Schedule IPS: Industrial Power Service

Availability

Available to any member of the Cooperative who meets the eligibility criteria set forth herein and is located in the territory served by the Cooperative.

Applicability

Applicable to consumers supplied at a single location who meet the following requirements for service:

  1. The consumer's monthly maximum demands must be at least 2500 kW.
  2. The consumer takes service directly from a Hoosier Energy supplied transmission-to-distribution substation.

Type of Service

Service shall be three phase, 60 hertz, at available standard voltages.

Monthly Rate

  • Connection Charge: $150 per month
  • Demand Charge: $18.46 per kW
  • Energy Charges:
    • On-Peak: $0.06209 per kwh
    • Off-Peak: $0.04709 per kwh
  • Excess Net kVARh charge: $0.01009 per kVARh

Billing Demand

Billing Demand shall be the highest consecutive 30-minute demand (the Non-Coincident Demand) during the Peak hours of the month expressed in kilowatts, but in no event less than 75 percent of the highest billing demand used in any of the preceding 11 months, or 500 kilowatts, whichever is greater, for purposes of calculating Billing Demand, Peak hours are defined as those hours from 7:00 a.m. to 11:00 p.m., E.S.T., daily.

Billing kWh

The billing kwh shall be higher of the actual kwh used during the billing month or 328.5 times the monthly billing demand.

Determination of Energy

On-Peak:

For the months of June through August, excluding Independence Day, On-Peak energy shall be all kilowatt-hours used during the period 2 pm to 8 pm E.S.T. – Monday through Friday.

For the months of December through February, excluding Christmas and New Years Day, On-Peak Energy shall be all kilowatt-hours used during the periods 7 am to 10 am E.S.T. and 6 pm to 9 pm E.S.T. – Monday through Friday.

Off-Peak:

Off-Peak Energy shall be all kilowatt-hours used during all hours other than on-peak hours as described above.

Power Factor

If the power factor (leading or lagging) at the time of the Non-Coincident Demand is determined to be less than 97%, the Non-Coincident Demand shall be adjusted separately by multiplying the Non-Coincident Demand by the ratio of the current target power factor percent 97% and the measured actual power factor percent at the time of the Non-Coincident Demand.

If the Average Monthly Power Factor (leading or lagging) is determined to be less than 95%, the “Excess Net kVARh” subject to the “Excess Net kVARh charge” is the difference between the actual measured Net kVARh amount and a calculated Net kVARh based upon the recorded kWh for the month and the targeted average monthly power factor of 95%. The Net kVARh calculation is based upon the standard Average Monthly Power Factor equation of:

Rate tariff equation

Minimum Monthly Charge

The minimum monthly charge shall be the greater of:

  1. The minimum monthly or annual charge as specified in any contract for service.
  2. The sum of the connection charge, demand charge, the energy charge and excess Net kVARh.

Rate Adjustments and Non-Recurring Charges

This Rate Schedule is subject to a Wholesale Power Cost Adjustment (“WPCA”) Factor, as provided for in schedule WPCA, all other applicable rate adjustment mechanisms, Riders and all non-recurring charges set forth on “Appendix A” which may be amended from time to time in the sole discretion of the Board of Directors.

Terms & Conditions of Service

  1. The Cooperative may require the member to enter into a written agreement stating the character of load, minimum contract period, minimum monthly charge, and other charges, if any.
  2. In general, individual motors rated in excess of twenty (20) horsepower must be three-phase.
  3. Any transformers and regulation equipment which may be required for incidental lighting shall be furnished by the consumer.
  4. Electric Service provided hereunder is subject to the provisions set forth in the Cooperative’s Bylaws, Service Rules & Regulations, and Policies, as may be amended from time to time in the sole discretion of the Board of Directors.
  5. The rates and charges set forth in this Rate Schedule are subject to change at any time in the sole discretion of the Board of Directors.