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<br />The initial power produced by the RGP was sold under a <br />declining block rate schedule. The composite rate was approximately <br />7.12 mi lls/kWh for a load of 3,000 kW under the rate schedule, <br />designated R5~Fl, in effect from FY 1940, to FY 1949. The demand and <br />energy components of the rate were as follows: <br /> <br />Oemand Charge: <br /> <br />$1.25 per kW-month. <br /> <br />Energy Charge: <br /> <br />Fi rst <br />Next <br />Next <br />Next <br />Over <br /> <br />50,000 kWh @ 8 mills/kWh. <br />50,000 kWh @ 6 mi lls/kWh. <br />200,000 kWh @ 5 mills/kWh. <br />700,000 kWh @ 4 mi lls/kWh. <br />1,000,000 kWh @ 3 mills/kWh. <br /> <br />Mi nimum Bi 11: <br /> <br />$1.25 per kW-month at Contract Rate of Delivery (CROD). <br /> <br />A rate adjustment was approved in FY 1949 based on FY 1947 <br />repayment studies. This new rate schedule was in effect from May I, <br />1949, to April I, 1974. This schedule was designated R5-F2 with a <br />composite rate of 6.64 mi lls/kWh. The components of the rate were as <br />fo 11 OwS : <br /> <br />Demand Charge: <br />$1.00 per kW-month. <br /> <br />Energy Charge: <br /> <br />4.5 mills/kWh for the first 250 kWh/kW. <br />4.0 mills/kWh over 250 kWh/kW. <br /> <br />Mi nimum Bi 11: <br /> <br />$1.00 per kW-month at CROD. <br /> <br />Repayment studies prepared for FY 1972 indicated a composite <br />rate of 15 mills was needed for RGP payout. However, to be <br />competitive with other rates in the RGP area, the rate was increased <br />in April 1974 to 8.15 mills/kWh. The rate schedule was designated <br />SW-Fl and included the following components: <br /> <br />Demand Charge: <br />$1.55 per kW-month. <br /> <br />6 <br /> <br />, <br />