Prior to the adoption of Ord. 16185 on 09/20/1999, Section 27-118 read as follows.

    (a) The monthly rate charge will be average annual cost per kwh above or below 3.50 3.25 cents per kilowatt hour. In determining the fuel adjustment allowance under the formula set forth above, the energy cost shall be the sum of the following:

    (1)    Average cost of fuel in the city's generating plant based on the net kilowatt hour generated in the city's plant;

    (2)    Cost of purchased energy based on the net kilowatt hour purchased;

    (3)    The monthly capacity costs (including the demand cost of purchased power) less the amount billed under special contract rates.

(Code 1964, § 15.585; Ord. No. 9930, § 1, 9-6-83; Ord. No. 10459, § 1, 2-18-85; Ord. No. 11925, § 1, 6-20-88; Ord. No. 14776, § 1, 3-4-96)