The PCA allows REMC to recover these increases (or return decreases) without undergoing the lengthy and costly process of a rate study each time fuel costs fluctuate. The power cost adjustment is always brought before the Noble REMC Board of Directors for approval or disapproval. The PCA is for fuel adjustments and not for local operations of the REMC.

Residential Service

Customer Charge per Month (Rate 1)	$15.00 per Month
Energy Charge		Power Cost Adjustment (add)
First 500 kWh	$0.0736 per kWh	$0.02869/kWh
Next 500 kWh	$0.0650 per kWh	$0.02869/kWh
Over 1,000 kWh	$0.0600 per kWh	$0.02869/kWh

General Service, Non-Demand

Customer Charge
Single-Phase Service (Rate 2)	$15.00 per Month
Three-Phase Service (Rate 2.1)	$40.00 per Month
Energy Charge		Power Cost Adjustment (add)
First 1,000 kWh	$0.0765 per kWh	$0.02869/kWh
Over 1,000 kWh	$0.0600 per kWh	$0.02869/kWh

General Service, Demand (25 kW or higher)

Customer Charge
(Rate 3.1) Single Phase	$30.00 per Month
(Rate 3.0) Three Phase	$50.00 per Month
Demand Charge
All kW of Billing Demand per Month	$4.05 per kW
Over 1,000 kWh	$0.0600 per kWh
Energy Charge		Power Cost Adjustment (add)
First 200 hours use of Billing on Demand	$0.0600 per kWh	$0.02869/kWh
Next 200 hours use of Billing on Demand	$0.0500 per kWh	$0.02869/kWh
Over 400 hours use of Billing on Demand	$0.0400 per kWh	$0.02869/kWh

Large Power (300kW or higher)

Customer Charge
(Rate 4.0)	$100.00 per Month
Demand Charge
All kW of Billing Demand per Month	$6.15 per kW
Energy Charge		Power Cost Adjustment (add)
First 200 hours use of Billing on Demand	$0.0450 per kWh	$0.02869/kWh
Next 200 hours use of Billing on Demand	$0.0400 per kWh	$0.02869/kWh
Over 400 hours use of Billing on Demand	$0.0350 per kWh	$0.02869/kWh

POWER COST ADJUSTMENT
The amount computed at the above Monthly Rate shall be adjusted plus or minus by an amount calculated in accordance with the formula specified in the REMC’s Appendix PCA - Power Cost Adjustment which is a part of the “Monthly Rate” of this rate schedule.

SECURITY LIGHT RATE (175-watt mercury vapor)
$9 per light per month
Repair service is included in the charge. These security lights do not run through your meter.

RESIDENTIAL MEMBER DEPOSITS
Pursuant to the following rules, the REMC may require a member deposit as condition of electric service.

1. The REMC shall determine the member’s creditworthiness using a credit report prepared by a reporting agency contracted by the REMC.
2. Based on the credit report, the REMC will determine the amount of the deposit as follows:
1. a. No Credit Risk Deposit Waived
2. b. Moderate Credit Risk $125.00 Deposit
3. c. High Credit Risk $175.00 Deposit
3. If credit information is not available from the credit reporting agency, the REMC will collect a deposit of $125.00. If the member provides the REMC a satisfactory letter of credit (minimum 12 month history) from its most recent electric utility, the REMC will refund the deposit on the next monthly billing.
4. If the REMC disconnects service to a member for nonpayment and/or meter tampering, it shall require a deposit equal to one sixth (1/6) of the estimated annual billings to the member.
5. Upon the customer making satisfactory on-time payments for twelve (12) consecutive months, the member’s creditworthiness will be established and the REMC will refund the deposit to the member in the form of a credit on their bill.
6. If the REMC has not already returned the deposit, it shall return the deposit by credit to the member’s final bill.
7. The REMC shall apply these terms and conditions uniformly to all members.

COMMERCIAL MEMBER DEPOSIT (New and existing service locations)
Pursuant to the following rules, the REMC may require a member deposit as condition of electric service.

1. A deposit equal to 1/6 of the estimated annual electric bill may be required unless a member presents the REMC with a good credit history or references from two previous utility service providers or equivalent. A bank letter of credit may be presented in place of a deposit for the above deposit amount. The member shall provide such written documentation within 10 days of the initial service agreement.
2. The REMC also reserves the right to require a deposit if the account ever becomes 20 days past due. The amount of deposit will be equal to 1/6 of the estimated annual electric bill and is due within 15 days of notification of deposit due.

Deposits will remain with the REMC for no less than 30 months of non-delinquent payment history. Late payments during that time will result in the deposit being extended.