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City reviews Xcel franchise renewal, staff favors near‑5% equivalent flat monthly fees; council raises affordability concerns
Summary
Staff briefed the council on a draft renewal of the Xcel Energy franchise agreement and proposed converting the current 3% gross‑earnings franchise into a flat monthly fee by customer class; staff favored a structure near a 5% equivalent.
Reid Hutton, staff member, told the council the city’s franchise ordinance with Xcel Energy (Northern States Power Company) expires in mid‑November and staff and the city attorney are finalizing a redraft for Xcel review.
Hutton explained the current ordinance charges a 3% franchise fee calculated as a percentage of the company’s gross earnings. He said the original ordinance allowed the council, after February 2015, to increase the fee to 4% but the council never acted. Hutton described a state‑level shift and Xcel…
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