Comment Up
On CONSENT AGENDA:
The city plans on extending or continuing the Economic Development Electricity Incentive Rate Program (“Program”) available to qualifying commercial customers upon request throughout municipal boundaries of the City of Lake Worth.
MONTHLY RATE:
The rates and all other terms and conditions of the Customer’s otherwise applicable rate schedule shall be applicable under the Program. An annual credit based on the percentages below will be applied to the demand charges and non-fuel (base) energy charges of the Customer’s otherwise applicable rate schedule associated with the Customer’s new load:
Year 1 – 23.6% reduction on applicable charges from Year 1 and applied in Year 2
Year 2 – 20% reduction on applicable charges from Year 2 and applied in Year 3
Year 3 – 15% reduction on applicable charges from Year 3 and applied in Year 4
Year 4 – 10% reduction on applicable charges from Year 4 and applied in Year 5
Year 5 – 5% reduction on applicable charges from Year 5 and applied in Year 6
2 comments:
Didn't Andy comment that NO ONE has actually made into the program but came close...why continue a failed program? Why would anyone get a discount? Why not all just pay the same rate? Why do they keep justifying picking winners and losers?
See on pg 196 on tonight's agenda for the 1.20.15 meeting, they are still moving forward w/their addiction to OPM (Other peoples money) and getting the Electric appraisal when another would be required at the time of an actual sale.
Sell the 8-9 MILLION DOLLAR general fund cash cow? NOT GONNA HAPPEN!
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