ORDINANCE 10-2008

 

ORDINANCE OF THE BOROUGH OF MADISON AMENDING CHAPTER 94 APPENDIX "A" SCHEDULE OF RATES FOR ELECTRIC UTILITY

 

WHEREAS, the Chief Financial Officer of the Borough of Madison has recommended that the electric utility rates be increased due to increased costs; and

WHEREAS, the Borough Chief Financial Officer has recommended that Appendix A to Chapter 94 of the Borough Code, entitled "Borough of Madison Schedule of Rates for Electric Utility December 1993" be amended to reflect the following new rates:

Type Customer Charge Demand Charge Energy Charge

Residential Service

 

$3.40

 

 

0 to 600 kWh $0.1347

601 kWh or higher $0.1424

General Service (non demand)

$3.47

 

 

$0.1460 per kWh

General Service (demand)

$6.81

$7.874 per kW

$0.1019 per kWh

 

Mid Level General Service – Demand

 

$20.40

$9.299 per kW

$0.0822 per kWh

 

Large General Service – Demand

$20.40

$8.915 per kW

$0.0789 per kWh

Outdoor Area Light Service

 

$8.09 per 3,650 lumen mercury vapor lamp

$12.32 per 7,000 lumen mercury vapor lamp

$0.594 for each span of wire

$2.673 for each transformer

$0.773 for each pole

 

Off-Peak Water-Heating Service Rider

$1.19

 

$0.0777 per kWh

Standby Facilities Service Rider

 

 

$0.892 per kWh

 

WHEREAS, the Borough Council, after due consideration has determined to proceed with said recommendation.

NOW, THEREFORE, BE IT ORDAINED by the Council of the Borough of Madison, in the County of Morris and State of New Jersey, as follows:

SECTION 1: Appendix A to Chapter 94 of the Borough Code, entitled "Borough of Madison Schedule of Rates for Electric Utility December 1993" is hereby amended to revise the electric utility rates and classifications as set forth herein.

SECTION 3: All other rates and terms remain the same, except those changed herein.

SECTION 4: This Ordinance shall take effect as provided by law.

 

 

ADOPTED AND APPROVED

 

________________________________

MARY-ANNA HOLDEN, Mayor

Attest:

 

_________________________________

MARILYN SCHAEFER, Borough Clerk