MOUNTAIN PARKS ELECTRIC, INC.

Regular Meeting of the Board of Directors

Granby, Colorado

January 8, 2026

8:00 A.M.

Attendance

Present: Liz McIntyre, Cray Healy, Mark Volt, Ty Wattenberg, Ryan Zorn, Mike Sjobaken, Justin Fosha, Virginia Harman, Jodi King, Joe Palmer, Angie Wallace, Adam Paulson, Aaron Street, Sue Henderson, Eric Jones, Megan Moore-Kemp, and Attorney Bryson Fredregill, attended in person.

Call to Order

President Liz McIntyre called the meeting to order at 8:00 a.m.

Determination of Quorum

A quorum was declared.

Public Comment

There were no member comments.

CONSENT AGENDA

The Consent Agenda contained the following items:

Minutes of December 11, 2025, Meeting of the Board of Directors

Bills for Payment

MOTION: It was properly moved, seconded, and carried to approve the consent agenda as presented.

Operations Report

Adam Paulson presented the Operations Report. Paulson reported Operations had many accomplishments in 2025 and was excited to announce that three lineman will advance to journeymen in 2026, achieving an ideal apprentice to journeyman ratio for MPE. Paulson continued to report on a new line contractor supervisor position that will provide extra support and knowledge in the field for both lineman and contractors. Paulson reported he anticipates a future proposed budget amendment to address pole replacements. Paulson also highlighted that MPE went another year with no lost time accidents. Moving forward, the near misses and safety report portion of the Operations Report will move to the Human Resources, Safety and Administration Report.

Engineering Report

Sue Henderson presented the Engineering Report. Henderson reported that the long-term planning work plan has begun, and Engineering is gathering data for the consultant. Lastly, Henderson reported the November load decreased due to less snow than in past years.

Finance Report

Eric Jones presented the Finance Report. Jones reported that MPE continues to have positive variances and the journal entry to move the Tri-State interest has been created. Jones continued to report that MPE remains in a strong cash position. Jones reported on capital credit allocation methodology and investigating changes that will need to be made to the bylaws and policies. Lastly, Jones provided an update on an internal work order processes working group.

Information Technology (IT) Report

Joe Palmer presented the Information Technology report. Palmer reported on a tower in Jackson County and the challenges of acquiring the required BLM permits. IT training was presented.

Human Resources, Safety, and Administration Report

Angie Wallace presented the Human Resources, Safety, and Administration Report. Wallace reported that an offer has been made and accepted for the line contractor supervisor position and a troubleman lineman position will be posted soon.

Member Relations and Communications Report

Aaron Street presented the Member Relations and Communications Report. Street provided an update on New ERA and DHSEM grants.

Attorney Report

Attorney Bryson Fredregill referred to his written report and had nothing to add.

CEO’s Report

CEO Harman referred to her written report and board request tracker.  Harman reported that MPE is working with lobbyists and CREA on MPE’s position of a draft bill.

President Liz McIntyre recessed the meeting at 8:55 a.m. and reconvened the meeting at 9:02 a.m.

New Business

Discussion Items

KRTA Presentation

Eric Jones presented the KRTA Presentation, Jones reviewed and discussed 18 of the 145 KRTA ratios, including metrics related to average total consumers, kWh sold, growth, usage, revenue per consumer, total utility plan, depreciation, O&M expense, margins, and power costs. Discussion took place.

2026 Energy Program Overview

Megan Moore-Kemp presented the 2026 Energy Program Overview. Moore-Kemp reviewed the successes and lessons learned of the 2025 program. Moore-Kemp reviewed current conditions and priorities with the 2026 program. Discussion took place.

Strategic Plan Update

Virginia Harman presented the Strategic Plan Update. Harman announced the dates of April 15 and 16 for an offsite meeting that will be facilitated by CoBank. Additionally, Harman mentioned the book The Essentialist for directors and staff to read prior to the March board meeting. Discussion took place.

Board Director Recognition

President Liz McIntyre presented Cray Healy with a certificate and pin from NRECA for completing the Board Leadership Certificate.

President Liz McIntyre recessed the meeting at 10:35 a.m. and reconvened the meeting at 10:46 a.m.

Matt Fiala, Survey Ballot Systems, joined the meeting via remote video conference at 10:49 a.m.

Action Items

Annual Meeting Online Voting

Aaron Street presented the Annual Meeting Online Voting topic and President McIntyre did a quick survey of directors on the significance of online voting. Matt Fiala, Survey Ballot Systems, shared a presentation that went over hybrid elections, online and offsite, and how it works. Fiala discussed encryption, compliance, hosting, and performed a demonstration of the online voting process. Street presented feedback from Colorado cooperatives that participate in online voting. Discussion took place.

Fiala exited the meeting at 11:39 a.m.

MOTION: It was properly moved, seconded, and carried to offer an electronic voting option to MPE’s election process for the 2026 annual meeting.

CoBank Sharing Success Program

Aaron Street presented a request for matching funding in the amount of $15,000.00 from the MPE Unclaimed Capital Credits Fund for the CoBank Sharing Success Program that supports the Mountain Family Center Totes Program. Discussion took place.

MOTION: It was properly moved, seconded, and carried to authorize MPE staff to apply for the CoBank Sharing Success program for $15,000.00 to go towards the Mountain Family Center Totes program and authorize a $15,000.00 MPE UCC fund match.

Policy C2 Donations and Sponsorships

Aaron Street presented a revised Policy C2. Street discussed minor administrative changes and recommended approval of the policy. Discussion took place.

MOTION: It was properly moved, seconded, and carried to adopt policy C2 as presented.

Policy C4 Scholarship Program

Aaron Street presented a revised Policy C4. Street described proposed revisions to eligibility requirements, including the residency requirement. Discussion took place and the policy was further revised to eliminate the express membership requirement and require proof of residency within the MPE territory.

MOTION: It was properly moved, seconded, and carried to adopt Policy C4, as revised.

Policy C6 Use of MPEI Community Rooms

Aaron Street presented Policy C6 with minor administrative changes. Discussion took place.

MOTION: It was properly moved, seconded, and carried to adopt Policy C6 as presented.

Policy C7 Member-Customer Service

Aaron Street presented Policy C7 with minor administrative changes. Discussion took place.

MOTION: It was properly moved, seconded, and carried to adopt Policy C7 as presented.

Board Open Forum, Committee Reports, Association Reports

There were no committee meetings.

There were no association reports.

President Liz McIntyre commented on the Tri-State retirement decision with respect to the Craig Station. Discussion took place.

Upcoming Events

The NRECA Director’s Conference is January 25 – 28, 2026, in Palm Springs, CA.

The CREA Annual Membership meeting is February 7 – 10, 2026, at the Grand Hyatt in Denver. The hotel deadline is January 16. Classes CCD 2600 Director Duties & Liabilities and BLC 928.1 AI and Electric Cooperatives will be held on Saturday and Sunday, respectively.

Old Business

ETS Discussion

Secretary Cray Healy discussed extending the discontinuation of the ETS rate from March 1, 2026, to May 1, 2026. Discussion took place.

MOTION: It was properly moved, seconded, and carried to extend the availability of the ETS rate to May 1, 2026.

President Liz McIntyre recessed the meeting at 12:37 p.m. and reconvened the meeting at 12:47p.m.

Executive Session

MOTION: It was properly moved, seconded, and carried to enter into executive session at 12:48 p.m. for confidential and privileged discussion regarding legal matters and employee matters with the following present: all directors present at the meeting were present for the entire executive session. Harman and Fredregill were present for all of such executive session except for the portion of executive session where discussion of employee matters occurred.

MOTION: It was properly moved, seconded, and carried to exit executive session at 1:47 p.m. 

The meeting adjourned at 1:48 p.m.