(a) There shall be a $.01 per kWh surcharge assessed for each non-contract kWh used each month for all rate classifications.
(b) The surcharge shall be used for capital improvements and debt service for the electric utility.
(c) The non-contract electric rates established by ordinance shall be increased by $.01 per kWh to implement the surcharge. The collected funds will be dedicated to either the electric utility surplus fund or electric utility principal and interest fund as required by the budgets adopted by the governing body.
(d) This surcharge shall take effect for usage starting on September 1, 2023.
(Ord. 2112, passed 8-24-2023)