Summary of Proceedings The Regular Meeting of the Board of Directors of the North Iowa Municipal Electric Cooperative Association was held at the NIMECA office, Humboldt, Iowa, on June 9, 2026 at 10:00 a.m. Some members participated electronically under Iowa Code 21.8. The meeting was called to order by President Brad Honold with the following Directors present: Steve Pick, Spencer*; Joe Montag, West Bend; Brad Willemssen, Milford; Craig Olson, Ex-Officio KOPAEG; Lisa Harris, Graettinger; Brad Honold, Coon Rapids; Chad Cleveland, Laurens; Jeff Carson, Grundy Center*, Tim Duhrkopf, Sumner; John Bilsten, Algona; Mitch Langschwager, Alta. Brian Quirk, New Hampton, John Harrenstein, Webster City; and Trevor Kluender, Bancroft were absent. * indicates participated electronically. The following actions were unanimously approved unless otherwise noted: -Willemssen/Langschwager to approve the minutes of the May 12, 2026 Board of Directors meeting. -Harris/Bilsten to approve and file the Operations Reports for April 2026. -Cleveland/Langschwager to approve and file the Financial Reports for April 2026. -Claims for May 2026 approved as part of the financial report: ABC Pest, $57.89; Ahlers Law, $16,007.20; Algona Municipal Utilities, $39,954.07; Alta Municipal Utilities, $21,144.19; APX, $176.11; Bancroft Municipal Utilities, $25,356.95; Bank of America, $388.22; Basin Electric, $796,157.25; City of Humboldt, $53.34; Clean Counts, $447.25; Comm1, $105.95; Computer Works, $268.90; Coon Rapids Municipal Utilities, $75,650.16; Corn Belt Power Cooperative, $919,401.97; Des Moines Register, $88.96; Graettinger Municipal Light Plant, $11,916.86; Greg Fritz, $70.00; Grundy Center Municipal Utilities, $43,610.82; Heartland Energy, $447,665.79; Laurens Municipal Power & Comm., $32,439.03; Lawn Ranger, $243.00; MidAmerican Energy Co, $2,447.84; Milford Municipal Utilities, $37,555.22; New Hampton Municipal Light Plant, $60,584.34; Northwest Bank, $55.00; Orsted, $148,202.41; U.S. Postmaster, $106.00; Reliance, $934.76; Spencer Municipal Utilities, $90,081.93; Southwest Power Pool, $778,971.12; Sumner Municipal Light Plant, $16,715.41; West Bend Municipal Utilities, $18,608.25; Western States Power Corp, $123,000.00; WEX, $223.70; Window Man LLC, $100.00; Associated Benefits Corp, $332.06; ICMA, $4,041.66; IPERS, $3,408.17; Salaries, $12,476.69; US Treasury, $6,413.96; Wellmark BCBS, $2,737.92. /s/ John Bilsten, Secretary June 16 2026 LIOW0537408