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Brainerd BPU to pre‑sell excess capacity and authorize negotiation of amended purchase‑power terms
Summary
The Brainerd Public Utilities Commission authorized staff to sell excess capacity pre‑auction (negotiation target $155,000) and gave Director Paul Sandy authority to negotiate an amended purchase‑power agreement with AE not to exceed $52.50/MWh to hedge long‑term electricity cost volatility.
The Brainerd Public Utilities Commission on Jan. 27 approved staff recommendations to monetize excess supply capacity before a public auction and to authorize negotiation of an amended purchase‑power agreement to reduce long‑term price risk.
Staff and an AE representative reviewed market volatility and trade options, saying pre‑selling some excess capacity to municipal counterparties or AE…
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