Article 1. FRANCHISE FEE  

Section 1.1. Consistent with Ordinance 2014-Or-086 Minnesota law, a franchise fee is hereby imposed on Northern States Power Company d/b/a Xcel Energy, 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-086, arising from its operations within the City, as follows:

a.

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

b.

For large (100kW or greater) commercial and industrial customers served at primary or higher voltages, three and one-half percent (3.5%) of Gross Revenues; and

c.

For small (less than 100kW) commercial and industrial customers, large (100kW or greater) commercial or industrial customers served at secondary voltage, and all remaining miscellaneous classifications, five and one-half percent (5.5%) of Gross Revenues.

(Ord. No. 2017-081 , § 1, 12-8-17)

Section 1.2. For any other customer classes not included in Section 1.1 or modified by the Company in its electric tariffs on file with the Minnesota Public Utilities Commission, the franchise fee shall be five percent (5%) of Gross Revenues.

(2014-Or-087, § 1, 10-17-14, eff. 1-1-15)