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(A) Franchise fee statement. Pursuant to Section 9.2 of the Franchise Agreement, a gas franchise fee is hereby imposed on Northern States Power, D/B/A Xcel Energy, its successors and assigns, in the amount of 3.0% of gross revenues, as defined in the Franchise Agreement, effective as of July 1, 2019. The fee is an account-based fee on each premise and not a meter-based fee. In the event that an entity covered by this section has more than one meter at a single premise, but only one account, only one fee shall be assessed to that account.
(B) Payment. The franchise fee shall be payable to the city in accordance with the terms set forth in Section 9 of the Franchise Agreement.
(C) Surcharge. The city recognizes that the Minnesota Public Utilities Commission may allow Northern States Power Company, D/B/A Xcel Energy to add a surcharge to customer rates of city residents to reimburse Northern States Power Company, D/B/A Xcel Energy for the cost of the fee.
(D) Enforcement. Any dispute, including enforcement of a default regarding this section will be resolved in accordance with Section 2.5 of the Franchise Agreement.
(Ord. 19-08, passed 4-8-2019)