2.6 ERMUSR 08-09-2022______________________________________________________________________________
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UTILITIES COMMISSION MEETING
TO:
ERMU Commission
FROM:
Theresa Slominski – General Manager
MEETING DATE:
August 9, 2022
AGENDA ITEM NUMBER:
2.6
SUBJECT:
Amendment to MMPA Power Sales Agreement
ACTION REQUESTED:
Approve the Amendment to MMPA Power Sales Agreement
BACKGROUND:
As explained at their annual meeting, Minnesota Municipal Power Agency (MMPA) is
requesting approval of the attached amendment to the power sales agreement between ERMU
and themselves. This will effectively extend our contract from 2050 to 2060.
DISCUSSION:
MMPA is requesting this amendment because it will allow the Agency to issue 30-year debt
through the year 2030. The ability to issue 30-year debt is key to helping the Agency keep
member rates competitive. Both MMPA and ERMU are pleased with the consistent track record
of reliable, competitively priced power that MMPA has provided for the past four years. MMPA
is asking all its member communities to extend their contracts and hope to have the process
completed by November in as many communities as possible.
ATTACHMENTS:
• Amendment to MMPA Power Sales Agreement
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