A clean copy of the Tariff, along with a red-lined copy of the Tariff, is provided for back up. The attached Tariff does not include a rate increase for any rate class. The material changes in the Tariff for consideration by the City Council are summarized as follows: I. Customer Installation, Section III-I:
•Added language to clarify that back-billing shall not exceed a period of six months but for instances of overbilling, the Customer’s bill shall be corrected for the entire period of the overbilling.
II. Agreed Payment Arrangement, Section III-12e:
•Updated agreed payment arrangement language for clarity and conciseness disclosing that no agreements will be extended beyond September 30, 2023 as the move to retail competition is set to occur in late 2023.
III. Prorating - Section added for rate classes 1, 3, 5, 10, 11, 15, 16, 16P,16T, 17, 19, 21, Guard Light, and Flood Light Serivces:
•Added language stating that LP&L may prorate monthly fees according to policies and procedures adopted by the Director of Electric Utilities
IV. Demand Cap Phase Out - last sentence in the "Demand" Section for rate classes 15, 16, 16P and 17: In FY 2015-16, the Electric Utility Board began phasing out the demand cap in the four aforementioned rate classes. The Board recommends the eighth year of a multi-year phase-out of the demand cap. The phase-out approach ensures that no commercial customer will see more than a 20% adjustment on their statement related to the demand cap adjustment.
•For certain low load-factor commercial customers, who are affected by a demand cap, the demand charge is currently limited. This limitation results in slightly higher rates for customers that do not benefit from the demand cap.
V. Budget Billing - Section for rate classes 1, 3, and 5:
•Added language stating that no new customers will be enrolled in budget billing beginning October 1, 2022. All customers currently enrolled in budget billing will be permitted to continue with budget billing. Prior to the transition to retail competition in late 2023, LP&L will work to recalculate budget amounts on the schedule deemed appropriate by the Director of Electric Utilities to achieve zero balances for budget billing customers so that no large variance balances are still owed at the time the market opens to retail electric providers.
VI. Utility Cost Recovery Fees for New Construction:
•The Utility Cost Recovery Fees for new construction were revised as follows:
Commercial: $19.29/linear foot
Residential Subdivisions Full w/ Alleys: $25.92/linear foot
Residential Subdivisions Half w/Alleys: $19.44/linear foot
Residential Subdivisions Full No Alleys: $25.92/linear foot
Residential Subdivisions Half No Alleys: $19.44/linear foot
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