Rates

RES 1 (Schedule GS-1) Single-Phase General Service for residential, farm, commercial and public buildings.

EWT 8 (Schedule GS-8) EnviroWattsSM Single-Phase Green Power Service for residential, farm, commercial and public buildings.

MUP 2 (Schedule GS-2) Multi-Phase General Service for residential, farm, commercial and public buildings.

LPB 4 (Schedule LP) Large Power Service for all customers requiring 300 kva or over transformer capacity and connected before April 1, 1998.

LPA 5 (Schedule LP-1) Large Power Service for all customers requiring 300 kva or over transformer capacity and connected after April 1, 1998.

The following terms apply to all rates:

Wholesale Power Tracker

The above rates are subject to a Wholesale Power Tracker which is $.029747 per kwh. This charge describes the fees that Hendricks Power incurs each month in purchasing wholesale power on your behalf. The charge fluctuates each quarter as fuel prices change. Power plants in the Midwest burn primarily coal as the fuel to generate electricity. When the market price changes for the coal they purchase, they pass that charge along to us. We then use the fuel charge to reflect your portion of the fuel expense we incur. By structuring the charge in this manner, we avoid having to incorporate these fluctuating expenses in the base electric rate. When fuel prices decline, this component of the bill can appear as a credit on your bill.

Determination of billing demand

The billing demand shall be the maximum measured 15-minute demand in the current month adjusted for power factor. Custom determination of billing demand applies to Rate LP and Rate LP-1. See rates below for details.

Power factor

The member agrees to maintain unity power factor as nearly as practicable. The Corporation reserves the right to measure such power factor at any time. Should such measurements indicate that the average power factor is less than 90 percent, the billing demand shall be calculated in accordance with the following formula:

Billing Demand = Maximum Demand Times (90%) / Average Lagging Power Factor in %

Late payment charge

Ten percent of the first $3.00 or less of net billing plus three percent of the net amount in excess of $3.00 if bill is not paid within 17 days from the due date as stated in the bill.

Application

The interpretation of, or the application by Seller of, all rates, rules and regulations included in its tariff or adapted by Seller shall be subject to review by any government body having statutory jurisdiction thereover, upon application by Seller or any member, or in the absence of said jurisdiction, the foregoing shall be subject to review and interpretation by the Board of Directors of Seller.

Terms and conditions

Refer to Terms and Conditions of Service as outlined in Hendricks Power Cooperative's Rules and Regulations.

Potential commercial and industrial customers should contact Hendricks Power for customized rate information based on specific needs and load specifications.