(A) The rates charged to electric system consumers shall be collected and shall be maintained for debt service, administration and other miscellaneous overhead costs and shall be collected and maintained for the operation, maintenance and replacement of the electric facilities.
(B) Annually, a total of $10,000 is to be placed in a certificate of deposit for the purpose of replacement needs over the useful life of the electric system.
(Ord. 680, passed 12-13-2022)