MOUNTAIN PARKS ELECTRIC, INC.

Regular Meeting of the Board of Directors

Granby, Colorado

June 11, 2026

8:00 A.M.

Attendance

Present: Justin Fosha, Cray Healy, Liz McIntyre, Mark Volt, Ty Wattenberg, Ryan Zorn, Mike Sjobakken, Wade Pynes, Jodi King, Adam Paulson, Joe Palmer, Eric Jones, Sue Henderson, Angie Wallace, Megan Moore-Kemp, Abbey Brower with Williamson, Lowery, Fredregill, and Bryson Fredregill attended in person. Aaron Street and Virginia Harman were not present.

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 public comments.

CONSENT AGENDA

The Consent Agenda contained the following items:

Minutes of May 14, 2026, Meeting of the Board of Directors

Bills for Payment

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

Department Reports

Operations Report

Adam Paulson presented the Operations Report. Paulson reported that pole top rescue training was performed earlier in the week. The requirement is four minutes to conduct a pole top rescue, and all passed with some fastest times under three minutes. Paulson continued to report on the windy, dry conditions, that wildfires are a concern, and the need to place the system in fire protection mode (one shot). Operations continues to emphasize safety for crews while performing duties out in the field. An emergency planning training took place evaluating different scenarios and the roles of individuals and groups during these scenarios.

Engineering Report

Sue Henderson presented the Engineering Report. Henderson reported that the first SPP bill is expected any day. Henderson is ensuring MPE has all the data necessary to verify the bill is correct. Henderson explained that she has an expectation of what this bill will be as Engineering has previously prepared an estimate.

Finance Report

Eric Jones presented the Finance Report. Jones reported that kWh sales continue to be much lower than budgeted, which is offset to some degree by lower cost of power expenses. Jones highlighted an added graph in his written report that includes heating degree days, which are lower than expected. Jones continued to report that Finance is being thoughtful about how to estimate and reflect transmission charges appropriately, as SPP bills transmission charges two months after those charges are incurred. Jones reported that Finance is coordinating with Tri-State regarding the pre-paid transmission credit. Jones reported on MPE’s cash position.

Information Technology (IT) Report

Joe Palmer presented the Information Technology Report. Palmer reported on the CTO migration in July and working through multi-factor authentication (MFA) features of the migration. Palmer addressed the AI Standard Operating Procedure and Policy B17. Discussion took place.

Human Resources, Safety, and Administration Report

Angie Wallace presented the Human Resources, Safety, and Administration Report. Wallace provided updates on open positions and offers accepted. Wallace reported on MSR, accounting, and front office training. Wallace highlighted that it has been over 4 years since MPE experienced a lost time accident.

Member Relations and Communications Report

Megan Moore-Kemp referred to the Member Relations and Communications Report prepared by Aaron Street and offered to answer questions.

New Business

Action Items

Tariff Section 3

Jodi King presented the proposed revisions made to Tariff Section 3, including changes to the terms of service, clarifying language, style, and formatting for clarity and consistency throughout the section. Discussion took place and President McIntyre created an advisory committee to review select subsections of Section 3 by the end of 2026. President McIntyre appointed Justin Fosha and herself to the committee.

MOTION: It was properly moved, seconded, and carried to adopt Tariff Section 3 as presented.

Drone Budget Amendment

Adam Paulson presented the drone budget amendment that will fund completion of the level 1 priority drone-identified anomalies. Discussion took place.

MOTION: It was properly moved, seconded, and carried to adopt the drone budget amendment as presented.

Fiber Backbone Budget Amendment

Adam Paulson presented the fiber backbone budget amendment that will fund identified reinforcements and repairs along the fiber backbone in the North Park area. Discussion took place.

MOTION: It was properly moved, seconded, and carried to adopt the fiber backbone budget amendment as presented.

Shop Drain Budget Amendment

Eric Jones presented the shop drain budget amendment to repair the drain in the main shop, which is structurally failing, and the drain in the mechanic’s wash bay, which has not yet failed but assumed to be the approximate same age and condition of the drain in the main shop. Jones presented a quote he has received to repair both drains. Discussion took place.  

MOTION: It was properly moved, seconded, and carried to adopt the shop drain budget amendment as presented by majority vote, 5-2. Director Zorn voted against the motion.

NISC Merger Vote

Wade Pynes presented the Notice of Special Meeting of the Members of NISC, merging NISC and Meridian Cooperative, Inc., and recommended MPE vote “yes” in response to the following question, which is before the NISC membership: “Do you vote to approve the Agreement and Plan of Merger between National Information Solutions Cooperative, Inc. and Meridian Cooperative, Inc. and the consummation of the transactions contemplated thereby, including the Merger (as defined therein) and the related amendments to NISC’s Articles of Incorporation and Bylaws (each as attached to the Agreement and Plan of Merger)?”

MOTION: It was properly moved, seconded, and carried to vote  “yes” in response to the following question, which is before the NISC membership: “Do you vote to approve the Agreement and Plan of Merger between National Information Solutions Cooperative, Inc. and Meridian Cooperative, Inc. and the consummation of the transactions contemplated thereby, including the Merger (as defined therein) and the related amendments to NISC’s Articles of Incorporation and Bylaws (each as attached to the Agreement and Plan of Merger)?”

NRECA’s Resolution 6.9

Wade Pynes presented the NRECA’s Resolution 6.9 and recommended MPE submit comments opposing Resolution 6.9.

MOTION: It was properly moved, seconded, and carried to authorize the submission of comments to NRECA opposing Resolution 6.9.

PSA Carveout Utilization – 2026

Wade Pynes presented the proposed 2026 PSA Carveout Utilization.  Discussion was deferred to executive session.

Policy D3 – Conflicts of Interest

Attorney Bryson Fredregill presented Policy D3 and highlighted the major changes to the policy, including additional income limitations and a reduction of exemptions. Discussion took place.

MOTION: It was moved and seconded to adopt Policy D3 with amended language to Section III.A.2 to allow for an exception for de minimis amounts. The motion failed with a vote of 3-4.

MOTION:  It was properly moved, seconded, and carried to adopt Policy D3 as generally presented, but amending Section III.A.2 to read as follows: “An Official may not directly or indirectly receive employment or independent contractor compensation from another Official, except for de minimis amounts.”

President McIntyre recessed the meeting at 9:56 a.m. and reconvened at 10:09 a.m.

Discussion Items

Directors’ Duties and Standards of Conduct

Attorney Bryson Fredregill presented the Directors’ Duties and Standards of Conduct training reviewing the directors’ and officers’ fiduciary duties as a member of the Board. Discussion took place.

End of Season Legislative Report

Megan Moore-Kemp presented the end of season legislative report. Moore referred to the written report from Balcerovich Coleman and highlighted some of the bills from this legislative session and the bills MPE expects to see next year. Discussion took place.

Board Open Forum, Committee Reports, Association Reports

The Executive Committee met to review Policy D3.

Ryan Zorn reported on the most recent CREA meeting in Meeker and a field trip to a solar field in Craig. Zorn reported that White River’s FEMA funds are still in limbo. Zorn reported that the sale of the old CREA has closed. Zorn gave an update on personnel at CREA and explained there has been some discussion about hiring an additional safety position as the leader of that group nears retirement.

Mark Volt reported that the next Western United meeting is August 27, 2026. Western United continues to add members, currently at 90.

Upcoming Events

Both the Executive Committee and the Member Relations Committee need to schedule meetings prior to July 27, 2026, to review policies.

Wade Pynes is attending the CFC annual meeting.

Megan Moore-Kemp and Liz McIntyre are attending the JOLT Energy Summit as MPE representatives.

Old Business

There was no old business.

Attorney Report

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

CEO’s Report

There was no CEO report.

Executive Session

MOTION: It was properly moved, seconded, and carried to enter into executive session at 11:02 a.m. for confidential and privileged discussion regarding power supply, legal matters, employee matters, and New ERA with the following present: all directors present at the meeting, Adam Paulson, Wade Pynes, Eric Jones, Bryson Fredregill, and Abbey Brower present for all of such executive session.

MOTION: It was properly moved, seconded, and carried to exit executive session at 12:06 p.m. 

MOTION: It was properly moved, seconded, and carried to approve the Tri-State Confirmation for the 2026 PSA carve-out.  

President McIntyre recessed the meeting at 12:09 p.m. and reconvened 1:00 p.m.

Crew Visit

The Board attended a crew visit.

It was properly moved, seconded, and carried to adjourn the meeting at 3:01 p.m.