Approve $4.6 million settlement with PG&E increasing utility franchise fees
In Plain English
The city collects fees from PG&E for running power and gas lines through city streets. PG&E currently pays 0.5% of electric revenue and 1% of gas revenue as fees. After a 5-year dispute and arbitration, this settlement raises fees and adds surcharges. The city gains $200,000 annually for 4 years plus $3.8 million total by 2025.
Auto-generated summary. Source: official agenda documents.
Votes
To approve said appropriation, receive the first reading of the ordinances, lay the ordinances over for two weeks for the second readings, and include the modification requested by the city attorney regarding the CPUC hearing
7 to 0
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