city_of_hedrick_regular_council_meeting_agenda_jan.pdf
25-year Electric Franchise Granted to Interstate Power and Light
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Description
The City of Hedrick approved Ordinance No. 1-2026 granting Interstate Power and Light Company a 25-year non-exclusive electric franchise, including a 5% franchise fee on electricity sales within city limits. The ordinance details operation, relocation, and fee collection requirements.
Contract Details
Vendor
INTERSTATE POWER AND LIGHT COMPANY
Agency
City of Hedrick, IA
Contract Type
UTILITIES
Document Date
January 5, 2026
Contract Term
Twenty-five (25) years from effective date; option to amend or terminate at 10 years
Renewal Date
2051-01-05
Renewal Info
Franchise can be amended or terminated at the 10-year mark with 90-180 days prior notice; if not terminated, continues for remaining 15 years.
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