A utility shall offer hourly priced nonresidential electric supply service to all nonresidential customers ineligible for Type I or Type II SOS, excluding special generation contract customers. A utility shall provide hourly priced service beginning with the time periods provided for Type III service in Regulation .03 of this chapter. A utility may not change or alter tariff rules, terms, and conditions for HPS under §B of this regulation for a period of at least 2 years. The rate for HPS shall include: One of the following: The PJM hourly LMP for energy; or If PJM alters its pricing methods, the nearest equivalent to LMP; Charges associated with PJM capacity obligation; FERC-approved: Transmission rates; Ancillary services; Energy losses; Administrative costs; Any other FERC approved or PJM charges and costs directly related to the utilities' hourly priced service; Costs required to meet statutory renewable requirements; Any other price elements directly related to the service as approved by the Commission; Taxes; An applicable administrative charge intended to recover the utility's verifiable and prudently incurred costs; and A Commission-approved reasonable return.