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City of Lake Elmo <br />Franchise Fee Options Review <br />Sep-24 <br />Goal: Franchise fee revenue to raise $500,000 per year <br />Customer Rate Classification - Electric <br />Current Rate <br />Aug 2024 <br />Option 1 Option 2 Option 3 Option 3a Option 2 <br />Residential -$ 3.25$ 3.75$ 4.25$ 4.00$ <br />Small C&I: Non-Demand -$ 2.25$ 2.50$ 3.00$ 4.00$ <br />Small C&I: Demand -$ 19.00$ 23.00$ 26.00$ 26.00$ <br />Large C&I -$ 130.00$ 175.00$ 205.00$ 205.00$ <br />Public Street Lighting -$ -$ -$ -$ -$ <br />Municipal Pumping - ND -$ -$ -$ -$ -$ <br />Municipal Pumping - Demand -$ -$ -$ -$ -$ <br />Total Est. Annual Collection - XE Electric -$ 288,402$ 340,479$ 388,395$ 377,064$ 340,479$ <br />Customer Rate Classification - Gas <br />Current Rate <br />Aug 2024 <br />Option 1 Option 2 Option 3 Option 3 Option 3 <br />Residential -$ 1.50$ 1.75$ 2.00$ <br />Commercial Firm: Non-Demand -$ 6.00$ 7.00$ 8.00$ <br />Commercial Firm: Demand -$ 12.00$ 15.00$ 18.00$ <br />Small Interruptible -$ 70.00$ 75.00$ 80.00$ <br />Med & Lrg Interruptible -$ 125.00$ 150.00$ 175.00$ <br />Firm Transportation -$ -$ -$ -$ <br />Interruptible Transportation -$ -$ -$ -$ <br /> Est Annual Collection - XE Gas -$ 114,762$ 133,779$ 152,796$ <br /> Est Annual Collection - Centerpoint Gas**5,562$ 6,489$ 9,360$ <br />Total Est Annual Collection - Gas 120,324$ 140,268$ 162,156$ 162,156$ 162,156$ <br />TOTAL EST. ANNUAL FEE REVENUE TO CITY -$ 408,726$ 480,747$ 550,551$ 539,220$ 502,635$ <br />*All calculations are estimates & may change based upon utility customer counts in any given month <br />**Centerpoint Gas revenue calculation provided by CenterPoint Energy