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5.2. ERMUSR 11-13-2007Elk Ri Municipd Ut lities 13069 Orono Parkway • P.O. Box 430 Elk River, MN 55330-0430 November 5, 2007 To: Elk River Municipal Utilities Commission Jerry Takle Jerry Gumphrey Jim Tralle From: Bryan Adams Subject: Wholesale Electric Power Costs Phone: 763.441.2020 Fax: 763.441.8099 We just received confirmation that Great River Energy's rate would only increase by 8.5% instead of the earlier projection of 9.5%. Apparently Great River Energy members are balking at the proposed large rate increase. Attached are Great River Energy's again revised proposed demand and energy rates for 2008. See the bottom portion of the attached spread sheet. Because Elk River Municipal Utilities has different demand/energy ratios and different on peak/off peak ratios our percent increase is different. Typically we have passed on the electric wholesale rate to our customers which equates to $1,375,698 increase or $.0061/KWH. This is also our 2008 budget assumption. Great River Energy Elk River, Minnesota N 2008 Wholesale Rates Revision: Ninth CONFIDENTIAL Power Factor A power factor penalty charge shall be assessed to member systems that have not installed capacitor additions in accordance with the annual recommendations of GRE. The amount of kilovar (KVAR) penalty will be determined by the deficiency between the actual KVAR installed and the recommended KVAR. The penalty charge for any such deficiency is $1.00 per KVAR per month. Power Cost Adjustment The wholesale capacity and energy rates contained herein are subject to a monthly power cost adjustment mechanism described in the PPC and set forth in Special Rate Rider P of this schedule. 2008 Monthly Rates Members shall pay GRE each month for all power, energy and delivery services ft mashed at the following rates from their res ective Member Resource Pool: Charge Type Member Resource Pools All -Requirements 11/2006 Power SUDDIV Services Capacity Charge (per kW -month) $ 4.61 $ 4.61 Summer (Jun, Jul, Aug) $ 12.54 $ 13.62 Winter (Jan, Feb, Dec) $ 8.36 $ 9.08 Spring/Fall (Mar, Apr, May, Sep, Oct, Nov) $ 4.18 $ 4.54 Reactive Supply and Voltage Control $ 0.22 $ 0.22 Energy Charge(per kWh $ 0.15 $ 0.15 Critical -peak (Up to 40 hours*) $ 0.09535 $ N/A On -peak (Mon -Fri", 10:00-20:00 CPT) $ 0.04406 $ 0.04307 Off-peak (All hours not designated as Critical -peak or On -peak) $ 0.02927 $ 0.02791 Delivery Services Transmission Charge(per kW -month $ 4.61 $ 4.61 Ancillary Service Charges(per kW -month $ 0.61 $ 0.61 —Scheduling & System Control $ 0.07 $ 0.07 Reactive Supply and Voltage Control $ 0.22 $ 0.22 —Regulation and Frequency Response $ 0.15 $ 0.15 —Operating Reserve - Spinning $ 0.14 $ 0.14 Operating Reserve - Other 1 $ 0.03 $ 0.03 Gnucai-peak pends will be declared by GKE no later than 16:00 CPT on the day(s) prior to actual use and are subject to other specifications contained in the PPC. * Excludes the following holidays if they fall on a weekday: New Years Day, Memorial Day, Independence Day, Labor Day, Thanksgiving Day and Christmas Day. 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