Olivia Approves 15-Year Renewable Energy Credit Sale

Scope & details

The full contract record, as filed.

Contract amount

$3.00 per REC delivered

Contract type

OTHER

Contract term

January 1, 2025 – December 31, 2040 (option for two additional 5-year extensions)

Renewal date

2040-12-31

Renewal

Seller (City of Olivia) may request two 5-year extensions with 12 months' written notice prior to contract end. Each extension requires MMPA's written approval and agreement on purchase price and terms.

Document type

Agenda

Source document

Olivia City Council Agenda 2026-06-15

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City of East Grand Forks AgendaPacket 2026-08-04

ONGOING

City of East Grand Forks, MinnesotaApproximately $197,472 for 2025 allotment at $3.00 per REC; about $200,000 annually expected over 15-year termAug 4, 2026

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

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 government contract by City of Olivia?

Minnesota Municipal Power Agency was awarded this government contract by City of Olivia, as recorded on June 15, 2026. The contract value is $3.00 per REC delivered.

How much is the Minnesota Municipal Power Agency contract with City of Olivia worth?

The Minnesota Municipal Power Agency contract with City of Olivia is valued at $3.00 per REC delivered.

What type of contract is this?

This is a government contract, documented as a agenda record.

Where was this contract approved?

This contract appears in Olivia City Council Agenda 2026-06-15 (Agenda), dated June 15, 2026 from City of Olivia. 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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