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Board Highlights D E C E MBE R

The Regular Meeting for the Board of Directors of Powder River Energy Corporation was called to order at 9:31 a.m. Tuesday, December 18, 2012, in Sheridan by Vicepresident Paul Baker. All directors were present, except for President Walt Christensen.

to allow the city to serve facilities in the PRECorp service territory, while a long-term arrangement is negotiated. PRECorp Manager of System Operations Support Services Steve Eliason reported on the status of the 2012 Strategic Initiatives.

CEO Report The Southern Montana Electric Cooperative bankruptcy reorganization process continues. The bankruptcy trustee is evaluating a restructuring strategy. Development of a Member Engagement Strategy continues.

Approved Items • Approved the Donkey Creek wheeling agreement • Approved Bylaw changes that include additional language regarding the addition of a Class C membership

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Approved Hulett underground cable replacement projects The January 2013 PRECorp board meeting will be held at 9:30 a.m. in Sundance on Tuesday, January 22.

Guests to the Meeting: Guests to the meeting were PRECorp employees Kristin Kelly, Josh Gray, John Tieman, Steve Eliason, and Tim Velder. Forward Sheridan officials Jay Stender and Anthony Spiegelberg made a presentation during the meeting.

Board Highlights

Executive Staff Reports CIO Doug Wilson reported the mobile radio upgrade went live on December 17. Sr. VP Dolly Schloredt gave an update on the American Customer Satisfaction Index (ACSI) Survey that is conducted annually. Capital Credit retirement checks were mailed December 14. Financials YTD system sales for October 2012 were down 4.8% compared to YTD October 2011. Safety The safety minutes for the November 2012 safety meetings were approved. Legal Report Attorney Mark Hughes reported on legal issues relevant to PRECorp. General Information City of Gillette ratified a temporary agreement to address electrical service to the Cam-Plex. Board members approved the agreement

SUNDANCE – CORPORATE HEADQUARTERS 221 Main Street • P.O. Box 930 • Sundance, WY 82729 (800) 442-3630 Phone • (307) 283-3527 Fax

Photo by PRECorp Communications

The decorated PRECorp bucket truck took first place in the Sundance Parade of Lights held in December.

GILLETTE 200 Garner Lake Road • P.O. Box 937 • Gillette, WY 82718 (800) 442-3630 Phone • (307) 682-0733 Fax

SHERIDAN 1095 Brundage Lane • P.O. Box 5087 • Sheridan, WY 82801 (800) 442-3630 Phone • (307) 674-9018 Fax

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