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City of Pleasanton Operating Budget • FY 2023/24 - FY 2024/25D - 4 <br />* Projected <br />Franchise Fees <br />The City has franchise agreements with Pacific Gas & Electric, Pleasanton Garbage, Comcast and AT&T <br />Cablevision. As compensation for wear and tear on City streets, these suppliers pay the City a franchise fee <br />based on their revenue in Pleasanton as follows: <br />* Projected <br />Franchise fee revenues change when the customer base expands, when additional/fewer services are <br />used (garbage and cable), when weather impacts the use of gas or electricity, and when rates change. In <br />Feb 2020, the City Council approved the Rate Reserve Agreement with Pleasanton garbage Service, Inc. FY <br />2019/20 revenue increase includes the $2.0 million minimum reserve requirement payment in accordance <br />with this agreement. Based on historical data and trends, customer base expansion and inflation projections <br />staff estimates total franchise fee revenues of $3.1 million in FY 2023/24 and $3.2 million in the FY 2024/25. <br />Electricity 0.5% <br />Gas 1.0% <br />Garbage 3.5% <br />Cable 5.0%