New Subdivision Electric Buyout Costs Sample Clauses

New Subdivision Electric Buyout Costs. When the City extends its corporate boundaries through annexation or consolidation to an area that has existing electric service from another electric utility and the Commission elects to provide electric service to those newly annexed customers. MPS may negotiate with the existing electric utility for the purchase of electric facilities and customers. The negotiated purchase price may include facilities, lost revenues, and re-integration costs, and are recovered from customer’s base on the following: (1) If the MPS rate for a similar-classed customer is less than the rate charged by the previous electrical supplier, the customer will pay approximately one-half (1/2) the difference in rates to reimburse MPS for the lost revenue and reintegration costs. The customer will pay this fee as adjusted from time to time pursuant to Section 304.2.3 until such time that the lost revenue and reintegration costs are reimbursed in full. (2) If the MPS rate for a similar-classed customer is greater than the rate charged by the previous electrical supplier, MPS will not require the customer to reimburse MPS for the lost revenue and reintegration costs. (3) The Electric Service Extension Surcharge will be adjusted from time to time by the Commission as rates of MPS and the previous electric supplier fluctuate.‌‌‌
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