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4.7 SR 12-16-2024City of Elk - River To City Council Meeting Date December 16, 2024 Request for Action Item Number 4.7 Prepared By Cal Portner, City Administrator Item Description Reviewed by Resolution 24-77 Approving an Amendment to the Cal Portner Minnesota Municipal Power Association Agency Tina Allard Action Requested Adopt, by motion, Resolution 24-77 approving an amendment to the agreement with the Minnesota Municipal Power Agency. Background/Discussion The Minnesota Municipal Power Agency (MPPA) Board of Directors has recommended an amendment to their agency agreement with regard to weighted voting for the approval of new members and the issuance of debt. Currently, members who have MMPA-invested capital transmission and distribution service get voting -weight credit for that power they do not provide. The amendment would only allow weighted votes for the megawatt -hours that agency purchases from MPPA each year. Financial Impact No financial impact. Mission/Policy/Goal Elk River Mission Statement Attachments 1. 2024-1 1 - 5.13 - Amendment to MMPA Agency Agreement 2. 2024-1 1 - 5.13a - MMPA Member Voting Totals, 2024 3. 2024-1 1 - 5.13b - MMPA Resolution 2024-01 (Amending Agency Agreement - Weighted Voting Totals) 4. Resolution No. 24-13 - ERMU Resolution No. 24-13 Approving Amendment to MMPA Agency Agreement 5. RESOLUTION 2024 MMPA Agency Agreement The Elk River Vision A avelcoming community with revolutionary and spirited resourcefulness, exceptional service, and community p p W E R E U A Y engagement that encourages and inspires prosperity 273 ��i Elk River Municipal Utilities UTILITIES COMMISSION MEETING TO: FROM: ERMU Commission Mark Hanson — General Manager MEETING DATE: AGENDA ITEM NUMBER: November 12, 2024 5.13 SUBJECT: Amendment to Minnesota Municipal Power Agency Agreement ACTION REQUESTED: Approve ERMU Resolution 24-13 Amending the MMPA Agency Agreement BACKGROUND: Minnesota Municipal Power Agency (MMPA) is requesting approval of the attached agency amendment regarding weighted voting to their power sales agreement with ERMU. Weighted voting totals are used for specific actions of the MMPA Representatives, such as approving new members and approving the issuance of debt. Currently, each MMPA member gets one weighted vote, plus another vote for every 5,000 Megawatt -hours (MWh) it purchases from MMPA in a year. The current weighted voting totals for 2024 are attached for reference. DISCUSSION: The MMPA Board of Directors identified an issue with the current weighted voting definition. A member could receive a disproportionate number of votes from sales to a large customer if MMPA invested capital to provide transmission and distribution service to the customer, rather than the member. MMPA's Representatives approved an amendment to MMPA's Agency Agreement changing how weighted votes are calculated. The amendment would exclude Megawatt -hours delivered to a customer when MMPA has made the investment in transformation or other facilities to directly serve the customer, rather than the member. NEXT STEPS: MMPA's Agency Agreement requires approval by two thirds of members' governing bodies. This means that approval is needed by the Elk River City Council in addition to the ERMU Commission. ERMU staff will work with city staff to facilitate the council approval process. ATTACHMENTS: • MMPA Member Voting Totals, 2024 • MMPA Resolution 2024-01 (Amending Agency Agreement —Weighted Voting Totals) • ERMU Resolution 24-13 Amendment to MMPA Agency Agreement Page 1 of 1 Page 80 of 273 Anoka Arlington Brownton Buffalo Chaska East Grand Forks Elk River Le Sueur North St. Paul Olivia Shakopee Winthrop Total MMPA Member Voting Totals - 2024 Source: Agency Agreement, MMPA 2023 MWh Purchases Allocation of Votes to Members % Allocation I of Votes One Vote Additional I Votes I Subtotal Weighted I Vote (1) (2) (3) 274,011 1 54 55 55 14.03 % 22,036 1 4 5 5 1.28% 4,994 1 0 1 1 0.26% 126,652 1 25 26 26 6.63% 422,930 1 84 85 85 21.68% 89,355 1 17 18 18 4.59% 341,682 1 68 69 69 17.60% 89,251 1 17 18 18 4.59% 75,181 1 15 16 16 4.08% 6,698 1 1 2 2 0.51 % 461,469 1 92 93 93 23.72% 16,675 1 3 4 4 1.02 % 1,930,931 12 380 392 392 100.00% (1) Each Member is allocated one vote. (2) Each Member is allocated "one additional vote for each full 5,000 megawatt hours of electric energy purchased from the Agency by the Member during such Member's most recent fiscal year". (3) If votes allocated to any Member pursuant to clauses (1) and (2) of Member Agreement "would equal or exceed the total number of votes allocated to all other Members, its allocation of votes shall be reduced to one vote less than those allocated to all other Members". APPROVED BY BOARD OF DIRECTORS SECRETARY Mark Hanson DATE: Z 0.2 Page 81 of 273 MINNESOTA MUNICIPAL POWER AGENCY (THE "AGENCY") RESOLUTION 2024-01 OF THE REPRESENTATIVES OF THE AGENCY WHEREAS, the Board of Directors has recommended an amendment to the Agency Agreement, and WHEREAS, The Representatives of the Agency have discussed and studied the proposed amendment to the Agency Agreement and are collectively of the opinion that the proposed change to the Agency Agreement is necessary and appropriate and will facilitate the goal of the Agency to provide economic and reliable power to its members; and WHEREAS, in accordance with Section 9(L) of the Agency Agreement (i) at least two-thirds of the Representatives of the Agency, each casting one vote and (ii) at least two-thirds of the total number of votes capable of being cast by all Representatives in accordance with the currently effective weighted voting formula approve the following amendment. NOW THEREFORE BE IT RESOLVED by the Representatives of the Minnesota Municipal Power Agency: 1. That the Agency Agreement be amended by changing Section 9(C) to read as follows: 9(C) Voting. Except as otherwise expressly provided in this Agency Agreement, each action at any meeting of the Representatives shall be taken by a majority of the votes cast on the question by the Representatives present, each exercising a number of votes allocated to the Member he or she represents as follows (referred to herein as a "weighted vote"): (1) one vote; plus (2) one additional vote for each full 5,000 megawatt hours of electric energy purchased from the Agency by the Member during such Member's most recent fiscal year. Any electric energy purchased from the Agency during the Member's most recent fiscal year to serve a customer where the Agency (a) has invested in transformation or other facilities to serve said customer and (b) is providing electric power and energy to the Member to serve the customer pursuant to a special rate structure (such as a transmission transformed contract) shall be excluded from the additional vote calculation in the preceding sentence; plus Page 82 of 273 (3) if the votes allocated to any Member pursuant to clauses (1); and (2) would equal or exceed the total number of votes allocated to all other Members, its allocation of votes shall be reduced to one vote less than those allocated to all other Members. The allocation of votes to each member shall be made in accordance with the formula outlined above as soon as practicable after the beginning of each Fiscal Year. The allocation shall be made by the Secretary of the Municipal Power Agency based upon rfifiGate of the Commission or Representative of the Membar the Municipal Power Agency's billing files, and such allocation shall be verified by the Board of Directors. Each such allocation shall remain effective until such time as a new allocation is made for the next Fiscal Year. 2. That each Member be provided with a proposed resolution of approval and concurrence to be adopted by the Member's City Council and (as appropriate) Utility Commission. 3. That this resolution, together with the concurring resolutions of City Councils and Utility Commissions of Members, be filed with the Secretary of State of the State of Minnesota. FOR ADOPTION: / 1 j / 0 C L ,4Ac4- / �Hfr"1Io CSC ci/ f 5� lSr'`rY/1 �L� L)F I� v� lR J�1���� JVWkp�C{/ W�n'lMraD AGAINST ADOPTION: Adopted and passed this 22nd day of October, 2024. A4-1 �4 Chairman ATTEST: Secretary 2 Page 83 of 273 RESOLUTION NO. 24-13 BOARD OF COMMISSIONERS ELK RIVER MUNICIPAL UTILITIES A RESOLUTION APPROVING AMENDMENT TO MMPA AGENCY AGREEMENT WHEREAS, Elk River Municipal Utilities is a member of the Minnesota Municipal Power Agency ("MMPA"); and WHEREAS, that relationship is defined by the MMPA Agency Agreement dated May 28, 2013; and WHEREAS, the Board of Directors has identified an issue with the current weighted voting system; and WHEREAS, on October 22, 2024, the Board of Directors approved Resolution 2024-01 to amend section 9(c) of the Agency Agreement ("Amendment Resolution"); and WHEREAS, in order for the amendment to be effective, each member's City Council and controlling Utility Commission must also approve the amendment. WHEREAS, ERMU wishes to approve and concur with amendment on voting and the Amendment Resolution. NOW, THEREFORE, BE IT HEREBY RESOLVED BY THE BOARD OF COMMISSIONERS OF ELK RIVER MUNICIPAL UTILITIES, BASED UPON THE FOREGOING RECITALS INCORPORATED HEREIN, AS FOLLOWS: 1. The Commission approves and concurs with the Amendment Resolution and its proposed amendment to Section 9(c) of the Agency Agreement. This Resolution Passed and Adopted this 12th day of November, 2024. AnDietz, air Mark Hanson, General Manager 233287v1 Page 84 of 273 City of El*.=: Rver City of Elk River City Council Resolution 24-77 A Resolution of the City Council of the City of Elk River Approving an Amendment to the MMPA Agency Agreement WHEREAS, Elk River Municipal Utilities is a member of the Minnesota Municipal Power Agency ("MMPA"); and WHEREAS, that relationship is defined by the MMPA Agency Agreement dated May 28, 2013; and WHEREAS, the Board of Directors has identified an issue with the current weighted voting system; and WHEREAS, on October 22, 2024, the Board of Directors approved Resolution 2024-01 to amend section 9(c) of the Agency Agreement ("Amendment Resolution"); and WHEREAS, in order for the amendment to be effective, each member's City Council and controlling Utility Commission must also approve the amendment; and WHEREAS, Elk River Municipal Utilities approved and concurred with the amendment on voting and the amendment resolution on November 12, 2024. NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Elk River, Minnesota, as follows: approves and concurs with the Amendment Resolution and its proposed amendment to Section 9(c) of the Agency Agreement. Passed and adopted this 16"' day of December 2024. John J. Dietz, Mayor ATTEST: Tina Allard, City Clerk POWERED R1 NA UR Page 85 of 273