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Brainerd formalizes two‑year extension for large industrial power customer
Summary
The commission approved a second amendment to a large industrial power agreement to formalize a two‑year extension for a major power customer described in the packet as a crypto customer. Staff said the change clarifies the term and preserves the requirement that the customer remain in good standing.
The Brainerd Public Utilities Commission approved a second amendment to a large industrial power agreement at its Feb. 24 meeting that formalizes an extended term for the customer identified in the packet as "just for crypto."
Staff explained legal counsel recommended converting a prior automatic renewal process into a formal two‑year extension to remove ambiguity about term dates while preserving ongoing performance and good‑standing requirements. The amendment was presented as a ministerial clarification of contract language; commissioners asked questions about renewal mechanics and deadlines before moving and approving the amendment.
The commission approved the amendment by voice vote; staff said the signed amendment had already been received from the customer and that future extension decisions would return to the table at the contract's end of term.
