Kate Wittbrot Brown

The meeting agenda covered sessions in Closed and Public formats, commencing virtually. Key discussions included updates on the Power with Purpose Solar project and Reliability initiatives in the closed session. The public session featured committee reports covering Governance, Finance, System Management & Nuclear Oversight, and Public Information. Finance discussions included the First Quarter Financial Report, First Quarter Retirement Fund Report, and a monitoring report for Access to Credit Markets (SD-3). System Management & Nuclear Oversight addressed the award of a materials contract for the Nebraska City Station Unit 2 Economizer Upper Bank Replacement (RFP 5960) and authorization for management to negotiate contracts for underground 69kV Cable procurement and installation services for the UNMC Saddle Creek Expansion, necessitating a waiver of sealed bidding requirements. The Nuclear Oversight Committee reported on decommissioning activities at Fort Calhoun Station. The Public Information Committee reviewed the Legislative and Regulatory Update and discussed Economic Development Policy Refinement (SD-11).

The regular committee meetings included discussions across several areas. The Governance Committee reviewed items such as the Annual Committee Charter Review and the Board Resolution honoring Nathan P. Dodge IV. The Risk Committee discussed the ERM Risk Dashboard, Cyber Security & Grid Security, and the 2025 Audit & Controls Report. The System Management & Nuclear Oversight Committee reviewed updates on the Integrated System Plan, Renewable Facility progress, and Transmission Project updates. The Customer and Public Engagement Committee reviewed Product and Service Updates and Legislative Updates. Under Financial Stewardship, a report was presented on the final pricing of the 2026 Series A Electric System Revenue Bonds, which resulted in debt service savings. Oversight and Monitoring included the review of the SD-6: Safety monitoring report (recommendation for approval pending a future vote), an update on the Advanced Metering Infrastructure (AMI) Program rollout, and the timeline for the 2026 Integrated System Plan (ISP). The Nuclear Oversight Committee reported on decommissioning activities, including the shipment of radiological waste. Updates were also provided on New Generation and Transmission Projects, including solar facilities, and the status of 2026 state and federal legislative matters. The Risk Committee presented its 2025 Annual Report for acceptance. The meeting concluded with a confirmation of the agenda for the upcoming Board meeting and a brief opportunity for public comment.

The committee meetings included discussions across multiple areas, starting with a closed session to address a quarterly update on enterprise risk management, including potential litigation matters and security information, as well as corporate officers compensation adjustments. In the public session, key items included a safety briefing referencing COVID-19 actions, and reports from the Finance Committee, which reviewed the final 2021 Corporate Operating Plan detailing no general rate increase but adjustments to base rates and incorporation of new LED streetlight options, and analyzed updated hydroelectric contract rates. The Finance Committee also supported a declaration for reimbursing 2021 capital expenditures with tax-exempt debt proceeds. The System Management & Nuclear Oversight Committee discussed resource planning policy implications and sought authorization for railroad easement acquisitions through eminent domain if necessary. The Nuclear Oversight Committee provided updates on Fort Calhoun Station decommissioning activities, noting compliance with COVID-19 protocols despite minor project delays. The Public Information Committee recommended acceptance of the SD-13: Stakeholder Outreach and Engagement Monitoring Report and provided an update on customer trends, including the Customer First Solutions Package during the pandemic. The Governance Committee discussed executive compensation, policy refinement for BL-5: Unity of Control, the 2021 Board meeting schedule, and monitoring reports for SD-8: Employee Relations. Amendments to the District's Retirement Plan, 401(k) Retirement Savings Plan, and 457 Retirement Savings Plan were presented for approval. Finally, an update was given on the Power with Purpose (PwP) generation project, covering solar proposals and natural gas supply evaluations.

The document outlines the Preliminary 2021 Corporate Operating Plan for Omaha Public Power District, detailing financial, capital, and operational projections for the year. It integrates this plan within the organization's broader strategic roadmap, which includes fifteen strategic policies, guiding principles, and a long-term "Powering the Future to 2050" vision focused on achieving net-zero carbon production. Key strategic initiatives encompass decarbonization pathways, customer engagement, electric system evaluation and modernization, technology platform development, and workplace transformation, all designed to ensure affordable, reliable, and environmentally sensitive energy services.

The regular committee meetings covered several key areas. The Governance Committee discussed 2022 Board planning, including officer elections and committee assignments, and confirmed the intention to maintain current structures for 2022. The committee also presented the 2022 Agenda Planning Calendar and the proposed 2022 Board meeting schedule. The Finance Committee discussed the 2021 Corporate Operating Plan (COP) expenditure increase, which involved using $95.0 million from the Decommissioning and Benefits Reserve Account (DBRA) to support the Retirement Plan, leading to an estimated total 2021 expenditure increase. Furthermore, the Finance Committee reviewed the final 2022 COP and rate actions, which proposed a 2.5% general rate increase allocated across customer classes, and presented budgeted capital expenditures of $670.0 million for 2022. The System Management & Nuclear Oversight Committee discussed decarbonization efforts, the 2022 Integrated Resource Plan, and recommended awarding contracts for substation electrical equipment installation (RFP No. 5925) and manhole/duct line construction (RFP No. 5926). They also recommended authorization to negotiate a repair contract for the Sarpy County Station Unit 5B engine. The Nuclear Oversight Report noted the commencement of reactor vessel internal segmentation activities. The BRIGHT battery project update confirmed an EPC contract execution with WEG Electric Corp. The Public Information Committee received updates on state and federal legislative matters.