§ 2. GRANT.

(a)

There is hereby granted to Company the non-exclusive right, privilege, and franchise to construct, maintain, extend, operate, reconstruct, and replace Facilities for its Electric Utility System in, through, and along the Right-of-Way of the City for the provision of Electric Utility Services to the City, the inhabitants thereof, and persons and corporations beyond the limits thereof, for the full term of this franchise under the terms and conditions herein set forth.

(b)

This franchise does not authorize the Company to use its existing Facilities, or to construct new Facilities, in order to provide cable television service, telecommunications service, network access service, internet access service, leased fiber optic services, video programming service, or any other telecommunications or telephony service to existing or potential customers, and such services are not permitted under this franchise.

(c)

The Company must revise its franchise fee payments due to any expansion or reduction by annexation or contraction within a reasonable time after receipt of notice from the City, but in no event later than thirty (30) calendar days after receipt of such notice.