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5.2. ERMUSR 01-13-2009Ji Elk River -~ Municipal Utilities 13069 Orono Parkway • PO. Box 430 Elk River, MN 55330-0430 Phone: 763.441.2020 Fax: 763.441.8099 Elk River Municipal Utilities strives to provide our customers with reliable, safe electric and water services in an environmentally responsible manner at competitive rates. Those rates, however, continue to go up. Our power supplier has advised us recently that they will increase their rate to us by 15% in 2009 and another 10% in 2010. They cite a number of factors including a decline in electric use due to a slowing economy, soaring fuel prices used to generate electricity, and additional investment in plant due to increased emphasis on environmental controls. Since wholesale power accounts for 70% of our costs, we are forced to pass on most of this increase to you. The average 2009 electric rate increase is 10%. By contrast, some utilities in the area are increasing their rates by as much as 15%. While the news isn't good, there are ways you can control costs. Consider using more efficient lighting such as CFLs and when you purchase new electric appliances, specify those that are energy star compliant. Keep the cooling coils on your refrigerators and air conditioners clean, and turn stuff off when not in use. Maybe you can even eliminate one of those refrigerators! Learn about phantom loads. These are electronic loads that continue to consume electricity when you think you have turned the device off. The U.S. Department of Energy states that 26% of the electricity consumed in homes today is used by computers, TVs, sound systems, DVD and VCR players, battery chargers, and electronic displays on devices that are not even in use but still consume electricity because they are plugged in. Google phantom loads, and you may be surprised how much you can save. If you don't have access to the Internet, contact us and we will send you the info. Watch for money saving offers included with your utility bills. They include coupons for purchasing CFLs, AC Tune-up reimbursement, energy star rebates and air conditioning rebates as well as other tips on how to save electricity and water. Thanks for your understanding and for getting serious about conserving our dwindling natural resources -let's save some for our kids! Sincerely, Vance Zehringer General Manager, Elk River Municipal Utilities ~j Elk River -== Municipal Utilities 13069 Orono Parkway • P.O. Box 430 Elk River, MN 55330-0430 January 8, 2009 TO: Elk River Municipal Utilities Commission Jerry Takle Jerry Gumphrey John Dietz FR: Vance Zehringer SUBJ: Farm Field Irrigation System Seasonal Disconnect !Reconnect Policy Phone: 763.441.2020 Fax: 763.441.8099 Expenses incurred by ERMU for disconnecting farm field irrigation system transformers in the fall and reconnecting them in the spring is an expense that can be avoided by both ERMU and the customer by implementing the attached policy. This policy also eliminates the basic monthly charge for six months annually. This is a policy similar to what Connexus Energy offers to their irrigation customers. ELECTRIC RULES FARM FIELD IRRIGATION SYSTEM --SEASONAL DISCONNECT/RECONNECT FEES Expenses incurred by Elk River Municipal Utilities (ERMU) for disconnecting farm field irrigation system transformers in the fall and reconnecting same in the spring is an expense that the irrigation customer currently reimburses ERMU for. The irrigation customer also pays the basic monthly charge for all 12 months of the year. In an effort to save both parties unnecessary expense, ERMU will offer the following options: 1. If the irrigation customer prefers to have the farm field irrigation system disconnected and/or reconnected, ERMU will provide that service at a rate of $150 per visit. In addition, ERMU will limit the $50 basic monthly charge the irrigation customer pays to six months annually including April through September. If the irrigation customer needs to water additional months, the $50 basic monthly charge will be extended to include those months as well. 2. If the irrigation customer prefers to leave the farm field irrigation system connected, and consequently, requires no intervention by ERMU personnel, no disconnect/reconnect fees will be imposed. If the system is left connected, the irrigation customer assumes all risk associated with unintentional or intentional equipment startup. The irrigation customer will be charged the $50 basic monthly fee for six months annually including April through September. If the irrigation customer needs to water additional months, the $50 basic monthly fee will be extended to include those months as well. Minnesota Municipal Utilities Association Memorandum TO: MMUA Boazd of Directors Gary Gleisner, New Ulm; Leslie Hisken, Mazshall; Jim Keinath, Circle Pines; Mike Kumm, Hutchinson; Terry Leoni, Virginia; Leland Lunos, Roseau; Dennis Rykken, Sauk Centre; Steve Shurts, Owatonna; Joe Steffel, Buffalo; Jerry Takle, Elk River FROM: Jack Kegel, Executive Director RE: Update on various activities DATE: January 5, 2009 Best wishes to everyone for a Happy New Year! This memo is intended to provide you with an overview of the primary issues and activities we aze currently working on here at MMUA. As always, if you have any questions or concerns, please give me a call. Board Vacancy. Board member Mark Petsche of Wells has relocated to Wyoming, so we have a vacancy on the MMUA board. Our past practice in the case of mid-yeaz vacancies has been for the President to appoint a new board member with the concurrence of the board. The appointed boazd member would then be eligible for election by the membership to serve the remainder of Mazk's term of office, which expires in 2010. Gas Prepay. For a bit more than two yeazs now, we have been working on a prepaid gas project to enable our municipal gas utilities to purchase a portion of their requirements at a significant discount. Gas prepays have become relatively common in recent years and this structure has been used successfully in other parts of the country. The concept involves having a municipal purchaser issue tax exempt bonds to fund the purchase of a long-term supply of natural gas. The purchaser's tax exempt cost of money is lower than the seller's taxable discount rate, and this is the primary driver of the savings. A pair of mirrored commodity swaps converts the fixed-price gas to a discount from index structure, so the parkicipating municipal gas utilities receive a known discount from the index price regazdless of whether gas prices move up or down. The transaction is structured so that the Midwest Consortium of Municipal Utilities (MCMU), our finance authority, would issue the bonds and be the purchaser of the gas. The newly established Minnesota Municipal Gas Association would take the gas from MCMU and distribute it to the municipal utilities. About a year ago, at just about the time our transaction was ready to go, the subprime mortgage meltdown seriously disrupted the tax exempt bond market, and that market has not yet recovered sufficiently to proceed with a prepay transaction. Conditions were improving last summer to the point that we anticipated closing on the prepay after Labor Day. Unfortunately, markets quickly went the other way in September, slipping into the most serious fmancial crisis our country has seen since the Great Depression. It's anyone's guess how long it will take for the financial markets to recover, but I think it's safe to assume that we will likely not be closing on a prepay deal during the current MMUA fiscal year, which ends September 30, 2009. Budget Revisions. Since the MMUA staff provides support for MCMU and MMGA, we had included some revenue and expenses from the prepay in the current MMUA budget. We have been working on reconfiguring the budget to exclude prepay revenue and expenses. We have also been working on developing some additional revenue to cover any potential shortfall. I anticipate that we will have a package of budget revisions to show you at the Winter Meeting. Nashwauk Steel Plant. An Indian company known as Essar is working to develop a new direct reduction steel plant on the edge of Nashwauk. This would be the first plant in the history of the Iron Range to produce finished steel in addition to mining and pelletizing taconite. The $1.7 billion project will be a tremendous boon for the area, but it is putting a significant strain on the resources of a small town with a population of 944 and an electric utility with 523 customers. Essar Steel Minnesota is expected to have an electric load in excess of 300 MW, which could make Nashwauk the largest municipal electric utility in Minnesota and surrounding states. MMUA is working closely with city and utility personnel to help them accomplish the many tasks that will be necessary to see the project through to completion. Bryan Adams, formerly General Manager of Elk River Municipal Utilities, is now serving as Nashwauk's director of utilities on a contract basis. Excelsior Energy. A local independent power producer known as Excelsior Energy has been working for some years to develop The Mesaba Project, an integrated gasification combined cycle (IGCC) 600 MW power plant on the Iron Range between Nashwauk and Grand Rapids. Excelsior has made a lot of progress on the legislative and regulatory front. The plant is exempt from Minnesota's certificate of need process as well as the moratorium on new coal plants. The project has attracted significant grant money to fund preliminary development, and is eligible for a federal loan guarantee that is expected to fund approximately 72% of project costs. Excelsior is looking for potential takers of the output of the project and there is some level of interest among various members of the municipal utility industry in Minnesota. The Minnesota Power wholesale customers in Northeast Minnesota have expressed an interest in considering Excelsior. They recently settled an MP wholesale rate case in which they were successful in lining up all their contract end dates so that they can consider joint participation in a generation project as an alternative to remaining as full requirements customers of MP. If the entire MP group including Nashwauk decided to 2 participate in Excelsior they could account for as much as 75% of the plant's capacity. A variety of other public power entities have also expressed some level of interest in Excelsior. It is possible, although by no means assured, that public power could take most or even all of the output of the project. MCMU has signed a nonbinding agreement with Excelsior to work with them to explore the municipals' level of interest in participating in the project. Excelsior will be compensating MCMU for its efforts, and since MMUA staff also provide staffing to MCMU, MMUA will be receiving some revenue through the MCMU-Excelsior agreement. We anticipate that the process will begin with a pair of informational meetings in January. One will be held in Grand Rapids and will be geared toward the Minnesota Power customer group. The other will be held in the Metro azea and will be geazed toward other potentially interested participants. Service Territory Negotiations. For many years the right of municipal utilities to grow with their cities has been a source of tension between municipals and co-ops. In the last 5 years or so the stakes have become higher for municipal utilities because of a series of decisions by the Minnesota Public Utilities Commission providing much higher compensation awards to the co-ops than had been seen in previous yeazs. In recent yeazs the tide has begun to turn back toward the municipals as our systems began taking service territory cases through the eminent domain process rather than proceeding to the MPUC. Decisions by the eminent domain commissioners have been much more reasonable and more in line with earlier awards. About a year ago Mark Glaess of the Minnesota Rural Electric Association approached Greg Oxley at a meeting and suggested that it might be time for the two sides to sit down at see if we could find a mutually acceptable solution to the service territory issue. After some further discussions it was agreed that we would sit down with the co-ops and attempt to resolve the issue. Each side appointed a seven member team for the negotiations, I and staff also participated. The two teams met several times over the course of several months. I think it's fair to say that both teams were committed to finding a solution and the meetings generally went well. At the conclusion of our last meeting on July 21, we had established a framework for a comprehensive service territory agreement that could be enacted into law. Only a few outstanding issues remained. MMUA staff began preparing a bill draft that would incorporate the agreement into iaw. Unfortunately, that turned out to be the last time the two sides would meet. ' MMUA's team consisted of Arlo Rude, Thief River Falls; Brad Roos, Marshall; Gary Gleisner, New Ulm; Steve Shurts, Owatonna; Al Crowser, Alexandria; Bill Schwandt, Moorhead; and Walt Lorber, Rochester. Scott Hain of Worthington was added to the group shortly after the process began, and several other municipal personnel participated in various discussions and meetings. Not long after the July 21 meeting MREA informed us that they wanted to put the process on hold while they consulted with their membership. Our sources tell us that a small but vocal group of co-ops preferred the status quo to a negotiated deal. There were also some members of the MREA board, which is composed of local co-op board members rather than system managers, who were not favorably disposed toward a negotiated settlement. We anticipated that MREA would tell us they wanted to re-open some items that had previously been agreed upon. Instead, on December 17 Norm Krause, chair of the MREA board, sent a letter to Gary Gleisner to inform us that they were terminating the process. The letter is included with this memo as Attachment A. Needless to say, this is a very disappointing end to a process that at one point appeared very promising. We anticipate that the MMUA service territory negotiating team will reconvene soon to consider an appropriate response. At this point there aze several observations we can make about the negotiation effort: • Our side was better prepazed than they were through every step of the process, a fact that was obvious to both sides. • Some players on the co-op side were probably surprised by our willingness to engage in the hard work of finding a comprehensive solution to a difficult problem, and to make the concessions necessary to enable the two sides to find common ground. • We will want to be ready in case the co-ops decide to launch a surprise attack on our right to use the eminent domain process in service territory cases. (But we think they will be cautious about picking a fight with us, having seen how well prepared we were in the service temtory negotiations.} Conservation and CIP. At the 2007 MMUA annual meeting the membership approved a resolution authorizing an assessment on electric utilities of a small percentage of their CIP requirements in order to fund an MMUA position dedicated to working on conservation and related issues. 2008 was the first year of the assessment. Bob Jagusch, formerly the Superintendent at Mora, began his employment with MMUA as Director of Energy Services on Mazch 24. Bob's first few months at MMUA were largely devoted to helping MMUA members prepare their biannual CIP reports, which were due in June. Bob worked very closely with the Office of Energy Security on preparing the filings, and as a result of his work, OES greatly simplified the reporting form. Aside from the CIP reporting process, Bob's efforts over the year break down into these broad categories: • Working with members. Bob has continued to work with MMUA members on developing and implementing programs that will enable them to make a strong effort at meeting the 1.5% savings mandate for the next reporting cycle. • Working with regulators. Bob continues to work closely with OES, to make sure that they understand what we are doing and what kinds of challenges we face. One of his current projects with OES is the development of a turnkey commercial lighting program. This program should provide most of our members with the biggest bang for their buck toward meeting their savings goals, both in terms of dollars expended and staff time. • Working with industry. Bob has spent a lot of his time representing the municipal utility sector of the industry at various conferences, meetings, and other industry events. As a result of these efforts vendors, trade allies, other utilities, and regulators aze learning a lot about what the municipals are doing and what they need. One impact of this effort has been to dispel the widely-held notion that the municipals are not really doing much in the area of conservation and renewables. We believe that these activities will pay dividends over time. • Working with the legislature. Bob's work in previous years with the Minnesota Climate Change Advisory Group has made him awell-known and highly respected voice on energy issues. Last yeaz we were fortunate to be able to draw on his expertise at several key junctures in the legislative session. We expect that we will rely on Bob's expertise once again in the 2009 session. In regards to this activity, I think it's important to note that we don't view Bob as another government relations person. We view him as a staff member with specific expertise and credibility that we can draw upon when necessary. Policy analysis. Over the past year various state, regional and federal agencies and organizations have been issuing a steady stream of papers and proposals regarding conservation, climate change (which could have a huge impact on conservation) and related issues, Bob's strong technical skills enable him to look deeply into these documents, evaluate their technical underpinnings, and provide our state and federal lobbyists with solid analysis that they can rely on in their work. 2009 and beyond. Looking back on the first year of the program, we got off the ground with a burst of activity that never really slowed down. Bob was on the road a great deal and often found himself scheduled out several weeks in advance. In short, we were so busy doing the job that we probably didn't do as good a job as we might of letting the membership know what we were doing. In the short term we are planning several things to help get the word out about what we have been have been doing and what we have accomplished in 2008. Bob and Steve Downer will be working on a program report that will be distributed to the membership in January. This effort will also provide the basis for a major piece in the January Resource on the program and what we have accomplished. We also plan to have Bob make a presentation on his efforts at the MMUA winter meeting in March. Looking ahead, we see some relatively simple things we can do to increase member awareness of what we are doing on their behalf. • Energy Services Committee. This MMUA committee has been dormant for several years. We plan to reactivate it to serve, among other things, as an advisory committee for Bob's project. The committee can help set program goals and priorities, serve as a sounding board and test bed for new ideas, and serve as a collective knowledge base regarding MMUA's efforts. We envision at this point that the committee would meet several times each year. • Periodic newsletter or reports. We could send out a periodic or as-needed a-mail newsletter or briefing on CIP and related issues. This would keep the membership much more aware and informed regarding our activities and provide them with timely information. Safety Management. Our safety management program is MMUA's largest program in terms of staff and budget, and it continues to grow. We've recently added the city employees of Shakopee and Owatonna. (We were already serving the utilities.) We have also added Little Falls, and Willmar has added a day per month to its contract. We have a proposal out to Monticello and they appear to be very interested in working with us. We also just learned that the City of Glencoe wants to join our program. (We already serve the utility.) On the negative side we just received word that the City of Elk River will be dropping our program, but we expect to continue to work with the utility. We are concerned that reductions in local government aid could put pressure on city budgets and cause some members to consider reducing or cancelling our services. Thus far, however, we haven't seen much of that. The Elk River situation seems to be more due to local politics than finances. It helps that the League of Minnesota Cities is encouraging its members to work with us. The League's endorsement carries a Iot of weight with city officials. League of Minnesota Cities Insurance Trust Program. Our partnership with the League of Minnesota Cities Insurance Trust continues to strengthen. We are now serving a number of "mini" safety groups, comprised of small cities that receive aslimmed-down version of our safety management program. The cost is very reasonable and it enables these small towns to have a basic safety program, which is a huge improvement over the status quo. LMCIT anticipates continued significant growth in this program. LMCIT Generation O&M Manual Project. We are well along in the planning process for another joint project with the League of Minnesota Cities Insurance Trust. LMCIT, which insures most municipal utility generating plants in the state, wants MMUA to play a major role in developing O&M manuals for the municipal plants. We would likely begin with about three utilities as a pilot project in 2009, then gradually work our way 6 around the state over a period of perhaps four or five years. We anticipate that Jeff Becthold will take the lead on this project. We had originally anticipated about $50,000 in revenue from this project for 2009, but Mike now thinks that our first year revenue could be significantly higher than that. We should have a good idea of how this project will look for 2009 within a few weeks. Contract Line Crew. On January 7 Mike Willetts and Jeff Becthold will meet with the City of Mora to discuss having MMUA provide line crew service to Mora on a contract basis. We understand that Mora is also considering other providers, including the local co-op, so there is no assurance at this point that we would get the contract. Mora currently has two lineworkers, a journeyman and an apprentice. If we are chosen to provide the service, we expect that the two Mora lineworkers would become MMUA employees, and a third would be hired to provide athree-person crew. We may be able to share line crew services with some other municipals in the area to help keep Mora's costs down. Oi~ice Space. As we discussed at the summer boazd meeting, we have been working with the developer of an office condo project on Highway 55 a few miles west of the current office. We have been through a couple of iterations of a space plan, which still needs some work but is starting to come together. Unfortunately, with no guarantee that we will have any gas prepay revenue to help support the operation, it would likely be a stretch to find enough revenue to support the debt service and operating costs. Our existing lease expires at the end of September 2009. After the holidays, we may want to sit down with the landlord and discuss extending our current lease for a year or two to give us some time to assess our revenue situation and staffing needs going forward. Personnel Manual. One of the things our auditors noted this year was that our personnel manual is somewhat out of date. Associated Financial Group, which serves as our insurance agent and operates our health savings account program, has a human relations consulting group which has given us a very good price for doing a complete rewrite of our personnel manual. On December 8 we had our initial meeting with David Flotten, the attorney who will be preparing the draft of our new manual. The meeting lasted 3 %2 hours and we covered a lot of ground. We were impressed with Mr. Flotten's knowledge of the subject matter. The next step will be preparation of a draft manual that we can review and comment on. When we have a draft that is ready for your consideration, Mr. Flotten will be available to present the new manual to the boazd. Tattler and Web Site. For the past 10 yeazs or so we have done a weekly legislative newsletter during the legislative session. The Capitol Tattler was a significant improvement in information flow when we implemented it, but in this era of instant information access it is beginning to seem dated. 7 This year we hope to transition the Tattler into something more like a government relations blog on the MMUA web site that can be updated by our staff whenever there is important news to convey. It could be updated several times a week if necessary. We can provide a-mail notices when new entries are posted. We think that this will be more effective in providing the membership with timely information. Government Relations. This area is and always has been one of MMUA's major activities and highest priorities. I have saved it for last only because we cover state and federal issues in two separate attachments. Greg Oxley and Bill Black have prepared a summary of the issues that we are likely to face in the 2009 Minnesota legislative session at Attachment B. Michael Nolan, our Washington Representative, has prepared a preview of the 11 l~' Congress at Attachment C. I hope that these two documents will provide you with a good overview of the kinds of issues we are likely to confront on both the state and federal level in the coming year. 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Attachment B Likely Issues - 2009 Minnesota Legislative Session The 2009 Minnesota Legislature will convene Jan. 6. As a result of November elections, the DFL party increased its majority in the House of Representatives by two seats (87-47) and in the Senate by one seat (46-21). The state's budget deficit, and how to deal with it, is expected to dominate this session. The state faces a projected deficit of $4.8 billion for the FY2010-11 budget period beginning July 1, 2009. For the current fiscal year, a $426 million budget deficit exists. That amount will decrease to $271 million after Governor Pawlenty applies the $155 million saved in budget reserves. The Governor and legislative leaders have identified three funds with remaining FY2009 money that will be tapped to alleviate this year's shortfall. They are: K-12 education, higher education and local government assistance, or "LGA." The aid to cities and counties is part of the property tax aids and credits (along with aid to homeowners and renters) that make up a little more than 9 percent of the state budget. The state in late December is scheduled to distribute $242 million in city LGA and counties are scheduled to receive $102 million in county program aid. Gov. Pawlenty may use a process known as unallotment, where he is free to act without legislative approval, for the short-term budget fix if he and the legislative majority leaders cannot find agreement on cuts together. The Governor and minority leaders (Representative Seifert and Senator Senjem) have repeatedly called the budget problem an opportunity to shrink government that comes only once every fifty years or so. DFL leaders (Speaker Kelliher and Senator Pogemiller) say the shortfall should focus the state on creating jobs for Minnesotans using, particularly, federal stimulus dollars. The Governor has explained his philosophy toward using stimulus money to address the national economy, saying "don't use a credit card to pay off credit card. debt." Thus he has refused to lobby Congress for economic stimulus money for individual projects as some cities and counties have done. Some Republicans are calling for privatizing government functions and selling state assets instead. Key issues that MMUA may have to confront in the 2009 legislative session are summarized below. Cap and Trade. Many environmental groups and a number of legislators been supportive of the development of aMinnesota-specific Greenhouse Gas Cap and Trade program. In 2008, the legislature delayed work toward aMinnesota-specific cap and trade program and instead commissioned economic impact and governance studies to be based upon a report by the Midwest Governors Association (MGA) that will describe a regional cap and trade scheme design. The MGA report was expected this year but has been delayed until early to mid 2009. Attachment C Federal Legislative Update A Preview of the 111th Congress The numbers House of Representatives: Democrats 256/Republicans 176 • IL-4 open seat, special election - Rahm Emanuel Senate: Dems 58(includes 2 Independents)/GOP 41 • MN race still outstanding but Dems with 58 seats effectively can govern with 60+ votes with GOP moderates Calendar • 111 ~' Congress convenes January 6, swearing in day • Congress will remain in session through Inauguration Day and until Presidents Day recess in mid-February Leadership No major changes: Speaker Pelosi/Majority Leader Reid; GOP House leader Boehner/Senate Minority Leader McConnell Most changes in ranks of House Republicans (spots 2-5) California clout -- Speaker Pelosi remains ambitious and aggressive, and has solidified her power: helped orchestrate the ouster of longtime Energy Committee Chairman John Dingell in favor of Californian Henry Waxman The committees - energylenvironment and taz • Biggest change is in House Energy and Commerce Committee and takeover of new chair Waxman: smart, aggressive, environmentally-driven, but seen as divisive and partisan; knows public power through LADWP (Southern CA district) • Believes in subcommittee structure but wields a heavy gavel • Subcommittee chairs still not named: possible restructuring of panels; Rick Boucher (VA) may lose energy and air quality chair to Ed Markey (MA) • Committee has named 8 new Dem members and current ratio of 31-26 could change to 36 Dems - 23 GOP seats • Markey remains chairman of Select Committee on Energy Independence and Global Warming (reappointed by Speaker) • Senate Energy and Natural Resources Committee chair remains Jeff Bingaman (NM) - aims for major energy legislation in early 2009; new ranking GOP Lisa Murkowski of AK • Senate Environment and Public Works chair remains Barbara Boxer (CA) • House Ways and Means -chairman still Charles Rangel (N~ but facing ethics scrutiny; new ranking Republican Dave Camp of MI • Senate Finance Committee Chairman Max Baucus (MT) remains White House: uossible new enemy team (not official) • Energy czar: possible new position for Carol Browner, former EPA under President Clinton; may come with National Energy Council portfolio based in the White House • DOE -Steven Chu, Nobel Peace Prize winner for physics and current director of Lawrence Berkeley Lab • EPA -Lisa Jackson, former EPA and director of NJ Department of Environment • CEQ -Nancy Sutley, current deputy mayor of Los Angeles for energy/environment • FERC - TBA; appointments expected mid-2009; current Chairman Kelliher will be out; possibilities include current commissioners Jon Wellinghoff of NV (renewables, efficiency) or Suedeen Kelly of NM (transmission, organized markets) or could go outside of FERC Issues -short term • Economic stimulus package: massive bill in the range of $500 billion, to be developed by Democratic leadership over the new few weeks • Expect massive infrastructure spending (highway, water projects) • Huge tax title, possibly larger than spending side • Energy title includes "energy, clean energy, energy efficiency, and renewables" • Possible "green package": spending on green buildings and green schools as "down payment" for new investments in efficiency programs; weatherization programs; mass transit; low-carbon technologies • Possible $75 billion for federal loan guarantee program to encourage private investments in renewables • Possible $10 billion in new federal trust fund to develop smart grid and other transmission projects Issues -long term • Energy bill; health care reform; tax reform; climate change • Energy bill starts in Senate Energy Committee with chairman Jeff Bingaman • Priorities include renewable portfolio standard (RPS or RES), green programs, energy efficiency (buildings), electricity grid and transmission, smart grid • RPS coming - Bingaman claims Senate has votes to approve RPS • RPS could change -15-25 percent renewable by 2020-2025; public power expected to be included in any RPS (large public power systems only) • RPS and 3 major issues: applies to whom; what happens to existing state programs; what counts as efficiency • Energy bill not a climate bill • House takes lead on climate change -and has votes to approve bill, but when: how does current economic situation affect climate debate? 2 Supporters of the concept have indicated that they may be content for now with forcing utilities to participate in a climate registry similar to the one being proposed on the federal level by Minnesota Senator Amy Klobuchaz. Feed-In Tariff. The Feed-In Tariff concept would require all electric utilities to purchase locally generated renewable energy at premium rates to support the development of emerging technologies. Until recently, it appeared likely that legislation imposing aFeed-In Tariff would be seriously considered during the 2009 session. However, support for this concept has also diminished, partly because lazge wind generators would not be included in the program and partly because of concerns about the cost of the tariff to consumers. The concept will likely receive considerable attention and discussion even if no action is taken. Energy lobbyists, including MMUA's, have agreed to watch carefully for any action on the issue and work together to oppose such artificially raised costs to utilities for renewable energy. Solar Carve Out. A proposal that would require generating utilities to meet a portion of their renewable energy standard from electricity generated by solaz energy was rejected in the Senate Energy Committee in 2008. The Committee Chair, State Senator Yvonne Prettner-Solon (D- Duluth), may be willing to consider the bill this year, and Xcel Energy's opposition to the concept is softening, so the proposal could again become an issue in 2009. Most electric utilities consider the proposal a very poor idea. Conservation Improvement Program. The only known effort to change the state conservation improvement program (CIP) may come from Xcel Energy, which would like to receive credit toward their CIP requirement for some (as yet, undetermined) portion of the energy generated by new solar resources. Off Site Renewable Distributed Generation. We have received reports that counties, school districts and even the University of Minnesota would like the right to wheel power generated by renewable energy facilities over the existing transmission and distribution system to their facilities across the state. These entities either do not recognize or are unconcerned about the similarity of this proposal to retail competition. Our task will be to communicate our concerns about this proposal to them and, if they choose to pursue legislation, oppose it. Service Territories. After several months of meetings between representatives of the Minnesota Rural Electric Association (MREA) and the Minnesota Municipal Utilities Association (MMUA), which very nearly resulted in an agreement on new legislation concerning service territory compensation, the MREA Board decided to suspend the negotiations. MMUA had been preparing to lead the effort to introduce new compromise legislation on compensation during the 20091egislative session or a subsequent one, as appropriate. MMUA staff has been working on draft legislation that would modify the service temtory law to incorporate the tentative agreement, so that we will be ready to proceed on short notice if necessary. We will also be ready to resist any attempt by the co-ops to limit our access to the eminent domain process in service territory cases. Nuclear Energy. The Minnesota Legislature enacted a moratorium on the construction of new nuclear power plants in 1994. The growing support for nuclear power as an important base-load 2 generating option that will meet the State's electric needs while complying with stricter environmental standards for carbon has led to an interest in rescinding the nuclear moratorium. The Minnesota Chamber and Great River Energy are known to be actively pursuing an end to the moratorium, and other utilities would support such a move. Unfortunately, it appears that there will be little support for this effort among the Democratic leadership in both houses until a permanent federal radioactive waste storage facility is in operation, which could be a decade or more away. There may be hearings on the issue during the upcoming session, which will offer an opportunity to begin what could be a multi-year effort to end the moratorium. Certificate of Need. The uneven performance of the Minnesota Public Utilities Commission (PUC) and various elements of State Government in considering a certificate of need (CON) for Big Stone II transmission has led to unnecessary and costly delays in the project. It is apparent that other certificate of need proposals for important future transmission projects could face the same fate unless the process is streamlined and the timeline for CON consideration is strictly limited. Unfortunately, there is little appetite among the investor owned utilities, some of which have rate increase requests before the PUC, for supporting legislative action to secure these goals. Consumer owned electric utilities would likely have to take the lead in any effort to pursue certificate of need reform. Generation Performance Standards. Some time ago, the environmental community announced its support for a generation performance standard (GPS}, one of the more controversial proposals to come out of the Minnesota Climate Change Advisory Group (MCCAG), the committee appointed by the Governor to develop strategies for Minnesota's effort to deal with climate change issues. The GPS would prevent the construction of new fossil fuel generation unless it met prohibitively stringent green house gas (ghg) emission requirements. The GPS would effectively impose another severe restriction for new coal generation facilities in addition to the current legislative moratorium on coal until a regional ghg cap and trade program is operational. Recently, however, we have received word that the environmentalists' support for this idea has waned, at least for the upcoming legislative session. Salary Limits. It is becoming increasingly apparent that the Governor's salary cap is affecting the ability of some municipal utilities to provide competitive compensation for their executives. Conditions permitting, MMUA will support the effort of larger municipals utilities to remove the cap. 3 • House passage possible by end of 2009 but most expect climate legislation to be in 2010 (does White House want legislation before Copenhagen conference in Dec 2010?) Issues -public power priorities • CREBs -increased funding and lift cap for tax credits (currently capped at $800 million for mums, coops, and other entities) • REPI -seek increase funding for DOE renewable program • Climate change - at what price a cap and trade program? • Key climate issues include comparable financial incentives for public power; allocations and auction; early action and credits • Wholesale electricity markets -continued problems with RTOs and ISOs • Railroad -look for passage of STB reform bill and rail antitrust legislation • Nuclear -continued and visible support for new nuclear, including changes to the tax code, working with NEI, and making nuclear viable option under climate change regime • Tax reform -seek possible repeal of 1986 tax reform private use provisions • Service territory -unlikely hostile attempts at federal legislation but remain vigilant through regulatory process at USDA, agency responsible for implementing farm bill