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liLE-40,1\ ' <br /> --k GREAT RIVER <br /> ENERGY`" <br /> 17843 East Highway 10 • P.O. Box 800 • Elk River, Minnesota 55330-0800 • 612-441-3121 = Fax 612-241-2366 <br /> February 9, 2000 <br /> Mr. Bryan Adams <br /> General Manager <br /> Elk River Municipal Utilities <br /> 322 King Avenue NW <br /> Elk River, MN 55330 <br /> Subject: Capacity Purchase/Sale Agreement Extension and Amendment <br /> Dear Mr. Adams, <br /> The purpose of this letter is providing the terms and conditions necessary to further amend the <br /> capacity purchase/sale agreement between Elk River Municipal Utilities and United Power <br /> Association dated June 23, 1994 and the previous amendment dated October 23, 1998. If you <br /> agree with the terms listed below and with the existing terms in the attachment (with references to <br /> UPA change to GRE), please sign below and return an original copy to me. <br /> 1. Contract term: the current contract was amended to end on October 31, 2001. The <br /> 1 contract is hereby further amended such that the term is extended to October 31, 2003 <br /> 2. Capacity price: the capacity price is changed to$2.75 per kilowatt month for the <br /> remaining term of the amended agreement and will be first applied in the January 2000 <br /> billing cycle. <br /> Sincerely, <br /> GREAT Rh' NERDY Oa <br /> Thomas A. Larson, P.E. <br /> • President, Resource Development <br /> ormation :ec� n`10 <br /> � <br /> I o <br /> Date: ,- _dO <br /> :ryan Adams <br /> General Manager <br /> Elk River Municipal Utilities <br /> Attachment: Existing Terms and Conditions <br /> C: Stan Selander <br /> ir <br /> A Touchstone Energy'Cooperative )( <br />