Rate Schedules

RATE SCHEDULE CPTOU
CAPACITY POWER TIME-OF-USE SERVICE

The Kankakee Valley Rural Electric Membership Corporation (REMC) shall charge and collect for capacity power electric service on the following bases of availability, application, character of service, monthly rate, minimum charge, purchased power cost adjustment clause, and tax adjustment.

AVAILABILITY:

This schedule is available to any member of the REMC located within the territory served by Kankakee Valley Rural Electric Membership Corporation, and located adjacent to an electric distribution or transmission line of the REMC that is adequate and suitable for supplying the required service.

APPLICATION:

This schedule is applicable to all electric service required for lighting, power, and any other purpose with a maximum monthly demand of 1000 KW or greater requiring at least 1000 KVA of capacity for which no other specific rate schedule is applicable.

CHARACTER OF SERVICE:

Service under this schedule shall be three phase, 60 Hertz, alternating current at the REMC’s available standard voltages or other voltages as may be mutually agreed upon. All service required on the premises by the customer will be supplied through one meter. Standby or resale service is not permitted hereunder.

MONTHLY RATE:

Determination of Billing Demand:

The billing demand for any month shall be the maximum kilowatt demand established by the member for any period of fifteen (15) consecutive minutes during the month for which the bill is rendered. The demand shall be as indicated or recorded by suitable recording instruments provided by the REMC and adjusted for power factor as provided below.

Time of Use Rating Periods:

• On-Peak Periods: The designated on-peak periods expressed in terms of Eastern Standard Time shall be as follows:
• For the calendar months of January through December:
  Monday through Friday* 11:00 a.m. to 7:00 p.m.
*The following general holidays shall be excluded from the on-peak periods: New Year’s Day, Memorial Day, Independence Day, Labor Day, Thanksgiving Day, and Christmas.
• Off-Peak Periods: The designated off-peak periods shall be all hours other than the designated on-peak hours set forth above.

Purchased Power Cost Adjustment:

The amount computed at the above monthly rate shall be adjusted plus or minus by an amount calculated in accordance with the formula specified in the Kankakee Valley Rural Electric Membership Corporation’s Purchased Power Cost Adjustment Clause (Appendix A), which is a part of the “Monthly Rate” of this rate schedule.

Tax Adjustment:

The amount computed at the above monthly rate as adjusted by the application of the rate adjustment clauses shall be subject to taxes, assessments, and surcharges imposed by any governmental authority.

Power Factor:

The member agrees to maintain unity power factor as nearly as practical. The REMC reserves the right to measure such power factor at any time. Should such measurements indicated that the power factor is less than ninety percent (90%), then the demand for billing purposes will be adjusted for average monthly lagging power factor by multiplying the demand as indicated or recorded on the demand meter by ninety percent (90%) and divided by the percent power factor.

Minimum Monthly Charge:

The minimum monthly charge shall be the “facilities charge”.

Primary Metering Discount:

If the electric energy is provided at the primary supply line voltage of 12,470 volts, a credit of $0.25 per KW of billing demand will be applied where the customer owns, operates and maintains all facilities, including transformation equipment, beyond the primary metering point. The REMC reserves the right to establish the requirements for protection of the REMC’s electric system.

TERMS AND CONDITIONS OF SERVICE:

1. Service shall be provided in accordance with the provisions set forth in the Kankakee Valley Rural Electric Membership Corporation’s Service Policies and Bylaws.
2. The terms of payment shall be in accordance with the provisions set forth in the Kankakee Valley Rural Electric Membership Corporation’s Service Policies and Bylaws.