MOUNTAIN PARKS ELECTRIC, INC.
Regular Meeting of the Board of Directors
Granby Headquarters
321 W. Agate Ave., Granby, Colorado
October 8, 2026
8:00 A.M.
Attendance
Present: Justin Fosha, Mark Volt, Ty Wattenberg, Ryan Zorn, Mike Sjobakken, Virginia Harman, Wade Pynes, Jodi King, Adam Paulson, Aaron Street, Joe Palmer, Eric Jones, Sue Henderson, Angie Wallace and Bryson Fredregill attended in person. Liz McIntyre, Cray Healy and Megan Moore-Kemp attended remotely.
Call to Order
Vice President Justin Fosha called the meeting to order at 8:00 a.m.
Determination of Quorum
A quorum was declared.
Public Comment
The following members entered the meeting: Joanna Whitemarsh, Dennis Carpenter, and Nikole Morgan.
Dennis Carpenter, Kremmling resident, addressed the Board regarding the August 13, 2026, Board of Directors meeting held in Kremmling and provided information on Randy George, candidate for Grand County District 3 Commissioner.
Nikole Morgan, Walden resident, addressed the Board regarding a current work order for a service extension to her home and had questions regarding her ability to perform some of the dirt work.
Carpenter and Whitemarsh left the meeting.
CONSENT AGENDA
The Consent Agenda contained the following items:
Minutes of September 10, 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.
New Business
Discussion Items
2027 Operating and Capital Budget
Eric Jones presented the preliminary 2027 Operating and Capital Budget. Jones presented two budget options with variance in planned capital projects the primary difference. Jones discussed how the budget options affected specific projects, revenue requirements, and rate requirements. Jones discussed how rate adjustment timing can reduce impacts and allow for additional rate structure analysis. Jones continued to discuss operating expenses, cost of power, labor & benefits, controllable spend, grant funding, and the budget cuts incorporated in the options presented. Further discussion took place on projecting forecast growth, increases for outside services, potential customer accounts, cash management, and weather sensitivity. Discussion took place.
Morgan left the meeting.
2027 Program Planning
The 2027 Program Planning discussion was postponed to the November 12, 2026, Board of Directors meeting.
Action Items
Budget Amendment
Virginia Harman presented a budget amendment request in the amount of $175,000.00 for special legal counsel. Discussion took place.
MOTION: It was properly moved, seconded, and carried to approve the budget amendment as presented.
Establish Annual Meeting Date & Location
Aaron Street presented options for the Annual Meeting date and location. Discussion took place.
MOTION: It was properly moved, seconded, and carried to establish the annual meeting date and location on May 1, 2027, at Middle Park High School in Granby, CO.
UCC Request
Aaron Street presented the UCC request from Fraser Valley Arts for $5,000.00 to recognize MPE in the Founders Circle located in their facility.
MOTION: It was properly moved, seconded, and carried to fund the Fraser Valley Arts UCC request in the amount of $5,000.00.
Vice President Fosha recessed the meeting at 9:42 a.m. and reconvened the meeting at 9:55 a.m.
Department Reports
Operations Report
Adam Paulson presented the Operations Report. Paulson reported on the approval of Phase 2 of MPE’s DHSEM project. MPE is navigating seasonal construction constraints to complete the project by the February 1, 2027, deadline. Paulson discussed the vegetation management progress and how MPE is working to address challenges created by the dry weather, including the need to trim certain trees out of cycle. Paulson highlighted the lineman who participated in the Guatemala lighting project. For three weeks, they built over four miles of line and connected over 100 homes. He would like to set up a similar initiative sponsored by Colorado cooperatives in the future.
Engineering Report
Sue Henderson presented the Engineering Report. Henderson highlighted the moratorium on road cuts implemented by local governments beginning October 15. MPE is halting jobs and communicating with customers that have road cuts as well as communicating about winter price digging. Henderson noted a seasonal increase in service requests.
Finance Report
Information Technology (IT) Report
Joe Palmer presented the Information Technology report. Palmer reported that the C2M2 assessment with the Department of Energy and Axios will take place at the end of October, with a preliminary report to follow in November. Palmer reported on the Jackson County Tower project.
Human Resources, Safety, and Administration Report
Angie Wallace referred to the Human Resources, Safety, and Administration Report and had nothing to add. The board discussed new hires and lineman turnover in Granby.
Member Relations and Communications Report
Aaron Street presented the Member Relations and Communications Report. Street reported on a project to promote careers at MPE, including recruiting local high school students and young adults. A recruiting event coordinated with local high schools will be taking place November 11, 2027. Street continued to report that the Coffee with your Coop events have been going well and the next one is Tuesday, October 13, at Big Shooter in Kremmling. Street also mentioned the 5th Quarter event happening on Friday, October 23, at the Granby headquarters following the high school football game.
Board Open Forum, Committee Reports, Association Reports
There were no committee meetings reports.
Ryan Zorn had no report for CREA.
Mark Volt reported that Western United has a meeting at the end of October.
Upcoming Events
The CREA Innovations Summit is October 31 – November 3, 2026, in Denver, CO and all directors are registered for the Sunday course 909.1, Effective Governance in the Face of a Crisis.
Winter School for Directors is December 11 – 15, 2026, in Nashville, TN.
The Executive Committee is meeting on November 17, 2026.
The Finance Committee needs to schedule a meeting before November 19, 2026, to review policies for the December meeting.
Executive Session
MOTION: It was properly moved, seconded, and carried to enter into executive session at 10:33 a.m. for confidential discussion regarding BESS Presentations with the following present: all directors present at the meeting, Virginia Harman, Wade Pynes, Adam Paulson, Eric Jones, Megan Moore-Kemp and Bryson Fredregill. Jon Mancini, Geri Kantor, and Matt Parlon entered the meeting via video conference for a portion of the BESS Presentation Discussion and exited thereafter. Frank Genova and Griffin Atkinson entered the meeting via video conference for a portion of the BESS Presentation Discussion and exited thereafter.
MOTION: It was properly moved, seconded, and carried to exit executive session at 12:21 p.m.
Vice President Fosha recessed the meeting at 12:24 p.m. and reconvened the meeting at 12:45 p.m.
Jodi King, Aaron Street, and Joe Palmer re-entered the meeting.
Katy Hale, Grand Beginnings, and Stacy Starr, Mountain Family Center, entered the meeting at 12:45 p.m.
Old Business
Grand Beginnings Update
Katy Hale, Director of Grand Beginnings, presented an update on the Grand Beginnings programming in Grand and Jackson Counties.
Hale left the meeting.
Mountain Family Center Update
Stacy Starr, Director of Mountain Family Center (MFC), provided an update on the programs and partnerships MFC provides to both Grand and Jackson Counties. She presented data on community utilization of MFC programming.
Starr left the meeting.
Angie Wallace entered the meeting
Attorney Report
Attorney Bryson Fredregill referred to his written report.
CEO’s Report
CEO Harman referred to her written report.
Executive Session
MOTION: It was properly moved, seconded, and carried to enter into executive session at 1:29 p.m. for confidential discussion regarding, the proposed 2027 Budget, power supply, legal matters, Risk & Strategy report, member matters, and employee matters, with the following present: all directors present at the meeting. Virginia Harman, Wade Pynes, and Bryson Fredregill were present for all of such executive session except for the portion where employee matters were discussed. Megan Moore-Kemp joined remotely for the portion of such executive session where power supply was discussed. Jones, Paulson, and Wallace were present for the portion of executive session where the proposed 2027 Budget was discussed.
MOTION: It was properly moved, seconded, and carried to exit executive session at 4:27 p.m.
MOTION: It was properly moved, seconded, and carried to authorize the CEO to execute a letter of intent and negotiate a definitive agreement to be presented to the board for the staff-recommended BESS Project Proposal as discussed in executive session.