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Uti I ities <br />Electricity Cost <br />■ Minnesota's low electricity costs give you a competitive advantage. <br />Minnesota's low rate is comparable to areas with a far smaller supply of skilled <br />workers. <br />■ The average electricity price for industrial consumers in Minnesota is 17 <br />percent lower than Illinois, 13 percent lower than Michigan, and 6 percent <br />lower than Wisconsin. <br />lectricity Average Retail Price for <br />ndustrial Customers, 2009 <br />State <br />Indiana <br />Cents per <br />Kilowatthr <br />Rank <br />5.72 <br />15 <br />Minnesota <br />6.28 24 <br />Ohio 6.69 28 <br />Wisconsin 6.70 29 <br />Michigan 7.17 34 <br />Illinois 7.53 35 <br />U.S. Average 6.84 <br />Source: U.S. Department of Energy, Energy Information Administration. <br />Connexus Energy <br />■ Connexus Energy is the Ramsey, MN energy provider. If Metal-Matic moved to a location in Ramsey, it is probable <br />they will qualify for a 5-year discounted electric rate. To encourage economic development, Connexus is offering <br />this discounted rate to new or expanding large electrical users taking firm service (i.e. large users being greater than <br />1,000 kW peak demand). Based upon Metal-Matic's required service of 2,000 amps at 480V, they will likely meet the <br />"large user" criteria. The discounted rate is a customer specific contract based on their pro forma load profile. As <br />an example, the discount will be approximately 25% year one,then decreasing each year with year five being a 5% <br />discount. <br />Connexus Energy's current average rate by load factor is <br />reflected in Table 1. <br />Table 1 <br />2011 Rates <br />Load Factor <br />Average $/kWh <br />50% <br />60% <br />70% <br />80% <br />$0.084 <br />$0.078 <br />$0.073 <br />$0.069 <br />■ An estimate of the first year discounted rate (Le. the <br />approximate 25% discount) as applied to current rates <br />is reflected in Table 2. <br />Table 2 <br />Estimated Year 1 Discounted Rate <br />Load Factor <br />50% <br />60% <br />70% <br />80% <br />Average $/kWh <br />$0.063 <br />$0.059 <br />$0.055 <br />$0.052 <br />■ Connexus Energy also offers an expansive portfolio of <br />energy -efficiency rebates. The rebates provide capital <br />upfront to offset the incremental expense of installing <br />high efficiency equipment. <br />Minnesota's energy services are extremely reliable and cost less than the national average. 17 <br />