City of Iowa City StaffReport Ordinance renewing and continuing the franchise granted to MidAmerican Energy Company 2026-06-02
Iowa City Renews 5-Year Gas Franchise with MidAmerican
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Description
The City of Iowa City renews its gas franchise agreement with MidAmerican Energy Company for a final 5-year term running until December 4, 2032. The renewal maintains the 2% franchise fee, estimated to generate $1.97 million in FY27, and continues MidAmerican’s operation and maintenance of the municipal natural gas system.
Contract Details
Vendor
MIDAMERICAN ENERGY COMPANY
Agency
City of Iowa, IA
Contract Type
UTILITIES
Document Date
June 2, 2026
Contract Term
5 years (December 4, 2027 – December 4, 2032)
Renewal Date
2032-12-04
Renewal Info
Renewal for 5 years, final extension allowed; agreement self-terminates December 4, 2032, with no further renewal permitted. Previous 10-year extension approved November 1, 2016.
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