City Sells Renewable Energy Credits To MMPA Under 15-Year Deal

Scope & details

The full contract record, as filed.

Contract amount

Approximately $200,000 per year; example 2025 payment: 65,824 RECs at $3.00 each totaling $197,472

Contract type

FINANCIAL_SERVICES

Contract term

15-year REC sales agreement beginning January 1, 2025 and ending December 31, 2040, with two five-year extension options

Renewal date

2040-12-31

Renewal

Base term runs from January 1, 2025 through December 31, 2040, with two optional five-year extensions under the sales agreement. Extensions would continue REC sales and associated annual revenues if exercised by the City.

Document type

AgendaPacket

Source document

City of East Grand Forks Agenda Packet 2026-07-28

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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 2026-07-07

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

Olivia City Council Agenda 2026-06-15

APPROVED

City of Olivia, Minnesota$3.00 per REC deliveredJun 15, 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 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.

What other contracts does Minnesota Municipal Power Agency hold?

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