The manufacture, sale, furnishing, transmission, and distribution of electric power
and energy by the power company within the city is hereby declared to be a special
privilege and for such privilege the power company shall pay annually to the city
a special tax, charge, or imposition, as follows:
For the year 1981 and thereafter, the power company shall pay in equal monthly installments
beginning in January of each year, the sum of twenty-six thousand fifty dollars ($26,050.00)
or an amount equal to 5.2 percent of the power company's gross residential and commercial
electric revenues as paid to it during the previous calendar year by residential and
commercial customers located within the corporate limits of the city, whichever is
greater.
(
Ord. No. 2004-20, § 4
)
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