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4.3. ERMUSR 06-09-2009Elk River Municipal Utilities 13069 Orono Parkway • P.O. Box 430 Elk River, MN 55330-0430 June 2, 2009 To: Elk River Municipal Utilities Commission John Dietz Jerry Gumphrey Daryl Thompson From: Troy Adams Subject: Review and Consider Wholesale Power Contract Options Phone: 763.441.2020 Fax: 763.441.8099 Currently Central Minnesota Municipal Power Agency (CMMPA), with the assistance R.W. Beck, is conducting a study of ERMU's power supply needs as related to the Big Stone II Power Plant Project. This study is covered under the CMMPA Associate Membership the Utilities are entering into per Commission direction on May 12, 2009. Per CMMPA and R.W. Beck, this study will be completed in time for presentation to the City Council on June 15, 2009. A joint Council and Commission meeting would be required. Contracts and the Letter of Intent specific to ERMU entering into this project have been passed onto the City Attorney and will be reviewed with CMMPA and staff on June 11, 2009. This will allow for questions about the contracts or letter to be address prior to the joint Council and Commission meeting.