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.
a. To repeal the same by ordinance at any time upon the failure to begin construction within the time prescribed or otherwise to comply with the terms of the franchise, such power to be exercised only after due notice and hearing.
b. To require adequate extensions of plants and services, and the maintenance of the plants and fixtures at the highest reasonable standard of efficiency.
c. To establish reasonable standards of service and quality of products and prevent unjust discrimination in service or rates.
d. To prescribe the form of accounts kept by each utility; provided, that if the utility shall keep its accounts in accordance with the uniform system of accounts for said utility prescribed by the Railroad Commission of Texas and the Public Utility Commission of Texas, their successor or successors, this shall be deemed sufficient compliance with this paragraph.
e. At any time examine and audit the account and other records of any such utility and to require annual and other reports on local operations by each such public utility.
f. To impose such reasonable regulations and restrictions as may be deemed desirable or conducive to the safety, welfare and accommodation of the public.
g. To any time require such compensation and rental as may be permitted by the laws of the State of Texas.