13-1228. Same; electricity rates; street lighting equipment and traffic signal equipment.
219 words·~1 min read·
/ks/chapter-13/13-1228A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
13-1228. Same; electricity rates; street lighting equipment and traffic signal equipment. The board of public utilities shall fix reasonable rates for electricity furnished to consumers which:
(1)Will secure an income sufficient to pay all salaries and wages of all officers and employees in such department;
(2)will cover the cost of all materials and supplies used in the operation of the plant;
(3)will cover the cost of all repairs;
(4)will cover all miscellaneous expenses;
(5)will pay the principal of and the interest on all revenue bond indebtedness of the city incurred for the purpose of purchasing, improving or extending the electric-light plant and will provide a sinking fund sufficient to pay the principal of and interest on such indebtedness at maturity; and
(6)will cover the cost of all repairs and renewals of the plant and all material used, together with a reasonable allowance for emergency and unforeseen expenses. Upon direction of the city, the board shall install, repair, maintain and replace street lighting equipment and traffic signal equipment at a reasonable cost determined by the city, and shall provide an adequate supply of electricity to such street lights and traffic signals at a reasonable cost determined by the city. The city may fix special rates for electricity furnished to the city for public purposes.