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Elk Ri <br />Municipd Ut lities <br />13069 Orono Parkway • P.O. Box 430 <br />Elk River, MN 55330-0430 <br />November 5, 2007 <br />To: Elk River Municipal Utilities Commission <br />Jerry Takle <br />Jerry Gumphrey <br />Jim Tralle <br />From: Bryan Adams <br />Subject: Wholesale Electric Power Costs <br />Phone: 763.441.2020 <br />Fax: 763.441.8099 <br />We just received confirmation that Great River Energy's rate would only increase by 8.5% <br />instead of the earlier projection of 9.5%. Apparently Great River Energy members are balking at <br />the proposed large rate increase. <br />Attached are Great River Energy's again revised proposed demand and energy rates for 2008. <br />See the bottom portion of the attached spread sheet. Because Elk River Municipal Utilities has <br />different demand/energy ratios and different on peak/off peak ratios our percent increase is <br />different. Typically we have passed on the electric wholesale rate to our customers which <br />equates to $1,375,698 increase or $.0061/KWH. This is also our 2008 budget assumption. <br />