MOUNTAIN PARKS ELECTRIC, INC.

Regular Meeting of the Board of Directors

Walden, Colorado

September 11, 2025

10:00 A.M.

Attendance

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

Call to Order

President Liz McIntyre called the meeting to order at 10:00 a.m.

Determination of Quorum

A quorum was declared.

Public Comment

Samantha Martin, Jackson County Administrator, addressed the Board regarding outages and the significant effect on local businesses and the county.

David Schmidt, Rand resident, attended the meeting to observe.

Jason Schmidt, Fulcrum Operating, addressed the Board regarding concerns with outages occurring at night and the effect on Fulcrum’s operations.

Claire Chacon, Walden resident, attended the meeting to observe.

Martin, Schmidt, Schmidt, and Chacon exited the meeting.

CONSENT AGENDA

The Consent Agenda contained the following items:

Minutes of August 14, 2025, Meeting of the Board of Directors

Minutes of September 04, 2025, Special Meeting of the Board of Directors

Bills for Payment

The board discussed amendment to the time of executive sessions in the August minutes.  Fredregill suggested reference to his meeting notes for the accurate time.

MOTION: It was properly moved, seconded, and carried to approve the Consent Agenda with an amendment to the August minutes as discussed.

Operations Report

Adam Paulson presented the Operations Report. Paulson reported on large outages and the effects on the membership and line crew. Paulson highlighted that the drone inspection is complete and fifty critical items were fixed as they were found. The final report indicated an additional 3000 items, inclusive of major and minor issues that will be scheduled into future work plans. Paulson reported that Drowsy Water and North Shore projects are complete.  He also provided an update on DHSEM projects.

Engineering Report

Sue Henderson presented the Engineering report. Henderson reported that the Mountain Parks meter is now the power supply meter of record, which will provide MPE more current power purchaser information. Henderson continued to report that as a result of MPE’s exit from Tri-State, MPE will need to register with NERC and comply with applicable NERC standards. Henderson provided an update on two pending RFPs.

Finance Report

Eric Jones presented the Finance Report. Jones reported that MPE’s year-to-date margins show a positive variance from budget of 47.26%. Revenue is also exceeding the budget and cash remains strong. Jones provided an update on the Tri-State exit, including updates on transmission credits and additional patronage capital owed to MPE. Additionally, Jones addressed credit card processing fees.

Information Technology (IT) Report

Joe Palmer presented the Information Technology report. Palmer reported that MPE is verifying communication sites are ready for winter; this is the first year MPE has the Cottonwood communications site due to the Tri-State exit. Palmer continued to report that the metering department is working on getting the remote part of the system in place prior to winter.

Human Resources, Safety, and Administration Report

Angela Wallace presented the Human Resources, Safety, and Administration Report. Wallace reported that there is 7.6% increase in medical fees, and MPE will be promoting preventative healthcare for employees. Wallace provided an update on housing.

Member Relations and Communications Report

Megan Moore-Kemp presented the Member Relations and Communications Report. Moore-Kemp highlighted the Coffee with your Co-op event upcoming in Fraser; an EV Ride and Drive with the YMCA and the Town of Granby; and MPE is hosting a workshop on resiliency in partnership with DOLA and the Town of Winter Park. Moore-Kemp addressed the CoBank grant for the totes program through Mountain Family Center and proposed the use of UCC funds to fund the remainder of the program.

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.

President Liz McIntyre recessed the meeting at 11:47 a.m. and reconvened the meeting at 1:12 p.m.

New Business

Action Items

ETS Rate Recommendations

Joe Palmer presented the ETS rate recommendations, which included near term retirement of the rate. Palmer provided an overview of meter inventory constraints, replacement costs, and minimum order requirements.  A lengthy discussion took place.

MOTION: It was properly moved, seconded, and carried to retire the ETS rate, effective on March 1, 2026.

Annual Review of Director Attendance and Compensation

Liz McIntyre presented the annual review of director attendance and compensation. Discussion took place. No action was taken.

Audit Engagement

Virginia Harman presented the proposed audit engagement and discussed that MPE has been assigned a new audit partner. Discussion took place.

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

Policy B17 Information and Cyber Security

Joe Palmer presented Policy B17 and reviewed revisions made to the policy and additional language on AI. Discussion took place.

MOTION: It was properly moved, seconded, and carried to adopt Policy B17 in its entirety.

Policy D4 Director’s Attendance at Meetings and Compensation

Fredregill presented Policy D4 and reviewed revisions made to the policy. Discussion took place.

MOTION: It was properly moved, seconded, and carried to adopt Policy D4 as presented.

Board Open Forum, Committee Reports, Association Reports

The member relations committee met in September to review policy B17. The committee also discussed scholarship presentations, thoughts on how to streamline the presentation of scholarships, and changes to be made to the annual meeting.

Ryan Zorn reported on the CREA meeting.  He provided an update on CREA’s attempts to hire a new executive director. Zorn continued to report that CREA is hopeful the wildfire legislation will move forward. Lastly, there is an offer on the Washington Street building, with the parties waiting on environmental evaluations before moving forward.

Upcoming Events

The board discussed course offerings at CREA’s Energy Innovations Summit later this fall.

The executive committee needs to schedule a meeting before mid-November.

Old Business

July Minutes

Discussion took place regarding MPE’s commitment of $25K split between MPE and Guzman Energy for the Fraser Bike Park unclaimed capital credit request, specifically with respect to the commitment.

MOTION: It was properly moved, seconded, and carried to fund Fraser Bike Park request for three years in the amount of $25,000.00 per year, provided 50% of the funding will be drawn from unclaimed capital credits and 50% of the funding will be drawn from the fund provided by Guzman Energy for community benefits.

Executive Session

MOTION: It was properly moved, seconded, and carried to enter executive session at 2:37 p.m. for confidential discussion regarding legal 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 the portion of executive session where legal matters were discussed.

MOTION: It was properly moved, seconded, and carried to exit executive session. 

The meeting adjourned at 3:32 p.m.