NOTICE OF CHANGE IN THE RATE TARIFFS OF UNITED POWER, INC.

DATE OF NOTICE:  Nov. 7, 2025

United Power Inc.’s elected board of directors has approved changes to United Power’s rate tariff schedules for energy usage, including increases to both demand and fixed charges, to become effective on or after Jan. 1, 2026, as described on each applicable rate tariff posted on www.unitedpower.com. Additionally, the on-peak window for residential and commercial time of use rates will change from the current window of 2:00 p.m. to 10:00 p.m. to a shorter window of 5:00 p.m. to 9:00 p.m. These adjustments are necessary for all rate classes due to increased wholesale power and transmission costs, increased costs due to tariffs and continued inflationary pressures on the supply chain, and to keep United Power in compliance with its indenture, note purchase agreements, and financial goals. There will also be a new rate class labeled Municipal Owned Lighting Service (MOL).

The present and proposed tariff provisions are available for examination at the Coal Creek Branch Office, located at 5 Gross Dam Road, Golden, CO; the headquarters office located at 500 Cooperative Way, Brighton, CO; the Carbon Valley Branch Office at 9586 E. I-25 Frontage Road, Longmont, CO; and on the cooperative’s website at www.unitedpower.com.

Anyone who desires to file either an informal complaint or a formal complaint with United Power must do so in writing as required by United Power’s Rules and Regulations, accessible online at www.unitedpower.com/bylaws-rates-tariffs.

UNITED POWER, INC.

By: Mark A. Gabriel, President and Chief Executive Officer

MORE INFORMATION: United Power 2026 Rate Change Information

Legal Notice of Attempt to Settle 
Unclaimed Capital Credit Retirements

Commencing on October 31, 2025, and continuing through April 30, 2026, UNITED POWER, INC. (hereafter “United Power” or “the cooperative”), will make a final attempt to pay the unclaimed retirements of capital credits to its former members who were served by the cooperative prior to and through December 31, 2021. This notice does not apply to current United Power members. Representatives for the estates of deceased former members may also apply for unclaimed retired capital credits on behalf of the former member. Former members, or their representatives, who may be eligible to receive these unclaimed retired capital credits can access a list of eligible accounts at the cooperative’s website at www.unitedpower.com, or in person at United Power’s headquarters office located at 500 Cooperative Way in Brighton, Colorado.

Former members or their representatives who may be eligible to receive a payment of unclaimed retired capital credits must complete and submit an Unclaimed Retired Capital Credits Refund Request form (available here) and verify all necessary information to ensure their eligibility for payment. A copy of the Unclaimed Retired Capital Credits Refund Request form may also be requested by emailing capitalcredits@unitedpower.com or by calling United Power’s Member Services line at 303-637-1300.

Submitting an Unclaimed Retired Capital Credits Refund Request form does not guarantee a disbursement will be made; proper documentation and valid proof of membership during the applicable time period is required. No refund checks will be issued for unclaimed retirement amounts below $5.00. Unclaimed retired capital credit refunds can be donated to the United Power Round Up Foundation, which provides assistance to community organizations within the cooperative's service territory. After the notification period closes on April 30, 2026, all unclaimed retired capital credits for the applicable time period will be considered an assignment and contribution of capital to United Power.

Additional questions about this notice and unclaimed retired capital credit refunds should be directed to United Power Member Services at 303-637-1300 or by email to capitalcredits@unitedpower.com.
    

UNITED POWER, INC.
By: /s/Mark A. Gabriel
President & CEO

View the list of unclaimed capital credit retirements.
 

NOTICE OF MEETING OF THE BOARD OF DIRECTORS TO AMEND THE BYLAWS OF UNITED POWER, INC.

NOTICE OF PROPOSED AMENDMENTS TO THE BYLAWS OF UNITED POWER, INC. 
500 COOPERATIVE WAY, BRIGHTON, COLORADO 80603.

The Board of Directors proposes to amend the Bylaws of United Power, Inc. (United Power) as follows:

• Replace the word “nonprofit” with “not-for-profit” because there is a legal and operational distinction between the two types of organizations and United Power is a not-for-profit. This correction will align the cooperative’s governing documents with its IRS filing status, note purchase agreements, and related indenture agreements.
• Include language that provides a deadline for a challenge to any election of directors. Notice of the deadline will provide guidance to members and staff on how to handle any challenges to an election. Clarity in the rules will improve the cooperative’s operational efficiency. 

A complete redline of the proposed changes is available on the cooperative’s website at www.unitedpower.com, or members may obtain a hardcopy at any United Power office or via mail by calling 303-637-1300 and requesting that a copy be made available to them at the address on file with the cooperative.

Pursuant to Article 11, Section 8 of the Bylaws of United Power Inc., you are hereby notified that the Board of Directors of United Power proposes to adopt the amendment(s) to United Power’s bylaws at a meeting of the Board to be held on August 27, 2025, unless a written petition is filed at United Power’s headquarters before close of business on August 25, 2025, signed by 100 or more members, protesting the proposed amendments.

UNITED POWER, INC.

By: /s/Elizabeth “Beth” Martin, Secretary of the Board

Legal Notice of Annual Meeting of Members

The Annual Meeting of Members of UNITED POWER, INC. will be held Wednesday, April 16, 2025, at 6:30 p.m. at the Waymire Dome at the Riverdale Regional Park, located at 9755 Henderson Road in Brighton, Colorado. Members can attend in-person or via livestream. Instructions for participating in the meeting virtually can be found on the cooperative’s website at www.unitedpower.com.

The meeting will be for the purposes of electing directors, considering and approving reports for the prior fiscal year, and transacting such other business as may properly come before the meeting.

This year there are elections in the following districts: North, Central, and South for four-year terms. The candidates nominated by petition are Ursula J. Morgan (incumbent) in the North District; Keith Alquist (incumbent) in the Central District; and Ryan Keefer and Beth Martin (incumbent) in the South District.  All Members are entitled to cast a vote for the director positions of every district, regardless of the district where the Member is domiciled. 

Additional information including the date and time of our Meet the Candidates forum, how to cast a ballot, and deadlines for voting can be found at https://www.unitedpower.com/annual-meeting.

UNITED POWER, INC. By: /s/Steven Whiteside, Secretary

Legal Notice of Attempt to Settle 
Unclaimed Capital Credit Retirements

Commencing on October 31, 2024, and continuing through April 30, 2025, UNITED POWER, INC. (hereafter “United Power” or “the cooperative”), will make a final attempt to pay the unclaimed retirements of capital credits to its former members who were served by the cooperative prior to and through December 31, 2020. This notice does not apply to current United Power members. Representatives for the estates of deceased former members may also apply for unclaimed retired capital credits on behalf of the former member. Former members, or their representatives, who may be eligible to receive these unclaimed retired capital credits can access a list of eligible accounts at the cooperative’s website at www.unitedpower.com, or in person at United Power’s headquarters office located at 500 Cooperative Way in Brighton, Colorado.

Former members or their representatives who may be eligible to receive a payment of unclaimed retired capital credits must complete and submit an Unclaimed Retired Capital Credits Refund Request form (available at www.unitedpower.com) and verify all necessary information to ensure their eligibility for payment. A copy of the Unclaimed Retired Capital Credits Refund Request form may also be requested by emailing capitalcredits@unitedpower.com or by calling United Power’s Member Services line at 303-637-1300.

Submitting an Unclaimed Retired Capital Credits Refund Request form does not guarantee a disbursement will be made; proper documentation and valid proof of membership during the applicable time period is required. No refund checks will be issued for unclaimed retirement amounts below $5.00. Unclaimed retired capital credit refunds can be donated to the United Power Round Up Foundation, which provides assistance to community organizations within the cooperative's service territory. After the notification period closes on April 30, 2025, all unclaimed retired capital credits for the applicable time period will be considered an assignment and contribution of capital to United Power.

Additional questions about this notice and unclaimed retired capital credit refunds should be directed to United Power Member Services at 303-637-1300 or by email to capitalcredits@unitedpower.com.

UNITED POWER, INC.
By: /s/Mark A. Gabriel
President & CEO

NOTICE OF CHANGE IN THE RATES, RULES, AND REGULATIONS TARIFFS OF UNITED POWER, INC.

DATE OF NOTICE: October 27, 2023

You are hereby notified that UNITED POWER, INC. (United Power) proposes to make changes to several of its rate tariff schedules to become effective for energy usage on or after Jan. 1, 2024 (billings issued after Feb. 1, 2024*). An increase is necessary for all rate classes due to increased wholesale power supply costs and increased distribution expenses since the last increase effective Jan. 1, 2020. There will be a 9% increase to Industrial Service Substation or Transmission Service (ITD4) and a 9.1% increase to Industrial Service Substation or Transmission Service (ITD1). There will be a 9.2% increase to Industrial Service Substation or Transmission Service (ITD2) and 9.3% increase to Small Industrial Primary (SIP1). The Residential (R1) rate class, Large Commercial Coincidental Peak Secondary Demand (CPS1), and the Industrial Service Substation or Transmission Service (ITD3) will have a rate increase of 9.5%. There will be a 9.6% increase to Small Commercial (C1), Large Commercial Secondary Demand Service (ISD1), Large Commercial Coincidental Peak Primary Demand (CPP1), and a 9.8% increase to Residential On-Peak Demand Time-of-Use Service rate (RDP1). The Residential Time of Use (RTD1), Residential Smart Choice (RD1), Small Commercial Time of Use (CTD1), and Irrigation (IRR2) rates will have an increase of 9.9%. The non-metered light service (L2) will have an increase of 7.8%. The increase to rates R1, RTD1, RDP1, RD1, C1, CTD1, IRR2, ISD1, SIP1, IPD1, ITD1, ITD2, ITD3, and ITD4 will include a wholesale power cost adjustment (PCA) to the energy usage and an increase in the demand charge. The PCA for each rate will be listed on the PCA rate tariff (7.1), and the change in demand will be listed on each applicable rate tariff. Net Metering Service will reflect an increase in the rated capacity limit from 120% to 200% of annual energy usage, and the Electric Vehicle Charges under the pilot program will be updated to an established program. 
  
In addition to rate tariff changes, there are several modifications to update and reflect current business practices in the Rules and Regulations. These updates are to become effective on or after Jan. 1, 2024. Staff has reviewed the current Rules and Regulations tariffs. Business units across the organization were involved in the review. The following main areas have been identified needing revisions or updating: (1) incorporating Regulatory Policy, (2) incorporating Line Extension Policy, (3) updates to Service Connection and Line Extension Fee Schedule, (4) formatting and grammatical updates for ease of use, consistency, and clarity, and (5) updates for Current Business Practices to reflect technological changes, system changes, and efficiencies.

The present and proposed tariff provisions are available for examination at the Coal Creek Branch Office, located at 5 Gross Dam Road, Golden, Colorado; the headquarters office located at 500 Cooperative Way, Brighton, Colorado, and the Carbon Valley Branch office at 9586 E. I-25 Frontage Road, Longmont, Colorado.

Anyone who desires to comment about the proposed changes shall file either an informal complaint or a formal complaint with United Power at 500 Cooperative Way, Brighton, Colorado 80603 at least 10 days before the proposed effective date. 

An informal complaint shall be in writing and shall contain such facts and other information to adequately state the reason(s) for the complaint. An informal complaint shall be considered by United Power, in regard to the proposed tariff changes, but will not require that a hearing be held.

Anyone who desires a hearing must file a specific and formal complaint to the proposed changes and a request for hearing at least 10 days before the proposed effective date. A formal complaint shall be in writing in the form prescribed by United Power’s Regulations Governing Consumer Complaints and Related Matters. Upon request, a copy of said regulations is available from United Power.

United Power may hold a hearing to determine what changes will be authorized, regardless of complaints. If proper formal complaints and request for hearings are timely filed, the United Power Board of Directors shall schedule a hearing. The changes ultimately authorized may or may not be the same as those proposed and may include changes different than those tariffs proposed or currently in effect. Anyone who desires to receive notice of hearings, if any, shall make a written request therefore to United Power, at the above address at least 10 days before the proposed effective date.

UNITED POWER, INC.

By: Mark A. Gabriel, President and Chief Executive Officer

*BIlls received prior to Feb. 1 may include some January usage. If so, the bill will reflect the new rate for that usage.

United Power members can find more information about the proposed 2024 rate increase here.