For the first 500 kilowatt hours, a residential customer will be charged $0.32691 per kWh, representing a $0.0190 base rate and $0.30791 LEAC rate.
Those consuming 501 to 1,000 kWh will pay $0.38591 per kWh, comprising a $0.0780 base and $0.030791 LEAC rate.
Residential customers consuming 1,000 to 2,000 kWh will pay $0.40991 per kWh while those using over 2,000 kWh will pay $0.45791 per kWh.
On top of the per kWh rate, residential customers are also charged $6.62 each month.
CUC Deputy Executive Director Alan W. Fletcher said this customer charge is a fixed monthly fee.
“Those fees are designed to cover such things as meter reading, billing, meter testing, etc.,” he said.
Commercial customers will pay $0.40991 per kWh, which comprises a $0.1020 base rate and $0.30791 LEAC rate while government accounts will be charged $0.41491 per kWh.
Commercial and government accounts will pay $9.06 in monthly customer charges.
For non-conforming load, CUC is charging $0.52991 per kWh and a $56 monthly customer charge.
Fletcher said CUC has no non-conforming load customer within that rate class.
The customer classification, he said, is designed for customers with intermittent and sharp load use demands.
The new LEAC rate took effect on Nov. 20 for a “period continuing until amended by order of the commission.”
The LEAC rate from April 16, 2011 to Nov. 19, 2011 was $0.34426.
The new LEAC rate is the cost of fuel that CUC buys to run its power plants, which consists of the following elements: fuel and lube oil, $0.28761 per kWh; volatility allowance, $0.01783 per kWh; and regulatory/technical support, $0.00247 per kWh
CUC chief finance officer Charles H. Warren said the new LEAC rate reduced by 10.7 percent the average CUC customer’s power while commercial and government customers will see a 8.8 percent reduction in their power bills.
CUC, however, is expected to file an emergency petition to increase its electric base charge before Dec. 8 to offset its higher employer contributions to the Retirement Fund this fiscal year.
