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Council reviews proposed 20-year Midwest Energy franchise ordinance
Summary
Midwest Energy presented a drafted franchise ordinance that would extend the franchise term from 10 to 20 years and leaves existing compensation at 3% of gross natural-gas revenue and 3 cents per therm; the council asked staff and committees to review the draft.
The Phillipsburg City Council heard a presentation from James Wright of Midwest Energy on a drafted ordinance that would change the city's franchise agreement with the utility from a 10-year term to a 20-year term. The current compensation language in the draft retains a 3% payment of gross natural-gas revenue and a 3-cent-per-therm payment for gas transported to customers inside city limits.
Councilmembers did not vote on the ordinance at the July 20 meeting; instead they asked staff to circulate the draft to council committees and return with recommendations. No committee-level changes were read into the record at the meeting, and no specific timetable was set for committee reviews or a formal first reading.
