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5.3. ERMUSR 05-13-2008J~ Elk River ^~ Municipal Utilities 13069 Orono Parkway • P.O. Box 430 Elk River, MN 55330-0430 May 1, 2008 To: Elk River Municipal Utilities Commission Jerry Takle John Dietz Jerry Gumphrey From: Bryan Adams Subject: Transmission Facility Assignment Agreement Phone: 763.441.2020 Fax: 763.441.8099 At the April Elk River Municipal Utilities Commission meeting, authorization was given to execute the Transmission Facility Assignment Agreement contingent upon approval of Connexus and Great River Energy. Jerry Takle and I talked with both Connexus and Great River Energy about this agreement. They indicated there is no conflict of interest. nor does it create a hardship or undesired consequences. Great River Energy was very encouraged that we are taking advantage of this opportunity. Attached is an executed copy of this agreement along with an explanation of operational control. TRANSMISSION FACILITIES ASSIGNMENT AGREEMENT This Assignment Agreement ("Agreement") shall confirm the agreement reached on April ~~ ~, 2008, by and between the Central Minnesota Municipal Power Agency ("CMMPA") acting for itself, its members, the Midwest Municipal Transmission Group and its members and the City of Elk River ("City"). Hereinafter, CMMPA and City are sometimes referred to singly as "Party" and collectively as "Parties", with respect to the intent to assign operational control of qualifying transmission facilities under the terms and conditions as follows: Assignee: Assignor: Governing Agreements: Contract Term CMMPA City C~= L. \L ~ • ~,,~ ~. 1.141 1 C. ~ ~ a` ~J ~Y' 1 fir„ t `C ~ ~~ . The Midwest Independent Transmission System Operator ("MISO") Transmission and Energy Markets Tariff ("TEMT"), effective March 1, 2005; Transmission Owner (TO) Agreement between CMMPA and MISO January 1, 2008 through December 31, 2013. Transmission Facilities: All of City's transmission facilities regardless of voltage as more fully set forth on attachment <<A,> Assignment: City does hereby transfer operational control of its transmission facilities to CMMPA during the term of this agreement and any renewal terms. The City shall retain physical control of its transmission facilities along with the obligations to repair, maintain and insure these facilities in accordance with good utility practices. CMMPA has no liability for, and by execution of this agreement assumes no liability for, City's transmission facilities. Reassignment: City acknowledges that CMMPA will fully reassign and convey operational control of qualifying transmission facilities to MISO in accordance with MISO requirements and Federal Energy Regulatory Commission (FERC) law and policy. NERC Compliance Responsibility City retains all responsibilities to comply with the North American Electric Reliability Corporation (NERC) rules and regulations. If City wishes to assign NERC compliance responsibility to CMMPA, it must do so in a separate agreement. Designated Market Participant Transmission Scheduling: CMMPA shall use Utilities Plus ("UP") as its designated MISO Market Participant ("MP") to schedule transactions as defined in the TEMT and in accordance with all MISO rules and regulations. Designated MISO Transmission Owner (TO) Collection of Revenues: City hereby appoints CMMPA as its MISO TO agent for all purposes required under the TO Agreement and TEMT including but not limited to the submittal and collection of all Annual Transmission Revenue Rights payments under the TEMT and protesting or contesting, on its behalf, any errors in billing or related matters. On its behalf, City authorizes CMMPA to obtain rate recovery and revenue distribution from MISO and other TOs as necessary. Disbursement of Revenues Received: CMMPA shall, after collecting reasonable fees and costs for its services and those of UP and subject to any other relevant agreements with the City, disburse the revenues received from MISO and other TOs for the use of City's transmission facilities to the City in an equitable manner. Other MISO Charges: City. shall also be responsible for and reimburse CMMPA for any other miscellaneous MISO charges reasonably allocable to City, which CMMPA may pay, including but not limited to administrative and scheduling charges and Revenue Sufficiency Guarantees associated with the use of transmission facilities under this Agreement. City shall also be responsible for and reimburse CMMPA for City's allocable share of CMMPA costs incurred in performing its TO agent function including all costs incurred under the TO Agreement with MISO. Superseding Agreement: The parties to this agreement acknowledge that they are in the process of developing, negotiating and drafting a comprehensive Transmission Ownership Agreement and other permanent agreements governing the relationship between City and CMMPA. These agreements will include City's Big Stone Power Station II and CAPX 2020 transmission investments and other permanent service agreements. The parties therefore acknowledge that upon the completion and execution of the comprehensive Transmission Ownership Agreement and other permanent agreements, the terms and conditions of those agreements shall supersede the terms and conditions of this interim agreement. Transactions thereafter shall be governed by the more comprehensive terms and conditions of the comprehensive Transmission Ownership Agreement and other permanent agreements. Such agreements shall be consistent with MISO requirements and FERC law and policy. The terms and conditions in this Agreement shall remain in effect for the term of the transactions described herein. CMMPA as to its signatory and City as to its signatory each hereby represents and warrants that the person executing this Agreement on its respective behalf is duly authorized to do so, and that, by each execution set forth below, such party is hereby duly and lawfully bound by this Agreement. Central Minnesota Municipal Power Agency City of Elk 'ver Signed: _ Signed / '~'~2n° ~ ~./lrrr /`%C~. Title: Title '` ~/~ / C Date: Date: ~ ~ ~-'~ \\ntserver\users\IvIICHAELG\CMMPA\Ameren Energy Marketing Company\Assignment Agreement elk river doc Page 1 of 2 nbirkholz@goslawfirm.com From: "Jablon, Robert A." <robert.jablon@spiegelmcd.com> To: "Marv" <marvg@windom-mn.com>; <nbirkholz@goslawfirm.com> Cc: <alucero@northlc.com>; <SStein@rwbeck.com>; <DPainter@rwbeck.com>; "Bob Schulte" <rhs@schulteassociates.com>; "Steve Thompson" <stevet@utplus.com>; <amcMahon@nixonpeabody.com>; "Colleen Knudtson" <colleenk@utplus.com>; "'Central Files" <central@SpiegelMcD.com>; "Shamraj, Larissa" <larissa.shamraj@spiegelmcd.com>; "Coleman, Sharon" <sharon.coleman@spiegelmcd.com> Sent: Thursday, April 03, 2008 4:10 PM Subject: RE: CMMPA -Transmission Assignment Agreement -Request for Execution I send this a-mail after having spoken with Mike Gavin and Andrew, whom I believe are agreement. The term "operational control" comes out of FERC orders in which FERC wanted to recognize a wholesale transmission grid over which all wholesale transmission users (as opposed to retail users -- i. e., end electricity users or utility residential and business customers) could transmit without utilities like Xcel or Windom giving up transmission ownership. Practically, operational control in a physical sense means that MISO can force transmission over facilities as part of the grid, including to offset transmission congestion or protect against emergencies. However, practically for Windom little if anything will change. Power flows over the grid now as it flows and realistically I do not anticipate that uses of your facilities will change. Thus, Windom may be entitled to receive payment for your transmission essentially for its use as it is being used now. But MISO can only pay you if it has "operational control" over the transmission. Because transmission costs are included in MISO's transmission costs and the rates all pay for transmission, MISO can only justify payment to Windom if MISO has "operational control." The above refers to "operational control" in a physical sense, that is the operation of the transmission system. MISO will not get "operational control" of Windom's transmission in a financial sense. All that is happening is that Windom will give CMMPA authority to submit Windom's transmission costs to MISO (i.e., acost-of-service for Windom to recover your "revenue requirements" or as it is known in the trade your ATRR). MISO will review Windom's ATRR (i.e., the costs for your transmission, including an allowed return similar to that which Xcel earns) and if it approves, it will pay CMMPA who will pay Windom. No financial rights will be transferred to MISO. However, all grid users will help pay for Windom transmission (just as you now pay for other grid owners transmission now through transmission rates). At present Windom pays for IOU and cooperative transmission through transmission rates plus all of its own transmission costs. I hope that this helps. If you have questions, please call. Privileged and Confidential Robert A. Jablon robert. jablon~spiegelmcd. com Spiegel & McDiarmid t,t,P 1333 New Hampshire Ave., NW Washington, DC 20036 Direct Dial 202.879.4070 Home 202.333.5332 Cell 202.669.4820 Fax 202.393.2866 07802.004 From: Marv [mailto:marvg@windom-mn.com) Sent: Thursday, April 03, 2008 3:47 PM To: nbirkholz@goslawfirm.com 4/ 16/2008