The rates set out are predicated upon a base power cost of 35.00 mills per kilowatt-hour. When the City's cost of energy per kilowatt-hour shall temporarily be greater than 35.00 mills per kilowatt-hour, there shall be added to the consumer's monthly charge for electricity used an amount equal to the number of kilowatt-hours used during the month to which the consumer's charge applies, multiplied by the amount by which the cost of energy for kilowatt-hour shall be greater than 35.00 mills per kilowatt-hour.
Cost of energy per kilowatt-hour as determined for any month shall be applicable to all charges rendered to consumers after the last day of the following month, without any City Council action.
The cost of energy per kilowatt-hour applied to the consumer's monthly charge shall be an average of the previous 12-months cost of energy per kilowatt-hour, provided that between October 2024 and March 2025 the calculation will transition from 6-months average to 12-months average as follows:
October 2024: Average of February 2024- August 2024 (7 months)
November 2024: Average of February 2024- September 2024 (8 months)
December 2024: Average of February 2024- October 2024 (9 months)
January 2025: Average of February 2024- November 2024 (10 months)
February 2025: Average of February 2024 - December 2024 (11 months)
Thereafter: Previous 12 months
For purposes of this section, the following words shall have the following meanings:
Cost of Energy shall mean the power cost for the generating plants owned by the City, consisting of the monthly natural gas cost and the cost of any fuel oil consumed; the cost of coal and air quality reagents consumed, including freight and handling charges; plus costs of payments by the City for power, energy, and transmission purchased from other power suppliers, less receipts from energy sold to other electric utilities.
Cost of Energy per Kilowatt-Hour shall mean "Cost of Energy" as above defined, divided by 95% of the total kilowatt-hours; consisting of the kilowatt-hour output of the City's electric generating plants, plus the kilowatt-hours purchased from other power suppliers, less the kilowatt hours of energy sold to other electric utilities.
(Amended by Ord. No. 8940, effective 1-1-2005)
(Amended by Ord. No. 8946, effective 01-5-2005)
(Amended by Ord No. 9578, effective 03-29-2016)
(Amended by Ord. No. 9704, effective 09-12-2018)
(Amended by Ordinance No. 9978, effective 10-01-2024)
(Amended by Ord. No. 9978 (Amended), effective 10-01-2024)
(Amended by Ord. No. 8946, effective 01-5-2005)
(Amended by Ord No. 9578, effective 03-29-2016)
(Amended by Ord. No. 9704, effective 09-12-2018)
(Amended by Ordinance No. 9978, effective 10-01-2024)
(Amended by Ord. No. 9978 (Amended), effective 10-01-2024)