Common use of Franchise Fees Clause in Contracts

Franchise Fees. ISSUE: San Xxxxxxx calculated the Franchise Fees rate based on Total Revenues less Other Operating Revenues (Accounts 611 and 614), but erroneously applied the Franchise Fees rate to Total Revenues in the forecasted years. RESOLUTION: San Gabriel and DRA agree that the Franchise Fees total should be based on Total Revenues less Other Operating Revenues. Issue SGV Direct SGV Rebuttal DRA Report Difference Settlement Franchise Fees Rate 0.6857% 0.6857% 0.6857% none 0.6857% Franchise Fees (at present rates) $395,100 $390,100 $392,400 $2,300 $390,700 REFERENCES: Exhibit SG-1, p. 6-2 and Tables 6B and 11B; Exhibit SG-9 (Xxxxx), p. 11; Exhibit SG-22 (Xxxxx), p. 2; Exhibit DRA-1 (Xxxxxxxxxx), p. 5-3.

Franchise Fees. ISSUE: San Xxxxxxx calculated the Franchise Fees rate based on Total Revenues less Other Operating Revenues (Accounts 611 and 614), but erroneously applied the Franchise Fees rate to Total Revenues in the forecasted years. RESOLUTION: San Gabriel Xxx Xxxxxxx and DRA agree that the Franchise Fees total should be based on Total Revenues less Other Operating Revenues. Issue SGV Direct SGV Rebuttal DRA Report Difference Settlement Franchise Fees Rate 0.6857% 0.6857% 0.6857% none 0.6857% Franchise Fees (at present rates) $395,100 $390,100 $392,400 $2,300 $390,700 REFERENCES: Exhibit SG-1, p. 6-2 and Tables 6B and 11B; Exhibit SG-9 (Xxxxx), p. 11; Exhibit SG-22 (Xxxxx), p. 2; Exhibit DRA-1 (Xxxxxxxxxx), p. 5-3.