Raise PG&E franchise fees to collect additional city revenue
In Plain English
The city has charged PG&E 0.5% of electric revenues and 1% of gas revenues since 1958. After arbitration, the city reached a settlement that adds surcharges and increases fees. If approved, the city collects $800,000 over 4 years plus $500,000 in 2023-24 and $3.3 million in 2024-25.
Auto-generated summary. Source: official agenda documents.
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