Nebraska Public Power District

This document outlines NPPD's strategic directive for carbon emissions reductions, aiming for a Net Zero Goal by 2050. Key pillars include the strategic use of proven generation, evaluation of alternative reliable sources, and implementation of economical technologies such as certified offsets, energy efficiency, and beneficial electrification, all while balancing affordability, reliability, and sustainability. The plan details carbon accounting, uses a 2005 baseline, and considers future actions like new capacity builds, zero-carbon nuclear options, and carbon capture technologies to achieve its long-term objectives.

The board meeting included updates on system and safety status, an introduction of the new Wholesale Power Contract Customer Committee, and discussions on rate schedules for large loads. The board reviewed the 2027-2032 rate outlook, accepted the 2025 audit and annual financial reports, and approved the issuance of 2026 Series A, B, and C general revenue bonds. Additionally, the board approved changes to authorized signatories, revised the meter report service charges rate schedule, and updated corporate policies and by-laws. The board also received reports on nuclear station operations, safety performance, and legislative affairs.

The committee meeting focused on system status updates, including reports on generation and transmission facilities, safety protocols, and current security postures. Key discussion topics included the launch of the new customer committee, the development of a large load tariff, and potential risks and mitigation strategies associated with serving large-scale electrical loads. The meeting also included administrative announcements regarding media streaming and photo opportunities.

The committee reviewed the financial performance results for November, focusing on favorable variances in off-system sales, purchased power, and operations and maintenance expenses. The presentation detailed year-to-date surplus factors, including energy sales trends affected by mild temperatures, and provided an analysis of capital budgets. Additionally, the committee discussed cash balance liquidity, days of cash metrics, and forecasted rate stabilization funds through the end of the year.

The board meeting agenda includes reports on system and safety status, telecommunications, and a general counsel report involving workers' compensation settlements and litigation. The Finance Committee will review financial statements, the 2026 bond sale, and system investments. Strategic business discussions will cover research and development, carbon emissions, energy efficiency, and electrification. Key action items involve procurements for fiber optic cable, water treatment services, license renewal for the nuclear station, natural gas supply agreements, and major engineering and technology contracts. Additionally, the board will review retirements and proposed revisions to the electric reliability compliance program policy.