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Section 1. Executive Summary <br /> This section is intended to provide a brief overview of the <br /> Minnesota Municipal Power Agency's (MMPA)Integrated <br /> Resource Plan (IRP). <br /> Electric Utility The electric utility industry is in a period of transition. The industry <br /> Industry in is experiencing a shift in the following areas: <br /> Transition <br /> • Decreasing cost of generation resources such as battery <br /> storage systems, solar, and wind; <br /> • Advancements in hardware and software technologies; and <br /> • Stagnant load growth; <br /> This transitional environment creates uncertainty in planning. <br /> Section 9 discusses MMPA's Planning Approach. <br /> Begin Serving Elk Elk River Municipal Utilities(ERMU) became the twelfth member <br /> River Municipal of MMPA in June 2013. ERMU serves 11,400 metered electric <br /> Utilities in October customers and has a peak demand of approximately 65 MW. <br /> 2018 MMPA's electrical power load is projected to increase by <br /> approximately 20 percent with the addition of ERMU. The Agency <br /> will begin providing wholesale power to ERMU on October 1, <br /> 2018, under a power sales agreement that runs through 2050. <br /> MMPA Strives to The Agency strives to meet its conservation goal for reducing <br /> Meet Its electricity use of its members' customers. MMPA focuses on <br /> Conservation Goal conservation strategies with the lowest cost per kWh of electricity <br /> saved. MMPA's conservation programs are discussed in Section 6 <br /> under Energy Conservation and Demand Side Management. <br /> Energy and Demand MMPA's energy and demand growth are projected to be lower than <br /> Growth Projected to historical levels. The 2004-2017 historical compounded annual <br /> Be Lower Than energy growth rate was 1.8%, whereas the projected annual energy <br /> Historical Levels growth rate for 2019-2033 is 0.8%. The 2004-2017 historical growth <br /> rate for non-coincident peak(NCP) demand was 1.4%, whereas the <br /> projected growth rate for 2019-2033 is 0.8%. The slower growth <br /> rates are attributed to projected population slowdowns and improved <br /> conservation efforts, among other factors. <br /> The table below shows MMPA's projected annual growth for <br /> energy,NCP demand, and coincident peak(CP) demand with the <br /> Midcontinent Independent System Operator(MISO). <br /> 72 <br />