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Minnesota Municipal Power Agency <br />Notes to Financial Statements <br />December 31, 2022 and 2021 <br />Note 11: Concentrations <br />Major Customers <br />Sales to four customers were approximately 77% and 75% of total operating revenues for the years ended <br />December 31, 2022 and 2021, respectively. Approximately 74% and 71% of total accounts receivable <br />were owed from four customers at December 31, 2022 and 2021, respectively. <br />29 <br />167 <br />