§ 5.90.450. Franchise fee.

(a)

Every public utility providing retail gas service to any customer located within the city must have a valid franchise agreement issued pursuant to this article, and remit to the city a quarterly franchise fee.

(b)

The quarterly franchise fee required in subsection (a) of this section will be:

(1)

Three (3) percent of the total gross revenue collected by the public utility commencing with the customer billing cycle starting June 1, 2009.

(2)

Commencing with the customer billing cycle starting June 1, 2011, four (4) percent of the total gross revenue.

(3)

Commencing with the customer billing cycle starting June 1, 2013, five (5) percent of the total gross revenue.

(c)

For purposes of this section, "total gross revenue" means all revenue as defined in the franchise agreement earned from the provision of retail gas services to customers located within the city.

(Ord. No. 6103, § 3, 5-13-09)

Editor's note

See the editor's note at §§ 5.90.460—5.90.540.