There is hereby established, for the use of and the service rendered by the City Municipal Electric Utility, the peak management credit described below:
   (A)   Availability.  Peak management credits are available to any residential or commercial customer of the municipally-owned electric utility of the city with single phase electric service, with an Indiana 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.
   (B)   Credits.  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.
      (2)   Central air conditioner:  $2 per switch per month, June through September.
   (C)   Billing; withdrawal from program.  These credits will be included on participating customer's monthly bills.  Each customer can receive credit for a maximum of two water heaters and/or two air conditioners.  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 Indiana Municipal Power Agency (IMPA).
   (D)   Other terms.  All other terms and conditions of the utility's applicable residential or commercial service rate schedule apply to this agreement.
(1980 Code, § 50.06)  (Ord. 1996-18, passed 5-28-1996)