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HomeMy WebLinkAboutOrdinance No. 2017-17 CenterPointe Energy Franchise Fees • ORDINANCE NO. 2017-17 AN ORDINANCE AMENDING ORDINANCE NO. 2012-15 A GAS ENERGY FRANCHISE FEE ON CENTERPOINT ENERGY MINNESOTA GAS ("CENTERPOINT ENERGY") FOR PROVIDING GAS ENERGY SERVICE WITHIN THE CITY OF EDINA THE CITY COUNCIL OF THE CITY EDINA MINNESOTA ORDAINS: SECTION 1. Section 3 of Ordinance No. 2012-15 is amended to provide as follows: Section 3. FRANCHISE FEE STATEMENT AND SCHEDULE. A franchise fee is hereby imposed on Company in accordance with the following fee schedule: Amount per Account Effective Effective Customer Classification per Month ($) 05/01/2018 05/01/2019 Residential $ 1.95 $ 2.40 $ 2.90 Firm A $ 3.40 $ 4.08 $ 4.90 Firm B $ 9.50 $11.40 $13.68 Firm C $40.50 $48.60 $58.32 Sm Vol, Dual Fuel A (SVDF A) $40.50 $48.60 $58.32 Sm Vol, Dual Fuel B (SVDF B) $40.50 $48.60 $58.32 Lg Vol, Dual Fuel (LVDF) $40.50 $48.60 $58.32 SECTION 2. Effective Date of Franchise Fee. The effective date of this Ordinance shall be after its publication and sixty (60) days after sending written notice enclosing a copy of this adopted Ordinance to Company by certified mail. First Reading: December 19, 2017 Second Reading: February 21, 2018 Published: March 1, 2018 Attest: Debra A. Mangen, City Clk 4James B.LHovland, Mayor • 195619v1