The charges for all kilowatt hours of energy supplied in the period covered by any bill shall be increased or decreased by an amount to be known as the wholesale power purchase cost adjustment, which shall reflect changes in the total costs incurred by the Village for the purchase of wholesale power for furnishing electric energy. The wholesale power purchase cost adjustment shall be established by a resolution of the Village Council introduced at one meeting and enacted at a subsequent meeting, which resolution shall either set a specific amount for the wholesale power purchase cost adjustment or establish a methodology for calculating the wholesale power purchase cost adjustment.
(Ord. MC-1-2008, § 2, 2008; Ord. MC-228-99 § 6 (part), 1999: prior code § 9.16)