2.4. ERMUSR 08-13-2012 - Laserfiche WebLink

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GREAT RIVER ENERGY' 12300 Elm Creek Blvd•Maple Grove,Minnesota 55389-4718.763-445-5000•Fax 763-445-5050•www.GreatRiverEnergy.com July 30, 2012 Mr. Troy Adams Utilities Director Elk River Municipal Utilities 13069 Orono Parkway, P.O. Box 430 Elk River, MN 55330-0430 Dear Troy: The purpose of this letter is to extend the notice provision for termination in the current contract under which Great River Energy (GRE) purchases the capacity and energy available from the diesel generation units owned by Elk River Municipal Utilities (ERMU). Our goal is to provide a short additional period of time to work together towards mutually agreeable pricing terms for the next contract term beginning on January 1, 2013. The current contract, as amended, is in effect on an "evergreen" basis. The amendments executed earlier this year provided that for 2012 only, the termination date for the current term was changed to December 31 and the notice of termination date was extended until August 1. The goal of this letter is to provide for an additional extension of only the notice of termination date. By returning one copy of this letter, signed by you and Jon Brekke, the following amendment to the existing agreement will take effect immediately: 1, Section 1 of the amendment to the contracts dated March 29, 2012 and amended May 30, 2012 is further amended to provide that for 2012 only, the notice of termination date is extended until November 1. Either ERMU or GRE may provide the other party notice, no later than November 1, 2012, terminating the contract effective on December 31, 2012. 2. All other terms and conditions of the contract, as amended, will remain in effect as currently written. Sincerely, GREAT RIVER ENERGY ELK RIVER MUNICIPAL UTILITIES Jon Brekke Al Troy Adams Vice President, Member Services ;\' "`�d'j — Utilities Director