Franchise Fee Cap. The municipal franchise fee cap is 20 percent (20%) and shall not at any time exceed twenty percent (20%), unless there has been prior Commission approval and provided that the Municipality has complied with Article 5d) below.
Appears in 3 contracts
Sources: Electric Distribution System Franchise Agreement, Electric Franchise Agreement, Franchise Agreement
Franchise Fee Cap. The municipal franchise fee cap is 20 twenty percent (20%) and shall not at any time exceed twenty percent (20%), unless there has been prior Commission approval and provided that the Municipality has complied with Article 5d) below.
Appears in 2 contracts
Sources: Franchise Agreement, Franchise Agreement