Rates:

Demand Charge	$5.53 Per kW of Billing Demand
Customer Charge	$1,464.04 Per Month
KWH Charge	$0.04021 Per kWh for all kWh equal to   425 hours per kW of billing demands   $0.03731 Per kWh for all kWh in excess of   425 hours per kW of billing demands

Billing Demand - The monthly billing demand shall be the greater of (a) or (b)

(a) The Contract demand

(b) The ultimate consumer's highest demand during the current month or preceding eleven months. The peak demand is the highest average rate at which energy is used during any fifteen-minute interval in the below-listed hours for each month (and adjusted for power factor as provided herein):

Month	Hours Applicable for Demand Billing - EST
October through April	7:00 AM - 12:00 Noon; 5:00 PM - 10:00 PM
May through September	10:00 AM - 10:00 PM

 Minimum Monthly Charge - The minimum monthly charge shall not be less than the sum of (a), (b), and (c) below:

(a) The product of the billing demand multiplied by the demand charge, plus

(b) The product of the billing demand multiplied by 425 hours and the energy charge per kWh, plus

(c) The customer charge.

Power Factor Adjustment - The consumer agrees to maintain a unity power factor as nearly as practicable at each delivery point at the time of the monthly maximum demand. When the power factor is determined to be less than 90%, the monthly maximum demand at the delivery point will be adjusted by multiplying the actual monthly maximum demand by the 90% and dividing this product by the actual power factor at the time of the monthly maximum demand.

Fuel Adjustment Clause - The monthly kilowatt hour usage shall be subject to plus or minus an adjustment per kWh determined in accordance with the "Fuel Adjustment Clause."

Special Provisions:
Delivery Point - If service is furnished at secondary voltage, the delivery point shall be the metering point unless otherwise specified in the contract for service. All wiring, pole lines, and other electric equipment on the load side of the delivery point shall be owned and maintained by the consumer.

If service is furnished at Owen Electric's primary line voltage, the delivery point shall be the point of attachment of Owen's primary line to consumer's transformer structure unless otherwise specified in the contract for service. All wiring, pole lines and other electric equipment (except metering equipment) on the load side of the delivery point shall be owned and maintained by the consumer.

Terms of Payment - The above rates are net, the gross being ten percent (10%) higher. In the event the current monthly bill is not paid within fifteen (15) days from the date the bill was rendered, the gross charge shall apply.

This tariff is subject to the Energy Emergency Control Program as filed with the Kentucky Energy Regulatory Commission (now the Public Service Commission) on February 23, 1981, in Administrative Case No. 240, and as approved by the Commission's Order of March 31, 1981.