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Chaska council approves 20-year CenterPoint Energy franchise and 5% franchise fee
Summary
The council adopted a new 20-year gas franchise agreement with CenterPoint Energy and replaced a fixed-fee structure with a 5% franchise fee; three separate motions passed unanimously.
The Chaska City Council on Monday adopted a new 20-year franchise agreement with CenterPoint Energy and replaced an 11-year fixed-fee structure with a straight 5% franchise fee, aligning the gas utility arrangement with recently renewed electric utility agreements. City staff said the existing agreement was last renewed in 2010 and the city established a franchise fee with CenterPoint in 2014 using fixed customer charges intended to generate roughly a 5% return; that structure produced roughly a 4.25% effective rate in 2024. City staff recommended moving to a straight 5% fee and updating the franchise…
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