City of Gastonia Economic Re-Development Rider (ERD)
Availability
This Rider is available only to new commercial or industrial loads which begin receiving service after April 1, 2006 at an existing facility served, or previously served, by the City of Gastonia which has been vacant for at least six months. This Rider is available in conjunction with service under any of the City's commercial or industrial electric rate schedules. The demand of the new load must equal or exceed 1,000 kW during at least three months of a twelve-month period.
Any Customer desiring to receive service under this Rider shall provide written notification to the City of such desire. Such notice shall provide the City with information concerning the load to be served and the Customers' facilities and shall provide the basis of the City representation that the characteristics of the load will meet the minimum eligibility requirements of the electric rate schedule to which this Rider applies.
All terms and conditions of the electric rate schedule applicable to the Customer shall apply to service supplied to the Customer except as modified by this Rider.
Monthly Credit
The Customer will receive a Monthly Credit on the bill calculated on the then-effective electric rate, whichever is applicable to the Customer. The schedule of Monthly Credits will be calculated as described below under the heading "Application of Credit."
Application of Credit
Beginning with the date on which serivce under the then-effective electric rate is to commence for the eligible load, a Monthly Credit based on the following schedule will be applied to the total bill, including Basic Facilities Charge, Demand Charges, Energy Charges, or Minimum Bill, excluding other applicable riders and special charges, if any.
- Months 1-12, 50% discount
- After Month 12, 0% discount
Contract Period
Prior to receiving service under this Rider, the Customer must enter into a contract to purchase electricity from the City for a minimum period of ten years. Either party can terminate the contract at the end of the original term upon sixty days prior written notice.
