Matt Gilliland

This board message outlines Nebraska Public Power District's ongoing strategic focus on operating responsibly, maintaining affordable energy, and investing in critical infrastructure. Key initiatives include the R project transmission line to enhance grid reliability and facilitate new generation, and proactive measures to secure future generation resources and expand the renewable energy portfolio. The overarching vision is to build a stronger energy future for Nebraska, support its economic growth, and meet customer demands reliably and affordably for generations to come.

The agenda for the multi-day Board of Directors meeting includes reports on system and safety status, and a General Counsel Report featuring a pending litigation update. The Finance Committee of the Whole is scheduled to address December 2025 financial statements, the 2026 Financing Plan, meter service charges rate schedule updates, and updates on NPPD general system investments. Committee discussions cover actions on a Combustion Turbine Reservation Agreement, Power Purchase Agreements for Greeley Wind and Burt County Solar, and Southwest Power Pool notifications for transmission upgrades. The agenda also includes the President's Report covering retirements, proposed revisions to corporate policies (ERM, FM, IMS, PRO), and an update on R-Project 345 kV Transmission Line.

The board meeting commenced with a roll call establishing a quorum, followed by the pledge of allegiance and adherence to open meeting act requirements. Key discussions revolved around strategic business matters, beginning with facility updates covering access, weather procedures, and AED locations. System status updates addressed an ongoing unplanned outage to Loop City, with restoration efforts underway using a mobile substation. The core agenda featured the annual update on Strategic Directive Three (Reliability and Resilience) and the Asset Health Report. The Delivery department detailed the addition of approximately 18 miles of new transmission lines and upgrades to substations, noting good overall health but identifying aging RTUs and subtransmission transformers requiring future replacement budgets. Cooper Nuclear Station reported mostly green asset health, but highlighted areas needing attention, including emergency diesel generators, condenser performance due to obsolete exciters, and large electric motors. Gerald Gentleman Station discussed planned replacements for circulating water screens and a generator rewind for Unit One, and a reheater replacement for its steam generating unit. Sheldon Station's report indicated fair condition for boiler fuel systems due to structural steel replacement needs and buried piping issues in circulating water systems.

The meeting involved several key organizational and financial actions across two days. Discussions included an update on system and safety status. A primary focus was the election of officers for 2026-2027, including the selection of a new Board Chair, First Vice Chair, Second Vice Chair, Secretary, and Treasurer. The Board confirmed appointments for Assistant Treasurer, Deputy Assistant Treasurer, Authorized Signatories, Assistant Secretary, and Deputy Assistant Secretary. The NPPD Executive Leadership Training Program was reviewed, and new committee appointments for 2026 were approved. Significant financial actions included the acceptance of November 2025 Financial Statements, approval of revisions to the CNS Decommissioning Investment Policy, and authorization of a $100 Million Revolving Credit Agreement with Bank of America (Resolution No. 26-1). The Board also adopted a 2026 Legislative/Regulatory Policy Resolution (Resolution No. 26-2). In committee reports, approvals were granted for turbine generator services contract with Siemens Energy, Inc. (Resolution No. 26-4), an agreement with Framatome, Inc. for refueling floor services, the execution of a Hydroelectric Power Purchase Contract with Loup River Public Power District (Resolution No. 26-5), and authorization for a Generating Capacity Purchase agreement (Resolution No. 26-6). Additionally, the Board authorized an Open Book Contract with Burns & McDonnell for Princeton Road Station work (Resolution No. 26-7). The Committee on Customer and Corporate Services approved a three-year extension for towing and specialized maintenance services from Mogul's Transmission, Inc., involving an interested director who abstained from voting. A resolution recognizing the retirement of Loup River Public Power District CEO Neal Suess was adopted (Resolution No. 26-3).

The meeting commenced with the announcement that the board met the previous day to approve NPPD's 2024 annual financial report and accept the results of the annual external audit by Price Waterhouse Coopers. Key discussion items included a facilities briefing, an update on safety performance metrics such as the OSHA incident rate and preventable vehicle accident rate, and a commitment to a unified safety message emphasizing that all injuries are preventable. Accomplishments in safety included enhancing safety rewards programs, conducting an eight-week safety campaign, implementing a virtual safety suggestion box, and developing a formal fall protection program. Future safety initiatives include enhancing the RED memo process and improving training for hearing fit testing, crane training, and ergonomics. A significant portion of the meeting was dedicated to introducing the NPPD's participation in an Artificial Intelligence (AI) consortium led by EPRI, which involves partnering with major tech vendors like Microsoft, Oracle, and Google to explore AI use cases in generation and transmission, focusing on areas like vegetation management and water utilization for power plants, while emphasizing the need for data and a testing sandbox.