The city (hereinafter referred to as the “municipality”) hereby establishes a franchise fee on every natural gas or electric company, and every other person, firm, or corporation, their successors and assigns, owning, operating, controlling, leasing, or managing a natural gas or electric plant or system, and/or generating, manufacturing, selling, distributing, or transporting natural gas or electric (hereinafter referred to, collectively, as “energy providers,” each, individually, an “energy provider”). Energy providers shall collect from their customers located within the corporate limits of the municipality as depicted on the map (as defined in § 115.05) including the city, and pay to the city an amount equal to 1% of gross receipts energy providers derive from the sale, distribution, or transportation of natural gas or electric delivered within the present limits of the municipality. Gross receipts as used herein are revenues received from the sale, distribution, or transportation of natural gas or electric, after adjustment for the net write-off of uncollectible accounts and corrections of bills theretofore rendered.
(Prior Code, § 7-7-1)