City Sells Renewable Energy Credits To MMPA Under 15-Year Deal
City of East Grand ForksCity · East Grand Forks, MN- Disclosed value
- Approximately $200,000 per year; example 2025 payment: 65,824 RECs at $3.00 each totaling $197,472
- From agendapacket
- Document date
- Jul 26, 2026
- Renews
- Free account
The 30-second brief
East Grand Forks and its Water & Light Department have executed a 15-year agreement with Minnesota Municipal Power Agency to sell the city’s Renewable Energy Credits at $3 per REC, generating roughly $200,000 in annual revenue. The 2025 payment totals $197,472 based on 65,824 WAPA RECs, with funds proposed for an Economic Development Infrastructure Fund.
Minnesota Municipal Power Agency holds this financial services contract with City of East Grand Forks. Its other public contracts on record include work for City of Olivia.
The renewal date is on record. A free account shows it, with the renewals for every City of East Grand Forks contract.
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Contract details
- Contract type
- Financial Services
- Amount
- Approximately $200,000 per year; example 2025 payment: 65,824 RECs at $3.00 each totaling $197,472
- Document date
- July 26, 2026
- Term
- 15-year REC sales agreement beginning January 1, 2025 and ending December 31, 2040, with two five-year extension options
- Renews
- Free account
- Agency
- City of East Grand Forks
- Source document
- City of East Grand Forks Agenda Packet 2026-07-28 (AgendaPacket)
Minnesota Municipal Power Agency's other public contracts
More City of East Grand Forks contracts
Questions about this contract
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 July 26, 2026. The contract value is Approximately $200,000 per year; example 2025 payment: 65,824 RECs at $3.00 each totaling $197,472.
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 $200,000 per year; example 2025 payment: 65,824 RECs at $3.00 each totaling $197,472, 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 Agenda Packet 2026-07-28 (AgendaPacket), dated July 26, 2026 from City of East Grand Forks. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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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.
What is City of East Grand Forks currently buying?
Explore City of East Grand Forks's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.