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Board of Water & Light Electric Rate Schedules |
INFRASTRUCTURE RECOVERY RIDER
Purpose: The primary purpose of this rider is to encourage economic development in the Board of Water and Light (BWL) service area and recover those expenses necessary to provide electric distribution infrastructure from the customers receiving retail electric service from the BWL on the qualifying property. It will be offered to customers when, in the BWL’s judgement, the availability of the rider is a major factor in the customer locating or expanding its operations and when the rider will result in a net benefit to the BWL and its customers.
Availability - This rider is available to developers or customers that are developing commercial or industrial facilities requiring installation of BWL electric infrastructure. A customer desiring service under this rider must contract for full service electric requirements for the qualifying property, on or before December 31, 2005. Qualifying property under contract must be 50 acres or more, unless specifically approved by the Board of Commissioners. The contract is subject to BWL funding ability and shall include BWL minimum revenue requirements. The contract term shall not be less than five years nor greater than twenty years. All provisions of the applicable principal service rate remain the same with the following exceptions:
Monthly Rate
Infrastructure Recovery Charge: During the term of the contract, up to 15 % of the total monthly electric bill, less sales tax and franchise fees shall be added to the monthly charges for all electric services on the qualifying property. This charge shall be calculated using the contract term and economic criteria, as required by the BWL Rules and Regulations for Electric Service.
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