A.
The rates for the electric utility service provided by the Borough of Madison shall be as set forth in Appendix A annexed hereto and entitled "Borough of Madison — Schedule of Rates for Electric Utility — December 1993" and as revised from time to time by ordinance of the Borough Council.
B.
The schedule of rates (Appendix A) consists of the electric utility rates for the following service classifications:
[Amended 7-10-2000 by Ord. No. 30-2000; 9-27-2004 by Ord. No. 45-2004]
RS | — | Residential Service |
GSS | — | General Service (nondemand) |
GS | — | General Service (demand) |
GS-ML | — | Mid Level General Service - Demand |
GSL-D | — | Large General Service - Demand |
OL | — | Outdoor Area Light Service |
OPW | — | Off-Peak Water Heating Service Rider |
—- | — | Standby Facilities Service Rider |
C.
The schedule of rates for customers who generate and feed electricity into Madison’s electrical system, which is applicable to all service classifications, is set forth in Appendix A.[2]
[Added 10-11-2006 by Ord. No. 48-2006]
[2]
Editor's Note: Appendix A is included as an attachment to this chapter.
D.
A one-hundred-fifty-dollar per applicant targeted annual electric utility rebate credit program is hereby established for income-eligible Madison residents, subject to annual appropriations therefor in the municipal budget. The program guidelines, eligibility criteria and application process, attached hereto, shall be set forth in Appendix A.[3]
[Added 2-23-2015 by Ord. No. 6-2015; amended 4-11-2016 by Ord. No. 16-2016]
[3]
Editor’s Note: Said program guidelines, eligibility criteria and application process are on file in the Borough offices.
E.
An annual electric customer cost adjustment program is hereby established as follows: The Chief Financial Officer (CFO) will provide a written report to the governing body in January of the financial results of the electric utility for the preceding calendar year. The report will include a detailed accounting of all monetary inflows and outflows. Costs will include utility operational costs, employee compensation and benefits, transmission costs, capacity/demand charges, commodity costs, physical plant and equipment charges, appropriations for the Electric Utility Capital Improvement Fund, operating reserves, contingency, transfers of electric surplus to the municipal budget for tax relief, debt service, municipal operating support and general capital improvements, a minimum free balance of at least $1,000,000, line loss and such other financial factors as deemed appropriate and prudent by the CFO and governing body. To the extent there are funds remaining after all items cited above have been subtracted from the total electric utility revenue, the CFO, with the Council's approval, may annually recommend a prospective cost adjustment credit be applied to each kilowatt-hour (KWH) supplied under all rate schedules and tariffs. This adjustment, if any, will be set to the nearest $0.0001 via resolution and applied to all kilowatt-hours supplied during subsequent billing periods until the next annual financial analysis in January of the following year by the CFO and governing body of the operating results and performance of the Electric Utility. The cost adjustment credit factor may be revised during the course of any calendar year period by the governing body via resolution upon a showing of good cause.
[Added 11-28-2016 by Ord. No. 65-2016[4]]
[4]
Editor's Note: This ordinance also indicated that it would take effect 1-1-2017.
[1]
Editor's Note: The schedule of rates is included at the end of this chapter.
