HOW YOUR LOCAL UTILITY STACKS UP 90% OF UC’S SMALL BUSINESSES (up to 10,000 kWh/month) PAY LOWER ELECTRIC RATES THAN FPL’S. OUR RESIDENTIAL ELECTRIC RATES ARE IN THE LOWEST THIRD OF FLORIDA’S 57 ELECTRIC PROVIDERS. THE UC IS CURRENTLY REVIEWING FUEL AND PURCHASED POWER COSTS FOR POSSIBLE 2010 RATE REDUCTION. THE UC IS A LOW-COST WATER/ WASTEWATER PROVIDER. THE UC IS NON-TAXING AND COST-BASED WHICH ENABLES REINVESTMENT IN OUR UTILITY SYSTEMS AND A STEADY CASH FLOW TO THE CITY OF NSB. OUR LARGE COMMERCIAL ELECTRIC RATES ARE ALSO IN THE LOWEST THIRD OF THE STATE. THE UC IS CONTINUING THE EXPLORATION OF ALTERNATIVE ENERGY TECHNOLOGIES, IN ADDITION TO ONGOING CONSERVATION EFFORTS. UTILITIES COMMISSION, CITY OF NEW SMYRNA BEACH, FLORIDA For further details, please come see us at 200 Canal Street or visit our website, www.ucnsb.org Informational Fact Sheet Regarding Your Utilities Commission and Commercial Utility Rates Due to the current economy, any spending has become a concern in everyone’s budget. This informational sheet was developed to provide you with a further understanding of Utilities Commission (UC) rates as your local, low-cost utility provider. Attached is the Florida Municipal Electric Association’s (FMEA) October 2009 electric rate comparison which includes comparisons of Florida’s listed 33 municipal power systems and four investor-owned electric companies and 15 cooperatives. Rates are complex and very hard to compare fairly, “apples to apples.” For example, each system has varying non-inclusive rate charges such as franchise fees, payments to their city general funds, acquisition surcharges, and outside city surcharges. For the Utilities Commission (UC), the required 6% payment to the City of New Smyrna Beach is “embedded” in our rates. In order to make a relative comparison with the closest investor-owned utility (IOU), Florida Power & Light (FPL), an average of 6% was added in the residential rates by FMEA for comparison purposes (the 6% needs to be added for commercial rate comparisons and for cooperative comparisons). There are also varying customer rate classes and varying rates within the consumption blocks of those classes. To assist in understanding the comparisons, brief statements follow: [1] As previously provided in a UC bill insert in October, the Utilities Commission’s electric costs are in the lowest third of residential electric providers when compared to the listed 33 municipal electric providers and to the 57 total providers within the State of Florida. In the attached comparison, when compared to FPL (IOU), the UC rate is higher for customers in the 1,000 kWh consumption block. According to FPL’s rate structure, the UC block rates are lower than FPL’s block rates from 1,000 kWh to 2,500 kWh. As shown in the attached comparison the UC residential rates are lower than FPL for customers at 2,500 kWh of total consumption. [2] Regarding non-demand and small demand commercial customers (“small businesses”), the UC’s electric costs are below the 5 lowest cost municipal systems and the UC’s rates are lower than FPL’s for customers below the 40 KW – 10,000 kWh consumption level. Approximately 90% of New Smyrna Beach’s small businesses are included in the 40 KW – 10,000 kWh consumption level and pay less than FPL. [3] Regarding the Utilities Commission’s rates for large demand and/or industrial customers, above the 300 KW – 60,000 kWh consumption level, the UC’s electric costs are again in the lowest third of commercial electric providers in the State. The UC rates in this customer class are higher than FPL’s. This 10% of the UC’s commercial customers, which includes the electric usage at the UC’s water and wastewater plants, fall within the large demand rate class. Some other utilities and some investor-owned utilities provide rate subsidies, usually for large commercial and industrial customers; the UC has no rate subsidies. FPL’s President & CEO, Armando J. Olivera, recently stated in a letter to its customers, dated September 9, 2009, regarding its current rate proposal to the Florida Public Service Commission, “Our proposal would eliminate an historic imbalance in rates that has resulted in residential customers and small businesses effectively subsidizing our largest customers”. [4] The UC has carried and recovered an approximate $4.5 million balance in fuel and purchased power costs for over a year to maintain lower electric rates and to assist our customers. The UC is currently reviewing fuel and purchased power costs for possible rate reductions in 2010. Informational Fact Sheet Regarding Your Utilities Commission and Commercial Utility Rates (cont.) [5] The UC is a non-taxing, legislatively-created municipal utility service provider. Due to our existing regulations and bond covenants for cost-based services, no customer class does or is allowed to subsidize another. These requirements extend to all UC services, i.e., no free services are allowed and UC customers do not subsidize new developments and/or businesses nor do UC customers incur the financial risks for private projects. These requirements also protect the UC ratepayers, the rate revenues, and enables dedicated, continued reinvestment in and maintenance of our utility systems and facilities while providing a steady cash flow to the City of New Smyrna Beach. [6] The UC is also a low cost water, wastewater, and reuse water service provider. Currently, many municipal water/wastewater providers are often subsidized by taxes and are now facing insufficient revenues with deficiently maintained systems. As reported in local newspapers, many of those municipal systems are now requesting or implementing large rate increases. Thank you for allowing us to provide you with this information and for taking your time to learn more about your local utility provider. FUEL 170 150 FUEL BASE BASE FORT MEADE VERO BEACH FORT PIERCE KEY WEST BASE BASE FUEL BUSHNELL LEESBURG BASE BASE BASE BASE BASE BASE BASE BASE BASE BASE BASE BASE BASE HOMESTEAD QUINCY TALLAHASSEE GREEN COVE SPRINGS GAINESVILLE BLOUNTSTOWN HAVANA BARTOW NEWBERRY MOUNT DORA JACKSONVILLE BEACH OCALA STARKE FUEL FUEL FUEL FUEL FUEL FUEL ST. CLOUD WAUCHULA BASE BASE FUEL NEW SMYRNA BEACH KISSIMMEE BASE FUEL BASE WILLISTON FUEL FUEL FUEL FUEL FUEL FUEL BASE FUEL 10 FUEL BASE 20 FUEL 70 LAKE WORTH CLEWISTON ORLANDO CHATTAHOOCHEE WINTER PARK Complied by: Florida Municipal Electric Association - www.publicpower.com FUEL 140 FUEL 120 BASE BASE BASE BASE 60 FUEL FUEL BASE BASE ALACHUA LAKELAND MOORE HAVEN JACKSONVILLE * Includes average 6% franchise fee FUEL 110 FUEL FUEL 130 Municipal Average = $132.37 ---------- * IOU Average = $121.94 180 FUEL BASE 30 BASE BASE BASE 40 FUEL 80 FUEL 90 FUEL 50 FUEL 100 $/1,000 kWh Lowest to Highest Residential Bill Comparison, October 2009 160 FUEL 150 140 170 FUEL FUEL FUEL FUEL BASE WINTER PARK WILLISTON WAUCHULA BASE BASE VERO BEACH QUINCY ST. CLOUD STARKE TALLAHASSEE BASE BASE BASE BASE BASE BASE NEWBERRY OCALA ORLANDO BASE NEW SMYRNA BEACH BASE BASE MOUNT DORA MOORE HAVEN BASE BASE LEESBURG LAKELAND BASE BASE LAKE WORTH KISSIMMEE KEY WEST JACKSONVILLE BEACH JACKSONVILLE HOMESTEAD GAINESVILLE FORT MEADE Compiled by: Florida Municipal Electric Association - www.publicpower.com FUEL BASE BASE BASE BASE BASE BASE BASE BASE CLEWISTON FORT PIERCE BASE CHATTAHOOCHEE BASE BASE BUSHNELL BLOUNTSTOWN BARTOW ALACHUA * Includes average 6% franchise fee. FUEL FUEL FUEL FUEL FUEL FUEL FUEL FUEL FUEL FUEL FUEL FUEL FUEL FUEL 10 HAVANA FUEL 20 BASE 30 FUEL 80 GREEN COVE SPRINGS 90 BASE FUEL FUEL FUEL BASE 60 FUEL 130 Municipal Average = $132.37 ---------- * IOU Average = $121.94 180 FUEL BASE 70 FUEL 120 FUEL FUEL 40 BASE BASE 50 FUEL 100 FUEL 110 $/1,000 kWh Residential Bill Comparison, October 2009 160 COMPARISON OF RESIDENTIAL ELECTRIC RATES COMPILED BY FLORIDA MUNICIPAL ELECTRIC ASSOCIATION, INC. - www.publicpower.com October 2009 1,000 KWH Customer Charge CITY ALACHUA BARTOW BLOUNTSTOWN BUSHNELL CHATTAHOOCHEE CLEWISTON FORT MEADE FORT PIERCE GAINESVILLE GREEN COVE SPRINGS HAVANA HOMESTEAD JACKSONVILLE JACKSONVILLE BEACH KEY WEST KISSIMMEE LAKE WORTH LAKELAND LEESBURG MOORE HAVEN MOUNT DORA NEW SMYRNA BEACH NEWBERRY OCALA ORLANDO QUINCY ST. CLOUD STARKE TALLAHASSEE VERO BEACH WAUCHULA WILLISTON WINTER PARK FL POWER & LIGHT * GULF POWER * PROGRESS ENERGY* TAMPA ELECTRIC** AR AR AR AR G AR AR G G AR G, AR G, AR G, AR G AR G AR AR G G AR G G, AR G G G G 8.00 6.70 3.50 7.40 6.50 6.50 12.96 6.01 8.45 6.00 6.00 5.60 5.50 4.50 6.75 10.17 8.50 8.00 10.41 8.50 8.44 5.65 7.50 9.33 8.00 6.00 8.32 N/A 6.32 7.21 8.62 8.00 9.35 0.00 5.52 10.00 8.84 10.50 Base Rate (Includes Customer Charge) 87.80 68.52 131.71 98.05 90.10 93.20 90.86 95.84 74.45 90.50 89.50 77.60 66.30 78.07 139.95 133.27 122.40 59.54 86.83 83.30 93.11 82.10 81.00 84.63 77.75 85.65 80.86 75.95 64.80 83.31 85.62 89.84 74.20 0.00 52.27 60.85 68.13 53.96 Fuel or Cost Adjustment 30.50 67.74 0.00 50.00 29.61 30.15 82.00 54.00 56.00 39.88 45.97 48.95 44.16 59.84 13.60 -9.68 1.00 54.25 57.75 27.40 43.32 41.70 55.36 55.21 42.07 43.20 43.75 65.50 64.70 75.51 40.53 53.40 44.17 0.00 53.51 57.58 56.00 47.99 A Total 118.30 136.26 131.71 148.05 119.71 123.35 172.86 149.84 130.45 130.38 135.47 126.55 110.46 137.91 153.55 123.59 123.40 113.79 144.58 110.70 136.43 123.80 136.36 139.84 119.82 128.85 124.61 141.45 129.50 158.82 126.15 143.24 118.37 0.00 105.78 118.43 124.13 111.80 Total with 6% franchise fee payment* 112.13 125.54 131.58 118.51 2,500 KWH Base Rate (Includes Customer Charge) 207.50 161.25 324.02 234.03 178.00 223.50 207.71 242.30 227.45 221.00 214.75 185.60 157.50 188.43 339.75 349.55 337.80 149.34 201.46 195.50 220.12 196.77 191.25 197.58 197.38 205.13 205.27 230.02 152.52 197.46 201.12 212.60 188.95 0.00 138.42 137.13 173.58 134.15 Fuel or Cost Adjustment 76.25 169.35 0.00 125.00 74.02 75.38 205.00 135.00 140.00 99.70 114.93 122.38 110.40 149.60 34.00 -24.20 2.50 135.63 144.38 68.50 108.29 104.25 138.40 138.03 120.18 108.00 124.98 163.75 161.75 188.78 101.33 133.50 125.43 0.00 148.78 143.95 155.00 134.98 B Total 283.75 330.60 324.02 359.03 252.02 298.88 412.71 377.30 367.45 320.70 329.68 307.98 267.90 338.03 373.75 325.35 340.30 284.97 345.84 264.00 328.41 301.02 329.65 335.61 317.55 313.13 330.25 393.77 314.27 386.24 302.45 346.10 314.38 0.00 287.20 281.08 328.58 293.77 Total with 6% franchise fee payment* 304.43 297.94 348.29 311.40 Additional Tax 10% 10% 5% 10% NONE 10% 10% 10% 10% NONE NONE 10% 10% NONE NONE 8% 10% 10% 10% 10% 10% 9.25% 10% 10% 10% NONE 8% 10% 10% 10% 10% 5% 10% 0% APPL TAXES ADD ADD *Rates for municipal utilities INCLUDE payment-in-lieu of tax to the city's general fund. Rates for investor-owned utilities DO NOT INCLUDE franchise fee payments. Columns A and B include average 6% franchise fee for IOUs. AR = FMPA All Requirements: G = Generating utility. **Total includes conservation, capacity, environmental and refund credit (if applicable). COMPARISON OF COMMERCIAL ELECTRIC RATES COMPILED BY FLORIDA MUNICIPAL ELECTRIC ASSOCIATION, INC. - www.publicpower.com Non-Demand - 750 KWH CITY ALACHUA BARTOW BLOUNTSTOWN BUSHNELL CHATTAHOOCHEE CLEWISTON FORT MEADE FORT PIERCE GAINESVILLE GREEN COVE SPRINGS HAVANA HOMESTEAD JACKSONVILLE JACKSONVILLE BEACH KEY WEST KISSIMMEE LAKE WORTH LAKELAND LEESBURG MOORE HAVEN MOUNT DORA NEW SMYRNA BEACH NEWBERRY OCALA ORLANDO QUINCY ST. CLOUD STARKE TALLAHASSEE VERO BEACH WAUCHULA WILLISTON WINTER PARK FL POWER & LIGHT * GULF POWER * PROGRESS ENERGY* TAMPA ELECTRIC** Base Rate (Includes Fuel or Cost Customer Adjustment Charge) 74.00 66.70 114.70 85.30 64.58 89.33 80.51 78.57 72.54 74.25 68.63 67.42 50.79 61.18 106.77 111.80 104.48 50.68 73.00 74.43 82.49 61.92 70.28 68.56 64.64 124.75 67.23 76.50 39.82 66.01 85.10 79.04 61.48 0.00 47.96 56.17 56.92 45.72 22.88 50.81 0.00 37.50 22.21 22.61 61.50 40.50 42.00 29.91 34.48 36.71 33.12 44.88 10.20 -7.26 0.75 40.69 43.31 20.55 32.49 31.28 41.52 41.41 33.63 32.88 34.97 49.13 48.53 56.63 30.40 40.05 36.25 0.00 42.71 43.19 44.50 38.62 Total 96.88 117.51 114.70 122.80 86.79 111.94 142.01 119.07 114.54 104.16 103.11 104.13 83.91 106.06 116.97 104.54 105.23 91.37 116.31 94.98 114.98 93.20 111.80 109.97 98.27 157.53 102.20 125.63 88.34 122.64 115.50 119.09 97.73 0.00 90.67 99.36 101.42 91.51 Non-Demand - 1,500 KWH Base Rate (Includes Customer Charge) 140.00 126.70 222.40 163.19 121.65 164.85 143.73 151.30 121.37 142.50 131.25 127.19 92.77 116.36 206.22 212.52 202.05 91.36 135.59 140.35 146.00 117.80 133.05 124.90 119.03 249.30 123.79 144.00 71.72 123.98 143.60 143.07 110.62 0.00 87.13 99.34 102.16 80.84 Fuel or Cost Adjustment 45.75 101.61 0.00 75.00 44.41 45.23 123.00 81.00 84.00 59.82 68.96 73.43 66.24 89.76 20.40 -14.52 1.50 81.38 86.63 41.10 64.98 62.55 83.04 82.82 67.26 64.80 69.95 98.25 97.05 113.27 60.80 80.10 72.52 0.00 85.43 86.37 89.00 77.24 Total 185.75 228.31 222.40 238.19 166.06 210.08 266.73 232.30 205.37 202.32 200.21 200.62 159.01 206.12 226.62 198.00 203.55 172.74 222.21 181.45 210.98 180.35 216.09 207.72 186.29 314.10 193.74 242.25 168.77 237.25 204.40 223.17 183.14 0.00 172.56 185.71 191.15 172.51 30 KW - 6,000 KWH Base Rate (Includes Fuel or Cost Customer Adjustment Charge) 546.60 523.28 868.59 630.55 464.10 639.70 523.08 628.74 558.68 631.00 507.00 569.37 344.68 447.42 802.92 930.94 992.10 377.45 527.67 594.80 469.40 453.05 509.70 504.45 456.06 492.22 474.30 549.00 444.98 513.78 619.10 0.00 371.50 0.00 369.33 345.08 329.51 292.26 40 KW-10,000 KWH Total 183.00 729.60 406.44 929.72 0.00 868.59 300.00 930.55 177.65 641.75 180.90 820.60 492.00 1,015.08 324.00 952.74 336.00 894.68 239.27 870.27 275.82 782.82 293.70 863.07 262.96 609.64 359.04 806.46 81.60 884.52 -58.08 872.86 6.00 998.10 325.50 702.95 874.17 346.50 164.40 759.20 259.90 729.30 250.20 703.25 332.16 841.86 331.26 835.71 269.04 725.10 379.20 871.42 279.78 754.08 393.00 942.00 388.20 833.18 453.06 966.84 243.18 862.28 0.00 0.00 290.04 661.54 0.00 0.00 341.64 710.97 345.48 690.56 355.98 685.49 308.94 658.50 Base Rate (Includes Fuel or Cost Customer Adjustment Charge) 836.50 771.18 1,442.98 1,046.00 768.50 1,002.50 860.25 954.00 751.50 955.00 841.00 861.47 568.60 741.70 1,333.32 1,425.64 1,536.00 539.08 793.12 878.50 723.47 751.05 844.50 758.95 660.10 739.77 686.50 909.00 609.00 793.48 933.80 0.00 565.82 0.00 515.73 497.60 500.59 480.10 305.00 677.40 0.00 500.00 296.09 301.50 820.00 540.00 560.00 398.79 459.70 489.50 441.60 598.40 136.00 -96.80 10.00 542.50 577.50 274.00 433.17 417.00 553.60 552.10 448.40 592.00 466.30 655.00 647.00 755.10 405.30 0.00 483.40 0.00 569.40 575.80 593.30 514.90 Total 1,141.50 1,448.58 1,442.98 1,546.00 1,064.59 1,304.00 1,680.25 1,494.00 1,311.50 1,353.79 1,300.70 1,350.97 1,010.20 1,340.10 1,469.32 1,328.84 1,546.00 1,081.58 1,370.62 1,152.50 1,156.64 1,168.05 1,274.50 1,311.05 1,108.50 1,331.77 1,152.80 1,600.60 1,256.00 1,548.58 1,339.10 0.00 1,049.22 0.00 1,085.13 1,073.40 1,093.89 1,090.50 *Rates for municipal utilities INCLUDE payment-in-lieu of tax to the city's general fund. Rates for investor-owned utilities DO NOT INCLUDE franchise fee payments, which average 6% across Florida. AR = FMPA All Requirements: G = Generating utility. **Total includes conservation, capacity, environmental and refund credit (if applicable). 11/18/2009 Page # 2 COMPARISON OF COMMERCIAL ELECTRIC RATES COMPILED BY FLORIDA MUNICIPAL ELECTRIC ASSOCIATION, INC. - www.publicpower.com 75 KW - 15,000 KWH CITY ALACHUA BARTOW BLOUNTSTOWN BUSHNELL CHATTAHOOCHEE CLEWISTON FORT MEADE FORT PIERCE GAINESVILLE GREEN COVE SPRINGS HAVANA HOMESTEAD JACKSONVILLE JACKSONVILLE BEACH KEY WEST KISSIMMEE LAKE WORTH LAKELAND LEESBURG MOORE HAVEN MOUNT DORA NEW SMYRNA BEACH NEWBERRY OCALA ORLANDO QUINCY ST. CLOUD STARKE TALLAHASSEE VERO BEACH WAUCHULA WILLISTON WINTER PARK FL POWER & LIGHT * GULF POWER * PROGRESS ENERGY* TAMPA ELECTRIC** Base Rate (Includes Customer Charge) 1,332.75 1,279.73 0.00 1,684.70 1,149.00 1,537.00 1,281.78 1,512.90 1,341.67 1,540.00 1,258.50 1,369.92 1,124.45 1,542.80 2,236.32 2,244.04 0.00 898.61 1,315.27 1,436.75 1,145.01 1,514.75 1,384.50 1,246.04 1,095.15 1,206.75 1,138.95 1,395.00 1,033.40 1,228.83 1,450.25 0.00 909.52 0.00 871.98 810.20 806.24 902.25 Fuel or Cost Adjustment 75 KW - 30,000 KWH Total Base Rate (Includes Fuel or Cost Customer Adjustment Charge) 457.50 1,016.10 0.00 750.00 444.14 452.25 1,230.00 810.00 840.00 598.19 689.55 734.25 662.40 897.60 204.00 -145.20 1,790.25 2,295.83 0.00 2,434.70 1,593.14 1,989.25 2,511.78 2,322.90 2,181.67 2,138.19 1,948.05 2,104.17 1,786.85 2,440.40 2,440.32 2,098.84 2,196.75 1,878.23 0.00 2,787.95 2,290.50 2,762.50 2,404.10 2,478.75 1,840.44 2,455.00 2,511.00 2,226.42 1,571.15 2,431.85 3,907.32 3,765.79 813.75 866.25 411.00 649.76 625.50 830.40 828.15 672.60 948.00 699.45 982.50 970.50 1,132.65 607.95 0.00 725.10 0.00 854.10 863.70 889.95 772.35 1,712.36 2,181.52 1,847.75 1,794.77 2,140.25 2,214.90 2,074.19 1,767.75 1,554.75 1,838.40 2,377.50 2,003.90 2,361.48 2,058.20 0.00 1,634.62 0.00 1,726.08 1,673.90 1,696.19 1,795.80 1,242.23 1,925.17 2,161.25 1,924.53 2,489.75 2,004.00 1,912.49 1,560.30 2,113.50 1,622.70 2,709.00 1,282.85 2,134.83 2,425.25 0.00 1,470.22 0.00 1,132.23 1,178.90 1,294.79 1,128.15 915.00 2,032.20 0.00 1,500.00 888.27 904.50 2,460.00 1,620.00 1,680.00 1,196.37 1,379.10 1,468.50 1,324.80 1,795.20 408.00 -290.40 0.00 1,627.50 1,732.50 822.00 1,299.51 1,251.00 1,660.80 1,656.30 1,345.20 1,596.00 1,398.90 1,965.00 1,941.00 2,265.30 1,215.90 0.00 1,450.20 0.00 1,708.20 1,727.40 1,779.90 1,544.70 Total 150 KW - 30,000 KWH Base Rate (Includes Customer Charge) Fuel or Cost Adjustment Total 150 KW - 60,000 KWH Base Rate (Includes Customer Charge) Fuel or Cost Adjustment Total 3,111.75 3,910.43 0.00 4,287.95 3,178.77 3,667.00 4,864.10 4,098.75 3,520.44 3,651.37 3,890.10 3,694.92 2,895.95 4,227.05 4,315.32 3,475.39 2,643.00 2,540.48 0.00 3,346.70 2,606.03 3,032.50 3,110.60 2,986.50 2,422.34 3,055.00 2,511.00 2,704.17 2,168.90 3,069.35 4,451.82 4,432.54 915.00 2,032.20 0.00 1,500.00 888.27 904.50 2,460.00 1,620.00 1,680.00 1,196.37 1,379.10 1,468.50 1,324.80 1,795.20 408.00 -290.40 3,558.00 4,572.68 0.00 4,846.70 3,494.30 3,937.00 5,570.60 4,606.50 4,102.34 4,251.37 3,890.10 4,172.67 3,493.70 4,864.55 4,859.82 4,142.14 4,371.00 3,737.48 0.00 5,553.20 4,457.03 5,483.50 4,718.60 4,918.20 3,419.88 4,885.00 5,016.00 4,417.17 3,062.30 4,847.45 7,793.82 7,476.04 1,830.00 4,064.40 0.00 3,000.00 1,776.54 1,809.00 4,920.00 3,240.00 3,360.00 2,392.74 2,758.20 2,937.00 2,649.60 3,590.40 816.00 -580.80 6,201.00 7,801.88 0.00 8,553.20 6,233.57 7,292.50 9,638.60 8,158.20 6,779.88 7,277.74 7,774.20 7,354.17 5,711.90 8,437.85 8,609.82 6,895.24 2,869.73 3,657.67 2,983.25 3,224.04 3,740.75 3,664.80 3,568.79 2,905.50 3,709.50 3,021.60 4,674.00 3,223.85 4,400.13 3,641.15 0.00 2,920.42 0.00 2,840.43 2,906.30 3,074.69 2,924.25 1,767.23 2,608.42 2,840.00 2,271.03 2,996.00 2,754.00 2,509.78 2,160.30 2,413.50 2,246.70 2,709.00 2,014.10 2,420.58 2,835.50 0.00 1,806.22 0.00 1,709.73 1,585.40 1,600.79 1,747.50 1,627.50 1,732.50 822.00 1,299.51 1,251.00 1,660.80 1,656.30 1,345.20 1,896.00 1,398.90 1,965.00 1,941.00 2,265.30 1,215.90 0.00 1,450.20 0.00 1,708.20 1,727.40 1,779.90 1,544.70 3,394.73 4,340.92 3,662.00 3,570.54 4,247.00 4,414.80 4,163.08 3,505.50 4,309.50 3,645.60 4,674.00 3,955.10 4,685.88 4,051.40 0.00 3,256.42 0.00 3,417.93 3,312.80 3,380.69 3,534.60 2,454.45 3,828.22 4,289.00 3,830.07 4,946.00 3,993.00 3,810.88 3,090.60 4,227.00 3,214.20 5,409.00 2,513.00 4,232.58 4,785.50 0.00 2,927.62 0.00 2,230.23 2,322.80 2,577.89 2,199.30 3,255.00 3,465.00 1,644.00 2,599.02 2,502.00 3,321.60 3,312.60 2,690.40 3,192.00 2,797.80 3,930.00 3,882.00 4,530.60 2,431.80 0.00 2,900.40 0.00 3,416.40 3,454.80 3,559.80 3,089.40 5,709.45 7,293.22 5,933.00 6,429.09 7,448.00 7,314.60 7,123.48 5,781.00 7,419.00 6,012.00 9,339.00 6,395.00 8,763.18 7,217.30 0.00 5,828.02 0.00 5,646.63 5,777.60 6,137.69 5,791.50 *Rates for municipal utilities INCLUDE payment-in-lieu of tax to the city's general fund. Rates for investor-owned utilities DO NOT INCLUDE franchise fee payments, which average 6% across Florida. AR = FMPA All Requirements: G = Generating utility. **Total includes conservation, capacity, environmental and refund credit (if applicable). 11/18/2009 Page # 3 COMPARISON OF COMMERCIAL/INDUSTRIAL ELECTRIC RATES COMPILED BY FLORIDA MUNICIPAL ELECTRIC ASSOCIATION, INC. - www.publicpower.com 300 KW - 60,000 KWH CITY ALACHUA BARTOW BLOUNTSTOWN BUSHNELL CHATTAHOOCHEE CLEWISTON FORT MEADE FORT PIERCE GAINESVILLE GREEN COVE SPRINGS HAVANA HOMESTEAD JACKSONVILLE JACKSONVILLE BEACH KEY WEST KISSIMMEE LAKE WORTH LAKELAND LEESBURG MOORE HAVEN MOUNT DORA NEW SMYRNA BEACH NEWBERRY OCALA ORLANDO QUINCY ST. CLOUD STARKE TALLAHASSEE VERO BEACH WAUCHULA WILLISTON WINTER PARK FL POWER & LIGHT * GULF POWER * PROGRESS ENERGY* TAMPA ELECTRIC** Base Rate (Includes Customer Charge) Fuel or Cost Adjustment 300 KW - 120,000 KWH Total Base Rate (Includes Customer Charge) Fuel or Cost Adjustment Total 500 KW - 100,000 KWH Base Rate (Includes Customer Charge) Fuel or Cost Adjustment Total 500 KW - 200,000 KWH Base Rate (Includes Customer Charge) Fuel or Cost Adjustment Total 5,263.50 5,061.98 0.00 6,670.70 5,210.60 6,023.50 6,131.60 5,933.70 4,583.66 6,085.00 5,016.00 5,372.67 4,257.80 6,122.45 8,882.82 8,809.54 1,830.00 4,064.40 0.00 3,000.00 1,776.54 1,809.00 4,920.00 3,240.00 3,360.00 2,392.74 2,758.20 2,937.00 2,649.60 3,590.40 816.00 -580.80 7,093.50 9,126.38 0.00 9,670.70 6,987.14 7,832.50 11,051.60 9,173.70 7,943.66 8,477.74 7,774.20 8,309.67 6,907.40 9,712.85 9,698.82 8,228.74 8,719.50 7,455.98 0.00 11,083.70 8,912.60 10,925.50 9,347.60 9,797.10 6,578.77 9,745.00 10,026.00 8,798.67 6,044.60 9,678.65 15,566.82 14,896.54 3,660.00 8,128.80 0.00 6,000.00 592.18 3,618.00 9,840.00 6,480.00 6,720.00 4,785.48 5,516.40 5,874.00 5,299.20 7,180.80 1,632.00 -1,161.60 12,379.50 15,584.78 0.00 17,083.70 9,504.78 14,543.50 19,187.60 16,277.10 13,298.77 14,530.48 15,542.40 14,672.67 11,343.80 16,859.45 17,198.82 13,734.94 8,758.50 8,423.98 0.00 11,102.70 8,682.10 10,011.50 10,159.60 9,863.30 7,465.47 10,125.00 8,356.00 8,930.67 7,043.00 10,193.25 14,790.82 15,446.12 3,050.00 6,774.00 0.00 5,000.00 2,960.90 3,015.00 8,200.00 5,400.00 5,600.00 3,987.90 4,597.00 4,895.00 4,416.00 5,984.00 1,360.00 -968.00 11,808.50 15,197.98 0.00 16,102.70 11,643.00 13,026.50 18,359.60 15,263.30 13,065.47 14,112.90 12,953.00 13,825.67 11,459.00 16,177.25 16,150.82 14,478.12 17,492.50 12,413.98 0.00 18,457.70 14,852.10 18,181.50 15,519.60 16,302.30 10,790.61 16,225.00 16,706.00 14,640.67 10,021.00 16,120.25 25,930.82 24,755.12 6,100.00 13,548.00 0.00 10,000.00 5,921.80 6,030.00 16,400.00 10,800.00 11,200.00 7,975.80 9,194.00 9,790.00 8,832.00 11,968.00 2,720.00 -1,936.00 23,592.50 25,961.98 0.00 28,457.70 20,773.90 24,211.50 31,919.60 27,102.30 21,990.61 24,200.80 25,900.00 24,430.67 18,853.00 28,088.25 28,650.82 22,819.12 3,504.45 5,194.72 5,646.50 4,523.07 5,583.50 5,085.00 5,036.90 4,290.60 4,827.00 4,462.20 5,409.00 3,975.50 4,804.08 5,605.00 0.00 3,599.62 0.00 3,385.23 3,135.80 3,189.89 3,438.00 3,255.00 3,465.00 1,644.00 2,599.02 2,502.00 3,321.60 3,312.60 2,690.40 3,792.00 2,797.80 3,930.00 3,882.00 4,530.60 2,431.80 0.00 2,900.40 0.00 3,416.40 3,454.80 3,559.80 3,089.40 6,759.45 8,659.72 7,290.50 7,122.09 8,085.50 8,406.60 8,349.50 6,981.00 8,619.00 7,260.00 9,339.00 7,857.50 9,334.68 8,037.80 0.00 6,500.02 0.00 6,801.63 6,590.60 6,749.69 7,012.20 4,878.90 7,634.32 8,544.50 7,641.15 9,183.50 7,425.00 7,637.30 6,151.20 8,454.00 6,397.20 10,809.00 4,973.30 8,428.08 9,506.00 0.00 5,842.42 0.00 4,426.23 4,610.60 5,144.09 4,341.60 6,510.00 6,930.00 3,288.00 5,198.04 5,004.00 6,643.20 6,625.20 5,380.80 6,384.00 5,595.60 7,860.00 7,764.00 9,061.20 4,863.60 0.00 5,800.80 0.00 6,832.80 6,909.60 7,119.60 6,178.80 11,388.90 14,564.32 11,832.50 12,839.19 14,187.50 12,585.00 14,262.50 11,532.00 14,838.00 11,992.80 18,669.00 12,737.30 17,489.28 14,369.60 0.00 11,643.22 0.00 11,259.03 11,520.20 12,263.69 11,526.00 6,014.75 8,643.12 9,388.50 7,525.79 9,283.50 8,445.00 8,705.45 7,131.00 8,045.00 7,416.20 9,009.00 6,548.70 7,982.08 9,300.00 0.00 5,907.16 0.00 6,043.11 6,204.00 5,233.18 5,692.00 5,425.00 5,775.00 2,740.00 4,331.70 4,170.00 5,536.00 5,521.00 4,484.00 6,320.00 4,663.00 6,550.00 6,470.00 7,551.00 4,053.00 0.00 4,785.66 0.00 5,689.00 5,664.00 5,874.00 5,149.00 11,439.75 14,418.12 12,128.50 11,857.49 13,453.50 13,981.00 14,226.45 11,615.00 14,365.00 12,079.20 15,559.00 13,018.70 15,533.08 13,353.00 0.00 10,692.82 0.00 11,732.11 11,868.00 11,107.18 11,649.00 8,074.50 12,709.12 14,218.50 12,722.59 15,283.50 12,345.00 13,118.45 10,232.00 14,090.00 10,641.20 18,009.00 8,169.70 14,022.08 15,800.00 0.00 9,607.78 0.00 7,466.11 7,878.00 8,457.38 7,198.00 10,850.00 11,550.00 5,480.00 8,663.40 8,340.00 11,072.00 11,042.00 8,968.00 10,640.00 9,326.00 13,100.00 12,940.00 15,102.00 8,106.00 0.00 9,571.32 0.00 11,378.00 11,328.00 11,748.00 10,298.00 18,924.50 24,259.12 19,698.50 21,385.99 23,623.50 23,417.00 24,160.45 19,200.00 24,730.00 19,967.20 31,109.00 21,109.70 29,124.08 23,906.00 0.00 19,179.10 0.00 18,844.11 19,206.00 20,205.38 19,172.00 Addition al Tax 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% *Rates for municipal utilities INCLUDE payment-in-lieu of tax to the city's general fund. Rates for investor-owned utilities DO NOT INCLUDE franchise fee payments, which average 6% across Florida. AR = FMPA All Requirements: G = Generating utility. **Total includes conservation, capacity, environmental and refund credit (if applicable). 11/18/2009 Page # 4 FLORIDA ELECTRIC COOPERATIVES ASSOCIATION RESIDENTIAL RATE COMPARISON REPORT Oct-09 COOPERATIVE 500 KWH 750 KWH 1000 KWH 1500 KWH 2000 KWH 2500 KWH CENTRAL FLORIDA $67.50 $93.75 $120.00 $177.50 $235.00 $292.50 CHOCTAWHATCHEE $80.78 $109.17 $137.56 $194.34 $251.12 $307.90 CLAY $60.15 $84.73 $109.30 $163.45 $217.60 $271.75 ESCAMBIA RIVER $85.50 $115.75 $146.00 $206.50 $267.00 $327.50 FLORIDA KEYS $66.46 $94.68 $122.91 $179.37 $235.82 $292.28 GLADES $73.56 $102.58 $131.61 $196.17 $260.72 $327.78 GULF COAST $79.55 $109.60 $139.65 $199.75 $259.85 $319.95 LEE COUNTY $61.98 $97.05 $114.16 $171.69 $229.22 $286.75 PEACE RIVER $72.10 $102.03 $131.95 $191.80 $251.65 $311.50 SUMTER $70.18 $98.01 $125.85 $181.53 $237.20 $292.88 SUWANNEE VALLEY $66.10 $93.15 $120.20 $174.30 $228.40 $282.50 TALQUIN $68.45 $97.68 $126.90 $185.35 $243.80 $302.25 TRI-COUNTY $72.25 $99.63 $127.00 $181.75 $236.50 $291.25 WEST FLORIDA $81.90 $112.90 $143.90 $205.90 $267.90 $329.90 WITHLACOOCHEE R. $66.66 $92.48 $118.31 $169.97 $221.62 $273.28 RATES DO NOT INCLUDE FRANCHISE FEES OR GROSS RECEIPTS TAX. RATES LISTED ABOVE ARE NET OF ALL FUEL COST OR OTHER ADJUSTMENTS.