2.4. ERMUSR 09-08-2015 - Laserfiche WebLink

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customer to whom the Municipal provides retail electric service, provided that the Municipal's payments shall not exceed a total of two hundred fifty thousand (250,000) kilowatt hours of usage per customer over a 10 year period after the Transfer Date. The loss-of-revenue rate shall be indexed as set forth in Section 2.4, except that such rate shall not exceed two cents ($0.02) per kilowatt hour. 2.6 Municipal Facilities. The loss-of-revenue payments under this Article 2 shall not apply to facilities owned by the Municipal for providing municipal services, including, but not limited to, streetlights and pumping stations. 2.7 Payment. For each Affected Area to be transferred, the Cooperative shall prepare (a) a listing of the facilities to be transferred under Section 2.1, as well as the original cost less depreciation of such facilities though the applicable Transfer Date, and (b) a good faith estimate for the reasonable integration expenses under Section 2.2. A current listing of facilities to be transferred to the Municipal in Area 1 is attached as Exhibit C, which listing will be updated as of the Transfer Date. Upon the completion of a transfer of an Affected Area, the Cooperative will provide a statement reflecting actual costs for integration expenses under Section 2.2. The Municipal shall make payments under Sections 2.1 and 2.2 within 60 days after receiving a final statement from the Cooperative for such costs. 2.7.1 The calculation of loss of revenue under this Article 2 shall be made for the period concluding on December 31st of each year under consideration and payment of the annual amount so determined will be made by the Municipal by February 15th of the following year. The Municipal's sales shall be calculated on the basis of its meter readings, as made in the ordinary course of its utility business. With its annual payment, the Municipal shall provide a written report to the Cooperative, certified as true 7 56