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11-29-2023 Council Packet
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11-29-2023 Council Packet
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City of Little Canada <br />Franchise Fee Estimate – Gas and Electric <br />May 2023 <br /> <br />The following information is being provided to assist your community in discussions regarding <br />franchise fees. Given market sensitivity to electric and gas rates, we strongly encourage <br />the city to reach out to residents and businesses regarding franchise fees. <br /> <br />• Information based on a one-year average, ending May 2023. <br />• Fee amounts are rounded to the nearest $0.25 and applied as a flat fee. <br />• The table below shows the fee that would be reflected on a customer’s monthly bill. <br />• Franchise fees must be applied equally to all energy providers. <br />• Franchise Fees are collected in lieu of any other permit fees. <br />• Xcel Energy retains no portion of a franchise fee. <br /> <br />Franchise Fee: Gas <br />Customer class Current Monthly Fee Proposed Monthly Fee <br />Residential $1.75 <br />Commercial Non-Demand $7.00 <br />Commercial Demand $11.00 <br />Small Interruptible $45.00 <br />Medium and Large Interruptible n/a <br />Firm Transportation n/a <br />Interruptible Transportation n/a <br /> <br />Annual Revenue <br /> <br />$0 <br /> <br /> Est. $99,120.00 <br /> <br /> <br />Franchise Fee: Electric <br />Customer class Current Monthly Fee Proposed Monthly Fee <br />Residential $2.75 $3.75 <br />Small C&I – Non Demand $5.25 $6.75 <br />Small C&I – Demand $40.00 $40.00 <br />Large C&I $230.00 $525.00 <br />Street Lighting $2.00 $3.75 <br />Municipal Pumping $3.00 $3.75 <br /> <br />Annual Revenue <br /> <br />$359,262.00 <br /> <br />Est. $541, 260.00 <br /> <br /> <br />Please let me know what further questions I can answer about franchise fees and the <br />implementation process. <br /> <br />Kirstin Sersland <br />Manager, Community Relations <br />Kirstin.M.Sersland@xcelenergy.com <br />651.458.1228
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