Title
Amending the Legislative Code by adding a new Appendix B-2 relating to Northern States Power, D/B/A Xcel Energy, Gas Franchise Fee.
Body
The City Council of the City of Saint Paul ordains as follows:
Section 1. That the Legislative Code be amended by adding thereto a new Appendix B-2 to read as follows:
APPENDIX B-2 - GAS FRANCHISE FEE ORDINANCE - NORTHERN STATES POWER, D/B/A XCEL ENERGY
An Ordinance Amending the Saint Paul Code of Ordinances by adding a new Appendix B-2 relating to Northern States Power, D/B/A Xcel Energy, Gas Franchise Fee.
Article 1. Purpose.
The City granted a Gas Franchise to Northern States Power Company d/b/a Xcel Energy, its successors and assigns (the “Company”) in Ordinance No. Ord 26-40, codified in the Saint Paul Code of Ordinances at Appendix B (the “Franchise”). Pursuant to Section 8.2 (Initial Franchise Fee) of the Franchise, the City is required to reflect the franchise fee in a separate franchise fee ordinance (the “Fee Ordinance”). This Ordinance shall be the Fee Ordinance required by the Franchise.
Article 2. Franchise Fee.
Section 2.1. Initial Franchise Fee. The Company shall pay the City an initial franchise fee based upon the Company’s Gross Revenues, as defined by the Franchise, under the indicated rate classes (See attached Exhibit #1):
For any other customer classes not included in this section or modified by the Company in its gas tariffs on file with the Minnesota Public Utilities Commission, the initial franchise fee shall be five percent (5%) of Gross Revenues. The franchise fee shall be paid monthly in accordance with section 8.5 (Franchise Fee Payment) of the Franchise. The franchise fee does not include permit fees or other costs recovered from the Company by the City.
Section 2.2. Franchise Fee Reservation. The initial franchise fee shall remain in effect for the first year of the Franchise. After the first year of the Franchise, the City ...
Click here for full text