August 4, 2026 Regular Session (PDF)

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President Brown closed the public hearing at 6:51 p.m. Alternative Procurement Process; Use of Construction Manager/General Contractor (CM/GC) Contract [01:18:18] Chief Water Operations Officer Karen Kelley and Principal Water Engineer Laura Farthing responded to questions from the Board related to the proposed use of a CM/GC contractor for the Willamette Treatment Plant. MOTION: Commissioner Schlossberg moved to approve the Use of a Construction Manager/General Contractor (CM/GC) for the Willamette Treatment Plant. The motion passed unanimously, 5:0:0; President Brown, Vice President Carlson, Commissioner Barofsky, Commissioner Schlossberg, and Commissioner Morris all voting in favor. City of Eugene Liaison Update [01:32:27] General Manager John Hairston provided a City of Eugene liaison update. He said a recent meeting with City of Eugene officials was productive, and that preliminary discussions reveal strategic alignment. Vice President Carlson said they discussed fire hydrants, the Strategic Plan, the Willamette Treatment Plant, and mitigating rate impacts. President Brown provided more context about the fire hydrant discussion, including addressing who is responsible for the costs associated with fire hydrant deferred maintenance. Quarterly Strategic & Operational Report for Q2 2026 [01:45:30] General Manager John Hairston presented a Quarterly Strategic & Operational Report for Q2 via PowerPoint presentation, including financial performance, major milestones, operations and strategic goals status. Financial Performance • Electric Revenues o Retail Revenues 96% of budget o Wholesale Revenues 93% of budget • Electric Operating Expense: Favorable budget variance driven by Purchased Power costs – soft wholesale market pricing • Electric Notable Transactions o McKenzie Valley Territory Recognized Gain o Bond issuance – increased cash and long term liabilities – debt to NBV metric beyond target – 78%>60% • Water Revenues o Retail revenues 105% of budget o Wholesale and other revenues 123% of budget • Water Operating Expense o Unfavorable budget variance driven by low capital clearing • Water Bond Issuance Page 7of 10

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September 28, 2026 22:58

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