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Council approves 20-year franchise agreement with Tri County Electric, raising franchise fee to 4%
5777351 · September 16, 2025
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Summary
On second reading the council approved Ordinance 1292, a 20-year franchise agreement with Tri County Electric Cooperative that increases the franchise fee from 3% to 4% and runs through September 2045.
The City of Southlake approved Ordinance 1292 on second reading, adopting a 20-year franchise agreement with Tri County Electric Cooperative that increases the city's franchise-fee payment from 3% to 4% and extends the term through September 2045.
Sharon Jackson, the city's Chief Financial Officer, said the agreement outlines the utility's use…
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