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Projected Operating Results – Existing Rates <br />- 3 - <br />Exhibit 2-A is a summarized listing of ERMU’s historical and projected electric operating <br />results at existing rates. The existing ERMU retail rates went into effect Jan. 1, 2025. <br />The historical and projected revenues from retail sales of power and energy to different <br />groups of customers are included as Charges for Services at the beginning of the exhibit <br />under Operating Revenues. <br />Other Operating Revenues <br />ERMU also receives revenue from other normal operating procedures. These revenues <br />are shown in Exhibit 2-A below the charges for services. Utility Revenues combined with <br />Other Operating Revenues results in ERMU’s Total Operating Revenues. <br />Revenue Requirements <br />Generation and Purchased Power <br />ERMU currently meets its wholesale power requirements through purchases from the <br />Minnesota Municipal Power Agency (MMPA). Projections of wholesale power expenses <br />are based on anticipated MMPA rate increases during the Study Period. <br />ERMU’s actual retail sales and wholesale requirements for the 2024 Test Year are shown <br />in Table 2-1. <br /> <br />Table 2-1 <br />Retail Sales <br />And Wholesale Requirements <br />Item 2024 <br />Metered Retail Sales 320,012,952 kWh <br />Distribution Losses 2.7 % <br />Wholesale Energy 328,891,814 kWh <br />Wholesale Peak 70,907 kW