Northwest Power Pool Corporation

“The management of all the affairs, property, and interests of the corporation, including without limitation hiring, firing, supervising, and evaluating the performance of the corporation's staff and consultants and authorizing all contractual and financial commitments, is vested in nwpp's board. The board has delegated this authority to the president where appropriate.”

“The board of directors ("board") receives the financial audit report prior to a board meeting with the auditors where the directors are able to ask questions and accept the report. With this acceptance, the form 990 draft is completed by the tax accountant and provided to the board in advance of a board meeting with the tax accountant where the directors are able to ask questions. An approval rollcall of each director is taken to complete the approval process of the form 990.”

“Each board member at the beginning of each meeting has a responsibility to report any conflict of interest. The employee handbook describes employee's conflict of interest reporting requirements.”

“The nwpp employee compensation is managed by the president. The president is responsible for establishing the annual employee compensation adjustment. This adjustment is composed of cost-of living and merit increases. The compensation adjustment, including supporting material, is presented to the board during the budget approval process.”

“The nwpp corporation only provides its governing documents, conflict of interest policy, and financial statements available to the public upon request. To date, no public requests for such information have ever been received.”

“Other fees 645,507. Southwest power pool service fees 3,300,000.”

“Retirement benefits adjustment 418,858.”

“As a result of accounting principles applied in conjunction with the current year independent audit and an actuarial evaluation it was determined that the post retirement employee benefit plan liability of nwpp was understated for the prior period and as it impacted eligible members for the plan. Thus the prior period adjustment has been reported to adjust the related liability in line with the actuarial computations. An offset to the above adjustment and a portion of the prior period adjustment is due to an understatement of prior year's receivables due to a timing correction of income.”

“The retirement benefits adjustment reflects the actuarial gain on the apbo of change in discount rate assumption.”