Availability of the rates stabilization adder.
(A) The rate stabilization adder set forth herein shall apply to the utility’s electric rate schedules that are subject to this rider. This adder shall be for the purpose of stabilizing customer bills. The adder can be a charge or credit.
(B) The rate stabilization adder was initially applied to each customer’s bill for service provided January 1, 2010 through June 30, 2010. The rate stabilization adder should be evaluated in conjunction with the PCA every six months to determine if an adjustment is needed to stabilize customer bills. Application of the rate stabilization adder is subject to the approval of the town’s electric utility governing body.
(Ord. 14-2017, passed 10-10-2017)