There is hereby created the West Valley City Electric Power System, hereinafter referred to as the "Electric Power System." Initially, the area to be served by the Electric Power System shall include the property annexed to the City as described in Ordinance No. 88-17, hereinafter referred to as the "Service Area." Only new customers, i.e., those not currently serviced by an electric public utility, shall be connected to the new System in the Service Area.