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UTILITIES COMMISSION MEETING <br />TO:FROM: <br />ERMU Commission Theresa Slominski –General Manager <br />MEETING DATE: AGENDA ITEM NUMBER: <br />October 12, 20216.1a <br />SUBJECT: <br />Staff Update <br />ACTION REQUESTED: <br />None <br />DISCUSSION: <br /> Minnesota Municipal Power Agency’s Board of Directors meeting was held in Chaska, <br />MN and via videoconference on October 26, 2021. Commissioner Mary Stewart was in <br />attendance. The public summary of the meeting is below. <br />o The Board reviewed the Agency’s financial and operating performance for <br />September 2021. <br />o The Board discussed COVID-19 and its effects on supply chains, labor markets, <br />and inflation. <br />o The Board engaged in a long-term planning session. <br />o The Board reviewed recent commodity market data, including substantial <br />increases in both electricity and natural gas prices. <br />o The Board discussed Xcel’s request for a more than 21% electric rate increase <br />over the next three years. More than half of this rate increase is requested for <br />2022. <br />o MMPA had an increase of 57 customers in the Agency’s residential Clean Energy <br />Choice program from August to September. Customer penetration increased to <br />3.8%. <br /> <br /> MMPA’s unaudited third quarter 2021 financials are attached. <br /> <br />ATTACHMENTS: <br /> MMPA Unaudited Third Quarter 2021 Financials <br />______________________________________________________________________________ <br />Page 1 of 1 <br />101 <br />