SMMPA Member Waseca Extends Power Sales Contract
July 06, 2016
The City of Waseca ensured its electrical needs would be met through 2050 when their City Council unanimously extended its power sales contract with the Southern Minnesota Municipal Power Agency (SMMPA) earlier this month. According to the City of Waseca's Resolution 16-23, "the City of Waseca has determined that it is in the City of Waseca's best interests to extend the term of the Power Sales Contract with the Southern Minnesota Municipal Power Agency (Agency) until April 1, 2050." "We're happy to have earned Waseca's confidence to continue our partnership through 2050" said Dave Geschwind, SMMPA's Executive Director and CEO.
The original power sales contract that Waseca and the other 17 Member utilities signed was a 50 year contract that expires April 1, 2030. In 2009 SMMPA offered its' Membership the opportunity to extend their power sales contracts 20 years from 2030 to 2050. At that time, Waseca opted not to extend the term of the contract.
Earlier this year, Waseca Utilities' staff re-evaluated the possibility of extending the SMMPA contract. City Manager Danny Lenz and Director of Utilities Carl Sonnenberg advised the City Council that in their discussions with the Agency, the Agency expressed support toward the City in extending their contract. At its June 8th meeting, the SMMPA board unanimously approved Waseca's Power Sales Contract extension through 2050.