City of East Grand Forks Agenda Packet 2026-06-16
MMPA Awarded City Renewable Energy Credits Sales Agreement
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Description
The city's Water & Light Department approved a 15-year Renewable Energy Credits Sales Agreement with MMPA, with estimated annual revenue of $200,000 and two possible 5-year extensions.
Contract Details
Contract Amount
Payment from MMPA will be $3.00 per REC; estimated $200,000 annually; term variable (starts with 65,824 WAPA RECs for 2025)
Vendor
MINNESOTA MUNICIPAL POWER AGENCY
Agency
City of East Grand Forks, MN
Contract Type
FINANCIAL_SERVICES
Document Date
June 16, 2026
Contract Term
15 years, with two 5-year extension options
Renewal Date
2041-12-31
Renewal Info
Initial term 15 years, plus two optional 5-year extensions available to the city upon request; total possible term up to 25 years.
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