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Electric Rates and Charges <br /> The following electric rates and charges became effective January 1, 2017. <br /> Residential <br /> Electric Rates <br /> Basic Monthly Charge $13.50 <br /> June-October Usage $0.1370 per kWh <br /> November-May Usage $0.1215 per kWh <br /> Off Peak Rates <br /> Energy Storage $0.0463 per kWh per month <br /> Dual Fuel $0.0602 per kWh per month <br /> Cornmercial/Industrial <br /> Non-Demand Customers (Demand in kW less than 50kW) <br /> Basic Monthly Charge $26.00 <br /> June-October <br /> 0.1314 Usage per kWh <br /> $ <br /> November-May Usage $0.1095 per kWh <br /> Th: minimum bill for non-demand customers is the basic monthly charge plus $1.00 per KVA per month <br /> of:xcess transformer capacity requested by the customer. A power factor of 95% must be maintained or <br /> a p:nalty may be assessed. <br /> Demand Customers (Demand in kW greater than 50kW) <br /> Basic Monthly Charge $75.00 <br /> Energy Charge $0.0667 per kWh <br /> June-October Demand Charge $17.00 per kW <br /> November-May Demand Charge $12.00 per kW <br /> Th: minimum bill for demand customers is the greater of the maximum billing demand during the <br /> pre ious twelve months times 3% of the demand charge, or the actual demand multiplied by the demand <br /> ch. ge; plus $1.00 per KVA per month of excess transformer capacity requested by the customer. A <br /> po er factor of 95%must be maintained or a penalty may be assessed. <br /> UTILITY FINANCIAL STATEMENTS <br /> Th: tables on the following pages provide the Utility's Statement of Net Position; Statement of Revenues, <br /> Ex tenses and Changes in Fund Net Position; and Statement of Cash Flows of the Electric System for the <br /> ye• s ended December 31, 2013 through 2017. The financial statement information was taken from the <br /> Ci 's audited comprehensive annual financial reports and should be read in conjunction with the City's <br /> 2017 Comprehensive Annual Financial Report ("CAFR"), an excerpt of which is provided as <br /> Apmendix III of this Official Statement. Please also reference the Utility's Annual Financial Report for <br /> fis al year ended December 31, 2017, an excerpt of which is included as Appendix IV of this Official <br /> Sta ement. <br /> - 16 - <br /> 25 <br />