SECTION 8.05 REGULATION OF FRANCHISE.
   All grants, renewals, extensions, or amendments of public-utility franchises, whether it be so provided in the ordinance or not, shall be subject to the right of the City to:
   (A)   repeal the same by ordinance at any time for failure to begin construction or operation within the time prescribed or for failure otherwise to comply with the terms of the franchise, such power to be exercised only after due notice and hearing;
   (B)   require an adequate and reasonable extension of plant and service, and the maintenance of plant and fixtures at the standard necessary to render the highest reasonable quality of utility service to the public;
   (C)   establish reasonable standards of service and quality of products and prevent unjust discrimination in service or rates;
   (D)   prescribe, for each franchised utility, the form of accounts to be kept, or that the system of accounts conforms to those prescribed by the appropriate State and/or federal utility-regulatory agencies;
   (E)   impose such reasonable regulations and restrictions as may be deemed desirable or conducive to the safety, welfare, and accommodation of the public;
   (F)   require franchise holders to furnish the City, without cost to the City, full information regarding the location and precise description of all facilities of the franchise holder in, over, or under the City, and to regulate and control the location, relocation, and removal of the facilities;
   (G)   examine and audit at any time during normal business hours the accounts and records of the franchise holder; and,
   (H)   require, at any time, such compensation, rental, and franchise fee as. may be permitted by the laws of the State of Texas.