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Electric Rates and Information
(effective as of 6/15/2004)
Rates of the electric and water
utilities are established by the La
Porte City Utilities Board of Trustees.
As a municipal system, we are not
subject to the regulation of the
Utilities Division of the Department of
Commerce of the State of Iowa.
Residential (per month)
From
0
to 200 kWh
$0.1035
From
201 to 500 kWh $0.0829
From
501 to 1000 kWh
$0.0775
Over 1000 $0.0740
Minimum bill 60
kWh
$6.21
Commercial (per month)
From
0 to 200 kWh $0.1035
From
201 to 500 kWh $0.0845
From
501 to 1500 kWh
$0.0785
Over
1500
$0.0740
Minimum bill 60 kWh $6.21
Horsepower (per month)
First 10
kWh per H.P. $0.1015
Next 20 kWh
per H.P. $0.0885
Next 20 kWh
per H.P. $0.0815
All Over 50 kWh per H.P. $0.0765
Minimum bill $1.00 per H.P.,
but not less than $2.02
Municipal Service (per month)
All
kWh
$0.0665
Sales tax not included in above rates
Power Cost Adjustment (PCA)
On March 8, 2005, the La Porte City
Utilities Board of Trustees approved a
Power Cost Adjustment (PCA)
surcharge. The
surcharge will be
applied to your bill when the previous
month’s power costs exceed the base rate
of 3.87 cents per kilowatt hour (kWh)
sold. The difference between the costs
per kWh sold and the base rate will then
be used as the Power Cost Adjustment
factor. This factor will be multiplied
times the number of kilowatt hours you
used for the month.
Example: Purchased Power +
Fuel used to generate = Cost of Power
/ Kilowatts Sold = Cost per kW Sold –
Base = PCA Factor
$54,232.26
+ $2,446.14 =
$56,678.40 / 1,117,206
= $0.0507 - $0.0387 =
$0.012
Electric usage of 600 kWh X PCA factor
of 1.2 cents per kWh = $7.20 Power Cost
Adjustment
(Sales tax not included)
The factor will very rarely be the
same. In this example it is 1.2 cents
per kWh. The next month it could be .16
cents per kWh (with a surcharge of $.96
with usage of 600 kWh). It will be a
separate item on your statement so you
will always know how much, if any, this
charge will be. This will take effect
starting with the May 2005 power costs
and total kWh sold in the May 2005
billing cycle. That factor will be
applied to your electric usage on the
June 2005 statement due July 15, 2005.
The same factor will be applied to all
Electric service categories:
Residential, Commercial, and Municipal.
The Power Cost Adjustment is to help
cover the increasing costs associated
with fuel to generate and kilowatts
purchased from other sources. Although
we are working hard to control costs and
provide you with the best energy value
possible, some costs are outside of our
control, such as peak demand times.
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Electric service is provided by La Porte
City Utilities through a wholesale power
contract with Resale Power Group of Iowa
(RPGI). Our current contract expires in
November 2009.
La Porte City Utilities purchased
16,239,464 kW in 2005 for a total annual
cost of $629,511.82 ($0.0387 average
cost per kW purchased). This includes
934,752 kW purchased on the open market
at a cost of $113,422.36. The PCA
(Power Cost Adjustment) revenue for 2005
was $91,269.57, $22,152.79 less than the
open market kW purchased costs. Per our
contract, we can only generate if MISO
calls upon us or if we deem necessary
due to an outage or maintenance
involving the in-coming line.
1935
1983 2005
No. of
Customers…………………………. 564 1100 1173
Avg. Cost per
kWh………………………... $0.10
$0.05
$0.0819
Avg. Annual Usage per Resid. Cust.……
1115 11,818
11,002
Total kW Sold for Year…………………... 629,000 kW 13,000,000
kW 15,225,000 kW
Peak Load………………………...............
290 kW
3500 kW 3660 kW
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