Cost of Debt Adjustment
This adjustment clause allows the cooperative to pass on increases or decreases in its cost of debt above or below an amount established by the PSC. The adjustment factor and its resulting dollar amount are always printed on your bill. Multiplying the factor by the total number of kWh gives the dollar amount.
Local and State Sales Taxes, and City Franchise Taxes for those whose service is located inside the city limits of an incorporated municipality, are added to above amounts.
Power Cost Adjustment
A Power Cost Adjustment is factored into the bill for each kWh used. This adjustment clause was approved by the PSC to allow the cooperative to pass on any monthly decrease or increase in the cost of generating electricity, especially fuel cost fluctuations, without having to go through the lengthy and costly process of filing for minor rate changes. The factor per kWh and the dollar amount is printed on your bill.
Additional Charges You May Need To Pay
The following is a list of charges you may have to pay under certain circumstances in addition to your electric bill:
Basic Service Charge
Much of the cost of providing electric service to our members is for building and maintaining service. The Basic Service Charge is based on fixed costs such as the cost of materials for the power lines, meter and transformer, taxes on property, interest on borrowed money, maintenance, and billing—those costs associated with keeping power available even if no electricity is ever used. As a nonprofit cooperative, we try to design rates which reflect the actual costs of providing electric service. The Basic Service Charge is intended to cover the fixed costs of the service.