The rates of the Cooperative shall be increased or decreased in accordance with the following formula:
The amount charged for each kilowatt-hour (kWh) of energy sold by the Cooperative, excluding sales to customers billed under Rate Schedule LPS and Rate Schedule H-18, shall be increased or decreased by an amount equal to:
F = B x 1/1–L
F = Monthly fuel cost adjustment of the Cooperative in cents per kWh.
B = Monthly wholesale fuel adjustment (cents/kWh) billed by Buckeye Power, Inc.
L = System line losses, excluding sales billed under Rate Schedule LPS and Rate Schedule H-18, expressed as a decimal fraction.
Approved by: Board of Trustees July 8, 2003
Effective: First full billing cycle in September