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5.4. ERMUSR 09-20-2006.^ ~/ Elk River ---1 Municip al Utilitie s 13069 Orono Parkway Elk River, MN 55330 September 6, 2006 To: Elk River Municipal Utilities Commission Jerry Takle Jim Tralle John Dietz From: Bryan Adams Subject: Electric Rate Study Phone: 763.441.2020 Fax: 763.441.8099 R.W. Beck has been in the process of completing the electric rate study. An electric rate study was last completed in 2000, and with the addition of two large data centers, it is time to formally review our rates. Attached for your review, is a copy of this completed rate study. Mr. Dave Berg of R. W. Beck will be at our meeting to present this study to us.