§ 24-411. Generally.

(a)

Effective date: Bills rendered on or after February 19, 2013.

(b)

Applicability: Applicable to all electric tariffs of the City of Cartersville Electric System (CES) wherein the power cost adjustment rider is referenced.

(c)

Purpose: To assure that the cost of power purchased by the city from the Municipal Electric Authority of Georgia (MEAG), the Southeastern Power Association (SEPA), and/or any other source is fully recovered by revenues received from retail electric customers.

(d)

Monthly rate: The base electric rate tariffs include a fixed amount of power supply costs. Variances from this fixed amount of power supply costs, either in excess or in shortfall, shall be collected from or refunded to each of the city's standard metered electric customers on an equal per kWh basis.

(e)

Evaluation: The power supply cost variance will be reviewed monthly and the power cost adjustment (PCA) shall be reviewed and modified as necessary by the electric director.

(f)

Levelizing: In order to keep month-to-month PCA fluctuations reasonable, CES may use a levelizing technique provided that the total variance from the base cost amount, over or under, approximately equals the total amount of PCA revenue collected from customers during each fiscal year.

(Ord. No. 49-12, § 1, 11-1-12)