(A) Beginning with the effective date indicated in the service application submitted by the qualifying customer, the utility will receive a credit on its wholesale bill for the qualifying new load. The incentive amount received by the utility from the Indiana Municipal Power Agency for such load will be passed in full to qualifying customers. For reference purposes, the discount to the qualifying customer’s wholesale cost for qualifying new load will be calculated according to the following schedule:
Months 1 - 12 | 20% |
Months 13 - 24 | 15% |
Months 25 - 36 | 10% |
Months 37 - 48 | 10% |
Months 49 - 60 | 5% |
(B) (1) The qualifying customer must meet the minimum qualifying demand during each month of the incentive period (i.e., months one through 60, as designated above).
(2) Failure to meet the minimum qualifying demand in a particular month will result in 0% reduction for that month.
(Ord. 2018.05, passed 9-18-2018)