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The minimum bill for non-demand customers is the basic monthly charge plus $1.00 per kW per month of <br />excess transformer capacity requested by the customer. A power factor of 95% must be maintained or a <br />penalty may be assessed. <br />Demand Customers (Demand in kW greater than 50kW) <br />Basic Monthly Charge$75.00 <br />Energy Charge $0.0651 per kWh <br />June-October Demand Charge $15.50 per kW <br />November-May Demand Charge $11.50 per kW <br />The minimum bill for demand customers is the greater of the maximum billing demand during the previous <br />twelve months times 3% of the demand charge, or the actual demand multiplied by the demand charge; plus <br />$1.00 per kW per month of excess transformer capacity requested by the customer. A power factor of 95% <br />must be maintained or a penalty may be assessed. <br />Large Industrial Demand Customers (Demand in MW greater than 1MW) <br />Basic Monthly Charge$100.00 <br />Energy Charge $0.0644 per kWh <br />June-October Demand Charge $15.00 per kW <br />November-May Demand Charge $11.00 per kW <br />The minimum bill for demand customers is the greater of the maximum billing demand during the previous <br />twelve months times 3% of the demand charge, or the actual demand multiplied by the demand charge; plus <br />$1.00 per kW per month of excess transformer capacity requested by the customer. A power factor of 95% <br />must be maintained or a penalty may be assessed. <br />UTILITY FINANCIAL STATEMENTS <br />The tables on the following pages provide the Utility’s Statement of Net Position; Statement of Revenues, <br />Expenses and Changes in Fund Net Position; and Statement of Cash Flows of the Electric System for the <br />years ended December31, 2015through 2019. The financial statement information was taken from the <br />City’s audited comprehensive annual financial reports and should be read in conjunction with the City’s <br />2019Comprehensive Annual Financial Report, an excerpt of which is provided as AppendixIII of this <br />Official Statement. (The City’s Comprehensive Annual Financial Report for fiscal year ended <br />December31, 2020 is not yet available.) Please also reference the Utility’s Annual Financial Report for <br />fiscal year ended December31, 2019, an excerpt of which is included as Appendix IV of this Official <br />Statement.(The Utility’s Annual Financial Report for fiscal year ended December 31, 2020 is not yet <br />available.) <br />- 17 - <br />282 <br />