(b)     Application.  The transmission service rate shall apply to all electric service for a premises where the service is supplied at one (1) point of delivery and measured through one (1) meter.

    (c)     Monthly rate charge.  The monthly rate per kilowatt hour shall be equal to the actual cost of such energy to the city, based on the following:

        (1)    Five (5) megawatt blocks of power purchased twenty-four (24) hours a day, seven (7) days a week for a minimum period agreed to by the customer and city.

        (2)    Best market energy price as may be available, plus any actual monthly market capacity price that is imposed by any third party energy provider offering energy for sale to the city and customer, plus (or minus) other actual market charges that may apply to transactions in the energy and operating reserve market of the Midwest Independent System Operator (MISO).

        (3)    Customer must pay for the full amount of all energy requested by customer even if not used, however, every effort will be made by the electric utility to sell excess energy back to the market and provide a credit to the customer.

    (d)     In lieu of gross receipts tax payments and sales tax.  In addition to the charge based on monthly rates, the total monthly charge for service shall include applicable sales taxes and an lieu of gross receipts tax payment equal to 7.5268 percent of the monthly rate charge.  Sales taxes shall be applied to the total of the monthly rate charge and the in lieu of gross receipts tax payment.

(Ord. No. 12273, § 1, 6-19-89; Ord. No. 19212, § 1, 9-18-06; Ord. No. 20570, § 1, 3-1-10)