Absent an agreement with the city and to the extent authorized by state law, any person providing retail utility service within the corporate limits of the city pursuant to a certificate or other authorization issued by a state regulatory authority shall pay to the city a regulatory fee equal to two percent (2%) of the gross receipts from sales within the city. The proceeds from the regulatory fee shall be used for the purpose of compensating the city for the regulatory functions provided by the city pursuant to state law; provided, however, this regulatory fee shall not include and shall be in addition to such other regulatory expenses incurred by the city and actually reimbursed by the person to the city pursuant to state law.
(Ordinance 98-04, sec. 1, adopted 1/13/98)