(A) There is hereby established, for the use of and the service rendered by the town’s Electric Utility, the peak management credit.
(B) Peak management credits are available to any residential customer of the municipally-owned electric utility of the town, with a state municipal power agency-owned peak management switch installed on a central air conditioner and/or electric water heater. Rules and provisions for participation in the peak management program are available at the utility’s office.
(C) The credits for participation in the peak management program will be as follows:
(1) Electric water heater: $1 per switch per month, January through December; and
(2) Central air conditioner: $2 per switch per month, June through September.
(D) These credits will be included on participating customer’s monthly bills. A customer participating in the program may withdraw at any time upon notifying the utility. Credits will stop with the first bill following customer withdrawal from the Peak Management program, the termination of the utility’s participation in the program or the program’s termination by IMPA.
(Prior Code, § 50.33) (Ord. 1995-1-1, passed 2-7-1995)