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Franchise Fees <br />The City has franchise agreements with Pacific Gas & Electric, Pleasanton Garbage, Comcast <br />and AT&T Cablevision. As compensation for wear and tear on City streets, these suppliers <br />pay the City a franchise fee based on their revenue in Pleasanton as follows: <br />FRANCHISE FEES <br />6p0 ,OW <br />SpaOAoo <br />Electricity 0.5% <br />4=,OW <br />Gas 1.0% <br />Garbage 3.5% <br />Cable 5.0% <br />* Projected <br />Franchise fee revenues change when the customer base expands, when additional/fewer <br />services are used (garbage and cable), when weather impacts the use of gas or electricity, <br />and when rates change. In February 2020, the City Council approved the Rate Reserve <br />Agreement with Pleasanton Garbage Service, Inc. FY 2019/20 revenue increase includes the <br />$2.0 million minimum reserve requirement payment in accordance with this agreement. <br />Based on historical data and trends, customer base expansion and inflation projections staff <br />estimates total franchise fee revenues of $3.5 million in FY 2025/26 and $3.5 million in the FY <br />2026/27. <br />