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

OFFICIAL POSTING OF NOMINATIONS FOR DIRECTOR BY PETITION

DATE OF NOTICE: February 16, 2024

The following persons have been nominated by petition and ruled as qualified by United Power’s all-volunteer, member led Qualifications and Election Oversight Committee to run for Director of United Power, Inc., in conjunction with the Annual Meeting of Members scheduled April 17, 2024.

Districts Mountain, North, Central, and South are up for three-year terms. 
2024 Director Candidates are as follows:

Mountain District
Stephen Whiteside (Incumbent)
        
North District
Brian A. McCormick (Incumbent)

Central District
Tim Erickson (Incumbent)
Paige Wagner-Maul

South District
Brad Case (Incumbent)

                          
    
Bylaw Ballot Question
The following question will appear on the 2024 ballot.
A “yes” vote is a vote in favor of changing the bylaws, and a “no” vote is a vote against changing the bylaws. Members can view the cooperative’s current bylaws online at www.unitedpower.com/bylaws-rates-tariffs.

Shall there be an amendment to Article 4, Section 4 of the Bylaws of United Power, Inc. to lengthen the term a Director holds office from three (3) years to four (4) years?

This notice is posted pursuant to Article 4, Section 6 of the Bylaws of United Power, Inc.

Posted: 2-16-2024     
Cooperative Website 
Brighton Headquarters 
Carbon Valley Service Center
Coal Creek Office