Article 1. FRANCHISE FEE  

Section 1.1. Consistent with Ordinance 2014-Or-083 and Minnesota law, a franchise fee is hereby imposed on CenterPoint Energy Minnesota Gas, its successors and assigns (the "Company"). The franchise fee shall be an amount equal to the percentage of that portion of the Company's annual Gross Revenues, as defined in Ordinance 2014-Or-083, arising from its operations within the City, as follows:

a.

For Residential service customers, five percent (5%) of Gross Revenues;

b.

For Large Volume Firm and Large Volume Dual Fuel customers, three and one-half percent (3.5%) of Gross Revenues;

c.

For all other customers, five and one-half percent (5.5%) of Gross Revenues;

(Ord. No. 2017-080 , § 1, 12-8-17)

Section 1.2. For Large Volume Firm and Large Volume Dual Fuel customers, in the event that the City imposes a franchise fee or tax on all alternate, competing fuels, including but not limited to fuel oil, propane and coal, then the City may, with notice to Company, and without the Company's consent raise the franchise fee payable to the City to the same level as the franchise fee or tax imposed on alternate competing fuels, but in no event more than five percent (5%) of Gross Revenues;

Section 1.3. This franchise fee shall be paid to the City in lieu of any other permit or licensing fees, charges, or costs imposed on the Company for providing gas service or performing work necessary to providing gas service in the City's Public Ground or Public Way during the term of this franchise. Company shall pay fees as provided in Section 3.3 of Ordinance 2014-Or-083.

(2014-Or-084, § 1, 10-17-14, eff. 1-1-15)