MOUNTAIN PARKS ELECTRIC, INC.

Regular Meeting of the Board of Directors

Granby, Colorado

June 12, 2025

8:00 A.M.

Attendance

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

Call to Order

President Liz McIntyre called the meeting to order at 8:01 a.m.

Determination of Quorum

A quorum was declared.

Public Comment

The following scholarship winners entered the meeting remotely:

Ellen Osborne

Christopher Reyes

Osborn and Reyes left the meeting.

The following scholarship winners entered the meeting in person:

Callie Freitag

Evelyn Amaya

Taylor Martinson

Nicole Periolat

Gavin Pittington

Martinson and Pittington left the meeting.

Chelsea Gaines, teacher at West Grand High School, and students Callie Freitag, Evelyn Amaya, and Taylor Martinson presented a slideshow on a trip to California that the Charitable Trust assisted in funding.

Gaines, Freitag, Amaya and Martinson exited the meeting.

MPE member Daniella Gosselova, Granby resident, addressed the board on rehabilitating grounds to their natural habitat once ground work is completed.

Gosselova left the meeting.

CONSENT AGENDA

The Consent Agenda contained the following items:

Minutes of May 08, 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 working on DHSEM projects that include six different projects related to wildfire mitigation and grid hardening. Paulson reported that MPE is close to finalizing substation work necessary for the transition from Tri-State and expects this to be completed in June. MPE is working with PANO AI to install two smart cameras that monitor smoke across the county, enabling rapid response to fires.

Engineering Report

Virginia Harman referred to the Engineering Report as prepared by Sue Henderson and offered to answer questions. There were no questions.

Finance Report

Eric Jones presented the Finance Report. Jones reported that margins are $1M more favorable than expected. MPE’s cash position is good and there is no significant change in debt facility. The equity to total assets ratio is at an anticipated low point but will begin to go up in the coming months. Jones reviewed financials.

Information Technology (IT) Report

Joe Palmer presented the Information Technology Report. Palmer reported on a cyber security exercise with the county that will take place in Q4. Palmer reported on his involvement with a small group interested in AI and business intelligence related to energy. IT training was presented.

Human Resources, Safety, and Administration Report

Angela Wallace presented the Human Resources, Safety, and Administration Report. Wallace reported on staffing updates and that MPE is in second round interviews for the Fiber Project Manager. Wallace presented policy I-8 Equipment and Facility Use, and an associated instructional video.

Member Relations and Communications Report

Aaron Street presented the Member Relations and Communications Report. Street reported on New ERA and the Community Benefits Plan (CBP). MPE was the first grantee in the country to submit its CBP, which has been approved.  Currently, 95% of the CBP has been implemented, and MPE is waiting for funding. Street further reported on RFPs for marketing services and highlighted upcoming events.

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 9:36 a.m. and reconvened the meeting at 9:52 a.m.

Board Open Forum, Committee Reports, Association Reports

The member relations committee met and reviewed the Community Benefits Plan.

The finance committee met and reviewed policies B14 and B15.

Ryan Zorn reported on CREA, the purchase of a new headquarters location, and the impact on membership.

Mark Volt reported that Western United does not meet until August 28, 2025.

Cray Healy reported on a cyber security class he attended.

Justin Fosha joined the meeting via Zoom at 10:09 a.m.

New Business

Directors’ Duties and Standards of Conduct

Attorney Fredregill presented the directors’ duties and standards of conduct training. Discussion took place.

Strategic Plan

Virginia Harman presented the strategic plan and the status of the objectives. Harman highlighted revisions made to Objectives 4, 8, and 10 and recommended the board approve the revisions. Discussion took place.

MOTION: It was properly moved, seconded, and carried to approve the strategic plan objective sheets as amended.

Action Items

Policy B8 Release of Corporate Information

Attorney Fredregill presented Policy B8. Fredregill discussed revisions made and recommended additional changes that can be made to the policy. Discussion took place.

MOTION: It was properly moved, seconded, and carried to table Policy B8 to the July meeting for further review by legal counsel.

Policy D3 – Conflicts of Interest

Virginia Harman presented revised Policy D3 and discussed revisions made. Discussion took place.

MOTION: t was properly moved, seconded, and carried to adopt Policy D3 as presented.

City Wide Bank Resolution

Eric Jones presented MPE Resolution 25-005 to update the titles of Authorized Signatories with City Wide. Discussion took place.

MOTION: It was properly moved, seconded, and carried to approve MPE resolution 25-005 as presented.

Budget Amendments

Eric Jones presented a budget amendment to have the boiler replaced in the warehouse. Discussion took place.

MOTION: It was properly moved, seconded, and carried to approve the boiler replacement budget amendment as presented.

Adam Paulson presented a budget amendment for maintenance at the Murphy Substation. Discussion took place.

MOTION: It was properly moved, seconded, and carried to approve the Murphy Substation maintenance budget amendment as presented.

Upcoming Events

The board discussed the upcoming CFC annual meeting and voting on the bylaw change.

MOTION: It was properly moved, seconded, and carried to appoint Eric Jones as the CFC voting delegate for the annual meeting.

MOTION: It was properly moved, seconded, and carried to vote for the CFC bylaw changes as proposed.

The board discussed the upcoming NCSC annual meeting and voting for Class E Director positions.

MOTION: It was properly moved, seconded, and carried to appoint Liz McIntyre as the NCSC voting delegate.

MOTION: It was properly moved, seconded, and carried to vote for the proposed Class E Directors in each position as presented.

The board discussed the CFC memo regarding District 7, Position M request for candidates.

The board discussed the upcoming NRECA Resolutions Committee Representative.

Jodi King will schedule committee meetings.

Old Business

There was no old business.

President Liz McIntyre recessed the meeting at 11:37 a.m. and reconvened the meeting at 11:42 a.m.

Executive Session

MOTION: It was properly moved, seconded, and carried to enter executive session at 11:47 a.m. for confidential discussion regarding legislative, legal, and employee matters with the following present: Harman and Fredregill were present for the discussion regarding legislative and legal matters; all directors present at the meeting were present for the entire executive session, Justin Fosha attended virtually.   

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

The meeting adjourned at 12:45 p.m.