ORDINANCE NO. AN ORDINANCE AMENDING THE ELECTRIC RATE SCHEDULE

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ORDINANCE NO. AN ORDINANCE AMENDING THE ELECTRIC RATE SCHEDULE NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL FOR THE CITY OF BENTONVILLE, ARKANSAS. Section 1: That the following electric rate schedules be adopted and the rate schedules contained in Ordinance [2000-20, 2000-160, 2005-183, 2008-38, 2008-88 and] 2009-73 be amended accordingly: Schedule R-2015 Residential Service Applicable to residential customers for all domestic users. Facilities Charge $12/month $12.35/month $12.70/month First 800 kwh used per month $0.1023/kWh $0.1054/kWh $0.1086/kWh Over 800 kwh used per month (Winter: Nov - $0.077/kWh $0.08/kWh $0.0824/kWh Over 800 kwh used per month (Summer: May - $0.0941/kWh $0.0969/kWh $0.0998/kWh Minimum Bill $12/month $12.35/month $12.70/month Schedule SC-2015 Small Commercial Service purposes when the demand is less than 50 kw. Facilities Charge $13/month $13.40/month $13.80/month First 2,000 kwh used per month $0.1103/kWh $0.1136/kWh $0.1170/kWh Over 2,000 kwh used per month (Winter: Nov - $0.0822/kWh $0.0847/kWh $0.0872/kWh Over 2,000 kwh used per month (Summer: May - $0.1103/kWh $0.1136/kWh $0.1170/kWh Minimum Bill $13/month $13.40/month $13.80/month

Schedule SC 2015 Medium Commercial Service purposes when the demand is more than 50 kw but less than 200 kw. Facilities Charge $13/month $13.40/month $13.80/month Demand Charge per month (All kw) $6.95/kW $7.15/kW $7.35/kW Energy Charge (Winter: Nov. - $0.0645/kWh $0.0664/kWh $0.0684/kWh Energy Charge (Summer: May - $0.068/kWh $0.07/kWh $0.0721/kWh Minimum Bill (New at 25 kw) $173.75/month $178.75/month $183.75/month Schedule SC 2015 Large Commercial Power Service purposes when the demand is more than 200 kw. Demand Charge (All kw) $6.85/kW $7.05/kW $7.25/kW Consumption Charge (Demand (kw) x 200) $0.0671/kWh $0.0691/kWh $0.0712/kWh Consumption Charge (all excess use) $0.0617/kWh $0.0636/kWh $0.0655/kWh Minimum Bill (100 kw) $685.00/month $705.00/month $725.00/month Schedule SC 2015 Large Commercial Power Serivce 3% (Primary Power) Available to commercial customers when the demand is more than 200 kw and that take power at primary voltage. Demand Charge (All kw) $6.85/kW $7.05/kW $7.25/kW Consumption Charge (Demand (kw) x 200) $0.0651/kWh $0.0671/kWh $0.0691/kWh Consumption Charge (all excess use) $0.0598/kWh $0.0616/kWh $0.0635/kWh Minimum Bill (100 kw) $685.00/month $705.00/month $725.00/month

Schedule LC TOU 2015 Large Commercial Power Service Time of Use Available to customers who otherwise qualify for Large Commercial Power Service. Demaind Charge (all Demand) $4.35/kW $4.50/kW $4.65/kW Demaind Charge (Peak: June - Sept. 3PM to 8 $15.15/kW $15.60/kW $16.05/kW PM) Consumption Charge $0.0617/kWh $0.0636/kWh $0.0655/kWh Minimum Bill The highest of the following: a) Five Hundred Dollars ($500) b) The maximum demand charge established during the preceding 11 months Schedule PA-2015 Power Cost Adjustment Rider The revised monthly base cost for purposes of the PCA will be the total demand, energy and transmission cost contained on Exhibit 12A and 12 B Development of Purchased Power Expense. A copy of this exhibit is a part of the Technical Appendix found in the Comprehensive Electric Rate Study prepared by HDR and dated October 2015. The total purchased power expense from Exhibit 12A will be divided by the total kwh s to produce a /kwh value (PCA calculation shown in Exhibit 12B). The /kwh value is the base cost for the PCA adjustment and shall be set at $0.07086.

Schedule NM -2015 Net Metering Available to customers who meet the Net Metering requirements in Ordinance 2014-80. Residential First 800 kwh used per month ($0.0767/kWh) ($0.0791/kWh) ($0.0815/kWh) Over 800 kwh used per month (Winter: Nov - ($0.0583/kWh) ($0.06/kWh) ($0.0618/kWh) Over 800 kwh used per month (Summer: May - ($0.0706/kWh) ($0.0727/kWh) ($0.0749/kWh) Small Commercial (< 50kW) First 2,000 kwh used per month ($0.0827/kWh) ($0.0852/kWh) ($0.0878/kWh) Over 2,000 kwh used per month (Winter: Nov - ($0.0617/kWh) ($0.0635/kWh) ($0.0654/kWh) Over 2,000 kwh used per month (Summer: May - ($0.0827/kWh) ($0.0852/kWh) ($0.0878/kWh) Medium Commercial (> 50kW; < 200kW) Energy Charge (Winter: Nov. - ($0.0484/kWh) ($0.0498/kWh) ($0.0513/kWh) Energy Charge (Summer: May - ($0.0510/kWh) ($0.0525/kWh) ($0.0541/kWh) Large Commercial (> 200kW) Energy Charge (Winter: Nov. - ($0.0503/kWh) ($0.0518/kWh) ($0.0534/kWh) Energy Charge (Summer: May - ($0.0463/kWh) ($0.0477/kWh) ($0.0491/kWh) a) Net metering service charge is paid in addition to the standard rate facilities charge b) Net metering credit is multiplied by the energy generated by the customer up to a maximum of the customer s total usage in the billing period. No credit is provided for demand usage or demand charges.

Section 2: Schedules shall be in effect for all bills due on or after February 1, 2016. The above and foregoing Ordinance was passed, approved, and adopted the day of, 2015 at a regular meeting of the City Council of the City Of Bentonville, Arkansas. APPROVED: MAYOR ATTEST: CITY CLERK