(A) Tracker adjustment.
(1) The electric utility is incurring costs associated with providing electric service that are not covered by the current rate structure of § 50.06, and it being necessary to recoup said costs, the Town Council finds it necessary to adopt a rate tracker.
(2) All other provisions of § 50.06 and other ordinances relating to electric rate and charges shall remain in full force and effect.
(B) Establishment of rate tracker.
Tn = Cn - Cr Sn Where: T = The tracker in dollars per kilowatt-hour (kWh). This tracker is applied on a per-kWh basis to all metered sales of electricity C = The projected cost of power (electricity) purchased by the town utility in the upcoming quarter n = Period of next tracker (quarterly) r = Period of the town’s utility last retail electric rate change S = The kWh expected to be sold to the town utility’s retail customers in the upcoming quarter |
(C) Effective date. This section shall take effect upon its signing.
(Ord. 2014-1, passed 3-19-2014)