Float at 10% below PTC

• Utility publishes next quarterly PTC on last Fri. of quarter. • Utility is not a month-ahead utility. • Price changes are sent to utility 8 days in advance of a meter read date.

Utility

1st Qtr. PTC: 9.0¢

01/01/2014 - 04/01/2014

2nd Qtr. PTC Published

03/28/2014

2nd Qtr. PTC: 8.0¢

04/01/2014 - 07/01/2014

3rd Qtr. PTC Published

06/27/2014

3rd Qtr. PTC: 7.0¢

07/01/2014 - 10/01/2014

Account

Feb.: 8.1¢

01/06/2014 - 02/05/2014

Feb. Sent

01/28/2014

March: 8.1¢

02/05/2014 - 03/05/2014

March Sent

02/25/2014

April: 8.1¢

03/05/2014 - 04/03/2014

Due to the 2nd Quarter PTC being published after the April price was sent to the utility, the account is incorrectly priced at 8.1¢ instead of the correct price of 7.2¢.

April Sent

03/26/2014

May: 7.2¢

04/03/2014 - 05/05/2014

May Sent

04/28/2014

June: 7.2¢

05/05/2014 - 06/04/2014

June Sent

05/27/2014

July: 7.2¢

06/04/2014 - 07/03/2014

Due to the 3rd Quarter PTC being published after the July price was sent to the utility, the account is incorrectly priced at 7.2¢ instead of the correct price of 6.3¢.

July Sent

06/25/2014

Aug.: 6.3¢

07/03/2014 - 08/05/2014

Aug. Sent

07/28/2014