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6.1a ERMUSR 06-13-2023Elk River Municipal Utilities UTILITIES COMMISSION MEETING TO: FROM: ERMU Commission Mark Hanson — General Manager MEETING DATE: AGENDA ITEM NUMBER: June 13, 2023 6.1a SUBJECT: Staff Update ACTION REQUESTED: None DISCUSSION: • Following a successful kickoff meeting last week with our meter supplier, Core & Main, we have scheduled a similar kickoff meeting with TKDA, our construction services consultant, on Monday, June 12. TKDA has been hired to assist us with developing bid documents, selecting contractors, and providing administrative support (contract management and inspection). We expect to have separate installation contractors for electric and water meters. Our goal is to select both contractors by September 2023. A full communications plan regarding our related public education efforts is forthcoming. • A friendly reminder that Minnesota Municipal Utilities Association's (MMUA) Summer Conference is August 21-23 at the Duluth Entertainment Convention Center. Please get your registration needs to Kathy as soon as possible. Per MMUA: the Summer Conference is designed to offer must -have information to address the most pressing challenges facing utilities and opportunities to network with other hometown utility leaders from across the state. Our 2023 conference theme is Resiliency. Sessions will focus on the flexibility and recovery characteristics of utility infrastructure and operations as well as on techniques that will help utilities avoid or minimize disruptions during extraordinary events. You will be able to choose from four unique conference tracks (governance, leadership, electric, and water/wastewater) to maximize your learning. • Last week, in my mid -month update, I described the added process our customer service staff will be using to promote customer participation in the Clean Energy Choice renewable energy program. Staff are asking new customers if they'd like to participate in the program during the account set up process. I'm happy to report that since its implementation two weeks ago, the new process has yielded seven (7) new Clean Energy Choice enrollments. Kudos to our customer service staff for their great work! Page Iof2 • Minnesota Municipal Power Agency (MMPA) has shared the following with us regarding Xcel Energy's rate case: The Minnesota Public Utilities Commission (PUC) decided Xcel's rate case on Thursday afternoon. It appears that final rates for 2023 will be somewhat lower than 2023 interim rates. This is expected to result in rate refunds for Xcel customers. Final rates and the amount of refund will be known after Xcel decides whether to seek reconsideration of the PUC decision and Xcel has calculated final rates. We estimate this could take between one and three months. MMPA's wholesale rate is expected to remain lower than Xcel's A15 rate. However, in late summer or early autumn Xcel is expected to refund part of the interim rate for 2022 and a little over half of 2023. The refund will make Xcel's rate appear to be competitive with MMPA in the month of refund. Attached are two articles regarding the outcome of the rate case, one from the Star Tribune and one from Minnesota Public Radio. ATTACHMENTS: • Star Tribune — Xcel will reassess investments in Minnesota after regulators' rate hike decision • MPR — State regulators approve 9 percent electric rate increase for Xcel Energy Page 2of2 169