Manitoba Hydro and Great River Energy Announce 600 MW Power Sale Memorandum of Understanding

February 21, 2014

Manitoba Hydro and Great River Energy have signed a Memorandum of Understanding (MOU) to jointly investigate the sale of up to 600 megawatts (MW) of electricity from Manitoba Hydro to Great River Energy, commencing in approximately 2020. The MOU builds upon the strong relationship and existing power sale agreements between the two companies.

Under the MOU, the utilities have agreed to discuss supplying some of Great River Energy's long-term electricity needs from Manitoba Hydro's proposed new hydroelectric stations. An eventual agreement could also take advantage of a new Manitoba to Minnesota transmission line also proposed as part of Manitoba Hydro's preferred development plan.

The new hydro stations include the proposed Keeyask Generating Station, being developed in partnership with four local first nations - Tataskweyak First Nation, Fox Lake First Nation, War Lake First Nation, and York Factory First Nation. Keeyask builds on the partnership between Manitoba Hydro and the Nisichawayasihk Cree Nation that saw the development of the Wuskwatim Generating Station, completed in 2012.

"We are pleased to work with a trusted partner like Great River Energy to help increase the supply of virtually carbon-free, renewable hydroelectric energy in their supply mix," stated Scott Thomson, President and CEO of Manitoba Hydro. "This MOU demonstrates the continued strong interest in hydro power in U.S. markets. Expansion of electricity trade with Great River Energy will support expansion of hydropower generating capacity in Manitoba and contribute to the ongoing supply of renewable, reliable, and cost-effective electricity to Manitobans."

Read more about Electricity Exports

Manitoba Hydro and Great River Energy have signed a number of power sale and diversity agreements over the last several decades including a 200 MW agreement that runs until 2030. These new discussions under the MOU will help both utilities continue to plan for the long-term development of their generating and transmission resources for the mutual benefit of their customers on both sides of the border.

"The discussion with Manitoba Hydro opens the door to additional hydropower for Great River Energy and our members," said Jon Brekke, Great River Energy Vice President of Membership and Energy Markets. "We have reduced our carbon intensity by 20 percent since 2005. Additional hydropower may be the next logical step in the evolution of our power generation portfolio."

About Great River Energy

Great River Energy is a not-for-profit cooperative which provides wholesale electric service to 28 distribution cooperatives in Minnesota and Wisconsin. Those member cooperatives distribute electricity to approximately 655,000 member consumers - or about 1.7 million people. With $3.7 billion in assets, Great River Energy is the second largest electric power supplier in Minnesota and one of the largest generation and transmission (G&T) cooperatives in the United States. Great River Energy's member cooperatives range from those in the outer-ring suburbs of the Twin Cities to the Arrowhead region of Minnesota to the farmland of southwestern Minnesota. Great River Energy's largest distribution cooperative serves more than 125,000 member-consumers; the smallest serves about 2,500. Learn more at Great River Energy website.

About Manitoba Hydro

Manitoba Hydro is a Crown Corporation and the province's major energy utility, serving over 548,000 electric customers across the province and almost 270,000 natural gas customers in communities throughout southern Manitoba. Manitoba Hydro operates 15 hydroelectric generation facilities and two thermal facilities and has a total generating capacity of 5,685 megawatts.

For more information:

Manitoba Hydro

360 Portage Avenue
Winnipeg, R3C 0G8
Tel: (204) 782-3317

Scott Powell - Public Affairs
Manitoba Hydro
Tel: 204-360-4417
E-mail: spowell@hydro.mb.ca

Randy Fordice
Media Relations, Great River Energy
E-mail: rfordice@grenergy.com

Link http://www.electricenergyonline.com/detail_news.php?ID=471489
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