Charges will not be made to any activity which does not use utilities on a continuing basis with the exception of the Carol of Lights, which is conducted annually. All other activities are billed annually. The charge made may be either the total of the actual or estimated charges for each type of utility used in a billing or it may be an overall charge calculated on the basis of a yearly dollar figure per net square foot of space assigned. Charges for manufactured utilities such as steam and chilled water are computed monthly using actual production costs, an allowance for repair and replacement and debt service requirements. Residence Halls charges will be adjusted during summer months to reflect reduced consumption.
All electric consumption is metered by building.
All are charged for measured consumption times the vendor rate per KWH, which varies month to month. Central Heating and Cooling Plant use is excluded from the formula as these utilities are metered separately for the Plant. X total dollar value of the utility delivered to campus. The selling price is the sum of the cost of production and the debt service expense. Debt service is that expense to the plant required to retire bonded indebtedness.