The following adjustments are applicable to the rates and charges set forth in § 51.02 with respect to the several classes of electric service, as indicated.
(A) The rate adjustment is applicable to all metered rates of the utility. The applicable adjustment shall be applied to the total kWh billed to the customer for the meter reading period that the utility determines as most nearly corresponding to the meter reading periodfsl set forth in utility's power billings from its power supplier(s). The rate adjustment shall be on the basis of a purchase power cost adjustment tracking factor occasioned solely by changes in the cost of purchased power and energy, in accordance with the order of the Indiana Utility Regulatory Commission, approved on December 13, 1989 in Cause No. 36835-S3.
(B) Power cost.
(1) The rates and charges set forth in the utility's rate schedules are based on the cost of the utility's purchase power, fuel costs, and/or purchase power billing adjustments. Base power cost is the amount of power supply costs included in the rates. The base power cost is determined from the following wholesale power supply cost:
Demand charge ($ per kW per month) | $22.957 |
Energy charge ($ per kWh) | $0.026390 |
(2) The rate adjustment shall be determined based on a purchased power cost adjustment tracking factor occasioned solely by changes in the cost of purchased power and energy.
(1985 Code, § 6-11-3) (Ord. 1-1982, passed 2-8-1982; Ord. 1993-6, passed 12-13-1993; Ord. 1995-2, passed 2-14-1995; Ord. 1996-15, passed 8-14-1996; Ord. 1998-5, passed 10-15-1998; Ord. 2020-13, passed 12-9-2020)