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users and then the balance being significantly smaller and within a reasonable distribution. The <br />number of accounts impacted and the relationship is as follows: <br />ELECTRIC <br /># of Accounts <br />Overall Revenue % <br />Residential 4,854 87.6 47.4 <br />Sm C & I — Non -Dem 487 8.8 9.9 <br />Sm C & I — Demand 161 2.9 19.2 <br />Large C & I 24 .4 22.2 <br />Public Street Ltg 14 .3 1.2 <br />Muni Pumping — N/D 7 -- <br />Muni Pumping — Dem 2 <br />Total 5,549 100.0% 100.0% <br />GAS <br /># of Accounts <br />Overall Revenue <br />Residential 2,540 84.3 50.5 <br />Comm. Firm - N/D 391 13.0 16.0 <br />Comm. Firm — Dem 72 2.4 25.0 <br />Small Interruptible 9 .3 8.5 <br />Med. & Lg Interruptible <br />Firm Transportation <br />Interruptible Transp. <br />Total 3,012 100.0% 100.0% <br />In summary, it appears that if the City wants to collect franchise fees for the last three months of <br />2003, it would need to accept Xcel's flat fee offer with one modification. Xcel suggested at the <br />meeting that the flat fee for residential gas and electric be equalized at $1.25 as opposed to $1.50 and <br />$L00 respectively. With this modification, the Xcel proposal would produce $203,293 in fees. <br />The alternative is to test Xcel's interpretation of the Statutes and continue to negotiate a new <br />agreement that allows for a percentage fee. Our current ordinance does not provide for the adoption <br />of a franchise fee and it is unlikely that Xcel would honor any fee ordinance the City enacts in <br />connection with the existing agreement. Therefore, this could be a lengthy process. The prior matrix <br />of possible fee combinations is attached as Attachment D. A fee of 3% for electric and 1% for gas <br />-2 <br />