Sherri McKay Highers

The Governance Committee meeting agenda includes several action items: approval of the agenda and approval of the minutes from the December 03, 2025 meeting. New business items scheduled for discussion and potential action involve Technology updates, NRECA Resolutions, proposed Bylaw Changes (specifically membership fee adjustment and revisions for grammar/formatting), and a Board Policy Update regarding the Appointment of Standing and Ad Hoc Committee Members. The agenda also lists a discussion on Cents of Community.

The agenda for the Operations Committee meeting included approval of the agenda and the minutes from the July 10, 2024 meeting. New business items focused on an update for the Eklutna Project, the Indian to Girdwood Transmission Line Upgrade, and an update on Renewable Programs. A significant portion of the meeting was dedicated to an Executive Session covering the Eklutna Project Update, Gas Supply Update, Anchorage Wind, and ERP Update. The committee also addressed the ERP Update in open session, followed by Director Comments and Adjournment.

The Operations Committee meeting included several key new business items. Updates were provided on the Eklutna Project, the Indian Girdwood Transmission Line, and Renewable Programs. A significant portion of the meeting involved an executive session to discuss matters affecting the cooperative's finances and legal position. Following the executive session, the committee recommended that the Board of Directors authorize the CEO to proceed with the ERP Project as discussed.

The 2024 Annual Membership Meeting commenced with the presentation of colors by the Alaska Military Youth Academy Color Guard and the singing of the National Anthem. The meeting included an acknowledgment of gathering on the traditional land of the Dena'ina people. Key topics summarized for the members included addressing important issues such as gas supply, the rate case, and major projects. The board highlighted its focus on increasing renewable energy penetration and achieving operational excellence and financial stability, particularly in light of the critical natural gas shortage in Cook Inlet. The proceedings also involved reports from the Nominating Committee regarding board director candidates and the Bylaws Committee concerning proposed amendments, such as reducing the number of board meetings and updating director compensation. Information regarding voting procedures, door prizes, and a vehicle drawing was also provided to the membership.

The multi-day board meeting addressed several critical agenda items across public and executive sessions. Key discussions included an overview and update on the Strategic Plan, updates on Gas Supply and Renewable Generation, and a review of Risk Management Strategies. The meeting also covered operational matters such as Reliability Outage Statistics and a New Business item concerning the Campbell Lake Substation and LaTouche Substation Switchgear Replacement, which required project authorization and involved an estimated total installed cost of $7,200,000. Executive sessions focused on labor negotiations, legislative policy, and confidential discussions related to the Strategic Plan and other financial/legal matters.