05(K) - Approve Franchise Agreement Renewal with Xcel Energy Report

Summary

The City Council of Prior Lake, Minnesota, is considering renewing a franchise agreement with Xcel Energy for a period of 20 years. The agreement outlines the terms and conditions for Xcel Energy to construct, operate, and maintain electric facilities within the city. The city will impose a franchise fee, which will be collected from Xcel Energy's customers. The agreement also includes provisions for service reliability, infrastructure reporting, and dispute resolution. The city council is recommending approval of the ordinance renewing the franchise agreement.

Details

Subject

Franchise Agreement Renewal with Xcel Energy

Summary

The City Council of Prior Lake, Minnesota, is considering renewing a franchise agreement with Xcel Energy for a period of 20 years. The agreement outlines the terms and conditions for Xcel Energy to construct, operate, and maintain electric facilities within the city. The city will impose a franchise fee, which will be collected from Xcel Energy's customers. The agreement also includes provisions for service reliability, infrastructure reporting, and dispute resolution. The city council is recommending approval of the ordinance renewing the franchise agreement.

Report Date

2026-04-14

Report Type

ordinance

Report Title

Approve Franchise Agreement Renewal with Xcel Energy Report

Authoring Body

City Council of Prior Lake, Minnesota

Reporting Period

20 years