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ELK RIVER MUNICIPAL UTILITIES <br /> ECONOMIC DEVELOPMENT RATE <br /> This rate is available to those large businesses which are considering <br /> locating in Elk River. Eligibility for this rate will be determined <br /> by the Elk River Utilities Commission on a case by case basis in which <br /> the Commission will consider the following factors: <br /> 1) The size of the load (generally only those loads of 500 KW and <br /> above will be considered) <br /> 2) The number of employees to be in the work force (generally <br /> only those firms with 30 or more employees will be considered) <br /> 3) The participation of ERMU's power supplier <br /> This rate will have the following components: <br /> 1) The base rate will be the normal commercial rate in effect at <br /> that time. <br /> 2) An Economic Development Credit will be given for all Kilowatt <br /> Hours consumed based on the following schedule: <br /> The first year 10 Mils per KWH <br /> The second year 8 Mils per KWH <br /> The third year 6 Mils per KWH <br /> The fourth year 4 Mils per KWH <br /> The fifth year 2 Mils per KWH <br /> The sixth year 0 Mils per KWH <br />