(A) Unless waived or modified by the Clerk-Treasurer's Office for good cause shown, the following deposits shall be paid at the Clerk-Treasurer's Office prior to the furnishing of electric service. Further, any such waiver shall be reported at the next public Council meeting, and noted in the record of the proceedings of that meeting.
(B) Notwithstanding any current charge for the meter or lines already in place, residential customers shall pay a one time $300 electric connection charge.
(C) Notwithstanding any current charge for the meter or lines already in place, commercial customers:
(1) Shall pay the one time $300 electric connection charge, and
(2) Shall pay the cost of connection of service subject to a possible refund. The procedure for commercial customers in determining the cost of
connection, including the refund if any, shall be as follows:
(a) The total estimated cost of the connection shall include the overhead and/or underground primary and/or secondary extension plus the service, transformers, and metering.
(b) This total estimated cost will be divided by 18 months and this will be the minimum monthly bill (plus the service charge) for the commercial customer for this 18- month period. This 18-month period shall begin when electrical service is successfully provided.
(c) For each commercial customer connected to the extension within a period of three years from the completion of the extension, the town will refund to the initial commercial customer in proportion to their respective contribution to the cost of the extension, an amount based on the cost to serve the additional commercial customer and their revenue. The three-year period shall start at the beginning of the 18-month period for the initial commercial customer. Any subsequent commercial customers must have permanent service installed within the three year period for the revenue to be used in calculation for refund.
(d) The refund, if any, shall be made in accordance with the following procedure:
1. As each commercial customer is added, the additional cost to serve that customer will be calculated. That additional cost will be divided by 18 for a minimum monthly billing for that customer.
2. The minimum monthly bill shall have the monthly service charge added to it, but in no case will the monthly service charge be used to calculate a refund.
3. After 18 months, the accumulated excess between the revenue and the cost for this commercial customer (if an excess exists) will be refunded to the initial commercial customers outlined above. However, the accumulated excess beyond the three-year period will not be used for the refund.
4. The maximum amount to be refunded to the initial commercial customer shall not exceed the cost (minimum monthly bills) less the actual usage amount accumulated over the 18-month period.
(Ord. 2004-9, passed 9-13-04)