ML17208A703: Difference between revisions

From kanterella
Jump to navigation Jump to search
(Created page by program invented by StriderTol)
(Created page by program invented by StriderTol)
Line 17: Line 17:


=Text=
=Text=
{{#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
{{#Wiki_filter:,~~,~~'~~ISETTLEMENT AGREEl1ENT Section1-Parties1.1ThisSettlement Agreement (Agreement),
made1980,isbetweentheCityofOrlando,Florida,amunicipal corporation, andOrlandoUtilities Commission, astatutory commission underthelawsoftheStateofFlorida(collectively "Orlando"
),andFloridaPowerLightCompany(FPL),acorporation dulyorganized, created,andexistingunderandbyvirtueofthelawsoftheStateofFlorida,whoarethe"Parties."
Section2-Premises2.1Orlandohasintervened inanantitrust proceeding nowpendingbeforetheU.S.NuclearRegulatory Commission (NRC)involving theconstruction permitforSt.LuciePlant,Unit.No.2(St.LucieUnitNo.2),anucleargenerating unitownedbyFPLandcurrently underconstruction.
Orlandahasalsosuggested totheNRCthatitshouldinitiatepro-ceedingsunderSection105aoftheAtomicEnergyActtodetermine whetherthelicensesofFPL'sthreeoperating nuclearplantsshouldberevokedormodified.
Finally,Orlandohasconsidered enteringapendingcivilantitrust actionintheUnitedStatesDistrictCourtfortheSouthern80061VOVJq'OUNC11-'ATE Mtt~Pt',ltltl~~DOCUMENTARY P


~~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
~~DistrictofFloridafiledagainstFPLbycertainFloridamunicipalities.
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.  
2.2ThePartiesagreetoresolvetheseandallsuchclaimsthatOrlandohasassertedormightassertasofthedateofthisAgreement onthebasisofthecovenants contained herein,whichincludeprovisions forFPLtoofferOrlandoanownership interestinSt.LucieUnitNo.2alongwithcertainotherrelatedservicesandarrangements, FPLtodefraycertainexpensesincurredbyOrlandoinpreparation forlitigation, andforOrlandotowithdrawfrom'participation incertainregulatory proceedings andtoreleaseFPLfromallclaims,contentions ordefensesgroundedupontheantitrust lawsandcertainotherregu-latorystatutes, whichOrlandocouldassertagainstFPLasofthedateofthisAgreement, allsuchcovenants tobecomeeffectiveandsuchpaymenttobemadeuponclosingasprovidedherein.Section3-Participation inSt.LucieUnitNo.23.1FPLshallaffordOrlandotheoppoitunity topurchasea6.08951%ownership shareofSt.LucieUnitNo.2.Thepartiesshallnegotiate aparticipation agreement forthepurchaseofsuchownership shareandparticipation byOrlandoinSt.LucieUnitNo.2.TheclosingprovidedinSection10ofthisAgreement e
shalltakeplaceatthetimeofexecution ofsuchparticipa-tionagreement, oratamutuallyagreedtimewithin5businessdaysthereafter.
3.2Ifnoparticipation agreement, asdescribed inSection3.1ofthisAgreement, isexecutedbyJune6,1980,thentheprovisions ofthisAgreement maybeterminated attheoptionofeitherpartybynoticegiveninwritingtotheotherparty.Section4-DeliverService4.1FromthedateFPLdeclaresSt.LucieUnitNo.2tobeincommercial operation, untiltheretirement ofSt.LucieUnitNo.2,FPLshalldelivertoOrlando,atoneormorepointswheretheelectricsystemsofthePartiesareinterconnected, anycapacityorenergytowhichOrlandoisentitledbyvirtueofthisAgreement.
4.2ThePartiesshallnegotiate acontractforthedeliveryserviceprovidedinSection4.1ofthisAgreement, whichcontractshallprovidetherateandtermsandconditions forsuchdeliveryservice.XfthePartiesareunabletoagreeontherate,termsorconditions ofsuchacontract, FPLshallfileunilaterally itsproposedcontractwiththeFederalEnergyRegulatory Commission (FERC)atleast60daysbefore lI FPLdeclaresSt.LucieUnitNo.2tobeincommercial operation.
Subjecttotheobligations undertaken pursuanttoSection9ofthisAgreement, nothinginthiscovenantshallpreventOrlandofromobjecting toanysuchrates,'termsorconditions beforetheFERC.ShouldtheFERCdetermine, inaf'naldecisionnolongersubjecttojudicialreview,thatthechargeprovidedinsuchcontractfiledunilaterally byFPLisnotjustandreasonable, FPLshallrefundanypaymentmadebyOrlandoinexcessofthechargefoundjustandreasonable bytheFERC,withinterestpaidinaccordance'ith applicable FERCregulations.
Thecon-tractshallprovidethatFPL,atanytimeduringitsterm,mayunilaterally fileforachangeinratesortermsandconditions underSection.205oftheFederalPowerActorsuccessor legislation, andthatOrlando,subjecttotheobligations undertaken pursuanttoSection9ofthisAgreement, shallhavetherighttoobjecttoanysuchratesortermsandconditions beforetheFERC.Section5-St.LucieUnit,No.2'Backstand Services5.1AtOrlando's soleoption,FPLshallselltoOrlandoreplacement powerandenergy("backstand"),
fromotherresources available toFPLattimesthatSt.LucieUnit.No.2iswhollyorpartially unavailable togenerateelectricity.  


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
Orlandoshallbeentitledtosuchbackstand whenandtotheextentthattheseasonalnetcapability ofitspercentage entitlement totheoutputofSt.LucieUnitNo.2(asdeter-minedfromtimetotimebyFPLapplyingthestandards usedbyFPLtoestablish theseasonalnetcapability ofallofitsnucleargenerating facilities),
exceedsthenetpowerandenergyactuallyavailable toOrlandofromSt.LucieUnitNo.2.Ifsuchoptionisexercised, suchbackstand shallbeavailable toOrlandobeginning atthetimeFPLdeclaresSt.LucieUnitNo.2tobeincommercial operation untilSt.LucieUnitNo.2isretiredbyFPL;however,innocircumstances willFPLberequiredtoprovideOrlandoupwithtotalbackstand formorethan365consecutive days,foranysingleinstanceoroccurrence thatcausesthenetpowerandenergyavailable toOrlandofromSt.LucieUnitNo.2tobelessthantheseasonalnetcapability ofOrlando's ownership shareofsuchunit.OrlandomayexercisetheoptioninthiscovenantbynoticetoFPLgivenatanytimepriortothedateFPLdeclaresSt.LucieUnitNo.2tobeincommercial operation.
5.2UpontimelynoticeunderSection5.1ofthisAgreement thatOrlandodesiresbackstand service,thePartiesshallnegotiate acontractforthesaleofbackstand servicebyFPL


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.  
toOrlando,whichcontractshallprovidetherateandtermsandconditions forsuchbackstand service.IfthePartiesareunabletoagreeonthetermsofsuchacontract, FPLwillunilaterally fileitsproposedcontractwiththeFERCat,least60daysbeforethedateofcommercial operation ofSt.'ucieUnitNo.2;providedthatFPIwillinnoeventberequiredtomakeanyfilinguntilatleast90daysafterthereceiptofthenoticeofexerciseofOrlando's optionpursuanttoSection5.1ofthisAgreement.
Subjecttotheobligations undertaken pursuanttoSection9ofthisAgreement, nothinginthiscovenant, shallpreventOrlandofromobject-ingtoanysuchrates,termsorconditions beforetheFERC.ShouldtheFERCdetermine, inafinalordernolongersubjecttojudicialreview,thatthechargesprovidedinsuchcontractfiledunilaterally byFPLarenotjustandreasonable, FPLshallrefundanypaymentmadebyOrlandoinexcessofthechargefoundjustandreasonable bytheFERC,withinterestpaidinaccordance withapplicable FERCregulations.
ThecontractshallprovidethatFPL,atanytimeduringitsterm,mayunilaterally fileforachangeinratesortermsandconditions underSection205oftheFederalPowerActorsuccessor legislation, andthatsubjecttoSection9ofthisAgreement Orlandoshallhavetherighttoobjecttoanysuchrates,termsorconditions beforetheFERC.  


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
Section6-Additional Participation andUnitPowerSellback6.1AtOrlando's soleoption,Orlandomaypurchaseanadditional 2.02781%ownership interestinSt.LucieUnitNo.2("Additional Share")overandabovethetotalownership interest.
inSt.LucieUnitNo.2providedin1Secti'on3.1ofthisAgreement.
OrlandomayexercisetheoptiontopurchasesuchAdditional SharebynoticegiventoFPLatanytimepriortoJanuary1,1'983.Ifsuchoptionistimelyexercised, theparticipation agreement shallbedrawnoramendedtoprovidefortransfertoOrlandoofatotalownership shareof8.11732%.
6.2IfOrlandoexercises theoptionset.forthinSection6.1ofthisAgreement, FPLshallrepurchase twenty-fivepercent(25%)ofthecapacityandassociated energyderivedfromOrlando's total8.11732%ownership shareofSt.LucieUnit.No.2,foratermequaltotheoperating lifeofSt.LucieUnitNo.2.6.3IfOrlandoexercises theoptionsetforthinSection6.1;thePartiesshallnegotiate acontractfortherepurchase ofOrlando's St.LucieUnitNo.2capacity("repurchase agreement").
Therepurchase agreement shallprovidethatFPLshallpayOrlando,fortherepurchase of


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,  
capacityandassociated energyprovidedinSection6.2ofthisAgreement, allofOrlando's costsassociated withthecapacitysubjecttosuchrepurchase.
Suchcostsaretoinclude,withoutlimitation, allcostsincurredbyOrlandoinconnection withoperation andmaintenance, fuel,andacapitalchargecalculated onthebasisofonehundredpercent(100%)debtfinancing, thepercentage costofsuchdebttobedetermined onthebasisoftheaveragecostofOrlando's debtcapitalappliedtoOrlando's acquisition ofitsownership shareinSt.LucieUnitNo.2,towhichonepercent(1%)shallbeadded.6.4TheoptionandFPL'sagreement torepurchase capacityandenergyprovidedinthisSection6havebeenagreeduponbythePartiesbasedontheirmutualunderstand-ingthatinterestontheinstruments ofdebtissuedbyOrlandotofinanceacquisition ofitsshareofSt.LucieUnitNo.2willbeexcludedfromthegrossincomeofthelenderforFederalIncomeTaxpurposes("taxexemptfinancing").
OrlandoshallnotexercisetheoptionprovidedinthisSection6unlessit,believesingoodfaithatthetimeofitsexerciseoftheoptionthattherepurchase pricepaidbyFPLpursuanttoSection6.3willreflectacapitalchargebasedupontaxexemptfinancing byOrlando.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
FPLshallnot.berequiredtoenterintotherepurchase agreement providedinthisSection6unlessithasreasonable assurance thatthecapitalchargeprovidedthereinshallbebasedupontaxexemptfinancing.
Section7-NuclearReliabilit ExchaneI7.1AtOrlando's soleoption,saidoptiontobeexercised bynoticetoFPLgivennotlaterthanJanuary1,1983,'hePartiesshallnegotiate anuclearreliability exchangeagreement underwhichOrlandowillexchangethree-quartersofthecapacityandassociated energyfromitsownership shareofSt.'ucieUnitNo.2foranequalamountofcapacityandassociated energyfromTurkeyPointUnitNos.3and4andSt.LucieUnitNo.1("exchangeunits").Thecapacitysoexchanged willbedividedequallyamongtheexchangeunits.Forpurposesofthenuclearreliability exchangeagreement, "capacity" shallbeexpressed inkilowatts.
Orlando's rightsat,anygiventimetothecapacityandassociated energyofanysuchexchangeunitshallbe.aper-centageofsuchunit'snetcapability atsuchtime,calculated asfollows:(i)Orlando's kilowattentitlement tothecapacityandenergyofSt.LucieUnitNo.2shallbedetermined byapplyingitspercentage ownership'hare ofSt.LucieUnitNo.2(priortotheexchange) totheanticipated maturesummer


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
I~~~I~l10seasonalnetcapability ofSt.LucieUnitNo.2asdetermined byFPLasofthedateFPLdeclaresSt.LucieUnitNo.2incommercial operation, applyingthestandards usedbyFPLtoestablish theseasonalnetgenerating capability ofallofitsnucleargenerating facilities; (ii)Todetermine Orlando's percentage entitlement tothenetcapacityandenergyofsuchexchangeunit,one-fourth ofthekilowattentitlement determined under(i)shallbedividedbythenormalsummer.seasonalnetcapability inkilowatts foreachsuchunit(with"normalsummerseasonalnetcapability" determined, ineachinstance, byFPLasofthedatethatFPLdeclaresSt.LucieUnitNo.2incommercial operation, applyingthestandards'used byFPLtoestablish theseasonalnetgenerating capability ofallofitsnucleargenerating facilities).
Thenuclearreliability exchangeagreement shallprovidethat:(a)nochangeinownership ofanygenerating facilityshallbeinvolved, (b)eachPartyshallcontinuetobearallinvestment andotherfixedcostsassociated withthegenerating facilities ownedbyit,(c)eachPartyshallberesponsible forthefuelandothervariablecostsassociated withthecapacityandenergyavailable toit,and(d)thenuclearreliability exchangeshallcommenceifandwhenFPLdeclaresSt.LucieUnitNo.2incommercial operation andshall


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.
terminate whenFPLretiresSt.LucieUnitNo.2.TheoptionprovidedinthisSectionmaybeexercised onlyifOrlando,atorpriortothetimeoftheexerciseofthisoption,exercises theoptionprovidedinSection6ofthisAgreement.
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  
Section8-Reimbursement ofLitiationExenses8.1Uponclosing,FPLshallreimburse Orlandoforcertainlitigation expenseswhichithasincurredthroughparticipation intheproceedings beforetheNRCnamedinSection9.2ofthisAgreement, aswellassuchexpensesincurredinpreparing fororexploring the.possibility ofjoininginthesuitpendingintheUnitedStatesDistrictCourtfortheSouthernDistrictofFlorida,CivilActionNo.79-5101-Civ-JLK.
-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=
FPLshallreimburse Orlandoforall1suchexpensesuptoamaximumlimitof$100,000.8.2Atleast10businessdayspriortotheclosingprovidedinSection10ofthisAgreement, OrlandoshallpresenttoFPLabillingfortheexpensesprovidedinSection8.1.Suchbillshallincludejustification fortheamountclaimedtotheextentthesameisevidenced bytheinvoicesandpaymentthereof.FPLshallmakethepaymentprovidedinSection8.1attheclosing.
covenantsunderSection9ofthisAgreementshallnotbeeffectiveuntilclosing,butshallbeeffectiveuponandafterclosing.SectionllParitwithPartiestoSubseuentSettlementAreements11.1ShouldFPLenterintoanegotiatedagreementsubsequenttothisAgreement(subsequentagreement)withanymunicipalityinFloridainsettlementofthesuitdescribedinSection8.1ofthisAgreementoreitheroftheNRCpro-'\ceedingsdescribedinSection9.2ofthisAgreement,FPL/shalltransmitanysuchsubsequentagreement.toOrlando.IftheconsiderationgrantedbyFPLinanysubsequentagreementforsettlementoftheproceedingslistedintheforegoingsentenceprovidesanysuchmunicipalitywithdifferent,orquantitativelygreater,benefitsthanthisAgreementprovidesOrlando,Orlandomay,bynoticegiventoFPLnotmorethan90daysafterthedateonwhichFPLhastransmittedsuchsubsequentagreementtoOrlando,requestthatFPLamendthisAgreementtoincorporatethetermsofsuchsubsequentagreementrequestedbyOrlando;inwhichevent,FPLshallsoamendthisAgreement,providedthatFPLmayrequirethatsuchamendmentincorporateanytermsofsuchsubsequentagreementdesiredbyFPL.
Section9-ReleaseandWithdrawal ofClaims9.1OrlandoagreestoexecutetheRelease,appendedtothisAgreement asAttachment A,anddeliverittoFPLatthetimeofclosing.9.2Uponclosing(a)Orlandoshalltakesuchstepsasarenecessary towithdrawitsintervention intheNRCantitrust licensing proceeding styledFloridaPowerLightCompany(St.LuciePlant,UnitNo.2)DocketNo.50-389A;(b)Orlandoshallwithdrawitsrequest,submitted inresponsetoaJuly27,1978,OrderoftheNRCinamatterstyledFloridaPoweraLightCompany(St.LuciePlant,UnitNos.1and2)DocketNos.50-335A,50-389A;FloridaPoweraLiqhtCompany(TurkeyPointPlant,UnitNos.3and4)Docket.Nos.50-250A,50-251A,thattheNRCconduct,aproceeding withrespecttoFPLunderSection105aoftheAtomicEnergyAct,andifanysuchproceeding iscommenced, Orlandoshallnotparticipate therein.9.3Orlandoshallnotbringsuitorotherwise assertagainstFPL,FPL'spast,presentandfutureparents,subsidi-aries,affiliates, orsuccessors, ortheofficers, directors, employees,
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.  
: partners, oragentsofFPL'ndsuch'arents, i  
-13subsidiaries, affiliates, orsuccessors, ortheheirsandlegalrepresentatives ofsuchofficers, directors, employees, partnersoragents,inanycourt,administrative forum,proceeding orhearingoftheUnitedStatesoranystate,anyclaim,contention, ordefenseunderorgroundeduponthosestatutesrecitedintheReleaseappendedasAttachment AtothisAgreement, baseduponanyactionorinactionbyFPLorbyreasonofanycause,matterorthingwhatsoever, fromthebeginning oftheworldtothedate'fthisAgreement.
9.4Negotiation, execution, oracceptance ofthisAgreement isnotanadmission of,nordoesitcreateapresumption of,anyviolation ofanylawonthepartofeitherParty.Section10-Closin10.1Thereshallbeaclosingatthetimedesignated inaccordance withSection3ofthisAgreement, attheGeneralOfficesofFPL,9250N.FlaglerStreet,Miami,Florida.Atthetimeofclosing,FPLshallmakethepaymenttoOrlandoasprovidedinSection8ofthisAgreement.
OrlandoshalldelivertoFPLanexecutedRelease(Attachment A)asprovidedinSection9.1ofthisAgreement.
FPL'sobligations underSections4,5,6,7,8andllandOrlando' Il',IL=
covenants underSection9ofthisAgreement shallnotbeeffective untilclosing,butshallbeeffective uponandafterclosing.SectionllParitwithPartiestoSubseuentSettlement Areements11.1ShouldFPLenterintoanegotiated agreement subsequent tothisAgreement (subsequent agreement) withanymunicipality inFloridainsettlement ofthesuitdescribed inSection8.1ofthisAgreement oreitheroftheNRCpro-'\ceedingsdescribed inSection9.2ofthisAgreement, FPL/shalltransmitanysuchsubsequent agreement.
toOrlando.Iftheconsideration grantedbyFPLinanysubsequent agreement forsettlement oftheproceedings listedintheforegoing sentenceprovidesanysuchmunicipality withdifferent, orquantitatively greater,benefitsthanthisAgreement providesOrlando,Orlandomay,bynoticegiventoFPLnotmorethan90daysafterthedateonwhichFPLhastransmitted suchsubsequent agreement toOrlando,requestthatFPLamendthisAgreement toincorporate thetermsofsuchsubsequent agreement requested byOrlando;inwhichevent,FPLshallsoamendthisAgreement, providedthatFPLmayrequirethatsuchamendment incorporate anytermsofsuchsubsequent agreement desiredbyFPL.
Xndetermining whetheraprovision inasubsequent Agreement grantinganownership interestinSt.LucieUnitNo.2providesadifferent, orquantitatively greaterbenefitthanisprovidedbythegrantingofownership interestinSt.LucieUnitNo.2inthisAgreement, thefollowing principle willapply:lfsuchsubsequent Agreement providesanysuchmunicipality withashareofSt.'ucieUnitNo.2(exclusive ofanyownership sharegrantedinconjunction witha"sellback" arrangement similartothatdescribed inSection6ofthisAgreement) whichconstitutes apercentage ofsuchmunicipality's 1977peakelectricloadwhichisgreaterthantheparticipation shareprovidedinSection3.1ofthisAgreement expressed asapercentage ofOrlando'1977peakelectricload,Orlandomayrequest.theopportunity forownership, ofaninterestin'St.LucieUnitNo.2equaltothehigherpercentage appliedtoOrlando's 1977peakload.Forpurposesofthisdetermination, anyentity'sshareinSt.LucieUnitNo.2shallbeexpressed inkilowatts byapplyingitsownership percentage inSt.LucieUnitNo.2to802megawatts.
Asettlement agreement madeinconsideration ofaparticular municipality's agreeingnottobecomeapartytotheproceedings described aboveshallbetreatedasanagreement insettlement ofsuchproceedings.  


-16ThisprovisionandanyprovisionoftheparticipationagreementbetweenFPLandOrlandoforSt.LucieUnitNo.2whichpermitsOrlandotoobtainparitywiththetermsofaparticipationagreementexecutedbetweenFPLandathirdpartyareintendedtooperateindependently,andeachshallremaininfullforceandeffect.Suchprovisionoftheparticipationagrebmentshallnot.beconstruedtoaffecttheoperationofthisprovision,andthisprovisionshall~'rnotbeconstruedtoaffecttheoperationofsuchprovisionoftheparticipationagreement.Section12-Remedies12.1ThePartiesagreethatspecificperformance,andnot,rescissionandrestitutionordamages,shallbethesoleremedyforanybreachofthisAgreementbyeitherParty',whetherthatbreachispartialortotal,exceptinsofarasthisAgreementexplicitlysetsforthotherremedies.Section13-GeneralProvisions13.1Ifanypart,termorprovisionofthisAgreementoroftheReleaseappendedasAttachmentAisheldtobeillegalorinconflictwithanyofthelawsoftheStateofFloridaoroftheUnitedStatesinanygivencircumstanceunderanyset.offacts(a)the'validityoftheremainingportionsorprovisionsastothosecircumstancesorsetof
-16Thisprovision andanyprovision oftheparticipation agreement betweenFPLandOrlandoforSt.LucieUnitNo.2whichpermitsOrlandotoobtainparitywiththetermsofaparticipation agreement executedbetweenFPLandathirdpartyareintendedtooperateindependently, andeachshallremaininfullforceandeffect.Suchprovision oftheparticipation agrebment shallnot.beconstrued toaffecttheoperation ofthisprovision, andthisprovision shall~'rnotbeconstrued toaffecttheoperation ofsuchprovision oftheparticipation agreement.
Section12-Remedies12.1ThePartiesagreethatspecificperformance, andnot,rescission andrestitution ordamages,shallbethesoleremedyforanybreachofthisAgreement byeitherParty',whetherthatbreachispartialortotal,exceptinsofarasthisAgreement explicitly setsforthotherremedies.
Section13-GeneralProvisions 13.1Ifanypart,termorprovision ofthisAgreement oroftheReleaseappendedasAttachment AisheldtobeillegalorinconflictwithanyofthelawsoftheStateofFloridaoroftheUnitedStatesinanygivencircumstance underanyset.offacts(a)the'validity oftheremaining portionsorprovisions astothosecircumstances orsetof


-17factsshallnotbeaffected,(b)thevalidityoftheentireAgreementorReleaseastoanyothercircumstancesorsetoffactsshallnotbeaffectedand(c)therightsandobligationsofthePartiesshallbeconstruedandenforcedastothesecircumstancesorsetoffactsasiftheAgreementorReleasedidnotcontaintheparticularpart,term,orprovisionheldtobeinvalidasappliedtothesecircumstancesorsetoffacts.13.2ThePartiesshallcooperatetoexpedite'ndresolveanymattersbeforeanystateorfederalregulatoryforumwhichmaybenecessarytoimplementanyprovisionofthisAgreement,eachpartytobearitsownrespectivelegalexpensesandcostsincurredinsuchmatters.13.3ThisAgreementshallbegovernedbythelawsoftheStateofFlorida,orbyUnitedStatesfederallaw,asapplicable.13.4NeitherthisAgreementnoranypartthereofshallbeassignedbyeitherPartywithoutpriorwrittenconsentoftheotherParty.13.5WaiverofanyprovisionorprovisionsofthisAgreementbyaPartyorthePartiesshallnotaffecttheremainingprovisionsoftheAgreement.13.6AllnoticestobegivenunderthisAgreementshallbeinwritingandshallbe'deemedtobegivenwhenmailed.  
-17factsshallnotbeaffected, (b)thevalidityoftheentireAgreement orReleaseastoanyothercircumstances orsetoffactsshallnotbeaffectedand(c)therightsandobligations ofthePartiesshallbeconstrued andenforcedastothesecircumstances orsetoffactsasiftheAgreement orReleasedidnotcontaintheparticular part,term,orprovision heldtobeinvalidasappliedtothesecircumstances orsetoffacts.13.2ThePartiesshallcooperate toexpedite'nd resolveanymattersbeforeanystateorfederalregulatory forumwhichmaybenecessary toimplement anyprovision ofthisAgreement, eachpartytobearitsownrespective legalexpensesandcostsincurredinsuchmatters.13.3ThisAgreement shallbegovernedbythelawsoftheStateofFlorida,orbyUnitedStatesfederallaw,asapplicable.
13.4NeitherthisAgreement noranypartthereofshallbeassignedbyeitherPartywithoutpriorwrittenconsentoftheotherParty.13.5Waiverofanyprovision orprovisions ofthisAgreement byaPartyorthePartiesshallnotaffecttheremaining provisions oftheAgreement.
13.6AllnoticestobegivenunderthisAgreement shallbeinwritingandshallbe'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  
A-18NoticestobegiventoFPLshallbedirectedtoFPL'sCoordinator ofInter-utility Affairs,9250W.FlaglerStreet,Miami,Florida33101.NoticestobegiventoOrlandoshallbedirectedtoHarryC.Luff,Jr.,Assistant GeneralManager,OrlandoUtilities Commission, 500S.OrangeAvenue,Orlando,Florida32801.Thedesignation ofapersontobenotified, ortoreceivecopiesofnotices,ortheaddressofanysuchperson,maybechangedatanytimebynotice.13s7ThisAgreement shallbeeffective onthedateexecutedbythePartiesandshallcontinueineffectuntilallobligations providedhereunder aredischarged.
INWITNESSWHEREOF,thePartieshaveexecutedthisAgreement onthedatesetoutinSectionl.ORLANDOILITISCOMMSSIONAttest:N-C.,+By,'/AssistaIIt Secretary' legalityApprovedastoform6/480PPgeresIeTIfAPPROVEOAETOFORMCITYOFORLANDO,FLORIDAASSISTANT CITYATTORilEY ORLANDO,FLORIDAt~rneyforOrlandotali'C.iissionAttest;,ff/VByG.MichaelMillerDeputyCityClerkhl.ShhtonAdams,IlayorProternFLORIDAPOWERErTCOMPANYAttest:~@~ByassiT~SpCppTBRZl gc@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  
ATTACHMENT ARELEASEKNOWALLHENBYTHESEPRESENTSTHATCityofOrlando,Florida,amunicipal corporation, andtheOrlandoUtilities Commission, astatutory commission under.thelawsoftheStateofFlorida(collectively "Orlando"
),onbehalfofthemselves andallpersonsclaimingunderthemandtheirpredecessors, successors, andassigns;andalloftheirpast,present,andfutureofficers, agentsandemployees, andtheirrespective heirsandlegalrepresentatives, forgoodandvaluableconsideration fromFloridaPower6LightCompany(FPL),acorporation incorporated underthelawsoftheStateofFlorida,thereceiptofwhichisherebyacknowledged, doherebyrelease,remise,andforeverdischarge FPL,FPL'spast,presentandfutureparents,subsidiaries, affiliates, andsuccessors, andtheofficers, directors,
: partners, agents,andemployees ofFPLandsuchparents,subsidiaries, affiliates, andsuccessors, andtheheirsandlegalrepresentatives ofsuchofficers, directors, employees,
: partners, andagents,ofandfromall,andallmannerof,actionsandcausesofactions,suits,cia'ims,contentions, judgments ordefensesunderorbasedorgroundedupon(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
TradeCommission Act,15U.S.C.545,asamended,(b)theantitrust lawsoftheStateofFlorida,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, judgments anddefenseswhichcouldbeassertedinanycourtoradministrative forum,proceeding, orhearingoftheUnitedStatesoranystate,andalsotoinclude,withoutlimitation, thosearisingoutofthemattersallegedinCivilActionNo.79-5101-Civ-JLK intheUnitedStatesDistrictCourt.fortheSouthernDistrictofFlorida,whethertheybepresently knownorunknownorsuspected orunsuspected, andwhethertheyberelatedorunrelated tothelitiga-tionreferredtoaboveastolaworfactsorboth,whichagainstthesaidreleasees thesaidreleasors oranyof,themeverhad,nowhave,orwhichtheirheirs,executors, administrators, successors, orassigns,oranyofthem,hereafter can,shallormayhave,for,orbyreasonofanycause,matterorthingwhatsoever, fromthebeginning of


theworldtothedateofthisRelease.INWITNESSWHEREOF,Ihavehereuntosetmyhandandsealthis~Z~dayofSIGNEDANDSEALEDinthepresenceof(Seal)1980.APPROVEDASTOMANDLEGALITYJ4.1980torneyforOrlandoUtilitiesmmissionORLANDOUTIL-XBCOMMSSION(Seal)By.PresidehAttest:/ByeSh'amAttest:G.MichaelMillerDeputyCityClerkAssistantSecretrv'4APPROqEOAsTOfORMP'.I/~PiCITYOFORLANDO~FLORIDAN~LEGALITY8CihlxiFASSISTARTCITYATTPIInO'gUIgppfI.DRIDAorProtern  
theworldtothedateofthisRelease.INWITNESSWHEREOF,Ihavehereuntosetmyhandandsealthis~Z~dayofSIGNEDANDSEALEDinthepresenceof(Seal)1980.APPROVEDASTOMANDLEGALITYJ4.1980torneyforOrlandoUtilities mmissionORLANDOUTIL-XBCOMMSSION(Seal)By.PresidehAttest:/ByeSh'amAttest:G.MichaelMillerDeputyCityClerkAssistant Secretrv'4APPROqEOAsTOfORMP'.I/~PiCITYOFORLANDO~FLORIDAN~LEGALITY8CihlxiFASSISTART CITYATTPIInO'gUIgpp fI.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  
UNITEDSTATESOFAMERICANUCLEARREGULATORY COMMISSION BEFORETHEATOMICSAFETYANDLICENSING BOARDIntheMatterofFLORIDAPOWER6LIGHTCOMPANY(St.LuciePlant,UnitNo.2)NRCDocketNo.50-389ACERTIFICATE OFSERVICEIherebycertifythatcopiesoftheletterdatedJune121980,fromJ.A.Boukniqht, Jr.,tothemembersoftheAtomicSafetyandLicensing Boardwereservedonthefollowing bydepositintheUnitedStatesmail,firstclassandpostageprepaid,this12thdayofJune,1980:IvanW.Smith,Esq.,ChairmanAtomicSafetyandLicensing BoardU.S.NuclearRegulatory Commission Washington, D.C.20555Valentine B.Deale,Esq.,MemberAtomicSafetyandLicensing Board1001Connecticut Avenue,N.W.Washington, D.C.20036RobertM.Lazo,Esq.,MemberAtomicSafetyandLicensing BoardU.S.NuclearRegulatory Commission Washington, D.C.20555Docketing andServiceSectionOfficeoftheSecretary U.S.NuclearRegulatory Commission Washington, D.C.20555JeromeSaltzman, ChiefAntitrust
&Indemnity GroupU.S.NuclearRegulatory Commission "Washington, D.C.20555ThomasGurney,Sr.,Esq.203NorthMagnoliaAvenueOrlando,Florida32802AtomicSafetyandLicensing BoardU.S.NuclearRegulatory Commission Washington, D.C.20555TracyDanese,Esq.VicePresident forPublicAffairsFloridaPower6LightCompanyP.O.Box013100Miami,Florida33101JackW.Shaw,Jr.,Esq.JohnE.Mathews,Jr.,Esq.Mathews,Osborne,Ehrlich,McNatt,GobelmanaCobb1500.AmericanHeritageLifeBldg.11EastForsythStreetJacksonville, Florida32202RobertE.BathenFredSafferR.W.Beck6Associates P.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}}
DonaldA.Kaplan,Esq.,JanetR.Urban,Esq.,JohnS.Caragozian, Esq.,RobertFabrikant, Esq.,GeorgeM.Pond,Esq.,Antitrust
: Division, Dept.ofJusticeP.O.Box14141Washington, D.C.20044WilliamH.Chandler, Esq.Chandler, O'Neal,Avera,Gray,Land6Stripling PostOfficeDrawer0Gainesville, Florida32602DanielM.Gribbon,Esq.HerbertDym,Esq.JoanneB.Grossman, Esq.Covington 6Burling888Sixteenth Street,N.W.Washington, D.C.20006JosephRutberg,Esq.LeeScottDewey,Esq.FredericD.Chanania, Esq.CounselforNRCStaffU.S.NuclearRegulatory Commission Washington, D.C.20555CharlesR.P.Brown,Esq.Brown,PaxtonandWilliams301South6thStreetP.O.Box1418FortPierce,Florida33450JABouknight JrLowenstein, Newman,Reis,Axelrad6Toll1025Connecticut Avenue,NWWashington, DC20036(202)862-8400Dated:June12,1980}}

Revision as of 18:12, 29 June 2018

Settlement Agreement Between City of Orlando,Fl,Orlando Utils Commission & Util Providing for Transfer of 6.08951% Ownership Share to Utils Commission.Release & Certificate of Svc Encl
ML17208A703
Person / Time
Site: Saint Lucie NextEra Energy icon.png
Issue date: 06/05/1980
From: ADAMS M S
FLORIDA POWER & LIGHT CO., ORLANDO UTILITIES COMMISSION, ORLANDO, FL
To:
Shared Package
ML17208A702 List:
References
NUDOCS 8006170499
Download: ML17208A703 (46)


Text

,~~,~~'~~ISETTLEMENT AGREEl1ENT Section1-Parties1.1ThisSettlement Agreement (Agreement),

made1980,isbetweentheCityofOrlando,Florida,amunicipal corporation, andOrlandoUtilities Commission, astatutory commission underthelawsoftheStateofFlorida(collectively "Orlando"

),andFloridaPowerLightCompany(FPL),acorporation dulyorganized, created,andexistingunderandbyvirtueofthelawsoftheStateofFlorida,whoarethe"Parties."

Section2-Premises2.1Orlandohasintervened inanantitrust proceeding nowpendingbeforetheU.S.NuclearRegulatory Commission (NRC)involving theconstruction permitforSt.LuciePlant,Unit.No.2(St.LucieUnitNo.2),anucleargenerating unitownedbyFPLandcurrently underconstruction.

Orlandahasalsosuggested totheNRCthatitshouldinitiatepro-ceedingsunderSection105aoftheAtomicEnergyActtodetermine whetherthelicensesofFPL'sthreeoperating nuclearplantsshouldberevokedormodified.

Finally,Orlandohasconsidered enteringapendingcivilantitrust actionintheUnitedStatesDistrictCourtfortheSouthern80061VOVJq'OUNC11-'ATE Mtt~Pt',ltltl~~DOCUMENTARY P

~~DistrictofFloridafiledagainstFPLbycertainFloridamunicipalities.

2.2ThePartiesagreetoresolvetheseandallsuchclaimsthatOrlandohasassertedormightassertasofthedateofthisAgreement onthebasisofthecovenants contained herein,whichincludeprovisions forFPLtoofferOrlandoanownership interestinSt.LucieUnitNo.2alongwithcertainotherrelatedservicesandarrangements, FPLtodefraycertainexpensesincurredbyOrlandoinpreparation forlitigation, andforOrlandotowithdrawfrom'participation incertainregulatory proceedings andtoreleaseFPLfromallclaims,contentions ordefensesgroundedupontheantitrust lawsandcertainotherregu-latorystatutes, whichOrlandocouldassertagainstFPLasofthedateofthisAgreement, allsuchcovenants tobecomeeffectiveandsuchpaymenttobemadeuponclosingasprovidedherein.Section3-Participation inSt.LucieUnitNo.23.1FPLshallaffordOrlandotheoppoitunity topurchasea6.08951%ownership shareofSt.LucieUnitNo.2.Thepartiesshallnegotiate aparticipation agreement forthepurchaseofsuchownership shareandparticipation byOrlandoinSt.LucieUnitNo.2.TheclosingprovidedinSection10ofthisAgreement e

shalltakeplaceatthetimeofexecution ofsuchparticipa-tionagreement, oratamutuallyagreedtimewithin5businessdaysthereafter.

3.2Ifnoparticipation agreement, asdescribed inSection3.1ofthisAgreement, isexecutedbyJune6,1980,thentheprovisions ofthisAgreement maybeterminated attheoptionofeitherpartybynoticegiveninwritingtotheotherparty.Section4-DeliverService4.1FromthedateFPLdeclaresSt.LucieUnitNo.2tobeincommercial operation, untiltheretirement ofSt.LucieUnitNo.2,FPLshalldelivertoOrlando,atoneormorepointswheretheelectricsystemsofthePartiesareinterconnected, anycapacityorenergytowhichOrlandoisentitledbyvirtueofthisAgreement.

4.2ThePartiesshallnegotiate acontractforthedeliveryserviceprovidedinSection4.1ofthisAgreement, whichcontractshallprovidetherateandtermsandconditions forsuchdeliveryservice.XfthePartiesareunabletoagreeontherate,termsorconditions ofsuchacontract, FPLshallfileunilaterally itsproposedcontractwiththeFederalEnergyRegulatory Commission (FERC)atleast60daysbefore lI FPLdeclaresSt.LucieUnitNo.2tobeincommercial operation.

Subjecttotheobligations undertaken pursuanttoSection9ofthisAgreement, nothinginthiscovenantshallpreventOrlandofromobjecting toanysuchrates,'termsorconditions beforetheFERC.ShouldtheFERCdetermine, inaf'naldecisionnolongersubjecttojudicialreview,thatthechargeprovidedinsuchcontractfiledunilaterally byFPLisnotjustandreasonable, FPLshallrefundanypaymentmadebyOrlandoinexcessofthechargefoundjustandreasonable bytheFERC,withinterestpaidinaccordance'ith applicable FERCregulations.

Thecon-tractshallprovidethatFPL,atanytimeduringitsterm,mayunilaterally fileforachangeinratesortermsandconditions underSection.205oftheFederalPowerActorsuccessor legislation, andthatOrlando,subjecttotheobligations undertaken pursuanttoSection9ofthisAgreement, shallhavetherighttoobjecttoanysuchratesortermsandconditions beforetheFERC.Section5-St.LucieUnit,No.2'Backstand Services5.1AtOrlando's soleoption,FPLshallselltoOrlandoreplacement powerandenergy("backstand"),

fromotherresources available toFPLattimesthatSt.LucieUnit.No.2iswhollyorpartially unavailable togenerateelectricity.

Orlandoshallbeentitledtosuchbackstand whenandtotheextentthattheseasonalnetcapability ofitspercentage entitlement totheoutputofSt.LucieUnitNo.2(asdeter-minedfromtimetotimebyFPLapplyingthestandards usedbyFPLtoestablish theseasonalnetcapability ofallofitsnucleargenerating facilities),

exceedsthenetpowerandenergyactuallyavailable toOrlandofromSt.LucieUnitNo.2.Ifsuchoptionisexercised, suchbackstand shallbeavailable toOrlandobeginning atthetimeFPLdeclaresSt.LucieUnitNo.2tobeincommercial operation untilSt.LucieUnitNo.2isretiredbyFPL;however,innocircumstances willFPLberequiredtoprovideOrlandoupwithtotalbackstand formorethan365consecutive days,foranysingleinstanceoroccurrence thatcausesthenetpowerandenergyavailable toOrlandofromSt.LucieUnitNo.2tobelessthantheseasonalnetcapability ofOrlando's ownership shareofsuchunit.OrlandomayexercisetheoptioninthiscovenantbynoticetoFPLgivenatanytimepriortothedateFPLdeclaresSt.LucieUnitNo.2tobeincommercial operation.

5.2UpontimelynoticeunderSection5.1ofthisAgreement thatOrlandodesiresbackstand service,thePartiesshallnegotiate acontractforthesaleofbackstand servicebyFPL

toOrlando,whichcontractshallprovidetherateandtermsandconditions forsuchbackstand service.IfthePartiesareunabletoagreeonthetermsofsuchacontract, FPLwillunilaterally fileitsproposedcontractwiththeFERCat,least60daysbeforethedateofcommercial operation ofSt.'ucieUnitNo.2;providedthatFPIwillinnoeventberequiredtomakeanyfilinguntilatleast90daysafterthereceiptofthenoticeofexerciseofOrlando's optionpursuanttoSection5.1ofthisAgreement.

Subjecttotheobligations undertaken pursuanttoSection9ofthisAgreement, nothinginthiscovenant, shallpreventOrlandofromobject-ingtoanysuchrates,termsorconditions beforetheFERC.ShouldtheFERCdetermine, inafinalordernolongersubjecttojudicialreview,thatthechargesprovidedinsuchcontractfiledunilaterally byFPLarenotjustandreasonable, FPLshallrefundanypaymentmadebyOrlandoinexcessofthechargefoundjustandreasonable bytheFERC,withinterestpaidinaccordance withapplicable FERCregulations.

ThecontractshallprovidethatFPL,atanytimeduringitsterm,mayunilaterally fileforachangeinratesortermsandconditions underSection205oftheFederalPowerActorsuccessor legislation, andthatsubjecttoSection9ofthisAgreement Orlandoshallhavetherighttoobjecttoanysuchrates,termsorconditions beforetheFERC.

Section6-Additional Participation andUnitPowerSellback6.1AtOrlando's soleoption,Orlandomaypurchaseanadditional 2.02781%ownership interestinSt.LucieUnitNo.2("Additional Share")overandabovethetotalownership interest.

inSt.LucieUnitNo.2providedin1Secti'on3.1ofthisAgreement.

OrlandomayexercisetheoptiontopurchasesuchAdditional SharebynoticegiventoFPLatanytimepriortoJanuary1,1'983.Ifsuchoptionistimelyexercised, theparticipation agreement shallbedrawnoramendedtoprovidefortransfertoOrlandoofatotalownership shareof8.11732%.

6.2IfOrlandoexercises theoptionset.forthinSection6.1ofthisAgreement, FPLshallrepurchase twenty-fivepercent(25%)ofthecapacityandassociated energyderivedfromOrlando's total8.11732%ownership shareofSt.LucieUnit.No.2,foratermequaltotheoperating lifeofSt.LucieUnitNo.2.6.3IfOrlandoexercises theoptionsetforthinSection6.1;thePartiesshallnegotiate acontractfortherepurchase ofOrlando's St.LucieUnitNo.2capacity("repurchase agreement").

Therepurchase agreement shallprovidethatFPLshallpayOrlando,fortherepurchase of

capacityandassociated energyprovidedinSection6.2ofthisAgreement, allofOrlando's costsassociated withthecapacitysubjecttosuchrepurchase.

Suchcostsaretoinclude,withoutlimitation, allcostsincurredbyOrlandoinconnection withoperation andmaintenance, fuel,andacapitalchargecalculated onthebasisofonehundredpercent(100%)debtfinancing, thepercentage costofsuchdebttobedetermined onthebasisoftheaveragecostofOrlando's debtcapitalappliedtoOrlando's acquisition ofitsownership shareinSt.LucieUnitNo.2,towhichonepercent(1%)shallbeadded.6.4TheoptionandFPL'sagreement torepurchase capacityandenergyprovidedinthisSection6havebeenagreeduponbythePartiesbasedontheirmutualunderstand-ingthatinterestontheinstruments ofdebtissuedbyOrlandotofinanceacquisition ofitsshareofSt.LucieUnitNo.2willbeexcludedfromthegrossincomeofthelenderforFederalIncomeTaxpurposes("taxexemptfinancing").

OrlandoshallnotexercisetheoptionprovidedinthisSection6unlessit,believesingoodfaithatthetimeofitsexerciseoftheoptionthattherepurchase pricepaidbyFPLpursuanttoSection6.3willreflectacapitalchargebasedupontaxexemptfinancing byOrlando.Inanyevent,

FPLshallnot.berequiredtoenterintotherepurchase agreement providedinthisSection6unlessithasreasonable assurance thatthecapitalchargeprovidedthereinshallbebasedupontaxexemptfinancing.

Section7-NuclearReliabilit ExchaneI7.1AtOrlando's soleoption,saidoptiontobeexercised bynoticetoFPLgivennotlaterthanJanuary1,1983,'hePartiesshallnegotiate anuclearreliability exchangeagreement underwhichOrlandowillexchangethree-quartersofthecapacityandassociated energyfromitsownership shareofSt.'ucieUnitNo.2foranequalamountofcapacityandassociated energyfromTurkeyPointUnitNos.3and4andSt.LucieUnitNo.1("exchangeunits").Thecapacitysoexchanged willbedividedequallyamongtheexchangeunits.Forpurposesofthenuclearreliability exchangeagreement, "capacity" shallbeexpressed inkilowatts.

Orlando's rightsat,anygiventimetothecapacityandassociated energyofanysuchexchangeunitshallbe.aper-centageofsuchunit'snetcapability atsuchtime,calculated asfollows:(i)Orlando's kilowattentitlement tothecapacityandenergyofSt.LucieUnitNo.2shallbedetermined byapplyingitspercentage ownership'hare ofSt.LucieUnitNo.2(priortotheexchange) totheanticipated maturesummer

I~~~I~l10seasonalnetcapability ofSt.LucieUnitNo.2asdetermined byFPLasofthedateFPLdeclaresSt.LucieUnitNo.2incommercial operation, applyingthestandards usedbyFPLtoestablish theseasonalnetgenerating capability ofallofitsnucleargenerating facilities; (ii)Todetermine Orlando's percentage entitlement tothenetcapacityandenergyofsuchexchangeunit,one-fourth ofthekilowattentitlement determined under(i)shallbedividedbythenormalsummer.seasonalnetcapability inkilowatts foreachsuchunit(with"normalsummerseasonalnetcapability" determined, ineachinstance, byFPLasofthedatethatFPLdeclaresSt.LucieUnitNo.2incommercial operation, applyingthestandards'used byFPLtoestablish theseasonalnetgenerating capability ofallofitsnucleargenerating facilities).

Thenuclearreliability exchangeagreement shallprovidethat:(a)nochangeinownership ofanygenerating facilityshallbeinvolved, (b)eachPartyshallcontinuetobearallinvestment andotherfixedcostsassociated withthegenerating facilities ownedbyit,(c)eachPartyshallberesponsible forthefuelandothervariablecostsassociated withthecapacityandenergyavailable toit,and(d)thenuclearreliability exchangeshallcommenceifandwhenFPLdeclaresSt.LucieUnitNo.2incommercial operation andshall

terminate whenFPLretiresSt.LucieUnitNo.2.TheoptionprovidedinthisSectionmaybeexercised onlyifOrlando,atorpriortothetimeoftheexerciseofthisoption,exercises theoptionprovidedinSection6ofthisAgreement.

Section8-Reimbursement ofLitiationExenses8.1Uponclosing,FPLshallreimburse Orlandoforcertainlitigation expenseswhichithasincurredthroughparticipation intheproceedings beforetheNRCnamedinSection9.2ofthisAgreement, aswellassuchexpensesincurredinpreparing fororexploring the.possibility ofjoininginthesuitpendingintheUnitedStatesDistrictCourtfortheSouthernDistrictofFlorida,CivilActionNo.79-5101-Civ-JLK.

FPLshallreimburse Orlandoforall1suchexpensesuptoamaximumlimitof$100,000.8.2Atleast10businessdayspriortotheclosingprovidedinSection10ofthisAgreement, OrlandoshallpresenttoFPLabillingfortheexpensesprovidedinSection8.1.Suchbillshallincludejustification fortheamountclaimedtotheextentthesameisevidenced bytheinvoicesandpaymentthereof.FPLshallmakethepaymentprovidedinSection8.1attheclosing.

Section9-ReleaseandWithdrawal ofClaims9.1OrlandoagreestoexecutetheRelease,appendedtothisAgreement asAttachment A,anddeliverittoFPLatthetimeofclosing.9.2Uponclosing(a)Orlandoshalltakesuchstepsasarenecessary towithdrawitsintervention intheNRCantitrust licensing proceeding styledFloridaPowerLightCompany(St.LuciePlant,UnitNo.2)DocketNo.50-389A;(b)Orlandoshallwithdrawitsrequest,submitted inresponsetoaJuly27,1978,OrderoftheNRCinamatterstyledFloridaPoweraLightCompany(St.LuciePlant,UnitNos.1and2)DocketNos.50-335A,50-389A;FloridaPoweraLiqhtCompany(TurkeyPointPlant,UnitNos.3and4)Docket.Nos.50-250A,50-251A,thattheNRCconduct,aproceeding withrespecttoFPLunderSection105aoftheAtomicEnergyAct,andifanysuchproceeding iscommenced, Orlandoshallnotparticipate therein.9.3Orlandoshallnotbringsuitorotherwise assertagainstFPL,FPL'spast,presentandfutureparents,subsidi-aries,affiliates, orsuccessors, ortheofficers, directors, employees,

partners, oragentsofFPL'ndsuch'arents, i

-13subsidiaries, affiliates, orsuccessors, ortheheirsandlegalrepresentatives ofsuchofficers, directors, employees, partnersoragents,inanycourt,administrative forum,proceeding orhearingoftheUnitedStatesoranystate,anyclaim,contention, ordefenseunderorgroundeduponthosestatutesrecitedintheReleaseappendedasAttachment AtothisAgreement, baseduponanyactionorinactionbyFPLorbyreasonofanycause,matterorthingwhatsoever, fromthebeginning oftheworldtothedate'fthisAgreement.

9.4Negotiation, execution, oracceptance ofthisAgreement isnotanadmission of,nordoesitcreateapresumption of,anyviolation ofanylawonthepartofeitherParty.Section10-Closin10.1Thereshallbeaclosingatthetimedesignated inaccordance withSection3ofthisAgreement, attheGeneralOfficesofFPL,9250N.FlaglerStreet,Miami,Florida.Atthetimeofclosing,FPLshallmakethepaymenttoOrlandoasprovidedinSection8ofthisAgreement.

OrlandoshalldelivertoFPLanexecutedRelease(Attachment A)asprovidedinSection9.1ofthisAgreement.

FPL'sobligations underSections4,5,6,7,8andllandOrlando' Il',IL=

covenants underSection9ofthisAgreement shallnotbeeffective untilclosing,butshallbeeffective uponandafterclosing.SectionllParitwithPartiestoSubseuentSettlement Areements11.1ShouldFPLenterintoanegotiated agreement subsequent tothisAgreement (subsequent agreement) withanymunicipality inFloridainsettlement ofthesuitdescribed inSection8.1ofthisAgreement oreitheroftheNRCpro-'\ceedingsdescribed inSection9.2ofthisAgreement, FPL/shalltransmitanysuchsubsequent agreement.

toOrlando.Iftheconsideration grantedbyFPLinanysubsequent agreement forsettlement oftheproceedings listedintheforegoing sentenceprovidesanysuchmunicipality withdifferent, orquantitatively greater,benefitsthanthisAgreement providesOrlando,Orlandomay,bynoticegiventoFPLnotmorethan90daysafterthedateonwhichFPLhastransmitted suchsubsequent agreement toOrlando,requestthatFPLamendthisAgreement toincorporate thetermsofsuchsubsequent agreement requested byOrlando;inwhichevent,FPLshallsoamendthisAgreement, providedthatFPLmayrequirethatsuchamendment incorporate anytermsofsuchsubsequent agreement desiredbyFPL.

Xndetermining whetheraprovision inasubsequent Agreement grantinganownership interestinSt.LucieUnitNo.2providesadifferent, orquantitatively greaterbenefitthanisprovidedbythegrantingofownership interestinSt.LucieUnitNo.2inthisAgreement, thefollowing principle willapply:lfsuchsubsequent Agreement providesanysuchmunicipality withashareofSt.'ucieUnitNo.2(exclusive ofanyownership sharegrantedinconjunction witha"sellback" arrangement similartothatdescribed inSection6ofthisAgreement) whichconstitutes apercentage ofsuchmunicipality's 1977peakelectricloadwhichisgreaterthantheparticipation shareprovidedinSection3.1ofthisAgreement expressed asapercentage ofOrlando'1977peakelectricload,Orlandomayrequest.theopportunity forownership, ofaninterestin'St.LucieUnitNo.2equaltothehigherpercentage appliedtoOrlando's 1977peakload.Forpurposesofthisdetermination, anyentity'sshareinSt.LucieUnitNo.2shallbeexpressed inkilowatts byapplyingitsownership percentage inSt.LucieUnitNo.2to802megawatts.

Asettlement agreement madeinconsideration ofaparticular municipality's agreeingnottobecomeapartytotheproceedings described aboveshallbetreatedasanagreement insettlement ofsuchproceedings.

-16Thisprovision andanyprovision oftheparticipation agreement betweenFPLandOrlandoforSt.LucieUnitNo.2whichpermitsOrlandotoobtainparitywiththetermsofaparticipation agreement executedbetweenFPLandathirdpartyareintendedtooperateindependently, andeachshallremaininfullforceandeffect.Suchprovision oftheparticipation agrebment shallnot.beconstrued toaffecttheoperation ofthisprovision, andthisprovision shall~'rnotbeconstrued toaffecttheoperation ofsuchprovision oftheparticipation agreement.

Section12-Remedies12.1ThePartiesagreethatspecificperformance, andnot,rescission andrestitution ordamages,shallbethesoleremedyforanybreachofthisAgreement byeitherParty',whetherthatbreachispartialortotal,exceptinsofarasthisAgreement explicitly setsforthotherremedies.

Section13-GeneralProvisions 13.1Ifanypart,termorprovision ofthisAgreement oroftheReleaseappendedasAttachment AisheldtobeillegalorinconflictwithanyofthelawsoftheStateofFloridaoroftheUnitedStatesinanygivencircumstance underanyset.offacts(a)the'validity oftheremaining portionsorprovisions astothosecircumstances orsetof

-17factsshallnotbeaffected, (b)thevalidityoftheentireAgreement orReleaseastoanyothercircumstances orsetoffactsshallnotbeaffectedand(c)therightsandobligations ofthePartiesshallbeconstrued andenforcedastothesecircumstances orsetoffactsasiftheAgreement orReleasedidnotcontaintheparticular part,term,orprovision heldtobeinvalidasappliedtothesecircumstances orsetoffacts.13.2ThePartiesshallcooperate toexpedite'nd resolveanymattersbeforeanystateorfederalregulatory forumwhichmaybenecessary toimplement anyprovision ofthisAgreement, eachpartytobearitsownrespective legalexpensesandcostsincurredinsuchmatters.13.3ThisAgreement shallbegovernedbythelawsoftheStateofFlorida,orbyUnitedStatesfederallaw,asapplicable.

13.4NeitherthisAgreement noranypartthereofshallbeassignedbyeitherPartywithoutpriorwrittenconsentoftheotherParty.13.5Waiverofanyprovision orprovisions ofthisAgreement byaPartyorthePartiesshallnotaffecttheremaining provisions oftheAgreement.

13.6AllnoticestobegivenunderthisAgreement shallbeinwritingandshallbe'deemedtobegivenwhenmailed.

A-18NoticestobegiventoFPLshallbedirectedtoFPL'sCoordinator ofInter-utility Affairs,9250W.FlaglerStreet,Miami,Florida33101.NoticestobegiventoOrlandoshallbedirectedtoHarryC.Luff,Jr.,Assistant GeneralManager,OrlandoUtilities Commission, 500S.OrangeAvenue,Orlando,Florida32801.Thedesignation ofapersontobenotified, ortoreceivecopiesofnotices,ortheaddressofanysuchperson,maybechangedatanytimebynotice.13s7ThisAgreement shallbeeffective onthedateexecutedbythePartiesandshallcontinueineffectuntilallobligations providedhereunder aredischarged.

INWITNESSWHEREOF,thePartieshaveexecutedthisAgreement onthedatesetoutinSectionl.ORLANDOILITISCOMMSSIONAttest:N-C.,+By,'/AssistaIIt Secretary' legalityApprovedastoform6/480PPgeresIeTIfAPPROVEOAETOFORMCITYOFORLANDO,FLORIDAASSISTANT CITYATTORilEY ORLANDO,FLORIDAt~rneyforOrlandotali'C.iissionAttest;,ff/VByG.MichaelMillerDeputyCityClerkhl.ShhtonAdams,IlayorProternFLORIDAPOWERErTCOMPANYAttest:~@~ByassiT~SpCppTBRZl gc@Presrdent

ATTACHMENT ARELEASEKNOWALLHENBYTHESEPRESENTSTHATCityofOrlando,Florida,amunicipal corporation, andtheOrlandoUtilities Commission, astatutory commission under.thelawsoftheStateofFlorida(collectively "Orlando"

),onbehalfofthemselves andallpersonsclaimingunderthemandtheirpredecessors, successors, andassigns;andalloftheirpast,present,andfutureofficers, agentsandemployees, andtheirrespective heirsandlegalrepresentatives, forgoodandvaluableconsideration fromFloridaPower6LightCompany(FPL),acorporation incorporated underthelawsoftheStateofFlorida,thereceiptofwhichisherebyacknowledged, doherebyrelease,remise,andforeverdischarge FPL,FPL'spast,presentandfutureparents,subsidiaries, affiliates, andsuccessors, andtheofficers, directors,

partners, agents,andemployees ofFPLandsuchparents,subsidiaries, affiliates, andsuccessors, andtheheirsandlegalrepresentatives ofsuchofficers, directors, employees,
partners, andagents,ofandfromall,andallmannerof,actionsandcausesofactions,suits,cia'ims,contentions, judgments ordefensesunderorbasedorgroundedupon(a)theantitrust.

lawsoftheUnitedStates,asdefinedin15U.S.C.gl2(a)asamended,togetherwiththeFederal

TradeCommission Act,15U.S.C.545,asamended,(b)theantitrust lawsoftheStateofFlorida,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, judgments anddefenseswhichcouldbeassertedinanycourtoradministrative forum,proceeding, orhearingoftheUnitedStatesoranystate,andalsotoinclude,withoutlimitation, thosearisingoutofthemattersallegedinCivilActionNo.79-5101-Civ-JLK intheUnitedStatesDistrictCourt.fortheSouthernDistrictofFlorida,whethertheybepresently knownorunknownorsuspected orunsuspected, andwhethertheyberelatedorunrelated tothelitiga-tionreferredtoaboveastolaworfactsorboth,whichagainstthesaidreleasees thesaidreleasors oranyof,themeverhad,nowhave,orwhichtheirheirs,executors, administrators, successors, orassigns,oranyofthem,hereafter can,shallormayhave,for,orbyreasonofanycause,matterorthingwhatsoever, fromthebeginning of

theworldtothedateofthisRelease.INWITNESSWHEREOF,Ihavehereuntosetmyhandandsealthis~Z~dayofSIGNEDANDSEALEDinthepresenceof(Seal)1980.APPROVEDASTOMANDLEGALITYJ4.1980torneyforOrlandoUtilities mmissionORLANDOUTIL-XBCOMMSSION(Seal)By.PresidehAttest:/ByeSh'amAttest:G.MichaelMillerDeputyCityClerkAssistant Secretrv'4APPROqEOAsTOfORMP'.I/~PiCITYOFORLANDO~FLORIDAN~LEGALITY8CihlxiFASSISTART CITYATTPIInO'gUIgpp fI.DRIDAorProtern

UNITEDSTATESOFAMERICANUCLEARREGULATORY COMMISSION BEFORETHEATOMICSAFETYANDLICENSING BOARDIntheMatterofFLORIDAPOWER6LIGHTCOMPANY(St.LuciePlant,UnitNo.2)NRCDocketNo.50-389ACERTIFICATE OFSERVICEIherebycertifythatcopiesoftheletterdatedJune121980,fromJ.A.Boukniqht, Jr.,tothemembersoftheAtomicSafetyandLicensing Boardwereservedonthefollowing bydepositintheUnitedStatesmail,firstclassandpostageprepaid,this12thdayofJune,1980:IvanW.Smith,Esq.,ChairmanAtomicSafetyandLicensing BoardU.S.NuclearRegulatory Commission Washington, D.C.20555Valentine B.Deale,Esq.,MemberAtomicSafetyandLicensing Board1001Connecticut Avenue,N.W.Washington, D.C.20036RobertM.Lazo,Esq.,MemberAtomicSafetyandLicensing BoardU.S.NuclearRegulatory Commission Washington, D.C.20555Docketing andServiceSectionOfficeoftheSecretary U.S.NuclearRegulatory Commission Washington, D.C.20555JeromeSaltzman, ChiefAntitrust

&Indemnity GroupU.S.NuclearRegulatory Commission "Washington, D.C.20555ThomasGurney,Sr.,Esq.203NorthMagnoliaAvenueOrlando,Florida32802AtomicSafetyandLicensing BoardU.S.NuclearRegulatory Commission Washington, D.C.20555TracyDanese,Esq.VicePresident forPublicAffairsFloridaPower6LightCompanyP.O.Box013100Miami,Florida33101JackW.Shaw,Jr.,Esq.JohnE.Mathews,Jr.,Esq.Mathews,Osborne,Ehrlich,McNatt,GobelmanaCobb1500.AmericanHeritageLifeBldg.11EastForsythStreetJacksonville, Florida32202RobertE.BathenFredSafferR.W.Beck6Associates P.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.,Antitrust

Division, Dept.ofJusticeP.O.Box14141Washington, D.C.20044WilliamH.Chandler, Esq.Chandler, O'Neal,Avera,Gray,Land6Stripling PostOfficeDrawer0Gainesville, Florida32602DanielM.Gribbon,Esq.HerbertDym,Esq.JoanneB.Grossman, Esq.Covington 6Burling888Sixteenth Street,N.W.Washington, D.C.20006JosephRutberg,Esq.LeeScottDewey,Esq.FredericD.Chanania, Esq.CounselforNRCStaffU.S.NuclearRegulatory Commission Washington, D.C.20555CharlesR.P.Brown,Esq.Brown,PaxtonandWilliams301South6thStreetP.O.Box1418FortPierce,Florida33450JABouknight JrLowenstein, Newman,Reis,Axelrad6Toll1025Connecticut Avenue,NWWashington, DC20036(202)862-8400Dated:June12,1980