OTHERAWARDED

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

City Sells Renewable Energy Credits to MMPA in 15-Year Deal

$3.00 per REC; expected revenue $200,000 annually (variable based on REC allotment)City of East Grand ForksMINNESOTA MUNICIPAL POWER AGENCYJune 9, 2026

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Description

Minnesota Municipal Power Agency (MMPA) was awarded a 15-year contract by the City of East Grand Forks to purchase the City's Renewable Energy Certificates (RECs) at $3.00 per REC, with two five-year extension options. The agreement is expected to generate about $200,000 in annual revenue for the city starting with the 2025 REC cycle.

Contract Details

Contract Amount

$3.00 per REC; expected revenue $200,000 annually (variable based on REC allotment)

Vendor

MINNESOTA MUNICIPAL POWER AGENCY

Agency

City of East Grand Forks, MN

Contract Type

OTHER

Document Date

June 9, 2026

Contract Term

15 years starting with 2025 REC sale; two options for five-year extensions

Renewal Date

2039-12-31

Renewal Info

Initial contract is 15 years (2025–2039), with two City options to extend for up to two additional five-year periods (potential through 2049). Number of RECs and total revenue may vary year to year.

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