Matt R. Core

The board meeting covered several operational and administrative topics. Key agenda items included the approval of the March 2026 financial report, the 2025 annual health plan report, contract awards for cable replacement labor, the monitoring report on access to credit markets, and updates to service regulations. The CEO provided a detailed report on base load generation, balancing generation, and the performance of renewable energy facilities. Additionally, the meeting highlighted awards received by the district for safety and outage communications, as well as community outreach efforts through resource fairs. Public comment was received regarding renewable energy projects and energy efficiency initiatives.

The board received an update on the Advanced Metering Infrastructure (AMI) soft launch, including performance metrics such as remote turn on/off counts, truck rolls saved, and customer outages detected. Lessons learned from customer and stakeholder engagement were presented, highlighting improvements needed in meter exchange processes and communication frequency for business customers. Key measurements were provided for residential and commercial customer satisfaction, digital campaign reach, and community engagement feedback. Future steps for board awareness regarding the full AMI deployment schedule were also outlined.

The Board of Directors held an all-committees meeting where they reviewed financial and retirement fund reports for the first quarter of 2026. The agenda included discussions on executive compensation, large load growth customer insights, governance policies, and infrastructure investments. Specifically, the board addressed service regulation updates, credit market monitoring, advanced metering infrastructure progress, and reviewed the 2026 board work plan. Several items, including annual health plan reports and specific resource procurement requests (RFP 6239 and RFP 6240), were presented for board action.

The meeting included various committee briefings on risk, governance, financial stewardship, and system management. Key agenda items featured a biennial report on rates, authorization for 2026 debt issuance, annual reports for retirement and savings plans, and monitoring reports on retirement plan funding, customer satisfaction, and system reliability. The Board also reviewed organizational governance matters, including appointments and charter reviews, and discussed land management, recent winter storm impacts, and legislative updates.

The Board of Directors met to conduct a closed session regarding executive compensation and large load growth customer insights. The public session included committee reports on governance, system management, nuclear oversight, customer and public engagement, and finance. Key discussions covered the integrated system plan schedule, local electric grid planning, and a quarterly financial report highlighting year-to-date revenue performance and capital spending variances.