Oklahoma Grand River Dam Authority

The board meeting agenda includes a capital work order report, resolutions of commendation for outgoing members, and the declaration of surplus assets. The board will review various contracts involving infrastructure, power purchase and sale agreements, and coal ash management services. Financial items include the approval of the CEO cardholder statement, ratification of vendor transactions, and a report on the power cost adjustment. Regular business encompasses reports on operations, unit project updates, and committee reports covering assets, audit, finance, policy, compensation, and long-range planning. An executive session is scheduled for confidential discussions regarding ongoing legal investigations, claims, and economic development matters.

The board agenda covered several key operational and financial topics, including a capital work order for a payroll implementation, the declaration of surplus assets, and the consideration of various interagency agreements and utility relocation projects. Additional discussions included power purchase and sale agreements, the approval of change orders for energy infrastructure projects, and the establishment of a power cost adjustment. The meeting also addressed economic development matters, committee reports from the assets, audit, and finance divisions, and held an executive session to discuss various legal claims, investigations, and pending litigation involving the authority.

The board discussed a variety of capital work orders for transmission and substation upgrades, resolutions of commendation, and the declaration of surplus property. Contracts and agreements were reviewed regarding metering infrastructure, transmission studies, power purchases, and maintenance services. The CEO provided operational reports and presented the proposed power cost adjustment for upcoming energy usage. Project status updates were given for the Grand River Energy Center, and committee reports covered real estate leases, license requests, financial audits, and interconnection studies. Additionally, several legal and economic development matters were addressed in executive session.

The meeting included the election of officers, specifically the Treasurer, Secretary, and Secretary Pro Tem. Key actions involved the approval of the Capital Work Order Report, which detailed gross work order amounts totaling $1,387,208. The Board approved a Consent Agenda which included items concerning Resolutions of Commendation, declaring surplus property such as various power transformers and ballistic vests, and consideration of contracts with Cushing Municipal Authority and various SMT OKC entities for power purchase agreements. Furthermore, the Purchase Order Report totaling $8,545,523.60 was approved. Regular business included the approval of minutes for Special Board Meeting Minutes of October 9-10, 2025, and Regular Board Meeting Minutes of December 10, 2025. The CEO Report covered operations data, safety statistics, an announcement regarding changes to fleet vehicle mileage reporting, and a presentation of the 2025 Year in Review video. The Board approved a Power Cost Adjustment (PCA) of $0.02497 per kWh for February 2026. An update was provided on the GREC Unit No. 4 Project, noting 96.3 percent completion but ongoing schedule recovery efforts, and a contract for Insulation and Scaffolding Services with Integrated Service Company (InServ) was approved. An update on the Integrated Transmission Plan (ITP) highlighted significant projected cost increases for GRDA due to planned high-voltage transmission projects. Finally, the contract for the Salina Pumped Storage Project Penstock Flowmeter Replacement Project was awarded to Rittmeyer, LLC, and Board Policy No. 2-6 -- Fraud Risk Management Policy was approved on its second reading.

The meeting agenda included the review and potential vote on several items. Key discussions involved the Capital Work Order Report totaling $18,414,600 in gross work orders, with $8,385,346 being the net cost to GRDA after reimbursements. Other items for consideration included declaring certain equipment, specifically a transformer, as surplus; approval of contract amendments, including a Revocable License to Encroach, and consideration of a new Commercial Purchase Power and Sale Agreement with Mid America Fabricators, Inc. The Board also reviewed the CEO Cardholder Statement and the Purchase Order Report, which totaled $12,368,106.83 across standard purchase orders, contracts, change orders, and renewals. Regular business included discussion of the previous month's minutes, the CEO Report, approval of the Power Cost Adjustment (PCA) for March 2026, and updates on the GREC Unit No. 4 Project. The agenda included multiple proposed executive sessions concerning confidential legal matters, including ongoing investigations related to FERC Project No. 1494, specific lawsuits involving the City of Miami and Ronald E. Durbin, II, and matters pertaining to economic development.