A. Any state franchise holder shall pay the franchise fee established in Section 14.48.020 and the PEG channel facilities fee established in Section 14.48.025(C) on a quarterly basis in a manner consistent with California Public Utilities Code Section 5860.

B. Any state franchise holder shall deliver to the city by check, or other means agreeable to the city manager, a separate payment for the franchise fee established in Section 14.48.020 and the PEG channel facilities fee established in Section 14.48.025(C) not later than forty-five days after the end of each calendar quarter.

C. Each payment of the franchise fee established in Section 14.48.020 delivered to the city shall be accompanied by a summary report explaining the basis for the calculation of the payment.

D. Any state franchise holder shall deliver to the city by check, or other means agreeable to the city manager, any cash payment required by Section 14.48.025(A) in accordance with the provisions of Section 14.48.025(A) and Public Utilities Code Section 5870.

E. If any state franchise holder fails to remit the franchise fee established in Section 14.48.020 when due, the state franchise holder shall remit to the city a late payment charge at the rate per year equal to the highest prime lending rate during the period of delinquency plus one percent.