Schedule IPT: Industrial Power Tariff

Availability

Available in all territory served by the Cooperative, subject to the Cooperative’s Service Rules and Regulations.

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 5,000 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: $15.35 per kW
  • Energy Charges:
    • On-Peak: $0.06000 per kWh
    • Off-Peak: $0.04523 per kWh
  • Excess Net kVARh charge: $0.00616 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% of the highest billing demand used in any of the preceding 11 months, or 500 kilowatts, whichever is greater Peak hours are defined as those hours from 7 am to 11 pm, E.S.T., daily.

Billing kWh

The billing kWh shall be 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 AMPF (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:

The AMPF is equal to: kWh divided by (the square root of [kWh squared plus Net kVARh squared]).

Net KVARh is equal to: kWh multiplied by (the square root of [1 divided by {AMPF} squared] minus 1]).

Rate tariff equation

Distribution Facilities Investment

The Distribution Facilities Investment is the investment (including any net replacements made from time to time) in electric plant facilities installed by the Cooperative for providing electric service to the consumer. Such facilities shall include both specific and reasonably allocable investment amounts directly associated with providing service to consumer.

Minimum Monthly Charge

The minimum monthly charge shall be the greater of:

  1. The contract minimum.
  2. The sum of the demand charge, the energy charge, and excess Net kVARh.

Other Wholesale Charges & Credits

In addition to the wholesale demand and energy charges which are included in the demand and energy charges of the monthly rate, the consumer shall pay all other charges including but not limited to the Power Cost Tracker, and receive all other credits billed the Cooperative by Hoosier Energy for service hereunder pursuant to Hoosier Energy's Industrial Power Tariff and which are not specifically covered by another provision of this schedule.

Wholesale Rate Changes

Should there be any change in the Hoosier Energy Industrial Power Tariff under which the Cooperative purchases power for service hereunder, the charges and provisions of Schedule IPT shall change correspondingly such that the change in wholesale power cost is passed through to the consumer.

Terms & Conditions of Service

  1. The applicant will be required to give satisfactory assurance by means of a written agreement as to the character, amount, and duration of the business offered.
  2. In general, individual motors rated in excess of 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.

Terms of Payment

Refer to Appendix