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HomeMy WebLinkAbout~Master - Establishing Residential, Commercial, and Industrial Renewable Buyback Rates ORDINANCE NO. 4301 AN ORDINANCE TO AMEND THE MUNICIPAL CODE OF THE CITY OF AMES,IOWA,BY REPEALING SECTION 28.109(1)(b)AND ENACTING A NEW SECTION 28.109(1)(b) THEREOF, FOR THE PURPOSE OF ESTABLISHING RESIDENTIAL, COMMERCIAL AND INDUSTRIAL RENEWABLE BUYBACK RATES; REPEALING ANY AND ALL ORDINANCES OR PARTS OF ORDINANCES IN CONFLICT TO THE EXTENT OF SUCH CONFLICT; AND ESTABLISHING AN EFFECTIVE DATE. BE IT ENACTED,by the City Council for the City of Ames, Iowa,that: Section One. The Municipal Code of the City of Ames, Iowa shall be and the same is hereby amended by enacting aNew Section 28.109(1)(b)as follows: "Sec.28.109. Renewable Energy Buyback Rates. Renewable electrical energy produced by an Ames Electric Utility customer and delivered to the City's electric system (in accordance with the conditions of service specified in Section 2.7 of Appendix H of the Ames Municipal Code)shall receive a credit to their utility account as follows: (1) Residential service.A residential rate customer's account shall be credited: (b)40%of$0.0966 per kWh,plus$0.025=$0.0636 per kWh of delivered energy for bills mailed on or between November 1 and June 30(winter period)." Section Two. All ordinances,or parts of ordinances,in conflict herewith are hereby repealed to the extent of such conflict, if any. Section Three. This ordinance shall have an effective date commencing on March 1,2017,and shall be in full force and effect from that date forward,after its passage and publication as required by law. Passed this 25`h day of April,2017. c4t&a � drin� Diane R.Voss, City Clerk Ann H. Campbell,Mayor