Availability
This rate schedule is available
for service to each member
consumer of the Corporation that contracts after the effective date of this
rate schedule for new and/or expanded service. This tariff is offered in conjunction with Hoosier EnergyREC,
Inc.'s ("Hoosier") Economic Development Rate No. 4 and with Hoosier's Standard Wholesale
rate schedule.
The availability of this
rate schedule is limited to an aggregate amount of 100 MW demand for the entire Hoosier system. (excluding the aggregate demand from Economic Development Rate No. 3).
Applicability
The
Corporation shall provide this retail service to qualifying member-consumers for new or expanded electric power customers that meet the following conditions:
1. The new or
expanded electric power service
of any such retail customer must
be contracted for between the
customer, the Corporation and Hoosier for a time period of 5 to 10 years from the start date specified in the contract. The start date shall not be later than December 31, 2002.
2. The new or expanded electric power service load measures at least 500 kw of monthly non-coincident maximum demand (measured over a 30 minute interval) for at least six months of any contract year. Expanded electric power service is in addition to the load utilized by the retail customer prior to such expansion and shall be metered separately to assure compliance with this condition.
3.
The retail customer shall
certify to the Corporation and Hoosier Energy that the new or expanded electric power service meets two of the following criteria:
a) Results in the creation of a minimum of five full-time equivalent jobs.
b) Pays an average wage above the average County wage.
c) Selected location is in an area with an unemployment rate higher than the State average unemployment rate.
d) Selected site requires some form of environmental reclamation, or represents re-use of an existing industrial site where the former industry has ceased operations, or the new or expanded service replaces internal combustion engines thereby reducing air emissions.
e) Improves Hoosier Energy's
load factor or the load
factor of the Corporation.
f) Receives commitment of federal, state or local incentives, including sewer lines, water lines, road improvements and/or other infrastructure investment.
g) The retail customer provides documentation that without EDR No. 4, it would be financially advantageous for the retail customer to build the proposed new facility elsewhere.
The
Corporation and Hoosier have the final determination of whether the retail customer meets the above criteria. Documentation of compliance with the above criteria shall be the retail customer's responsibility.
Monthly Rate
Demand Charge: Equal to the non-coincident Demand Charge of Hoosier Energy's Economic Development Rate No. 4, discounted as follows, times the Billing Demand:
Term of
Service
Years |
Average
Annual
Discount |
Total
Cumulative
Discount |
Maximum
Annual
Discount |
| 5 |
5% |
25% |
25% |
| 6 |
6% |
36% |
30% |
| 7 |
7% |
49% |
30% |
| 8 |
8% |
64% |
30% |
| 9 |
9% |
81% |
30% |
| 10 |
10% |
100% |
30% |
The Total Cumulative Discount is the product of the Term of Service and the Average Annual Discount. The Total Cumulative Discount may be utilized in any pattern through the years of the contract term as long as the Maximum Annual Discount is not exceeded.
The contract
between the qualifying retail
customer, the Corporation, and Hoosier shall specify the demand charge discount for each year of the contract.
| Energy Charge: |
Standard energy charge
(as defined in this rate
schedule) |
| Distribution Charge: |
$0.50 per
kW of billing demand;
2 mills per kWh for all kWh usage |
Determination of Billing Demand
The Billing Demand shall be the highest consecutive 30 minute kilowatt demand occurring between the hours of 7 am to 11 pm EST, or 500 kw, whichever is greater. For the first six contract months, the Billing Demand shall be the highest consecutive 30 minute kilowatt demand occurring between the hours of 7 am to 11 pm EST.
Standard Energy Charge
Standard Energy Charge shall be
defined as the energy charge of
the Standard Wholesale Tariff
then in effect and approved for
service to the Corporation.
Facilities Cost
Customers
requesting facilities in
addition to those normally
provided may be required to pay
the Corporation and Hoosier Energy either a contribution-in-aid-of-construction equal to the cost of the additional facilities or the monthly carrying charge of such cost, whichever is mutually agreed upon and specified in the contract.
Late Payment Charge
The above rates are net. In the event the current monthly bill is not paid within seventeen (17) days from the date of the bill, a late payment charge of 5 percent of the net billing will be assessed. When the seventeenth (17th) day falls on Saturday, Sunday, or any other observed holiday, the first (1st) business day thereafter shall be deemed the seventeenth (17th) day.
Fuel Cost Adjustment
The Energy Charge shall be adjusted by the fuel cost adjustment as defined in Appendix A.
Power Factor Adjustment
The consumer
agrees to maintain unity power
factor as nearly as practicable.
The Corporation reserves the
right to measure such power
factor at any time. If the power
factor (leading or lagging) at
the time of the maximum monthly
demand is determined to be less
than 97%, the maximum monthly
demand shall be adjusted
separately by multiplying the
maximum monthly demand by the
ratio of the current target
power factor percent (97%) and the measured actual
power factor percent at the time
of the maximum monthly demand.
Prospective Only
This rate shall be applicable only to new and expanded service contracted for after the effective date hereof. Customers contracting for service under any Economic Development Rate heretofore in effect shall continue to be served under the terms and conditions of that rate.
Approved March 1, 2010 by the board of directors for effective date
April 1, 2010.
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