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4.3. ERMUSR 05-12-2009 Elk River -== Municipal Utilities 13069 Orono Parkway • P.O. Box 430 Elk River, MN 55330-0430 Apri130, 2009 To: Elk River Municipal Utilities Commission John Dietz Jerry Gumphrey Daryl Thompson From: Troy Adams Subject: Review and Consider Wholesale Power Supply Options 43 Phone: 763.441.2020 Fax: 763.441.8099 On April 15`", the Commission Chair and Utilities staff met with representatives from Central Minnesota Municipal Power Agency (CMMPA) to review power supply opportunities through the Big Stone II project and services available through their Agency. To address concerns on the business risks involved with this opportunity, CMMPA has provided an option to help the Commission and Council make an informed decision regarding this commitment. The proposed option would be to join CMMPA as anon-voting associate member for the term of one year. This one year contract would cost $2500/month ($30,000 total). With this associate member status, the Utilities would be able to "piggy back" on a baseload planning study being conducted by R.W. Beck. For the Utilities to hire R.W.Beck independently to conduct the same study would cost at least that but most likely would cost significantly more. This study through CMMPA would be conducted within the timeline allotted to allow for a presentation to the Commission and Council. Staff recommends entering into this one-year associate member contract with CMMPA which includes the R.W. Beck study and presentation.