(1) Each electric utility shall transmit to each of its consumers a clear and concise statement containing the existing rate schedule applicable to such consumer.

(2) The statement of existing applicable rate schedule shall be sent at least once each year to each consumer, the initial statement to be sent within 90 days of adoption of this rule, or within 60 days of commencement of service to new consumers, whichever is later. If the applicable rate schedule is changed during the course of any year, a statement of the new rate schedule shall be sent to each consumer concurrent with the bill which reflects for the first time the change in rate.

(3) Each electric utility shall transmit to each of its electric consumers not less frequently than once each year a clear and concise summary explaining the existing rate schedules applicable to each of the major classes of its electric consumers for which there is a separate rate and shall identify each class of consumer whose rates are not summarized.

(4) The summary may be transmitted with the consumer's bill or in such other manner that each electric utility deems appropriate.