MRES S-1 Power Supply Agreement extension
Summary
Vermillion gets about 46% of its power from MRES, and the proposed amendment would lock in that relationship through 2067 — an extra ten years past the current 2057 expiration. Projected wholesale rate increases of about 4.2% in 2027 will flow through to electric bills.
At a glance
- Total mentions
- 2
- Last 30 days
- 1
Discussed at 2 meetings in the last 60 days; most recently Oct 5, 2026.
Impact analysis
MRES wholesale rates are projected to rise about 4.2% in 2027 after a 4.7% increase in 2026, which shows up in residents' electric bills.
Residents get guaranteed supplemental power coverage even if WAPA allocations drop, plus member programs like scholarships, rebates and training.
Mentions & discussions (2)
City Council Agendas, Packets and Minutes (Regular) - Oct 5, 2026
The city locked in its supplemental electricity supplier through 2067, extending the agreement ten years and setting WAPA purchase caps for 2027-2037.
City Council Agendas, Packets and Minutes (Special) - Sep 21, 2026
Vermillion gets about 46% of its power from MRES, and the proposed amendment would lock in that relationship through 2067 — an extra ten years past the current 2057 expiration. Projected wholesale rate increases of about 4.2% in 2027 will flow through to electric bills.
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