- Electric Utility - Severance Package for Sale/Privatization of Utility. A. In the event that the City effectuates the privatization and/or sale of the Utility (Bay City Electric Light & Power), the City agrees to provide a severance pay package to the current employees in the Electric Utility Division only if these employees are unable to bump into another bargaining unit position or fail to be rehired by the purchasing entity within thirty days of the execution of the sale. Additionally, this section will be eliminated when these employees are no longer with the Electric Utility or when this language is removed from the Local #482 Collective Bargaining Agreement, whichever occurs first.
