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J~ <br />Elk River -= <br />Municipal Utilities <br />13069 Orono Parkway • P.O. Box 430 <br />Elk River, MN 55330-0430 <br />November 5, 2008 <br />To: Elk River Municipal Utilities Commission <br />Jerry Takle <br />John Dietz <br />Jerry Gumphrey <br />From: Troy Adams <br />Subject: Projected 2009 Power Costs <br />Phone: 763.441.2020 <br />Fax: 763.441.8099 <br />At the time of the November 3rd meeting between Staff and John Gasal of Connexus Energy, the <br />2009 power costs had not been finalized. The anticipated rate increase is 15%. The proposed <br />2009 wholesale rates are pending approval by the Great River Energy Board at their November 6 <br />meeting. A verbal update will be provided. <br />