City signs 15-year REC sale deal with Minnesota Municipal Power Agency
City of East Grand ForksCity · East Grand Forks, MN- Disclosed value
- Approximately $197,472 for 2025 allotment at $3.00 per REC; about $200,000 annually expected over 15-year term
- From agendapacket
- Document date
- Aug 4, 2026
- Renews
- Free account
The 30-second brief
The City of East Grand Forks and its Water & Light Department have executed a 15-year agreement to sell their annual Renewable Energy Credits to the Minnesota Municipal Power Agency at $3 per REC. The deal is expected to generate roughly $200,000 per year, with proceeds 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 $197,472 for 2025 allotment at $3.00 per REC; about $200,000 annually expected over 15-year term
- Document date
- August 4, 2026
- Term
- 15 years beginning in 2025, with two City options for five-year extensions (potential total 25 years)
- Renews
- Free account
- Agency
- City of East Grand Forks
- Source document
- City of East Grand Forks AgendaPacket 2026-08-04 (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 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.
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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.