§ 13-148. Gas and electric company.

(a)

Oklahoma Gas and Electric Company or any other gas and electric company, which is conducting or carrying on business in the city under a franchise from the city shall pay to the city a privilege-franchise charge in the amount of four and one-quarter (4.25) percent of the gross sales of its services and product by such company in each preceding calendar quarter to its residential, commercial and industrial customers within the corporate limits of the city.

(b)

The privilege-franchise charge shall be payable on or before April 30, 1990, for the calendar quarter ending March 31, 1990, and quarterly thereafter on or before the thirtieth day of each month following the end of the preceding calendar quarter.

(c)

As an incident to the privilege and franchise hereby extended, Oklahoma Gas and Electric Company shall have the right to occupy present or future streets, highways, alleys or other public ways of the city for the purpose of carrying on its public utility business.

(d)

Either prior to or concurrently with the payment of such privilege-franchise charge, Oklahoma Gas and Electric Company shall submit to the city a copy of a financial statement reporting the gross revenues of the company from its operations within the city for the applicable fiscal period. The city shall have the right to inspect, either by employees or by an independently retained certified public accountant, at any reasonable time, the financial records of the company relating to the company's revenues from the above listed classes of customers within the city.

(Ord. No. 94-89, § II, 11-21-89; Ord. No. 5-90, 1-2-90; Ord. No. 12-90, 1-16-90; Ord. No. 79-17, § 3, 12-19-17)

Cross reference

Franchise fee, § 22-1; odorization of natural gas, § 17-1.