(A) Franchise fees. Each SVFH shall pay a fee to the city equal to 5% of that SVFH’s gross revenue pursuant to Cal. Public Utilities Code § 5840(q)(1).
(B) PEG fees. Each SVFH shall pay an additional fee to the city equal to 1% of that SVFH’s gross revenue pursuant to Cal. Public Utilities Code § 5870(n), which fee shall be used by the city for PEG purposes consistent with state and federal law.
(C) GROSS REVENUE, for purposes of divisions (A) and (B) above, shall have the definition set forth in Cal. Public Utilities Code § 5860.
(D) The fees shall be remitted to the city on a quarterly basis within 45 days after the end of each quarter for that calendar year. Each payment shall be accompanied by a detailed summary explaining the basis for the fees. Failure to pay either fee in a timely manner will result in fines payable to the city, as set out in the DIVCA.
(E) The franchise set forth in division (A) above shall be payable as of 10-1-2008, the date of the city’s incorporation. The PEG fees set forth in division (B) above shall be payable as of 7-3-2015, the effective date of the PEG Fee Ordinance (Ordinance No. 2015-170).
(Ord. 2008-13, passed 12-2-2008; Am. Ord. 2015-170, passed 6-3-2015; Am. Ord. 18-237, passed 8-1-2018)