Western Minnesota Municipal Power Agency
Western Minnesota Municipal Power Agency (WMMPA) was incorporated on June 16, 1976, as a municipal corporation and political subdivision of the State of Minnesota. WMMPA has a formal relationship through which WMMPA finances the construction and acquisition of the generation and transmission facilities for members of Missouri River Energy Services (MRES). MRES staff provides the administrative services to manage WMMPA's portfolios. WMMPA's membership primarily includes the Minnesota members of MRES.
Fitch Ratings, a New York-based financial rating agency assigned WMMPA’s outstanding power supply revenue bonds an AA- with stable outlook. Moody’s Investors Service, also from New York, rates WMMPA’s outstanding bonds Aa3 with a stable outlook.
WMMPA's projects include:
- A 16.47 percent share of the Laramie River Station in Wyoming;
- Financing of the 140-MW natural gas-fired Exira Station in west central Iowa;
- The 65-MW, oil-fired Watertown Power Plant in Watertown, S.D.;
- The financing of a wind project located near the Minnesota community of Worthington;
- WMMPA owns more than $100 million in transmission facilities in Iowa, Minnesota, South Dakota and Wyoming. WMMPA has invested in transmission upgrades and expansions in Minnesota and the surrounding region as part of the CapX2020 effort;
- and WMMPA is providing the financing for construction of the Red Rock Hydroelectric Project.