Is it $1000 per month for a kW or mW of electricity? If it's the latter, then their mining operation should be more profitable than I had thought it to be.
District’s Customer Service Policy Manual Billing Demand The Billing Demand shall be the highest of the Metered, computed/fixed or retail rate contract demand level after adjustment for a lagging or leading power factor, if applicable., adjusted up to 95-percent power factor.