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.
An amount to cover the debt service and an amount for future plant repairs shall be included in the rates charged for utilities. When an activity which is required to pay for utilities uses a building jointly with another activity which is not, the charge will be made on a pro rata basis. When they do, a pro rata charge will be made for utilities. When University funds are used to subsidize these activities, they are excluded from this calculation. This OP is not applicable to charges for utilities billed to University Medical Center.