City signs 15-year REC sale deal with Minnesota Municipal Power Agency

Scope & details

The full contract record, as filed.

Contract amount

Approximately $197,472 for 2025 allotment at $3.00 per REC; about $200,000 annually expected over 15-year term

Contract type

FINANCIAL_SERVICES

Contract term

15 years beginning in 2025, with two City options for five-year extensions (potential total 25 years)

Renewal date

2040-12-31

Renewal

Contract includes two five-year extension options at the City’s discretion, allowing potential extension from 15 to 25 years.

Document type

AgendaPacket

Source document

City of East Grand Forks AgendaPacket 2026-08-04

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City of East Grand Forks Agenda Packet 2026-07-28

ONGOING

City of East Grand Forks, MinnesotaApproximately $200,000 per year; example 2025 payment: 65,824 RECs at $3.00 each totaling $197,472Jul 26, 2026

City of East Grand Forks Agenda Packet 2026-07-07

APPROVED

City of East Grand Forks, MinnesotaJul 6, 2026

City of East Grand Forks Agenda Packet 2026-06-16

AWARDED

City of East Grand Forks, MinnesotaPayment from MMPA will be $3.00 per REC; estimated $200,000 annually; term variable (starts with 65,824 WAPA RECs for 2025)Jun 16, 2026

Olivia City Council Agenda 2026-06-15

APPROVED

City of Olivia, Minnesota$3.00 per REC deliveredJun 15, 2026

City of East Grand Forks Agenda Packet 2026-06-09

AWARDED

City of East Grand Forks, Minnesota$3.00 per REC; expected revenue $200,000 annually (variable based on REC allotment)Jun 9, 2026

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by City of East Grand Forks?

Minnesota Municipal Power Agency was awarded this financial services contract by City of East Grand Forks, as recorded on August 4, 2026. The contract value is Approximately $197,472 for 2025 allotment at $3.00 per REC; about $200,000 annually expected over 15-year term.

How much is the Minnesota Municipal Power Agency contract with City of East Grand Forks worth?

The Minnesota Municipal Power Agency contract with City of East Grand Forks is valued at Approximately $197,472 for 2025 allotment at $3.00 per REC; about $200,000 annually expected over 15-year term, covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a agendapacket record.

Where was this contract approved?

This contract appears in City of East Grand Forks AgendaPacket 2026-08-04 (AgendaPacket), dated August 4, 2026 from City of East Grand Forks. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Minnesota Municipal Power Agency hold?

Minnesota Municipal Power Agency may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

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What is City of East Grand Forks currently buying?

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