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Commission approves first reading of Central Florida Electric Cooperative franchise ordinance
Summary
On first reading the commission approved an ordinance granting Central Florida Electric Cooperative a 30‑year franchise to operate in a defined territory, establishing a phased franchise-fee schedule and allowing fee incentives for economic development; the ordinance moves to second reading in April.
The City of Newberry on Monday approved on first reading an ordinance granting the Central Florida Electric Cooperative (CFEC) a 30‑year electrical franchise and set a phased franchise-fee schedule to be collected from CFEC operations within the city's defined territory.
City staff explained that franchise agreements are contracts allowing utilities to use municipal rights-of-way to deliver service in exchange for compensation that…
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