Ordinance Proposes 3% Franchise Fee on MidAmerican Energy
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Description
Grimes City Council is weighing the second consideration of Ordinance 812 to impose a 3% franchise fee on MidAmerican Energy Company. The fee would be assessed on gross revenues from electricity and natural gas sales and distribution within the city.
Contract Details
Contract Amount
Three Percent (3%) of gross revenues from electricity and natural gas sales and distribution within city limits
Vendor
MIDAMERICAN ENERGY COMPANY
Agency
City of Grimes, IA
Contract Type
UTILITIES
Document Date
May 12, 2026
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