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An election to create a formal Franchise Agreement between Oklahoma Natural Gas and the City of Edmond is on the ballot for all Edmond voters on Tuesday, March 2nd. This agreement has been requested by Oklahoma Natural Gas to replace the city's Gross Receipts Ordinance.
Since 1938, Edmond has had a Gross Receipts Ordinance for natural gas, which was last amended in 1954 and specifies that the City receives 2% of those revenues. If approved by local voters the City of Edmond will begin receiving 3% of such revenues, and that 1% increase is roughly estimated to be about an additional $300,000+ in additional General Fund revenue.
This same item is on the ballot in other cities including Yukon and Moore, and was approved previously in Oklahoma City, Midwest City and Tulsa. For additional information or questions, please visit https://www.oklahomanaturalgas.com/customer-awareness/edmond-franchise.