The M-S-R Public Power Agency was created on April 29, 1980, through a Joint Exercise of Powers Agreement among Modesto Irrigation District, the City of Santa Clara (as Silicon Valley Power) and the City of Redding for the purposes of acquiring, constructing, operating, and maintaining, any Project for the purpose of providing electrical energy or other Project benefits for public or private uses. Unless otherwise noted, the participation in M-S-R PPA project is Modesto 50%, Silicon Valley Power 35%, and Redding 15%.