Jared Wennermark

The board meeting involved extensive reporting across various operational and strategic areas including director nominee search updates, CEO industry discussions, legislative and legal updates, succession management, and financial reporting such as FAS106 fund and market rate comparisons. Key discussion topics included energy innovation programs, member services, construction and power supply projects, ERCOT market analysis, internet service activities, and technology updates. The board also approved the 2026 Committee on Nominations, monthly financials and work orders, and the annual review and update of corporate policies.

The Board meeting included numerous reports and discussions. Key topics involved updates on the Director Nominees District 2 Search Committee, CEO industry discussions and 2026 objectives, a legislative update, succession management, operations, communications, professional services, and various operational reports including checks over $1000, director expenses for 2025, energy forecasts (2026 Power Cost Forecast, Market Rate Comparison), power supply position, risk management, facilities, internet services, and a legal update. The Board reviewed and approved several items, including Policy 1040 revisions, NRECA voting delegates, financials for December 2025 (Electric and Internet), the Audit Engagement Letter, solar interconnections for Americold Logistics, LLC, a 2026-2027 Vegetation Management Contract, a Shell EEI Power Purchase and Sale Agreement, and a Consultant Engagement Agreement for the 2026 Annual Wage and Salary Assessment.

The board meeting included extensive discussions across numerous topics, such as reports on recently attended meetings, updates from the CEO regarding industry discussions and recent conferences, a legislative update, and a review of 2025 objectives and strategy. Key operational areas covered included succession management, operations and communications, energy innovation programs, power supply and cost, and ERCOT market news. Financial oversight included checks over $1000, director expenses, and a mid-year review of expenses and debt. Further discussions covered member services, technology, legal updates, and results from the Electric Focus Group Meeting. Items approved included ratification for the District 5 Director Search and Selection Committee, updates related to the Annual Meeting, and the extension of an agreement with Gonzales Public Affairs and Consulting. The board also reviewed and approved the sales contract for the Godley Property and a listing contract for the Joshua Property.

The board meeting addressed numerous topics including updates on director nominees for District 2, the NRTC Voting Delegate status, and objectives for UCS 2026 following discussions with the CEO regarding industry trends and recent conferences. Key operational and financial areas reviewed involved reports on recently attended meetings, legislative updates, November Board activities for Brazos, succession management, operations, communications, checks over $1000, professional services, semi-annual securitization true-up, energy innovation programs, market rate comparisons, member services, energy solutions, outage reports, construction projects, emergency response planning, wildfire mitigation status, power supply and cost analysis, ERCOT market news, power supply position, personnel matters, facilities updates, employee benefit plans, the annual report for the Member Assistance Program/Operation Round Up, the Texas Mutual Platinum Safety Award, internet services activities, business/community development, housing development, Q4 Internet ACSI report, technology, and legal updates. The board also approved several items, including revisions to Policy 1045, changes to the Brazos Electric Cooperative Alternate Director designation, 2026 UCS Performance Goals, an annual bank resolution, contracts for overhead copper and pole replacements for 2026-2027, a deferred compensation plan amendment, an update to the Internet Project Plan, and a bylaws update reflecting the quorum requirement amendment adopted at the 2025 Annual Member Meeting. Furthermore, the board appointed Chris Magee as Director for District 5 effective January 1, 2026.

The Board meeting included reports on several key areas, such as the update on the Director District 5 Search Committee, Director Nominees District 2 Search Committee update, CEO industry discussions, and various operational and financial reports including checks over $1000, Energy Solutions, and ERCOT Market News. The Board also reviewed and approved several items, including the UCS 2026 Objectives, the 2026 UCS Budget for Electric and Internet, the 2025 Performance Bonus Results, contracts for pole inspection and overhead system improvement, a Solar Power Purchase Agreement, real estate sales price expectations and a contract renewal for the Mansfield Property, and the 2026 UCS Board Calendar.