Each monthly electric bill shall include a positive or negative purchased power adjustment clause factor to reflect changes in the actual purchased power cost. The purchased power adjustment clause shall be applied to each kilowatt-hour (kwh) supplied under all rate schedules. This adjustment shall be determined to the nearest 0.01 mill in accordance with the formula set forth below and shall be applied to all kilowatt-hours supplied during the billing period.
A. The purchased power adjustment shall be calculated as follows:
A = (C-B) x (DIE)
A = Amount of purchased power adjustment per kilowatt· hour to be applied to all bills
C = Total current cost of power purchased from the Borough’s power suppliers determined by dividing the total cost of power, including all costs, by the kilowatt-hours purchased during the first preceding calendar month prior to the billing date
B = Base purchased power cost, set by resolution
D = Total kilowatt-hours purchased by the Borough from all power suppliers for the 12 preceding months
E = Total kilowatt-hours sold by the Borough for the preceding 12 calendar months
B. The purchased power adjustment clause shall be computed monthly.
(Ord. 85-17, 12/17/1985; as amended by Ord. 89-01, 1117/1989, §6; by Ord. 98-08, 11/17/1998, §13; by Ord. 00-01, 1118/2000, §2; and by Ord. 2005-4, 4/19/2005, §1.)