Legal Documents of Maryville

The rate schedules of the Maryville Electric Department shall be adjusted based on changes in the Fuel Cost Adjustment (FCA) charged to the city by TVA for wholesale power each quarter. Such costs shall be assessed in a uniform manner to retail power customers based on power usage so that the City of Maryville Electric Department acts only as a "pass through" organization for recouping such costs of the FCA. The City of Maryville Electric Department shall realize no additional revenue itself as a result of the FCA. Such adjustments to the rate schedule for the FCA may be done as needed by the City of Maryville Electric Department without return to council for further approval of the amended rate structure so long as the requirements of this section are met. (1999 Code, § 20-102)