Raise PG&E franchise fees to collect additional city revenue

PG&E Franchise FeesGovernance

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.