industry standards and practices , <br /> and the COMPANY' S updated calculations ( including but not limited to adjustments for Changes) shall be final <br /> and conclusive . The OWNER shall retain the right to review and approve , which approval shall <br />not be <br /> unreasonably withheld , the data collection process , and the data to be used in updating <br /> the baseline <br /> calculations . Such review may be conducted by a qualified , independent contractor selected by the OWNER , <br /> and approved by the COMPANY. <br /> ( B ) In connection with each annual Guarantee Report, the COMPANY may also conduct a brief <br /> energy audit inspection of the OWNER facilities . This shall enable the COMPANY to determine what types of <br /> Changes the OWNER has made to its facility, business , or operations ( including , but not limited to , Changes) . <br /> (C) If a Guarantee Report indicates that the respective Annual Energy Cost Savings for the then <br /> current annual Guarantee Report period is at least equal to the Annual Guaranteed Savings amount for such <br /> annual period , then the COMPANY shall be deemed to have achieved and performed the Savings Guarantee <br /> for such annual period and shall not have any further obligation under this Savings Guarantee for such annual <br /> period or any prior annual period , and shall not be obligated to take any further action until the next scheduled <br /> annual Guarantee Report period . <br /> ( D) In the event of the OWNER removal , destruction , substitution , modification , or other alteration <br /> of the Equipment, any Changes , or the OWNER failure to operate the Equipment for the hours or at the levels <br /> set forth in the Agreement or this Savings Guarantee ( including , but not limited to , Changes) , the COMPANY <br /> may adjust the Annual Energy Cost Savings to reflect savings as if the OWNER had not made any <br /> such <br /> Changes and as if the OWNER had continued to operate the Equipment in accordance with the Operating <br /> Plan , and this adjustment shall apply for all purposes of the Guarantee Report and calculation of the Annual <br /> Energy Cost Savings and satisfaction of this Savings Guarantee . <br /> SECTION 5 . EXCLUSIVE REMEDIES OF OWNER <br /> (A) Prior to delivery of any annual Guarantee Report, in the event that such Guarantee Report <br /> would indicate that the Equipment will otherwise fail to produce Annual Energy Cost Savings in an amount at <br /> least equal to the Annual Guaranteed Savings for such annual period ( and such situation is not caused by the <br /> OWNER failure to operate the Equipment per this Savings Guarantee ) , the COMPANY may , on one or more <br /> occasions , take action to cause the Annual Energy Cost Savings to equal or exceed the Annual Guaranteed <br /> Savings , including but not limited to fine tuning of Equipment, the addition of implementation methods <br />, <br /> operation methods , or energy conservation measures which increase the Annual Energy Cost Savings . In any <br /> such remedy case , the COMPANY shall provide the OWNER with notice of any such activity including an <br /> annual Guarantee Report, which will provide the appropriate details . Any such action shall not adversely <br /> impact facility operations nor impede on normal facility functionality. <br /> ( B) The COMPANY may take all other actions to help the Annual Energy Cost Savings equal or <br /> exceed the Annual Guaranteed Savings , including but not limited to the addition of implementation methods , <br /> operation methods , or energy conservation measures which increase the Annual Energy Cost Savings . The <br /> OWNER shall have the right to review and approve , which approval shall not be unreasonably withheld , any <br /> such action to ensure that they do not adversely impact facility operations nor impede on normal facility <br /> functionality. <br /> (C) If, after taking the actions described above (which the COMPANY shall describe to the <br /> OWNER in the Guarantee Report) and performing any follow up which the COMPANY deems necessary , such <br /> Guarantee Report still indicates that the Annual Energy Cost Savings in such Guarantee Report is not at least <br /> equal to the Annual Guaranteed Savings amount for such annual period , then the COMPANY shall pay to the <br /> OWNER an amount equal to the difference for such respective annual period between the Annual Guaranteed <br /> Indian River County , Florida 5 Indian River County Phase 1 <br /> -Phase _I I Rev . 1 /05/09 <br />
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