[Ord. No. 2447 §1, 11-7-1995; Ord. No. 2780 §1, 1-2-2007]
A rate schedule for the cost of electric service to City electric service customers shall be established as needed in accordance with the provisions of this Section and based upon the recommendations of the Board of Public Works and the rates shall be made available to the public.
The rates established under this Section shall provide sufficient revenue for the safe, efficient and financially responsible operation and management of the electric service system and shall be structured to produce net income not to exceed six and one-half percent (6½%) annual return on the net book value of the electric service system as determined by an annual audit of the system.
The wholesale cost of electric power shall be automatically passed on to the electric service consumer (power purchase adjustment). Said cost shall be added to the rate schedule established under this Section to be recovered in the following month(s).
[Ord. No. 2621 §1, 6-5-2001]
Notwithstanding the rate schedule set forth in Section 720.010 of this Chapter, the rate to be charged to new industrial users for electricity shall be a rate to be determined by the Board of Public Works. For the purposes of this Chapter only, "new industrial user" shall be defined as any user who, after June 5, 2001, by new usage, creates a new demand load which requires an increase in the capacity of the electrical delivery system of the City.
[Ord. No. 2447 §1, 11-7-1995]
The power factor of the customer shall not be less than ninety-five percent (95%) at the time of measurement of the maximum billing demand. If the power factor is less than ninety-five percent (95%), the billing demand shall be equal to the measured demand multiplied by ninety-five percent (95%) and divided by the percent power factor. If the power factor is greater than ninety-five percent (95%) there will be no charge in the billing demand.
[Ord. No. 2447 §1, 11-7-1995; Ord. No. 2667 §1, 1-21-2003]
For each billing month, the Board of Public Works, City of Kennett, Missouri, shall determine the total amount in dollars by which the purchased power cost plus the generating plant fuel cost exceeds or is below the product of one dollar sixty cents ($1.60) times the total kilowatt hours billed to its customers during that period. Also included in this purchased power adjustment shall be any savings in purchased power cost realized by the use of the Kennett generating plant after December 31, 2002. Revenue derived from such savings in the purchased power cost realized by the use of the Kennett generating plant shall be applied toward the annual payments due for the generators constructed and purchased under the contract between the City of Kennett, Missouri, and Wartsila North America, Inc. dated October 17, 2000 and as amended November 5, 2002 and any amendments thereafter.
Any excess or deficiency amount shall be divided by the total kilowatt hours billed to the City of Kennett, Missouri, customers in the following billing months and prorated to each customer on the basis of the customer's kilowatt hour usage and entered as "Fuel and purchased power adjustment" on each bill.
[Ord. No. 2447 §1, 11-7-1995]
In order to encourage prompt payment of all utility bills, including charges for electric, water, sewer and gas, a net gross system of adding a five percent (5%) penalty to all utility bills if the bills are not paid by the due date shown on each billing statement.
[Ord. No. 2373 §§1 — 3, 2-15-1994]
The Board of Public Works of the City of Kennett, Missouri, is hereby authorized, in consideration of selling surplus electrical power to customers beyond the City limits of Kennett, to implement a service charge not to exceed twenty dollars ($20.00) per month for each electric meter located beyond the City limits of Kennett, Missouri, which is connected to receive such surplus electrical power.
The service charge authorized by this Section shall be imposed uniformly to all purchasers of surplus electrical power with meters located beyond the City limits of Kennett.
The service charge authorized by this Section shall be in addition to any other charges made for the sale of surplus electrical power to those customers affected hereby.