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Attached is a letter from Midwest Municipal Transmission Group (MMTG) seeking our <br />membership. This group would invest in transmissions and receive a 12.4% return. A <br />lot of work by MMTG needs to happen before MMTG can succeed. If ERMU were to <br />join MMTG, our dues would be in the $12,500 range and we must join now due to the <br />limited time frame. <br />GRE is not the same company as it was in the past, and I do not know of its future or <br />direction. I view MMTG as an insurance policy to minimize our transmissions costs and <br />buy us more time to see how the electric restructuring plays itself out along with changes <br />in GRE. Our current transmission cost is $4.08/kw/month or approximately <br />$1,600,000/year. Joining MMTG will buy us options for the future. The real cost will be <br />incurred if and when we actually build transmission infrastructure. <br />