Tipmont Rural Electric Membership Corporation Schedule 1

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SCHEDULE 1

RESIDENTIAL AND FARM SERVICE

1. AVAILABILITY

Available to any member of Tipmont Rural Electric Membership Corporation (REMC) for general residential and farm use with a demand of 50 kW or less.

2. CHARACTER OF SERVICE

Service rendered under this schedule shall be alternating current, 60 Hertz, single phase, at a mutually agreeable voltage.

3. MONTHLY RATES

A. Service Charge:

Per Meter.............................................................................. $12.00 per month

B. Energy Charge:

First 500 kWh or less per month........................................ $0.0800 per kWh

Next 1000 kWh..................................................................... $0.0630 per kWh

Over 1500 kWh ................................................................... $0.0580 per kWh

C. Minimum Monthly Charge:

When the transformer capacity required by the member is 10 kVA or less, the Minimum Monthly Charge under the above rate shall be the Service Charge. When the member requires in excess of 10 kVA of transformer capacity, the Monthly Minimum Charge shall be the Service Charge plus $1.00 per kVA of transformer capacity (or fraction thereof) above 10 kVA.

The Minimum Monthly Charge entitles the member to consumption at the Monthly Rate up to the Minimum Monthly Charge.

4. LEVELIZED BUDGET BILLING

The REMC may, upon the request of the member, establish a levelized budget billing plan for payment of bills for electric service. The levelized budget billing amount shall be the average of the sum of the member’s current month usage and the previous 11 months usage (a 12 month rolling average.) The result shall be the amount billed by the REMC and paid by the member as its monthly net bill. Members requesting levelized budget billing must have service at the same location for twelve continuous months, a zero account balance when the request is made and must pay the levelized budget billing by the normal due date each month. Bills issued pursuant to this provision are subject to the Terms of Payment set out herein.

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5. CONDITIONS OF SERVICE

1. Service under this schedule shall be provided in accordance with the provisions set forth in the REMC’s Standard Provisions for Electric Service and Rules and Regulations as on file in the REMC’s business office.

2. Motors having an individual capacity of more than 10 horsepower shall require REMC approval.

3. The REMC will furnish and maintain at its expense one transformation and service drop, unless otherwise provided for in the Rules and Regulations. All electrical equipment beyond the point where the service wires of the member (those which extend from the weatherhead of the service entrance installed by the member) connect with the service wires of the REMC is considered the distribution system of the member except that the outdoor meter base and meter shall be furnished and maintained by the REMC.

6. POWER COST ADJUSTMENT

The above rates are subject to a Power Cost Adjustment shown in Appendix A.

7. TERMS OF PAYMENT

Refer to Appendix B.

8. METER TEST AT REQUEST OF THE MEMBER

Refer to Appendix B.

9. INTERPRETATION

Refer to Appendix B.

10. ALL OTHER NON-RECURRING CHARGES

Refer to Appendix B.

11. EXCESS FACILITIES CHARGE

Refer to Appendix C.

Tipmont Rural Electric Membership Corporation Schedule 3

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SCHEDULE 3

COMMERCIAL SERVICE

1. AVAILABILITY

Available to any member of Tipmont Rural Electric Membership Corporation (REMC) for commercial or farm operations (not otherwise provided for in Schedule 1) with a demand of 50 kW or less.

2. CHARACTER OF SERVICE

Service rendered under this schedule shall be alternating current, 60 Hertz, single or multi-phase, at a mutually agreeable voltage.

3. MONTHLY RATES

A. Service Charge:

Per Meter:

Single Phase........................................................................ $12.00 per month

Three Phase......................................................................... $24.00 per month

B. Energy Charge:

First 500 kWh or less per month ....................................... $0.0850 per kWh

Next 1,500 kWh.................................................................... $0.0680 per kWh

Over 2,000 kWh .................................................................. $0.0580 per kWh

C. Minimum Monthly Charge:

When the transformer capacity required by the member is 10 kVA or less, the Minimum Monthly Charge under the above rate shall be the Service Charge. When the member requires in excess of 10 kVA of transformer capacity, the Monthly Minimum Charge shall be the Service Charge plus $1.00 per kVA of transformer capacity (or fraction thereof) above 10 KVA.

The Minimum Monthly Charge entitles the member to consumption at the Monthly Rate up to the Minimum Monthly Charge.

4. LEVELIZE BUDGET BILLING

The REMC may, upon the request of the member, establish a levelized budget billing plan for payment of bills for electric service. The levelized budget billing amount shall be the average of the sum of the member’s current month usage and the previous 11 months usage (a 12 month rolling average.) The result shall be the amount billed by the REMC and paid by the member as its monthly net bill. Members requesting levelized budget billing must have service at the same location for twelve continuous months, a zero account balance when the request is made and must pay the levelized budget

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billing by the normal due date each month. Bills issued pursuant to this provision are subject to the Terms of Payment set out herein.

5. TERMS AND CONDITIONS OF SERVICE

1. Service under this schedule shall be provided in accordance with the provisions set forth in the REMC’s Standard Provisions for Electric Service and Rules and Regulations as on file in the REMC’s business office.

2. Motors having an individual capacity of more than 10 horsepower shall require REMC approval.

3. The REMC will furnish and maintain at its expense one transformation and service drop, unless otherwise provided for in the Rules and Regulations. All electrical equipment beyond the point where the service wires of the member (those which extend from the weatherhead of the service entrance installed by the member) connect with the service wires of the REMC is considered the distribution system of the member except that the outdoor meter base and meter shall be furnished and maintained by the REMC.

4. A four-wire delta connected secondary is not available from pad mount transformer.

6. POWER COST ADJUSTMENT

The above rates are subject to a Power Cost Adjustment shown in Appendix A.

7. TERMS OF PAYMENT

Refer to Appendix B.

8. METER TEST AT REQUEST OF THE MEMBER

Refer to Appendix B.

9. INTERPRETATION

Refer to Appendix B.

10. ALL OTHER NON-RECURRING CHARGES

Refer to Appendix B.

11. EXCESS FACILITIES CHARGE

Refer to Appendix C.

Tipmont Rural Electric Membership Corporation Schedule 8

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SCHEDULE 8

LARGE POWER SERVICE

1. AVAILABILITY

Available to any member of Tipmont Rural Electric Membership Corporation (REMC) for general power service with a demand of 50 kW or more and is located adjacent to an electric transmission or distribution line of the REMC that is adequate and suitable for supplying required service. This schedule is not available for supplemental or standby service.

2. CHARACTER OF SERVICE

Service rendered under this schedule shall be alternating current, 60 Hertz, single or multi-phase, at a mutually agreeable voltage.

3. MONTHLY RATES

A. Service Charge:

Per Meter.............................................................................. $30.00 per month

B. Facility Charge:

Per month applied to the kVA transformer

capacity required for service.............................................. $0.15 per kVA per month

C. Energy Charge:

All kWh used per month...................................................... $0.0380 per kWh

D. Demand Charge:

All kW of Billing Demand used per month......................... $7.50 per kW

E. Minimum Monthly Charge:

The Minimum Monthly Charge shall be the greater of the following:

1. The Service Charge plus the Facility Charge, or

2. The charges as determined by application of the Monthly Rates.

4. DETERMINATION OF BILLING DEMAND

The billing demand shall be the maximum kilowatt (kW) load measured over a period of fifteen (15) consecutive minutes during the billing month as metered or recorded by suitable metering equipment installed by the REMC. The Billing Demand may be adjusted when the member’s average power factor falls below 95%. When appropriate, the adjusted billing demand shall be determined by multiplying the metered demand (kW) by 95% and dividing by the actual percent power factor.

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If welding machines or other apparatus, where the use of electricity is intermittent or subject to violent fluctuations constitute part of the entire load, then the measurements shall be increased by the connected nameplate load in welding machines or other such apparatus, and the sum taken as the Maximum Demand.

5. PRIMARY METERING

The REMC reserves the right to meter at primary or secondary voltages. If the kWh energy furnished under this schedule is metered on the primary side of the service transformers, then the kilowatt hours so metered shall be reduced 2% before computing the bill.

6. CUSTOMER-OWNED TRANSFORMERS

If the member owns the service transformer, switches and ancillary equipment required to accept service at the point of connection, then the Facility Charge set out in Section 3 of this Schedule shall be reduced by $.08 per kVA per month. The member shall furnish, install, and maintain said equipment at its own expense. The REMC reserves the right to set the minimum requirements of protective equipment.

7. OPTIONAL TIME-OF-USE RATE

A. On Peak / Off Peak Hours:

The On-Peak Hours, as defined below, are Eastern Standard Time on Monday through Friday excluding holidays.

· Eleven a.m. to seven p.m. (11:00 a.m. - 7:00 p.m.)

The holidays include:

· New Year’s Day

· Memorial Day

· Independence Day

· Labor Day

· Thanksgiving Day

· Christmas Day

The utility has the right to review and modify On-peak and Off-peak hours as conditions warrant. However, there will be a maximum of 8 On-Peak hours per day and the REMC will not modify the number of peak hours more often than once in any 12 month period.

The member may return to the standard rates for any reason. However, they will be required to stay on the standard rate for at least one year before returning to the Optional Time-of-Use Provisions.

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B. Monthly Time-Of-Use Rates:

1. Service Charge:

Same as standard monthly rate.

2. Facility Charge:

Same as standard monthly rate.

3. Energy Charge:

All kWh used per month...................................................... $0.0380 per kWh

4. Demand Charge:

The Demand Charge shall be the sum of the following:

Maximum kW Billing Demand used per month................ $3.10 per kW

Maximum On-Peak kW Billing Demand used

per month.............................................................................. $6.80 per kW

8. TERMS AND CONDITIONS OF SERVICE

1. Service under this schedule shall be provided in accordance with the provisions set forth in the REMC’s Standard Provisions for Electric Service and Rules and Regulations as on file in the REMC’s business office.

2. The member will be required to give satisfactory assurance by means of a written agreement as to the amount and duration of the business offered.

3. All single-phase motors, phase converters and three-phase motors with a starting current in excess of 250 amps at 240 volts shall require REMC approval.

4. Single-phase service to phase converters shall require REMC approval. The single largest motor shall not exceed 50 horsepower, and total connected motors shall not exceed 100 horsepower.

5. The REMC may require corrective measures or devices for any motor or apparatus which, in the opinion of the REMC, will cause voltage fluctuation to other members. Unless otherwise permitted, the maximum primary fluctuation is three percent (3%).

6. All energy shall be supplied to one location through one set of meters. All wiring, pole lines, wires, and other electrical equipment beyond the point of metering is considered the distribution system of the member.

7. Maximum transformer sizes and availability: Open-WYE, open-DELTA transformer banks will be provided by the REMC only if the REMC finds the load may be adequately and safely served by such connection.

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9. POWER COST ADJUSTMENT

The above rates are subject to a Power Cost Adjustment shown in Appendix A.

10. TERMS OF PAYMENT

Refer to Appendix B.

11. METER TEST AT REQUEST OF MEMBER

Refer to Appendix B.

12. INTERPRETATION

Refer to Appendix B.

13. ALL OTHER NON-RECURRING CHARGES

Refer to Appendix B.

14. EXCESS FACILITIES CHARGE

Refer to Appendix C.

Tipmont Rural Electric Membership Corporation Schedule 7

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SCHEDULE 7

LOW LOAD FACTOR SERVICE

1. AVAILABILITY

Available to any member of Tipmont Rural Electric Membership Corporation (REMC) for general power service with a demand of 50 kW or more and is located adjacent to an electric transmission or distribution line of the REMC that is adequate and suitable for supplying required service. This schedule is not available for supplemental or standby service.

2. CHARACTER OF SERVICE

Service rendered under this schedule shall be alternating current, 60 Hertz, single or multi-phase, at a mutually agreeable voltage.

3. MONTHLY RATES

A. Service Charge:

Per Meter.............................................................................. $30.00 per month

B. Facility Charge:

Per month applied to the kVA transformer

capacity required for service.............................................. $0.15 per kVA per month

C. Energy Charge:

First 7,300 kWh used per month........................................ $0.0950 per kWh

Over 7,300 kWh used per month....................................... $0.0800 per kWh

D. Minimum Monthly Charge:

The Minimum Monthly Charge shall be the greater of the following:

1. The Service Charge plus the Facility Charge, or

2. The charges as determined by application of the Monthly Rates.

4. PRIMARY METERING

The REMC reserves the right to meter at primary or secondary voltages. If the kWh energy furnished under this schedule is metered on the primary side of the service transformers, then the kilowatt hours so metered shall be reduced 2% before computing the bill.

5. CUSTOMER-OWNED TRANSFORMERS

If the member owns the service transformer, switches and ancillary equipment required to accept service at the point of connection, then the Facility Charge set out in Section 3 of this Schedule shall be reduced by $.08 per kVA per month. The member shall furnish, install and maintain said equipment at its own expense. The REMC reserves the right to set the minimum requirements of protective equipment.

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6. TERMS AND CONDITIONS OF SERVICE

1. Service under this schedule shall be provided in accordance with the provisions set forth in the REMC’s Standard Provisions for Electric Service and Rules and Regulations as on file in the REMC’s business office.

2. The member will be required to give satisfactory assurance by means of a written agreement as to the amount and duration of the business offered.

3. All single-phase motors, phase converters, and three-phase motors with a starting current in excess of 250 amps at 240 volts shall require REMC approval.

4. Single-phase service to phase converters shall require REMC approval. The single largest motor shall not exceed 50 horsepower, and total connected motors shall not exceed 100 horsepower.

5. The REMC may require corrective measures or devices for any motor or apparatus which, in the opinion of the REMC, will cause voltage fluctuation to other members. Unless otherwise permitted, the maximum primary fluctuation is three percent (3%).

6. All energy shall be supplied to one location through one set of meters. All wiring, pole lines, wires, and other electrical equipment beyond the point of metering is considered the distribution system of the member.

7. Maximum transformer sizes and availability: Open-WYE, open-DELTA transformer banks will be provided by the REMC only if the REMC finds the load may be adequately and safely served by such connection.

7. POWER COST ADJUSTMENT

The above rates are subject to a Power Cost Adjustment shown in Appendix A.

8. TERMS OF PAYMENT

Refer to Appendix B.

9. METER TEST AT REQUEST OF MEMBER

Refer to Appendix B.

10. INTERPRETATION

Refer to Appendix B.

11. ALL OTHER NON-RECURRING CHARGES

Refer to Appendix B.

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12. EXCESS FACILITIES CHARGE

Refer to Appendix C.

Tipmont Rural Electric Membership Corporation Schedule 9

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SCHEDULE 9

LARGE POWER SERVICE – 1,000 KW OR MORE

1. AVAILABILITY

Available to any member of Tipmont Rural Electric Membership Corporation (REMC) for large power service with a demand of 1,000 kW or more and is located adjacent to a substation, transmission line or distribution line of the REMC that is adequate and suitable for supplying required service. This schedule is not available for supplemental or standby service.

2. CHARACTER OF SERVICE

Service rendered under this schedule shall be alternating current, 60 Hertz, single or multi-phase, at mutually agreeable voltage.

3. MONTHLY RATES

A. Service Charge:

Per Meter.............................................................................. $50.00 per month

B. Facility Charge:

Per month applied to the kVA transformer capacity required at the point of the

Consumer’s service connection......................................... $0.15 Per kVA per month

C. Energy Charge:

All kWh used per month...................................................... $.0370 per kWh

D. Demand Charge:

All kW of Billing Demand used per month......................... $8.30 per kW

E. Minimum Monthly Charge:

The Minimum Monthly Charge shall be the greater of the following:

1. The Service Charge plus the Facility Charge, or

2. The charges as determined by application of the Monthly Rates.

4. DETERMINATION OF BILLING DEMAND

The billing demand shall be the maximum kilowatt (kW) load measured over a period of fifteen (15) consecutive minutes during the billing month as metered or recorded by suitable metering equipment installed by the REMC. The Billing Demand may be adjusted when the member’s average power factor falls below 95%. When appropriate, the adjusted billing demand shall be determined by multiplying the metered demand (kW) by 95% and dividing by the actual percent power factor.

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If welding machines or other apparatus, where the use of electricity is intermittent or subject to violent fluctuations constitute a part of the entire load, then the measurements shall be increased by the connected nameplate load in welding machines or other such apparatus, and the sum taken as the Maximum Demand.

5. METERING

The REMC reserves the right to meter at primary or secondary voltages. If wholesale (sub-station) metering is installed for a sole use member, the REMC may use the wholesale metering for demand, energy and reactive usage. If the kWh energy furnished under this schedule is metered on the primary side of the service transformers or using wholesale metering, then the kWh energy so metered will be reduced 2% before computing the bill.

6. CUSTOMER-OWNED TRANSFORMERS

If the member owns the service transformer, switches and ancillary equipment required to accept service at the point of connection, then the Facility Charge set out in Section 3 of this Schedule shall be reduced by $.05 per kVA per month. The member shall furnish, install, and maintain said equipment at its own expense. The REMC reserves the right to set the minimum requirements of protective equipment.

7. SUBSTATION SERVICE

If the member owns the services transformer(s) as defined in Section 6, the member’s point of connection is located at or immediately adjacent to a wholesale delivery substation then the Facility Charge set out in Section 3 of this Schedule shall be reduced by $.05 per kVA per month. In addition, the Demand Charge set out in Sections 3 and 8 will be reduced $1.00 per kW of Billing Demand.

8. OPTIONAL TIME-OF-USE RATE

A. On Peak / Off Peak Hours:

The On-Peak Hours, as defined below, are Eastern Standard Time on Monday through Friday excluding holidays.

· Eleven a.m. to seven p.m. (11:00 a.m. - 7:00 p.m.)

The holidays include:

· New Year’s Day

· Memorial Day

· Independence Day

· Labor Day

· Thanksgiving Day

· Christmas Day

The utility has the right to review and modify On-peak and Off-peak hours as conditions warrant. However, there will be a maximum of 8 On-Peak hours per

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day and the REMC will not modify the number of peak hours more often than once in any 12 month period.

The member may return to the standard rates for any reason. However, they will be required to stay on the standard rate for at least one year before returning to the Optional Time-of-Use Provisions.

B. Monthly Time-Of-Use Rates:

1. Service Charge:

Same as standard monthly rate.

2. Facility Charge:

Same as standard monthly rate.

3. Energy Charge:

All kWh used per month...................................................... $.0370 per kWh

4. Demand Charge:

The Demand Charge shall be the sum of the following:

Maximum kW Billing Demand used per month................ $3.25 per kW

Maximum On-Peak kW Billing Demand during

used per month.................................................................... $6.80 per kW

9. TERMS AND CONDITIONS

1. Service under this schedule shall be provided in accordance with the provisions set forth in the REMC’s Standard Provisions for Electric Service and Rules and Regulations as on file in the REMC’s business office.

2. The member will be required to give satisfactory assurance by means of a written agreement as to the amount and duration of the business offered.

3. All single-phase motors, phase converters and three-phase motors with a starting current in excess of 250 amps at 240 volts shall require REMC approval.

4. Single-phase service to phase converters shall require REMC approval. The single largest motor shall not exceed 50 horsepower, and total connected motors shall not exceed 100 horsepower.

5. The REMC may require corrective measures or devices for any motor or apparatus which, in the opinion of the REMC, will cause voltage fluctuation to other members. Unless otherwise permitted, the maximum primary fluctuation is three percent (3%).

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6. All energy shall be supplied to one location through one set of meters. All wiring, pole lines, wires, and other electrical equipment beyond the point of metering is considered the distribution system of the member.

7. Maximum transformer sizes and availability: Open-WYE, open-DELTA transformer banks will be provided by the REMC only if the REMC finds the load may be adequately and safely served by such connection.

8. REMC reserves the right to set maximum starting current values of motors over 100 HP.

10. POWER COST ADJUSTMENT

The above rates are subject to a Power Cost Adjustment shown in Appendix A.

11. TERMS OF PAYMENT

Refer to Appendix B.

12. METER TEST AT REQUEST OF THE MEMBER

Refer to Appendix B.

13. INTERPRETATION

Refer to Appendix B.

14. ALL OTHER NON-RECURRING CHARGES

Refer to Appendix B.

15. EXCESS FACILITIES CHARGE

Refer to Appendix_C.

Tipmont Rural Electric Membership Corporation Schedule 4

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SCHEDULE 4

TRANSMISSION VOLTAGE SERVICE

1. AVAILABILITY

Available to any member of Tipmont Rural Electric Membership Corporation (REMC) for large power service with a demand of 1,000 kW or more. For service at transmission voltages of greater than 12,500 volts. The service location must be adjacent to a substation or transmission line controlled by the REMC and suitable for supplying the required service. The member is responsible for installing and maintaining all substation, transformer and/or distribution facilities required for service under this schedule. This schedule is not available for supplemental or standby service.

2. CHARACTER OF SERVICE

Service rendered under this schedule shall be alternating current, 60 Hertz, single or multi-phase, at mutually agreeable voltage.

3. MONTHLY RATES

A. Facility Charge:

Per month applied to the kVA transformer capacity required at the point of the

Consumer’s service connection......................................... $0.05 per kVA per month

C. Energy Charge:

All kWh used per month...................................................... $.0360 per kWh

D. Demand Charge:

The Demand Charge shall be the sum of the following:

Maximum kW Billing Demand used per month................ $0.79 per kW

Maximum On-Peak kW Billing Demand used

per month.............................................................................. $7.00 per kW

E. Minimum Monthly Charge:

The Minimum Monthly Charge shall be the greater of the following:

1. The Service Charge plus the Facility Charge, or

2. The charges as determined by application of the Monthly Rates.

4. DETERMINATION OF BILLING DEMAND

A. Maximum Billing Demand

The Maximum Billing Demand shall be the maximum kilowatt (kW) load measured over a period of fifteen (15) consecutive minutes during the billing month as metered or recorded by suitable metering equipment installed by the

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REMC. The Maximum Billing Demand may be adjusted when the member’s average power factor falls below 95%. When appropriate, the adjusted billing demand shall be determined by multiplying the metered demand (kW) by 95% and dividing by the actual percent power factor.

If welding machines or other apparatus, where the use of electricity is intermittent or subject to violent fluctuations constitute a part of the entire load, then the measurements shall be increased by the connected nameplate load in welding machines or other such apparatus, and the sum taken as the Maximum Demand.

B. On-Peak Billing Demand

The On-Peak Billing Demand shall be the Maximum Billing Demand occurring during on-peak hours during the billing month.

5. ON-PEAK HOURS