KISSIMMEE, Fla., October 6, 2008 – Kissimmee Utility Authority has implemented a new rate structure for electric customers, effective with its October bills. The rate change is revenue neutral and does not affect the bill total.
The rate change was approved at a public hearing held in June. The rate tariff was also submitted to the Florida Public Service Commission for review and comment.
The rate restructuring:
• Incorporates more fuel into the base rate energy charge.
• Segregates governmental transfers from the base rate energy charge.
In light of the rising cost of fuel used to generate electricity, KUA has moved $0.04 per kilowatt-hour (kWh) from the fuel charge into the energy charge. This change increases the fuel portion of the energy charge from $0.05233 to $0.09233/kWh.
The segregation of governmental transfers from the energy charge was done to help better identify individual costs. The City of Kissimmee charter requires a transfer from KUA to the city’s general fund, based on a transfer rate of 6.24 mils per kWh of retail electricity sales. This transfer will now appear as a separate line item on the bill entitled “Governmental Transfers/Taxes.”
This graph shows a bill comparison between the old and new bill calculation. The example bill is based on residential consumption of 1,100 kilowatt-hours (kWh).
|
October Bill for KWH Usage of
|
1100
|
||
|
Electric Portion of Bill |
Old
|
New
|
|
| Customer Charge |
$ 10.17
|
$ 10.17
|
|
| Energy Charge |
$ 112.19
|
$ 149.33
|
|
| Fuel Charge |
$ 31.88
|
$ (12.12)
|
|
| Gross Reciepts |
$ 3.96
|
$ 3.96
|
|
| Utility Tax |
$ 6.46
|
$ 6.46
|
|
| Governmental Transfers |
–
|
6.86
|
|
|
|
|||
| Electric Subtotal |
$ 164.66
|
$ 164.66
|
|
| Note: | COPCA rate of: |
$ 31.88
|
$ (12.12)
|
Founded in 1901, KUA (www.kua.com) is Florida’s sixth largest community-owned utility providing electric and telecommunication services to 170,000 residents in five Central Florida counties.
# # #
Chris M. Gent
(407) 933-9836
cgent@kua.com
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