Power Supply Cost Recovery Clause

HomeWorks Tri-County Electric Cooperative

Power Supply Cost Recovery Clause

The Power Supply Cost Recovery (PSCR) clause permits the monthly adjustment of rates for power supply to allow recovery of the cost of purchased power incurred under cooperative policy.

For purposes of this clause, the following definitions apply:

“Power supply cost recovery factor” refers to the rate to be charged to reflect power supply costs incurred not included in the base rate.

“Power supply cost recovery plan” means a plan describing the expected costs of electric power supply and changes over the next 12-month period.

The power supply cost recovery factor to be applied to the Cooperative’s retail Member-Customers’ monthly kilowatt-houruse represents the power supply costs as established by the Cooperative in conjunction with Wolverine Power Cooperative. The factor is established annually, and reviewed monthly.

A reconciliation will be conducted at least annually to reconcile the revenues to actual power costs. Any net excess recovered shall be credited to the member-customers on their monthly bills, in a manner approved by the board of directors. Any net loss will be recovered from the member-customers on their monthly bills, in a manner approved by the board of directors.

For the period beginning October 7, 2016, the authorized Power Supply Cost Recovery Factor is $(0.0127) per kWh. The allowance for cost of power supply included in base rates is $0.08595 per kWh.

The following factors are to be applied in the 12 billing months beginning January2017.

YearMonthAuthorized FactorAppliedFactor

2017January $(0.00127) $(0.00127)

2017February $(0.00127) $(0.00127)

2017March $(0.00127) $(0.00127)

2017April $(0.00127) $(0.00127)

2017May $(0.00127) $(0.00127)

2017June $(0.00127) $(0.00127)

2017July $(0.00127) $(0.00127)

2017August $(0.00127)

2017September $(0.00127)

2017October $(0.00127)

2017November $(0.00127)

2017December $(0.00127)

The following factors were applied in the 12 billing months beginning January 2016.

YearMonthAuthorized FactorApplied Factor

2016January $0.00401 $0.00401

2016February $0.00401 $0.00401

2016March $0.00401 $0.00401

2016April $0.00401 $0.00401

2016May $0.00401 $0.00401

2016June $0.00401 $0.00401

2016July $0.00401 $0.00401

2016August $0.00401 $0.00401

2016September $0.00401 $0.00401

2016October $(0.00127) $(0.00127)

2016November $(0.00127) $(0.00127)

2016December $(0.00127) $(0.00127)

The following factors were applied in the 12 billing months beginning January 2015.

YearMonthAuthorized FactorApplied Factor

2015January $0.00314 $0.00314

2015February $0.00314 $0.00314

2015March $0.00314 $0.00314

2015April $0.00314 $0.00314

2015May $0.00314 $0.00314

2015June $0.00401 $0.00314

2015July $0.00401 $0.00401

2015August $0.00401 $0.00401

2015September $0.00401 $0.00401

2015October $0.00401 $0.00401

2015November $0.00401 $0.00401

2015December $0.00401 $0.00401

The following factors were applied in the 12 billing months beginning January 2014.

YearMonthAuthorized FactorApplied Factor

2014January $0.00192 $0.00192

2014February $0.00192 $0.00192

2014March $0.00192 $0.00192

2014April $0.00192 $0.00192

2014May $0.00192 $0.00192

2014June $0.00192 $0.00192

2014July $0.00192 $0.00192

2014August $0.00192 $0.00192

2014September $0.00192 $0.00192

2014October $0.00192 $0.00192

2014November $0.00192 $0.00192

2014December $0.00192 $0.00192

The following factors were applied in the 12 billing months beginning January 2013.

YearMonthAuthorized FactorApplied Factor

2013January $0.00074 $0.00074

2013February $0.00074 $0.00074

2013March $0.00074 $0.00074

2013April $0.00074 $0.00074

2013May $0.00074 $0.00074

2013June $0.00074 $0.00074

2013July $0.00187 $0.00187

2013August $0.00187 $0.00187

2013September $0.00187 $0.00187

2013October $0.00187 $0.00187

2013November $0.00187 $0.00187

2013December $0.00187 $0.00187

PSCR Clause revised effectiveOct. 7, 2016 by Mark Kappler, General Manager, at Portland, Michigan

Previous Revisions:June 1, 2015; Jan. 1, 2015; Jan. 1, 2014; July 1, 2013; Jan. 1, 2013; Jan. 1, 2012; July 1, 2011; Nov. 18, 2010