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{{#Wiki_filter:,~~,~~'~~ISETTLEMENTAGREEl1ENTSection1-Parties1.1ThisSettlementAgreement(Agreement),made1980,isbetweentheCityofOrlando,Florida,amunicipalcorporation,andOrlandoUtilitiesCommission,astatutorycommissionunderthelawsoftheStateofFlorida(collectively"Orlando"),andFloridaPowerLightCompany(FPL),acorporationdulyorganized,created,andexistingunderandbyvirtueofthelawsoftheStateofFlorida,whoarethe"Parties."Section2-Premises2.1OrlandohasintervenedinanantitrustproceedingnowpendingbeforetheU.S.NuclearRegulatoryCommission(NRC)involvingtheconstructionpermitforSt.LuciePlant,Unit.No.2(St.LucieUnitNo.2),anucleargeneratingunitownedbyFPLandcurrentlyunderconstruction.OrlandahasalsosuggestedtotheNRCthatitshouldinitiatepro-ceedingsunderSection105aoftheAtomicEnergyActtodeterminewhetherthelicensesofFPL'sthreeoperatingnuclearplantsshouldberevokedormodified.Finally,OrlandohasconsideredenteringapendingcivilantitrustactionintheUnitedStatesDistrictCourtfortheSouthern80061VOVJq'OUNC11-'ATEMtt~Pt',ltltl~~DOCUMENTARYP | |||
~~DistrictofFloridafiledagainstFPLbycertainFloridamunicipalities.2.2ThePartiesagreetoresolvetheseandallsuchclaimsthatOrlandohasassertedormightassertasofthedateofthisAgreementonthebasisofthecovenantscontainedherein,whichincludeprovisionsforFPLtoofferOrlandoanownershipinterestinSt.LucieUnitNo.2alongwithcertainotherrelatedservicesandarrangements,FPLtodefraycertainexpensesincurredbyOrlandoinpreparationforlitigation,andforOrlandotowithdrawfrom'participationincertainregulatoryproceedingsandtoreleaseFPLfromallclaims,contentionsordefensesgroundedupontheantitrustlawsandcertainotherregu-latorystatutes,whichOrlandocouldassertagainstFPLasofthedateofthisAgreement,allsuchcovenantstobecomeeffectiveandsuchpaymenttobemadeuponclosingasprovidedherein.Section3-ParticipationinSt.LucieUnitNo.23.1FPLshallaffordOrlandotheoppoitunitytopurchasea6.08951%ownershipshareofSt.LucieUnitNo.2.ThepartiesshallnegotiateaparticipationagreementforthepurchaseofsuchownershipshareandparticipationbyOrlandoinSt.LucieUnitNo.2.TheclosingprovidedinSection10ofthisAgreement e | |||
shalltakeplaceatthetimeofexecutionofsuchparticipa-tionagreement,oratamutuallyagreedtimewithin5businessdaysthereafter.3.2Ifnoparticipationagreement,asdescribedinSection3.1ofthisAgreement,isexecutedbyJune6,1980,thentheprovisionsofthisAgreementmaybeterminatedattheoptionofeitherpartybynoticegiveninwritingtotheotherparty.Section4-DeliverService4.1FromthedateFPLdeclaresSt.LucieUnitNo.2tobeincommercialoperation,untiltheretirementofSt.LucieUnitNo.2,FPLshalldelivertoOrlando,atoneormorepointswheretheelectricsystemsofthePartiesareinterconnected,anycapacityorenergytowhichOrlandoisentitledbyvirtueofthisAgreement.4.2ThePartiesshallnegotiateacontractforthedeliveryserviceprovidedinSection4.1ofthisAgreement,whichcontractshallprovidetherateandtermsandconditionsforsuchdeliveryservice.XfthePartiesareunabletoagreeontherate,termsorconditionsofsuchacontract,FPLshallfileunilaterallyitsproposedcontractwiththeFederalEnergyRegulatoryCommission(FERC)atleast60daysbefore lI FPLdeclaresSt.LucieUnitNo.2tobeincommercialoperation.SubjecttotheobligationsundertakenpursuanttoSection9ofthisAgreement,nothinginthiscovenantshallpreventOrlandofromobjectingtoanysuchrates,'termsorconditionsbeforetheFERC.ShouldtheFERCdetermine,inaf'naldecisionnolongersubjecttojudicialreview,thatthechargeprovidedinsuchcontractfiledunilaterallybyFPLisnotjustandreasonable,FPLshallrefundanypaymentmadebyOrlandoinexcessofthechargefoundjustandreasonablebytheFERC,withinterestpaidinaccordance'ithapplicableFERCregulations.Thecon-tractshallprovidethatFPL,atanytimeduringitsterm,mayunilaterallyfileforachangeinratesortermsandconditionsunderSection.205oftheFederalPowerActorsuccessorlegislation,andthatOrlando,subjecttotheobligationsundertakenpursuanttoSection9ofthisAgreement,shallhavetherighttoobjecttoanysuchratesortermsandconditionsbeforetheFERC.Section5-St.LucieUnit,No.2'BackstandServices5.1AtOrlando'ssoleoption,FPLshallselltoOrlandoreplacementpowerandenergy("backstand"),fromotherresourcesavailabletoFPLattimesthatSt.LucieUnit.No.2iswhollyorpartiallyunavailabletogenerateelectricity. | |||
OrlandoshallbeentitledtosuchbackstandwhenandtotheextentthattheseasonalnetcapabilityofitspercentageentitlementtotheoutputofSt.LucieUnitNo.2(asdeter-minedfromtimetotimebyFPLapplyingthestandardsusedbyFPLtoestablishtheseasonalnetcapabilityofallofitsnucleargeneratingfacilities),exceedsthenetpowerandenergyactuallyavailabletoOrlandofromSt.LucieUnitNo.2.Ifsuchoptionisexercised,suchbackstandshallbeavailabletoOrlandobeginningatthetimeFPLdeclaresSt.LucieUnitNo.2tobeincommercialoperationuntilSt.LucieUnitNo.2isretiredbyFPL;however,innocircumstanceswillFPLberequiredtoprovideOrlandoupwithtotalbackstandformorethan365consecutivedays,foranysingleinstanceoroccurrencethatcausesthenetpowerandenergyavailabletoOrlandofromSt.LucieUnitNo.2tobelessthantheseasonalnetcapabilityofOrlando'sownershipshareofsuchunit.OrlandomayexercisetheoptioninthiscovenantbynoticetoFPLgivenatanytimepriortothedateFPLdeclaresSt.LucieUnitNo.2tobeincommercialoperation.5.2UpontimelynoticeunderSection5.1ofthisAgreementthatOrlandodesiresbackstandservice,thePartiesshallnegotiateacontractforthesaleofbackstandservicebyFPL | |||
toOrlando,whichcontractshallprovidetherateandtermsandconditionsforsuchbackstandservice.IfthePartiesareunabletoagreeonthetermsofsuchacontract,FPLwillunilaterallyfileitsproposedcontractwiththeFERCat,least60daysbeforethedateofcommercialoperationofSt.'ucieUnitNo.2;providedthatFPIwillinnoeventberequiredtomakeanyfilinguntilatleast90daysafterthereceiptofthenoticeofexerciseofOrlando'soptionpursuanttoSection5.1ofthisAgreement.SubjecttotheobligationsundertakenpursuanttoSection9ofthisAgreement,nothinginthiscovenant,shallpreventOrlandofromobject-ingtoanysuchrates,termsorconditionsbeforetheFERC.ShouldtheFERCdetermine,inafinalordernolongersubjecttojudicialreview,thatthechargesprovidedinsuchcontractfiledunilaterallybyFPLarenotjustandreasonable,FPLshallrefundanypaymentmadebyOrlandoinexcessofthechargefoundjustandreasonablebytheFERC,withinterestpaidinaccordancewithapplicableFERCregulations.ThecontractshallprovidethatFPL,atanytimeduringitsterm,mayunilaterallyfileforachangeinratesortermsandconditionsunderSection205oftheFederalPowerActorsuccessorlegislation,andthatsubjecttoSection9ofthisAgreementOrlandoshallhavetherighttoobjecttoanysuchrates,termsorconditionsbeforetheFERC. | |||
Section6-AdditionalParticipationandUnitPowerSellback6.1AtOrlando'ssoleoption,Orlandomaypurchaseanadditional2.02781%ownershipinterestinSt.LucieUnitNo.2("AdditionalShare")overandabovethetotalownershipinterest.inSt.LucieUnitNo.2providedin1Secti'on3.1ofthisAgreement.OrlandomayexercisetheoptiontopurchasesuchAdditionalSharebynoticegiventoFPLatanytimepriortoJanuary1,1'983.Ifsuchoptionistimelyexercised,theparticipationagreementshallbedrawnoramendedtoprovidefortransfertoOrlandoofatotalownershipshareof8.11732%.6.2IfOrlandoexercisestheoptionset.forthinSection6.1ofthisAgreement,FPLshallrepurchasetwenty-fivepercent(25%)ofthecapacityandassociatedenergyderivedfromOrlando'stotal8.11732%ownershipshareofSt.LucieUnit.No.2,foratermequaltotheoperatinglifeofSt.LucieUnitNo.2.6.3IfOrlandoexercisestheoptionsetforthinSection6.1;thePartiesshallnegotiateacontractfortherepurchaseofOrlando'sSt.LucieUnitNo.2capacity("repurchaseagreement").TherepurchaseagreementshallprovidethatFPLshallpayOrlando,fortherepurchaseof | |||
capacityandassociatedenergyprovidedinSection6.2ofthisAgreement,allofOrlando'scostsassociatedwiththecapacitysubjecttosuchrepurchase.Suchcostsaretoinclude,withoutlimitation,allcostsincurredbyOrlandoinconnectionwithoperationandmaintenance,fuel,andacapitalchargecalculatedonthebasisofonehundredpercent(100%)debtfinancing,thepercentagecostofsuchdebttobedeterminedonthebasisoftheaveragecostofOrlando'sdebtcapitalappliedtoOrlando'sacquisitionofitsownershipshareinSt.LucieUnitNo.2,towhichonepercent(1%)shallbeadded.6.4TheoptionandFPL'sagreementtorepurchasecapacityandenergyprovidedinthisSection6havebeenagreeduponbythePartiesbasedontheirmutualunderstand-ingthatinterestontheinstrumentsofdebtissuedbyOrlandotofinanceacquisitionofitsshareofSt.LucieUnitNo.2willbeexcludedfromthegrossincomeofthelenderforFederalIncomeTaxpurposes("taxexemptfinancing").OrlandoshallnotexercisetheoptionprovidedinthisSection6unlessit,believesingoodfaithatthetimeofitsexerciseoftheoptionthattherepurchasepricepaidbyFPLpursuanttoSection6.3willreflectacapitalchargebasedupontaxexemptfinancingbyOrlando.Inanyevent, | |||
FPLshallnot.berequiredtoenterintotherepurchaseagreementprovidedinthisSection6unlessithasreasonableassurancethatthecapitalchargeprovidedthereinshallbebasedupontaxexemptfinancing.Section7-NuclearReliabilitExchaneI7.1AtOrlando'ssoleoption,saidoptiontobeexercisedbynoticetoFPLgivennotlaterthanJanuary1,1983,'hePartiesshallnegotiateanuclearreliabilityexchangeagreementunderwhichOrlandowillexchangethree-quartersofthecapacityandassociatedenergyfromitsownershipshareofSt.'ucieUnitNo.2foranequalamountofcapacityandassociatedenergyfromTurkeyPointUnitNos.3and4andSt.LucieUnitNo.1("exchangeunits").Thecapacitysoexchangedwillbedividedequallyamongtheexchangeunits.Forpurposesofthenuclearreliabilityexchangeagreement,"capacity"shallbeexpressedinkilowatts.Orlando'srightsat,anygiventimetothecapacityandassociatedenergyofanysuchexchangeunitshallbe.aper-centageofsuchunit'snetcapabilityatsuchtime,calculatedasfollows:(i)Orlando'skilowattentitlementtothecapacityandenergyofSt.LucieUnitNo.2shallbedeterminedbyapplyingitspercentageownership'hareofSt.LucieUnitNo.2(priortotheexchange)totheanticipatedmaturesummer | |||
I~~~I~l10seasonalnetcapabilityofSt.LucieUnitNo.2asdeterminedbyFPLasofthedateFPLdeclaresSt.LucieUnitNo.2incommercialoperation,applyingthestandardsusedbyFPLtoestablishtheseasonalnetgeneratingcapabilityofallofitsnucleargeneratingfacilities;(ii)TodetermineOrlando'spercentageentitlementtothenetcapacityandenergyofsuchexchangeunit,one-fourthofthekilowattentitlementdeterminedunder(i)shallbedividedbythenormalsummer.seasonalnetcapabilityinkilowattsforeachsuchunit(with"normalsummerseasonalnetcapability"determined,ineachinstance,byFPLasofthedatethatFPLdeclaresSt.LucieUnitNo.2incommercialoperation,applyingthestandards'usedbyFPLtoestablishtheseasonalnetgeneratingcapabilityofallofitsnucleargeneratingfacilities).Thenuclearreliabilityexchangeagreementshallprovidethat:(a)nochangeinownershipofanygeneratingfacilityshallbeinvolved,(b)eachPartyshallcontinuetobearallinvestmentandotherfixedcostsassociatedwiththegeneratingfacilitiesownedbyit,(c)eachPartyshallberesponsibleforthefuelandothervariablecostsassociatedwiththecapacityandenergyavailabletoit,and(d)thenuclearreliabilityexchangeshallcommenceifandwhenFPLdeclaresSt.LucieUnitNo.2incommercialoperationandshall | |||
terminatewhenFPLretiresSt.LucieUnitNo.2.TheoptionprovidedinthisSectionmaybeexercisedonlyifOrlando,atorpriortothetimeoftheexerciseofthisoption,exercisestheoptionprovidedinSection6ofthisAgreement.Section8-ReimbursementofLitiationExenses8.1Uponclosing,FPLshallreimburseOrlandoforcertainlitigationexpenseswhichithasincurredthroughparticipationintheproceedingsbeforetheNRCnamedinSection9.2ofthisAgreement,aswellassuchexpensesincurredinpreparingfororexploringthe.possibilityofjoininginthesuitpendingintheUnitedStatesDistrictCourtfortheSouthernDistrictofFlorida,CivilActionNo.79-5101-Civ-JLK.FPLshallreimburseOrlandoforall1suchexpensesuptoamaximumlimitof$100,000.8.2Atleast10businessdayspriortotheclosingprovidedinSection10ofthisAgreement,OrlandoshallpresenttoFPLabillingfortheexpensesprovidedinSection8.1.Suchbillshallincludejustificationfortheamountclaimedtotheextentthesameisevidencedbytheinvoicesandpaymentthereof.FPLshallmakethepaymentprovidedinSection8.1attheclosing. | |||
-12-Section9-ReleaseandWithdrawalofClaims9.1OrlandoagreestoexecutetheRelease,appendedtothisAgreementasAttachmentA,anddeliverittoFPLatthetimeofclosing.9.2Uponclosing(a)OrlandoshalltakesuchstepsasarenecessarytowithdrawitsinterventionintheNRCantitrustlicensingproceedingstyledFloridaPowerLightCompany(St.LuciePlant,UnitNo.2)DocketNo.50-389A;(b)Orlandoshallwithdrawitsrequest,submittedinresponsetoaJuly27,1978,OrderoftheNRCinamatterstyledFloridaPoweraLightCompany(St.LuciePlant,UnitNos.1and2)DocketNos.50-335A,50-389A;FloridaPoweraLiqhtCompany(TurkeyPointPlant,UnitNos.3and4)Docket.Nos.50-250A,50-251A,thattheNRCconduct,aproceedingwithrespecttoFPLunderSection105aoftheAtomicEnergyAct,andifanysuchproceedingiscommenced,Orlandoshallnotparticipatetherein.9.3OrlandoshallnotbringsuitorotherwiseassertagainstFPL,FPL'spast,presentandfutureparents,subsidi-aries,affiliates,orsuccessors,ortheofficers,directors,employees,partners,oragentsofFPL'ndsuch'arents, i | |||
-13subsidiaries,affiliates,orsuccessors,ortheheirsandlegalrepresentativesofsuchofficers,directors,employees,partnersoragents,inanycourt,administrativeforum,proceedingorhearingoftheUnitedStatesoranystate,anyclaim,contention,ordefenseunderorgroundeduponthosestatutesrecitedintheReleaseappendedasAttachmentAtothisAgreement,baseduponanyactionorinactionbyFPLorbyreasonofanycause,matterorthingwhatsoever,fromthebeginningoftheworldtothedate'fthisAgreement.9.4Negotiation,execution,oracceptanceofthisAgreementisnotanadmissionof,nordoesitcreateapresumptionof,anyviolationofanylawonthepartofeitherParty.Section10-Closin10.1ThereshallbeaclosingatthetimedesignatedinaccordancewithSection3ofthisAgreement,attheGeneralOfficesofFPL,9250N.FlaglerStreet,Miami,Florida.Atthetimeofclosing,FPLshallmakethepaymenttoOrlandoasprovidedinSection8ofthisAgreement.OrlandoshalldelivertoFPLanexecutedRelease(AttachmentA)asprovidedinSection9.1ofthisAgreement.FPL'sobligationsunderSections4,5,6,7,8andllandOrlando' Il',IL= | |||
covenantsunderSection9ofthisAgreementshallnotbeeffectiveuntilclosing,butshallbeeffectiveuponandafterclosing.SectionllParitwithPartiestoSubseuentSettlementAreements11.1ShouldFPLenterintoanegotiatedagreementsubsequenttothisAgreement(subsequentagreement)withanymunicipalityinFloridainsettlementofthesuitdescribedinSection8.1ofthisAgreementoreitheroftheNRCpro-'\ceedingsdescribedinSection9.2ofthisAgreement,FPL/shalltransmitanysuchsubsequentagreement.toOrlando.IftheconsiderationgrantedbyFPLinanysubsequentagreementforsettlementoftheproceedingslistedintheforegoingsentenceprovidesanysuchmunicipalitywithdifferent,orquantitativelygreater,benefitsthanthisAgreementprovidesOrlando,Orlandomay,bynoticegiventoFPLnotmorethan90daysafterthedateonwhichFPLhastransmittedsuchsubsequentagreementtoOrlando,requestthatFPLamendthisAgreementtoincorporatethetermsofsuchsubsequentagreementrequestedbyOrlando;inwhichevent,FPLshallsoamendthisAgreement,providedthatFPLmayrequirethatsuchamendmentincorporateanytermsofsuchsubsequentagreementdesiredbyFPL. | |||
-15-XndeterminingwhetheraprovisioninasubsequentAgreementgrantinganownershipinterestinSt.LucieUnitNo.2providesadifferent,orquantitativelygreaterbenefitthanisprovidedbythegrantingofownershipinterestinSt.LucieUnitNo.2inthisAgreement,thefollowingprinciplewillapply:lfsuchsubsequentAgreementprovidesanysuchmunicipalitywithashareofSt.'ucieUnitNo.2(exclusiveofanyownershipsharegrantedinconjunctionwitha"sellback"arrangementsimilartothatdescribedinSection6ofthisAgreement)whichconstitutesapercentageofsuchmunicipality's1977peakelectricloadwhichisgreaterthantheparticipationshareprovidedinSection3.1ofthisAgreementexpressedasapercentageofOrlando'1977peakelectricload,Orlandomayrequest.theopportunityforownership,ofaninterestin'St.LucieUnitNo.2equaltothehigherpercentageappliedtoOrlando's1977peakload.Forpurposesofthisdetermination,anyentity'sshareinSt.LucieUnitNo.2shallbeexpressedinkilowattsbyapplyingitsownershippercentageinSt.LucieUnitNo.2to802megawatts.Asettlementagreementmadeinconsiderationofaparticularmunicipality'sagreeingnottobecomeapartytotheproceedingsdescribedaboveshallbetreatedasanagreementinsettlementofsuchproceedings. | |||
-16ThisprovisionandanyprovisionoftheparticipationagreementbetweenFPLandOrlandoforSt.LucieUnitNo.2whichpermitsOrlandotoobtainparitywiththetermsofaparticipationagreementexecutedbetweenFPLandathirdpartyareintendedtooperateindependently,andeachshallremaininfullforceandeffect.Suchprovisionoftheparticipationagrebmentshallnot.beconstruedtoaffecttheoperationofthisprovision,andthisprovisionshall~'rnotbeconstruedtoaffecttheoperationofsuchprovisionoftheparticipationagreement.Section12-Remedies12.1ThePartiesagreethatspecificperformance,andnot,rescissionandrestitutionordamages,shallbethesoleremedyforanybreachofthisAgreementbyeitherParty',whetherthatbreachispartialortotal,exceptinsofarasthisAgreementexplicitlysetsforthotherremedies.Section13-GeneralProvisions13.1Ifanypart,termorprovisionofthisAgreementoroftheReleaseappendedasAttachmentAisheldtobeillegalorinconflictwithanyofthelawsoftheStateofFloridaoroftheUnitedStatesinanygivencircumstanceunderanyset.offacts(a)the'validityoftheremainingportionsorprovisionsastothosecircumstancesorsetof | |||
-17factsshallnotbeaffected,(b)thevalidityoftheentireAgreementorReleaseastoanyothercircumstancesorsetoffactsshallnotbeaffectedand(c)therightsandobligationsofthePartiesshallbeconstruedandenforcedastothesecircumstancesorsetoffactsasiftheAgreementorReleasedidnotcontaintheparticularpart,term,orprovisionheldtobeinvalidasappliedtothesecircumstancesorsetoffacts.13.2ThePartiesshallcooperatetoexpedite'ndresolveanymattersbeforeanystateorfederalregulatoryforumwhichmaybenecessarytoimplementanyprovisionofthisAgreement,eachpartytobearitsownrespectivelegalexpensesandcostsincurredinsuchmatters.13.3ThisAgreementshallbegovernedbythelawsoftheStateofFlorida,orbyUnitedStatesfederallaw,asapplicable.13.4NeitherthisAgreementnoranypartthereofshallbeassignedbyeitherPartywithoutpriorwrittenconsentoftheotherParty.13.5WaiverofanyprovisionorprovisionsofthisAgreementbyaPartyorthePartiesshallnotaffecttheremainingprovisionsoftheAgreement.13.6AllnoticestobegivenunderthisAgreementshallbeinwritingandshallbe'deemedtobegivenwhenmailed. | |||
A-18NoticestobegiventoFPLshallbedirectedtoFPL'sCoordinatorofInter-utilityAffairs,9250W.FlaglerStreet,Miami,Florida33101.NoticestobegiventoOrlandoshallbedirectedtoHarryC.Luff,Jr.,AssistantGeneralManager,OrlandoUtilitiesCommission,500S.OrangeAvenue,Orlando,Florida32801.Thedesignationofapersontobenotified,ortoreceivecopiesofnotices,ortheaddressofanysuchperson,maybechangedatanytimebynotice.13s7ThisAgreementshallbeeffectiveonthedateexecutedbythePartiesandshallcontinueineffectuntilallobligationsprovidedhereunderaredischarged.INWITNESSWHEREOF,thePartieshaveexecutedthisAgreementonthedatesetoutinSectionl.ORLANDOILITISCOMMSSIONAttest:N-C.,+By,'/AssistaIItSecretary'legalityApprovedastoform6/480PPgeresIeTIfAPPROVEOAETOFORMCITYOFORLANDO,FLORIDAASSISTANTCITYATTORilEYORLANDO,FLORIDAt~rneyforOrlandotali'C.iissionAttest;,ff/VByG.MichaelMillerDeputyCityClerkhl.ShhtonAdams,IlayorProternFLORIDAPOWERErTCOMPANYAttest:~@~ByassiT~SpCppTBRZlgc@Presrdent | |||
ATTACHMENTARELEASEKNOWALLHENBYTHESEPRESENTSTHATCityofOrlando,Florida,amunicipalcorporation,andtheOrlandoUtilitiesCommission,astatutorycommissionunder.thelawsoftheStateofFlorida(collectively"Orlando"),onbehalfofthemselvesandallpersonsclaimingunderthemandtheirpredecessors,successors,andassigns;andalloftheirpast,present,andfutureofficers,agentsandemployees,andtheirrespectiveheirsandlegalrepresentatives,forgoodandvaluableconsiderationfromFloridaPower6LightCompany(FPL),acorporationincorporatedunderthelawsoftheStateofFlorida,thereceiptofwhichisherebyacknowledged,doherebyrelease,remise,andforeverdischargeFPL,FPL'spast,presentandfutureparents,subsidiaries,affiliates,andsuccessors,andtheofficers,directors,partners,agents,andemployeesofFPLandsuchparents,subsidiaries,affiliates,andsuccessors,andtheheirsandlegalrepresentativesofsuchofficers,directors,employees,partners,andagents,ofandfromall,andallmannerof,actionsandcausesofactions,suits,cia'ims,contentions,judgmentsordefensesunderorbasedorgroundedupon(a)theantitrust.lawsoftheUnitedStates,asdefinedin15U.S.C.gl2(a)asamended,togetherwiththeFederal | |||
TradeCommissionAct,15U.S.C.545,asamended,(b)theantitrustlawsoftheStateofFlorida,Fla.Stat./f501.204,501.211,542.05,542.10and542.12,(c)theAtomicEnergyActof1954,42U.S.C.552011et.seq.,(d)Sections4,5and7oftheNaturalGasAct,15U.S.C.5g717c,717(d)and717f,or(e)Sections205and206oftheFederalPowerAct,16U.S.C.55824dand824e,toincludewithoutlimita-tionthosecausesofactions,suits,claims,contentions,judgmentsanddefenseswhichcouldbeassertedinanycourtoradministrativeforum,proceeding,orhearingoftheUnitedStatesoranystate,andalsotoinclude,withoutlimitation,thosearisingoutofthemattersallegedinCivilActionNo.79-5101-Civ-JLKintheUnitedStatesDistrictCourt.fortheSouthernDistrictofFlorida,whethertheybepresentlyknownorunknownorsuspectedorunsuspected,andwhethertheyberelatedorunrelatedtothelitiga-tionreferredtoaboveastolaworfactsorboth,whichagainstthesaidreleaseesthesaidreleasorsoranyof,themeverhad,nowhave,orwhichtheirheirs,executors,administrators,successors,orassigns,oranyofthem,hereaftercan,shallormayhave,for,orbyreasonofanycause,matterorthingwhatsoever,fromthebeginningof | |||
theworldtothedateofthisRelease.INWITNESSWHEREOF,Ihavehereuntosetmyhandandsealthis~Z~dayofSIGNEDANDSEALEDinthepresenceof(Seal)1980.APPROVEDASTOMANDLEGALITYJ4.1980torneyforOrlandoUtilitiesmmissionORLANDOUTIL-XBCOMMSSION(Seal)By.PresidehAttest:/ByeSh'amAttest:G.MichaelMillerDeputyCityClerkAssistantSecretrv'4APPROqEOAsTOfORMP'.I/~PiCITYOFORLANDO~FLORIDAN~LEGALITY8CihlxiFASSISTARTCITYATTPIInO'gUIgppfI.DRIDAorProtern | |||
UNITEDSTATESOFAMERICANUCLEARREGULATORYCOMMISSIONBEFORETHEATOMICSAFETYANDLICENSINGBOARDIntheMatterofFLORIDAPOWER6LIGHTCOMPANY(St.LuciePlant,UnitNo.2)NRCDocketNo.50-389ACERTIFICATEOFSERVICEIherebycertifythatcopiesoftheletterdatedJune121980,fromJ.A.Boukniqht,Jr.,tothemembersoftheAtomicSafetyandLicensingBoardwereservedonthefollowingbydepositintheUnitedStatesmail,firstclassandpostageprepaid,this12thdayofJune,1980:IvanW.Smith,Esq.,ChairmanAtomicSafetyandLicensingBoardU.S.NuclearRegulatoryCommissionWashington,D.C.20555ValentineB.Deale,Esq.,MemberAtomicSafetyandLicensingBoard1001ConnecticutAvenue,N.W.Washington,D.C.20036RobertM.Lazo,Esq.,MemberAtomicSafetyandLicensingBoardU.S.NuclearRegulatoryCommissionWashington,D.C.20555DocketingandServiceSectionOfficeoftheSecretaryU.S.NuclearRegulatoryCommissionWashington,D.C.20555JeromeSaltzman,ChiefAntitrust&IndemnityGroupU.S.NuclearRegulatoryCommission"Washington,D.C.20555ThomasGurney,Sr.,Esq.203NorthMagnoliaAvenueOrlando,Florida32802AtomicSafetyandLicensingBoardU.S.NuclearRegulatoryCommissionWashington,D.C.20555TracyDanese,Esq.VicePresidentforPublicAffairsFloridaPower6LightCompanyP.O.Box013100Miami,Florida33101JackW.Shaw,Jr.,Esq.JohnE.Mathews,Jr.,Esq.Mathews,Osborne,Ehrlich,McNatt,GobelmanaCobb1500.AmericanHeritageLifeBldg.11EastForsythStreetJacksonville,Florida32202RobertE.BathenFredSafferR.W.Beck6AssociatesP.O.Box6817Orlando,Florida32803RobertA.Jablon,Esq.AlanJ.Roth,Esq.2600VirginiaAvenue,N.W.Washington,D.C.20037WilliamC.Wise,Esq.Suite500120018thStreet,N.W.Washington,D.C.20036 | |||
DonaldA.Kaplan,Esq.,JanetR.Urban,Esq.,JohnS.Caragozian,Esq.,RobertFabrikant,Esq.,GeorgeM.Pond,Esq.,AntitrustDivision,Dept.ofJusticeP.O.Box14141Washington,D.C.20044WilliamH.Chandler,Esq.Chandler,O'Neal,Avera,Gray,Land6StriplingPostOfficeDrawer0Gainesville,Florida32602DanielM.Gribbon,Esq.HerbertDym,Esq.JoanneB.Grossman,Esq.Covington6Burling888SixteenthStreet,N.W.Washington,D.C.20006JosephRutberg,Esq.LeeScottDewey,Esq.FredericD.Chanania,Esq.CounselforNRCStaffU.S.NuclearRegulatoryCommissionWashington,D.C.20555CharlesR.P.Brown,Esq.Brown,PaxtonandWilliams301South6thStreetP.O.Box1418FortPierce,Florida33450JABouknightJrLowenstein,Newman,Reis,Axelrad6Toll1025ConnecticutAvenue,NWWashington,DC20036(202)862-8400Dated:June12,1980 | |||
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Revision as of 15:47, 26 April 2018
ML17208A703 | |
Person / Time | |
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Site: | Saint Lucie ![]() |
Issue date: | 06/05/1980 |
From: | ADAMS M S FLORIDA POWER & LIGHT CO., ORLANDO UTILITIES COMMISSION, ORLANDO, FL |
To: | |
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ML17208A702 | List: |
References | |
NUDOCS 8006170499 | |
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,~~,~~'~~ISETTLEMENTAGREEl1ENTSection1-Parties1.1ThisSettlementAgreement(Agreement),made1980,isbetweentheCityofOrlando,Florida,amunicipalcorporation,andOrlandoUtilitiesCommission,astatutorycommissionunderthelawsoftheStateofFlorida(collectively"Orlando"),andFloridaPowerLightCompany(FPL),acorporationdulyorganized,created,andexistingunderandbyvirtueofthelawsoftheStateofFlorida,whoarethe"Parties."Section2-Premises2.1OrlandohasintervenedinanantitrustproceedingnowpendingbeforetheU.S.NuclearRegulatoryCommission(NRC)involvingtheconstructionpermitforSt.LuciePlant,Unit.No.2(St.LucieUnitNo.2),anucleargeneratingunitownedbyFPLandcurrentlyunderconstruction.OrlandahasalsosuggestedtotheNRCthatitshouldinitiatepro-ceedingsunderSection105aoftheAtomicEnergyActtodeterminewhetherthelicensesofFPL'sthreeoperatingnuclearplantsshouldberevokedormodified.Finally,OrlandohasconsideredenteringapendingcivilantitrustactionintheUnitedStatesDistrictCourtfortheSouthern80061VOVJq'OUNC11-'ATEMtt~Pt',ltltl~~DOCUMENTARYP
~~DistrictofFloridafiledagainstFPLbycertainFloridamunicipalities.2.2ThePartiesagreetoresolvetheseandallsuchclaimsthatOrlandohasassertedormightassertasofthedateofthisAgreementonthebasisofthecovenantscontainedherein,whichincludeprovisionsforFPLtoofferOrlandoanownershipinterestinSt.LucieUnitNo.2alongwithcertainotherrelatedservicesandarrangements,FPLtodefraycertainexpensesincurredbyOrlandoinpreparationforlitigation,andforOrlandotowithdrawfrom'participationincertainregulatoryproceedingsandtoreleaseFPLfromallclaims,contentionsordefensesgroundedupontheantitrustlawsandcertainotherregu-latorystatutes,whichOrlandocouldassertagainstFPLasofthedateofthisAgreement,allsuchcovenantstobecomeeffectiveandsuchpaymenttobemadeuponclosingasprovidedherein.Section3-ParticipationinSt.LucieUnitNo.23.1FPLshallaffordOrlandotheoppoitunitytopurchasea6.08951%ownershipshareofSt.LucieUnitNo.2.ThepartiesshallnegotiateaparticipationagreementforthepurchaseofsuchownershipshareandparticipationbyOrlandoinSt.LucieUnitNo.2.TheclosingprovidedinSection10ofthisAgreement e
shalltakeplaceatthetimeofexecutionofsuchparticipa-tionagreement,oratamutuallyagreedtimewithin5businessdaysthereafter.3.2Ifnoparticipationagreement,asdescribedinSection3.1ofthisAgreement,isexecutedbyJune6,1980,thentheprovisionsofthisAgreementmaybeterminatedattheoptionofeitherpartybynoticegiveninwritingtotheotherparty.Section4-DeliverService4.1FromthedateFPLdeclaresSt.LucieUnitNo.2tobeincommercialoperation,untiltheretirementofSt.LucieUnitNo.2,FPLshalldelivertoOrlando,atoneormorepointswheretheelectricsystemsofthePartiesareinterconnected,anycapacityorenergytowhichOrlandoisentitledbyvirtueofthisAgreement.4.2ThePartiesshallnegotiateacontractforthedeliveryserviceprovidedinSection4.1ofthisAgreement,whichcontractshallprovidetherateandtermsandconditionsforsuchdeliveryservice.XfthePartiesareunabletoagreeontherate,termsorconditionsofsuchacontract,FPLshallfileunilaterallyitsproposedcontractwiththeFederalEnergyRegulatoryCommission(FERC)atleast60daysbefore lI FPLdeclaresSt.LucieUnitNo.2tobeincommercialoperation.SubjecttotheobligationsundertakenpursuanttoSection9ofthisAgreement,nothinginthiscovenantshallpreventOrlandofromobjectingtoanysuchrates,'termsorconditionsbeforetheFERC.ShouldtheFERCdetermine,inaf'naldecisionnolongersubjecttojudicialreview,thatthechargeprovidedinsuchcontractfiledunilaterallybyFPLisnotjustandreasonable,FPLshallrefundanypaymentmadebyOrlandoinexcessofthechargefoundjustandreasonablebytheFERC,withinterestpaidinaccordance'ithapplicableFERCregulations.Thecon-tractshallprovidethatFPL,atanytimeduringitsterm,mayunilaterallyfileforachangeinratesortermsandconditionsunderSection.205oftheFederalPowerActorsuccessorlegislation,andthatOrlando,subjecttotheobligationsundertakenpursuanttoSection9ofthisAgreement,shallhavetherighttoobjecttoanysuchratesortermsandconditionsbeforetheFERC.Section5-St.LucieUnit,No.2'BackstandServices5.1AtOrlando'ssoleoption,FPLshallselltoOrlandoreplacementpowerandenergy("backstand"),fromotherresourcesavailabletoFPLattimesthatSt.LucieUnit.No.2iswhollyorpartiallyunavailabletogenerateelectricity.
OrlandoshallbeentitledtosuchbackstandwhenandtotheextentthattheseasonalnetcapabilityofitspercentageentitlementtotheoutputofSt.LucieUnitNo.2(asdeter-minedfromtimetotimebyFPLapplyingthestandardsusedbyFPLtoestablishtheseasonalnetcapabilityofallofitsnucleargeneratingfacilities),exceedsthenetpowerandenergyactuallyavailabletoOrlandofromSt.LucieUnitNo.2.Ifsuchoptionisexercised,suchbackstandshallbeavailabletoOrlandobeginningatthetimeFPLdeclaresSt.LucieUnitNo.2tobeincommercialoperationuntilSt.LucieUnitNo.2isretiredbyFPL;however,innocircumstanceswillFPLberequiredtoprovideOrlandoupwithtotalbackstandformorethan365consecutivedays,foranysingleinstanceoroccurrencethatcausesthenetpowerandenergyavailabletoOrlandofromSt.LucieUnitNo.2tobelessthantheseasonalnetcapabilityofOrlando'sownershipshareofsuchunit.OrlandomayexercisetheoptioninthiscovenantbynoticetoFPLgivenatanytimepriortothedateFPLdeclaresSt.LucieUnitNo.2tobeincommercialoperation.5.2UpontimelynoticeunderSection5.1ofthisAgreementthatOrlandodesiresbackstandservice,thePartiesshallnegotiateacontractforthesaleofbackstandservicebyFPL
toOrlando,whichcontractshallprovidetherateandtermsandconditionsforsuchbackstandservice.IfthePartiesareunabletoagreeonthetermsofsuchacontract,FPLwillunilaterallyfileitsproposedcontractwiththeFERCat,least60daysbeforethedateofcommercialoperationofSt.'ucieUnitNo.2;providedthatFPIwillinnoeventberequiredtomakeanyfilinguntilatleast90daysafterthereceiptofthenoticeofexerciseofOrlando'soptionpursuanttoSection5.1ofthisAgreement.SubjecttotheobligationsundertakenpursuanttoSection9ofthisAgreement,nothinginthiscovenant,shallpreventOrlandofromobject-ingtoanysuchrates,termsorconditionsbeforetheFERC.ShouldtheFERCdetermine,inafinalordernolongersubjecttojudicialreview,thatthechargesprovidedinsuchcontractfiledunilaterallybyFPLarenotjustandreasonable,FPLshallrefundanypaymentmadebyOrlandoinexcessofthechargefoundjustandreasonablebytheFERC,withinterestpaidinaccordancewithapplicableFERCregulations.ThecontractshallprovidethatFPL,atanytimeduringitsterm,mayunilaterallyfileforachangeinratesortermsandconditionsunderSection205oftheFederalPowerActorsuccessorlegislation,andthatsubjecttoSection9ofthisAgreementOrlandoshallhavetherighttoobjecttoanysuchrates,termsorconditionsbeforetheFERC.
Section6-AdditionalParticipationandUnitPowerSellback6.1AtOrlando'ssoleoption,Orlandomaypurchaseanadditional2.02781%ownershipinterestinSt.LucieUnitNo.2("AdditionalShare")overandabovethetotalownershipinterest.inSt.LucieUnitNo.2providedin1Secti'on3.1ofthisAgreement.OrlandomayexercisetheoptiontopurchasesuchAdditionalSharebynoticegiventoFPLatanytimepriortoJanuary1,1'983.Ifsuchoptionistimelyexercised,theparticipationagreementshallbedrawnoramendedtoprovidefortransfertoOrlandoofatotalownershipshareof8.11732%.6.2IfOrlandoexercisestheoptionset.forthinSection6.1ofthisAgreement,FPLshallrepurchasetwenty-fivepercent(25%)ofthecapacityandassociatedenergyderivedfromOrlando'stotal8.11732%ownershipshareofSt.LucieUnit.No.2,foratermequaltotheoperatinglifeofSt.LucieUnitNo.2.6.3IfOrlandoexercisestheoptionsetforthinSection6.1;thePartiesshallnegotiateacontractfortherepurchaseofOrlando'sSt.LucieUnitNo.2capacity("repurchaseagreement").TherepurchaseagreementshallprovidethatFPLshallpayOrlando,fortherepurchaseof
capacityandassociatedenergyprovidedinSection6.2ofthisAgreement,allofOrlando'scostsassociatedwiththecapacitysubjecttosuchrepurchase.Suchcostsaretoinclude,withoutlimitation,allcostsincurredbyOrlandoinconnectionwithoperationandmaintenance,fuel,andacapitalchargecalculatedonthebasisofonehundredpercent(100%)debtfinancing,thepercentagecostofsuchdebttobedeterminedonthebasisoftheaveragecostofOrlando'sdebtcapitalappliedtoOrlando'sacquisitionofitsownershipshareinSt.LucieUnitNo.2,towhichonepercent(1%)shallbeadded.6.4TheoptionandFPL'sagreementtorepurchasecapacityandenergyprovidedinthisSection6havebeenagreeduponbythePartiesbasedontheirmutualunderstand-ingthatinterestontheinstrumentsofdebtissuedbyOrlandotofinanceacquisitionofitsshareofSt.LucieUnitNo.2willbeexcludedfromthegrossincomeofthelenderforFederalIncomeTaxpurposes("taxexemptfinancing").OrlandoshallnotexercisetheoptionprovidedinthisSection6unlessit,believesingoodfaithatthetimeofitsexerciseoftheoptionthattherepurchasepricepaidbyFPLpursuanttoSection6.3willreflectacapitalchargebasedupontaxexemptfinancingbyOrlando.Inanyevent,
FPLshallnot.berequiredtoenterintotherepurchaseagreementprovidedinthisSection6unlessithasreasonableassurancethatthecapitalchargeprovidedthereinshallbebasedupontaxexemptfinancing.Section7-NuclearReliabilitExchaneI7.1AtOrlando'ssoleoption,saidoptiontobeexercisedbynoticetoFPLgivennotlaterthanJanuary1,1983,'hePartiesshallnegotiateanuclearreliabilityexchangeagreementunderwhichOrlandowillexchangethree-quartersofthecapacityandassociatedenergyfromitsownershipshareofSt.'ucieUnitNo.2foranequalamountofcapacityandassociatedenergyfromTurkeyPointUnitNos.3and4andSt.LucieUnitNo.1("exchangeunits").Thecapacitysoexchangedwillbedividedequallyamongtheexchangeunits.Forpurposesofthenuclearreliabilityexchangeagreement,"capacity"shallbeexpressedinkilowatts.Orlando'srightsat,anygiventimetothecapacityandassociatedenergyofanysuchexchangeunitshallbe.aper-centageofsuchunit'snetcapabilityatsuchtime,calculatedasfollows:(i)Orlando'skilowattentitlementtothecapacityandenergyofSt.LucieUnitNo.2shallbedeterminedbyapplyingitspercentageownership'hareofSt.LucieUnitNo.2(priortotheexchange)totheanticipatedmaturesummer
I~~~I~l10seasonalnetcapabilityofSt.LucieUnitNo.2asdeterminedbyFPLasofthedateFPLdeclaresSt.LucieUnitNo.2incommercialoperation,applyingthestandardsusedbyFPLtoestablishtheseasonalnetgeneratingcapabilityofallofitsnucleargeneratingfacilities;(ii)TodetermineOrlando'spercentageentitlementtothenetcapacityandenergyofsuchexchangeunit,one-fourthofthekilowattentitlementdeterminedunder(i)shallbedividedbythenormalsummer.seasonalnetcapabilityinkilowattsforeachsuchunit(with"normalsummerseasonalnetcapability"determined,ineachinstance,byFPLasofthedatethatFPLdeclaresSt.LucieUnitNo.2incommercialoperation,applyingthestandards'usedbyFPLtoestablishtheseasonalnetgeneratingcapabilityofallofitsnucleargeneratingfacilities).Thenuclearreliabilityexchangeagreementshallprovidethat:(a)nochangeinownershipofanygeneratingfacilityshallbeinvolved,(b)eachPartyshallcontinuetobearallinvestmentandotherfixedcostsassociatedwiththegeneratingfacilitiesownedbyit,(c)eachPartyshallberesponsibleforthefuelandothervariablecostsassociatedwiththecapacityandenergyavailabletoit,and(d)thenuclearreliabilityexchangeshallcommenceifandwhenFPLdeclaresSt.LucieUnitNo.2incommercialoperationandshall
terminatewhenFPLretiresSt.LucieUnitNo.2.TheoptionprovidedinthisSectionmaybeexercisedonlyifOrlando,atorpriortothetimeoftheexerciseofthisoption,exercisestheoptionprovidedinSection6ofthisAgreement.Section8-ReimbursementofLitiationExenses8.1Uponclosing,FPLshallreimburseOrlandoforcertainlitigationexpenseswhichithasincurredthroughparticipationintheproceedingsbeforetheNRCnamedinSection9.2ofthisAgreement,aswellassuchexpensesincurredinpreparingfororexploringthe.possibilityofjoininginthesuitpendingintheUnitedStatesDistrictCourtfortheSouthernDistrictofFlorida,CivilActionNo.79-5101-Civ-JLK.FPLshallreimburseOrlandoforall1suchexpensesuptoamaximumlimitof$100,000.8.2Atleast10businessdayspriortotheclosingprovidedinSection10ofthisAgreement,OrlandoshallpresenttoFPLabillingfortheexpensesprovidedinSection8.1.Suchbillshallincludejustificationfortheamountclaimedtotheextentthesameisevidencedbytheinvoicesandpaymentthereof.FPLshallmakethepaymentprovidedinSection8.1attheclosing.
-12-Section9-ReleaseandWithdrawalofClaims9.1OrlandoagreestoexecutetheRelease,appendedtothisAgreementasAttachmentA,anddeliverittoFPLatthetimeofclosing.9.2Uponclosing(a)OrlandoshalltakesuchstepsasarenecessarytowithdrawitsinterventionintheNRCantitrustlicensingproceedingstyledFloridaPowerLightCompany(St.LuciePlant,UnitNo.2)DocketNo.50-389A;(b)Orlandoshallwithdrawitsrequest,submittedinresponsetoaJuly27,1978,OrderoftheNRCinamatterstyledFloridaPoweraLightCompany(St.LuciePlant,UnitNos.1and2)DocketNos.50-335A,50-389A;FloridaPoweraLiqhtCompany(TurkeyPointPlant,UnitNos.3and4)Docket.Nos.50-250A,50-251A,thattheNRCconduct,aproceedingwithrespecttoFPLunderSection105aoftheAtomicEnergyAct,andifanysuchproceedingiscommenced,Orlandoshallnotparticipatetherein.9.3OrlandoshallnotbringsuitorotherwiseassertagainstFPL,FPL'spast,presentandfutureparents,subsidi-aries,affiliates,orsuccessors,ortheofficers,directors,employees,partners,oragentsofFPL'ndsuch'arents, i
-13subsidiaries,affiliates,orsuccessors,ortheheirsandlegalrepresentativesofsuchofficers,directors,employees,partnersoragents,inanycourt,administrativeforum,proceedingorhearingoftheUnitedStatesoranystate,anyclaim,contention,ordefenseunderorgroundeduponthosestatutesrecitedintheReleaseappendedasAttachmentAtothisAgreement,baseduponanyactionorinactionbyFPLorbyreasonofanycause,matterorthingwhatsoever,fromthebeginningoftheworldtothedate'fthisAgreement.9.4Negotiation,execution,oracceptanceofthisAgreementisnotanadmissionof,nordoesitcreateapresumptionof,anyviolationofanylawonthepartofeitherParty.Section10-Closin10.1ThereshallbeaclosingatthetimedesignatedinaccordancewithSection3ofthisAgreement,attheGeneralOfficesofFPL,9250N.FlaglerStreet,Miami,Florida.Atthetimeofclosing,FPLshallmakethepaymenttoOrlandoasprovidedinSection8ofthisAgreement.OrlandoshalldelivertoFPLanexecutedRelease(AttachmentA)asprovidedinSection9.1ofthisAgreement.FPL'sobligationsunderSections4,5,6,7,8andllandOrlando' Il',IL=
covenantsunderSection9ofthisAgreementshallnotbeeffectiveuntilclosing,butshallbeeffectiveuponandafterclosing.SectionllParitwithPartiestoSubseuentSettlementAreements11.1ShouldFPLenterintoanegotiatedagreementsubsequenttothisAgreement(subsequentagreement)withanymunicipalityinFloridainsettlementofthesuitdescribedinSection8.1ofthisAgreementoreitheroftheNRCpro-'\ceedingsdescribedinSection9.2ofthisAgreement,FPL/shalltransmitanysuchsubsequentagreement.toOrlando.IftheconsiderationgrantedbyFPLinanysubsequentagreementforsettlementoftheproceedingslistedintheforegoingsentenceprovidesanysuchmunicipalitywithdifferent,orquantitativelygreater,benefitsthanthisAgreementprovidesOrlando,Orlandomay,bynoticegiventoFPLnotmorethan90daysafterthedateonwhichFPLhastransmittedsuchsubsequentagreementtoOrlando,requestthatFPLamendthisAgreementtoincorporatethetermsofsuchsubsequentagreementrequestedbyOrlando;inwhichevent,FPLshallsoamendthisAgreement,providedthatFPLmayrequirethatsuchamendmentincorporateanytermsofsuchsubsequentagreementdesiredbyFPL.
-15-XndeterminingwhetheraprovisioninasubsequentAgreementgrantinganownershipinterestinSt.LucieUnitNo.2providesadifferent,orquantitativelygreaterbenefitthanisprovidedbythegrantingofownershipinterestinSt.LucieUnitNo.2inthisAgreement,thefollowingprinciplewillapply:lfsuchsubsequentAgreementprovidesanysuchmunicipalitywithashareofSt.'ucieUnitNo.2(exclusiveofanyownershipsharegrantedinconjunctionwitha"sellback"arrangementsimilartothatdescribedinSection6ofthisAgreement)whichconstitutesapercentageofsuchmunicipality's1977peakelectricloadwhichisgreaterthantheparticipationshareprovidedinSection3.1ofthisAgreementexpressedasapercentageofOrlando'1977peakelectricload,Orlandomayrequest.theopportunityforownership,ofaninterestin'St.LucieUnitNo.2equaltothehigherpercentageappliedtoOrlando's1977peakload.Forpurposesofthisdetermination,anyentity'sshareinSt.LucieUnitNo.2shallbeexpressedinkilowattsbyapplyingitsownershippercentageinSt.LucieUnitNo.2to802megawatts.Asettlementagreementmadeinconsiderationofaparticularmunicipality'sagreeingnottobecomeapartytotheproceedingsdescribedaboveshallbetreatedasanagreementinsettlementofsuchproceedings.
-16ThisprovisionandanyprovisionoftheparticipationagreementbetweenFPLandOrlandoforSt.LucieUnitNo.2whichpermitsOrlandotoobtainparitywiththetermsofaparticipationagreementexecutedbetweenFPLandathirdpartyareintendedtooperateindependently,andeachshallremaininfullforceandeffect.Suchprovisionoftheparticipationagrebmentshallnot.beconstruedtoaffecttheoperationofthisprovision,andthisprovisionshall~'rnotbeconstruedtoaffecttheoperationofsuchprovisionoftheparticipationagreement.Section12-Remedies12.1ThePartiesagreethatspecificperformance,andnot,rescissionandrestitutionordamages,shallbethesoleremedyforanybreachofthisAgreementbyeitherParty',whetherthatbreachispartialortotal,exceptinsofarasthisAgreementexplicitlysetsforthotherremedies.Section13-GeneralProvisions13.1Ifanypart,termorprovisionofthisAgreementoroftheReleaseappendedasAttachmentAisheldtobeillegalorinconflictwithanyofthelawsoftheStateofFloridaoroftheUnitedStatesinanygivencircumstanceunderanyset.offacts(a)the'validityoftheremainingportionsorprovisionsastothosecircumstancesorsetof
-17factsshallnotbeaffected,(b)thevalidityoftheentireAgreementorReleaseastoanyothercircumstancesorsetoffactsshallnotbeaffectedand(c)therightsandobligationsofthePartiesshallbeconstruedandenforcedastothesecircumstancesorsetoffactsasiftheAgreementorReleasedidnotcontaintheparticularpart,term,orprovisionheldtobeinvalidasappliedtothesecircumstancesorsetoffacts.13.2ThePartiesshallcooperatetoexpedite'ndresolveanymattersbeforeanystateorfederalregulatoryforumwhichmaybenecessarytoimplementanyprovisionofthisAgreement,eachpartytobearitsownrespectivelegalexpensesandcostsincurredinsuchmatters.13.3ThisAgreementshallbegovernedbythelawsoftheStateofFlorida,orbyUnitedStatesfederallaw,asapplicable.13.4NeitherthisAgreementnoranypartthereofshallbeassignedbyeitherPartywithoutpriorwrittenconsentoftheotherParty.13.5WaiverofanyprovisionorprovisionsofthisAgreementbyaPartyorthePartiesshallnotaffecttheremainingprovisionsoftheAgreement.13.6AllnoticestobegivenunderthisAgreementshallbeinwritingandshallbe'deemedtobegivenwhenmailed.
A-18NoticestobegiventoFPLshallbedirectedtoFPL'sCoordinatorofInter-utilityAffairs,9250W.FlaglerStreet,Miami,Florida33101.NoticestobegiventoOrlandoshallbedirectedtoHarryC.Luff,Jr.,AssistantGeneralManager,OrlandoUtilitiesCommission,500S.OrangeAvenue,Orlando,Florida32801.Thedesignationofapersontobenotified,ortoreceivecopiesofnotices,ortheaddressofanysuchperson,maybechangedatanytimebynotice.13s7ThisAgreementshallbeeffectiveonthedateexecutedbythePartiesandshallcontinueineffectuntilallobligationsprovidedhereunderaredischarged.INWITNESSWHEREOF,thePartieshaveexecutedthisAgreementonthedatesetoutinSectionl.ORLANDOILITISCOMMSSIONAttest:N-C.,+By,'/AssistaIItSecretary'legalityApprovedastoform6/480PPgeresIeTIfAPPROVEOAETOFORMCITYOFORLANDO,FLORIDAASSISTANTCITYATTORilEYORLANDO,FLORIDAt~rneyforOrlandotali'C.iissionAttest;,ff/VByG.MichaelMillerDeputyCityClerkhl.ShhtonAdams,IlayorProternFLORIDAPOWERErTCOMPANYAttest:~@~ByassiT~SpCppTBRZlgc@Presrdent
ATTACHMENTARELEASEKNOWALLHENBYTHESEPRESENTSTHATCityofOrlando,Florida,amunicipalcorporation,andtheOrlandoUtilitiesCommission,astatutorycommissionunder.thelawsoftheStateofFlorida(collectively"Orlando"),onbehalfofthemselvesandallpersonsclaimingunderthemandtheirpredecessors,successors,andassigns;andalloftheirpast,present,andfutureofficers,agentsandemployees,andtheirrespectiveheirsandlegalrepresentatives,forgoodandvaluableconsiderationfromFloridaPower6LightCompany(FPL),acorporationincorporatedunderthelawsoftheStateofFlorida,thereceiptofwhichisherebyacknowledged,doherebyrelease,remise,andforeverdischargeFPL,FPL'spast,presentandfutureparents,subsidiaries,affiliates,andsuccessors,andtheofficers,directors,partners,agents,andemployeesofFPLandsuchparents,subsidiaries,affiliates,andsuccessors,andtheheirsandlegalrepresentativesofsuchofficers,directors,employees,partners,andagents,ofandfromall,andallmannerof,actionsandcausesofactions,suits,cia'ims,contentions,judgmentsordefensesunderorbasedorgroundedupon(a)theantitrust.lawsoftheUnitedStates,asdefinedin15U.S.C.gl2(a)asamended,togetherwiththeFederal
TradeCommissionAct,15U.S.C.545,asamended,(b)theantitrustlawsoftheStateofFlorida,Fla.Stat./f501.204,501.211,542.05,542.10and542.12,(c)theAtomicEnergyActof1954,42U.S.C.552011et.seq.,(d)Sections4,5and7oftheNaturalGasAct,15U.S.C.5g717c,717(d)and717f,or(e)Sections205and206oftheFederalPowerAct,16U.S.C.55824dand824e,toincludewithoutlimita-tionthosecausesofactions,suits,claims,contentions,judgmentsanddefenseswhichcouldbeassertedinanycourtoradministrativeforum,proceeding,orhearingoftheUnitedStatesoranystate,andalsotoinclude,withoutlimitation,thosearisingoutofthemattersallegedinCivilActionNo.79-5101-Civ-JLKintheUnitedStatesDistrictCourt.fortheSouthernDistrictofFlorida,whethertheybepresentlyknownorunknownorsuspectedorunsuspected,andwhethertheyberelatedorunrelatedtothelitiga-tionreferredtoaboveastolaworfactsorboth,whichagainstthesaidreleaseesthesaidreleasorsoranyof,themeverhad,nowhave,orwhichtheirheirs,executors,administrators,successors,orassigns,oranyofthem,hereaftercan,shallormayhave,for,orbyreasonofanycause,matterorthingwhatsoever,fromthebeginningof
theworldtothedateofthisRelease.INWITNESSWHEREOF,Ihavehereuntosetmyhandandsealthis~Z~dayofSIGNEDANDSEALEDinthepresenceof(Seal)1980.APPROVEDASTOMANDLEGALITYJ4.1980torneyforOrlandoUtilitiesmmissionORLANDOUTIL-XBCOMMSSION(Seal)By.PresidehAttest:/ByeSh'amAttest:G.MichaelMillerDeputyCityClerkAssistantSecretrv'4APPROqEOAsTOfORMP'.I/~PiCITYOFORLANDO~FLORIDAN~LEGALITY8CihlxiFASSISTARTCITYATTPIInO'gUIgppfI.DRIDAorProtern
UNITEDSTATESOFAMERICANUCLEARREGULATORYCOMMISSIONBEFORETHEATOMICSAFETYANDLICENSINGBOARDIntheMatterofFLORIDAPOWER6LIGHTCOMPANY(St.LuciePlant,UnitNo.2)NRCDocketNo.50-389ACERTIFICATEOFSERVICEIherebycertifythatcopiesoftheletterdatedJune121980,fromJ.A.Boukniqht,Jr.,tothemembersoftheAtomicSafetyandLicensingBoardwereservedonthefollowingbydepositintheUnitedStatesmail,firstclassandpostageprepaid,this12thdayofJune,1980:IvanW.Smith,Esq.,ChairmanAtomicSafetyandLicensingBoardU.S.NuclearRegulatoryCommissionWashington,D.C.20555ValentineB.Deale,Esq.,MemberAtomicSafetyandLicensingBoard1001ConnecticutAvenue,N.W.Washington,D.C.20036RobertM.Lazo,Esq.,MemberAtomicSafetyandLicensingBoardU.S.NuclearRegulatoryCommissionWashington,D.C.20555DocketingandServiceSectionOfficeoftheSecretaryU.S.NuclearRegulatoryCommissionWashington,D.C.20555JeromeSaltzman,ChiefAntitrust&IndemnityGroupU.S.NuclearRegulatoryCommission"Washington,D.C.20555ThomasGurney,Sr.,Esq.203NorthMagnoliaAvenueOrlando,Florida32802AtomicSafetyandLicensingBoardU.S.NuclearRegulatoryCommissionWashington,D.C.20555TracyDanese,Esq.VicePresidentforPublicAffairsFloridaPower6LightCompanyP.O.Box013100Miami,Florida33101JackW.Shaw,Jr.,Esq.JohnE.Mathews,Jr.,Esq.Mathews,Osborne,Ehrlich,McNatt,GobelmanaCobb1500.AmericanHeritageLifeBldg.11EastForsythStreetJacksonville,Florida32202RobertE.BathenFredSafferR.W.Beck6AssociatesP.O.Box6817Orlando,Florida32803RobertA.Jablon,Esq.AlanJ.Roth,Esq.2600VirginiaAvenue,N.W.Washington,D.C.20037WilliamC.Wise,Esq.Suite500120018thStreet,N.W.Washington,D.C.20036
DonaldA.Kaplan,Esq.,JanetR.Urban,Esq.,JohnS.Caragozian,Esq.,RobertFabrikant,Esq.,GeorgeM.Pond,Esq.,AntitrustDivision,Dept.ofJusticeP.O.Box14141Washington,D.C.20044WilliamH.Chandler,Esq.Chandler,O'Neal,Avera,Gray,Land6StriplingPostOfficeDrawer0Gainesville,Florida32602DanielM.Gribbon,Esq.HerbertDym,Esq.JoanneB.Grossman,Esq.Covington6Burling888SixteenthStreet,N.W.Washington,D.C.20006JosephRutberg,Esq.LeeScottDewey,Esq.FredericD.Chanania,Esq.CounselforNRCStaffU.S.NuclearRegulatoryCommissionWashington,D.C.20555CharlesR.P.Brown,Esq.Brown,PaxtonandWilliams301South6thStreetP.O.Box1418FortPierce,Florida33450JABouknightJrLowenstein,Newman,Reis,Axelrad6Toll1025ConnecticutAvenue,NWWashington,DC20036(202)862-8400Dated:June12,1980