Nearly 40 high schools, participated in the rally that encourages students to design and build electric cars. NPPD employees and community volunteers helped make the event a success. The Board approved a Retail Energy Curtailment Program. The voluntary pricing program allows NPPD Retail customers to either run their on-site generators or curtail their loads in exchange for a payment. The year round program will begin in July.
Wholesale customers have a similar program, which was approved last month.
An amendment to the 401K Retirement Plan was approved by the Board effective Jan. 1, 2002. New minimum mandatory distributions, as required by the IRS, will be paid during a participant s lifetime based on a uniform life expectancy table. Regulations have also been changed so the entire account balance does not have to be distributed in the year following the participant s death. Finally, Vice President of Business Services Ron Asche delivered the monthly financial report. The primary reason for the surplus was higher than expected off system sales.