(A) Charges for electric service will be adjusted by a credit or charge when the average cost of power from Carolina Power and Light Company and Southeastern Power Administration differs from the average cost incorporated into basic electric rates.
(B) An annualized WPCA factor per kWh will be calculated each year for billings from May through the following April. The annualized factor will be reviewed and adjusted in August, November and February to reconcile estimated collections during the year with power costs incurred, including losses. WPCA factors will be applicable to all metered kWh billed under the city’s electric service schedules.
(Ord. 89-10-0, passed 11-14-89)