RESOLUTION TO RAISE THE ELECTRIC RATES BY 1 ¼ CENTS PER KW.
BE IT RESOLVED, by the Council of the Village of Waynesfield, County of Auglaize, State of Ohio that due to rising costs for the purchase of electricity by the Village, the rates for the Village customers will be raised from 8 ½ cents/KW to 9 ¾ cents/KW or a raise of 1 ¼ cents per KW to be effective on 6/26/09.
BE IT FURTHER RESOLVED that this Resolution shall be in full force and effect from the earliest period allowed by law.
VOTE: Kaufman, yes;Chiles, yes; Dulebhon, yes;Knox, yes; Luma, yes; Wilson, yes
Adopted: June 22, 2009
AN ORDINANCE MODIFYING THE ELECTRIC RATES OF THE VILLAGE OF WAYNESFIELD, OHIO
(Power Cost Adjustment)
Power Supply Cost Adjustment. The Village’s electric rates and charges are based upon a Base Power Supply Cost of $0.06000 per kWh. I the event that said average power supply costs per kWh is above or below $0.06000 per kWh, the Village’s Electric Rate Schedules will be adjusted as specified below:
- Each month, the Village’s running three month average Power Supply Cost per kWh shall be determined by dividing the (1) the sum of the most recent three months’ total power supply costs from all suppliers, including costs associated with ownership and operation of generating facilities owned in whole, or in part, by the Village, developmental costs associated with future power supply resources, transmission related charges and ancillary service fees, by (2) the total energy delivered to the Village during the same three month period.
- If said three month average Power Supply Cost per kWh is above or below the Base Power Supply Cost of $0.06000 per kWh, the rates per kWh set forth in Village’s Electric Rate Schedules shall be increased or decreased in the manner specified in (iii) & (iv) below.
- Any increase or decrease per kWh above or below the Base Power Supply Cost of $0.600 per kWh shall be determined to 4 decimal places and any resultant differential shall be multiplied by 1.13 to compensate for Village’s Distribution System Energy Losses.
- The resultant Power Supply Cost Adjustment determined pursuant to (iii) above shall be applied to the kWh billed for all electric customers.
This ordinance shall be in full force and take effect at the earliest date provided by law.
1st Reading 2nd Reading 3rd Reading
05/23/11 06/27/11 07/25/11
Kaufman – yes Knox – yes Luma – yes
Knox – yes Jerew – yes Knox – yes
Jerew – yes Kaufman – absent Jerew – absent
Luma – no Luma – yes Kaufman – yes
Traucht – yes Traucht – yes Traucht – yes
Wilson – no Wilson – yes Wilson – absent