MOUNTAIN PARKS ELECTRIC, INC.
Regular Meeting of the Board of Directors
Granby, Colorado
November 13, 2025
8:00 A.M.
Attendance
Present: Liz McIntyre, Cray Healy, Mark Volt, Ty Wattenberg, Virginia Harman, Jodi King, Joe Palmer, Adam Paulson, Aaron Street, Sue Henderson, Angie Wallace, Eric Jones, Megan Moore-Kemp, and Attorney Bryson Fredregill, attended in person. Ryan Zorn and Mike Sjobakken attended virtually. Justin Fosha was 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 member comments.
CONSENT AGENDA
The Consent Agenda contained the following items:
Minutes of October 9, 2025, Meeting of the Board of Directors
Minutes of October 27, 2025, Special 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 that the fall construction push was successful due to warmer than normal weather and there is no backlog of jobs for next spring. Paulson continued to report that pole inspections have been completed and approximately 100 poles have been identified for immediate replacement. Operations is working with engineering on a plan to replace the poles. Additionally, Paulson reported the completion of phase 1 of the streetlight administration project, which involved converting over 900 streetlight accounts to individual locations in MPEI’s CIS system. This enables MPE to know exactly where streetlights are located facilitating better maintenance and repair oversight.
Engineering Report
Sue Henderson presented the Engineering Report. Henderson reported that MPE’s power loads are going up again and the increase is standard to what MPE has seen historically. Additionally, Henderson reported that MPE received four responsive bids for the Substation and Transmission line RFP and six bids for the Long-Term Planning Work Plan RFP. Due to the recent nice weather, MPE was able to have a consulting company evaluate the property where the substation will go.
Finance Report
Information Technology (IT) Report
Joe Palmer presented the Information Technology report. Palmer reported MPE participated in a county-wide tabletop emergency response exercise in October that included county and state agencies. He reported it was a good exercise to bring awareness to the capabilities and shortfalls in the county. IT training was presented.
Human Resources, Safety, and Administration Report
Angie Wallace presented the Human Resources, Safety, and Administration Report. Wallace reported the MPE has a new check-in system at the front desk. The system identifies, and provides notice of people in the building, which enhances safety for MPE employees and non-employees.
Member Relations and Communications Report
Aaron Street presented the Member Relations and Communications Report. Street provided an update on a communications group and networking opportunities. Street continued to report that with the startup of the federal government, MPE has reached out to its New ERA contacts for an update on the status of funding. Street continued to report on the Coffee with your Coop event in Granby
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 had nothing to add.
New Business
Action Items
Tri-State Interest Treatment
Eric Jones gave a presentation on the Treatment of Prepaid Transmission Credit Interest Income. Jones presented the options to book the interest from Tri-State for the prepaid transmission credit. He explained that “above the line” booking refers to booking this interest as a contra-expense to purchased power while “below the line” booking refers to booking the interest as interest income. Jones, Harman, and the board discussed effects and justifications of both approaches, including allocation and future retirement obligations under the above the line approach, the treatment of other interest income, effects on permanent equity, equity management, benefits to relative benefits to present and future members, and rate stability. Jones explained that the decision of how to treat the interest income needed to be made for the life of such income and that MPE would not change the selected approach in future years. The board achieved a general consensus that the below the line approach provided the greater and more balanced benefit to MPE and its members.
MOTION: It was properly moved, seconded, and carried to direct the Tri-State interest income from the prepaid transmission credit to be booked as interest income, or below the line.
2026 Budget
Eric Jones presented the 2026 Budget and discussed modifications made to the budget. Jones indicated that kWh, revenue, and purchased power figures were projected without accounting for certain unique contract services. Given the subject contract economics and highly variable load factor, this approach was deemed most predictable from a budget standpoint. Discussion took place.
MOTION: It was properly moved, seconded, and carried to adopt the 2026 Budget as presented.
President Liz McIntyre recessed the meeting at 9:12 a.m. and reconvened the meeting at 9:30 a.m.
Ben Bratrud, Power Systems Engineering, Inc., joined the meeting virtually.
2026 Rate Increase
Eric Jones presented the proposed 2026 Rate Increase. Jones, Harman, and Bratrud discussed MPE’s cost of service study provided by Power System’s Engineering, Inc., KRTAs, and reviewed the proposed rates comparison from 2025 to 2026. Discussion took place.
MOTION: It was properly moved, seconded, and carried to adopt the proposed 2026 Rate Increase as presented.
Bratrud exited the meeting.
Section 2 Tariff Rate Changes
Jodi King presented the proposed revisions made to the Section 2 Tariff Rate Changes, which align with the 2026 Rate Increase adopted earlier in the meeting. Discussion took place.
MOTION: It was properly moved, seconded, and carried to adopt the Section 2 Tariff Rate changes as presented.
Tariff Section 308 Capacity Charge Tariff Change
Sue Henderson presented the revisions made to the Tariff Section 308 Capacity Charge, including the removal of Tri-State. Discussion took place.
MOTION: It was properly moved, seconded, and carried to adopt Tariff Section 308 as presented.
Tariff Section 324.14 Deferred Payment Plan Tariff Change
Eric Jones presented proposed revisions to Tariff Section 324.12 Deferred Payment Plan, including removal of redundant information. Discussion took place.
MOTION: It was properly moved, seconded, and carried to adopt Tariff Section 324.14 as presented.
Tariff Section 341 Generation Interconnection Application Charges and Timelines
Megan Moore-Kemp presented the revisions made to Tariff Section 341 Generation Interconnection Application Charges and Timelines. Discussion took place.
MOTION: It was properly moved, seconded, and carried to adopt Tariff Section 341 as presented.
Bylaw Change
Aaron Street presented the proposed Bylaw change and Resolution MPE-25-006 of Article III Section 3, changing the record date for members entitled notice of member meetings from 40 days to 70 days. Discussion took place.
MOTION: It was properly moved, seconded, and carried to adopt resolution MPE-25-006 as presented.
BOOST Government Shutdown Impact Exception Consideration
Virginia Harman presented the BOOST Government Shutdown Impact Exception proposal to extend the BOOST program to federal employees and government contractors of the government shutdown affected by the federal government shutdown. Discussion took place.
MOTION: It was properly moved, seconded, and carried to expand the BOOST program eligibility for 30 days to include federal employees and contractors of the government who have been furloughed due to a government shutdown.
Policy C3 Vandalism Award
Eric Jones presented a revised Policy C3, including revisions to expanding eligibility to include civil damages and penalties and changing the name of the policy to Information Award.
MOTION: It was properly moved, seconded, and carried to adopt Policy C3 as presented.
Unclaimed Capital Credit Donation Requests
President Liz McIntyre presented the unclaimed capital credit requests for Mountain Family Center, East Grand Middle School 8th Grade DC Trip, Grand County Wildfire Council, Moffat Road Railroad Museum, Grand Jackson Enterprise Initiative, and Fraser Valley Arts. Discussion took place.
MOTION: It was properly moved, seconded, and carried to fully fund the Mountain Family Center request in the amount of $15,000.
MOTION: It was properly moved, seconded, and carried to approve funding $9,000 for the East Grand and West Grand Middle School 8th Grade DC Trip.
MOTION: It was properly moved, seconded, and carried to approve funding $8,000 for the Grand County Wildfire Council Chipping Days and capacity support.
MOTION: It was properly moved, seconded, and carried to approve funding the Moffat Road Railroad Museum $5,000 request.
MOTION: It was properly moved, seconded, and carried to table further discussion for the Grand Jackson Enterprise Initiative subject to the provision of additional information.
MOTION: It was properly moved, seconded, and carried by majority vote to commit $25,000 to Fraser Valley Arts contingent on getting written commitments for the full six-million-dollar project. Five voted in favor.
Board Open Forum, Committee Reports, Association Reports
The Executive Committee met on October 30, 2025, to review policy A6.
Ryan Zorn reported there was a CREA meeting on November 4, 2025, in conjunction with the CREA Energy Innovations Summit. Cray Healy, Virginia Harman, and Zorn attended director course #988.1, The Board’s Role in Safety. The remaining environmental evaluations have been completed for CREA’s Washington Street building, the final sale of the building is still pending. The new executive director will begin in early January 2026.
Mark Volt reported that Western United met on October 31, 2025, and has added three new members. The dividends that MPE received were from 2018. Moving forward Western United will be retiring patronage on a 6-years cycle rather than 8 years.
Upcoming Events
The Board discussed the CoBank Special Meeting of Stockholders and casting a vote on the ballot initiatives. There is no interest in attending.
The Board discussed course offerings at NRECA’s Winter School for Director’s in December. The hotel deadline is November 20, 2025.
The Board discussed NRECA’s Directors Conference in January. The hotel deadline is January 5, 2026.
Virginia Harman spoke briefly about the MPE Holiday Party on December 17, 2025, if the Board would like to attend, please RSVP to Virginia by December 1, 2025.
The Member Relations Committee needs to schedule a meeting for the first week of December.
Action on Board Report Items
MOTION: It was properly moved, seconded, and carried to vote “for” the CoBank ballot initiative as presented.
Old Business
There was no old business.
Mike Sjobakken, Angie Wallace, Eric Jones, Aaron Street, and Adam Paulson left the meeting at 11:51 a.m.
President McIntyre recessed the meeting at 11:51 a.m. and reconvened the meeting at 12:21 p.m.
Jodi King left the meeting at 12:22 p.m.
Executive Session
MOTION: It was properly moved, seconded, and carried to enter into executive session at 12:22 p.m. for confidential and privileged discussion regarding a key account discussion, legal matters, and employee matters with the following present: all directors present at the meeting were present for the entire executive session. Sue Henderson was present for a portion of the key account discussion and exited the meeting at 12:35 p.m. Megan Moore-Kemp was present for the entire key account discussion, and exited at 1:07 p.m. Harman and Fredregill were present for all of such executive session except for a portion where the employee matters were discussed.
MOTION: It was properly moved, seconded, and carried to exit executive session at 2:22 p.m.
MOTION: It was properly, moved, seconded, and carried to name the proposed substation Corona.
The meeting adjourned at 2:24 p.m.