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Power Credits
Enhanced Growth Credit: The Enhanced Growth Credit Program provides
monthly power credits to new or expanding customers that meet the program’s
qualifying criteria. The customer may choose to have the power credits
applied to their monthly power bill by either of two payment methods. The first
method provides a power credit of $6 per kW per month payable for a period of
three years. The second method provides a $6 per kW per month credit for year
one, decreasing to $5 per kW per month during year two, and continuing to
decrease by $1 each year over a six year period. Customers may qualify for
the Enhanced Growth Credit Program in one of the following three ways:
- New or expanding customers in the standard industrial
classification (SIC) groups of 20 to 39 for manufacturing and codes
40, 42, 44 and 45 for bulk transportation.
- New or expanding commercial or industrial customers that are all
electric on heating, ventilation and air conditioning (HVAC), have 50
percent of floor space heated and cooled, and have 50 percent or more
of the rated electric load represented by HVAC, interior lighting and/or
cooking.
- Expanding customers who are adding at least 250 kW of electric
load for all electric HVAC, water heating and/or cooking.
The minimum load requirement for SIC qualifiers is 100 kW; the minimum
for the other qualifiers is 250 kW.
Large Manufacturing Credit: This five percent credit is on firm
power demand for industries with a minimum demand of 5,000 kW and whose
activities are classified with SIC codes from 20 to 39. The credit is
applied to base charges only, and not to facilities rental charges,
reactive demand charges or charges for non-firm power. The credit is
applied after any Growth Credit amounts are deducted from the bill.
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