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2.5 Elk River Municipal Utilities/Connexus Energy—Joint Request for Minnesota <br /> Public Utilities Commission Modification of the Parties'Electric Service Territory <br /> Boundary <br /> 2.6 Notice to Connexus Energy of Electric Service Territory Area 2 Transfer Date <br /> 2.7 Tri-County Action Program Service Agreement <br /> Daryl Thompson seconded the motion. Motion carried 3-0. <br /> 3.0 OPEN FORUM <br /> No one appeared for open forum. <br /> 4.0 OLD BUSINESS <br /> 4.1 Customer Deposit Policy <br /> Tom Sagstetter explained that the goal of the revised customer deposit policy is to minimize the <br /> risk to all ratepayers,yet still provide an environment that encourages businesses to locate <br /> within the ERMU service territory.The policy also has to be executable and administratively <br /> manageable for staff in order for it to be successful. Tom noted that in previous commission <br /> meetings and memorandums the title of the policy was referred to as the Security Deposit <br /> Policy;in all cases the policy should have been titled and referred to as the Customer Deposit <br /> Policy. The incorrect reference also carried through to the first paragraph on page one of the <br /> attached draft of the proposed revision. The paragraph should have read"In order to protect all <br /> customers from those customers who default on their accounts,customer accounts may be <br /> subject to this deposit with Elk River Municipal Utilities." <br /> Tom presented the revised Customer Deposit Policy and highlighted the improvements that will <br /> be achieved with the revisions. Tom also touched on the new service agreement,commercial <br /> service application and the risk assessment matrix. Those attachments were included in the <br /> packet for reference and to provide a broader picture of the process ERMU staff will be utilizing <br /> to help calculate and collect a more appropriate customer deposit from commercial customers. <br /> John Dietz asked if we allowed for the option of a letter of credit to be used as a form of <br /> payment for the deposit. Staff responded that there was a provision to allow for that. There was <br /> further discussion. <br /> Daryl Thompson made a motion to approve the revised Customer Deposit Policy with the <br /> change to the first paragraph. Al Nadeau seconded the motion. Motion carried 3-0. <br /> 5.0 NEW BUSINESS <br /> Page 2 <br /> Regular meeting of the Elk River Municipal Utilities Commission <br /> February 9,2016 <br /> 24 <br />