Sioux City Approves Franchise Fee Settlement
As cities across Iowa face lawsuits over allegedly excessive franchise fees, Sioux City, Iowa, has agreed to settle and absorb the cost of nearly $6.5 million in refunds to be paid to residents who were overcharged for franchise fees on their utility bills. The Sioux City settlement agreement stems from a 2006 class action lawsuit filed by those who paid franchise fees for gas or electricity to MidAmerican Energy Company or Woodbury County Rural Electric Cooperative from Sept. 5, 2001, to May 25, 2009. Read more about this story here.