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4.1. ERMUSR 07-12-2011Elk River Municipal Utilities 13069 Orono Parkway • P.O. Box 430 Elk River, MN 55330-0430 UTILITIES COMMISSION MEETING Phone: 763.441.2020 Fax: 763.441.8099 TO: FROM: Elk River Municipal Utilities Commission Troy Adams, P.E. -Utilities Director John Dietz -Chair Daryl Thompson -Vice Chair Al Nadeau -Trustee MEETING DATE: AGENDA ITEM NUMBER: July 12, 2011 4.1 SUBJECT: Power Su ply Options /Resource Plannin Update BACKGROUND: In September 2008, Connexus Energy terminated the ] 0-yeaz rolling "all requirements" power contract with Elk River Municipal Utilifies. In April 2010, the Utilities Commission authorized entering into "Phase 1" of a resource planning study with a coalition which includes Central Minnesota Municipal Power Agency (CMMPA) as a participant. In September 2010, the Utilities Commission authorized entering into "Phase 2" of a resource planning study which includes the release of a Request For Proposal (RFP). The RFP was issued on November 15, 2010. In May 2011, the Utilities Commission authorized entering into "Phase 2b" of the resource planning study which will include risk assessment of the proposals. DISCUSSION: On July 1 s`, Commissioner Al Nadeau participated in a conference call with CMMPA to go over the Resource Planning Coalition and RFP process to date. On August 18s', Commissioner Al Nadeau and I will be attending a presentation of bid results at the CMMPA office in Blue Earth, MN. A presentation to the Commission is tentatively scheduled for this fall. Concurrently, ERMU has been working with SAIC / R. W. Beck on developing a scope of work for a power contract analysis. This analysis would compare the results of the Resource Planning Coalition RFP and CMMPA recommended portfolio options with the power contract proposal from Connexus and Great River Energy. if one is completed by the July 11`" Commission meeting a task authorization memo from SAIC / R. W. Beck that describes the scope of the analysis will be provided for Commission review.