Meeting Summary
The city council held a discussion regarding the renewal of the OG&E franchise agreement. OG&E presented a Memorandum of Understanding and a proposed 25-year franchise agreement, outlining commitments to renewable energy exploration and financial contributions. Council members expressed significant concerns about the 25-year term, lack of recourse for the city, and the need for explicit, binding commitments to transition away from fossil fuels and increase renewable energy benchmarks for Norman. No final action was taken, and the agreement is expected to be revised.
Financial Matters
Annual Franchise Fee
OG&E will pay 3% of its gross revenues from electricity sales to the city annually.
Free Electric Current for Municipal Use
OG&E will furnish free electric current for traffic signals and municipal buildings, up to 0.5% of kilowatt hours sold to Norman customers.
Downtown Distribution Service Investment
OG&E has invested in revitalizing downtown distribution service.
Coming Up
Tabled
- Revised OG&E franchise agreement for further consideration and vote.
Watch For
- Further discussions on OG&E franchise agreement with revised language on renewable energy commitments and recourse mechanisms.
- Formation and activities of the ad hoc committee on renewable energy solutions.
Announcements
- Recognition of Councilman Hickman for his hard work on behalf of the city in the downtown area.
Agenda Summary
Discussion regarding the OG&E franchise and related agreements and programs
Presentation and discussion concerning the proposed renewal of the 25-year franchise agreement between the City of Norman and OG&E, including a Memorandum of Understanding outlining commitments to renewable energy initiatives, reliability reporting, and an ad hoc committee.