943.18 ECONOMIC DEVELOPMENT COST ELECTRIC UTILITY ADJUSTMENT RIDER “F” (RIDER F).

   (a)   Economic Development Cost Adjustment (EDCA).

      (1)   Scope. The Electric Utility (Utility) shall recover economic development expenditures through the application of the EDCA including the sum of the Economic Development Agreement (EDA) Annual Rebates and all expenditures including funds transferred from the Utility to the City of Hamilton Department of Administrative Division of Economic Development, operating, capital improvements, investments and related debt service principal and interest payments that are paid or payable to parties other than Utility employees which are associated with the Utility’s economic development activities that are not included or recovered in base electric rate charges, Power Cost Adjustment (Rider A) charges, Unfunded Environmental Mandates Adjustment (Rider D) and Unfunded Governmental and Regulatory Mandates Adjustment (Rider E). Economic Development expenditures will be credited to reflect proceeds received from other entities for amounts that represent reimbursement of costs associated with economic development projects. Economic Development expenditures shall not include the salaries of Utility employees, or any benefits related thereto. Economic Development expenditures recovered by the EDCA shall be determined to be for a public purpose and benefit to the Utility. “Public purpose” and “Utility benefit” shall be determined by the Law Director and the Finance Director and approved by the Hamilton City Council. The EDCA will be applied monthly and added to electric customers monthly billings to recover the Economic Development Cost Adjustment.

      (2)   Application. The Utility shall review the Economic Development Cost Adjustment calculation and shall make annual projections for the succeeding period January to December (Collection Period). The Utility shall, when it deems necessary, make adjustments to the EDCA applied to customers for such period as it deems necessary to accomplish the purposes of this Rider in a timely manner.

      (3)   Calculation. The formula for calculating the economic development cost adjustment (EDCA) is:

            EDCA = (EDC * (MWF * RCM/PTWM))/RCM/12 + RA

         Where:

(EDC * (MWF * RCM/PTWM)/RCM/12 = the Economic Development cost component, expressed in dollars per customer per month.

RA = Reconciliation Adjustment as determined below, expressed in dollars per customer per month.

RA = (AEDC * MWF * AM/ATWM))/AM/12 - (PPEDC * (MWF * PCM/ATWM))/PCM/12.

      (4)   Definitions.

EDC = PEDC - BEDC

PEDC = Projected Economic Development expenditures in the Collection Period.

BEDC = Economic Development expenditures in the base rates of $386,628. At the time this rider was written, Economic Development expenditures in the base rates were $203,116 for EDA Annual Rebates and $183,512 for funds transferred to the City Department of Administrative Division of Economic Development.

PPEDC = Economic Development costs to be collected in the preceding Collection Period.

PPTWC = Projected total weighted customers during the preceding Collection Period.

AEDC = Actual Economic Development cost for the preceding Collection Period.

CWF = Customer weighting factor for each rate class in Table 1 below.

RCC = Projected average number of customers in the rate class during the Collection Period.

PCC = Projected average number of customers in the rate class during the preceding Collection Period.

PTWC = Projected total weighted customers during the Collection Period.

ACC = Actual average number of customers in the rate class during the preceding Collection Period.

ATWC = Actual total weighted customers during the preceding Collection Period.

Table 1

Customer Weighting Factors (CWF)

 

Rate Class	Weighting Factor
ELE Residential ELE Residential Suburban	1.00 1.05
ELE Athletic Field Single Phase ELE Athletic Field Three Phase ELE Cable TV	3.00 3.00 3.00
ELE Non Residential No Demand Single Phase ELE Temporary No Demand Single Phase ELE Non Residential Secondary Single Phase ELE Temporary Secondary Single Phase ELE Power Factor Secondary Single Phase ELE Non Residential No Demand Suburban Single Phase ELE Non Residential Secondary Suburban Single Phase ELE Seasonal Secondary Suburban Single Phase	3.00 3.00 3.00 3.00 3.00 3.15 3.15 3.15
ELE Non Residential No Demand Three Phase ELE Non Residential Secondary Three Phase ELE Power Factor Secondary Three Phase ELE Non Residential Secondary Suburban Three Phase	5.00 5.00 5.00 5.25
ELE Non Residential Primary Three Phase ELE Power Factor Primary Three Phase ELE Seasonal Primary Suburban Three Phase	10.00 10.00 10.50

 

(Ord. 2010-8-69. Passed 8-11-10.)