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Board Highlights J U LY The Regular Meeting of the Board of Directors of Powder River Energy Corporation was called to order at 9:30 a.m. on Monday, July 16, 2013, in Sundance by President Walt Christensen. All board members were in attendance except Don Hamm and Tom Davis. Reuben Ritthaler joined the meeting at 9:53 a.m. Financials System sales for May 2013 are down 4.9% from May 2012. Safety The minutes for the June safety meetings were approved. CEO Report CEO Easley reported on activities involving the WIA, cooperative outreach, launch of the WyoREC renewable energy credit certificates, and forthcoming testimony regarding the EPA governance of Wyoming’s regional haze regulations.

Pam Kinchen asked HRO Mills about the changes in the healthcare mandates deadlines and he reported there will be group panel discussions coming up this fall. General Information PRECorp employee Hazel Smith gave a presentation to the board on her trip to the CFC Forum in Indianapolis. CEO Easley reported on Economic Development opportunities and funding support history for Forward Sheridan, NEWEDC, and CCEDC. Financial Analyst Libby Opstedahl reviewed the completed 2012 IRS Form 990 with the board. Reuben Ritthaler reported on the Basin Electric financial forecast. The 4-H livestock sale purchases,

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dates, and assignments were discussed. The 2013 Annual Meeting election judges were appointed. Guests to the Meeting: Corporate Attorney Mark Hughes, Guernsey representative David Hedrick, PRECorp employees Libby Opstedahl, Curtis Mock, Karri Blasi, Tim Velder, John Tieman, Hazel Smith, Quentin Rogers, and Tracy Jones. Approved Items • Donkey Creek 69kV transmission line project; • Funding requests from Forward Sheridan and NEWEDC. The next regular meeting will be at 9:30 a.m., August 20, 2013 in Gillette.

Board Highlights

Legal Report Attorney Mark Hughes reported on legal issues relevant to PRECorp. Executive Staff Reports MCD Specialist Tim Velder, representing Sr. VP Member Service Dolly Schloredt, reported the northeast Wyoming mayors will host a Congressional Tour August 5-8. The tour will be in Sundance on August 7. PRECorp will co-sponsor lunch and COO Les Penning is scheduled as a guest speaker. Philip Habeck reported that he fielded questions from a member regarding the newspaper ads for Unclaimed Capital Credits.

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

Photo by Dale Crabb/PRECorp

PRECorp’s tower site near Sheridan is surrounded by blooming wildflowers.

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