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Elk River . <br />Municipal Utilities <br />13069 Orono Parkway • P.O. Box 430 <br />Elk River, MN 55330-0430 <br />UTILITIES COMMISSION MEETING <br />Phone: 763.441.2020 <br />Fax: 763.441.8099 <br />TO: FROM: <br />Elk River Municipal Utilities Commission Troy Adams, P.E. - Director of Operations <br />John Dietz, Chair <br />Dazyl Thompson, Trustee <br />Al Nadeau <br />MEETING DATE: AGENDA ITEM NUMBER: <br />Febru 15, 2011 4.3 <br />SUBJECT: <br />Midwest Munici al Transmission Grou and CAPX2020 Brookin s Pro~ect Update <br />BACKGROUND: <br />In May 2006, the Utilities Commission authorized joining Midwest Municipal Transmission Group <br />(MMTG) to explore the potential to obtain ownership in the transmission system. Tn February 2007, <br />ERMU entered into an agreement to participate through Central Minnesota Municipal Power Agency <br />(CMMPA) in the CAPX2020 Brooking-Twin Cities Transmission Project. Through MMTG, ERMU is <br />currently receiving approximately $4,500 revenue as return on investment in existing ERMU substation <br />equipment. <br />DISCUSSION: <br />Steve Thompson -CEO and Larry Blaine -CFO of CMMPA have provided Staff with a project update <br />and options, financial implications for ERMU, and project timeline and critical dates. On February 10"', <br />CMMPA held a conference call with Utilities and City staff to analysis the financials of the project and <br />the proposed investment options. Staff will provide an update for the Commission at the time of the <br />meeting. <br />ACTION REQUESTED: <br />No action required at this time. <br />