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Home My WebLink About7-22-2026 HUCCPHUTCHINSON UTILITIES COMMISSION AGENDA REGULAR MEETING July 22, 2026 3:00 p.m. 1. CONFLICT OF INTEREST 2. APPROVE CONSENT AGENDA a. Approve Minutes b. Ratify Payment of Bills 3. APPROVE FINANCIAL STATEMENTS 4. OPEN FORUM 5. COMMUNICATION a. City Administrator b. Divisions C. Human Resources d. Legal e. General Manager 6. POLICIES a. Review Policies i. Appendices of Exempt Handbook ii. Appendices of Non -Exempt Handbook b. Approve Changes 7. UNFINISHED BUSINESS 8. NEW BUSINESS a. Re -adopt the Data Practices Act & Public Records Request Policy b. Approve Resolution 26-02 Authorizing City Council to issue 2026B Bonds C. Approve Contract with Hitachi Energy, USA to provide a 47MVA XFMR for the Plant #1 Substation Rebuild Project 9. ADJOURN MINUTES Regular Meeting — Hutchinson Utilities Commission Wednesday, June 24, 2026 Call to order — 3:00 p.m. President Don Martinez called the meeting to order. Members present: President Don Martinez; Secretary Matt Cheney; Vice President Tom Lambert; Commissioner Kathy Silvernale; GM Jeremy Carter; Attorney Marc Sebora Conflict of Interest Secretary Cheney declared conflict of interest in voting on agenda item 2b Ratify Payment of Bills; Secretary Cheney is owner of Redline Systems which is on this month's payment of bills. Secretary Cheney will be abstaining from Agenda item 2b. 2. Approve Consent Agenda a. Approve Minutes b. Ratify Payment of Bills Motion by Commissioner Silvernale, second by Commissioner Lambert to Approve the Consent Agenda. Motion carried unanimously. Secretary Cheney abstained. 3. Approve Financial Statements GM Carter presented the Financial Statements. Purchase Power and Transmission costs were reviewed along with the Power Cost Adjustment and Market Sales. Electric Division is forecasted to be negative with increased power supply costs and having lack of generation to offset. Natural Gas Division usage and revenues increased compared to May 2025. Additional dollars were added back into the rate stabilization fund to grow the fund closer to $600K due to the unpredictability of the winter weather. Cash and Investments were also reviewed. Motion by Commissioner Cheney, second by Commissioner Silvernale to Approve the Financial Statements. Motion carried unanimously. 4. Open Forum 5. Communication a. City Administrator— Matthew Jaunich —Absent b. Divisions i. Dan Lang, Engineering Services Manager — Nothing to report ii. Dave Hunstad, Electric Transmission/Distribution Manager 1. Provided a Solar update. iii. Mike Gabrielson, Production Manager- Nothing to Report iv. Byron Bettenhausen, Natural Gas Manager - 1. Construction season 2. Working on State permitting for Highway 15 3. Annual maintenance of regulator stations 4. Flying of Transmission pipeline was completed for the Spring with no issues found 5. Working with Angie on 2 new hires 6. Leak Surveys have started v. Jared Martig, Financial Manager —Absent c. Human Resources — Angie Radke - i. Continuing to work with Byron on the Welder/Service Person open position ii. Working on Compensation Study d. Legal — Marc Sebora — i. Provided a City Solar update e. General Manager — Jeremy Carter i. Cost of Service Study update ii. Fagen/HDR update on Plant 1 iii. APPA conference next week 6. Policies a. Review Policies i. Section 6 of Exempt Handbook ii. Section 6 of Non -Exempt Handbook No changes recommended at this time. 7. Unfinished Business 8. New Business a. Approve Rescheduling the July 29, 2026, Regular Commission Meeting to Wednesday, July 22, 2026. Motion by Commissioner Lambert, second by Commissioner Cheney to Approve Rescheduling the July 29, 2026, Regular Commission Meeting to Wednesday, July 22, 2026. Motion carried unanimously. President Marteniz added new business item 8b b. Update and Discussion on Bond Financing GM Carter provided an update on Bond Financing. The City of Hutchinson estimates to have $5.8M in bonding, leaving $4.2M in bonding available for Hutchinson Utilities. City of Hutchinson and HUC Staff would like to stay below the $10M threshold so additional financing charges do not occur. GM Carter noted there may be a short time HUC will be below cash reserves with the projects that are being worked on. City of Hutchinson Staff would bring to the council for preliminary approval 2 July 14t" with the Bond Sale being August 11t", which means bond proceeds would come in the end of August/beginning of September. GM Carter provided an update on the projects that are being worked on. Discussion was held on cash position, replenishing cash reserves and the timeline. Commissioners all agreed to move forward with the Bond Financing. 9. Adjourn There being no further business, a motion by Commissioner Cheney, second by Commissioner Lambert to adjourn the meeting at 3:24p.m. Motion carried unanimously. 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H ;i. u H U W a) a) U a) a) a) U ,D H H rl U U) U) U J-) U) a) U H a rl a 0 F a w +) 3 (00 W x +) +) +) (0 (0 (0x w O a w w x� w w x 9 9 w w w x v) 0 H a, � x U .li W x w w H H w w 04 Q H 04 U u O u as u a Oxa u O x O a O z w a w a Q z a a U) H H 9 a u z o o u W H H U) H H H a Q u W L1a U1 � H w H O rG W 0 u H u H vi w a z u 0 a w a w w a F, a H H z z a u w a x a °a w x o a W /-, O O 04 04 04 a a a U) U) U) U 0) Cl H N M J' l.0 r- Cl J' u} l0 N M M M M M M M OD OD oo oo oo oo oo oo OD OD OD OD � H w 1i x .. � � C7 C7 C7 C7 C7 C7 C7 C7 C7 C7 C7 C7 M Z:7) 0 O -li (r) +) +-) U) QQ QQ QQ QQ CD U Q O O O O O O O O O O O O N f7 J-) N N N N N N N N N N N N N Ln •• x U OJ OJ OJ OJ OJ OJ OJ OJ OJ OJ OJ OJ H S-I CD CD CD CD CD CD CD CD CD CD CD CD\ a) •• �' \ \ \ \ \ \ \ \ \ \ \ \ I-- Ul (� O ,D Q U Fia O O O O O O O O O O O O w H E� H H N D EO � N z\ 0 1O z\ H � x � U N � �D o x o z a N W Q O\(J .H Ga co �4 u F \ m a ro Q a 0 a z w w w w � u� Q a z x m 0 w Q 0 N N a ZH- 14 U N u � H a 1i x M 'D M Z:7) O O -li (r) - r +� O O Q N fo J-) Ln o �D q O � � Ln rn H oo H O 3' 3' N in N in M 0o H H f 0o N N l0 H oo OJ � N 61 l0 M N in 3' N H M O M 00 ,i' Ln N 0 00 00 00 0 O O O O O I I O 0 I M I H 61 O N (\j (\j l0 O 0) 0) 61 M I I N H I H I I H f ,3' O O O O N 3' 3' 3' H N Q z � �D W W U H a 0 cn W W +) 6O H � C 7 N H H U1 b" N I rn w w 1 0 u 00 z .11 4-I 0O Hf��G N (0 S-I cn N i7 W O M 4-I H l x x a s H Q W � -1 w 4-) a s U Q H x H z w N a u � w z H w Q W W 0 0 � Q w H � a a H a a W a w a u o w a o 0 I Q Q W W a H H FG E-i E-i N N H H * 61 * H * N M Q Q oo w oo w oo w oo w U U oo oo oo oo G7 G7 U U w w w w co co C7 C7 C7 C7 F, N u U U H H C7 N N N N z z O N N O N O N O N H H Oo O Oo O Oo O Oo o O O O O HUTCHINSON UTILITIES COMMISSION COMBINED DIVISIONS FINANCIAL REPORT FOR JUNE, 2026 Combined Division Customer Revenue Sales for Resale NG Transportation Electric Division Transfer Other Revenues Interest Income TOTAL REVENUES Salaries & Benefits Purchased Commodities Transmission Generator Fuel/Chem. Depreciation Transfers (Elect./City) Operating Expense Debt Interest TOTAL EXPENSES NET PROFIT/(LOSS) 50% of Year Comp. 2026 2025 Di %Chna 2026 2025 Di %Chna Full Yr Bud %of Bud $ 3,341,905 $ 2,699,357 $ 642,548 $ 258,977 $ 1,142,448 $ (883,471) $ 173,893 $ 175,049 $ (1,156) $ 60,667 $ 60,639 $ 28 $ 62,850 $ 79,059 $ (16,209) $ 52,818 $ 74,931 $ (22,113) $ 3,951,109 $ 4,231,483 $ (280,373) 23.8% $ 21,234,907 $ 18,461,312 $ 2,773,595 15.0% $ 40,209,447 52.8% (77.3%) $ 1,989,515 $ 3,074,120 $ (1,084,605) (35.3%) $ 4,339,200 45.8% (0.7%) $ 1,025,474 $ 1,032,414 $ (6,940) (0.7%) $ 2,037,588 50.3% 0.0% $ 364,000 $ 363,833 $ 167 0.0% $ 728,000 50.0% (20.5%) $ 372,707 $ 308,502 $ 64,205 20.8% $ 573,955 64.9% (29.5%) $ 254,507 $ 380,034 $ (125,527) (33.0%) $ 583,457 43.6% (6.6%) $ 25,241,109 $ 23,620,214 $ 1,620,894 6.9% $ 48,471,647 52.1% $ 673,191 $ 673,775 $ (585) (0.09%) $ 4,106,789 $ 3,867,636 $ 239,153 6.2% $ 8,524,717 48.2% $ 1,542,228 $ 1,528,543 $ 13,684 0.9% $ 12,003,242 $ 10,419,545 $ 1,583,697 15.2% $ 20,816,157 57.7% $ 483,242 $ 272,210 $ 211,032 77.5% $ 2,075,993 $ 1,305,126 $ 770,867 59.1% $ 4,200,000 49.4% $ 96,115 $ 367,835 $ (271,720) (73.9%) $ 459,053 $ 784,884 $ (325,831) (41.5%) $ 2,008,656 22.9% $ 353,629 $ 353,674 $ (44) (0.0%) $ 2,122,171 $ 2,118,393 $ 3,778 0.2% $ 4,190,000 50.6% $ 222,552 $ 222,524 $ 28 0.0% $ 1,335,313 $ 1,335,146 $ 167 0.0% $ 2,670,626 50.0% $ 344,066 $ 483,683 $ (139,617) (28.9%) $ 1,888,826 $ 1,917,651 $ (28,825) (1.5%) $ 3,791,274 49.8% $ 38,805 $ 49,688 $ (10,883) (21.9%) $ 232,828 $ 298,128 $ (65,300) 21.9% $ 465,657 50.0% $ 3,753,828 $ 3,951,933 $ (198,105) (5.0%) $ 24,224,215 $ 22,046,510 $ 2,177,705 9.9% $ 46,667,087 51.9% $ 197,281 $ 279,550 $ (82,268) (29.4%)l 1,016,894 $ 1,573,704 $ (556,811) (35.4%) $ 1,804,560 56.4% June June i, YTD YTD 2026 2025 Change 2026 2025 Change Gross Margin %: 33.1% 35.0% -1.9% 30.0% 34.5% -4.6% Operating Income Per Revenue $ (%): 3.6% 4.7% -1.0% 2.9% 5.6% -2.7% Net Income Per Revenue $ (%): 5.0% 6.6% -1.6% 4.0% 6.7% -2.6% 2026 HUC Budget Target 32.2% 2.8%N 3.7%N uuIIUuIINNI HUTCHINSON UTILITIES COMMISSION ELECTRIC DIVISION FINANCIAL REPORT FOR JUNE, 2026 2026 2025 Di . %Chna 2026 2025 Di %Chna FullYrBud %of Bud Electric Division Customer Revenue $ 2,713,043 $ 2,148,061 $ 564,982 26.3% $ 13,212,703 $ 11,771,506 $ 1,441,197 12.2% $ 27,471,918 48.1% Sales for Resale $ 258,977 $ 1,142,448 $ (883,471) (77.3%) $ 1,989,515 $ 3,074,120 $ (1,084,605) (35.3%) $ 4,339,200 45.8% Other Revenues $ 28,119 $ 49,775 $ (21,656) (43.5%) $ 176,334 $ 146,563 $ 29,771 20.3% $ 202,862 86.9% Interest Income $ 27,803 $ 38,859 $ (11,057) (28.5%) $ 135,618 $ 198,381 $ (62,764) (31.6%) $ 308,457 44.0% TOTAL REVENUES $ 3,027,941 $ 3,379,144 $ (351,202) (10.4%) $ 15,514,169 $ 15,190,570 $ 323,599 2.1% $ 32,322,437 48.0% Salaries & Benefits $ 503,657 $ 497,290 $ 6,367 Purchased Power $ 1,266,875 $ 1,225,243 $ 41,632 Transmission $ 483,242 $ 272,210 $ 211,032 Generator Fuel/Chem. $ 96,115 $ 367,835 $ (271,720) Depreciation $ 254,433 $ 255,667 $ (1,235) Transfers (Elect./City) $ 172,817 $ 172,789 $ 28 Operating Expense $ 249,761 $ 407,383 $ (157,623) Debt Interest $ 30,138 $ 32,771 $ (2,633) TOTAL EXPENSES $ 3,057,037 $ 3,231,188 $ (174,151) NET PROFIT/(LOSS) $ (29,096) $ 147,955 $ (177,051) 1.3% $ 2,999,459 $ 2,912,242 $ 87,217 3.0% $ 6,178,442 3.4% $ 6,689,210 $ 6,103,016 $ 586,194 9.6% $ 13,035,315 77.5% $ 2,075,993 $ 1,305,126 $ 770,867 59.1% $ 4,200,000 (73.9%) $ 459,053 $ 784,884 $ (325,831) (41.5%) $ 2,008,656 (0.5%) $ 1,526,939 $ 1,530,872 $ (3,933) (0.3%) $ 3,060,000 0.0% $ 1,036,901 $ 1,036,734 $ 167 0.0% $ 2,073,802 (38.7%) $ 1,307,749 $ 1,334,121 $ (26,372) (2.0%) $ 2,553,967 (8.0%) $ 180,828 $ 196,628 $ (15,800) jLgL $ 361,657 (5.4%) $ 16,276,132 $ 15,203,622 $ 1,072,509 7.1% $ 33,471,839 119.7%) $ (761,962) $ (13,052) $ (748,910) 5,737.8% $ (1,149,402 48.5% 51.3% 49.4% 22.9% 49.9% 50.0% 51.2% 50.0% 48.6% 66.3% 50% of Year Comp. 2026 2025 Di . %Chna 2026 2025 Di %Chna FullYrBud %of Bud Electric Division Residential 5,015,277 4,957,540 57,737 1.16% 25,380,294 25,341,164 39,130 0.15% 54,016,284 47.0% All Electric 137,105 135,347 1,758 1.30% 1,308,847 1,348,141 (39,294) (2.91%) 2,281,979 57.4% Small General 1,509,696 1,505,404 4,292 0.29% 8,492,978 8,747,151 (254,173) (2.91%) 17,753,235 47.8% Large General 9,281,110 8,467,410 813,700 9.61% 47,978,960 42,486,250 5,492,710 12.93% 92,221,607 52.0% Industrial 8,513,000 8,195,000 318,000 3.88% 47,202,000 49,033,000 (1,831,000) (3.73%) 97,880,814 48.2% Total KWH Sold 24,456,188 23,260,701 1,195,487 5.14% 130,363,079 126,955,706 3,407,373 2.68%1 264,153,919 49.4% June June YTD YTD 2026 HUC 2026 2025 Change 2026 2025 Change Budget Target Gross Margin %: 24.2% 29.4% -5.2% 22.7% 29.0% -6.3% 24.7% 24%-28% Operating Income Per Revenue $ (%): -1.3% 3.1% -4.5% -5.4% -0.5% -4.8% -3.6% IIIIIIIIIIIIIIIII Net Income Per Revenue $ (%): -1.0% 4.4% -5.3% -4.9% -0.1% -4.8% -3.6% IIIIIIIIIIIIIIIII Customer Revenue per KWH: $0.1109 $0.0923 $0.0186 $0.1014 $0.0927 $0.0086 $0.1040 $0.1040 Total Power Supply Exp. per KWH: $0.0926 $0.1003-$0.0077 $0.0906 $0.0835 $0.0071 $0.0911 Net Loss increased by $177,051 over June 2025. Customer revenue and usage was up but offset by lower sales for resale. Fuels were down with the lower sales for resale. Operating expenses were down due to HTI transformer maintenance a year ago. Sales for Resale of $258,977 consisted of $27,977 in market sales, $98,000 in capacity sales to Rice Lake, $70,000 in capacity sales to AEP, and $63,000 in capacity sales to Nextera. June 2025 Sales for Resale of $1,142,448 included $911,448 in market sales, $98,000 in capacity sales to Rice Lake, $70,000 in capacity sales to AEP, and $63,000 in capacity sales to Nextera. June 2024 Sales for Resale of $249,223 consisted of $42,998 in market sales, $98,000 in capacity sales to Rice Lake and $108,225 in capacity sales to AEP. Overall Purchased Power increased by $41,632. MRES purchases increased by $55,779 and market purchases/MISO costs decreased by $14,147. The average cost of MISO power was $22.04/mwh (4,477 mwh's purchased), compared to $33.65/mwh (1,478 mwh's purchased) in June 2025. June 2026 PCA was $.01762/kwhr bringing in an additional $428,383 for the month and $1,096,917 YTD. The 6 month average PCA is $.00837 There was no PCA for June 2025 leaving the total collected at $151,798 YTD. Gas Division Customer Revenue Transportation Electric Div. Transfer Other Revenues Interest Income TOTAL REVENUES Salaries & Benefits Purchased Gas Operating Expense Depreciation Transfers (City) Debt Interest TOTAL EXPENSES NET PROFIT/(LOSS) HUTCHINSON UTILITIES COMMISSION GAS DIVISION FINANCIAL REPORT FOR JUNE, 2026 50% of Year Comp. 2026 2025 2 %Chna 2026 2025 E %Chna Full YrBud %of Bud $ 628,862 $ 551,296 $ 77,566 14.1% $ 8,022,204 $ 6,689,806 $ 1,332,398 19.9% $ 12,737,529 63.0% $ 173,893 $ 175,049 $ (1,156) (0.7%) $ 1,025,474 $ 1,032,414 $ (6,940) (0.7%) $ 2,037,588 50.3% $ 60,667 $ 60,639 $ 28 0.0% $ 364,000 $ 363,833 $ 167 0.0% $ 728,000 50.0% $ 34,731 $ 29,284 $ 5,448 18.6% $ 196,372 $ 161,939 $ 34,433 21.3% $ 371,093 52.9% $ 25,015 $ 36,071 $ (11,057) (30.7%) $ 118,889 $ 181,653 $ (62,764) (34.6%) $ 275,000 43.2% $ 923,168 $ 852,339 $ 70,829 8.3% $ 9,726,939 $ 8,429,644 $ 1,297,295 15.4% $ 16,149,210 60.2% $ 169,534 $ 176,486 $ (6,952) (3.9%) $ 1,107,330 $ 955,394 $ 151,936 15.9% $ 2,346,275 47.2% $ 275,353 $ 303,301 $ (27,948) (9.2%) $ 5,314,032 $ 4,316,529 $ 997,503 23.1% $ 7,780,842 68.3% $ 94,306 $ 76,300 $ 18,006 23.6% $ 581,077 $ 583,531 $ (2,454) (0.4%) $ 1,237,307 47.0% $ 99,197 $ 98,007 $ 1,190 1.2% $ 595,232 $ 587,521 $ 7,710 1.3% $ 1,130,000 52.7% $ 49,735 $ 49,735 $ - 0.0% $ 298,412 $ 298,412 $ 0 0.0% $ 596,824 50.0% $ 8,667 $ 16,917 $ (8,250) 0.0% $ 52,000 $ 101,500 $ (49,500) 48.8% $ 104,000 50.0% $ 696,791 $ 720,745 $ (23,954) (3.3%) $ 7,948,083 $ 6,842,888 $ 1,105,196 16.2% $ 13,195,248 60.2% $ 226,377 $ 131,594 $ 94,783 72.0%1 1,778,856 $ 1,586,757 $ 192,099 12.1% $ 2,953,962 60.2% 50% of Year Comp. 2026 2025 2 . %Chnq 2026 2025 p %Chnq Full YrBud %of Bud Gas Division Residential 6,791,305 7,485,390 (694,085) (9.27%) 249,393,854 260,107,851 (10,713,997) (4.12%) 410,283,000 60.8% Commercial 9,205,009 10,270,357 (1,065,348) (10.37%) 186,311,847 191,935,889 (5,624,042) (2.93%) 317,957,000 58.6% Industrial 48,452,747 49,355,119 (902,372) (1.83%) 442,390,173 451,869,372 (9,479,199) (2.10%) 820,578,000 53.9% Total CF Sold 64,449,061 67,110,866 (2,661,805) (3.97%)l 878,095,874 903,913,112 (25,817,238) (2.86%)l 1,548,818,000 56.7% June June YTD YTD 2026 HUC 2026 2025 Change 2026 2025 Change Budget Target Gross Margin %: 63.7% 58.7% 5.0% 41.8% 44.7% -2.9% 47.7% Operating Income Per Revenue $ (%): 20.7% 11.0% 9.7% 16.3% 16.9% -0.6% 15.9% Net Income Per Revenue $ (%): 24.5% 15.4% 9.1% 18.3% 18.8% -0.5% 18.3% Contracted Customer Rev. per CF: $0.0067 $0.0063 $0.0004 $0.0076 $0.0067 $0.0009 $0.0069 Customer Revenue per CF: $0.0166 $0.0125 $0.0041 $0.0106 $0.0081 $0.0025 $0.0095 Total N.G. Supply Exp. per CF: $0.0049 $0.0049 $0.0000 $0.0063 $0.0050 $0.0013 $0.0053 Notes/Graphs: June Net Income increased by $94,783. Usage was down but revenues were up due to the fuel cost adjustment in 2026 compared to a credit a year ago. Fuel Cost Adjustment for June 2026 was $.00143/MCF bringing in an additional $28,510 for the month and $610,168 YTD. June 2025 Fuel Cost "Credit" Adjustment was $2.12/MCF crediting customers $43,468 for the month and $538,332 YTD. HUTCHINSON UTILITIES COMMISSION BALANCE SHEET - CONSOLIDATED JUNE 30, 2026 Electric Gas Total Total Net Change Division Division 2026 2025 Total (YTD) Current Assets UnrestrictedlUndesignated Cash Cash (9,882,262.57) 16,509,201.24 6,626,938.67 12,953,957.41 (6,327,018.74) Petty Cash 680.00 170.00 850.00 850.00 - Designated Cash Capital Expenditures - Five Yr. CIP 2,750,000.00 700,000.00 3,450,000.00 3,450,000.00 - Payment in Lieu of Taxes 1,345,802.00 596,824.00 1,942,626.00 1,942,626.00 - Rate Stabilization - Electric 1,301,838.58 - 1,301,838.58 1,169,595.93 132,242.65 Rate Stabilization - Gas - 430,472.83 430,472.83 615,294.19 (184,821.36) Catastrophic Funds 800,000.00 200,000.00 1,000,000.00 1,000,000.00 - Restticted Cash Bond & Interest Payment 2017 637,299.52 - 637,299.52 494,004.68 143,294.84 Bond & Interest Payment 2012 - 1,092,000.00 1,092,000.00 1,171,916.65 (79,916.65) Debt Service Reserve Funds 1,175,000.00 2,072,000.00 3,247,000.00 3,255,256.00 (8,256.00) Total Current Assets (1,871,642.47) 21,600,668.07 19,729,025.60 26,053,500.86 (6,324,475.26) Receivables Accounts (net of uncollectible allowances) 2,701,409.44 539,613.75 3,241,023.19 2,610,368.38 630,654.81 Interest 49,785.32 49,785.33 99,570.65 148,628.57 (49,057.92) Total Receivables 2,751,194.76 589,399.08 3,340,593.84 2,758,996.95 581,596.89 Other Assets Inventory 2,291,274.43 516,846.43 2,808,120.86 2,531,841.89 276,278.97 Prepaid Expenses 89,474.03 84,601.34 174,075.37 1,058,604.27 (884,528.90) Sales Tax Receivable 139,918.47 - 139,918.47 415,328.44 (275,409.97) Deferred Outflows- Electric 371,991.00 - 371,991.00 342,759.00 29,232.00 Deferred Outflows - Gas - 123,997.00 123,997.00 114,253.00 9,744.00 Total Other Assets 2,892,657.93 725,444.77 3,618,102.70 4,462,786.60 (844,683.90) Total Current Assets 3,772,210.22 22,915,511.92 26,687,722.14 33,275,284.41 (6,587,562.27) Capital Assets Land & Land Rights 690,368.40 3,899,918.60 4,590,287.00 4,590,287.00 - Depreciable Capital Assets 95,284,047.93 45,149,321.56 140,433,369.49 139,520,058.21 913,311.28 Accumulated Depreciation (52,583,189.16) (23,976,628.30) (76,559,817.46) (72,601,573.21) (3,958,244.25) Construction - Work in Progress 12,030,003.70 101,201.12 12,131,204.82 3,223,025.48 8,908,179.34 Total Net Capital Assets 55,421,230.87 25,173,812.98 80,595,043.85 74,731,797.48 5,863,246.37 Total Assets 59,193,441.09 48,089,324.90 107,282,765.99 108,007,081.89 (724,315.90) Current Liabilities Current Portion of Long-term Debt Bonds Payable Bond Premium Lease Liability - Solar Array Accounts Payable Accrued Expenses Accrued Interest Accrued Payroll Total Current Liabilities Long -Term Liabilities Noncurrent Portion of Long-term Debt 2017 Bonds 2012 Bonds Bond Premium 2012 Pension Liability- Electric Pension Liability - Electric OPEB Pension Liability - Nat Gas Pension Liability - Nat Gas OPEB Accrued Vacation Payable Accrued Severance Deferred Outflows - Electric Deferred Outflows - Nat Gas Total Long -Term Liabilities Net Position Retained Earnings Total Net Position HUTCHINSON UTILITIES COMMISSION BALANCE SHEET - CONSOLIDATED JUNE 30, 2026 Electric Gas Total Division Division 2026 820,000.00 19, 546.00 3,300,588.38 30,137.98 158,681.49 4,328,953.85 10,930,000.00 381,966.96 1, 585, 328.00 42,211.00 635,863.89 224,153.38 1,087,158.00 14,886,681.23 2,080,000.00 185,608.32 785,914.34 8,666.75 55,857.05 3,116,046.46 (108,271.89) 528,443.00 14,071.00 224,492.28 44,404.41 362,386.00 1,065,524.80 2,900,000.00 185,608.32 19, 546.00 4,086,502.72 38,804.73 214,538.54 7,445,000.31 10,930,000.00 273,695.07 1, 585, 328.00 42,211.00 528,443.00 14,071.00 860,356.17 268,557.79 1,087,158.00 362,386.00 15,952,206.03 Total Net Change 2025 Total (YTD) 2, 770, 000.00 130, 000.00 185,608.32 - - 19,546.00 4,334,937.81 (248,435.09) 49,688.03 (10,883.30) 191,414.67 23,123.87 7,531,648.83 (86,648.52) 11,750,000.00 (820,000.00) 2,080,000.00 (2,080,000.00) 492,760.35 (219,065.28) 1,832,248.00 (246,920.00) 39,880.00 2,331.00 610,749.00 (82,306.00) 13,293.00 778.00 739,330.02 121,026.15 245,721.73 22,836.06 1,294,449.00 (207,291.00) 431,483.00 (69,097.00) 19,529,914.10 (3,577,708.07) 39,977,806.01 43,907,753.64 83,885,559.65 80,945,518.96 2,940,040.69 39,977,806.01 43,907,753.64 83,885,559.65 80,945,518.96 2,940,040.69 Total Liabilities and Net Position 59,193,441.09 48,089,324.90 107,282,765.99 108,007,081.89 (724,315.90) Hutchinson Utilities Commission Cash -Designations Report, Combined 6/30/2026 Financial Institution Current Interest Rate Annual Interest Balance, June 2026 Balance, May 2026 Change in Cash/Reserve Position Savings, Checking, Investments varies varies varies 19,729,025.60 19,684,415.57 44,610.03 Total Operating Funds 19,729,025.60 19,684,415.57 44,610.03 Debt Reserve Requirements Bond Covenants - sinking fund Debt Reserve Requirements Bond Covenants -1 year Max. P & I Total Restricted Funds Operating Reserve Rate Stabalization Funds PILOT Funds Catastrophic Funds Capital Reserves Total Designated Funds Min 60 days of 2026 Operating Bud. Charter (Formula Only) Risk Mitigation Amount 5 Year CIP (2026-2030 Fleet & Infrastructure Maintenance) 1,729,299.52 1,448,828.16 280,471.36 3,247,000.00 3,247,000.00 - 4,976,299.52 4,695,828.16 280,471.36 7,079,514.50 7,079,514.50 - 1,732,311.41 1,686,387.40 45,924.01 1,942,626.00 1,942,626.00 - 1, 000, 000.00 1, 000, 000.00 3,450,000.00 3,450,000.00 - 15,204,451.91 15,158,527.90 45,924.01 YE YE YE YE YTD HUC 2022 2023 2024 2025 2026 Target Debt to Asset 31.4% 28.6% 26.0% 22.3% 21.8% Current Ratio 4.47 4.48 3.67 3.10 2.86 RONA -1.38% 1.96% 2.63% 3.23% 1.08% Historical Change in Cash Balance Month End Electric Elec. Change Natural Gas Gas Change Total Total Change 6/30/2026 (1,871,642) 21,600,668 19,729,026 12/31/2025 (416,323) (1,455,319) 18,975,091 2,625,577 18,558,768 1,170,258 12/31/2024 6,134,710 (6,551,033) 17,717,453 1,257,638 23,852,164 (5,293,396) 12/31/2023 12,158,338 (6,023,628) 15,622,242 2,095,211 27,780,580 (3,928,416) 12/31/2022 11,633,212 525,126 15,450,554 171,688 27,083,766 696,815 12/31/2021 12,870,253 (1,237,041) 15,086,000 364,554 27,956,253 (872,487) 12/31/2020 14,239,233 (1,368,981) 15,019,173 66,827 29,258,406 (1,302,153) 12/31/2019 12,124,142 2,115,092 13,837,040 1,182,133 25,961,181 3,297,225 12/31/2018 15,559,867 (3,435,725) 12,335,998 1,501,042 27,895,864 (1,934,683) 12/31/2017 23,213,245 (7,653,378) 10,702,689 1,633,309 33,915,934 (6,020,070) 12/31/2016 8,612,801 14,600,444 9,500,074 1,202,615 18,112,875 15,803,059 12/31/2015 6,170,790 2,442,011 9,037,373 462,701 15,208,163 2,904,712 12/31/2014 3,598,821 2,571,969 6,765,165 2,272,208 10,363,986 4,844,177 * 2017's Significant increase in cash balance is due to issuing bonds for the generator project. Hutchinson Utilities Commission Cash -Designations Report, Electric 6/30/2026 Change in Financial Annual Balance, Balance, Cash/Reserve Institution Current Interest Rate Interest June 2026 May 2026 Position �' Rr Savings, Checking, Investments varies varies varies 19,729,025.60 19,684,415.57 44,610.03 Total HUC Operating Funds 19,729,025.60 19,684,415.57 44,610.03 Debt Restricted Requirements Debt Restricted Requirements Total Restricted Funds Bond Covenants - sinking fund Bond Covenants -1 year Max. P & 1 637,299.52 1,175,000.00 1,812,299.52 538,828.16 1,175,000.00 1,713,828.16 98,471.36 - 98,471.36 Excess Reserves Less Restrictions, Electric (3,683,941.99) 0: i 11J! !!1 1 !1 J J Operating Reserve Min 60 days of 2026 Operating Bud. 5,068,639.83 5,068,639.83 Rate Stabalization Funds $400K-$1.2K 1,301,838.58 1,301,838.58 PILOT Funds Charter (Formula Only) 1,345,802.00 1,345,802.00 Catastrophic Funds Risk Mitigation Amount 800,000.00 800,000.00 Capital Reserves 5 Year CIP (2026-2030 Fleet & Infrastructure Maintenance) 2,750,000.00 2,750,000.00 Total Designated Funds 11,266,280.41 11,266,280.41 Excess Reserves Less Restrictions & Designations, Electric (14,950,222.40) 00 YE YE YE YE YTD APPA Ratio HUC 2022 2023 2024 2025 2026 5K-10K Cust. Target Debt to Asset Ratio (* w/Gen.) 34.8% 34.0% 33.9% 31.6% 32.5% 39.8% pp ppppp ryry NNNNNNNNNNNN Current Ratio 4.96 4.35 2.38 0.80 0.37 3.75 >2.0 RONA -4.2% -0.9% -2.1% 0.4% -1.4% NA >0% Hutchinson Utilities Commission Cash -Designations Report, Gas 6/30/2026 Change in Financial Annual Balance, Balance, Cash/Reserve Institution Current Interest Rate Interest June 2026 May 2026 Position 51' Rr Savings, Checking, Investments varies varies varies 19,729,025.60 19,684,415.57 44,610.03 Total HUC Operating Funds 19,729,025.60 19,684,415.57 44,610.03 Debt Restricted Requirements Bond Covenants - sinking fund 1,092,000.00 910,000.00 182,000.00 Debt Restricted Requirements Bond Covenants -1 year Max. P & 1 2,072,000.00 2,072,000.00 - Total Restricted Funds 3,164,000.00 2,982,000.00 182,000.00 Excess Reserves Less Restrictions, Gas 18,436,668.07 18,197,314.72 239,353.35 1 1 JJJ1 111 1 11 J J Operating Reserve Min 60 days of 2026 Operating Bud. 2,010,874.67 2,010,874.67 - Rate Stabalization Funds $200K-$600K 430,472.83 384,548.82 45,924.01 PILOT Funds Charter (Formula Only) 596,824.00 596,824.00 - Catastrophic Funds Risk Mitigation Amount 200,000.00 200,000.00 Capital Reserves 5 Year CIP (2026-2030 Fleet & Infrastructure Maintenance) 700,000.00 700,000.00 - Total Designated Funds 3,938,171.50 3,892,247.49 45,924.01 YE YE YE YE YTD HUC 2022 2023 2024 2025 2026 AGA Ratio Target Debt to Asset 26.5% 21.0% 15.5% 10.6% 8.7% 35%-50% Current Ratio 4.06 4.61 5.08 5.18 6.30 1.0-3.0 RONA 3.0% 6.2% 9.1% 7% 4.3% 2%-5% Notes/Graphs: ELECTRIC DIVISION Operating Revenue June 2026 CLASS AMOUNT KWH /KWH Street Lights 28,461.73 362 $78.6236 Electric Residential Service $653,470.78 5,015,277 $0.1303 All Electric Residential Service $19,318.94 137,105 $0.1409 Electric Small General Service $193,522.15 1,509,696 $0.1282 Electric Large General Service $989,679.98 9,281,110 $0.1066 Electric Large Industrial Service $828,589.41 8,513,000 $0.0973 Total $2,713,042.99 24,456,550 $0.1109 Power Adjustment $0.01762 Rate Without Power Adjustment $0.09331 Electric Division Year -to -Date ® 2026 $ Amount ❑ 2025 $ Amount ® 2026 KWH110 ❑ 2025 KWH110 16,000,000 14,000,000 12,000,000 10,000,000 8,000,000 6,000,000 4,000,000 2,000,000 0 Residential All Elec. Resid. Small Gen. Srv. Large Gen. Srv. Large Industrial Sales For Resale Total NOTE: This graph includes sales for resale (capacity and energy sales) but excludes street lights and security lights NATURAL GAS DIVISION Operating Revenue June 2026 CLASS AMOUNT MCF /MCF Residential $157,461.98 6,791 $23.1858 Commercial $136,117.43 9,205 $14.7873 Large Industrial $38,558.66 4,027 $9.5756 Large Industrial Contracts $296,723.84 44,426 $6.6791 Total $628,861.91 64,449 $9.7575 Fuel Adjustment $0.00143 Rate Without Fuel Adjustment $9.75607 Natural Gas Division Year -to -Date ❑ 2026 $ Amount ❑ 2025 $ Amount m 2026 MCF ❑ 2025 MCF 9,000,000 8,000,000 7,000,000 6,000,000 5,000,000 4,000,000 3,000,000 2,000,000 1,000,000 0 Gas Residential Gas Commercial Large Industrial Large Industrial Total Contracts w�Qo- QQQQQQQQQQ QQQQQQQQQQQQQQQ QQrQQQQ OQ! QQQQQ!Q! 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N o P 0 0 o CO O N M o, r M. o W (] R W O o 0 I— O M L() G) O co co co r N d N co o Coo V u) b `� M O N No f0 O 69 � N r Oat R r N J G eel N N ey N j Y d N O O O O o O O O O o O O O O o O O O O o O O O O O O O O o 0 o O N eNl N e01 N N N N N , d O V O O CO CO O O co I� N r N N O o -y N o o o coo 0 N o '6 o » w r co U E E O N W :u a O aR+ 0 0 0 0 O O O N 0 O o O (7 3 F N o 0 N co O O L(i o O W O cq I N o R N q) M co t- C O co O M N m (h co o N o N rr r W NO 0 N LD — It F co � M NI-- f0 fA w o o 0 0 0 O R L(i I- O O Q,o O 0; F o O� N N o o O 0 0 0 10 "... N O O O O m, N O N V O M V 0 Lo O co� oo N o) o I— co N M M N LL,O R C O N N O co I-- N I N O) .,. � VVVVV�VVVVVVVVV' I�IY 4 ' to o J um 0] o Y o 0 6 N F ° d O L O o D v N U 0 . O C O N E E O U c ) U � � C 00 � c i 0 O :3 CL N O 04 CDN N Q m C 0 N co U H co `r r co O M W W W O N O N O M w O O N O N O O O N O N W) N O N_ O M w O W) N O N O O W) N O N O LO I— co O co O 00 O co M I,- O O N O O O I— O r 0') O O O O O M co O 00 co I— O (o I— N I-- O co co 1-* O O N O O O O N O O C O O O O O M C (n O c O L � L N L c O cB 0 LL 0 Q o «a «a U Q � in - 6 " - 6 6 6 `(sapu! w) iaivs (suoµdln.uajut jo jiiaquunu) IjpvS p z I O U_ N W N a U W C9 O a a O c 0 c a� E w c co co M 1-1 yr cu L cu U 0) cu O L, cu E �L L.L co Ln M y-+ co a) 2 N O 7 Q L N O r O O d � o E O z c U U M r_ r_ r_ O O O rrr N N N 7 7 7 co co co 7 L s cn c O -1-1 Q L L L N E O cn U ca 7 L s c O c6 L O cn yr Cam_ G L N E O cn U ca 7 L s LO M N N O O O O O m O O N O N O y N 60 O (O CF) M co M N CV (O CF) (O N (O LO 4- 0 N � O O O Q 7 L L � L E O 4+ ch co 7 a0 a0 ci co I-t LO co co O 7 0 a0 N co co a0 a0 LO N N N Lo ch N co +_'' �' CO co 2 O L L LO E LO w d co CO CO L t Q. 'a y� (D = (D \ N r a CD a) CD E CD L O y L N 0) CO CB N 0) CO \ C 0) CO ++ v W E cu O C O W O w i \ CB z y-+ L O -0 — -0 C -0N CO L L o f E 7 a)>+ L O cu Q _ 7 N (n a) U U U CO M M ++ 0 N r a HUTCHINSON UTILITIES COMMISSION 9T, Board Action Form iiiiiiiiiiiiiiiiiiiiiillillillillillillilliillillillillillillilliilliillillillillillillillillillilliillillillillillillilliillillillillillillilliillillillillillillillillillillilliillillillillillillilliillillillillillillilliillillillillillillillillillillilliillillillillillillilliillillillillillillilliillillillillillillillillillillilliillillillillillillilliillillillillillillilliillillillillillillillillillillilliillillillillillillilliillillillillillillilliillillillillillillillillillillilliillillillillillillilliillillillillillillilliillillillillillillillillillillilliillillillillillillilliillillillillillillilliillillillillillillillillillillilliillillillillillillilliillillillillillillilliillillillillillillillillillillilliillillillillillillilliillillillillillillilliillillillillillillillillillillilliillillillillillillilliillillillillillillilliillillillillillillillillillillilliillillillillillillilliillillillillillillilliillillillillillillillillillillilliillillillillillillilliillillillillillillilliilllI Agenda Item: Review Policies Presenter: Angie Radke Agenda Item Type: Time Requested (Minutes): 5 Review Policies Attachments: Yes BACKGROUND/EXPLANATION OFAGENDA ITEM: As part of HUC's standard operating procedures, a continual policy review is practiced. This month, the following policies were reviewed and no changes are recommended on these policies at this time: i. Appendices of Exempt Handbook ii. Appendices of Non -Exempt Handbook BOARD ACTION REQUESTED: None Fiscal Impact: Included in current budget: Budget Change: PROJECT SECTION: Total Project Cost: Remaining Cost: Exempt I, APPENDICES APPENDIX A - ACKNOWLEDGEMENT acknowledge that I have received a copy of the Hutchinson Utilities Employee Handbook and that I am responsible for being familiar with its contents. I understand the Hutchinson Utilities Employee Handbook does not create a contract between Hutchinson Utilities and me. I also understand that Hutchinson Utilities may revise the contents of the Employee Handbook at its discretion. Date: Employee's Signature 1 APPENDIX B — NEW EMPLOYEE ACKNOWLEDGEMENT I, Commission") as have been hired by the Hutchinson Utilities Commission ("the I acknowledge that I will serve a six (6) month probationary period, ending the day of , 20 , unless the General Manager extends my probation a maximum of three (3) additional months. I understand that until my probationary period is completed, the Commission may terminate me at any time and without cause. Date: Employee's Signature 2 APPENDIX C — TEMPORARY EMPLOYEE ACKNOWLEDGEMENT I, ("the Commission") as have been hired by the Hutchinson Utilities Commission which is a temporary position. I acknowledge that this position will not exceed six (6) months and the Commission may terminate it without cause at any time. I also understand I accrue no rights to reappointment to this position if it becomes open again in the future. I understand as a temporary employee, I am not entitled to any benefits, and that I may be terminated from the position at any time and without cause. Date: Employee's Signature 3 APPENDIX D - ACKNOWLEDGEMENT I, acknowledge that I have received a copy of the APPA-Utilities Safety Handbook and that I am responsible for being familiar with its contents. I understand I must follow all safety rules and regulations in the APPA Safety Handbook and any other safety rules adopted by Hutchinson Utilities. Date: Employee's Signature M Non -Exempt I, APPENDICES APPENDIX A - ACKNOWLEDGEMENT acknowledge that I have received a copy of the Hutchinson Utilities Employee Handbook and that I am responsible for being familiar with its contents. I understand the Hutchinson Utilities Employee Handbook does not create a contract between Hutchinson Utilities and me. I also understand that Hutchinson Utilities may revise the contents of the Employee Handbook at its discretion. Date: Employee's Signature 5 APPENDIX B — NEW EMPLOYEE ACKNOWLEDGEMENT I, Commission") as have been hired by the Hutchinson Utilities Commission ("the I acknowledge that I will serve a six (6) month probationary period, ending the day of , 20 , unless the General Manager extends my probation a maximum of three (3) additional months. I understand that until my probationary period is completed, the Commission may terminate me at any time and without cause. Date: Employee's Signature R APPENDIX C — TEMPORARY EMPLOYEE ACKNOWLEDGEMENT I, ("the Commission") as have been hired by the Hutchinson Utilities Commission which is a temporary position. I acknowledge that this position will not exceed six (6) months and the Commission may terminate it without cause at any time. I also understand I accrue no rights to reappointment to this position if it becomes open again in the future. I understand as a temporary employee, I am not entitled to any benefits, and that I may be terminated from the position at any time and without cause. Date: Employee's Signature 7 APPENDIX D - ACKNOWLEDGEMENT I, acknowledge that I have received a copy of the APPA-Utilities Safety Handbook and that I am responsible for being familiar with its contents. I understand I must follow all safety rules and regulations in the APPA Safety Handbook and any other safety rules adopted by Hutchinson Utilities. Date: Employee's Signature ��y�znr�raa+r HUTCHINSON UTILITIES COMMISSION Board Action Form '�XA61Tl�`' Agenda Item: Re -adopt the Data Practices policy of Hutchinson Utilities Commission Presenter: Jeremy Carter Agenda Item Type: Time Requested (Minutes): New Business Attachments: Yes BACKGROUND/EXPLANATION OF AGENDA ITEM: State law requires that political subdivisions like the Hutchinson Utilities Commission adopt a data practices policy which guides both the Hutchinson Utilities Commission and members of the public in obtaining information that the Hutchinson Utilities Commission retains. The data practices policy informs people of what type of information is public and what is not, how to obtain that information from the Hutchinson Utilities Commission, who is responsible for overseeing the data that is kept by the Hutchinson Utilities Commission, and what the cost is to obtain that data, if any. State law also requires that the Hutchinson Utilities Commission adopt the data practices policy annually prior to August 1 st. For your consideration and approval is the data practices policy for the Hutchinson Utilities Commission. There are no proposed changes from the version we adopted last year. I recommend adoption of the data practices policy. BOARD ACTION REQUESTED: Re -adopt the Hutchinson Utilities Commission Data Practices Policy Fiscal Impact: 0 Included in current budget: Budget Change: PROJECT SECTION: Total Project Cost: Remaining Cost: Hutchinson Utilities Commission Guidelines and Procedures For the Minnesota Government Data Practices Act Subi ect 1 2 3 M 5 6 7 8 9 Hutchinson Utilities Commission Data Practices Procedures Table of Contents Introduction...............................................................................4 Responsible Authority..................................................................4 Access to Public Data...................................................................4 A. People Entitled to Access..........................................................5 B. Form of Request......................................................................5 C. Time Limits........................................................................ 5 D. Fees....................................................................................5 Access to Data on Individuals..........................................................5 A. People Entitled to Access...........................................................5 B. Form of Request..................................................................... 6 C. Identification of Requesting Party.................................................6 D. Time Limits...........................................................................6 E. Fees.....................................................................................6 F. Summary Data........................................................................ 6 G. Juvenile Records..................................................................... 7 Access to Customer Account Information .......................................... 7 Denialof Access..........................................................................7 Collection of Data on Individuals...................................................... 7 Challenge to Data Accuracy............................................................ 8 DataProtection........................................................................... 8 A. Accuracy and Currency of Data ................................................... 8 B. Data Safeguards.....................................................................8 2 Exhibits Page 1. List of Designees......................................................................... 10 2. Data Request/Cost Calculation Form .................................................. 11 3. Photocopying Charges...................................................................12 4. Consent to Release Private Data........................................................13 5. Information Disclosure Request........................................................14 6. Access and Nondisclosure Agreement................................................15 7. Data Practices Advisory (Tennessen Warning) ...................................... 17 8. Contract Language, Outside Agents .................................................. 18 Appendix Letter Nonpublic, Private & Confidential Data Maintained by the City ..................... A 3 HUTCHINSON UTILITIES COMMISSION DATA PRACTICES PROCEDURES 1. Introduction. These procedures are adopted to comply with the requirements of the Minnesota Data Practices Act (the "Act"), specifically Minn. Stat. Sec. 13.03, Subd. 2 and 13.05, Subd. 5 and 8. 2. Responsible Authority. The person who is the responsible authority for compliance with the Act is the General Manager. The responsible authority has designated certain other HUC employees to assist in complying with the act. These designees are listed on attached Exhibit 1. 3. Access to Public Data. All information maintained by HUC is public unless there is a specific statutory designation, which gives it a different classification. Categories of classification are as follows: Data on Individuals* MS 13.02, Subd. 5 Public Accessible to anyone MS 13.02, Subd. 15 Private Assessable to the data Subject; Not accessible To the public MS 13.02, Subd 12 Confidential Not accessible to the data subject; Not accessible to the public MS 13.02, Subd. 3 Data on Decedents MS 13.10, Subd. 1 Public Accessible to anyone MS 13.02, Subd. 15 Private * * Assessable to the representative of the descendent; Not accessible To the public MS 13.10, Subd 1B Confidential * * Not accessible to the representative of the descendent; Not accessible to the public MS 13.10, Subd. IA Data not on Individuals* MS 13.02, Subd. 4 Public Accessible to anyone MS 13.02, Subd. 14 Nonpublic Accessable to the data subject; Not accessible to the public MS 13.02, Subd 9 Protected Nonpublic Not accessible to the data subject; Not accessible to the Public MS 13.02, Subd. 13 M Individual is defined at MS 13.02, subdivision 8. Individual means a living human being. It does not mean any type of entity created by law, such as a corporation. * * Private and confidential data on decedents become public data ten years after the death of the data subject and 30 years after the creation of the data. A. People Entitled to Access. Any person has the right to inspect and copy public data. The person also has the right to have an explanation of the meaning of the data. The person does not need to state his or her name or give the reason for the request. B. Form of Request. The request for public data may be verbal or written. C. Time Limits. Requests. Requests will be received and processed only during normal business hours. Response._ If copies cannot be made at the time of the request, copies must be supplied as soon as reasonably possible. D. Fees. Fees may be charged only if the requesting person asks for a copy or electronic transmittal of the data. Fees will be charged according to HUC's standard photocopying policy, attached as exhibit 2, unless significant time is required. In that case, the fee will include the actual cost of searching for, retrieving, and copying or electronically transmitting the data. The fee may include time necessary to separate public from non-public data. The responsible authority may also charge an additional fee if the copies have commercial value and are a substantial and discreet portion of a formula, compilation, program, process, or system developed with significant expenditure of public funds. This additional fee must related to the actual development costs of the information. 4. Access to Data on Individuals. Information about individual people is classified by law as public, private, or confidential. A list of the private and confidential information maintained by HUC is contained in Appendix A. A. People Entitled to Access. Public information about an individual may be shown or given to anyone. Private information about an individual may be shown or given to: ► The individual, but only once every six months, unless a dispute has arisen or additional data has been collected. ►A person who has been given access by the express written consent of the data subject. This consent must be on the form attached as Exhibit 4, or a form reasonable similar. ►People who are authorized access by the federal, state, or local law or court order. ►People about whom the individual was advised at the time the data was collected. The identity of those people must be part of the Tennessen warning described below. ►People within HUC staff, HUC Commission Members, and outside agents (such as attorneys) whose work assignments or responsibilities reasonably require access. * Confidential information may not be given to the subject of the data, but may be given or shown to: ►People who are authorized access by federal, state, or local law or court order. ►People within HUC staff, HUC Commission Members, and outside agents (such as attorneys) whose work assignments or responsibilities reasonably require access. B. Form or Request. Any individual may request verbally or in writing. If HUC has stored data about that individual and whether the data is classified as public, private, or confidential. All requests to see or copy private or confidential information must be in writing. An Information Disclosure Request, attached as Exhibit 5, must be completed to document who requests and who receives this information. The responsible authority or designee must complete the relevant portions of the form. The responsible authority or designee may waive the use of this form if there is other documentation of the requesting party's identity, the information requested, and HUC's response. C. Identification of Requesting Party. The responsible authority or designee must verify the identity of the requesting party as a person entitled to access. This can be through personal knowledge, presentation of written identification, comparison of the data subject's signature on a consent form with the person's signature in HUC records, or other reasonable means. D. Time Limits. *Requests. Requests will be received and processed only during normal business hours. *Response. The response must be immediate, if possible, or within 5 working days, if an immediate response is not possible. HUC may have an additional 5 working days to respond if it notifies the requesting person that it cannot comply within 5 days. E. Fees. Fees may be charged in the same manner as for public information. F. Summary Data. Summary data is statistical records and reports derived from data on individuals but which does not identify an individual by name or any other characteristic that could uniquely identify an individual. Summary data derived from private or confidential data is public. The responsible authority or designee will 0 prepare summary data upon request, if the request is in writing and the requesting parry pays for the cost of the preparation. G. The responsible authority or designee must notify the requesting parry about the estimated costs and collect these costs before preparing or supplying the summary data. This should be done within 10 days after receiving the request. If the summary data cannot be prepared within 10 days, the responsible authority must notify the requester of the anticipated time schedule and the reason for the delay. Summary data may be prepared by "blacking out" personal identifiers, cutting out portions of the records that contain personal identifiers, programming computers to delete personal identifiers, or other reasonable means. The responsible authority may ask an outside agency or person to prepare the summary data if (1) the specific purpose is given in writing (2) the agency or person agrees not to disclose the private or confidential data, and (3) the responsible authority determines that access by this outside agency or person will not compromise the privacy of the private or confidential data. The responsible authority may use the form attached as Exhibit 6. 5. Access to Customer Account Information. Information pertaining to a customer's account, including names, gas and electric usage and all financial information pertaining to the account, is private information and will only be released to the person named on the account or the person(s) designated on a Consent to Release Private Data form as attached hereto as Exhibit 4. 6. Denial of Access. If the responsible authority or designee determines that the requested data is not accessible to the requesting parry, the responsible authority or designee must inform the requesting party orally at the time of the request or in writing as soon after that as possible. The responsible authority or designee must give the specific legal authority, including statutory section, for withholding the data. The responsible authority or designee must place an oral denial in writing upon request. This must also include the specific legal authority for the denial. 7. Collection of Data on Individuals. The collection and storage of information about individuals will be limited to that necessary for the administration and management of the programs specifically authorized by the state legislature, HUC Board Members, or federal government. When an individual is asked to supply private or confidential information about the individual, HUC employees requesting the information must give the individual a Tennessen warning. This warning must contain the following: C. The purpose and intended use of the requested data, D. Whether the individual may refuse or is legally required to supply the requested data, E. Any known consequences from supplying or refusing to supply the information, and F. The identity of other persons or entities authorized by state or federal law to receive the data. 7 A Tennessen warning is not required when an individual is requested to supply investigative data to a law enforcement officer. A Tennessen warning may be on a separate form or may be incorporated into the form which requests the private or confidential data. See attached Exhibit 7. 8. Challenge to Data Accuracy. An individual who is the subject of public or private may contest the accuracy or completeness of that data maintained by HUC. The individual must notify HUC's responsible authority in writing describing the nature of the disagreement. Within 30 days, the responsible authority or designee must respond and either (1) correct the data found to be inaccurate or incomplete and attempt to notify past recipients of inaccurate or incomplete data, including recipients named by the individual, or (2) notify the individual that the authority believes the data to be correct. An individual who is dissatisfied with the responsible authority's action may appeal to the Commissioner of the Minnesota Department of Administration, using the contested case procedures under Minnesota Statues Chapter 14. The responsible authority will correct any data if so ordered by the Commissioner. 9. Data Protection. b. Accuracy and Currency of Data. A. All employees will be requested, and given appropriate forms, to provide updated personal information to the appropriate supervisor, General Manager, or Business Manager, which is necessary for tax, insurance, emergency notification, and other personnel purposes. Other people who provide private or confidential information will also be encouraged to provide updated information when appropriate. B. Department heads should periodically review forms used to collect data on individuals to delete items that are not necessary and to clarify items that may be ambiguous. C. All records must be disposed of according to the State of Minnesota General Records Retention Schedule. c. Data Safeguards. *Private and confidential information will be stored in files or databases which are not readily accessible to individuals who do not have authorized access and which will be secured during hours when the offices are closed. Such information will be labeled in a manner warning that the information is private and/or confidential and is not to be released to unauthorized individuals. Storage containers for these documents will have substantially the same warning. *Only those employees whose job responsibilities require them to have access will be allowed access to files and records that contain private or confidential information. These employees will be instructed to: A. Not to discuss, disclose, or otherwise release private or confidential data to HUC employees whose job responsibilities do not require access to the data. B. Not leave private or confidential data where non -authorized individuals might see it, and C. Shred private or confidential data before discarding. *When a contract with an outside parry requires access to private or confidential information, the contracting parry will be required to use and disseminate the information consistent with the Act. HUC may include in a written contract the language contained in Exhibit 8. 9 Exhibit 1 LIST OF DESIGNEES The Minnesota Data Practices Act establishes a system for compilation and distribution of data gathered by government agencies. All data collected and maintained by Hutchinson Utilities Commission ("HUC") is presumed public and is accessible to the public for both inspection and copying, unless classified as Private, Confidential, Nonpublic or Protected Nonpublic in accordance with Federal law, State Statute or a temporary classification. The Hutchinson Utilities Commission has appointed the following position to administer this system. Responsible Authority General Manager Hutchinson Utilities Commission 225 Michigan St. SE Hutchinson, MN 55350 (320) 587-4746 Positions appointed as Designees in system administration are as follows: Official Records Clerk Administrative Coordinator Hutchinson Utilities Commission 225 Michigan St. SE Hutchinson, MN 55350 (320) 587-4746 Other positions responsible for maintenance of HUC Records are as apparent or assigned. 10 Exhibit 2 DATA REQUEST COST CALCULATION FORM Fees charged are in accordance with Minn. Statute Section 13.03 (3) Date of Request: Description of information requested: (Please be specific) Costs for duplication of standard materials are included on Exhibit 3. Please use this section to calculate fees for other data requests. Estimated Cost Actual Cost A. LABOR X 4 Hours Hourly Rate X #Hours Hourly Rate B. PHOTOCOPY X Rate #Pages C. MAILING X D. PRINTING COSTS E. OTHER COSTS (May include computer time, programming, terminal access, microfilming and any other costs not listed above.) 1. 2. 3. 4. TOTAL CHARGES AMOUNT TO BE PREPAID (50% of est. total if exceeds $50) AMOUNT DUE UPON COMPLETION PREPARED BY: DEPARTMENT: DATE: 11 Exhibit 3 Photocopying Charges The following rates shall apply for request of standard materials: STANDARD CHARGES Photo Copies 25 cents/page Document Research $25/hour MN Statute 13.03 Subd. 3. Request for access to data. (a) Upon request to a responsible authority or designee, a person shall be permitted to inspect and copy public government data at reasonable times and places, and, upon request, shall be informed of that data's meaning. If a person requests access for the purpose of inspection, the responsible authority may not assess a charge or require the requesting person to pay a fee to inspect data. (b) For purposes of this section, "inspection" includes but is not limited to, the visual inspection of paper and similar types of government data. Inspection does not include printing copies by the government entity, unless printing a copy is the only method to provide for inspection of the data. (c) The responsible authority or designee shall provide copies of public data upon request. If a person requests copies or electronic transmittal of the data to the person, the responsible authority may require the requesting person to pay the actual costs of searching for and retrieving government data, including the cost of employee time, and for making copies, certifying, compiling, and electronically transmitting the copies of the data, but may not charge for separating public from nonpublic data. If the responsible authority is not able to provide copies at the time a request is made, copies shall be supplied as soon as reasonably possible. 12 Exhibit 4 CONSENT TO RELEASE PRIVATE DATA I, , authorize the Hutchinson Utilities Commission to release the following private data about me: To the following person or people: The person or people receiving the private data may use it only for the purpose or purposes: This authorization is dated and expires on The expiration cannot exceed one year from the date of the authorization, except in the case of authorizations given in connection with applications for life insurance or non -cancelable or guaranteed renewable health insurance and identified as such, two years after the date of the policy. I agree to give up and waive all claims that I might have against HUC, its agents and employees for releasing data pursuant to this request. Signature Identity Verified By: Witness: X Identification: Driver's License, State ID, Passport, other: Comparison with signature on file Other: Responsible Authority/Designee: 13 Exhibit 5 INFORMATION DISCLOSURE REQUEST Minnesota Government Data Practices Act A. Completed by Requester Name (Last, First, MI) Date of Request Street Address City, State, Zip Phone Number Signature Description of the information requested: attach additional sheets if necessary) B. Completed by Hutchinson Utilities Commission Handled by: Information classified as: Public Non -Public Private Protected Non -Public Confidential Action: Approved Approved in part (Explain Below) Denied (Explain Below) Remarks or basis for denial including MN Statute if applicable: Charges: None Photocopy: Pages x cents = Special Rate: Explanation: Other: Explanation: Authorized Signature Identify Verified for Private Information: Identification: Driver's License, Etc. Comparison with Signature on File Personal Knowledge Other: Date 14 Exhibit 6 GOVERNMENT DATA ACCESS AND NONDISCLOSURE AGREEMENT AUTHORIZATION. Hutchinson Utilities Commission ("HUC") hereby authorizes , ("Authorized Party") access to the following government data: 2. PURPOSE. Access to this government data is limited to the objective of creating summary data for the following purpose: 3. COST. (Check which applies): The Authorized Parry is the person who requested the summary data and agrees to bear HUC's costs associated with the preparation of the data which has been determined to be $ The authorized Parry has been requested by HUC to prepare summary data and will be paid in accordance with Attached Exhibit 4. SECURITY. The Authorized Parry agrees that if it and any employees or agents under its control must protect the privacy interests of individual data subjects in accordance with the terms of this Agreement. The Authorized Parry agrees to remove all unique personal identifiers which could be used to identify any individual from data classified by state or federal law as not public which is obtained from HUC records and incorporated into reports, summaries, compilations, articles, or any document or series of documents. Data contained in files, records, microfilm, or other storage media maintained by HUC are HUC's property and are not to leave HUC's custody. The Authorized Party agrees not to make reproductions of any data or remove any data from the site where it is provided, if the data can in any way identify an individual. No data which is not public and which is irrelevant to the purpose stated above will ever be disclosed or communicated to anyone by any means. The Authorized parry warrants that the following named individual(s) will be the only person(s) to participate in the collection of the data described above: 15 5. LIABILITY FOR DISCLOSURE. The Authorized parry is liable for any unlawful use or disclosure of government data collected, used and maintained in the exercise of this agreement and is classified as not public under state or federal law. The Authorized Parry understands that it may be subject to civil or criminal penalties under those laws. The Authorized parry agrees to defend, indemnify, and hold the HUC, its officers and employees harmless from any liability, claims, damages, costs, judgments, or expenses, omission of the Authorized Party's failure to fully perform in any respect all obligations under this agreement. 6. INSURANCE. In order to protect itself as well as HUC, the Authorized parry agrees at all times during the term of this Agreement to maintain insurance covering the Authorized Party's activities under this Agreement. The insurance will cover $1,000,000 per claimant for personal injuries and/or damages and $1,000,000 per occurrence. The policy must cover the indemnification obligation specified above. 7. ACCESS PERIOD. The Authorized Parry may have access to the information described above from to 8. SURVEY RESULTS. (Check which applies): If the Authorized Parry is the requester, a copy of all reports, summaries, compilations, articles, publications or any document or series of documents that are created from the information provided under this agreement must be made available to HUC in its entirety. If the Authorized Parry is a contractor of HUC, all copies of reports, summaries, compilations, articles, publications or any document or series of documents that are created from the information provided under this agreement must be provided to HUC. The Authorized parry may retain one copy for its own records but may not disclose it without HUC permission, except in defense of claims brought against it. AUTHORIZED PARTY: Title (if applicable): HUTCHINSON UTILITIES COMMISSION: Its: Date: Date: 16 Exhibit 7 DATA PRACTICES ADVISORY (Tennessen Warning) Some or all of the information that you are asked to provide on the attached form is classified by State law as either private or confidential. Private data is information that generally cannot be given to the public but can be given to the subject of the data. Confidential data is information that generally cannot be given to either public or the subject of the data. Our purpose and intended use of this information is: You are are not legally required to provide this information. If you refuse to supply the information, the following may happen: Other persons or entities authorized by law to receive this information are: 17 Exhibit 8 SAMPLE CONTRACT PROVISION Data Practices Compliance. Contractor will have access to data collected or maintained by HUC to the extent necessary to perform Contractor's obligation under this contract. Contractor agrees to maintain all data contained from HUC in the same manner as HUC is required under the Minnesota Government Data Practices Act, Minn. Stat. Chap. 13 (the Act). Contractor will not release or disclose the contents of data classified as not public to any person except at the written direction of HUC. Contractor agrees to defend and indemnify HUC from any claim, liability, damage or requirements of the Act or this contract. Upon termination of this contract, Contractor agrees to return data to HUC as requested by HUC. In APPENDIX A NONPUBLIC, PRIVATE & CONFIDENTIAL DATA MAINTAINED BY HUTCHINSON UTILITIES COMMISSION 1. PERSONNEL DATA (PRIVATE) Generally all data about people who are or were an employee, applicant for employment, volunteer, independent contractor, or member of the Hutchinson Utilities Commission is private, with the exceptions noted below. Public Data — Applicants The following data on current and former applicants is public: * Veteran Status * Relevant test scores * Rank on eligible list * Education and training * Work availability * Name, after being certified as eligible for appointment to a vacancy or when considered a finalist for a position of public employment (which occurs when the person has been selected to be interviewed by the appointing authority) * Names and addresses of applicants for appointment to and members of an advisory board or commission. Public Data — Employees The following data on current and former employees, volunteers, independent contractors, and members of advisory boards and commissions are public: * Name * Actual gross salary * Salary range * Contract fees * Actual gross pension * Value and nature of employer paid fringe benefits * Basis for and the amount of added remuneration, including expense reimbursement, in addition to salary * Job title * Job Description * Education and training background * Previous work experience 19 * Date of first and last employment * The existence and status (but not nature) of any complaints or charges against the employee, regardless of whether the complaint or charge resulted in a disciplinary action * Terms of any agreement settling any dispute arising from the employment relationship, including a "buyout" agreement. * Work location * Work telephone number * Badge number * Honors and awards received * Payroll time sheets or other comparable data that are only used to account for employee's work time for payroll purposes, except to the extent that release of time sheet data would reveal the employee's reasons for the use of sick or other medical leave or other non- public data. * City and county of residence Access by Labor Organizations Personnel data may be given to labor organizations and the Bureau of Mediation Services to the extent this it is necessary to conduct elections, notify employees of fair share fee assessments, or to implement state labor laws. Employee Assistance Programs All data associated with employee assistance programs is private. Harassment When there is a harassment complaint against an employee, the employee may not have access to data that would identify the complainant or other witnesses if the data would threaten the personal safety of the complainant or witness, or subject the complainant or witness to harassment. However, this information will be provided to the employee in order for him/her to prepare for a disciplinary proceeding that has been initiated. Peer Counseling Debriefing Data acquired by a peer group member in a public safety peer counseling debriefing is private data on the person being debriefed. Protection of Employee or Others If it is reasonably necessary to protect an employee from harm to self or to protect another person who may be harmed by the employee, information that is relevant to the safety concerns may be released to (1) the person who may be harmed or to the person's attorney when relevant to obtaining a restraining order, (2) a prepetition screening team in the commitment process, or (3) a court, law enforcement agency or prosecuting authority. 2. PROPERTY COMPLAINT DATA (CONFIDENTIAL). Minn. Stat. 13.44 The identities of individuals who register complaints concerning violations of state laws or local ordinances concerning the use of real property. 20 3. PLANNING QUESTIONAIRES (PRIVATE). Minn. Stat. 13.59 Names, addresses, and legal descriptions of property, that are collected in questionnaires or surveys of individuals and businesses for the purposes of planning, development, or redevelopment. 4. SECURITY INFORMATION (Nonpublic). Minn. State. 13.37 Data which is disclosed would be likely to substantially jeopardize the security of information, possessions, individuals or property against the theft, tampering, improper use, attempted escape, illegal disclosure, trespass, or physical injury. This includes crime prevention programs and their home addresses and telephone numbers, but these may be disseminated to other volunteers participating in crime prevention programs. 5. SEALED BIDS (Nonpublic) Minn. Stat. 13.37 6. LABOR RELATIONS INFORMATION (Nonpublic). Minn. Stat. 13.37 Management positions on economic and non -economic items that have not been presented during the collective bargaining process or interest arbitration, including information collected or created to prepare the management position. 7. EXAMINATION DATA (Nonpublic). Minn. Stat. 13.34 Completed versions of personnel and licensing examinations shall be accessible to the individual who completed the examination, unless the responsible authority determines that access would compromise the objectivity, fairness, or integrity of the examination process. 8. ELECTED OFFICIALS CORRESPONDENCE (PRIVATE). Minn. Stat. 13.601 Correspondence between individuals and elected officials is private data on individuals, but may be made pubic by either the sender or the recipient. 9. BENEFIT DATA (PRIVATE). Minn. Stat. 13.462 All data about individuals participating in HUC's rehabilitation program. 10. APPRAISAL DATA (CONFIDENTIAL). Minn. Stat. 13.44 Appraisals made for the purpose of selling or acquiring land. 11. CITY ATTORNEY RECORDS. Minn. Stat. 13.393 Statutes, rules, and professional standards concerning discovery, production of documents, introduction of evidence, and professional responsibility govern the use, collection, storage, and dissemination of data by the city attorney. 12. COMMISSION MEETINGS HAVING DATA CLASSIFIED AS NONPUBLIC Minn. Stat. 13D.05 21 Subd. 2. When meeting must be closed: (a) any portion of a meeting must be closed if expressly required by other law or if the following types of data are discussed: 1. data that would identify alleged victims or reporters of criminal sexual conduct, domestic abuse, or maltreatment of minors or vulnerable adults; 2. internal affairs data relating to allegations of law enforcement personnel misconduct collected or created by a state agency, statewide system, or political subdivision; or educational data, health data, medical data, welfare data, or mental health data that are not public data. (b) A public body shall close one or more meetings for preliminary consideration of allegations or charges against an individual subject to its authority. If the members conclude that discipline of any nature may be warranted as a result of those specific charges or allegations, further meetings or hearings relating to those specific charges or allegations held after that conclusion is reached must be open. A meeting must also be open at the request of the individual who is the subject of the meeting. Subd. 3. When meeting may be closed. (a) a public body may close a meeting to evaluate the performance of an individual who is subject to its authority. The public body shall identify the individual to be evaluated prior to closing a meeting. At its next open meeting, the public body shall summarize its conclusions regarding the evaluation. A meeting must be open at the request of an individual who is the subject of the meeting. (b) Meetings may be closed if the closure is expressly authorized by statute or permitted by the attorney -client privilege. 22 HUTCHINSON UTILITIES COMMISSION ^I'�xP61Tti'°" Board Action Form Agenda Item: Resolution 26-02 Authorizing City Council to issue 2026B Bonds Presenter: Jeremy Carter Agenda Item Type: Time Requested (Minutes): 5 New Business Attachments: Yes BACKGROUND/EXPLANATION OFAGENDA ITEM: Part of the process of financing electric transmission and distribution infrastructure improvements with tax exempt bonds is for the Hutchinson Utilities Commission to approve a resolution authorizing the Hutchinson City Council to issue bonds on HUC's behalf through a competitive bid process. Disclosure documents are being prepared for bond investors to review and a bond rating call on HUC's 2026B bonds is scheduled for the morning of July 22nd with Moody's Rating Agency. Based on competitive bids that are favorable, the City Council will award the sale of 2026B bonds on August I Ith, 2026 with an estimated closing date of September 3rd, 2026. Proceeds from the sale will be disbursed to HUC shortly after the closing date. BOARD ACTION REQUESTED: Approve Resolution 26-02 Authorizing the Sale of Bonds Fiscal Impact: Included in current budget: Budget Change: PROJECT SECTION: Total Project Cost: Remaining Cost: HUTCHINSON UTILITIES COMMISSION RESOLUTION 26-02 RELATING TO PUBLIC UTILITY REVENUE BONDS, SERIES 202613; AUTHORIZING THE HUTCHINSON CITY COUNCIL TO PROVIDE FOR THE ISSUANCE AND SALE THEREOF BE IT RESOLVED by the Hutchinson Utilities Commission (the "Commission") as follows: 1. Recitals. To finance improvements to the electric generation and distribution system operated and managed by the Commission, it is proposed that the City of Hutchinson (the "City") issue its Public Utility Revenue Bonds, Series 2026B, in the approximate principal amount of $4,295,000 ("the "Bonds"), the principal of and interest on which shall be payable from the net revenues of the electric generation and distribution system and natural gas system operated and managed by the Commission. The Bonds are to be issued pursuant to and secured by the covenants and agreements contained in a resolution to be adopted by the Hutchinson City Council on or around August 11, 2026 (the "Resolution"). 2. Authorization and Concurrence. The Commission hereby finds and determines that the issuance of the Bonds is necessary and in the best interests of the Commission and authorizes the City to issue the Bonds as provided in the Resolution, and hereby joins in and adopts the Resolution, including all of the covenants and agreements therein contained with the same force and effect as if the Resolution had been adopted by the Commission. Adopted: July 22, 2026. 4931-4471-4938\2 1111111� I i iiipiiq� -Ijqpr�� $4,295,000 Public Utility Revenue Bonds, Series 2026B -"-��EHLERS gm=� Ehlers 3001 Broadway Street, Su�te 320 Knneapoks, MN 55413 Mck Anhut, Senor Munldpa� Advisor Bruce Krnrnd, Senor Munldpa� Advisor BUILDING COMMUNITIES. IT'S WHAT WE DO. j nfo#ehlers-inc.com 1 (800) 552-1171 www.ehlers-inc.com R O • CommissionThe proposed issue includes fixed-rate, tax-exempt financing for various Hutchinson Utilities •vements underway service will be paid exclusively from pledged net revenues of the electric and gas utility system enterprise operated and administered by the Hutchinson Utilities Commission. The Bonds are being issued pursuant to Minnesota Statutes, Chapter 453. Chapter 453 allows cities to issue debt without limitation as long as the bonds are limited obligation of the City payable only from revenues of the public utility system. The City has two outstanding Public Utility Revenue Bond Issues (Series 2012A and 2017B). Because Public Utility Revenue bonds are not general obligations of the City backed by its full faith and credit, it is necessary to give the bondholders a lien on revenues by setting certain covenants in the bond documents and restrict the issuance of future debt unless thresholds are met. Specifically: • Rate Covenant: The City covenants to establish, maintain and collect such charges, fees and rentals as will produce revenues sufficient to pay the reasonable cost of operation and maintenance of the public utility system and to produce, in each year, net revenues not less than 130% of the annual interest and principal requirements of all bonds outstanding. • Additional Bonds Test: In order for the City to issue additional bonds on a parity of lien, the City must demonstrate that the preceding annual net revenues of the public utility system for the prior fiscal year were at least 130% of the maximum amount of annual debt service on all outstanding bonds and the bonds proposed to be issued. Fiscal 2025 net revenues exceeded $7.7 million and 247% coverage on existing debt service. The 2026B Public Utility Bonds will meet the 130% coverage test for issuing additional bonds. Debt • A Debt Service Reserve Accountbe • in an amount equal to the lesser of (a) 10% of the aggregate original principal amount of bonds outstanding, b) the maximum annual debt service comingdue on all parity bonds,o % of average annual debt service to become due on all parity bonds. The existing balance in the Reserve Account is currently sufficient to meet the estimated requirement necessary for the additional 2026B Public Utility Bonds. Presale Report July 14, 2026 City of Hutchinson, Minnesota Page 1 Term/Call Feature: The Bonds are being issued for a term of 11 years, three months in total. Principal on the Bonds will be due on December I in the years 2027 through 2037. Interest will be due every six months beginning June 1, 2027. The Bonds will be offered with a call option allowing prepayment at the discretion of the City without penalty starting December 1, 2034 or any date thereafter. Bank Qualification: Because the City, inclusive of the 2026A and 2026B Bonds, is expecting to issue no more than $10,000,000 in tax exempt obligations during the calendar year, the City will be able to designate both series of bonds as "bank qualified" obligations. Bank qualified status can broaden the market for the Bonds which can result in more favorable interest rates. Credit Rating: A credit rating provides an independent opinion of risk and can help differentiate the Bonds among other offerings in the marketplace. The City and HUC's most recent revenue bond issues were rated by Moody's Investors Service. The current rating on those bonds is "AU' To enhance marketability of the Bonds, we recommend the City request a new evaluation to update and apply the credit rating to the Bonds. The underwriter on the Bonds may elect to purchase bond insurance. In that instance, the credit rating for the issue may be higher in the event the bond rating of the insurer is higher than that of the City and HUC's net revenue Method of Sale/Placement: We are recommending the Bonds be issued as municipal securities and offered through a competitive underwriting process. The City will solicit competitive bids, which we will compile on its behalf, for the purchase of the Bonds from underwriters and banks. An allowance for discount bidding will be included in the terms of sale. The discount is treated as an interest item and provides the underwriter with all or a portion of their compensation in the transaction. If the Bonds are purchased at a price greater than the minimum bid amount (maximum discount), unused allowance may be used to reduce the final borrowing amount. Premium Pricing: In some cases, investors in municipal bonds prefer "premium" pricing structures. A premium is achieved when the purchaser pays an amount in excess of the face value of a maturity in return for a higher coupon (the interest rate paid by the issuer) than the prevailing market yield. The sum of the amounts paid in excess of face value is considered "reoffering premium." The amount of the premium varies, but it is not uncommon to see premiums for new issues in the range of 2.00% to 10.00% of the face amount of the issue. This means that an issuer with a $4,000,000 offering may receive bids that result in proceeds of $4,080,000 to $4,400,000. For this issue of Bonds we have been directed to use any net premium to reduce the size of the issue. The resulting adjustments may slightly change the final true interest cost calculation of the issue, either up or down. The amount of premium can be restricted in the bid Pnssa|eHeport July l4`2O26 City ofHutchinson, Minnesota Page specifications. Restrictions on premium may result in fewer bids, but may also eliminate large adjustments on the day of sale and unintended impacts with respect to debt service payment. Ehlers will identify appropriate premium restrictions for the Bonds intended to achieve the City's objectives for this financing. ReviewI I We have reviewed all outstanding indebtedness for the City and find that there are no viable refunding opportunities to consider. We will continue to monitor the market and call dates for the City's outstanding debt to alert you to any future refunding opportunities as they arise. Continuing I I r: The City will be agreeing to provide certain updated Annual Financial Information and its Audited Financial Statement annually, as well as providing notices of the occurrence of certain reportable events to the Municipal Securities Rulemaking Board (the "MSRB"), as required by rules of the Securities and Exchange Commission (SEC). The City is already obligated to provide such reports for its existing General Obligation and Net Revenue bonds and engages Ehlers as its disseminating agent to prepare and file the reports on its behalf. Arbitrage MoI rI The City must ensure compliance with certain sections of the Internal Revenue Code and Treasury Regulations ("Arbitrage Rules") throughout the life of the issue to maintain the tax- exempt status of the Bonds. These Arbitrage Rules apply to amounts held in construction, reserve and debt service accounts, along with related investment income on each fund/account. IRS audits will verify compliance with rebate, yield restriction and records retention requirements within the Arbitrage Rules. The City's specific arbitrage responsibilities will be detailed in the Signature, No -Litigation, Arbitrage Certificate and Purchase Price Receipt (the "Tax Compliance Document") prepared by your Bond Attorney and provided at closing. The Bonds may qualify for one or more exceptions to the Arbitrage Rules by meeting various spend down, debt service fund, reasonable reserve or investments yield restrictions. The City is currently receiving arbitrage services from Ehlers. An Ehlers arbitrage expert will contact the City within 30 days after the sale date to review the City's specific responsibilities for the Bonds. I : Subject to the Arbitrage Rules and Tax Compliance Document mentioned above, the City may maximize the fund opportunity for its projects by temporarily investing the proceeds until the funds are needed to pay for construction expenses. As a Registered Investment Advisor, Ehlers will be standing by and available to assist in developing a strategy to invest your Bond proceeds within the objectives of the City and HUC's financial policies and practices. Risk Factors: Utility Revenue: The City expects to pay the Bonds' debt service with net revenues of the electric and gas utility enterprise funds managed and administered by the Hutchinson Utilities Presale Report July 14, 2026 City of Hutchinson, Minnesota Page 3 Commission. . • • . not obligated to use its levy authority or any other funds on hand to pay debt service on the Bonds. Any enterprise is subject to variations in annual revenues . • expenditures,• IM . for fiscal year 2025 net revenues show the capacityto meet ongoing debt service obligations. uolwllqw��#i # This debt issuance will require the engagement of other public finance service providers. This section identifies those other service providers, so Ehlers can coordinate their engagement on your behalf. Where you have previously used a particular firm to provide a service, we have assumed that you will continue that relationship. Fees charged by these service providers will be paid from proceeds of the obligation, unless you notify us that you wish to pay them from other sources. Our pre -sale bond sizing includes a good faith estimate of these fees, but the final fees may vary. Bond CoDorsey Z Whitney LLID Paying Agent: Bond Trust Services Corporation Rating Agency: wr o •Investors Based on the City and HUC's stated objectives; financial situation; risk tolerance; liquidity needs; experience with the issuance of Bonds; long-term financial capacity; as well as the tax status considerations, structure, timing and other similar matters related to the Bonds, we are recommending the issuance of Bonds as a suitable option. • The issuance is consistent with the City's practices for financing its large-scale capital projects and the anticipated repayment is consistent with long-term financial plans and the adopted utility revenue covenants. • Tax -exemption and bank qualification can result in lower interest costs than most other financing options available to the City and HUC for like projects. • The expectation is this form of financing will meet the City and HUC's objectives for term and future prepayment flexibility. • The method of sale process identified complies with City policy as well as best practices endorsed by the Government Finance Officers Association (GFOA). • Accept or modify the finance assumptions described in this report, and • Consider the resolution provided by the City's Bond Attorney to establish an August 11, 2026 competitive bond sale date. Subject to City Council approval, the Hutchinson Utilities Commission will be asked at their July 22, 2026 meeting to consider a resolution concurring to the City's determination and agreeing to abide by the bond covenants. Presale Report July 14, 2026 City of Hutchinson, Minnesota Page 4 Pre -Sale Review by City Council: July 14, 2026 Concurring action by Hutchinson Utilities Commission: July 22, 2026 Due Diligence Call to Review Official Statement: Week of July 27, 2026 Conference with Rating Agency: Week of July 27, 2026 Distribute Official Statement: By July 31, 2026 City Council Meeting to Award Sale of the Bonds: August 11, 2026 Estimated Closing Date: September 3, 2026 Nick Anhut, Senior Municipal Advisor (651) 697-8507 Bruce Kimmel, Senior Municipal Advisor (651) 697-8572 Silvia Johnson, Lead Public Finance Analyst (651) 697-8580 Alicia Gage, Senior Financial Analyst (651) 697-8551 Pnssa|eHeport July l4`2O26 City ofHutchinson, Minnesota Page City of Hutchinson, Minnesota $4,295,000 Public Utility Revenue Bonds, Series 2026B Assumes Current Market BQ Al Rates plus 50bps 11 Years Estimated Sources & Uses Dated 09/03/2026 1 Delivered 09/03/2026 Sources Of Funds Par Aiuount of Bonds $4,295,000.00 Total Sources Uses Of Funds Total Underwriter's Discount (1.2007/o Costs of Issuance Deposit to Project Fund Total Uses $4,295,000.00 51 87 2026B Public Util Rev Bon I SINGLE PURPOSE 1 7/ 2/2026 1 2:33 PM Nl Cmtlw 11 1. ..�. .iI 1 11 11., City of Hutchinson, Minnesota $4,295,000 Public Utility Revenue Bonds, Series 2026B Assumes Current Market BQ Al Rates plus 50bps 11 Years Estimated Debt Service Schedule Date Principal Coupon Interest Total P+I Fiscal Total 09/03/2026 - - 06/01/2027 - - 118,251.28 118,251.28 - 12/01/2027 295,000.00 3.250% 79,422.50 374,422.50 492,673.78 06/01/2028 - - 74,628.75 74,628.75 - 12/01/2028 340,000.00 3.350% 74,628.75 414,628.75 489,257.50 06/01/2029 68,933.75 68,933.75 - 12/01/2029 350,000.00 3.400% 68,933.75 418,933.75 487,867.50 06/01/2030 - - 62,983.75 62,983.75 - 12/01/2030 365,000.00 3.500% 62,983.75 427,983.75 490,967.50 06/01/2031 - - 56,596.25 56,596.25 - 12/01/2031 375,000.00 3.600% 56,596.25 431,596.25 488,192.50 06/01/2032 - - 49,846.25 49,846.25 - 12/01/2032 390,000.00 3.650% 49,846.25 439,846.25 489,692.50 06/01/2033 - - 42,728.75 42,728.75 - 12/01/2033 405,000.00 3.700% 42,728.75 447,728.75 490,457.50 06/01/2034 35,236.25 35,236.25 - 12/01/2034 420,000.00 3.750% 35,236.25 455,236.25 490,472.50 06/01/2035 - - 27,361.25 27,361.25 - 12/01/2035 435,000.00 3.850% 27,361.25 462,361.25 489,722.50 06/01/2036 - - 18,987.50 18,987.50 - 12/01/2036 450,000.00 4.000% 18,987.50 468,987.50 487,975.00 06/01/2037 - - 9,987.50 9,987.50 - 12/01/2037 470,000.00 4.250% 9,987.50 479,987.50 489,975.00 Total $4,295,000.00 $1,092,253.78 $5,387,253.78 Yield Statistics Bond Year Dollars $28,529.89 Average Life 6.643 Years Averaae Counon 3.8284544% Net Interest Cost (NIC) 4.0091070% True Interest Cost (TIC) 4.0265217% Bond Yield for Arbitrage Purposes 3.8140940% All Inclusive Cost (AIC) 4.3933592% IRS Form 8038 Net Interest Cost 3.8284544% Weiahted Averaae Maturity 6.643 Years 2026B Public U[il Rev Bon I SINGLE PURPOSE 1 7/ 2/2026 1 2:33 PM fllftlflft ftlgp City of Hutchinson, Minnesota $4,295,000 Public Utility Revenue Bonds, Series 2026B Assumes Current Market BQ Al Rates plus 50bps 11 Years Estimated Net Debt Service Schedule with Existing Obligations Date Principal Coupon Interest Total P+I Existing D/S Net New D/S Fiscal Total 09/03/2026 12/01/2026 - - 3,132,828.13 3,132,828.13 3,132,828.13 06/01/2027 - - 118,251.28 118,251.28 164,428.13 282,679.41 12/01/2027 295,000.00 3.250% 79,422.50 374,422.50 1,014,428.13 1,388,850.63 1,671,530.04 06/01/2028 - - 74,628.75 74,628.75 147,428.13 222,056.88 12/01/2028 340,000.00 3.350% 74,628.75 414,628.75 1,032,428.13 1,447,056.88 1,669,113.76 06/01/2029 - - 68,933.75 68,933.75 136,365.63 205,299.38 12/01/2029 350,000.00 3.400% 68,933.75 418,933.75 1,046,365.63 1,465,299.38 1,670,598.76 06/01/2030 - - 62,983.75 62,983.75 124,990.63 187,974.38 12/01/2030 365,000.00 3.500% 62,983.75 427,983.75 1,054,990.63 1,482,974.38 1,670,948.76 06/01/2031 - - 56,596.25 56,596.25 111,040.63 167,636.88 - 12/01/2031 375,000.00 3.600% 56,596.25 431,596.25 1,071,040.63 1,502,636.88 1,670,273.76 06/01/2032 - - 49,846.25 49,846.25 96,640.63 146,486.88 12/01/2032 390,000.00 3.650% 49,846.25 439,846.25 1,086,640.63 1,526,486.88 1,672,973.76 06/01/2033 - - 42,728.75 42,728.75 81,790.63 124,519.38 12/01/2033 405,000.00 3.700% 42,728.75 447,728.75 1,101,790.63 1,549,519.38 1,674,038.76 06/01/2034 - - 35,236.25 35,236.25 66,490.63 101,726.88 12/01/2034 420,000.00 3.750% 35,236.25 455,236.25 1,116,490.63 1,571,726.88 1,673,453.76 06/01/2035 - - 27,361.25 27,361.25 50,740.63 78,101.88 12/01/2035 435,000.00 3.850% 27,361.25 462,361.25 1,130,740.63 1,593,101.88 1,671,203.76 06/01/2036 - - 18,987.50 18,987.50 34,540.63 53,528.13 - 12/01/2036 450,000.00 4.000% 18,987.50 468,987.50 1,144,540.63 1,613,528.13 1,667,056.26 06/01/2037 - - 9,987.50 9,987.50 17,890.63 27,878.13 12/01/2037 470,000.00 4.250% 9,987.50 479,987.50 1,162,890.63 1,642,878.13 1,670,756.26 Total $4,295,000.00 - $1,092,253.78 $5,387,253.78 $16,127,521.99 $21,514,775.77 Significant Dates Dated 9/03/2026 First available call date 2026B Public Util Rev Bon I SINGLE PURPOSE 1 7/ 2/2026 1 2:33 PM IIVNV0., , E, . . HUTCHINSON UTILITIES COMMISSION ^I'�xP61Tti'°" Board Action Form Agenda Item: Plant #1 Substation Transformer Contract Presenter: Dan L Agenda Item Type: Time Requested (Minutes): 10 New Business Attachments: Yes BACKGROUND/EXPLANATION OFAGENDA ITEM: Staff and DGR Engineering are recommending to enter into an purchase agreement with Hitachi Energy USA for a 47 MVA transformer to be installed at the Plant #1 Substation for a contracted price of $2,695,500.00. The Hitachi proposal was the lowest evaluated price of the three responsible bids that were received for the April 15th bid letting. Seller will provide the performance bond and certificate of insurance upon contract execution. Attachments: Contract Doc 428509 Hitachi.pdf XFMR Bid Summary July 2026 BOARD ACTION REQUESTED: Approve a contract with Hitachi Energy USA for the purchase of an 47 MVA transformer for the Plant #1 Substation. Fiscal Impact: Included in current budget: Budget Change: PROJECT SECTION: Total Project Cost: Remaining Cost: Contract Documents Furnishing 115 / 13.8 kV Power Transformers — Plant 1 Substation Hutchinson Utilities Commission Hutchinson, Minnesota January 2026 DGR Project No. 428509 Contractor: Hitachi Energy USA ATL RK INUZZE r Bidding Documents Furnishing 115 / 13.8 kV Power Transformers - Plant 1 Substation Hutchinson Utilities Commission Hutchinson, Minnesota Contact persons for this project are as follows: Owner: Hutchinson Utilities Commission 225 Michigan Street SE Hutchinson, Minnesota 55350 Phone: 320-587-4746 Daniel Lang Engineering Services Manager Phone: 320-234-0564 Email: dlang@ci.hutchinson.mn.us Engineer: DGR Engineering 1302 S Union Street Rock Rapids, Iowa 51246 Phone: 712-472-2531 Alex Richter, P.E. Project Manager Email: alex.richter@dgr.com Kalen Meyer, E.I Project Engineer Email kalen.meyer@dgr.com Bidding Documents Furnishing 115 / 13.8 kV Power Transformers - Plant 1 Substation Hutchinson Utilities Commission Hutchinson, Minnesota Table of Contents Page No. Advertisement for Bids................................................................AB-1 — AB-2 Instructions to Bidders.................................................................IB-1 — I13-6 BidBond......................................................................................1-2 BidForm......................................................................................BF-1 — BF-6 Performance Bond.......................................................................1-2 General Requirements..................................................................GR-1 — GR-7 Technical Specifications..............................................................TS-1 — TS-24 Material Agreement.....................................................................MA-1 — MA-5 ADVERTISEMENT FOR BIDS Notice is hereby given that on the 15' day of April, 2026, until 2:00 p.m., sealed bids will be received by the Hutchinson Utilities Commission of the city of Hutchinson, Minnesota, at the Hutchinson Utilities office, 225 Michigan Street SE, Hutchinson, MN 55350 and will be publicly opened and read aloud. The material required to be furnished, delivered, and installed is as follows: BASE BID: Two (2) 25/33.33/41.67 MVA at 55°C, 28/37.33/46.67 MVA at 65°C, ONAN/ONAF/ONAF, 115 kV Delta to 13.8 GRDY/7.97 kV with LTC and accessories. REQUIRED ALTERNATE BID: Two (2) 22.3/29.7/37.2 MVA at 55°C, 25/33.33/41.67 MVA at 65°C, ONAN/ONAF/ONAF, 115 kV Delta to 13.8 GRDY/7.97 kV with LTC and accessories. The above equipment shall be in accordance with the Specifications and proposed form of Contract now on file at the Hutchinson Utilities Commission, Hutchinson, Minnesota by this reference made apart hereof, as though fully set out and incorporated herein. Bidders desiring a copy of the bid forms and Specifications for individual use may obtain them from the Office of the Engineer, DGR Engineering, 1302 South Union, PO Box 511, Rock Rapids, Iowa 51246, telephone 712-472-2531, fax 712-472-2710, website www.dgr.com, e-mail dgr(�dgr.com, no deposit required. Each bid shall be made out on a bid form furnished by the Engineer and shall be accompanied by either a bid Bond issued by a Surety authorized to do business in the State of Minnesota and made payable to the Hutchinson Utilities Commission, or a certified check, cashier's check, or bank draft drawn on a state or national bank made payable to the Hutchinson Utilities Commission in a sum equal to five percent (5%) of the total bid. The bid security must not contain any conditions either in the body or as an endorsement thereon. Such bid security shall be forfeited to the Commission as liquidated damages in the event the successful Bidder fails or refuses to enter into a Contract within fifteen (15) days after the award of Contract and post a satisfactory Performance Bond. The successful Bidder shall furnish a Performance Bond in an amount equal to one hundred percent (100%) of the Contract Price and a Certificate of Insurance with appropriate limits to the Owner prior to the approval of the Contract. Bid envelopes must be clearly marked Bid Enclosed — Furnishing 115/13.8 kV Power Transformers — Plant 1 Substation. Payment schedule will be as described in the Material Agreement. All materials shall be delivered by the dates set in the Specifications. The Hutchinson Utilities Commission of the City of Hutchinson, Hutchinson Minnesota reserves the right to defer acceptance of any bid for aperiod not to exceed thirty (30) days after the date bids are received and no bid may be withdrawn during this period. The Commission also reserves the right to waive irregularities and to reject any or all bids as it shall deem to be in the best interest of the Commission. P:A04\285\09\DocASpecAXfinr\Hutchinson MNPwr Xfiur Plantl_Spec 428509.docx AB-1 By President Date ATTESTED By 411hl/. A1,X,, Secretary Date \ P:\04\285\09\Doc\Spec\Xfinr\Hutchinson MN Pwr Mm—Plantl—Spee 428509.docx AB-2 INSTRUCTIONS TO BIDDERS 1.01 FAMILIARITY OF CONDITIONS. A. Bidders are required to examine to their satisfaction, the Plans and Specifications and to make sure that the requirements are fully understood. The failure or omission of any Bidder to examine any form, instrument, or document shall in no way relieve any Bidder from any obligation regarding their bid. 1.02 BIDDERS QUALIFICATIONS. A. Bidder must be capable of performing the work bid upon. The lowest responsive Bidders will be required to satisfy the Owner as to their integrity, experience, number of Employees, equipment, personal, and financial ability to perform and ability to finance the cost of the work. The Bidder shall submit an Experience List with their bid, showing that they have successfully built transformers of a similar size and complexity in recent years to the US market according to IEEE Standards. B. If the information and data requested by the Owner is not furnished, the Owner may consider the Bidder non -responsive or non -responsible. The Owner reserves the right, in its sole and absolute discretion, to accept the bid of a Bidder despite the fact that said Bidder has not submitted any information, list, data or statement requested. C. The Owner reserves the right to reject any bid if the Owner determines, in its sole and absolute discretion, that the Bidder is not properly qualified to carry out the obligations of the Contract and/or to complete the work contemplated by the Contract. Conditional bids will not be accepted. 1.03 METHOD OF BIDDING. A. Bids shall be submitted on aunit price or lump sum basis as stated on the Bid Form. In preparing a bid, the Bidder shall specify the price, written legibly in ink or typewritten, at which the Bidder proposes to do each item of work. The price shall be stated with respect to each and every alternate item, whether an add alternate, or a deduct alternate. Failure to state a price for any alternate bid item shall constitute a non -responsive bid that will not be considered. The prices shall be stated in figures. In items where unit price is required, the total amount for each item shall be computed at the unit prices bid for the quantities given in the estimate. In the event of discrepancies in the unit price extensions listed in the bid, unit prices shall govern. B. For all work let on a unit price basis, the Engineer's estimate of quantities shown on the bid is understood to be approximate only, and will be used only for the purpose of comparing bids. For work let on a lump sum basis, any estimate of quantities provided is furnished for the convenience of Bidders and is not guaranteed. P:A04\285\09\DocASpecAXfinr\Hutchinson MNPwrXfiur P1ant1_Spec428509.docx I13-1 1.04 BID SECURITY. A. Each bid shall be accompanied by bid security as specified in the Advertisement for Bids and made payable to the Owner. Should the Bidder receiving the award fail to execute a satisfactory Contract and file acceptable bonds within fifteen (15) days after the award of Contract, the Owner may consider Bidder to be in default, annul the Notice of Award, and the bid security of that Bidder will be forfeited. Such forfeiture shall be the Owner's exclusive remedy if Bidder defaults. B. The bid security of unsuccessful Bidders will be returned promptly after the award has been made. In no case will the bid security be held longer than thirty (30) days without written permission of the Bidder, except that the bid security of the Bidder to whom the Contract is awarded will be retained until he or she has entered into Contract and filed an acceptable Bond. 1.05 TAXES. A. The prices for material items in all bids shall not include provisions for the payment of any taxes to the State of Minnesota. The Owner will issue a tax exemption certificate to the successful Bidder. 1.06 ALTERNATE MATERIALS. A. Requests for approval of `or -equal' materials and equipment shall be submitted to the Engineer in writing at least fifteen days prior to receipt of bids. Each request shall conform to the terms and conditions of the bidding documents and to the type, function, and quality standards of approved materials and equipment. The burden of proof of the merit of proposed `or -equal' materials and equipment is upon the Bidder. The Engineer's decision of approval or disapproval of a proposed `or - equal' item will be final. No substitution shall be approved except by a written addendum issued to all prospective Bidders. B. Bidders may submit bids for alternate materials which do not meet all the detailed requirements of the Specifications. Such submissions shall be in addition to the basic bid which shall comply with all requirements of the Specifications. Bid evaluation and Contract award will be made on the basis of the base bid. Alternate materials will then be considered, and the final Contract amount adjusted accordingly if the Owner decides to accept bids for alternate materials. In submitting bids for alternate materials, Bidders shall submit manufacturer's data and note the exceptions to the requirements of the Plans and Specifications. C. Additionally, as part of evaluating `or -equal' requests, Engineer will consider the following: Manufacturer's ability to conform with the project specifications. 2. Manufacturer's relevant experience. P:A04\285\09\DocASpecAXfinr\Hutchinson MNPwr Xfiur Plantl_Spec 428509.docx I13-2 3. Manufacturer's support capabilities. 4. The Owner's and Engineer's experience with the proposed equipment. 1.07 TERMS AND CONDITIONS. A. The Bidder is invited to attach their standard patent protection and liability limitation conditions, but shall not include any other terms and conditions to this bid. Attachment of additional terms and conditions shall be grounds for disqualification of the submitted bid. 1.08 CHANGES IN QUANTITIES. A. Not used. 1.09 SUBMISSION OF BIDS. A. Bidders will be furnished with bid form(s) giving the estimate of quantities needed to complete the work. Two copies of the completed bid form(s) and all supporting documentation shall be included with the bid. B. If the bid is made by an individual, his or her name and post office address must be shown. If made by a firm or partnership, the name and post office address of the firm or partnership must be shown. If made by a corporation, the person signing the bid must name the state under the laws of which the corporation is chartered, and the name, title, and business address of the executive head of the corporation. Anyone signing a bid as agent may be required to submit satisfactory evidence of his or her authority to do so. C. Any changes or alterations made in the official bid form, or any additions thereto, may result in the rejection of the bid. No bid will be considered which contains a clause in which the Bidder reserves the right to accept or reject a Contract awarded by the Owner. Bids in which the unit prices are obviously unbalanced may be rej ected. D. Should the Bidder find discrepancies, ambiguities or omissions from these documents, they should immediately notify the Engineer and an addendum will be sent to all known entities holding copies of the Bidding Documents. E. Two copies of each bid form and all supporting documentation shall be provided. Bids shall be placed in an opaque envelope and the envelope sealed and marked "Bid Enclosed: Furnishing 115/13.8 kV Power Transformers —Plant 1 Substation" to indicate its contents. If forwarded by mail, the envelope shall be mailed to the following address: Hutchinson Utilities Commission 225 Michigan Street SE Hutchinson, MN 55350-1905 P:A04\285\09\DocASpecAXfinr\Hutchinson MNPwr Xfiur Plantl_Spec 428509.docx I13-3 F. Receipt of any Addenda must be acknowledged on the bid form or a copy of any Addenda relating to the bid shall be signed and attached to the bid. G. No oral, facsimile machine, telegraphic or telephonic bids or modifications will be considered. 1.10 MODIFICATION OR WITHDRAWAL OF BIDS. A. A bid may be withdrawn by an appropriate document duly executed in the same manner that a bid must be executed and delivered to the place where bids are to be submitted prior to the date and time for the opening of bids. Upon receipt of such notice, the unopened bid will be returned to the Bidder. B. If a Bidder wishes to modify its bid prior to bid opening, Bidder must withdraw its initial bid and submit a new bid prior to the date and time for the opening of bids. C. No bid may be withdrawn for a period of thirty (30) days after the scheduled date and time for the receipt of bids. 1.11 CONTRACT AWARD. A. Award of the Contract, if an award is made, will be on the basis of the Contract Price as is in the best interest of the Owner. It is the intent of the Owner to award one (1) Contract for the Power Transformer as is deemed to be in the best interest of the Owner. The effect of the Contract Price and evaluated costs, guaranteed delivery date, dimensions, and the experience record of the Bidder on units of similar size and rating will be considered in evaluating the bids. This may also include location of manufacturing and assembly, and preference may be given to units manufactured and assembled in the USA. The Owner reserves the right to reject any or all bids, waive technicalities, and make award(s) as deemed to be in the best interest of the Owner. In addition to cost, other items that will impact the award decision include the following: 1. Relevant experience with installations of similar size and type. 2. Support capabilities. 3. Ability to meet specified delivery schedule. 4. Conformance to Project Specifications. 5. Life cycle and maintenance costs. 6. The Owner's and Engineer's past experience with either the Bidder or Power Transformer manufacturer. P:A04\285\09\DocASpecAXfinr\Hutchinson MNPwr Xfiur Plantl_Spec 428509.docx I13-4 1.12 PERFORMANCE BOND. A. The Bidder to whom the Contract is awarded shall furnish a Performance Bond in an amount equal to the Contract Price of the bid guaranteeing the faithful performance of the work in accordance with the terms of the Contract. Such Bond shall be with a Surety company authorized to do business in the State of Minnesota and in form acceptable to the Owner. Any costs associated with procuring the necessary Bond shall be included in the bid prices. 1.13 EXECUTION OF CONTRACT. A. The Bidder to whom the Contract has been awarded shall enter into Contract with the Owner within fifteen (15) days after the award has been made. B. No bid shall be considered binding upon the Owner until the Contract is properly executed by both parties and all required Bonds are filed and certificates of insurance are in place. C. The Contract, when executed, shall be combined with all the Contract Documents identified in the Material Agreement representing the entire agreement between parties. The Bidder shall not claim any modification resulting from representation or promise made by representative of the Owner or other persons. 1.14 PROJECT SCHEDULE. A. The delivery date for the Power Transformers is desired to be no earlier than April 2, 2029 and no later than August 31, 2029. Based on current material availability, both later and earlier delivery dates will be considered by the Owner. B. The Bidder shall provide in their bid a guaranteed delivery and assembly date. Offloading and placement on the pad will be completed by the Contractor. C. Field installation and testing work shall be completed by the Contractor or an appointed representative within fifteen (15) days of delivery to the site. D. The Bidder shall provide in their Bid a guaranteed delivery and assembly date that Offloading and placement on the pad will be completed by the Contractor. If the delivery and assembly is not completed by the dates specified in the Material Agreement, liquidated damages will apply on a per unit basis as set forth in the Material Agreement. E. If the field installation and testing is not completed by the dates as specified in the Material Agreement, liquidated damages will apply on a per unit basis as set forth in the Material Agreement. F. The Owner agrees to indemnify the Contractor for circumstances beyond his control, including acts of God, acts of government, and related circumstances. P:A04\285\09\DocASpecAXfinr\Hutchinson MNPwr Xfiur Plantl_Spec 428509.docx 113-5 Actions that cause delivery delays that are under the control of the Contractor are failure to allow sufficient time for manufacturing, failure to inform the Engineer of changes in the manufacturing schedule, or lack of cooperation in establishing effective measures by which delays could be minimized. G. The Contractor shall provide monthly progress reports to the Engineer during the manufacturing of the transformer. 1.15 TARIFFS: A. `Tariff' refers to any tax, duty, customs charge, or import/export fee imposed by a governmental authority on goods, materials, or components. These charges may be based on factors such as origin, classification, or destination. This includes tariffs enacted under trade laws —such as Sections 201, 232, or 301 of the U.S. Trade Actor similar laws in other jurisdictions. Tariffs may be in effect at the time the contract is signed or may be introduced, changed, or reinterpreted during the term of the Agreement. B. In the event that tariffs are imposed or increased after the effective date of this Agreement, any resulting cost adjustment shall not exceed five percent (5%) of the contract price without the Owner's prior written consent. The Contractor must provide detailed supporting documentation to substantiate any requested increase. C. The Contractor represents and warrants that all pricing set forth in this Bid and any resulting Material Agreement fully accounts for all tariffs in effect as of the date of bid submission. The Contractor expressly waives any right to seek adjustments, claims, or additional compensation based on tariffs existing at the time of submission. D. As a condition of payment and upon request, Contractor shall furnish documentation verifying that any additional costs claimed due to federal trade tariffs are legitimate and have been actually incurred. Such documentation may include, but is not limited to, customs declarations, applicable tariff schedules, shipping invoices, and bills of lading. * * * END OF SECTION * * * P:A04\285\09\DocASpecAXfinr\Hutchinson MNPwr Xfiur Plantl_Spec 428509.docx I13-6 DOC E 11r,Gr[fEF ri BID BOND �cLIrvri�rii=, COnraniii�F. Any singular reference to Bidder, Surety, Owner or other party shall be considered plural where applicable. BIDDER (Name and Address): SURETY (Name, and Address of Principal Place of Business): OWNER (Name and Address): BID Bid Due Date: Description (Project Name— Include Location): BOND Bond Number: Date: Penal sum (Words) (Figures) Surety and Bidder, intending to be legally bound hereby, subject to the terms set forth below, do each cause this Bid Bond to be duly executed by an authorized officer, agent, or representative. BIDDER SURETY (Seal) (Seal) Bidder's Name and Corporate Seal Surety's Name and Corporate Seal By: By: Signature Print Name Title Attest: Attest: Signature (Attach Power of Attorney) Print Name Title Signature Signature Title Title Note: Addresses are to be used for giving any required notice. Provide execution by any additional parties, such as joint venturers, if necessary. EJCDC® C-430, Bid Bond (Penal Sum Form). Published 2013. Prepared by the Engineers Joint Contract Documents Committee. Page 1 of 2 1. Bidder and Surety, jointly and severally, bind themselves, their heirs, executors, administrators, successors, and assigns to pay to Owner upon default of Bidder the penal sum set forth on the face of this Bond. Payment of the penal sum is the extent of Bidder's and Surety's liability. Recovery of such penal sum under the terms of this Bond shall be Owner's sole and exclusive remedy upon default of Bidder. 2. Default of Bidder shall occur upon the failure of Bidder to deliver within the time required by the Bidding Documents (or any extension thereof agreed to in writing by Owner) the executed Agreement required by the Bidding Documents and any performance and payment bonds required by the Bidding Documents. 3. This obligation shall be null and void if: 3.1 Owner accepts Bidder's Bid and Bidder delivers within the time required by the Bidding Documents (or any extension thereof agreed to in writing by Owner) the executed Agreement required by the Bidding Documents and any performance and payment bonds required by the Bidding Documents, or 3.2 All Bids are rejected by Owner, or 3.3 Owner fails to issue a Notice of Award to Bidder within the time specified in the Bidding Documents (or any extension thereof agreed to in writing by Bidder and, if applicable, consented to by Surety when required by Paragraph 5 hereof). 4. Payment under this Bond will be due and payable upon default of Bidder and within 30 calendar days after receipt by Bidder and Surety of written notice of default from Owner, which notice will be given with reasonable promptness, identifying this Bond and the Project and including a statement of the amount due. 5. Surety waives notice of any and all defenses based on or arising out of anytime extension to issue Notice of Award agreed to in writing by Owner and Bidder, provided that the total time for issuing Notice of Award including extensions shall not in the aggregate exceed 120 days from the Bid due date without Surety's written consent. 6. No suitor action shall be commenced under this Bond prior to 30 calendar days after the notice of default required in Paragraph 4 above is received by Bidder and Surety and in no case later than one year after the Bid due date. 7. Any suitor action under this Bond shall be commenced only in a court of competent jurisdiction located in the state in which the Project is located. 8. Notices required hereunder shall be in writing and sent to Bidder and Surety at their respective addresses shown on the face of this Bond. Such notices may be sent by personal delivery, commercial courier, or by United States Registered or Certified Mail, return receipt requested, postage pre -paid, and shall be deemed to be effective upon receipt by the party concerned. 9. Surety shall cause to be attached to this Bond a current and effective Power of Attorney evidencing the authority of the officer, agent, or representative who executed this Bond on behalf of Surety to execute, seal, and deliver such Bond and bind the Surety thereby. 10. This Bond is intended to conform to all applicable statutory requirements. Any applicable requirement of any applicable statute that has been omitted from this Bond shall be deemed to be included herein as if set forth at length. If any provision of this Bond conflicts with any applicable statute, then the provision of said statute shall govern and the remainder of this Bond that is not in conflict therewith shall continue in full force and effect. 11. The term "Bid" as used herein includes a Bid, offer, or proposal as applicable. EJCDC® C-430, Bid Bond (Penal Sum Form). Published 2013. Prepared by the Engineers Joint Contract Documents Committee. Page 2 of 2 BID FORM TO: Hutchinson Utilities Commission Hutchinson, Minnesota FROM: Bidder's Name Hitachi Energy USA Address 901 Main Campus Drive, Raleigh, NC Pursuant to and in compliance with the Advertisement for Bids and the Instructions to Bidders relating thereto, the terms of which are incorporated herein by reference thereto, the undersigned as Bidder offers and agrees, if this offer is accepted, to furnish and deliver the equipment and materials in strict conformance with the Specifications forming a part of these Contract documents and in accordance with following Addenda for the sum indicated on the following bid schedule. Addendumw 4 1. The prices set forth herein do not include any sums which are or may be payable by the seller on account of taxes imposed by the State of Minnesota upon the sale, purchase or use of the equipment. If any such tax is applicable to the sale, purchase or use of the equipment, the amount thereof shall be paid by the Owner. b 2. The prices included herein are firm without regard for time of delivery, increase in cost from Bidder, or any other factor. Note: the Owner may accept non -firm Bids that are presented as subject to metals escalation, tariffs, or similar provisions. If pricing of that nature is provided, a clear description of how pricing adjustments will be made shall be furnished, including metals base prices, pricing indexes, and quantity of metals to be supplied. See Instructions to Bidders for applicable criteria. 3. The price of the equipment set forth herein shall include the cost of delivery to the job site and offloading, assembly, and field testing as set forth in the Specifications. The guaranteed delivery date of the transformer shall be included in this Bid. Field testing of the transformers shall be completed no later than fifteen (15) days after delivery. a 4. Title to the equipment shall pass to the Owner after all required field testing has met the requirements of the specification and the test results have passed the requirements. 5. This bid is void unless a materials Contract based on this bid is entered into by the Owner and the Contractor within thirty (30) days after the date hereof. P:\04\285\09\Doc\Spec\Xfinr\Hutchinson MN Pwr Xfmr Plantl Spec 428509.docx BF-1 BASE BID FORM FURNISHING 115 / 13.8 kV POWER TRANSFORMERS - PLANT 1 SUBSTATION HUTCHINSON UTILITIES COMMISSION HUTCHINSON, MINNESOTA SECTION 6: POWER TRANSFORMER PRICING The Bidder, being familiar with all the details, conditions, and requirements hereby proposes to furnish power transformers with load tap changer and other accessories as specified with the following maximum guaranteed loss characteristics according to the following amounts. The Contractor shall provide a Base Price according to the specified capacity ratings (MVA). Base Bid Price Each Item Number Quantity Description 115 kV Delta to 13.6 GRDY/7.97 kV 25/33.33141.67 MVA at 551C 28/37.33146.67 Total (Quantity" Base Pride) MVA 65°C, ONANIONAF/ONAF 6A 2° Base Price (Including Transportation) $ 2,579,100 $ 5,158,200 2°° Pigging, Offloading, Crane . 4,I $ 57�,200°(estimated) $ $ 05,400 (estima d) F6D6B 2°° Field Services (Assembly & Testing) $ 63,700 $ 12 400 2Contract Price (6A + 613 + 6C) i p � ��: , 2,°7°00�000°° $ 5,4 0, 000 SECTION 7: PRICE EVALUATION INFORMATION The Contractor shall provide the following guaranteed maximum loss (kW) Information for the Owner to complete evaluation of the PropoS s. T Owner will evaluate Proposals based on the Contractor's ability to meet the schedule and technical requirements of the specifications. Base Bid Price Each Item Number Quantity Description 115 W Delta to 13A GRDYl7.97 kV 26133.33/41.67 MVA at 55°C 28/37.33/40.67 T I (Quantity B se Price) MVA 65-C, ONAN/ONAF/ONAF 7A - -No Load Lass, 20°C (kW) 20.0 7B Total loss @ base MVA, 75°C (kW) 99.6 7C - Load loss (7B - 7A) (kW) 79.6 7D Contract Price (6D) 2 o,95,:��PUPU00 $ 2�°700,000° $ �,400,0010 7E 2.., (7A) x $10,750.00 = $ 215, 000 $ 430,000 7F 2.. (7C) x $640.00 = $ 50,944 $ 101,888 7G 2.., Total Evaluation Price (7D + 7E + 7F) $ Z..i965°944° 5,931,888 P:\04\285\09\Sprdsht\Bid Form_Xfmr 428509.xlsx BF-2 BASE BID FORM FURNISHING 115 / 13.8 kV POWER TRANSFORMERS - PLANT 1 SUBSTATION HUTCHINSON UTILITIES COMMISSION HUTCHINSON, MINNESOTA SECTION 8: SUPPLEMENTAL PROPOSAL INFORMATION The Bidder shall provide the following information for the Owner to ensure the delivery, transportation and other requirements of the Specifications are met by the Bidder„ Liquidated damages apply to delivery and installation requirements, Base Bid Specs Each Description 115 kV Delta to 13.e GRDYR.97 kV 25133.33/41.67 MVA at 55°C 28137.33/46.67 MVA WC, ONANIONAFIONAF Guaranteed Sound Levels (dB): 71 / 7 3 / 7 4 dBA Guaranteed Auxiliary Losses (kW): 5.7 Weight" Core and Coils (lbs.): 59,100 Weight, Tank and Fittings (lbs.): 38,400 Weight, Oil (lbs.): 51,700 Weight" Total (lbs.): 149,500 Oil Capacity (gaQ: 6,900 Dimension, Height (in.): 205 Dimension, Width (in,): 253 Dimension, Depth (in.): 189 Manufacturer and Manufacturing Location: Crystal Springs, MS39059 Guaranteed Delivery Date (MM / DD I YYYY): Warranty duration included with Bid Price: Truck or Rail Delivery": Truck Circular Layer: Circular Core & Windings 'aWindtngMaterial and Type: Cu,LV:helical, HV: disc, RV: double loop layer Shipped with or without oil"": With O i l Supporting documents attached: Attachmonls to this Bid: The following documents are submitted with and made a condition of this Bid. Indicate 'yes" or "ncr"" for each item included with this Bid Form, All items are required for this Bid. Recommended Spare Parts and Price List attached (Y/N): Performance Bond included in the Base Price (Y/N): " If rail delivery is used, the Contractor shall furnish transportation and loading of the transformer from the appropriate rail siding to the job site. - If the unit is to be filled in the field, the cost of performing this task shall be included and completed by the Firm after delivery:. All materials shall be F.O.B., Hutchinson, Minnesota, P:\04\285\09\Sprdsht\Bid Form_Xfmr 428509.xlsx BF-3 REQUIRED ALTERNATE BID FORM FURNISHING 115 / 13.9 kV POWER TRANSFORMERS - PLANT 1 SUBSTATION HUTCHINSON UTILITIES COMMISSION HUTCHINSON, MINNESOTA SECTION 9: POWER TRANSFORMER PRICING The Bidder, being farn'Vli,pr with all the details, conditions, and requirements hereby proposes to furnish power transformers with load tap anger and other accessories as specified"%lith the following maximum guaranteed loss characteristics according to the following amounts. The Contractor shall provide„,a Base Price according to the specified capacity ratings (MVA). Required Alternate Bid Price Each Item Quantity Description 116 kV Delta to 13.6 GRDYl7.97 kV Number 22.3129.7/37.2 MVA at 55*C 25133.33/41.6 Total y (Quantity * Base Price) MVA 65°C, ONAN/ONAFIONAF 9A 2 Base Price (IncludinUy ransportatlon) $ 2,511,900 $ 5,023,800 9B 2 Rigging, Offloading, crane''"„, $ 57,200 (estl ated) $104,400 9C 2 Field Services (Assembly & Testlrig� $ 63,700 $127,400, 9D 2 , Contract Price (9A + 9B + 9C) = $ 2,62 ,800 $ 5,255, 600 SECTION 10: PRICE EVALUATION INFORMATION The Contractor shall provide the following guaranteed maximum loss (kW) i,,Rp ormahgn for the Owner to complete evaluation of the Proposals. The Owner will evaluate Proposals based on the Contractors ability to meet the scheduI end technical requirements of the specifications. Requlred""ternate Bid Price Each Item Quantity Description 115 kV Delta,to 13.6 GRDY17.97 kV Total Number 22.3/29.7/37.2 WA at 65*C 25133.33/41.67 (Quantity * Base Price) MVA 65*C, Ott"AN/ONAF/ONAF " 10A **No Load Loss, 20*C ( ) 18.9 10B - Total loss @ bas VA, 75*C (kW) 88.5 10C - Load loss B - 10A) (kW) 69.6 10D 2 Cont ct Price (9D) $ 2,627,800 $" ""' " 5,255,600 10E 2 10A) x $10,750.00 — $ 203,175 $ 406°I 50 1OF (10c)x$e00.00 = $ 55,680 $ 111,366" 1013 2 Total Evaluation Price (100 + 10E + 10F) _ $ 2,886,655 $ 5,773,310 P:\04\285\09\Sprdsht\Bid Form_Xftnr 428509 ALT.xisx BF4 REQUIRED ALTERNATE BID FORM FURNISHING 115 / 13.8 kV POWER TRANSFORMERS -PLANT 1 SUBSTAI HUTCHINSON UTILITIES COMMISSION HUTCHINSON, MINNESOTA SECTION 11 'VIUPPLEMENTAL PROPOSAL INFORMATION The Bidder shall prbyide the following information for the Owner to ensure the delivery, transportation and other requirements of the S(apcifications are met by the Bidder. Liquidated damages apply to delivery and installation requirements. Required Alternate Bid Price Each Description „ 115 W Delta to 13.8 GRDYl7.97 kV 22.3129.7/37.2 MVA at 55°C 25133.33/41.67 MVA 65°C, ONAN/ONAF/ONAF CiwaraiNWW Sound Levels (dB): 71 / 7 3 / 7 4 dBA Guaranteed Auxiliary Losses (kW): 4.0 Weaght„ Core and Coils (lbs.): 57,800 Weight„ Tank and Fittings (lbs.): 36,0 0 Weight, Oil (lbs.): 5 , 10 0 Weight, Total (lbs.): 4 4, 200 eOtt Capacity al. P tY (gal.): 6,680 Dimension, Height (in.): 201 Dimension,. Width (in.): 256 Dimension, Depth (In.): 189 Manufacturer and Manufacturing Location: Crysta springs, MS Guaranteed Delivery Date (MM I DID / YYYY): Wevfar y duration included with Bid Price: Truck or Rail Delivery: Truck CircularLayer: Circ ar Core & Windings Winding Material and Type: Cu, L :Helical, HV: disc, RV: double loop layer Sh pped,, with or without oil'": i t h O i l Supporting documents atta fed: Attachments to this Bid• he following documents are submitted with and made a condition of this Bid. Indicate "yes' or "no" for each Item In led with this Bid Form. All Items are required for this Bid. ommended Spare Parts and Price List attached (Y/N): Performance Bond included In the Base Price (Y/N): If rail elivery is used, the Contractor shall furnish transportation and loading of the transformer from the appropriate rail �t ing to the job site. If the unit is to be filled in the field, the cost of performing this task shall be included and completed by the Firm after delivery. All materials shall be F.O.B., Hutchinson, Minnesota. P:\04\285\09\Sprdsht\Bid Form_Xfmr 428509 ALT.xlsx BF-5 Firm Pricing (Y/N): Y If no, is applicable documentation included (Y/N): Bid Security Enclosed (Y/N): Y The undersigned bidder certifies that this bid is made in good faith without collusion or connection with any other person or persons bidding on the work. The undersigned bidder states that this bid is made in conformity with the Contract Documents and agrees that, in the event of any discrepancies or differences between any conditions of this bid and the Specifications, the provisions of the latter shall prevail. Dated this 10 day of April 112026. Bidder Hitachi Energy USA Address 901 Main Campus Drive, Raleigh, NC, 27606 Authorized Officer: St nod br„ Signature moo 7EBB41DB30504E2,,, Print Title Tenderin and Pro osal Mana er Phone +1 (919) 802-8074 E-mail joseph.ness@hitachienergy.com Contact for Contract Document Processing: Name Andre 7ohnson Phone +1 (769) 2317933 E-mail andre johnson@hitachiener v.com Contact for Order Status Updates: Name Andre Johnson Phone +1 (769) 2317933 E-mail andre.johnson@hitachienergy.com P:\04\285\09\Doc\Spec\Xfinr\Hutchinson MN Pwr Mmr_Plantl—Spec 428509.docx BF-6 q"�.��:°nuu^ �urrlid 'onu�(�]4u on�ns any. q.�i��nnp�n�.��. un7� Liu�� 'II�uV�.��:°u�ui ��,:°�.�.nuu�.:rrn�� un��.'p;u�.i II"�°�'r�u�r^,,��.l � "i�un°ui��nq.-�uuu��rrn��u', ,a h(11,4. dal,'-:unri n ils sup n^,,cdc any and all c-onn°Rhc-Lory Lcn°rru:is" HITACH Offer Number: OPP-26-7392216 REV00 REV01 Revised FD 4/6/2026 Date: March 31, 2026 To: Hutchinson Utilities Commission Subject: Installation of One (1) Hitachi Energy Transformer, (item 1) 25/33.3/41.6 MVA with OLTC (Item 2) 22.3/29.7/37.2 MVA With OLTC. Manufactured in Crystal Springsf Mississippi. Hutchinson Substation: 44 4th Ave. N. Hutchinson, Minnesota, Hitachi Energy USA Inc. (Hitachi Energy) Transformer Service is pleased to supply the following scope of work in support of our customer's transformer needs. � e s SECTION 1- Scope of Work SECTION 2 - Pricing SECTION 3 - Clarifications SECTION 4 - Exclusions SECTION 5 - Performance SECTION 6 - Terms & Conditions EXHIBIT A - Rate Sheet 1ZUL9520-001 EXHIBIT B - Hitachi Energy Terms and Conditions The Valle f Hitaghl Energy Transformer Service Hitachi Energy Transformer Service is the worldwide leader in the design, manufacture, and service of power transformers. With unparalleled resources, Hitachi Energy's transformer field service organization is supported by a network of research and development facilities, field service engineers, transformer design experts, and material scientists able to meet the strictest standards in terms of timeliness, quality, and technical requirements allowing our customers to enhance their efforts, resources, and manpower. Our skilled, professional workforce separates us from the competition. The personnel employed by the Hitachi Energy Transformer Service organization have an average work experience in excess of 25 years in the power transformer industry. These skilled craftsmen, most with extensive experience in transformer manufacturing facilities, service hundreds of transformers annually. These transformers range from 500'kVA to 1000MVA with voltages from 480V to 765kV, including all types of distribution and power transformers, in addition to HVDC converter transformers, phase -shifting transformers, rectifier transformers, as well as arc furnace, network distribution, and other industrial transformers. This document contains proprietary information and may not Hitachi Energy USA Inc. Transformer Services 13695 RiderTrati North, Earth City. MO 63045 Phone: 1-800.290-5290 www.hitachienergy.com *Hitachi Energy be d/sclosed to others wlthoutpermiss/on from Hitachi Energy. Ca"nsite Insta lation Services Offlo s l a Tes 1 it SECTION 1 - Scope of Work (Item 3) Provides the Offload of one 1 transformer, via overhead crane, as listed below, with an approximate shipping/offload weight shown below: Estimated Maximum Shipping Weight: (Item 1)137,600 lbs. (Itorn2)134j700 [briv Mg gffiqod can onty be made it of HftAchl EngWy_I2zJgn I r ,g The shi by Hitachi Energy's approved crane ai3g riggin service, Pricing for offload onto the final foundation via crane (pick & place) has been estimated utilizing the following site conditions: • The road into the substation will handle the weight of the loaded transport vehicle and that no civil work would be required for the safe and efficient movement of the transformer to its concrete pad. • The area around the transformer pad has compacted ground which would support the loaded transporter & no additional materials or cribbing would be required at transformer foundation. • Assume unobstructed access above and below ground along route and on the customer's property. • Transporter can be positioned parallel and adjacent to the foundation, with a crane radius of 25' or less, rotation of the transformer is not included. • Assume the transformer pad is between 1 - 2 feet above grade level, without fire walls around the pail or oil containment walls above 30 inches tall. • Work would be performed Monday through Friday, normal 8-hour workdays. No weekend or holiday work has been included. • Any customer mandated holds or imposed delays on the rigger will be charged at hourly rate of $800.00 USD per hour. This price also includes unloading the detail removed for shipment parts. • This unit has been quoted to offload to foundation via crane, if the jack slide method is found to be the more preferred method, the price will be null and void pending new quote by rigger. • Positioning of the subject transformer will be the responsibility of others. • Does not include Trans loading. • Traffic Control and Road Closure by others, not Hitachi Energy. • DOT permits, Lift Plans, PE Stamps and Third -Party crane inspections are not included. These can be provided at additional cost. • Customer to provide qualified signal person. • Presence of a Hitachi Energy technician is not included in the price for the offload. a Note: If offloading is not purchased, rigging, crane costs, and arrangements for offloading, as well as positioning of the subject transformer onto the pad will be the responsibility of others. (Item 4) Provides onsite Assembly, and Electrical Testing for Hitachi Energy Transformer. (Items 1 Note: All work would be conducted in accordance with Hitachi Energy instruction leaflets for assembly and processing procedures. Should the customer choose not to accept these procedures, please notify Hitachi Energy Transformer Services and specific modifications to the work scope can be discussed. Hitachi Energy Transformer Service crew and equipment will mobilize to site and then proceed to perform the Instillation once the Transformer has been placed on the permanent transformer foundation. All tests Page 12 and inspections will be performed on de -energized, isolated (and grounded) Transformer, free of any customer connections. Pre- • Insulation Resistance (core) • BCT ratio and polarity in bushing turrets before installation (If applicable) • Bushing Power Factor testing before bushing Installation. -s e by • Unpack/uncrate the accessory items that were removed for shipment. • Inventory parts and check for damage. • Mount and Install cooling equipment. • Install high voltage, low voltage, and neutral bushings/turrets and internally connect. • Mount Conservator Tank (if applicable) • Mount Control Cabinet and Wire (If applicable) n tion: • Transformer Turns Ratio (TTR) in all Tap positions. o Not applicable for Shunt Reactors • Winding Resistance (per factory CTR) • Insulation Power Factor and Capacitance - Overall Windings • Insulation Power Factor and Capacitance - Bushings (C1&C2) o Bushing Hot Collar Test if Capacitance Taps Not Available • Insulation Power Factor and Capacitance - Arrestors (If applicable) • 10kV Excitation • Doble SFRA (One tap position only) • Insulation Resistance - Megger Windings • Insulation Resistance - Megger Core Ground • Current Transformer (CT) - Ratio, Polarity, Saturation, and Megger • Perform functional checks of alarms & gauges (at transformer control cabinet) • Oil tests at receipt from refinery and after filling o Moisture Content (D1533) o Interfacial Tension (D971) o Dielectric Breakdown (D1816) o Power Factor (D924) o Dissolved Gas in Oil Analysis (DGA - D3612) • Provide formal written report of field test results Note: Hitachi Energy takes exception to any test(s) not referenced above. • Clean area and call off all rental equipment. Digital Test Reports Will be provided to the Customer within ten (10) business days, post project completion. dlta�hi,Engrov will Provicke,,JhgEaUiDment • Crane with, operator • Forklift • Manlift • Dumpster • Oil Containment • Sanitation Facility Page 13 170 (Item 5) (Receiving Inspection) (Items 1 Visual External Inspection, to include, but not limited to: Inspect for damage M Record Gauge Readings Check for Leaks (Fluid Filled) SECTION - Pricing Execution Unit Price Extended Item Qty. Description Year (USD) Price (USD) Estimated Estimated Offloading of One (1) Transformer to Pad* Price Price 3a (Item 1) 2029 $52,700.00 $105,400.00 2 MID: 1LAD000028 HAULCS Actual will be Actual will be CID:9AAF408046 invoiced invoiced Cost + 20% Cost + 20% Estlm„g„ imated Offloading or t o Pad °°°°�°°°� Price Price 3 b (it m 2029 52,700.00 $105,400.00 e �„ij°'Ooze f IAULmer l C5 Actual will be Actual will8be CID:9AAF408046 invoiced Cost + 20% ° Assembly, and Testing of One (1) Liquid Filled Transformer 4a (Item 1) 2029 $63,700.00 $127,400.00 MID: 1LAD000028CS CID: 9AAC30404212 Assembly, and Testing of One (1) Liquid sfO 4b e �,,,,,,,,,„ 2029 $63,700.00 $127,400.00 ID:1LAD000028 CID: 9AAC304042'12 Receiving Inspection 5a (Item 1) 2029 $11,800.00 $26,600.00 MID: 1LAD000028_TA CID: CID: 9AAF403324 in Inspection 5b (item �� $ 11,800.00 $26,600.00 bzs TA CID: CID: 9AAF403324 Pricing is valid for 30 days for project execution based upon the above execution date. Execution beyond the end of 2029 would require re ricing, Price is based on the performance of the Scope of Work (SOW) outlined in SECTION 2 only, and does not reflect any other specification or SOW. Any change in SOW Including weather and/or customer -imposed delays that are not identified in SECTION 2 would be invoiced per the published Hitachi Energy Field Service Rate Schedule, 1ZUL9520-001 at time of execution. Cancellation Schedule Cancellation or Re -scheduling within thirty (30) days of the planned 10% of the applicable line commencement of any Service Work item Cancellation after Mobilization 100% of the applicable line item * The above price is an estimate only, based on the assumed offload & site conditions specified above,. Firm pricing can only be provided upon a site walk by a Hitachi Energy representative or Hitachi Energy's contracted crane and rigging provider after the issue of transformer drawings. Page 14 P HITACHI SECTION 3 - Clarifications • One (1) hour of site -specific safety orientation is included. Any additional customer -required training will be invoiced per Hitachi Energy Field Service Rate Schedule,1ZUL9520-001 dated at time of execution • Price is based on the performance outlined in the work scope of this document. If customer has specification that must be followed, then quote would need to be revisited. • Purchaser accepts and assumes full responsibility for the resolution of any/all labor disputes regarding union representation/work jurisdiction, including responsibility for all costs incurred in connection with such disputes. • Hitachi Energy intends to utilize its own personnel and equipment, however, if scheduling conflict occurs; Hitachi Energy reserves the right to hire subcontractors to assist with the work.\ Hitachi Energy considers this work specialty craft and is performed by factory trained personnel. Price is contingent upon using Hitachi Energy personnel and Hitachi Energy contracted 3rd party personnel only,. • Union labor and prevailing wage not included. If this is required, then this quote would need to be revisited. • Any special customer required site -specific safety related equipment or clothing will be invoiced at cost plus 25%. Client also has the right to provide all of the special safety equipment including FRC clothing. • Any delays beyond the control of Hitachi Energy, including weather, would be charged according to, Hitachi Energy Field Service Rate Schedule,1ZUL9520-001 dated at tirne of execution. • Customer forced delays and / or additional work requested by the customer would be charged in accordance with Hitachi Energy Field Service Rate Schedule,1ZUL9520-001 dated at time of execution. • Price does not include any state, local, or federal tax that might apply. • The SOW does not-if)gLudg the commissioning or programing of any electronic devices that is supplied or mounted on the unit. Those activities would fall to the OEM of the devices. • Hitachi Energy has not included any operation or maintenance training as part of this quote. Training, should be supplied by the supplying factory. • Hitachi Energy assumes the detail parts will already be positioned adjacent to the transformer by others and no further than 100ft away, if not additional charges may apply for additional time onsite moving parts closer to transformers. • Hitachi Energy Proposal is based upon Hitachi Energy standard policies and practices. Exception is taken to any customer supplied documents. • Receiving Inspection: For safety reasons, our client is to provide one person, certified in CPR and First Aid. This person will be required to be on site in case medical attention is required, the entire time our service engineer is performing the work defined in this quotation. Inspection will be made from ground level. SEC�'ION - Exclusions The following activities will be excluded from our proposed scope of work and will be performed by the purchaser: • Switching, lock out, and grounding of any equipment necessary to establish safe work area. • Disconnect and reconnect all external protection, control, and relay wiring, as required. • Supplying suitable compacted, free, clear, and unrestricted access to route, roads, site, and area around foundation for movement of Hitachi Energy equipment and personnel. • Provide 55-gallon drum for disposal of oil and another 55-gallon drum for disposal of oily rags. Also, disposal of both drums. • Connecting all external customer controls and relay wiring to main control cabinet. 6 • Assembling any free-standing structures and mounting structure around transformer. • Connecting all external bushing terminations or bus work to customer system. • Assembling any deluge systems. • Anchoring of Transformer. • Anchoring of HV Arrestors Station pedestals (If applicable) Page15 • Anchoring of Radiator Stand-off pedestals (if applicable) • Installing Removable base or Plinth (If applicable) • Installing Sound Enclosure (If applicable) • Installing Permanent Transformer Cover (if applicable) o This can be performed but will be additional price. a • For Item 5, Receiving Inspection, purchaser to supply either a suitable ladder or man -lift for access to transformer cover. SECTION 5 - Performance Note 1(Offloading) - Work is quoted based on the crane being able to set up, unload, tear down and return home in one (1) 8-12-hour day. Note 2 (Installation) - Work is quoted upon Hitachi Energy crew working 7 days a week, 8-12 hours per day. Estimated time on site is four (4) consecutive days per transformer. Note 3 (Receiving Inspection) - Work is quoted upon Hitachi Energy technician working 8 hours per day. Note 4 - Pricing is valid for 30 days for project execution based upon the quoted execution year. If the execution year is extended into the next year, then this quote would need to be re -visited. Y Note 5 - This document must in its entirety be made part of any contract or purchase order. Note 6 - Notwithstanding anything herein to the contrary, in no event shall customer be entitled to request any amendments to the field schedule, unless said amendments are made in writing at least fourteen (14) days prior to Hitachi Energy's commencement of work at the customer's site. In the event that customer makes a request for a schedule change in the aforementioned delay of at least thirty (30) days prior to the commencement of work, Hitachi Energy shall be entitled to recover the amount of 10_0/o of the contract amount as compensation for each schedule change. SECTION k - Terms and Conditions This proposal is valid for 30 days from the quotation date, unless otherwise authorized by Hitachi Energy USA Inc. The following terms and conditions will apply. 1. Payment is due net. 30 days from invoice date. 2. Hitachi Energy's proposal is based exclusively on Hitachi Energy - General Terms and Conditions of Sale included with this proposal. However, should Hitachi Energy be selected for further consideration for this work, Hitachi Energy is certainly willing to engage in negotiations to arrive at a mutually acceptable agreement on terms to be applied to this work. 3. The Hitachi Energy Offer Number, OPP-26-7392216 REV01 in its entirety must be made part of the Purchase Order. 4. The PO must be made to the new entity name, Hitachi Energy USA, Inc. 5. Service work quoted herein is not subject to Liquidated Damages. 6. Note the following new clause, as applicable to this offer: a. The Parties acknowledge that the Russia -Ukraine Situation is affecting or may have an adverse impact on Hitachi Energy's ability to perform the scope of work including but not limited to price increases, transportation and logistics constraints, shortages and price increases in the procurement of products and commodities (e.g. copper, aluminium, steel, oil and gas). I. "Russia -Ukraine Situation" means (1) the conflict between Russia.. and Ukraine which began on or around 24 February 2022 and/or (2) any, other or further conflict which may arise out. of or in connection with the same and/or (3) any economic and other sanctions Imposed by, amongst others the United Nations, U.S., EU, UK, Japan Switzerland or any agency or authority against Russia, Russian entities and individuals, Russian goods, products, services, technology which may arise out of or in connection therewith, and/or (4) any economic and other sanctions imposed by, amongst others the United Nations, U.S., EU, UK, Japan Page6 Switzerland or any agency or authority thereof against any other country, entities and individuals, Russian goods, products, services, technology which may arise out of or in connection therewith; b. If the Russia -Ukraine Situation continues affecting, will or may have any adverse impact, whether direct or indirect, on Hitachi Energy's ability to perform the scope of work in accordance wih its terms, the Parties shall, if so requested in writing by Hitachi Energy, negotiate in good faith and agree without delay reasonable amendments to the terms and conditions of the contract, including, but not limited to, revisions of the schedule and/or any increase in the contract price. c. In the absence of such agreement, Hitachi Energy shall, if it suffers delay and/or incurs additional costs due to any direct or indirect impact of the Russia -Ukraine Situation, in any case be entitled to an extension of the time for completion and compensation for any additional costs. 7. Notwithstanding anything in this Contract to the contrary or otherwise, if after submission of Seller's firm Offer, the is a Change in Law, as defined herein, which affect Seller's performance of the Contract including but not limited to cost and/or time, Seller shall be entitled to an equitable adjustment to the Contract to: (i) the date of delivery or provisional acceptance, (ii) the Contract Price, which shall be increased by way of an added surcharge to compensate the Seller for any increase in costs, or (iii) any other of the Seller's commitments or obligations taking into account the impact of such change in law. For purposes of this provision, "Change in Law" means any change in any Applicable Laws or Applicable Codes and Standards as in effect on the Effective Date, including the enactment, adoption, promulgation, implementation of laws passed but not yet effective or imposition of any new Applicable Laws with substantively different terms, or change in the application or in the interpretation by any governmental authority of any Applicable Laws after the Effective Date. Any tariffs/custom duties, import/export restrictions or embargoes that may result from any executive orders, proclamations or other Applicable Laws that have been or will be issued after January 20th, 2025 shall be considered a 'Change in Law' event and entitle Hitachi Energy to equitable adjustment of cost and price and extension of time of performance. 8. The Warranty Remedy Period for new spare parts shall end twelve (12) months after date of shiprr'ent. The Warranty Remedy Period for refurbished or repaired parts shall end ninety (90) days after date of shipment. The Warranty Remedy Period for Services shall end ninety (90) days after the date of completion of Services. We thank you for the opportunity to offer this proposal and look forward to working with you on this project. We welcome the opportunity to speak directly with you concerning our proposal or other transformer service needs. Please feel free to give me a call anytime should you have any questions., Thank you, Frank Delaney Proposal Engineer 13695 Rider Trail N Earth City, Missouri 63045 Mobile: 314-753-1871 E-mail: frank.delaney@hitachienergy.com www.hitachienergy.com Page 17 A ReLd Service Rate Sheet .p T I IsuL:l'ri Erie �PaS isiu. rruai�r arrr7w cxmi:4 art* MA adj° Irdumd it Cd 'rervm�rlLeis, AIV, Iw„wrtwrr�r 'harm %Mf'V% ":arrw" +ev'.rofl.wTI- tam wuvide tecivtwrl t uU[,A , em it ee•Irug sF:udnz' vw :wllrwy tr :tll xr, if%prA-'rai6Ttl, trdcrea die tfrrraltura A auarrru bsrsir strrt'LV, rlydiVA*rWlr.e„ twN rww;;�fwsL tftl'V0Let Cr eW—Lkkod vtpa�v4%41ua" r1=3 elygillfaetu drrri tL""tkily- tunrt Ora cLiud:fittd Oro C:'avteguaelt:".r�� dip ftvdelrt a vrr the C*Vtm of edeutvettcse ,Slid cxdtl'PlraxrlY ,�1 Idne sat�twr,ce rttkprd�rv'ati. 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Daity rate aFtplpes I- aJ Iwme wC.v;ked Ot LidveWd dutrtg at nuurrm4i tri d- hour w ctPdayr. The Witt is del'iraed ,aa ~ttutrwt ctenettrtjVe relypl"F JO) p vrsvar' mviue7 1OW' May to I'toddv, extUxii V auidaWS) With fort :dludna'rsa ere tCC Ilui%] I o 2. jjnstf rdle (tifr^;+e arm a 1v.alt)� ,apv;AL,% tra aV, Isar worked ur Ira^.rinard in erxx +mint twemam ee'I WMALIA es amd kite OU e91 i to a % .rxuLw,t ra s tku'w ay rate jthyAym liete) ,uap,epLtu, to tetra, Ids, wwk . lrav an &wpdaVs. Pialtriaya, auxd in s oP elyht I oust ivL Sabcdo. t Iraaitp' sawgy^'s ;iLyr is wa ream VIVW ^ev bf tdxd4are 12G, v lfa y prier c °; pen ;.lel arlrr5 ttLawrd ty t"raLrmtxl trades. Urrget LIdI tafr Ull'tntarrLtr*h, ,and wra M' 'WWI 1,61404 Mttvyyw 7:'U W err'Iet,L 4PPITO .. ti-M, slUkritini wtk wort% may Lie- extwide l ILr Mxleeaaw f11 wwdwaek,svg, houm met dA , per pen4wi hVv t stitlg trdrei. 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Amisite T ilenxaee tetPuwtn! 3 MdnLe to be PfVVOLe,,d :w u6 Cl AV Vl l&JJVJC-Y ei I'dc (81: hours WV- part pvt day. nrn,.rarr tuL�r f4t trouts rural 5 fw ut daatyt rew v Afl ripe„Ayr„ et T :1 -2 - r , SpecinUst Rates HaLitv® rw" v ROOM sum"r, ,Will „mat el x wr' PW a Pt {3u ILIA k u I t➢,� 9.t vi $ W nt.d d cusa ii 21 tl."; aaf 14A V i,dt scamp,, »,^w�is �ladl� 'a. Me fiwvb w Aid 140 ltw0.ifid OMdWw. ow table Smahm swa,aa tCtrwm-ar i.''O .r a- 'w si4iw V. R ifmnv..ta ia*.Ow L�.a"wtr rd;au sia?s�a� trrtr" �a9vrtlmwaw+ Lea Iwwawawrma4t fFau arwrw,�nrmar ;Carr �, �,^uaw,aada'N:,Sduwwdk:LwAMYA l�l ctl,u.naa L.L i•hLoa "i°.nm «bsw.ai f Spa Iirnnri�rataw^r hvozwf lure m .mtNP.A` ,9tlt*k Pserel' of hwwllib ax setwces fronts t- %takhU udlrtlwrt "week r' !ride a'- exprel*4dlrie Irtu-*' %weal Ire laud d At `Curl OLM& aL ILarelthN ct tacgpt t•kwt lc,m w K L eed 30%. 61 SpedaL T*o6 rvrrtl Ecitlipment FLordOmd by "ltarclti. A rv% W. L I wo gew iwd beeurwardefaaw* I tjA4dAbztbd tuuds, tnT�Jp llftrg and itred'ttr rrretv1b. n0ef to fti l tii Energy USA hlc. FilMd Ssrwiue CuLipetr rr, PUIVUE COMPAny Ve"CieIiMGi flatLre Tint: ct t wrf rrilu.Lyr; Cut frantpa;aarry +axrlricim, tzv u4io to and fremlt tlee siamlad ;x Ifte Mi. W 1.rll1=1t at ,r rdte & V" 5/rrro,e" Arid $250tdt w , ORProessilsirgTntilm The daily we Rut ar mil pr-x-Lftwl,g uditto rrwif. be Ialltr7Ld;at �r2o�1„atrr Ll.a ifrtacpLtrL»td. p+al�liathuara:'!�ut�w:i��ae4amtCtewr t.awdlN.R txlJW,st cv raLa of 54 5 per vlke se rf rinraray. "d"'ire. ut4e ref rift:il proroamiry to AUL Iwpuiw a Wait duLr Of Mee &e rs+alrlet, awlverer"r IVOO of Lim four arivaL be "ta thi Erreagyl� Site M VatteWSendem MW Maartayer"s arutl CwTarairfitici Mwwgers w I lriktr li a t tl I L"lasa II 16- 7 r rllldclti Cow: fa USA Irg.. etme,-ret'urs, d ai C"ors&icar Sage ^awt'v APPrIf wvurtr nu: "meta aftAt"ad Cattr^rtes we lLt aefteCd " twat yry w � r ICaLuuts Prkrtedin 202sC4.01 tiolrl".ight 0 1-111=1f, Ltd. .Altriyl-9s rerd. Terms and Conditions Governing the Sale of Equipment and Services Within the United States - Hitachi Energy USA Inc. Hjtac i er n . E AND Tr c 1. Preamble and Precedence These terms (the "Agreement") govern the sale of Equipment and the provision of Services by Hitachi Energy USA Inc., ("Hitachi Energy"), to the purchaser ("Customer"). As used in this Agreement, "Equipment" means all equipment, parts, and accessories, and "Services" means all labor, technical, engineering, installation, repair, consulting, or other Services Hitachi Energy agrees to provide. In the event of any conflict, the order of precedence shall be as follows: (d) the terms set forth in Hitachi Energy's proposal, including any incorporated technical specifications or commercial terms; (ii) this Agreement; (III) any written addenda or amendments agreed by the parties; and (iv) the Customer's purchasing document. Additional or conflicting terms are not binding on Hitachi Energy unless signed by Hitachi Energy. Hitachi Energy's failure to object to Customer's additional or conflicting terms does not waive any provision of this Agreement. 2. Payment Terms Unless otherwise specified in writing by Hitachi Energy, payment shall be net cash, without offset, due within thirty (30) days from the date of the invoice by wire transfer to the account designated in the proposal. Overdue amounts are subject to a late charge equal to the lesser of 1.5% per month or the maximum legal rate, plus attorneys' fees and court costs for collection. Hitachi Energy may suspend performance due to Customer's default, non-payment, or in the event Hitachi Energy's performance is prevented or hindered due to reasons beyond its control. 3. Taxes Customer is responsible for all taxes, dutles, fees, and charges related to the Agreement or its performance, except those based on Hitachi Energy's income, net worth, property, or employment. Prices exclude federal, state, or local taxes such as property, license, privilege, sales, use, excise, or gross receipts taxes, whether current or future. Customer agrees to pay or reimburse any such taxes required to be paid or collected by Hitachi Energy or its suppliers. If exempt or holding a direct payment permit, Customer must provide valid documentation acceptable to the relevant authorities at the time of order. 4. Delivery, Title, and Risk of Loss Unless otherwise specified in Hitachi, Energy's proposal, Equipment manufactured, assembled, or warehoused within the continental United States shall be delivered F.O.E. (Incoterms 2020) point of shipment, and Equipment shipped from outside the continental United States shalt be delivered F,O.5, (I coterms 2020) United States port of entry. All performance or completion dates are estimates, and Hitachi Energy is not liable for any loss or expense arising from failure to meet them. Hitachi Energy may, at its discretion, make partial or advance shipments. If delivery is delayed due to Customer, a third party outslde Hitachi Energy's control, or a Force Majeure event; Hitachi Energy may store the Equipment at the Customer's risk and expense, and delivery will be deemed complete. Customer will provide free and unrestricted access routes with necessary rights of way and ensure that the Site is suitable for delivery of the Equipment. The "Site" means the physical, location(s) .specified by the Customer for Equipment delivery, or performance of Services under this Agreement. Customer shall bear any additional costs incurred during delivery or access to the Site to perform Services. Title to Equipment shall remain with Hitachi Energy until full payment is received. Title to Software stall not puss; use of S0%4are is licensed only. Regarcitess of delivery terms or transport charges, risk of toss passes to the Customer upon Equipment delivery or Services completion. if Services are delayed due to Customer or other causes outside Hitachi Energy's control, risk of boss shall remain with the Customer, and such Equipment shall be deemed outside Hitachi Energy's care, custody, and control. Equipment may not be returned without Hitachi Energy's prior written consent and is subject to its specified terms. Claims for shortages or delivery errors must be submitted in writing to Hitachi Energy within ten (10) days of delivery. Claims for post -delivery damage must be submitted by Customer directly to the common carrier. The Equipment and Services shall be deemedaccepted unless Customer provides written notice of non -acceptance within three (3) days following delivery of the Equipment or completion of the Services. Minor defects or deviations that do not affect the Equipment or Services" overall functionality or performance are not grounds for rejection, S. Changes For Customer -requested scope changes affecting performance, Hitachi Energy Is entitled to a time extension„ price increase for all,. additional costs, and written agreement on adjustments before Implementation. Hitachi Energy may, at Its expense and within Its sole discretion, modify the Equipment or Services as necessary to conform the Equipment or Services to the applicable specifications. If Customer objects to such changes, Hitachi Energy Is relieved of its obligation to meet the specifications to the extent affected by the objection. 6. Force Majeure Hitachi Energy Is not liable for any loss, damage, delay, or facture to perform due to events beyond its reasonable control, Including but not limited to acts of war (declared or undeclared)„ Acts of Cod, epidemics or pandemics (including COIN-19 or any variants), outbreaks, fire, strikes, labor disputes„ severe weather, governmental actions or omissions (including those of Customer), compliance with Taws or regulations, insurrection„ riots,, embargoes, transportation delays or shortages,. or Inability to obtain Labor, materials, or manufacturing, facilities from usual sources, including delays or defects In perfortance by suppliers or subcontractors due to any such causes if such an event continues for an aggregate of 130 days, Hitachi Energy may terminate the purchase order. Delivery timellnes will be extended by the delay plus a reasonable recovery period, and ,prices adjusted for resulting costs. A force majeure event does not entitle Customer to delay or withhold payment, 7. Suspension Customer may suspend performance of this Agreement, in whole or in part, at any time by written notice. Hitachi Energy shall be entitled to an equitable adjustment in schedule, price, and other impacted terms, including compensation for costs incurred and disruption. Hitachi Energy may suspend performance upon notice if: (a) Customer defaults; (b) payment is not made when due; or (c) performance is hindered by events beyond its control. If Customer's suspension exceeds sixty (60) cumulative days, Hitachi Energy may terminate the Agreement as if cancelled for convenience. 8. Termination 10 Customer may terminate for default only if, within thirty (30) days of written notice specifying the default, Hitachi Energy fails to initiate and diligently pursue correction of the specified default. Customer may cancel any order for convenience with prior written notice and payment of the cancellation schedule. If there is no cancellation schedule, the Customer will be liable for termination charges including, but not limited to, all costs and expenses incurred and related to the order prior to the termination date, all termination -related expenses, and a fixed sum equal to ten percent (10%) of the final total price for scheduling disruption, planned production, and other Indirect costs. If, prior to delivery, Hitachi Energy deems Customer's financial condition unsatisfactory, it may demand advance payment, require payment security, or terminate the order with reasonable cancellation charges. 9. Confidentiality and Intellectual Property Each party ("Recipient") shall keep confidential this Agreement and any documents, data, drawings, software, or other informatilon— whether oral, written, or, In any form disclosed by the other party ("Discloser") and marked, identified, or which would reasonably be Interpreted to be confidential ("Confidential Information"), Confidentlat Information shall not be published', disclosed, or shared with airy third party without the'Drscloser's prior written consent. The Recipient shall Impose equivalent confidentiality obligations on its employees, agents, and contractors. Unless otherwise agreed in writing, all rights, title, and interest in any inventions, developments, improvements, or modifications related to the Equipment or Services, as well as any design, manufacturing drawings, or technical Information provided to Customer, shall remain eaactusivetV with Hitachi Energy. These materials may not be copied, disclosed, or used for any purpose other than the operation and maintenance of the Equipment. T Hitachi Energy retains all rights in, and has the right to sublicense, any Software delivered under this Agreement. Customer is granted a limited, non-exclusive, non -transferable license to use the Software only with the specified equipment. The Software must remain strictly confidential, shall not be copied, reverse engineered, or modified, and may only be used while the specified equipment is in use by Customer or until the license is otherwise terminated, including for breach. Nothing in this Agreement conveys to Customer any ownership interest in the Software or its underlying intellectual property, nor shall the Software be deerned a "work made for hire" under the Copyright Act. Upon License termination, Customer must immediately stop us{ng the Software, delete all machine-readable copies from its systems, and return all copies, notes, and related materials to Hitachi Energy without retaining any reproductions. 10. Intellectual Property Indemnity Hitachi Energy shall, at its own expense, defend any action against Customer alleging the Equipment or Services, or the use of the Equulpment to practice any process for which such Equipment is specified by Hitachi Energy (a "Process"), directly infringes a valid U.S. patent, and pay all darnagpes and costs awarded in such action, provided that Customer promptly notifies Hitachi Energy in writing, provides all necessary assistance, and grants Hitachi Energy full control over the defense and any settlement. If the Equipment or the use of a process Is found to Infringe, or is enjoined, Hitachi Energy shall, at its option and expense: (i) secure Customer's right to continue using the Equipment or Process, (it) modify or replace the EgWpment or Process with note -Infringing alternatives; (Ill) with Customer's assistance, modify the Equipment or Process to make it non -infringing; or (iv) remove the Equipment and refund the portion of the price aliocable to the infringing Item. This indemnity shall not apply to: (a) Equipment or Processes modified by Customer or combined with non -Hitachi Energy equipment or processes; (b) Equipment or Processes designed by Customer; (c) products manufactured using the Equipment or Process; (d) patents issued after the effective date of Hitachi Energy's proposal; or (e) any action settled or otherwise resolved without Hitachi Energy's prior written consent. If Customer modifies the Equipment or Processes„ combines it with other equipment or processes not supptied by Hitachi Energy (except where Hitachi Energy is a contributory Infringer), or users it to perform a process or produce an article not furnished by Hitachi Energy, and such use results in a ctalm against Hitachi Energy, Customer shalt defend and Indemnify Hitachi Energy to the same extent that Hitachi Energy would indemnify Customer under this clause. THE FOREGOING STATES THE ENTIRE LIABILITY OF HITACHI ENERGY, ITS AFFILIATES, SUBCONTRACTORS, AND SUPPLIERS FOR ANY PATENT INFRINGEMENT. 11. Warranty Hitachi' Energy warrants that the Equipment (excluding Software) will be free from defects In material and workmanship at the time of delivery, and that Services witl be performed in a professional and workmanlike manner. The applicable warranty periods are:. (I) for Equipment (excluding Software, spare parts, and refurbished or repaired parts), twelve (1) months from Installation or eighteen (18) months from shipment,whichever occurs first; (Il) for spare parts, twelve (1) months from. shipment; (III) for replaced, repaired, or refurbished parts, ninety (90) days from shipment; and (Iv) for Services, ninety (90) days from completion. If a defect Is discovered during the warranty period and promptly reported in writing to Hitachi Energy, Hitachi Energy shall, at its option, (a) repair, refurbish, or replace the nonconforming Equipment or re -perform the nonconforming Services, or (b) refund the Portion of the price allocable to the nonconforming Equipment or Services. If the repaired,, replaced, or re -performed item again falls to conform and written notice is provided within the original warranty period or within thirty (30) days of such repair, replacemqpt, or re -performance —whichever Is later —Hitachi Energy will repair or replace the nonconforming, Equipment or re -perform the nonconforming Services. In no event shall the warranty period extend beyond thirty (30) days after the original warranty period. Hitachi Energy warrants that, If properly Installed, the Software will operate according to Its published' specifications for a period of one (1) year from the shipment date,: If a nonconformity Is discovered within that period and promptly reported In writing, Including a description of the issue and how it was discovered, Hitachi Energy shalt, at Its option, either (i) modify or provide Instructions to modify the Software, or (4) provide corrected or replacement programs at Its facility. Hitachi Energy is not responsible for nonconformities INE&Dd mail caused by (a) unauthorized modifications, or (b) Customer -supplied software or interfacing. Hitachi Energy does not warrant that the Software will work in all Customer -selected combinations or be error -free. Hitachi Energy Is not responsible for access to nonconforming Equipment, Including disassembly or reassembly of non -Hitachi Energy -supplied equipment, or transportation to or from any repair facility —all of which are at Customer's risk and expense. Hitachi Energy Is not liable for Equipment or Services that have been (I) Improperly repaired or altered„ (ii) modified or combined with other equipment, (Ili) misused, neglected, or damaged by accident or force majeure, (iv) used contrary to Hitachi Energy's instructions, (v) made from Customer -provided materials or designs, or (vi) subject to ordinary wear and tear. Equipment manufactured by third parties is warranted only to the extent of the original manufacturer's warranty, and only the remedies provided by that manufacturer shall apply. THE FOREGOING WARRANTIES AND REMEDIES ARE EXCLUSIVE AND CONSTITUTE HITACHI ENERGY'S ENTIRE LIABILITY FOR ANY BREACH OF WARRANTY. ALL OTHER WARRANTIES, WHETHER WRITTEN, ORAL, EXPRESS, IMPLIED, OR STATUTORY — INCLUDING ANY IMPLIED WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, OR USAGE OF TRADE —ARE HEREBY DISCLAIMED. THE REMEDIES SET FORTH HEREIN ARE CUSTOMER'S EXCLUSIVE REMEDIES AND HITACHI ENERGY'S ENTIRE LIABILITY FOR ANY BREACH OF WARRANTY. 12. Limitation of Liability To the fullest extent permitted by law, Hitachi Energy's total aggregate liability for any matter arising out of or related to this Agreement shall not exceed the price of the purchase order giving rise to the claim. IV Hitachi Energy is not liable —under any theory of recovery, including but not limited to indemnity, breach of contract, warranty, statutory duty, equity, tort (including but not limited to negligence or strict liability), or otherwise —for any loss of use; loss, deterioration, or corruption of data; loss of profit or revenue; loss of production or power (including replacement or purchased power or hydrocarbons); loss of goodwill or reputation; increased operational costs; downtime or interruption; loss of contracts; cost or loss of capital, financing, or banking interests; loss of anticipated savings or profit; loss of business or business opportunities; incurrence of additional financial or loan charges; or any special, Incidental, punitive, indirect, or consequential damages of any kind. Hitachi Energy's liability shall expire one year after the end of the warranty period. Hitachi Energy shall not be liable for any advice or services provided outside the scope of the Agreement. These limitations and exclusions apply equally to Hitachi Energy's affiliates, subcontractors, and suppliers of any tier and shall survive termination or expiration of this. Agreement. 13. Compliance with Laws Customer shall comply with all applicable local, state, national, and international laws, statutes, ordinances, rules, orders, regulations, and codes in connection with the application, operation, use, maintenance, and disposal of the Equipment and Services. This includes, without limitation, laws relating to environmental protection, data privacy, export control, health and safety, and product disposal. Customer is solely responsible for obtaining and maintaining all licenses, permits, and approvals required for lawful use and operation of the Equipment and Services. Each party shall comply with all applicable antitrust, competition, anti -bribery, and anti -corruption laws in connection with its activities under this Agreement. Neither party shall be liable for any claims, damages, penalties, or other liabilities arising out of or related to any actual or alleged violations of such laws by the other party or any third party. 14. Governing iLaw and Dispute Resotaation This Agreement is governed by the laws of the State of New York, excluding its conflict of law principles. The United Nations Convention on Contracts for the International Sale of Goods shall not apply. Any dispute, claim, or cause of action related to this Agreement must be exclusively filed in the state courts of New York or the United States District Court for the Southern District of New York. The Parties further Irrevocably waive their right to a jury trial. 15. Change in Law or Aegulatory Impact Notwithstanding any other provision of this Agreement, if at any time after the submission of Hitachi Energy's proposal there is any enactment, amendment, repeal, or new interpretation or application of any law, ordinance, statute, rule, regulation, order, code, by- law, trade regulation, tariff, import or custom duties, fees or rates, quota, or other trade -related measure, or decree (including but not limited to changes in work permits, visa requirements, taxation, import/export restrictions, or other governmental requirements) that affects Hitachi Energy's performance of this Agreement, then Hitachi Energy shall be entitled to an equitable adjustment to the Agreement. Such adjustment may Inctude extending the delivery date, increasing the Agreement price, or modifying any other Hitachi Energy obligation under this Agreement as reasonably necessary to address the impact of the change in law. 16. Notice All; notices must be In writing and sent to Hitachi Energy USA Inc.. at us-namlegatnotice lii'tachienergy.com and 901 Main Campus Drive, suite 500, Raleigh, NC 27606, or any updated address provided by Hitachi Energy USA in writing. Notices may be delivered by post, courier, email, or fax, and are deemed received upon actual receipt, or on the next business day if received outside business hours.. 17. Hazardous Waste Hitachi Energy shall have no responsibility or liability for any Hazardous Materials, not disclosed in advance or not reasonably anticipated to result from the Equipment or Services, or any pre-existing Hazardous Waste. "Hazardous Materials" means any substance, material, or waste classified as hazardous, toxic„ or dangerous under applicable federal, stake„ or local laws, including RCRA, CE'RCLA, HMTA, and regulations Issued by the EPA, DOT, or OSHA. This Includes, without limitation, Ignitable, corrosive, reactive, or toxic substances; petroleum products; asbestos; PCBs; radioactive materials; and any other materials regulated under applicable laws. The Customer shalt indemnify, defend, and hold Hitachi Energy harmless from all claims, liabilities, damages, losses, and expenses (including attorneys' fees) arising from or related to any pollution, contamination, or environmental harm. 18. Asbestos Customer represents and warrants that any asbestos or presumed asbestos -containing materials (PALM) under 29 CFR §19A.1101 In areas to be accessed by Hitachi Energy or its subcontractors are lawfully maintained and, if applicable, clearly marked, Before commencing any work, Customer shaft, at Its soie expense„ remove all asbestos -containing materials (ACM) or PALM— including thermal Insulation and sprayed -on surfacing materiat—that may be disturbed by or interfere with Hitachi Energy's performance, Customer shalt ensure that areas Involving the presence,, abatement, or removal of ACM or PACM are property identified, posted„ and isolated per applicable taws and regulations.. Iona _ff*3 -nof Hitachi Energy is not responsible for identifying, handling, disturbing, removing, remediating, or disposing of any ACM or PACM, and makes no express or implied representation or warranty regarding their presence at the Site. Hitachi Energy is not Licensed or certified for asbestos abatement and will not start or continue work in areas with ACM or PACM until fully satisfied that the Customer has met its obligations under this provision. In such cases, Hitachi Energy shalt be entitled to an equitable adjustment to the schedule, Agreement price, and any other affected terms. If ACM or PACM Is discovered during the course of work, Hitachi Energy shalt promptly notify Customer and suspend affected work. Work shalt not resume until Customer, completes necessary remediatlon with qualified professionals and provides written confirmation of compliance with applicable laws, P Customer shalt defend, Indemnify, and hold harmless Hitachi Energy, its officers, directors, employees, agents, and subcontractors from and against any and all claims, liabilities, damages, tosses, costs, and expenses, including reasonable attorneys' fees, arising from or related to the presence, disturbance, or removal of ACM or PACM, or Customer's failure to comply with this provision. 19. Nuclear Indemnity The Equipment and Services provided by Hitachi Energy are not intended for use in any nuclear facility or activity. Customer guarantees that neither it nor any third party will use the Equipment or Services, for such purposes without! Hitachi Energy's prior written consent. Any unauthorized nuclear use releases Hitachi Energy, Its parent, affiliates, suppliers, and subcontractors from all Liability for resulting nuclear damage, injury, or contamination. Customer agrees to indemnify and hold harmless Hitachi Energy and Its related entities against any such liability, If Hitachi Energy consents to such use, Customer will be subject to additional terms and conditions deemed necessary by Hitachi Energy to, address nuclear liability risks. 20. Site Access and Customer Obligations Custorner shalt provide Hitachi Energy with safe,, unobstructed access to the Site and all necessary facilities, Including utilities, to perform the Services. This Includes, at Customer's risk and expense, the disassembly and reassembly of non -Hitachi equipment, Customer shall ensure that the Site complies with all applicable health and safety regulations and shalt obtain all permits, licenses, and approvals required for Hitachi Energy to perform the Services. Customer shall provide at( necessary Information for the Services, including drawinfjs, documentation, data, and reports, and fully cooperate by offering any reasonably required assistance, 21. Reliance on Site Conditions R Hitachi Energy may rely on all information, representations, and warranties provided by Customer regarding Site conditions. Hitachi Energy shalt not be responsible for any delays, additional costs, or I)eTfDTMaMCe issues arising from Inaccurate, incomplete, or misleading Site Information, Hitachi Energy does not assume risk for physical conditions above or below ground at the Site, Including but not limited to: subsurface geology, borrow pit conditions, and spoil disposal areas; the availability, location, and extent of construction or storage areas and underground or above -ground utilities (e.g., gas, water, sewer, electrical, communications); required safety precautions and safeguards-, dimensions not shemn on drawings; the extent of established lines and levels,, work to be performed by Customer or third parties; and any rules, regulations, or requirements not previously communicated to Hitachi Energy. 22. Resale and Export Control The Parties shalt comply at all times with all applicable Trade, and/or Export Convok Laws, inch4ding but not limited to the taws, regulations, and orders of the United States, Switzerland, the European Union, and any other jurisdiction relevant to the performance of this Agreement. Trade and/or Export Controt Laws shall Include, without limitation, regulations governing the export, re-export, transfer, disclosure, or release of goods,, software, technology, services, or technical documentation. If Customer resells any Equipment or uses It at a third -party facility, Customer shalt either (i,) indemnify and defend Hitachi Energy against any third -party claims or liabilities exceeding the Limitations set forth in this Agreement, or (11) ensure that such third party or end user agrees to be bound by those limitations for Hitachi Energy's benefit, Customer shalt ensure that any third parties further down the commercial chain, including resetters or end users, comply with the same limitations and obligations. Customer represents and warrants that the Equipment, Services, and any "direct product" thereof are intended st4ety for civ t use and shalt not be used', directly or Indirectly, In connection with the design, production, use, or storage of chemical, bioLogicat, or nuclear weapons, or carrier systems. Use for military or nuclear applications Is strictly prohibited without Hitachi Energy's prior written consent, Upon request, Customer shall provide a Letter of Assurance and End -User Statement acceptable to Hitachi Energy, The Equipment, Services, or related technology shalt not be sold, (eased, transferred, exported, or re-exported except In full compliance with applicable Export Control Laws, If required, Hitachi Energy shalt apply for a U.S. export license upon receiving ,all necessary documentation from Customer, which must be provided promptly following order acceptance. Any delay in licensing shalt suspend Hitachi Energy's performance, Hitachi Energy does not guarantee the Issuance, continued validity, or avakablity of any export license or authorization and shall not be liable, for any delay, denial, revocation, or modification thereof. In such cases, Hitachi Energy may cancel this Agreement without liability. In the event of Customer's non-comptiance with this, clause, Hitachi Energy shall have the right to terminate this Agreement immediately. 23. Miscellaneous I. Severability it any provision of this Agreement is deemed Invalid or unenforceable, in whole or in part, it will not impact the validity or enforceability of the other provisions, which will be interpreted as If the Invalid or unenforceable part never existed, It. Assignment Customer may not assign this Agreement or any rights or obligations without Hitachi Energy's prior written consent; any assignment without such consent is void. Hitachi Energy may assign its rights under this Agreement to any of its affiliates. As a condition of Hitachi Energy's agreement to any assignment, financing arrangement, or renewal of this Agreement, Customer shalt pay an administrative fee of ten thousand dollars (USD $10,000), which Is not included in the Agreement Price, may be Invoiced separately, and shalt be payable within thirty (30) days of the invoice date, Ill. Entire Agreement This Agreement represents the complete understanding between the parties regarding its subject matter, superseding all other agreements, understandings, representations, or warranties awnless expressly stated herein. IV. Survivat The provisions relating to Confideftatity and Intellectual Property, Urnitation of UabMty, Governing Law and Dispute Resolution, and Export. Control and Resale shall survive the termination or cancellation of this Agreement. V. Waiver Any waiver of strict compliance with any provision of this Agreement must be in writing. The failure of either party to enforce any provision on one occasion shall. not be deemed a waiver of its right to enforce the same or any other Prov151011 thereafter. s VI. pleadings I iakm Transformer Performance Specification 9 For: DGR/ Hutchinson Utilities - 115/13.8 kV Power Transformers Date: 3/19/2026 — Plant I Quote: QT-26-01122798 Item: 1 Spec: con hedibnOor'OpOratloh Transformers Transformer Ph Connected To Ph Connected To Ph I Connected in ban from I :��d l 115000 V 3 Delta -13 8 0 -OV -3 W e BASIC IMPULSE,LEVEL BUSHING DATA SOUND DATA., WINDING BIL TERMINAL BIL TYPE Soundpressure levels H Line 550 W H Line 550 W rating 71 dBa Neutral H Neutral -'-iiase Max rating 74 dBa Line 110 W X Line 110 kV X Neutral 110 W X Neutral 110 kV Y Line Y Line Neutral I Y Neutral Peri'mmance, Data --Los!es"Oqto it 25000 kVA Based on loadin 100%PF 80%PF X: 25000 Y: 0.77 6.23 No load loss at 115000 V 20000 W % Exciting current 1 Impedance at 25000 kVA 9.5% H to X Load loss at 25000 kVA 79600 W 100% V 110% V Total loss 99600 W 0.35 0.55 Auxilla loss: _5700 W % Load 25 %,.Efficien 99.60 No-load Loss jWI 20000 Load Loss W] 4975 Total Loss [W1 24975 50 99.68 20000 19900 39900 75 99.66 20000 44775 64775 100 99.60 20000 79600 99600 112 99.57 20000 99850 119850 125 133 166.7 99.54 99.52 99.42 20000 20000 20000 124375 141513 221112 144375 161513 241112 * Efficiency is calculated at unity Power Factor Regulation With a Lagging Power Factor Power Factor % Load '00 95 90 85 AQ 75#; 25 0.12 0.85 1.13 1.34 1.50 1.64 1.75 50 0.27 1.72 1 2.29 2.70 3.02 3.30 3.53 75 0.47 2.65 3.50 4.11 4.59 5.00 5.34 100 0.77 3.67 4.78 5.58 6.23 6.76 7.21 112 0.95 4.19 5.43 6.33 7.04 7.63 8.13 125 1.18 4.79 6.16 7.16 7.94 8.60 9.15 133 1.35 5.19 6.65 7.70 8.54 9.23 9.82 166.7 2.22 6.96 8.75 10.04 11.05 11.89 12.59 `Regulation Based On: % X = 9.4947 % R = 0.3184 • X/R = 29.8200 • Fe = 0.0800 Excitation Current % Volta a No-load Loss % Exciting Current 80 12000 0.25 90 100 16000 20000 0.30 0.35 105 24000 0.45 110 30000 0.55 Efficiencies At other Power Factors Power Factor %Load 1.06 0.95 0.90 0.85 0.80 25 99.60 99.58 99.56 99.53 1 99.50 5o 99.68 99.67 99.65 99.63 99.60 75 99.66 99.64 99.62 99.60 99.57 100 99.60 99.58 99.56 99.53 99.50 0 Transformer Performance Specification I"""" D - V r Transformers For: GR Hu��"0 hinson Utilities 115 13.8 k Power T sf Date: 3 20 2026 � w°'0p0°"u Plant 1 .._ ..... Quote T26 1229 Q78 Item: 2 _....e ,.._ m_.� -.. .-. ....W...... _..... Spec .. " e Ratln Tye Substation kon-Auto Class H Windin X Winding „ Y Windin Phase 3 "^o„ 115000 V 13800 V um"° Hertz 60 ""o„ ONAN 22300 / 25000 kVA 22300 / 25000 1:WA Temp Rise 55/65 C °" ONAF 29700 / 33330 kVA 29700 / 33330 w" VA Mineral Oil "", ONAF 37200 / 41670 kVA 37200 / 41670 w"° kVA -InsulatingType ADDITIONAL APPIikEI'lli MA"lwS VOLTAGES III H Winding V) DETC: +2, -2 @ 2.5%� 0° X Winding (V) OLTC: +16, -16 0.625' Reduced Ca aclt Below. Nominal Y Winding (I °u Connections fbr,0 ere )'orir Transformers Transformer Ph Connected °", To Connected To Ph Connected in bank from [;3 1 115000 V 3 Delta "U 800 V BASIC IMPULSE LEVEL IJIL BUSHING TA SOUND DATA. BIL TERMINAL BIL w"' PE Sound pressure levels e 550 kV H Line 550 kV "" "° Base rating 71 dBa HEDING N utral H Neutral w' "", Max rating_74 dBa e 110 kV X Line 110 kV m°' 1 utral 110 kV X Neutral 110 kV Y Line Y Line Y Neutral Y Neutral �Dlele+ ricTests ' - A Iled Volta a(To other windings and round) J1111111F Induced Volta H Winding X Winding Y Wyliding Enhancement lev / 7200 C cle (L-G kV 173 kV 34 kV kV One hour level L °jy kV Performance Data lsses' Regulation at 22300 kVA Based loadingV: H: 115000 X: 13800 "'111„ Y: 100%PF 80%PF Win h load at kVA: H: 22300 X: 22300 °", Y: 0.76 6.22 w1"° No load loss t 115000 V 18900 W % Exciting current pedance at 22300 kVA 9.5% H to X Load loss at °" 22300 kVA 69600 W 100% V 110% V Total loss "'„ 88500 W 0.35 0.55 w"" Auxill'ary loss: "' 4000 W A' Ilimatedlrncdrslonso 'wgights El roxlmate Dimensions Approximate Weights a1qd Volumes IIII In 1201 mm Core & coils 57800 lb °"11, 26217.64 kg Height overall w"° A (Hei ht 5105.4 Tank & fittin s 36300 lb 16465.4 kg Project floor B (Width 256 6502.4 Insualtion fluid 50100 lb " 724.98 k Sp�(Bandu°j0IIIIIIII C (De th 189 4800.6 Oil volume 6680 GAL 2 m 86.55 L Heer D 133 3378.2 Untankin 57800 lb 262',„ .641, UntankiPlus E 237 6019.8 Total WEIGHT 144200 lb 6540 !,,,�2 kg Slings)1111,111111111 11,11,111114 Shippiolk dims: Hei ht Width De th Shipping weight 134700 lb 61098.89 in mm in mm in mm (Oil filled) 154 1 3911.6 256 6502.4 112 Ji 2844.84LO it preservation: % LID % iln No-load Loss UU Load Loss {W %tali Lr 25 """„ 99.58 18900 4350 23250 " 50 99.68 m°j", 18900 17400 363 75 99.65 18900 39150 58 0 100 j" „ 99.60 18900 69600 " Soo 112 j" m, 99.58 18900 87306 „e"106206 125 „ 9.54 18900 108750 127650 133 9.52 18900 123735 " 142635 166.7 99°22 18900 193334 "° 212234 * Efficiency is calculated at""4gnity Power Factor Re ulation With a Laggin Po1IIIII101 it Factor A111111111111111111111111111111111111111IF Load Power .aor ; 010 5 JO 85 81 75 701 25 0.12 0. 1.13 1.34 :"' 0 1.64 1.75 50 0.26 1.72""1u, 2.29 2.70 1111111111113.02 3.30 3.53 75 0.47 2.65 "'"„ 3.49 4.10 „"""' 4.59 4.99 5.34 100 0.76 3.66 4.77 5.58 "' 6.22 6.75 7.21 112 0.94 4.18 "" 5.42 6.32 7.03 7.62 8.13 125 1.17 4.77 "' "„ 6.15 7.15 "j0 7.94 8.59 9.14 133 1.34 5.17 4 7. 8.53 9.22 9.81 166.7 2.19 6.93 8. 01 11.03 11.87 12.57 *Regulation Based On: % X = 9.4949 % R = 0.3121 � • X/R = 30.4226 „0000000lollllll • Fe = 0.0848 Excitation Current % Vora a No-load Loss ;, % Excitin Current. 80 11340 25 90 15120 "j0 0.30 100 18900"j0 0.35 105 22680 0.45 °II 110 28350 0.55 1111 Efficiencies At other Power FaCtoro"°°1IIIIIIII11 0i0j„ Fa _'. Power c + Factor % Load 1.0 „ ° 0.95 0.90 0.8' 0.80 25 9 111198 99.56 99.54 99.51111S,, 99.48 50 „9°9.68 99.66 99.64 99.62 ""'„ 99.59 75 „,11111"99.65 99.64 99.62 99.59 °j'111,,, 99.57 100 _ A„"11""' 99.60 99.58 99.56 99.54_ 99.51 ��,,,,,� IN 0 Blanket Notification to Others of Cancellation ZURICH& or Non -Renewal Policy No. I Eff. Date of Pol. Exp. Date of Pol. Eff. Date of End. Producer No. AWL Prem Return Prem. 5 7321551-05 1 04101/2025 04/01/2026 04/01/2025 50794000 INCIL THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY. This endorsement modifies insurance provided under the: Commercial Automobile Coverage Part A. If we cancel or non -renew this Coverage Part by written notice to the first Named Insured, we will mail or deliver notification that such Coverage Part has been cancelled or non -renewed to each person or organization shown in a list provided to us by the first Named Insured if you are required by written contact or written agreement to provide such notification. However, such notification will not be mailed or delivered if a conditional notice of rerlewal has been sent to the first Named Insured. Such list: 1. Must be provided to us prior to cancellation or non -renewal; 2. Must contain the names and addresses, of only the persons or organizations requiring notification that such Coverage Part has been cancelled or non -renewed; and 3. Must be in an electronic format that is acceptable to us. B. Our nofificabon as described in Paragraph A. of this endorsement will be based on the most recent list in our records as of the date the notice of cancellation or non -renewal is mailed or delivered to the first Named Insured. We will mail or deliver such notification to each person or organization shown in the list: 1. Within seven days of the effective date of the notice of cancellation, if we cancel for non-payment of premium; or 2. At least 30 days prior to the effective date of., a. Cancellation, if cancelled for any reason other than nonpayment of premium; or b. Non -renewal, but not including conditional notice of renewal. C. Our mailing or delivery of notification described in Paragraphs A. and B. of this endorsement is intended as a courtesy only, Our failure to provide such mailing or delivery will not; i. Extend the Coverage Part cancellation or non -renewal date; 2. Negate the cancellation or non -renewal; or 3. Provide any additional insurance that would not have been provided in the absence of this endorsement. D. We are not responsible for the accuracy, integrity, timeliness and validity of information contained in the list provided to us as described in Paragraphs A. and B. of this endorsement. All other terms and conditions of this policy remain unchanged. U-CA-832-A CW (01/13) Ppge 1 of 1 Includes copyrighted material of Insurance Services Office, Inc., with its permission. WORKERS COMPENSATION AND EMPLOYERS LIABILITY INSURANCE POLICY WC 99 06 43 BLANKET NOTIFICATION TO OTHERS OF CANCELLATION OR NONRENEWAL ENDORSEMENT This endorsement adds the following to Part Six of the policy. PART SIX CONDITIONS P Blanket Notification to Others of Cancellation or Nonrenewal 1. If we cancel or non -renew this policy by written notice to you, we will mail or deliver notification that such policy has been cancelled or non -renewed to each person or organization shown in a list provided to us by you if you are required by written contract or written agreement to provide such notification. However, such notification will not be mailed or delivered if a conditional notice of renewal has been sent to you. Such list: a. Must be provided to us prior to cancellation or non -renewal; b. Must contain the names and addresses of only the persons or organizations requiring notification that such policy has been cancelled or non -renewed; and e c. Must be in an electronic format that is acceptable to us. 2. Our notification as described in Paragraph 1. above will be based on the most recent list in our records as of the date the notice of cancellation or non -renewal is mailed or delivered to you. We will mail or deliver such notification to each person or organization shown in the list: a. Within seven days of the effective date of the notice of cancellation, if we cancel for non-payment of premium; or b. At least 30 days prior to the effective date of: (1) Cancellation, if cancelled for any reason other than nonpayment of premium; or (2) Non -renewal, but not including conditional notice of renewal. 3. Our mailing or delivery of notification described in Paragraphs 1. and 2. above is intended as a courtesy only. Our failure to provide such mailing or delivery will not: a. Extend the policy cancellation or non -renewal date; b. Negate the cancellation or non -renewal; or c. Provide any additional insurance that would not have been provided in the absence of this endorsement. 4. We are not responsible for the accuracy, integrity, timeliness and validity of information contained in the list provided to us as described in Paragraphs 1. and 2. above. All other terms and conditions of this policy remain unchanged. This endorsement changes the policy to which it is attached and is effective on the date issued unless otherwise stated. (The information below is required only when this endorsement is issued subsequent to preparation of the policy.) Endorsement Effective 04-01-25 Policy No. WC 7278109-05 Endorsement No. Premium $INCL. Insured HITACHI ENERGY USA INC. Insurance Company AMERICAN ZURICH INSURANCE COMPANY WC 99 06 43 page 1 of 1 (Ed. 01-13) Includes copyright material of the National Council on Compensation Insurance, Inc. used with its permission, 0 2012 Copyright National Council on Compensation Insurance, Inc. All Fights Reserved. HITACHI AM Tcrms and uondfflm; cAarihed In [1,11c, and 31d !Iroposa� Call ificahons These, documenk any and afl contradictory tcnVV,'; THIS DOCUMENT CONTAINS PROPRIETARY INFORMATION AND MAY NOT BE DISCLOSED TO OTHERS WITHOUT PERMISSION FROM HITACHI ENERGY SECURITY LEVEL DOCUMENT ID REV PAGE Internal 1/17 GlHitachh Energy USA Inc. 2024 Hitachi Energy. All rights reserved. QUOTE LETTER AND PROPOSAL HIACHI Table of Contents 1 Scope of Supply and Pricing.................................................................................... 4 2 Conditions of Sale................................................................................................... 6 3 Terms of Payment................................................................................................. 10 4 Cancellation Schedule........................................................................................... 11 5 Warranty..............................................................................................................11 6 Approval Drawings............................................................................................... 12 7 Transportation and Delivery................................................................................. 12 8 Maintenance and Instruction Manuals................................................................... 14 9 Storage and Title.................................................................................................. 14 10Additional Technical Information.......................................................................... 15 11Attachments......................................................................................................... 17 Revisions Revision Page Description Revision Date 0 Ori final Release 4/10/2026 1 Change from Net 30 to net 45 payment terms 5/19/2026 LD's have been added to the quote letter Payment milestones updated to be in line with customer request Warranty clarifications on in -and -outs Field services clarifications THIS DOCUMENT CONTAINS PROPRIETARY INFORMATION AND MAY NOT BE DISCLOSED TO OTHERS WITHOUT PERMISSION FROM HITACHI ENERGY SECURITY LEVEL Internal HIAC►HI QUOTATION NO: QT-26-01122798 Plant 1 Substation Crystal Springs, MS This proposal letter will serve to respond to Hutchinson Utilities Commission's recent re- quest to procure two transformers for delivery to 44 4th Avenue N, Hutchinson, MN 55350. In this new offer, Hitachi Energy is providing this proposal for the supply of a transformer with the addition of optional components such as; Coretec4, Coresense and Coresense M10 moni- toring systems. Please also reference the attached information packets detailing both monitoring systems. We thank you for this opportunity and remain at your disposal should you have any questions. Proposal key elements: — Optional components/services such as; Coretec4, Coresense monitoring system and Coresense M10 monitoring system. — Pricing and Terms and Conditions based on Hitachi Energy redlining of customers pro- vided terms. — Delivery: 35 Months, AAO (After Acceptance of Order) — Prices are subject to adjustment and quote shall be valid for a maximum of 30 days starting on: 4/10/2026. — The negotiation QT-26-01122798 in its entirety must be listed within the Purchase Or- der. PO must list the Hitachi Energy's T&C's unless negotiated otherwise and prior to initial PO issue. — PO must be made to Hitachi Energy USA Inc. Customer Project Date Quote No. Hutchinson Utilities Plant 1 Substation 4/10/2026 QT-26-01122798 Commission THIS DOCUMENT CONTAINS PROPRIETARY INFORMATION AND MAY NOT BE DISCLOSED TO OTHERS WITHOUT PERMISSION FROM HITACHI ENERGY SECURITY LEVEL ':DOCUMENT ID '':REV PAGE Internal 3/17 GlHitach6 Energy USA Inc. © 2024 Hitachi Energy. All rights reserved. QUOTE LETTER AND PROPOSAL HI ACHI 1 Scope of Supply and Pricing 1 2 Substation Transformer - Mineral Oil $ 2,525,100 5,050, 00 111111111j01 Filled 25/33.33/41.67//46.67 MVA ONAN/ONAF/ONAF 3 Phase 60 Hertz, 55/65°C Rise, 9.5% Impedance with +/- ANSI Standard Tolerance HV: 115kV Delta, 550kV BIL HV Taps: +2/-2 @ 2.5% LV: 13.8kV Wye, 110kV BIL LV Taps: +16/-16 @ 0.625% Shipment Budgetary - Freight will be $ 54,000 $ 1 8,00 1a billed at cost + 20%: DAP; Delivery at ' (estimated) (e imate place, Location: Not Offloaded 2 Substation Transformer - Mineral Oil Filled 22.3/29.73/37.167//41.627 MVA /ONAF/ONAF 3 Phase ertz, 55/65°C Rise, 9.5% Impeda ith +/- ANSI Standard Tolerance 2,457,900 $ 4,915,800 HV: 115kV Delta, 550kV BIL HV Taps: +2/-2 @ 2.50 9,11111111001 ollLV: 13.8 kV 11, Wye, �� BIL LV Taps: + 6 625% ment Budgetary - Freight will be 2a billed at cost + 20%: DAP; Delivery at $ 54,000 $ 1 00 place, Location: Not Offloaded (estimated) (estimat VIggIl g ,/,gg, / $ 5.7 200 $ '0, 05,400 3a � Offload of New Transformer Item 1 ��1�� . (estimated) (es mated), of N $ 57,200 $ 10 400 es Ima a es_I ) Assembly and electrical testing of New 4a Transformer Item 1 $ 63,700 $ 127,4 d Transformer Item 2 ical testm of„New $ 63,700 THIS DOCUMENT CONTAINS PROPRIETARY INFORMATION AND MAY NOT BE DISCLOSED TO OTHERS WITHOUT PERMISSION FROM HITACHI ENERGY SECURITY LEVEL ''.,DOCUMENT ID '.,REV PAGE Internal 4/17 QUOTE LETTER AND PROPOSAL HI ACHI 5a Offload Inspection Item 1 $ 11,800 $"' ,600 5i� � 2 OI•lil°oavw.i I��sPe�tiw�wwwW I�ewWwWwW � $ 11,000$ 0 r r r r r r r r r r ,r r r r a OPT 1 Digital Power Transformer ADD $18,000 Reliability Boost (Basic) Package per unit The TXpertTm ecosystem is an open, Scala- ble, manufacturer -agnostic ecosystem for the digitalization of transformers, designed to drive data -driven intelligence and decision making in the op- erations and maintenance of transformers. Features: CoreTecTm 4 electronic monitoring hub Electronic Top Oil & Ambient Temperature Monitoring (PT100) Transformer Loading & Analysis (Current Clamp) Thermal Modeling & Aging Calculations OPT 1 Digital Power Transformer ADD $29,000 Reliability Boost (Silver) Package per unit Includes Reliability Boost (Basic) Package features plus: CoreSenseTm basic (hydrogen & moisture) dissolved gas analyzer eSDB, Electronic Self -Dehydrating Breather (Units w/ LTC) OPT 1 Digital Power Transformer ADD $65,000 Productivity Boost (Gold) Package per unit Includes Reliability Boost (Basic) Package features plus: Electronic oil level indicator (eOLI) CoreSenseTM M10 (multi -gas dissolved gas hydrogen analyzer) eSDB, Electronic Self -Dehydrating Breather (Units w/ LTC) THIS DOCUMENT CONTAINS PROPRIETARY INFORMATION AND MAY NOT BE DISCLOSED TO OTHERS WITHOUT PERMISSION FROM HITACHI ENERGY SECURITY LEVEL Internal QUOTE LETTER AND PROPOSAL HIACHI 2 Conditions of Sale Prices The total selling price for the offered equipment is expressed in USD. Prices are subject to adjustment based on the below formula three months prior to shipment. Hitachi En- ergy has not included any kind of sales or use taxes or duties imposed by state or local authorities. Any difference in the observed rate of the tax, between the date of this pro- posal and the shipment of the equipment from our factory, will be the responsibility of the purchaser. Price Adjustment/Escalation Policy The global pandemic has impacted the supply and demand of material, which is now showing a sharp rise in demand and prices of commodities. This situation is due to a sudden increase in manufacturing activity as many countries initiate major government stimuli to sustain economic recovery. The quoted prices shall be adjusted upward or downward based on the changes in the below formula and internal or external data by comparing the current indices values as of the month quoted to the new values three months prior to shipment. ESCuBrrase t CUCurrent CSCurrent OPCurrent GECurrent LPCurrent Padjusted = Pbase X ( ES X %) + ( CUBase X %) + ( CSBase X %) + ( OPBase X %) + ( GEBase X %) + ( LPease X Each design will have slightly different weightings of core steel (ES), copper conductor (CU), carbon steel (CS), general electrical (GE), and oil (OP) determined as the designs are completed after acceptance of an order. Component P CRGO Copper PP Carbon Steel Oil General Labor Electric* Contribution ES Cu CS OP GE LP material wise in SP 7% 8.5% 3.5% 2.5% 20.5% 58% Item 1 Contribution material wise in SP 7 25% 7.75% 3.5% 2.5% 20.5% 58% Item 2 THIS DOCUMENT CONTAINS PROPRIETARY INFORMATION AND MAY NOT BE DISCLOSED TO OTHERS WITHOUT PERMISSION FROM HITACHI ENERGY SECURITY LEVEL Internal QUOTE LETTER AND PROPOSAL HI ACHI Source of Index: CRGO (ES) Hitachi Energy Internal Copper (CU) LME - Commodity Index Carbon Steel BLS Series ID " WPU1015 " PPI Commodity data for Metals and metal (CS) products -Hot rolled steel sheet and strip, including tin mill products Oil (OP) Mineral Oil: Brent Crude - Commodity Index Ester / FR3 Oil: Hitachi Energy Internal General Electric BLS Series ID " PCU335311335311P " PPI Industry Data for Electric component (GE) power and specialty transformer mfg. primary products Labor (LP) BLS Series ID " CEU3133500008 " Average hourly earnings of produc- tion and nonsupervisory employees, total private, seasonally adjusted Taxes and Other Cost Prices do not include any contractual charges such as payment for guarantees, local taxes, VAT, duties and fees, etc. Applicable Terms and Conditions of Sale Terms and conditions of sale are based upon this proposal and Hitachi Energy's redlining of customers provided T&C's. We stand open to negotiate any of the items contained therein to reach a mutually acceptable set of commercial terms and conditions applicable to this potential contract. Force Majeure. Hitachi Energy. shall neither be liable for loss, damage, detention or delay nor be deemed to be in default for failure to perform when prevented from doing so by causes beyond its reasonable control including, but not limited to, acts of war (de- clared or undeclared), Acts of God, fire, strike, labor difficulties, acts or omissions of any governmental authority, compliance with government regulations, insurrection or riot, epidemic, pandemic (including coronavirus (Covid 19)), embargo, delays or shortages in transportation or inability to obtain necessary labor, materials, or manufacturing facilities from usual sources or from defects or delays in the performance of its suppliers or sub- contractors due to any of the foregoing enumerated causes. In the event of delay due to any such cause, the date of delivery will be extended by period equal to the delay plus a reasonable time to resume production. (i) "Russia -Ukraine Situation" means (1) the conflict between Russia and Ukraine which began on or around 24 February 2022 and/or (2) any other or further conflict which may arise out of or in connection with the same and/or (3) any economic and other sanctions imposed by, amongst others the United Nations, U.S., EU, UK, Japan THIS DOCUMENT CONTAINS PROPRIETARY INFORMATION AND MAY NOT BE DISCLOSED TO OTHERS WITHOUT PERMISSION FROM HITACHI ENERGY SECURITY LEVEL Internal QUOTE LETTER AND PROPOSAL HI ACHI Switzerland or any agency or authority against Russia, Russian entities and individuals, Russian goods, products, services, technology which may arise out of or in connection therewith, and/or (4) any economic and other sanctions imposed by, amongst others the United Nations, U.S., EU, UK, Japan Switzerland or any agency or authority thereof against any other country, entities and individuals, Russian goods, products, services, technology which may arise out of or in connection therewith; (ii) "Electronic Component Shortage" means the continuing global shortage of micro- chips or apparatus or components which include microchips. The Parties acknowledge that the Russia -Ukraine Situation and/or the Electronic Compo- nent Shortage is affecting or may have an adverse impact on Hitachi Energy's ability to perform the offer including but not limited to price increases, transportation and logistics constraints, shortages and price increases in the procurement of products and commodi- ties (e.g. cooper, aluminum, steel, oil and gas). If the Russia -Ukraine Situation and/or the Electronic Component Shortage continue af- fecting, will or may have any adverse impact, whether direct or indirect, on [Hitachi En- ergy's] ability to perform the offer in accordance with its terms and/or the Law, the Par- ties shall, if so requested in writing by Hitachi Energy, negotiate in good faith and agree without delay reasonable amendments to the terms and conditions of the offer, includ- ing, but not limited to, revisions of the Schedule and/or any increase in the Contract Price. In the absence of such agreement, Hitachi Energy shall, if it suffers delay and/or incurs additional Costs due to any direct or indirect impact of the Russia -Ukraine Situation and/or the Electronic Component Shortage, in any case be entitled to an extension of the Time for Completion and compensation for any additional Costs. (iii) "Middle East Situation" means The conflict involving among others the United States of America, Israel and Iran and its neighborhood, or any other regular or irregular actor, which began on or around 28 February 2026 and/or 2. Any other or further conflict, event and/or disruption which may arise out of or in connection with the same and/or 3. Any economic and other sanctions imposed by, amongst others the United Na- tions, U.S., EU, UK, Japan, Switzerland or any agency or authority against Iran, Iranian entities and individuals, Iranian goods, products, services, technology which may arise out of or in connection therewith, and/or 4. Any economic and other sanctions imposed by, amongst others the United Na- tions, U.S., EU, UK, Japan, Switzerland or any agency or authority thereof against any other country, entities and individuals, goods, products, services, technology which may arise out of or in connection therewith. THIS DOCUMENT CONTAINS PROPRIETARY INFORMATION AND MAY NOT BE DISCLOSED TO OTHERS WITHOUT PERMISSION FROM HITACHI ENERGY SECURITY LEVEL Internal QUOTE LETTER AND PROPOSAL HI ACHI The Parties acknowledge that the Middle East Situation is affecting, or may have an ad- verse impact on, Hitachi Energy's ability to perform this Contract including but not lim- ited to price increases, transportation and logistics and insurances constraints, shortages and price increases in the procurement of products, services and commodities (e.g. cooper, aluminum, steel, oil and gas), as well as suspension of the performance of works/services. If the Middle East Situation continues affecting, will or may have any adverse impact, whether direct or indirect, on the Hitachi Energy's ability to perform this contract in ac- cordance with its terms, the Parties shall, if so requested in writing by Hitachi Energy, negotiate in good faith and agree, without delay, reasonable amendments to the terms and conditions of this Agreement, including but not limited to, revisions of the schedule to perform and/or any increase in the price. In the absence of such agreement, the Supplier shall, if and to the extent the perfor- mance of this contract is directly or indirectly impacted by the Middle East Situation, in any case be entitled to an extension of the schedule to perform and compensation for any additional costs, and be excused from the performance of any affected obligation and discharged from all related liabilities. The above is without prejudice to any other rights and remedies available to the Hita- chi Energy under the price and/or the applicable laws. Change in Laws. Notwithstanding anything in this Contract to the contrary or other- wise, if after submission of Seller's firm Offer, the is a Change in Law, as defined herein, which affect Seller's performance of the Contract including but not limited to cost and/or time, Seller shall be entitled to an equitable adjustment to the Contract to: (i) the date of delivery or provisional acceptance, (ii) the Contract Price, which shall be increased by way of an added surcharge to compensate the Seller for any increase in costs, or (iii) any other of the Seller's commitments or obligations taking into account the impact of such change in law. For purposes of this provision, "Change in Law" means any change in any Applicable Laws or Applicable Codes and Standards as in effect on the Effective Date, including the enactment, adoption, promulgation, implementation of laws passed but not yet effective or imposition of any new Applicable Laws with substantively differ- ent terms, or change in the application or in the interpretation by any governmental au- thority of any Applicable Laws after the Effective Date. Any tariffs/custom duties, im- port/export restrictions or embargoes that may result from any executive orders, proclamations or other Applicable Laws that have been or will be issued after January 20th, 2025 shall be considered a Change in Law' event and entitle Hitachi Energy to eq- uitable adjustment of cost and price and extension of time of performance. THIS DOCUMENT CONTAINS PROPRIETARY INFORMATION AND MAY NOT BE DISCLOSED TO OTHERS WITHOUT PERMISSION FROM HITACHI ENERGY SECURITY LEVEL Internal QUOTE LETTER AND PROPOSAL HI ACHI Liquidated Damages Liquid damages are capped at 5 /o of purchase price and $500 per day. ..................................... .......� 3 Terms of Payment All prices are and based on the following progress payment terms unless specifically noted otherwise. Payments are due net-45 days after submittal of invoice unless noted otherwise. Payment Milestone Payment (% of Price) At Order Entry At Drawing Submission 10 % 10 % At Release to Manufacture (submittal of Firm drawings) 30 % After FAT 35 At Shipment/Freight Cost plus 20% 10 % p At Delivery After Final iin al oinpl tion of IlinstaH ation 50/( Service Payment Milestones Payment (% of Price) At Completion of Installation 100 % Note: If payment is not made when due, for above payment term, Purchaser shall pay, in addition to the overdue payment, a late charge equal to the lesser of 1.5% per month or any part thereof. THIS DOCUMENT CONTAINS PROPRIETARY INFORMATION AND MAY NOT BE DISCLOSED TO OTHERS WITHOUT PERMISSION FROM HITACHI ENERGY SECURITY LEVEL '',DOCUMENT ID ',REV PAGE Internal 10/17 QUOTE LETTER AND PROPOSAL HIACHI 4 Cancellation Schedule The Purchaser may cancel the order upon written notice and upon payment to Hitachi Energy of reasonable and proper cancellation charges. These charges will be based on the following schedule: Milestone Cancellation % of Price After order entry 20 % After submittal of approval drawings 40 % After receipt of copper and E-steel at the factory, prior to start of 80 % manufacture After start of manufacture 100 % Milestone - Services Services: After Scheduling 10 % Services: After Mobilization 30 Services: After Assembly 100 % Time period is from PO date or letter of Intent date to the date of receipt of written noti- fication of cancellation. Cancellation at "No Charge" may be made only if Hitachi Energy refuses to meet the terms of this agreement or the technical requirements of the appli- cable customer specification, excluding noted exceptions herein. 5 Warranty The Hitachi Energy Standard Warranty for the transformer shall apply for a period of sixty (60) months after energization or sixty-six (66) months from delivery whichever first occurs. ....................................................................................................................................................................................................................................................................................................................................................................................................................................................................................... Warranty only includes in -and -outs for the first 12 months and are capped at 10% of purchase price. During the entire warranty period, written verification will be required to validate that: — A factory approved insulating oil type has been maintained in the transformer. — The purchaser has fully complied with the maintenance schedule and documentation. The warranties and remedies set forth herein are conditioned upon the proper receipt, handling, storage and installation of the equipment supplied hereunder and upon the purchaser's completion and return of the Receiving Inspection, Unloading and Storage, THIS DOCUMENT CONTAINS PROPRIETARY INFORMATION AND MAY NOT BE DISCLOSED TO OTHERS WITHOUT PERMISSION FROM HITACHI ENERGY SECURITY LEVEL '',DOCUMENT ID ',REV PAGE Internal 11/17 QUOTE LETTER AND PROPOSAL HI ACHI and Installation check lists supplied with the transformer. The warranties and remedies are further conditioned upon the equipment having been operated and maintained in ac- cordance with Hitachi Energy's recommendations and standard industry practice, and not having been subjected to accident, alteration, abuse, or misuse. Hitachi Energy. will need free and clear access to the unit being repaired and the total Hitachi Energy's liability for the in and out costs is limited to 10 % of the price of the warranted equipment. 6 Approval Drawings Drawings for approval can be supplied according to the following schedule. The dates are in weeks after receipt of complete order information. Item Deliverable Lead Time (AAO) 1 Drawings CS daily 50 Weeks Hitachi Energy requires customer to approve and return drawings within 2 weeks of sub- mittal. Return of these drawings after the 2-week period may result in schedule delays. Shipments and drawing dates are subject to prior sales. 7 Transportation and Delivery Item Inco- Additional Shipping Terms Shipment (AAO) terms 2020 1 DAP Delivery at Place, not off-loaded 35 Months Lead times are subject to change based on availability of production space and/or mate- rials at time of order. Please contact your Hitachi Energy representative to confirm the lead time at order entry. Shipment date is contingent upon the Seller's ability to obtain a valid shipping clearance at the time of shipment. At the time of award, the purchaser is advised to confirm transformer dimensions and weights prior to proceeding with civil work. The transformers will be shipped by truck. Truck Shipment to destination is limited to sites that are accessible by original shipping vehicle. Seller assumes clear access to end destination, if obstructions are encountered it is the responsibility of the purchaser for their removal and or replacement. Seller shall not be responsible for any added costs or delivery delays caused by any state or local regulations that impede or restrict the ability of the original shipping vehicle to reach Buyer's destination. THIS DOCUMENT CONTAINS PROPRIETARY INFORMATION AND MAY NOT BE DISCLOSED TO OTHERS WITHOUT PERMISSION FROM HITACHI ENERGY SECURITY LEVEL '',DOCUMENT ID ',REV PAGE Internal 12/17 QUOTE LETTER AND PROPOSAL HI ACHI Road/ Rail and hauling transportation of heavy loads is based on current market rates and current transport limitations. Transportation price is offered at cost +20 % and is contingent on Seller's ability to obtain a valid shipping clearance at the time of shipment, subject to final transport drawing review, final route & site survey, and governing au- thorities permit approvals. Seller will use its best efforts to avoid any special or extra charges at time of delivery. If any exclusions shall apply at time of delivery, then any ex- tra costs shall be charged to the Purchaser at cost plus 20%. ........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................... Field services will be scheduled by the TRES team and communicated directly to the cus- tomer. Planned dates are included on the TRES letter, but more specific timing will be scheduled at a later date. ........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................... Services included in this proposal: 1. Loading at factory with Seller's overhead crane. 2. Lashing and securing of transformer. 3. Road/ Rail transport ( Provide one (1) suitable heavy-duty railcar per unit for transport -If Applicable) 4. Request for Road/ rail transport clearances. 5. Loading the transformer Unit onto the heavy hauling trailer. 6. Transport by heavy hauling trailer from offload location to site (based on 1 vehi- cle). 7. Application for road permits. 8. Loading accessories to highway trailers and delivery to site (truckloads within le- gal limits). 9. Setting on pad using Jack and Slide (J&S) system 25' or less, free access along- side the pad, assuming hard compacted ground, unloading at ground level, no di- rection changes or rotation of the transformer. 10.Offloading Accessories onsite at the same time as that of Transformer Unit - (no additional mobilizations included) Services not included in this proposal: 1. Improvements to roads, bridges, culverts, rail sidings, or other structures. Transport during road ban seasons (thaw period). 2. Delays or stoppage due to any reason beyond our direct control, including but not limited to; inclement weather, permitting delays, road construction or repairs, and bridge construction or repairs. 3. Special train imposed by rail companies and rider services. Special switching ser- vices. 4. Changes in the rail transport routing imposed by the railroads, at the time of de- livery. 5. Bridge engineering studies for road permits. 6. Bucket trucks and police escorts. THIS DOCUMENT CONTAINS PROPRIETARY INFORMATION AND MAY NOT BE DISCLOSED TO OTHERS WITHOUT PERMISSION FROM HITACHI ENERGY SECURITY LEVEL '',DOCUMENT ID ',REV PAGE Internal 13/17 QUOTE LETTER AND PROPOSAL HI ACHI 7. Removal of obstacles, route enabling works, bridge jumpers, and/or civil works. 8. Any required 3rd party / utility costs. 9. Subject to permitting and routing & clearance approval from DOT and North Amer- ican railroads. 10.Storage and double handling of loads. Demurrages and/or detentions, for causes beyond Seller control. 11.The use of mobile cranes for setting the transformer, or to assist during the opera- tion. 12.Any movement/turning requiring Self -Propelled Modular Trailer (SPMT) or other specialized equipment, which may be required due to complex moves. 13.Any wheel installation for moving the transformer. 14.The use of any equipment not mentioned in this offer. For example: but not lim- ited to gearless vessel, crane, gantry crane, etc. 15.Working on weekends, holidays and/or night hours. 16.Ground bearing capacity check and potential ground preparatory works at site to ensure the minimum capacity as per operation requirements. 17.Any type of work related to, but not limited to, clearing, spreading of abrasive, pruning, road or structural repair or rehabilitation, etc. 18.The use of tarpaulins for covering the cargo deliveries by truck. 19.Additional Mobilization for Off-loading of accessories from the trucks. All units will be shipped complete, insofar as shipping limitations permit. Parts removed for shipment must be field installed at purchaser's expense. Parts removed for shipping include, but not limited to: • Radiators & Fans • HV Bushings • Arresters • Terminal Chamber Purchase Order must make reference to all pertinent documentation, including acknowl- edgment of this proposal and complete shipping address with site contact information. 8 Maintenance and Instruction Manuals Hitachi Energy will supply hard bound copies of Maintenance and Instruction Manuals. These include certified test results, requested transformer pictures, and drawings. 9 Storage and Title Delivery - If the scheduled delivery of Equipment is delayed by the Purchaser, Hitachi Energy. may move the Equipment to a storage facility for the account of and at the risk of Purchaser whereupon it shall be deemed to be delivered. Purchaser shall reimburse seller for all costs of storage and handling incurred by seller. Storage and handling fees THIS DOCUMENT CONTAINS PROPRIETARY INFORMATION AND MAY NOT BE DISCLOSED TO OTHERS WITHOUT PERMISSION FROM HITACHI ENERGY SECURITY LEVEL '',DOCUMENT ID ',REV PAGE Internal 14/17 QUOTE LETTER AND PROPOSAL HI ACHI will be invoiced for payment on a monthly basis, until the Purchaser is able to accept de- livery of the Equipment. Storage fees include monthly inspections and preventive maintenance. Scheduled Milestone Percent of the Contract Price Upon Delivery to the storage facility 100% net 30 days Storage Fees Timing (Months) Crane Fee $13,000 0.5% of the unit contract price per week per transformer Month 1 1% of the unit contract price per week per transformer Month 2 1.5% of the unit contract price per week per transformer Month 3 2% of the unit contract price per week per transformer Months 4-6 INote„ Any Unit that its stored least the ::11.5th of Il:.)eceir°nbeir wiillll be subject to an addiitiioirlall :11_7% of the Unit contract 1piriice which wiillll be invoiced on January ::Il.st of the following yea ir, ** Units cannot be stored for irnoire than 6 IMonths ** 10 Additional Technical Information Manufacturing The proposed transformer shall be manufactured in Crystal Springs, MS. This facility is ISO 9001; ISO 14001 and OSHAS 18001 certified. All transformers are built and tested in accordance with applicable industry standards insofar as the purchaser's specification will permit. These standards, prepared by the American National Standards Institute (ANSI), National Electrical Manufacturer's Association (NEMA), Institute of Electrical and Electronic Engineers (IEEE) offer the best guide to tested and accepted practice in the areas to which they apply. Exception is taken to local, state, and other codes. Testing Standard (routine) tests will be made on all transformers. All tests will be made in ac- cordance with the latest revision of ANSI standard Test code C57.12.90, where applica- ble. The heat run test will be provided at no cost for the first unit of a design. There will be an additional charge of $7,500 per transformer for any heat run tests required on ther- mally duplicate units. THIS DOCUMENT CONTAINS PROPRIETARY INFORMATION AND MAY NOT BE DISCLOSED TO OTHERS WITHOUT PERMISSION FROM HITACHI ENERGY SECURITY LEVEL '',DOCUMENT ID ',REV PAGE Internal 15/17 QUOTE LETTER AND PROPOSAL HI ACHI Optional Tests may be made by Hitachi Energy. for internal purposes at no additional charge. Conditions for Erection and Commissioning Services Site services are offered at separate Hitachi Energy. service quotation document included with the bid package.. Technical Clarifications, Comments, and Exceptions Hitachi Energy will be providing control cabinets painted ANSI 70 grey inside and out. The back panel and the swing panels will be white paint. Hitachi Energy will be providing radiators from the approved following Vendors: Menk, Hi -Tech, & TTR Clarification for both items: 1. Hitachi Energy USA Inc clarifies our standard layer wound PA will be provided in this quote. 2. Paint, Primer and Painting/Coating procedure and thickness will be per Hitachi En- ergy USA Inc Crystal Springs Standard. 3. SEL2414 is included, SEL programming that it will be in customer's scope. 4. The insulating oil in LTC will be Mineral oil. 5. Exception to coil support full circumference clamping rings, Hitachi Energy USA Inc will offer one piece for top pressure ring and two pieces pressure ring on the bottom. 6. No busbars provided beyond LV Air Terminal Chamber. 7. Exception to paint inside of control cabinet white, we will provide ANSI 70 inside and out. 8. Hitachi Energy USA Inc will provide Reinhausen Type RMV-II-2000A 15 KV On Load Tap Changer and the LTC motor drive will be MD -IV. 9. Clarifications to IEEE standard, C57.148-2020, clause 5.17, Hitachi will not be providing the additional door switch contact indicating the door open/closed status as required by this clause. 10.Clarifications to IEEE standard, C57.148-2020, clause 6.6, Hitachi will not be providing the directional arrows on the wire markers as required by this clause. THIS DOCUMENT CONTAINS PROPRIETARY INFORMATION AND MAY NOT BE DISCLOSED TO OTHERS WITHOUT PERMISSION FROM HITACHI ENERGY SECURITY LEVEL '',DOCUMENT ID ',REV PAGE Internal 16/17 QUOTE LETTER AND PROPOSAL 11 Attachments Ref # Document Title 1 Hitachi Energy General Terms and Conditions of Sale 2 Technical Performance Specification 3 Hitachi Energy's Standard Warranty 4 Field Service Proposal/Field Rate Sheet 6 Preliminary Outline 7 Fill in Data HI ACHI Thank you for considering Hitachi Energy. for your power transformer requirements. We welcome the opportunity to speak with you concerning our proposal or any other ques- tions you may have. Best Regards, Joseph Ness Tendering & Proposals Manager Hitachi Energy USA Inc. Mobile: +1 919-802-8074 Email: joseph.ness@hitachienergy.com THIS DOCUMENT CONTAINS PROPRIETARY INFORMATION AND MAY NOT BE DISCLOSED TO OTHERS WITHOUT PERMISSION FROM HITACHI ENERGY SECURITY LEVEL '',DOCUMENT ID ',REV PAGE Internal 17/17 'll C(125 I"GINfkfay} J0110 C;!)MRMI DOCLIMENIS COhnMl"[fEF; CONTRACTOR (name and address): OWNER (name and address): CONSTRUCTION CONTRACT Effective Date of the Agreement: Amount: Description (name and location): PERFORMANCE BOND SURETY (name and address of principal place of business): BOND Bond Number: Date (not earlier than the Effective Date of the Agreement of the Construction Contract): Amount: Modifications to this Bond Form: ❑ None ❑ See Paragraph 16 Surety and Contractor, intending to be legally bound hereby, subject to the terms set forth below, do each cause this Performance Bond to be duly executed by an authorized officer, agent, or representative. CONTRACTOR AS PRINCIPAL (seal) Contractor's Name and Corporate Seal By: Signature Print Name SURETY Surety's Name and Corporate Seal By: Signature (attach power of attorney) Print Name Title Title Attest: Attest: Signature Title Title Signature (seal) Notes: (1) Provide supplemental execution by any additional parties, such as joint venturers. (2) Any singular reference to Contractor, Surety, Owner, or other party shall be considered plural where applicable. EJCDC® C-610, Performance Bond Copyright © 2013 National Society of Professional Engineers, American Council of Engineering Companies, and American Society of Civil Engineers. All rights reserved. 1 of 2 4. 6. The Contractor and Surety, jointly and severally, bind themselves, their heirs, executors, administrators, successors, and assigns to the Owner for the performance of the Construction Contract, which is incorporated herein by reference. If the Contractor performs the Construction Contract, the Surety and the Contractor shall have no obligation under this Bond, except when applicable to participate in a conference as provided in Paragraph 3. If there is no Owner Default under the Construction Contract, the Surety's obligation under this Bond shall arise after: 3.1. The Owner first provides notice to the Contractor and the Surety that the Owner is considering declaring a Contractor Default. Such notice shall indicate whether the Owner is requesting a conference among the Owner, Contractor, and Surety to discuss the Contractor's performance. If the Owner does not request a conference, the Surety may, within five (5) business days after receipt of the Owner's notice, request such a conference. If the Surety timely requests a conference, the Owner shall attend. Unless the Owner agrees otherwise, any conference requested under this Paragraph 3.1 shall be held within ten (10) business days of the Surety's receipt of the Owner's notice. If the Owner, the Contractor, and the Surety agree, the Contractor shall be allowed a reasonable time to perform the Construction Contract, but such an agreement shall not waive the Owner's right, if any, subsequently to declare a Contractor Default; 3.2. The Owner declares a Contractor Default, terminates the Construction Contract and notifies the Surety; and 3.3. The Owner has agreed to pay the Balance of the Contract Price in accordance with the terms of the Construction Contract to the Surety or to a contractor selected to perform the Construction Contract. Failure on the part of the Owner to comply with the notice requirement in Paragraph 3.1 shall not constitute a failure to comply with a condition precedent to the Surety's obligations, or release the Surety from its obligations, except to the extent the Surety demonstrates actual prejudice. When the Owner has satisfied the conditions of Paragraph 3, the Surety shall promptly and at the Surety's expense take one of the following actions: 5.1. Arrange for the Contractor, with the consent of the Owner, to perform and complete the Construction Contract; 5.2. Undertake to perform and complete the Construction Contract itself, through its agents or independent contractors; 5.3. Obtain bids or negotiated proposals from qualified contractors acceptable to the Owner for a contract for performance and completion of the Construction Contract, arrange for a contract to be prepared for execution by the Owner and a contractor selected with the Owners concurrence, to be secured with performance and payment bonds executed by a qualified surety equivalent to the bonds issued on the Construction Contract, and pay to the Owner the amount of damages as described in Paragraph 7 in excess of the Balance of the Contract Price incurred by the Owner as a result of the Contractor Default; or 5.4. Waive its right to perform and complete, arrange for completion, or obtain a new contractor, and with reasonable promptness under the circumstances: 5.4.1. After investigation, determine the amount for which it may be liable to the Owner and, as soon as practicable after the amount is determined, make payment to the Owner; or 5.4.2. Deny liability in whole or in part and notify the Owner, citing the reasons for denial. If the Surety does not proceed as provided in Paragraph 5 with reasonable promptness, the Surety shall be deemed to be in default on this Bond seven days after receipt of an additional written notice from the Owner to the Surety demanding that the Surety perform its obligations under this Bond, and the Owner shall be entitled to enforce any remedy available to the Owner. If the Surety proceeds as provided in Paragraph 5.4, and the Owner refuses the payment or the Surety has denied liability, in whole or in part, without further notice the Owner shall be entitled to enforce any remedy available to the Owner. If the Surety elects to act under Paragraph 5.1, 5.2, or 5.3, then the responsibilities of the Surety to the Owner shall not be greater than those of the Contractor under the Construction Contract, and the responsibilities of the Owner to the Surety shall not be greater than those of the Owner under the Construction Contract. Subject to the commitment by the Owner to pay the Balance of the Contract Price, the Surety is obligated, without duplication for: 7.1. the responsibilities of the Contractor for correction of defective work and completion of the Construction Contract; 7.2. additional legal, design professional, and delay costs resulting from the Contractor's Default, and resulting from the actions or failure to act of the Surety under Paragraph 5; and 7.3. liquidated damages, or if no liquidated damages are specified in the Construction Contract, actual damages caused by delayed performance or non-performance of the Contractor. 8. If the Surety elects to act under Paragraph 5.1, 5.3, or 5.4, the Surety's liability is limited to the amount of this Bond. 9. The Surety shall not be liable to the Owner or others for obligations of the Contractor that are unrelated to the Construction Contract, and the Balance of the Contract Price shall not be reduced or set off on account of any such unrelated obligations. No right of action shall accrue on this Bond to any person or entity other than the Owner or its heirs, executors, administrators, successors, and assigns. 10. The Surety hereby waives notice of any change, including changes of time, to the Construction Contract or to related subcontracts, purchase orders, and other obligations. 11. Any proceeding, legal or equitable, under this Bond may be instituted in any court of competent jurisdiction in the location in which the work or part of the work is located and shall be instituted within two years after a declaration of Contractor Default or within two years after the Contractor ceased working or within two years after the Surety refuses or fails to perform its obligations under this Bond, whichever occurs first. If the provisions of this paragraph are void or prohibited by law, the minimum periods of limitations available to sureties as a defense in the jurisdiction ofthe suit shall be applicable. 12. Notice to the Surety, the Owner, or the Contractor shall be mailed or delivered to the address shown on the page on which their signature appears. 13. When this Bond has been furnished to comply with a statutory or other legal requirement in the location where the construction was to be performed, any provision in this Bond conflicting with said statutory or legal requirement shall be deemed deleted herefrom and provisions conforming to such statutory or other legal requirement shall be deemed incorporated herein. When so furnished, the intent is that this Bond shall be construed as a statutory bond and not as a common law bond. 14. Definitions 14.1. Balance of the Contract Price: The total amount payable by the Owner to the Contractor under the Construction Contract after all proper adjustments have been made including allowance for the Contractor for any amounts received or to be received by the Owner in settlement of insurance or other claims for damages to which the Contractor is entitled, reduced by all valid and proper payments made to or on behalf of the Contractor under the Construction Contract. 14.2. Construction Contract: The agreement between the Owner and Contractor identified on the cover page, including all Contract Documents and changes made to the agreement and the Contract Documents. 14.3. Contractor Default: Failure of the Contractor, which has not been remedied or waived, to perform or otherwise to comply with a material term of the Construction Contract. 14.4. Owner Default: Failure of the Owner, which has not been remedied or waived, to pay the Contractor as required under the Construction Contract or to perform and complete or comply with the other material terms of the Construction Contract. 14.5. Contract Documents: All the documents that comprise the agreement between the Owner and Contractor. 15. If this Bond is issued for an agreement between a contractor and subcontractor, the term Contractor in this Bond shall be deemed to be Subcontractor and the term Owner shall be deemed to be Contractor. 16. Modifications to this Bond are as follows: None. EJCDC® C-610, Performance Bond Copyright © 2013 National Society of Professional Engineers, American Council of Engineering Companies, and American Society of Civil Engineers. All rights reserved. 2 of 2 GENERAL REQUIREMENTS PART 1 - GENERAL 1.01 DEFINITION OF TERMS Addenda: Changes or information applying to the Plans and Specifications. Addenda are issued prior to opening of Bids. Bidder: Any individual, firm or corporation submitting a Proposal for the Work under their own name. Bond: The Performance/Maintenance bond or the Payment Bond executed by the Contractor and the Contractor's Surety in favor of the Owner, guarantying the faithful performance of the obligations assumed by the Contract and the payment of all debts pertaining to the Work. Change Order: A written order by the Engineer for changes or alterations in the Work. Change Orders are issued after the opening of Bids. Clerk or Secretary: The one who keeps the records and correspondence of the Owner. Contract: The written agreement between the Contractor and the Owner setting forth the terms and conditions under which the Work is to be accomplished and all documents incorporated therein by reference. Contractor: Any individual, firm or corporation contracting as the Party of the Second Party in the Contract. Employee: Any person employed on the Work to which the Specifications apply and who is under the direction or control of or receives compensation from the Contractor or a Subcontractor. Engineer: DeWild Grant Reckert and Associates Company, dba DGR Engineering, 1302 South Union Street, Rock Rapids, IA 51246. The Engineer is the general administrator of the Contract. Notice: Advertisement forbids, advertising the date and time for hearing objections and/or opening and reading bids on the Work. Owner: The Party of the First Part as represented by Council, commission, or Board of Trustees of the City, Utility, or the individual or firm for whom the Work is performed. Plans (Drawing ): Graphic and pictorial representations of the design, location and dimensions of the Work. P:A04\285\09\1))cASpPc\X9`arrr\Hutchins,on MN 11wr X9`arrr Pland Spec 428.509.docx GPI I Project: The total construction authorized by the Owner as a single program of which the Work may constitute a whole or a part. Proposal (Bid) Guaranty The security, required by Notice and the Proposal, to be furnished by the Bidder as a guaranty that the Bidder will enter into Contract for Work awarded to the Bidder and furnish an acceptable Bond. Specifications: The Instructions to Bidders, General Conditions, Special Conditions and Technical descriptions of material, equipment, construction systems, standards and workmanship applicable to the Work. Subcontractor: Any individual, firm or corporation who has, with the approval of the Owner, contracted with the Contractor to execute and perform in the Contractor's stead all or any part of the Contract. Superintendent: The Contractor's authorized representative in responsible charge of the Work. Surely: The corporate body bound with and for the Contractor for the acceptable performance of the Contract. The Work: The materials, equipment and labor necessary for the construction of the improvement as indicated in the Specifications, on the Plans, or as set forth in the Contract. Treasurer: The duly designated Treasurer of the Owner. 1.02 SUMMARY: A. Materials shall be supplied as specified herein, and shall be in accordance with the applicable NEMA, ANSI, IEEE, IPCEA, ASTM Standards, NEC, and the Standards of the Underwriter's Laboratory. 1.03 CONTRACT AWARD: A. The Owner will award one (1) Contract for the purchase of one (1) or two (2) Power Transformer(s) of the Base Bid, or the Alternate Bid, as deemed in the best interest of the Owner. The following dates represent the proposed schedule for this Contract: April 15, 2026 Bid Opening April 29, 2026* Owner Awards Contract April 2, 2029 + Delivery and Offload of Power Transformer April 17, 2029 + Field assembly and testing complete * Date subject to change. P:A04\285\09\1D.)cASpPc\X9`arrr\Hutchins,on MN 11wr X9`arrr Pland Spec 428.509.docx GPI 2 + Contract Price deductions (liquidated damages) apply to these dates. Delivery of the transformer is desired to be no earlier April 2, 2029 and no later than August 31, 2029. Based on current material availability, both later and earlier delivery dates will be considered by the Owner. 1.04 SUBMITTALS: A. In addition to any Drawings and data submitted with the bid, the Contractor, after award of the Contract and before proceeding with the manufacture of the material, shall furnish the Engineer electronic copies of all design calculations, data sheets and Drawings covering the design and installation of the material for approval. B. The Contractor shall submit structural details and Drawings of the transformer outline, schematics, and wiring diagrams for approval. All Drawings shall be approved prior to fabrication. C. The Contractor shall be responsible for all Drawings required to fully document the function of all equipment internal to the control panels. The Contractor shall also note external equipment connections on the wiring diagrams. D. The Contractor shall supply to the Engineer an electronic copy in .pdf and an AutoCAD compatible format of each of the above -mentioned Drawings for all submittals. E. Drawings submitted shall be in 11" x 17" format. F. Drawings shall be transmitted with a cover letter and such letter shall indicate the submittal numbers, Drawings included in transmittal, and date sent. G. Approval of final Contractor's Drawings or data by the Engineer shall not relieve the Contractor of any part of his responsibility to meet all the requirements of this specification or as to the correctness of his Drawings and data. Further, approval of the Engineer does not relieve the Contractor of responsibility for the adequacy of the design. H. Shop Drawings for all material (including outline, BOM, and nameplate) shall be submitted within 26 weeks of award. All control wiring shop drawings shall be submitted within 52 weeks of award or 70 weeks prior to delivery (whichever is sooner). L Allow 2-3 weeks for the Engineer's review of the shop Drawings. J. See the Technical Specifications for additional submittal requirements. 1.05 INSTRUCTION MANUALS: A. In addition, the Contractor shall, under separate cover, furnish: P:A04\285\09\1D.)cASpPc\X9`arrr\Hutchins,on MN 11wr X9`arrr Pland Spec 428.509.docx GPI 3 1. Three (3) copies of instruction manuals, 2. Three (3) copies of certified "as -built" drawings, and, 3. Electronic versions of drawings in AutoCAD format and manuals in PDF format. B. The instruction manual shall contain a list of recommended spare parts. 1.06 SHIPPING AND DELIVERY PROCEDURES: A. The Bid(s) shall include F.O.B to the transformer pad at the Project location in Hutchinson, MN. The Project site address is as follows: Plant 1 Substation 44 41h Avenue N Hutchinson, MN 55350 B. Contractor shall notify the Owner when equipment is ready for shipment at least seven (7) days prior to delivery. In addition, seller shall advise the Owner of method of shipment, projected routing and estimated time in shipment. C. Contractor shall notify the Engineer by telephone when equipment is ready for shipment, AT LEAST 48 HOURS PRIOR TO DELIVERY. D. Title to the equipment shall pass to the Owner upon acceptance testing and checkout of the equipment and receipt of all required documentation. E. Deliveries Accepted: Monday -Friday, 8:00 AM — 3:00 PM, working days only. F. Contractor shall also coordinate delivery in advance with the Owner's substation construction Contractor to ensure that site preparations are complete and the Contractor can schedule to be on -site during delivery of the equipment. G. The Contractor shall coordinate delivery locations with the Owner and Engineer. H. The transformer must adhere to the size constraints laid out in the technical Specifications. L The seller shall investigate all limitations in regard to shipping and offloading the equipment and include the costs for such limitations in the Bid. The transformer shall be shipped as completely assembled as transportation limits allow. J. The transformer shall be shipped on a cushioned low -boy truck recently inspected and determined to be 100 percent operable, or other means agreed to by Owner. If rail delivery is used, the Contractor shall furnish transportation and loading of transformer from the appropriate rail siding to the job site. P:A04\285\09\1D.)cASpPc\X9`arrr\Hutchins,on MN 11wr X9`arrr Pland Spec 428.509.docx GPI 4 K. A minimum of two (2) separate three -directional impact recorders shall be installed on the truck, railroad car, or any other means of transportation for the transformer during the entire shipping process. The impact recorders shall be mounted on the truck, railcar, or other transportation means prior to shipment. Correct operation of all impact recorders shall be confirmed before shipment leaves the factory. Impact recorder results shall be provided to the Engineer, in an electronic file format via E-mail. L. The transformer shall be shipped with the vacuum/pressure gauges installed and connected. Prior to shipment, the seller shall affix signed and dated weatherproof tags to the vacuum/pressure gauges listing the gauge readings, the ambient temperature, and the barometric pressure at the time of reading. Transformer shall be shipped with a dry -air or dry nitrogen sealed tank oil preservation system to assure positive pressure. M. Prior to shipment, all gauge and indicator glass shall be thoroughly cleaned and covered with non -adhesive shipping protectors. N. Insulating oil, if shipped separately, shall be delivered to the construction site F.O.B. destination, freight prepaid. For transformers shipped dry, oil shall be delivered by tank truck. For transformers shipped oil filled, any make up oil of quantities less than 1,000 gallons shall be provided in 55 gallon non -returnable drums. O. If the transformer is shipped without oil, the transformer Contractor shall include in their base bid price the cost of vacuum oil filling the unit in the field. P. Bushings shall be shipped in crates suitable for long term storage, either in an upright position or at an incline as specified by the manufacturer. These storage requirements shall be clearly marked on the shipping container. 1.07 INSURANCE REQUIREMENTS: A. General - The Contractor shall secure and maintain such insurance policies which will protect that Contractor and unless otherwise specified, the Owner and its agents, from claims for bodily injuries, death or property damage, which may arise from operations under this Contract whether such operations be by the Contractor or anyone employed directly or indirectly by them. The Contractor shall not commence work under this Contract until the Contractor has obtained all insurance required herein and such insurance has been approved by the Owner. The Contractor shall deliver to the Owner executed copies of all policies or a certificate of insurance. No policy shall be canceled until thirty (30) days after notice of cancellation is given to the Owner in writing. The Contractor agrees to hold harmless, indemnify and defend the Owner and its agents from all loss and damage, including damage to person or property, arising from any act by, or negligence of, Contractor or its Subcontractors or the officers, agents, or Employees of either while engaged in the performance of this Contract, or while in or about the building or premises, or rising from accident or any injury not caused by act of Owner or P:A04\285\09\1D.)cASpPc\X9`arrr\Hutchins,on MN 11wr Xt'mr Pland Spec 428.509.docx GPI 5 Owner's agents, its agents or servants, or anyone employed by Owner, other than this Contractor, to any Contractor or officer, agent, or Employee of a Subcontractor while engaged in or about the performance of this Contract, or while in or about Owner's premises, or arising from liens or claims for services rendered or labor or materials furnished in or for the performance of this Contract. Coverages and Limits: The Contractor shall provide insurance to include a minimum of the following coverages and associated limits: Coverage Worker's Compensation Employer's Liability 2. Comprehensive General Liability - Combined Single Limit 3. Automobile Liability - Combined Single Limit 4. Umbrella (Excess) Liability Limits Statutory $500,000 each Employee $500,000 each disease $500,000 each accident $1,000,000 each occurrence $2,000,000 aggregate $1,000,000 each occurrence $2,000,000 each occurrence Additional Insured: The Owner, Engineer, and each of their employees, officers or agents shall be named as an additional insured under the prime Contractor's insurance policies and the Owner and Engineer shall be listed as an additional insured on all certificates of insurance. Owner: Hutchinson Utilities Commission its employees and officials 225 Michigan Street SE Hutchinson, MN 55350-1905 Engineer: DeWild Grant Reckert and Associates Company dba DGR Engineering 1302 South Union Street Rock Rapids, IA 51246 C. Casualty Insurance: Except when the risk of loss of the Equipment is with Owner, Contractor shall maintain on the Equipment insurance against loss or damage by fire, lightning and all other risks covered by the so-called extended coverage insurance endorsement in an amount equal to the full insurable value of the Equipment. Upon the request of Owner, Contractor shall deliver to Owner a certificate of insurance evidencing the insurance required by this section. P:A04\285\09\1D.)cASpPc\X9`arrr\Hutchins,on MN 1'wr X9`arrr Pland Spec 428.509.docx GR 6 1.08 WARRANTY: A. Contractor shall furnish a standard warranty package with the material. B. The warranty shall be in effect sixty (60) months from date of energization. C. Shall be comprehensive, without deductibles, and shall cover all equipment furnished by Contractor, whether or not it was manufactured by the Contractor. D. Warranty shall be a 60-month in/out warranty, including, but not limited to, the following: 1. Removal of transformer from service. 2. Disconnecting primary and secondary conductors and control cables. 3. Draining of oil. 4. Loading, hauling and delivery of transformer to repair facility. 5. Inspection and repair of the transformer. 6. Loading, hauling, and delivery of the transformer to the Owner's site. Warranty shall be extended for the time the transformer is out of service for repairs. 7. Unloading transformer and filling oil. 8. Reconnecting primary and secondary conductors and control cables. 9. Completing all necessary field-testing services. E. All repair parts, labor, and travel expenses necessary for repairs at the job site shall be included. F. A warranty certificate shall be provided in the instruction manual identifying the warranty expiration date and any special terms or conditions. 1.09 TERMS AND CONDITIONS: A. The Bidder is invited to attach their standard patent protection and liability limitation conditions, but shall not include any other terms and conditions to this bid. Any terms or conditions submitted with the Bid other than the terms or conditions herein listed shall be grounds for disqualification of bid. All additional costs required to meet this specification shall be deemed to be included in the base price. * * * END OF SECTION P:A04\285\09\1?.)cASpPc\X9`arrr\Hutchins,on MN 11wr X9`arrr Pland Spec 428.509.docx CAS 7 TECHNICAL SPECIFICATIONS PART 1 - GENERAL 1.01 SCOPE: A. The Advertisement for Bids, Instructions to Bidders, Bid Form, and General Requirements of the Contract are hereby made part of this Section. B. Work under this Section includes supplying, assembling testing and completing field services of the power transformer(s) as herein specified. 1.02 PAYMENT: A. Payment shall be at the Contract unit prices as shown on the Bid Form. B. Payment schedule shall be as defined in the Material Agreement. C. Purchase Price Adjustment: 1. The Contract price of the power transformers shall be adjusted to reflect the difference between actual transformer test losses and the guaranteed transformer losses submitted with the Bid. 2. The adjustments shall be made in accordance with the per kW "cost of losses" submitted. 3. No adjustment in Contract price shall be made if both test losses are less than the guaranteed losses. 4. The load and no-load losses will be evaluated independent of each other. a. If one (1) of the loss factors meets or is below the guaranteed losses the resultant evaluation assessment will be zero (0) and no credit will be added to the other loss evaluation assessment. 5. Reported losses shall be tested atthe ONAN base rating of each transformer. Winding losses shall be corrected to 75°C; no-load losses shall be reported at 20°C. 1.03 DRAWINGS AND MANUALS A. Approval Drawings: 1. Submit as electronic files in AutoCAD and .pdf compatible formats via e- mail to the Engineer. P:A04\285\09\DocASpecAXfinr\Hutchinson MNPwr Xfiur Plantl_Spec 428509.docx Tr i 2. Drawings shall be no larger than 11" x 17" 3. Drawings and instructions shall be submitted to the Engineer prior to manufacturing of each transformer. B. Final Drawings and Images: 1. Furnish three (3) paper sets and one (1) electronic .pdf and AutoCAD files of the following: a. Nameplate drawing. b. Outline of main tank and associated equipment. C. Outline of air terminal chamber. d. Control schematics and wiring diagrams of all equipment. e. Connection diagrams. f. Outline of arresters and bushings. g. Instruction books for transformer and all equipment. 2. Provide maintenance schedule of all the transformer components. The Contractor shall furnish a complete schedule of the maintenance items. The schedule shall state how often and what steps shall be performed during maintenance. 3. Furnish all final Drawings no later than ten (10) days following the final test of equipment. 4. Submit electronic files on a flash drive or via a secure cloud file sharing service. 5. High resolution digital color photographs of the core and coils before installation in the transformer tank shall be taken from each side, each end, and the top for all transformers. Photos shall be submitted to Engineer after assembly of core and coils. Prints of photos shall be included in each instruction book furnished. Pictures shall also be provided to the Engineer promptly after being taken. C. All drawings, manuals, nameplates, including nameplates for auxiliary devices shall be printed in English. P:A04\285\09\DocASpecAXfinr\Hutchinson MNPwr Xfiur Plantl_Spec 428509.docx Trs 2 PART 2 - PRODUCTS 2.01 SERVICE CONDITIONS AND STANDARDS: A. The transformers shall be newly manufactured units and comply with and meet or exceed all applicable standards of ANSI and NEMA. The latest revision of these standards shall apply and are not limited to the following specific standards. B. The transformers shall be designed and built to meet the most recent requirements outlined in IEEE C57.12.00 and IEEE C57.12.90. C. The transformers covered by this specification, shall meet the Short -Circuit Qualification Requirements given in ANSI Standard C57.12.90 entitled "Distribution and Power Transformer Short -Circuit Test Code", prepared by IEEE Transformer Committee as an amplification of ANSI Standard C57.12.00, Section 7, entitled "Short -Circuit Characteristics". The bidder shall submit, with the Bid, certified short-circuit test data for a transformer of the same manufacturer, type and style, with similar size and voltage ratings. D. The transformer oil supplied with the transformers, covered in this specification, shall comply with the most recent version of ASTM D3487, "Mineral Oil Used in Electrical Apparatus". E. The design of the equipment must conform to current OSHA and NESC regulations and requirements. F. In the event of a conflict between industry standards and this specification, the Contractor shall notify the Engineer and secure clarification resolving the conflict before proceeding with the work. G. The equipment shall be designed for satisfactory service for the ice and wind loads of NESC heavy loading district. H. The equipment shall be suitable for outdoor service at an elevation of not more than 3,300 feet above sea level in a climate with ambient temperatures ranging from -400 C to +400 C. I. The equipment shall be designed to withstand the seismic loads as defined and calculated in IEEE 693 "IEEE Recommended Practice for Seismic Design of Substations (current revision)" for the final transformers at the installation location. The equipment shall continue to perform their intended function during and after such seismic stresses. J. All components shall be readily available in the United States and identifiable by manufacturer's name and part number. P:A04\285\09\DocASpecAXfinr\Hutchinson MNPwr Xfiur Plantl_Spec 428509.docx Trs 3 2.02 TRANSFORMER RATINGS: A. The general purpose shall be for use as an outdoor, three phase, 60 Hz, oil immersed transformer. B. The transformers shall be 115 kV Delta to 13.8 Y/7.97 kV with the following ratings: High Voltage Low Voltage H-Winding X-Winding Basic Insulation Level 550 kV 110 kV (BIL) Basic Insulation Level 110 kV (BIL) of Neutral Winding MVA @ Base: 25 550C ONAN Alt: 22.3 Winding MVA @ Base: 33.33 550C ONAF (1st Stage) Alt: 29.7 Winding MVA @ Base: 41.67 550C ONAF (2nd Stage) Alt: 37.2 Same as Winding MVA @ Base: 28 H-Winding 650C ONAN Alt: 25 Winding MVA @ Base: 37.33 650C ONAF (1st Stage) Alt: 33.33 Winding MVA @ Base: 46.67 650C ONAF (2nd Stage) Alt: 41.67 Winding Connections Delta Wye System Neutral Grounded C. The high voltage winding shall be equipped with full capacity de -energized high voltage taps of ± two (2) 2-1/2 percent above and below both high voltage ratings. D. The transformers shall be designed for operation within standard excitation limits. Noise level shall not exceed 3 DB below NEMA standard average audio levels at rated full nameplate rating and any operating position with all fans on. E. Standard impedance shall be according to ANSI standard C57.12.10. P:A04\285\09\DocASpecAXfinr\Hutchinson MNPwr Xfiur Plantl Spec 428509.docx Trs 4 F. No current path components, ancillary equipment or other design aspects shall limit use of full peak -load capabilities as defined in these ANSI loading limits. 2.03 CONTROL POWER: A. Control power for the rapid rise relay shall be ungrounded 125 VDC. All equipment shall be capable of being operated at 139.9 VDC when the station battery is being equalize charged. The equipment control power shall have the rating to withstand swing from 0 to 139.9 VDC. 2.04 AUXILIARY POWER: A. All auxiliary equipment shall be single phase and shall be capable of accepting a 120/208/240 VAC single phase, 60 HZ source. 2.05 SURGE PROTECTION AND GROUNDING: A. Surge arresters, as specified below, shall be supplied and installed on each phase and mounted to the transformer tank. Arresters shall be furnished for both the high and low side. The low side surge arresters shall be mounted above the X bushings. Arresters shall be light gray in color. Arrester ratings shall be as follows: (3) High side - 96 kV metal oxide varistor (MOV), with MCOV rating of 76 kV, station class arresters. (3) Low side - 12 kV metal oxide varistor (MOV), with MCOV rating of 10.2 kV, station class arresters. Furnish Ohio Brass or ABB, no equal. B. A copper ground bar (1/4" x 3" minimum) shall be provided for connecting the surge arresters to the ground grid. The bar shall be mounted to the tank and routed from the bottom of the tank to the surge arresters and back to the bottom of the tank in a looped configuration. The copper bar shall have holes for connecting a 2-hole NEMA pad at each end and at each surge arrester. The copper ground bar shall be on both the high and low sides. The system neutral shall be connected to the low side ground bar with 4/0, 19 strand class B copper cable (bare). The copper ground bar for each side shall terminate at a grounding pad. The arresters shall be tied to the copper ground bar with 4/0, 19 strand class B copper cable (bare). C. Grounding pads shall be located diagonally opposite each other on the transformers. Each pad should be suitable for a NEMA 2-hole grounding terminal. The only additional ground connections required in the field shall be the installation of ground connectors to the substation ground grid. P:A04\285\09\DocASpecAXfinr\Hutchinson MNPwr Xfiur Plantl_Spec 428509.docx Trs 5 2.06 COOLING EQUIPMENT: A. Cooling equipment controls, cable and mounting accessories shall be provided, ready for connection of the power supply. B. The transformers shall be equipped with fans and radiators. C. The fan power supply shall be 240/208 volts AC single phase. D. All conduit, wiring, and automatic controls shall be pre -wired at the factory and controls located in the transformer control box. E. The controls shall include a 240/208 volt power supply breaker, control contactor, "manual" -"off' -"automatic" switch, and a loss of voltage relay with one set of contacts open when the relay is energized for use in relaying "loss of voltage" signal to the transformer monitor. 27-AC Main Loss of AC = SEL-2414, Customer TB F. Furnish an AC current sensor on each stage of fans, to signal to a remote location when the fans are operating. 4X-1 — Stage 1 Fans Running = SEL-2414, Customer TB 4X-2 — Stage 2 Fans Running = SEL-2414, Customer TB G. Cooling selector control switches shall be included: 43A-1 — Stage 1 Cooling. MAN -OFF -AUTO = SEL-2414, Customer TB 43A-2 — Stage 2 Cooling. MAN -OFF -AUTO = SEL-2414, Customer TB 43C — Cooler Sequence. STAGEI-STAGE2 = SEL-2414, Customer TB H. An alarm for loss of AC Power for each cooling system stage shall be provided. 27-1 Stage 1 Fans Loss AC = SEL-2414, Customer TB 27-2 Stage 2 Fans Loss AC = SEL-2414, Customer TB L Sensing for the fan control shall be from the hot spot winding temperature indicator and via the SEL-2414 output contacts driven by the winding temperature RTD and top oil temperature RTD inputs. J. Forced air cooling fans shall have plug-in type connectors. Furnish Krenz Vent, California Turbo, or Waukesha Electric, no equal. K. Removable radiators shall have oil tight valves on the tank at the inlet and outlet connections of each radiator. Inlet and outlet flanges shall be sealed with steel plates for shipment. Removal of radiator shall not require draining of oil from any device other than the equipment being removed. Radiators shall be fully assembled and attached to the tank during testing at the factory, to assure proper alignment prior P:A04\285\09\DocASpecAXfinr\Hutchinson MNPwr Xfiur Plantl_Spec 428509.docx Trs 6 to shipping. All radiators shall be interchangeable and hot dipped galvanized. Each radiator section shall have a drain valve (with end -plug) and a top fill plug. 2.07 CURRENT TRANSFORMERS: A. Current transformers shall be factory installed. B. The current transformers shall be multi -ratio with five (5) primary taps and relaying accuracy class of C800, with fully distributed windings where the turns are equally spaced around the circumference of the core and a thermal rating of 2.0. Available ratios shall be in accordance with ANSI/IEEE C57.13. C. Furnish CTs as follows: Bushings CT Position Ratio Accuracy H1, H2, H3 1 1200/5 MR C800 2 1200/5 MR C800 X1, X2, X3 1 2000/5 MR C800 2 2000/5 MR C800/0.15SB1.8 MA XO 1 2000/5 MR C800 D. Separate CTs shall be provided for the winding hot spot temperature indication circuit and the LTC line drop compensator circuit. E. Acceptable CT manufacturers are ABB, Associated Engineering, General Electric, or Meramec, no equal. 2.08 BUSHINGS: A. Bushings shall be in accordance with ANSVIEEE Standard C57.19.01-2000. B. Bushings shall be porcelain ANSI No. 70 light gray color. Only ABB, PCORE, or WARCO bushings are acceptable, no equal. C. High voltage bushings shall be porcelain, cover mounted, and installed in Segment 3. A NEMA 4-hole aluminum terminal pad shall be provided for each of the bushings. D. Low voltage bushings and the neutral (XO) bushing shall be side tank mounted inside the air terminal chamber (ATC). Terminals shall be standard NEMA 4 bolt, 1-3/4 inch spacing. Bushings shall be suitable for copper -cable connections. E. Bushing general requirements and testing shall conform to ANSPIEEE Standard C57.19.100. Bushings shall have a C1 power factor of <0.5% and a C2 power P:A04\285\09\DocASpecAXfinr\Hutchinson MNPwr Xfiur Plantl_Spec 428509.docx Trs 7 factor of <1.0% at 20°C. C1 and C2 power factor values and capacitance shall be indicated on the bushing nameplate. A certified test report shall be supplied for each bushing. F. The transformers shall be tested with the bushings that will be shipped with the units. Test bushings are not allowed. G. Busbar extensions shall be provided from the low -side bushings in the ATC to serve as a termination point for the external power cables to be installed by Others (up to a minimum of (4) 1000 mcm Cu cables per phase). These extensions shall be configured to provide ample clearance between the arresters and the cable shield grounds on the power cable terminators being installed by Others. The arresters shall not be used to support the cables and shall be mounted above the terminations to avoid clearance issues. The bus shall be sized for 125% of full transformer capacity, and shall be fixed with the necessary support insulators, as required. Terminals shall be standard NEMA 4 hole, with 1-3/4 inch spacing for external power cable terminations. H. The arresters (mounted above the low -side bushings) shall be factory connected to the low -side bushings or busbar with a 4/0, 19 strand class B copper cable (bare) and 2-hole NEMA pads. Bus -bar extensions shall be capable of handling connections of twelve (12) separate power cables for each phase and neutral. I. Bushing busbar supports shall be furnished. Busbar supports shall attach to the busbar in an independent hole other than the cable connection holes. Busbar support mounting shall be constructed of insulating material with adjustable means to increase or decrease tension. Busbar supports shall be attached to the air terminal chamber ceiling and any cross member supports required shall be mounted off the air terminal chamber walls. Busbar support components shall be designed to be easily removed and reassembled for assembly of cable to the busbar if needed. Other support means may be considered with approval by the Engineer. 2.09 TEMPERATURE SENSING AND RELAY EQUIPMENT: A. The manufacturer shall provide a transformer monitor to be used for temperature monitoring, automatic cooling control, and alarm collection. Unit shall include fiber-optic, serial, and Ethernet option, and 125 VDC control power. Unit will require PT100 type RTD's for top oil temperature, bottom oil temperature, ambient temperature, and winding temperature. B. Manufacturer shall recommend settings for control/alarm and unit shall be completely wired, programmed, and implemented at the factory. C. Provide SEL 2414, part number 241421ADA9XDACA1130, Item Number 241444YHR, part number to be verified by manufacturer for compatibility with other supplied equipment. 1. Slot A = 125-250 Vdc (120-240 VAC) 1 125 VDC/VAC P:A04\285\09\DocASpecAXfinr\Hutchinson MNPwr Xfiur Plantl_Spec 428509.docx Trs.s OUT101 = Fans Stage 1 OUT102 = Fans Stage 2 OUT103 = Alarm = Customer TB IN101 = 4X-1 Stage 1 Fans Running IN102 = 4X-2 Stage 2 Fans Running 2. Slot B = Port 1: Ethernet (Single 10/100 Base-T), Port 2: Fiber -Optic Serial, TRIG Connector, Port 3: EIA-232, SEL Protocols, Modbus, DNP3 3. Slot C = 14DI (125VDC/VAC) IN301 = 27-1 Stage 1 Fans Loss of AC IN302 = 27-2 Stage 2 Fans Loss of AC IN303 = 27-AC Main Loss of AC IN304 = 27-L LTC Ctrl Loss of AC IN305 = 27-M LTC Motor Loss of AC IN306 = 27-5 Sudden Pressure Loss of DC IN307 = 43A-1 Stage 1 Cooling Auto IN308 = 43A-1 Stage 1 Cooling Man IN309 = 43A-2 Stage 2 Cooling Auto IN310 = 43A-2 Stage 2 Cooling Man IN311 = 43C Cooler Sequence Stage 1 IN312 = 43C Cooler Sequence Stage 2 IN313 = Spare IN314 = DCB Alarm 4. Slot D = 10 RTD RTD1 = Winding Temp (X2) RTD2 = Main Tank Top Oil Temp RTD3 = Main Tank Bottom Oil Temp RTD4 = LTC Tank Top Oil Temp RTD5 = Ambient Air Temp RTD6 = Spare RTD7 = Spare RTD8 = Spare RTD9 = Spare RTD10 = Spare 5. Slot E = 14DI (125VDC/VAC) IN501 = 26Q1-1 Main Tank Hot Oil Alarm IN502 = 49T1-3 Hot Spot Alarm IN503 = 71Q1-1 Main Tank Low Oil Level Alarm IN504 = 63PR1 Main Tank Pressure Relief IN505 = 63P/L N2 Low Pressure IN506 = 63P/H N2 High Pressure IN507 = 63P/E N2 Cylinder Low IN508 = 26Q2-1 LTC Tank Hot Oil Alarm IN509 = 71Q2-1 LTC Tank Low Oil Level Alarm IN510 = 63PR2 LTC Tank Pressure Relief P:A04\285\09\DocASpecAXfinr\Hutchinson MNPwr Xfiur Plantl_Spec 428509.docx Trs 9 IN511 = 63X1-1 Main Tank Sudden Pressure Alarm IN512 = 71Q1-3 Main Tank High Oil Level Alarm IN513 = LTC Max Raise IN514 = LTC Max Lower 6. Slot Z = 4DI (125VDC/VAC) / 3 DO (Standard 2 Form C and 1 Form B) IN601 = LTC Controllers Alarm IN602 = LTC Lockout Alarm IN603 = 43T-2 LTC in Local IN604 = 43T-3 LTC in Manual OUT601 = Spare OUT602 = Spare OUT603 = Spare 7. Chassis = Vertical Panel Mount TOO LED = Alarm TOLLED = Liquid Temp T02_LED = Winding Temp T03_LED = Oil Level T04_LED = Pressure Relief T05_LED = RTD Failure T06 LED = Loss of AC PBOl_LED = Running PBO1 = FANS STAGE 1 #Manual Exercise timer PBOlB_LED = Blocked PB02_LED = Running PB02 = FANS STAGE 2 #Manual Exercise timer PB02B_LED = Blocked PB03_LED = Enabled PB03 = STAGE 1 EXERCISER PB03B_LED = Disabled PB04 LED = Enabled PB04 = STAGE 2 EXERCISER PB04B LED = Disabled D. A standard magnetic type liquid level gauge, with 6-inch diameter dial shall be provided for the main tank (71Q1). Gauge face to be graduated to indicate critical low, low, 25' C, and high oil levels. Gauge shall have three (3) sets of SPDT contacts, one (1) for critical low oil level for tripping, one (1) for low oil level alarming, and one (1) for high oil level alarming. All alarm leads shall connect via a quick disconnect connector routed through conduit and landed on terminal blocks located in the transformer control cabinet. Provide Qualitrol or Messko, no equal. 71Q1-1 Low Oil Level Alarm = SEL-2414, Customer TB 71Q1-2 Low Oil Level Trip = Customer TB 71Q1-3 High Oil Level Alarm = SEL-2414, Customer TB P:A04\285\09\DocASpecAXfinr\Hutchinson MNPwr Xfiur Plantl_Spec 428509.docx Tr i o E. Liquid temperature indicator shall be furnished for the main tank (26Q1) and LTC tank (26Q2). Indicator shall be Qualitrol or Messko (no equal) with 6-inch diameter dial. Gauge shall have two (2) sets of SPDT contacts, one (1) for alarming and one (1) for tripping. Gauge shall have a manual resettable drag hand. Switch leads shall be connected with a quick disconnect connector and routed through conduit to the transformer control cabinet. The manufacturer shall preset alarm and trip set points. 26Q1-1 Hot Oil Alarm = SEL-2414, Customer TB 26Q1-2 Hot Oil Trip = Customer TB 26Q2-1 Hot Oil Alarm = SEL-2414, Customer TB 26Q2-2 Hot Oil Trip = Customer TB F. Winding hot spot temperature indicator (49T) shall be furnished. Indicator shall be Qualitrol or Messko (no equal) with 6-inch diameter dial. Gauge shall have four (4) sets of SPDT contacts, two (2) for fan control, one (1) for alarming and one (1) for tripping. Gauge shall have a manual resettable drag hand. Switch leads shall be connected with a quick disconnect connector and routed through conduit to the transformer control cabinet. The manufacturer shall preset alarm and trip set points. 49T1-1 Hot Spot Stage 1 Fans = Stage 1 Fans 49T1-2 Hot Spot Stage 2 Fans = Stage 2 Fans 49T1-3 Hot Spot Alarm = SEL-2414, Customer TB 49T1-4 Hot Spot Trip = Customer TB 2.10 RAPID PRESSURE RISE AND RELIEF DEVICES A. A rapid pressure rise relay (63X1) shall be furnished and prewired to a seal -in relay located in the transformer control box. The rapid pressure rise relay shall be flange mounted to a shut off valve. The seal -in relay shall have a 125 VDC operating coil with a minimum of three (3) normally open contacts for sealing -in, target indication, and trip. A reset button shall also be provided. Provide Qualitrol 900 Series Rapid Pressure Rise Relay and 909-300 seal -in relay or Engineer approved equal. An alarm for loss of 125VDC power shall be provided. 63X1-1 Main Tank Sudden Pressure Alarm = SEL-2414, Customer TB 63X1-2 Main Tank Sudden Pressure Trip = Customer TB 27-5 Sudden Pressure Loss of DC = SEL-2414, Customer TB B. A pressure relief device with standard alarm switch and a visual indicating flag for each oil filled compartment shall be supplied for the main tank (63PR1) and LTC tank (63PR2). One (1) set of normally open contacts shall be provided for signaling operation to SCADA. Switch leads shall be connected with a quick disconnect connector and routed to the control cabinet. Provide Qualitrol XPRD Pressure Relief Device or Engineer approved equal. 63PR1 Main Tank Pressure Relief = SEL-2414, Customer TB 63PR2 LTC Tank Pressure Relief = SEL-2414, Customer TB P:A04\285\09\DocASpecAXfinr\Hutchinson MNPwr Xfiur Plantl_Spec 428509.docx Tr i i C. The Contractor shall supply and install steel or aluminum piping to direct the flow of oil from each pressure relief device to a point 1 foot above the base of the transformer. Support the piping as required. Piping and supports shall be painted to match the color of the transformer. 2.11 OIL AND OIL PRESERVATION: A. Oil preservation shall be accomplished by means of automatic nitrogen gas equipment with alarm contacts for low nitrogen gas cylinder and high/low transformer tank pressure and with gas sampling capability. An enclosure with a condensation heater shall be furnished to protect oil preservation equipment. Furnish pressure vacuum gauge for tank pressure and a pressure gauge for the gas cylinder. Furnish inlet and outlet lines from the transformer tank gas space to the nitrogen gas system. Each line to be furnished with a shut-off valve. 63P/L N2 Low Pressure = SEL-2414 63P/H N2 High Pressure = SEL-2414 63P/E N2 Cylinder Low = SEL-2414 B. Oil shall be Type 11(oxidation inhibited) mineral insulating oil of petroleum origin for use as an insulating and cooling agent in power transformers with 0.3% inhibitor content. C. The oil shall meet all applicable requirements of Type II mineral oil as defined in the latest revision of ASTM Standard D3487-87A. Transformer nameplate shall contain manufacturer's certification that the insulation oil used meets all federal requirements for PCB concentrations. A certified test sheet shall be furnished to the Engineer with the shipment. D. A pressure -vacuum gauge shall be provided on the main tank. Also provide a pressure -vacuum bleeder for the main tank. E. The Contractor shall furnish a certified report at the time of delivery of the transformer indicating compliance with all regulations concerning polychlorinated biphenyl's (PCBs). F. The transformer shall be furnished complete with mineral insulating oil. 2.12 CORE AND COILS: A. The core shall be constructed using low loss cold -rolled grain -oriented silicon steel. Steel is to be cut to width, annealed, and coated with an inorganic insulating material. B. Cores shall be constructed using stepped circular cross -sections with fully mitered step lap joints for all windings except the series winding or preventative Power Transformer if used. No section of the core assembly shall be bolted together for support. Core legs shall be bonded with epoxy cement after assembly. P:A04\285\09\DocASpecAXfinr\Hutchinson MNPwr Xfiur Plantl_Spec 428509.docx Tr 12 C. The core shall be insulated from its support frames and connected to ground at only one (1) point. The core ground strap is to be brought out through the tank cover and grounded using a low voltage bushing and a small JIC box or other suitable mechanical protection. D. All windings shall be made of copper rectangular magnet wire with thermally upgraded paper used for turn to turn insulation. Continuously transposed conductor can be used where appropriate. The conductor is to be tested prior to insulation wrapping through the use of burr detectors or similar device to ensure that there are not any burrs or nicks in the conductor. The insulating paper shall be applied in either single or multiple strands in such a manner that there is a 30% overlapping of the paper surfaces. Sufficient tension shall be maintained during the insulation application to prevent loose wraps. E. Winding cylinders shall be made from a single piece of high density material as manufactured by EHV Weidmann, Lignostone, or Engineer approved equal. All coil spacers shall be keyed to the winding cylinder and to vertical key strips on the outside of the coil. F. Coils shall have their full circumference supported by the frame assembly. Coil supports and full circumference clamping rings shall be fabricated using high density material as manufactured by EHV Weidmann, Lignostone, or Engineer approved equal. G. The transformers, including all core and coil assemblies, shall be power class, circular core/coil design. The high side shall be disk wound and the low side shall be disk or helical construction. Rectangular core and coils are not acceptable for these transformers. H. Core and coils shall be dried using a "vapor phase" system prior to filling. I. The regulating winding shall be fully distributed and be electrically independent from or placed in a separate winding tube from the high and low voltage windings. For units smaller than 30 MVA base with a LV of 20 kV or less, a partially distributed winding may be considered by the Engineer if sufficient evidence is provided that the unbalanced short-circuit forces will be acceptable. J. The core and coil assembly shall be dry enough to obtain a power factor of 0.5% or less at 20°C. 2.13 MECHANICAL FEATURES — MAIN TANK: A. The de -energized tap changer on the high voltage side shall have the operating handle(s) brought out to the side of the tank with provision for padlocking. B. A magnetic liquid level gauge with three -step normally open contacts shall be furnished. The first step shall alarm on a low oil level condition, with the second step initiating a breaker trip upon a critical low oil level, and a third shall alarm on P:A04\285\09\DocASpecAXfinr\Hutchinson MNPwr Xfiur Plantl_Spec 428509.docx Tr 13 a high oil level condition. A minimum of two (2) contacts per stage shall be wired and accessible in the transformer control cabinet. Manufacturer shall recommend settings for the transformer supplied and implement these at the factory. C. A tank pressure gauge shall be provided to monitor nitrogen gas pressure in the tank. A minimum of two (2) individually adjustable, normally open alarm contacts associated with the pressure on the tank shall be included. Manufacturer shall recommend settings for the transformers supplied and implement these at the factory. D. A tank valve shall be provided to serve as drain valve, bottom filter press connection, and liquid sampling valve. E. A valve shall be furnished for top filter press connection. F. Provide lifting hooks on the tank, lifting eyes on the cover and provision for j acking. G. The transformer base shall have members forming a rectangle which shall permit rolling in the directions of the centerlines of the segments. The points of support of these members shall be located so that the safe angle of tilt of the base shall be at least 15' (degrees) from the horizontal with or without oil in the transformer. Arrangement for pulling the transformer parallel to centerlines of segments shall be provided in the base. A flat -bottom unit also may be furnished. H. The operational center of gravity and the center of the tank shall be clearly and permanently marked on all four (4) sides of the tank base to aid in setting the transformer on the foundation. I. The main tank cover shall be domed to ensure water runoff and welded to the tank. An inorganic gasket shall be permanently installed between the cover and the tank to prevent weld splatter from entering the tank. A minimum of two (2) manhole covers shall be provided with a raised rim to discourage entrance of moisture. Manhole covers shall have a handle and be of the bolt -on type. J. All seams and joints shall be welded on the inside and outside. The tank and radiators shall be designed to withstand an internal operating pressure of 8 psi with a margin of at least 25% over pressure. The tank and radiators shall be designed to withstand full vacuum. All external tank supports and stiffeners shall be box beam construction, continuously welded, and shall not be pressurized to provide sufficient support. K. A complete stainless steel instruction nameplate shall be furnished and mounted on the transformer. L. The surface shall be washed with an iron phosphate conversion with a chrome seal before priming and painting. P:A04\285\09\DocASpecAXfinr\Hutchinson MN Pwr Xfiur Planil Spec 428509.docx Tr 14 M. The exterior surface shall first be primed with a two-part zinc chromate epoxy primer. Then a force cured two-part urethane enamel topcoat shall be applied using plural component equipment that automatically measures and mixes the paint system. The exterior coating shall be a minimum of 3 mils thick and capable of meeting ANSI C5712.28. N. Tank finish shall be ANSI 470 gray. The top of the tank shall be coated with a nonskid surface. The tank bottom shall be covered with an asphalt undercoating. Extra touch-up paint shall be furnished with the transformer. Inside of the control compartment shall be painted white. O. The interior of the transformer tank, tank cover, and LTC compartment shall be coated with white oil resistant epoxy enamel compatible with transformer oil per ANSI 3455. The interior coating shall be a minimum of 3 mils thick. P. All auxiliary wiring shall be terminated in a cabinet mounted on the side of the transformer tank tentatively located in Segment 2. Final segment location to be coordinated with Engineer prior to transformer design and construction of the transformer. Cabinet shall be completely weathertight, gasketed, with a three point latching mechanism. Cabinet shall have swing doors with lock down in open position, padlockable in the closed position. All equipment shall be provided with marked terminal blocks for interconnecting wiring with remote control panels. A drill plate on bottom of control box shall be provided for conduit entrance. A copper ground bus shall be provided, tapped for grounding of current transformers, etc. Q. Bottom of control cabinet shall be 24" above base of tank. R. The tank and radiators shall be fabricated from steel with sufficient strength to withstand normal service stresses without distortion or damage. S. All joints in the tank and radiators shall be made oil tight and gas tight by welding inside and outside. Seams on all tank wall corners will NOT be acceptable. All tank seams shall be double welded (inside and outside) and be a minimum of 6 inches from any corner. T. All exterior wiring shall be placed in UV resistant weather-proof conduit, rigid or flexible as appropriate based on the applications. Conduit shall be securely attached to the transformer. U. The operating mechanism/control cabinet shall be rated NEMA 3S, dust tight, rain tight, and sleet and ice proof with a three-point latching mechanism. Provide anti - condensation heater(s) as required. V. The transformer shall be furnished with an air terminal chamber, containing the low side bushings, neutral bushing, and lightning arresters. The LV air terminal chamber shall be provided with hinged doors on front side for easy access and installation. The air terminal chamber shall have access removable covers/doors on the sides. The doors shall be completely weathertight, gasketed, and shall be P:A04\285\09\DocASpecAXfinr\Hutchinson MNPwr Xfiur Plantl_Spec 428509.docx Tr 15 provided with a stainless steel or cast handle and three-point latching mechanism. The bottom of terminal chamber shall extend down to 30" above the base of the transformer. The terminal chamber shall be equipped with a removable plate for terminating conduits. The terminal chamber shall be tentatively installed in Segment 1 as defined by ANSI Standard C57.12.10. Final segment location to be coordinated with Engineer prior to transformer design and construction of the transformer. 1. Detailed drawings of the ATC shall be supplied. Drawing shall include at a minimum an elevation view, front door details, side cover/door details, handle latching mechanism, removable plate and gasketing. 2.14 LOAD TAP CHANGER: A. The LTC mechanism shall be tentatively mounted in a separate compartment in Segment 4 as defined by ANSI Standard C57.12.10 (not in the main tank), that will permit completely draining all the oil in the compartment without draining the oil in the main transformer tank. B. The tap changer shall provide voltage regulation of 10 percent raise, or lower, in (16) 5/8 percent steps, both raise and lower. C. The LTC compartment shall be capable of withstanding full vacuum in the main tank without damage to the LTC compartment or components. D. The LTC shall be vacuum type and shall be sized to fit the ampacity requirements of the transformer. 1. Vacuum type shall be Reinhausen Manufacturing, Inc. type RMV-II, no equal. A vacuum bottle protective circuit shall be provided with a set of contacts for alarm purposes with the RMV-11 tap changer. E. Tap changer shall consist of a motor operated tap changer. The tap changer shall also be provided with a weatherproof compartment for all control components needed for automatic LTC control, terminal boards, conduit entrance and circuit breaker for control power. F. The tap changer shall have full rated kVA taps above normal and current rating corresponding to full load current at rated voltage on all taps below normal voltage. Tap changer shall be designed to regulate the low voltage side and shall be installed in the LV winding. High voltage LTCs are not acceptable. G. The tap changer shall be rated for 500,000 operations before contact replacement. The tap changer motor shall be rated for 120/208/240 VAC single phase. H. The tap changer controller shall be digital with remote monitoring and control capabilities intended for a substation integration scheme, mounted inside the control cabinet. Furnish Beckwith type M-2001D. The unit shall be capable of P:A04\285\09\DocASpecAXfinr\Hutchinson MNPwr Xfiur Plantl_Spec 428509.docx Tr 16 communicating in DNP 3.0 communications protocol. Furnish the Beckwith 5-2001D TapTalk® software that will be used to connect the unit via a remote laptop or other device(s). Also provide M-0329B backup control. The M-0329B shall be mounted in a cutout so the dials and lights on the unit are visible from the front panel of the transformer control cabinet. Alarm contacts for both units shall be wired to a SEL-2414 input. LTC Controllers Alarm = SEL-2414 The controller settings will be furnished by the Engineer for testing at the manufacturing facility. Provide the Engineer two (2) weeks notice prior to testing of the LTC controller settings. 2. The Contractor shall provide the Engineer with a brief report verifying testing has been completed, whether the settings are satisfactory for proper controller operation, and recommendations for final setting implementation and commissioning. L The tap changer controller shall be M-2001D-6-V-4S-20-C-0-D-0-0 equipped with the following accessories: Voltage test terminals. 2. Alpha -numeric Vacuum Fluorescent Display VFD. Option V. 3. Communications equipment. Front -panel local data port for connection to a portable computer, USB I.I. Include communication software for installation on Owner's computer. 4. Communications port (COM1-top) shall interface with fiber optic (ST) and RS-485. Option 4S. 5. Communications port (COM2-top) shall interface with standard RS-232. Option 20. 6. Ethernet port (COM3-top) shall be RJ-45 jack. Option C. 7. Communications protocol shall be MODBUS and DNP 3.0. Option 0. 8. Paralleling methods: DVar2 method. Option D. 9. Include a separate 43T-4 paralleling/independent toggle switch. Wire the independent position of the Beckwith to disable paralleling. Spare contacts of each position shall be wired to a customer terminal block. P:A04\285\09\DocASpecAXfinr\Hutchinson MNPwr Xfiur Plantl_Spec 428509.docx Tr 17 J. Tap changer shall be equipped with the following accessories: 1. The Contractor shall furnish a dual column breather (DCB) or auto recharging dehydrating breather system to the LTC of the transformer. The system shall remove moisture from incoming air into the LTC tank. DCB shall be shipped as a single, integrated assembly along with accessories necessary for installation. The DCB controller shall have indicating LEDs of breather status and hardwired alarm contact to terminal block in primary control cabinet. Power for DCB shall be integrated into the 120/208/240 VAC supply for transformer and not require an independent power circuit. DCB Alarm = SEL-2414 2. Manual tap changing crank or handwheel. 3. Position indicator with drag hands and electric reset momentary switch. The reset switch shall be located in an easily accessible location in the control panel compartment. Indicator shall be located in a position that is easily seen by a person standing on the ground directly adjacent to the unit, with the control cabinet doors closed. 4. Interlock to prevent electrical operation with crank installed. 5. Current source for compensator. Provide an LDC-CT as required. 6. Liquid level indicator for LTC compartment (71 Q2) with two-step normally open contacts shall be furnished. The first step shall alarm on a low oil level condition, with the second step initiating a breaker trip upon a critical low oil level. A minimum of two (2) contacts per stage shall be provided. Manufacturer shall recommend switch settings for the transformer supplied. 71Q2-1 Low Oil Level Alarm = SEL-2414, Customer TB 71 Q2-2 Low Oil Level Trip = Customer TB 7. Drain and filter valves for LTC compartment. 8. LTC control cabinet shall be equipped with a 120 V, 20 A weatherproof receptacle. 9. LTC control cabinet shall be equipped with a door -activated LED light. 10. LTC control cabinet shall be provided with a positive temperature coefficient heater to minimize condensation. Provide High Voltage Supply 1030, or Engineer approved equal. Contractor shall determine quantity and size of heaters. 11. Static voltage sensing device. P:A04\285\09\DocASpecAXfinr\Hutchinson MNPwr Xfiur Plantl_Spec 428509.docx Tr i 8 12. Non-resettable operation counter. 13. The operations counter and neutral position (unless using the DVar2 method) contacts shall be wired to the Beckwith. 14. 43T-1 Lower -Off -Raise switch for lowering and raising the tap changer. 15. 43T-2 Local -Off -Remote switch with spare contact for remote switch position indication located inside the transformer control cabinet. 43T-2 LTC in Local = SEL-2414, Customer TB 43T-2 LTC in Remote = Customer TB 16. 43T-3 Man -Off -Auto switch for switching control modes. Spare contacts for each position shall be wired to a SEL-2414 input. 43T-3 LTC in Manual = SEL-2414, Customer TB 43T-3 LTC in Auto = Customer TB 17. Provide terminal blocks and provisions for remote auto -manual switching and remote raise -lower switching, located inside the transformer control cabinet. Remote switches by Others. K. Provide all necessary selsyns and contacts to provide remote position indication. Furnish a solid state remote position indicator and transducers in the transformer cabinet (INCON 1250B). Also furnish a current loop interface (Beckwith M- 2025B) to connect the 0-1 mA output of the 1250B to the Beckwith M-2001D controller, which will provide tap position indication in the controller. Locate devices inside the transformer control cabinet. INCON shall be factory programmed. L. An alarm for loss of AC Power for the LTC control and motor shall be provided. 27-L LTC Ctrl Loss of AC = SEL-2414, Customer TB 27-M LTC Motor Loss of AC = SEL-2414, Customer TB M. The load tap changer mechanism is to be furnished with its own nameplate which fully describes the system. Items to be included, but not limited to, are manufacturer, model number, year of manufacture, maximum rated through current, type of mechanism, and the amount of oil (gallons). N. Minimum and maximum control cabinet heights above ground shall be 24 inches and 72 inches, respectively. Control cabinet shall have swing doors with lock down in open position, padlockable in the closed position. P:A04\285\09\DocASpecAXfinr\Hutchinson MNPwr Xfiur Plantl_Spec 428509.docx Tr 19 2.15 CONTROL WIRING REQUIREMENTS: A. All taps of the multi -ratio BCTs shall be brought to an accessible shorting -type terminal block in the control cabinet. Shorting type terminal blocks shall be General Electric Type EB-27, no equal. B. All wiring shall be identified at the terminal blocks to designate its source and function. Terminal blocks shall be General Electric type EB-25 or equal. C. All wiring in the cabinet shall be neat in appearance. All control cable wires shall be labeled. Wires shall be terminated with ring type insulated lugs, with both lug and insulation securely crimped. D. All control circuits shall be protected with appropriately identified breakers or hinged knife blade disconnect switch and clip mounted fuses. E. Control and auxiliary circuits shall be wired with 412 AWG, minimum, switchboard wire. All current transformer wiring shall be 410 AWG, minimum, switchboard wire. All switchboard wire shall be XL or ETFE (Tefzel 750) insulated, stranded wire, type SIS. F. All alarm and auxiliary contacts shall be suitable for use on an ungrounded 125 VDC. The contacts shall be individually wired out to terminal blocks and shall be electrically isolated. G. All control wiring between compartments and/or cabinets shall be enclosed in metal raceways. 2.16 ACCEPTABLE MANUFACTURERS: A. Transformers from the following list of manufacturers only shall be furnished, unless written permission is obtained from the Engineer or Owner. 1. ABB Hitachi Power Grids Inc. 2. Delta Star Inc. 3. Prolec-GE Waukesha Inc. 4. WEG Transformers USA. 5. Or Engineer approved equal. P:A04\285\09\DocASpecAXfinr\Hutchinson MNPwr Xfiur Plantl_Spec 428509.docx Trs 20 PART 3 - EXECUTION 3.01 TESTING AND REPORTS: A. All tests shall be made in accordance with the latest revision of ANSI Standard C57.12.00 for a Class 11 transformer and a certified test report in electronic `.pdf' and hard copy (one per manual) versions shall be provided. Any and all factory and field tests that are required by the manufacturer and are required so as not to void any part of the warranty, shall be made by the manufacturer and its personnel. Any and all costs as well as equipment required for and associated with these required tests shall be the responsibility of this Bidder. Standard tests include but are not limited to the following tests: Resistance measurements of all windings on the rated voltage tap and at the tap extremes. 2. Ratio tests on rated voltage connections and on all tap connections. 3. Polarity and phase -relation tests on rated voltage connections. 4. No load loss at rated voltages on rated voltage connections. 5. Exciting current at rated voltage on rated voltage connections. 6. Impedance and load losses at rated current on rated voltage connections and on the tap extremes. 7. Mechanical leak test on tank and coolers. 8. Applied potential tests. 9. Induced potential tests. 10. Impulse tests or production line impulse tests may be accepted as a substitute for the standard test if approved by the Engineer. 11. Insulation power factor test. Power factor test shall be made on each oil filled bushing, individual winding to ground, and between windings. The values of bushing and winding power factor shall not exceed 0.5 percent, when corrected to 20°C. 12. Winding temperature rise for each stage of cooling specified. Thermal images shall be taken during the stabilization of the 3-hour segment of all heat runs. 13. Sound tests at each stage of cooling ONAN/ONAF/ONAF. 14. LTC and LTC controller function tests. P:A04\285\09\DocASpecAXfinr\Hutchinson MNPwr Xfiur Plantl_Spec 428509.docx Trs 21 15. The transformer design shall be adequate to withstand short circuits, with the fault current limited only by the impedance of the transformer itself. 16. Partial discharge test and RIV test shall be performed simultaneously on all windings. No partial discharge greater than 300 pico-coulombs shall be acceptable. 17. Sweep frequency response testing shall be performed to generate a "footprint" of the winding positioning to be used to determine if the windings have moved or shifted. This critical determination of winding movement will be used as basis for future evaluation of the integrity of the transformer. 18. Functional testing on all controls, accessories, and auxiliary equipment is to be completed at the manufacturing facility prior to shipment. This shall be documented in the test report. B. Oil screen tests for the main tank and LTC include the following. 1. Liquid Screen Analysis: a. Dielectric test (ASTM D877 and D1816-2) b. Neutralization [Acid Number (D-974)] C. Interfacial Tension (D-971) d. Moisture (D-1533) e. Color Number (D-1500) f. Visual and Sediment Examination (D-1524) g. Power Factor @ 25°C and @ 100' C (D-924) h. Specific Gravity (D-1298) 2. Gas -In -Oil Analysis: a. Hydrogen b. Oxygen C. Nitrogen d. Methane e. Carbon Monoxide f. Carbon Dioxide g. Ethane h. Ethylene i. Acetylene *Gas -In -Oil Analysis tests shall be performed before all electrical testing. C. The Owner or Engineer reserves the right to witness the tests at the manufacturer's facilities. Provide a minimum of two (2) weeks notice prior to factory testing. Provide a link to the Owner and Engineer so the testing can be witnessed through a web meeting. P:A04\285\09\DocASpecAXfinr\Hutchinson MNPwr Xfiur Plantl_Spec 428509.docx Trs 22 D. The Owner or Engineer reserves the right to inspect the completed core and coil assembly prior to tanking. The manufacturer shall notify the Owner and Engineer not less than five (5) days prior to the date of tanking to allow the customer to witness tanking, if so desired. 3.02 FIELD SERVICES: A. The Contractor shall include the cost of installation and field services for each transformer in the spaces provided on the Bid Form. The services shall include the following items at a minimum. The Contractor shall also attach a detailed description with the Bid of the services to be performed. B. The services shall include receiving the transformers, unloading, placement of units on concrete pad, attachment of all radiators and accessories, and filling of oil as required. The Contractor shall inspect the units and repair any damage experienced during shipment. C. The services shall include testing the unit. The minimum tests shall be standard field test, including, but not limited to TTR, megger check, core ground check, SFRA, and LTC operation tests, and shall include all tests required in order not to void the warranty. Certified test reports shall be supplied. Attach a complete list of tests proposed with the Bid. D. In addition to standard field tests, the Contractor shall furnish certified oil tests covering the oil tests listed below. The Contractor shall send the samples to lab approved by the Owner. These tests shall be done in the field after the transformer is placed on the pad, NOT at the manufacturing site. Liquid Screen Analysis: a. Dielectric test (ASTM D877 and D1816-2) b. Neutralization [Acid Number (D-974)] C. Interfacial Tension (D-971) d. Moisture (D-1533) e. Color Number (D-1500) f. Visual and Sediment Examination (D-1524) g. Power Factor @ 25°C and @ 100' C (D-924) h. Specific Gravity (D-1298) 2. Gas -In -Oil Analysis: a. Hydrogen b. Oxygen C. Nitrogen d. Methane Carbon Monoxide f. Carbon Dioxide g. Ethane h. Ethylene i. Acetylene P:A04\285\09\DocASpecAXfinr\Hutchinson MNPwr Xfiur Plantl_Spec 428509.docx Trs 23 *Gas -In -Oil Analysis tests shall be performed before all electrical testing. E. Submission of a Bid with per diem or hourly rate without including a total or limit to this section will be grounds for disqualification of the bid. F. The Contractor shall include hourly or daily rate for additional work beyond the scope of this contract in the event these services are required. G. The field services shall be completed within fifteen (15) days after delivery of the transformers. * * * END OF SECTION * * * P:A04\285\09\DocASpecAXfinr\Hutchinson MNPwr Xfiur Planil Spec 428509.docx Trs 24 MATERIAL AGREEMENT THIS AGREEMENT made as of , 2026 between Hitachi Enemy USA — Raleigh, North Carolina (hereinafter called the "Contractor "), and Hutchinson Utilities Commission - Hutchinson, Minnesota (hereinafter called the "Owner"), WTTNESSETH, that the Contractor and the Owner for the considerations hereinafter named agree as follows: 1.01 SCOPE OF WORK. A. The Contractor agrees to sell and deliver to the Owner and the Owner agrees to purchase and receive from the Contractor the Equipment in 44c4 accordance with the documents entitled "Furnishing 115/13.8 kV Power Transformers — Plant 1 Substation" for Hutchinson Utilities Commission - Hutchinson, Minnesota. "Equipment" means all equipment, parts, and accessories Contractor agrees to supply. 1.02 THE CONTRACT DOCUMENTS. A. The Contract Documents shall consist of this written Agreement, Bid Form, Advertisement for Bids, Instructions to Bidders, Addendums issued numbers NA, Insurance Policies and Certificates, General Requirements, Performance Bond, Drawings and Specifications, tests and engineering data, approved Change Orders, Contractor's Requests for Payment, and all Addenda issued by the Owner prior to the awarding of the Contract (collectively, the "Contract Documents"). All of the Contract Documents listed in this Material Agreement are hereby incorporated and attached hereto in 441, all of which documents and instruments are incorporated by the signature of the parties hereto. 1.03 TIME OF COMPLETION. A. The work to be performed under this Contract shall be commenced upon execution of this Agreement. Material shall be fully delivered and onsite Field Services shall be fully completed by the Dates as Specified in Hitachi's Quotation QT-26- 01122798, Section 7. B. Unless otherwise specified in Contractor's proposal, Equipment manufactured, assembled, or warehoused within the continental United States shall be delivered F.O.B. DAP jobsite (Incoterms 2020) point of shipmen , and Equipment shipped from outside the continental United States shall be delivered F.O.B. DAP jobsite (Incoterms 2020) . All performance or completion dates are estimates, and Contractor is not liable for any loss or expense arising from failure to meet them. Contractor may, at P:A04\285\09\1)i.)cASpP,c\X9`arrr\C'ontr;u¢.i.I c�A(7ai�.>;irnals\A�grf;amPrni:423.509Ilitachi.docx MA I its discretion, make partial or advance shipments. If delivery is delayed due to Owner, a third party outside Contractor's control, or a Force Majeure event, Contractor may store the Equipment at the Owner's risk and expense, and delivery will be deemed complete. C. Owner will provide free and unrestricted access routes with necessary rights of way and ensure that the Site is suitable for delivery of the Equipment. The "Site" means the physical location(s) specified by the Owner for Equipment delivery, or performance of Services under this Agreement. Owner shall bear any additional costs incurred during delivery or access to the Site to perform Services. D. Title to Equipment shall remain with Contractor until full payment is received. Title to Software shall not pass; use of Software is licensed only. Regardless of delivery terms or transport charges, risk of loss passes to the Owner upon Equipment delivery or Services completion. If Services are delayed due to Owner or other causes outside Contractor's control, risk of loss shall remain will the Owner, and such Equipment shall be deemed outside Contractor's care, custody, and control. E. Equipment many not be returned without Contractor's prior written consent and is subject to its specified terms. Claims for shortages or delivery errors must be submitted in writing to Contractor within ten (10) days of delivery. Claims for post -delivery damage must be submitted by Owner directly to the common carrier. F. The Equipment and Services shall be deemed accepted unless Owner provides written notice of non -acceptance within three (3) days following delivery of the Equipment or completion of the Services. Minor defects or deviations that do not affect the Equipment or Services' overall functionality or performance are not grounds for rejection. 1.04 THE CONTRACT SUM. A. The Owner shall pay the Contractor for the Equipment, i etifFent Affi s the price provided in Contractor's proposal: The Owner shall pay to the Contractor for performance of the work encompassed by this Agreement, and the Contractor will accept as full compensation therefore the lump sum of two million, six hundred ninety-five thousand, rive hundred and 00/100 dollars ($2,695,500.00), subject to Contractor's price adjustment methodology and any change orders as provided by the Contract Documents, to be paid by progress payments in cash or its equivalent in the manner provided for in the Contract Documents. The Contract Price shall not include sales or use taxes. Pricing for shipment shall not include any tariffs and if specified on Contractor's proposal may be billed on a cost plus basis. P:A04\285\09\1)i.)cASpP,c\X9`arrr\C'ontr;uct c�A(7ai�.>;irnals\A�nrf;amPrni:423.509 llitachi.docx MA 2 B. Owner is responsible for all taxes, duties, fees, and charges related to the Agreement of its performance, except those based on Contractor's income, net worth, property, or employment. Prices exclude federal, state, or local taxes such as property, license, privilege, sales, use, excise, or gross receipts taxes, whether current or future. Owner agrees to pay or reimburse any such taxes required to be paid or collected by Contractor or its suppliers. If exempt or holding a direct payment permit, Owner must provide valid documentation acceptable to the relevant authorities at the time of order. 1.05 PAYMENT. A. Payment to the Contractor for the equipment shall be made according to the following payment schedule: • 10% of the Total Base Price at time of order placement. • 10% of the Total Base Price after resubmittal of all approval drawings. • 30% of the Total Base Price upon release to manufacture (submittal of firm drawings) • 35% of the Total Base Price after FAT • 10% of the Total Base Price at shipment (Freight eest r'„s 209%) B. Payment shall be made for the remaining five percent (5%) of the Total Base Price, less calculated penalties, within forty-five (45) days after final completion, field testing, and receipt of test reports, final drawings, certification by the Engineer, and associated invoice. C. Payment to the Contractor for rigging, offloading and crane shall be made on the --ex basis of one hundred percent (100%) upon receipt of invoice and completion of the Rigging, Offloading, and Crane; within forty-five (45) days after completion of the offloading and associated invoice. D. Payment to the Contractor for field assembly and testing shall be made on the basis of one hundred percent (100%) upon receipt of invoice and completion of the P:A04\285\09\1)i.)cASpP,c\X9`arrr\C'ontr;u¢.i.I c�A(7ai�.>;irnals\A�nrf;amPrni:423.509Ilitachi.docx MA 3 Services ° P+iee, within forty-five (45) days after completion of the field services and associated invoice. 1.06 LIQUIDATED DAMAGES: A. Contractor and Owner recognize that time is of significant importance for the delivery of the Equipments and that Owner will suffer financial and other losses if the We Equipment is not delivered in accordance with the schedule agreed between the parties and attached hereto as Hitachi Quotation QT-26-01122798, Section 7. eempleted and Milestones r^* aehieved , 444 in accordance with the Contract. The parties also recognize the delays, expense, and difficulties involved in proving in a legal or arbitration proceeding the actual loss suffered by Owner if the Work is not completed on time. Accordingly, instead of requiring any such proof, Owner and Contractor agree that as liquidated damages for dek-y delayed delivery of the Equipment (but not as a penalty): B. Contactor shall pay Owner $500 for each day that delivery of the Equipment is late, not to exceed five percent (5%) of the price of the delayed Equipment. Both Parties agree that the liquidated damages for delay are a genuine and reasonable pre - estimate of the loss the Owner may suffer in the event of delay and that payment of such liquidated damages by the Contractor shall be in full and final satisfaction of Contractor's liability for delay and Owner's sole and exclusive remedy for Contractor's delay under the Contract. Payment of these liquidated damages shall not release the Contractor from its obligation to deliver the delayed Equipment and shall not prejudice the right of the Owner to terminate the Contract after the maximum amount of delay liquidated damages has been reached, without any right to further indemnity or compensation. 1.07 TERMINATION. A. This Agreement may be terminated by either parry upon seven (7) days written notice should the other parry breach the material obligations terms of this Agreement and, that party fails to initiate and diligently pursue a cure to such breach within the seven (7) day period after receiving such written notice. Any termination of this Agreement by Owner for convenience shall be subject to the cancellation schedule and terms of Contractor as provided in it's proposal. 1.08 ASSIGNMENT. A The Cent+ ete Neither Party shall ne4 assign all of his rights or obligations under this Agreement without the express written consent of the Ow*e other Party. P:A04\285\09\1)i.)cASpP,c\X9`arrr\C'ontr;uct c�A(7ai�,>;irnals\A�grf;amPrni:423.509 llitachi.docx MA 4 Upon any assignment even though consented to by t Owne either Party, the Cent+ae assigning Party shall remain liable for the performance of the work under this Agreement. 1.09 PARTIAL INVALIDITY. A. If any provisions of this Agreement are in violation of any statute or rule of law of the State of Minnesota, then such provisions shall be deemed null and void to the extent that they may be violative of law, but without invalidating the remaining provisions hereof. 1.10 WAIVER. A. No waiver of any breach of any one of the agreements, terms, conditions or covenants of this Agreement by t4e Owne a Party shall be deemed or imply or constitute a waiver of any other agreement, term, condition or covenant of this Agreement. The failure of t4e Owne a Party to insist on strict performance of any agreement, term, condition or covenant, herein set forth, shall not constitute or be construed as a waiver of t a Party's rights thereafter to enforce any other default; neither shall such failure to insist upon strict performance be deemed sufficient grounds to enable toe Ce t,aetef other Party to forego or subvert or otherwise disregard any other agreement, term, condition or covenant of this Agreement. 1.11 ENTIRE AGREEMENT. A. The within Agreement, together with the Contract Documents, constitute the entire agreement of the parties hereto. No modification, change, or alteration of the within Agreement shall be of any legal force or effect unless in writing, signed by all the parties. 1.12 COUNTERPARTS. A. This Agreement may be executed in several counterparts and each such counterpart shall be deemed an original. 1.13 GOVERNING LAW. A. Venue for any and all legal actions regarding or arising out of the transaction covered herein shall be solely in the District Court in and for McLeod County, State of Minnesota or the United States District Court for the State of Minnesota. This transaction shall be governed by the laws of the State of Minnesota. P:A04\285\09\1)i.)cASpP,c\X9`arrr\C'ontr;u¢.i.I c�A(7ai�.>;irnals\A�nrf;amPrni:423.509Ilitachi.docx MA 5 1.14 INSURANCE REQUIREMENTS. A. The Contractor shall secure and maintain such insurance policies as specified in the General Requirements of this Contract. 1.15 NOTICES. A. All notices, requests, demands and other communications given or to be given under this Agreement shall be in writing and shall be deemed to have been duly given when served if served personally, or on the second day after mailing if mailed by first class mail, registered or certified, postage prepaid, and properly addressed to the party to whom notice is to be given as set forth below. If to Owner: Hutchinson Utilities Commission 225 Michigan Street SE Hutchinson, MN 55350 1.16 RISK OF LOSS. If to Contractor: Hitachi Energy USA 901 Main Campus Drive Raleigh, NC 27606 A. Risk of loss of the Equipment shall remain with Contractor until the Equipment has been unloaded, inspected, and accepted by the Owner or Owner's Representative, at which time risk of loss shall pass to Owner. Owner shall have fourteen (14) days after delivery to inspect the Equipment to accept of reject the delivered Equipment. Failure of Owner to inspect the delivery Equipment within fourteen (14) days of delivery, such Equipment shall be deemed accepted hereunder. Deemed acceptance shall not relieve or release Contractor from its obligations to comply with the terms of the Contract Documents and its obligations hereunder. Notwithstanding the foregoing, if Owner rejects the Equipment as non -conforming, risk of loss of the Equipment shall be and remain with Contractor until Contractor corrects the non -conformity or Buyer accepts the Equipment. If Owner rejects the Equipment, it shall promptly notify Contractor in writing including detailed reasons for such rejection within fourteen (14) days of delivery of such Equipment. Upon receipt of such notice, Contractor shall repair or replace the non -conforming portion of the Equipment. 1.17 TARIFFS. A. The Contractor represents and warrants that all pricing set forth in this Material Agreement fi"y ,,,.,., tints fe excludes all tariffs in effect as of the date of bid submission as defined in the Instructions to Bidders. As a ,.,,nditio fp yfne t a* P:A04\285\09\1)i.)cASpP,c\X9`arrr\C'ontr;uct c�A(7ai�.>;irnals\A�grf;amPrni:423.509 llitachi.docx MA 6 iiietiFF2d. Stieh deetim2iit-att6n ffia-y ifieltide btA is not lifnited to, items The following clauses are added and incorporated into the Material Agreement. 1.18 CHANGES. A. For Owner -requested scope changes affecting performance, Contractor is entitled to a time extension, price increase for all additional costs, and written agreement on adjustments before implementation. Contractor may, at its expense and within its sole discretion, modify the Equipment as necessary to conform the Equipment to the applicable specifications. If Owner objects to such changes, Contractor is relieved of its obligation to meet the specifications to the extent affected by the objection. 1.19 FORCE MAJEURE. A. Contractor is not liable for any loss, damage, delay, or failure to perform due to events beyond its reasonable control, including but not limited to acts of war (declared or undeclared), Acts of God, epidemics or pandemics (including COVID- 19 or any variants), outbreaks, fire, strikes, labor disputes, severe weather, governmental actions or omissions (including those of Owner), compliance with laws or regulations, insurrection, riots, embargoes, transportation delays or shortages, or inability to obtain labor, materials, or manufacturing facilities from usual shortages, including delays or defects in performance by suppliers or subcontractors due to any such causes. If such an event continues for an aggregate of 180 days, Contractor may terminate the purchase order. Delivery timelines will be extended by the delay plus a reasonable recovery period, and prices adjusted for resulting costs. A force majeure event does not entitle Owner to delay or withhold payment. The Parties acknowledge that the Middle East Situation (the conflict involving among others the Unites States of America, Israel and Iran and its neighborhood, or any other regular or irregular actor, which began on or around 28 February 2026 and/or any other of further conflict, event and/or disruption which may arise out of or in connection with the same) is affecting, or may have an adverse impact on, Contractor's ability to perform the Agreement including but not limited to price increases, transportation and logistics and insurances constraints, shortages and price increases in the procurement of products, services and commodities, as well as suspension of the performance of works/services. In case the Middle East Situation affects Contractor's performance, without prejudice to any other rights and remedies available to Contractor under the Agreement and/or the applicable laws, Contractor shall be entitled to an extension of the Delivery Time/Time for Completion and adjustment in the Contract Price (due to the additional cost). P:A04\285\09\1)i.)cASpP,c\X9`arrr\C'ontr;uct c�A(7ai�.>;irnals\A�nrf;amPrni:423.509 llitachi.docx MA 7 1.20 CONFIDENTIALITY AND INTELLECTUAL PROPERTY. A. Each Parry shall keep confidential this Agreement and any documents, data, drawings, software, or other information — whether oral, written, or in any form — disclosed by the other Parry and marked, identified, or which would reasonably be interpreted to be confidential ("Confidential Information"). Confidential Information shall not be published, disclosed, or shared with any third parry without the discloser's prior written consent. Each Parry shall impose equivalent confidentiality obligations on its employees, agents, and contractors. Unless otherwise agreed in writing, all rights, title and interest in any inventions, developments, improvements, or modifications related to the Equipment, as well as any design, manufacturing drawings, or technical information provided to Owner, shall remain exclusively with Contractor. These materials may not be copied, disclosed, or used for any purpose other than the operation and maintenance of the Equipment. Contractor retains all rights in, and has the right to sublicense, any Software delivered under this Agreement. Owner is granted a limited, non-exclusive, non- transferable license to use the Software only with the specified Equipment. The Software must remain strictly confidential, shall not be copied, reverse engineered, or modified, and may only be used while the specified Equipment is in use by Owner or until the license is otherwise terminated, including for breach. Nothing in this Agreement conveys to Owner any ownership interest in the Software of its underlying intellectual property, nor shall the Software be deemed a "work made for hire" under the Copyright Act. Upon license termination, Owner must immediately stop using the Software, delete all machine-readable copies from its systems, and return all copies, notes, and related materials to Contractor without retaining any reproductions. 1.21 INTELLECTUAL PROPERTY INDEMNITY. A. Contractor shall, at its own expense, defend any action against Owner alleging the Equipment, or the use of the Equipment to practice any process for which such Equipment is specified by Contractor (a "Process"), directly infringes a valid U.S. patent, and pay all damages and costs awarded in suck action, provided that Owner promptly notifies Contractor in writing, provides all necessary assistance, and grants Contractor full control over the defense and any settlement. If the Equipment or the use of a Process is found to infringe, or is enjoined. Contractor shall, at its option and expense: (i) secure Owner's right to continue using the Equipment or Process; (ii) modify or replace the Equipment or Process with non -infringing alternatives; (iii) with Owner's assistance, modify the P:A04\285\09\1)i.)cASpP,c\X9`arrr\C'ontr;uct c�A(7ai�.>;irnals\A�nrf;amPrni:423.509llitachi.docx MA 8 Equipment or Process to make it non -infringing; or (iv) remove the Equipment and refund the portion of the price allocable to the infringing item. This indemnity shall not apply to: (a) Equipment or Processes modified by Owner or combined with non -Contractor equipment or processes; (b) Equipment or Processes designed by Owner; (c) products manufactured using the Equipment or Process; (d) patents issued after the effective date of Contractor's proposal; or (e) any action settled or otherwise resolved without Contractor's prior written consent. If Owner modifies the Equipment or Processes, combines it with other equipment or processes not supplied by Contractor (except where Contractor is contributory infringer), or uses is to perform a process or produce an article not furnished by Contractor, and such use results in a claim against Contractor, Owner shall defend and indemnify Contractor to the same extent that Contractor would indemnify Owner under this clause. The foregoing states the entire liability of Contractor, its affiliates, subcontractors, and suppliers for any patent infringement. 1.22 WARRANTY. A. Contractor warrants that the Equipment (excluding Software) will be free from defects in material and workmanship at the time of delivery, and that services (if any) will be preformed in a professional and workmanlike manner. The applicable warranty periods are: (i) for Equipment (excluding Software, spare parts, and refurbished or repaired parts), sixty (60) months from energization or sixty-six (66) months from shipment, whichever occurs first; (ii) for spare parts, twelve (12) months from shipment; (iii) for replaced, repaired, or refurbished parts, ninety (90) days from shipment; and (iv) for services ninety (90) days from completion. If a defect is discovered during the warranty period and promptly reported in writing to Contractor, Contractor shall, at is option, (a) repair, refurbish, or replace the nonconforming Equipment or re -perform the nonconforming Services (if applicable), or (b) refund the portion of the price allocable to the nonconforming Equipment. If the repaired, replaced or re -performed item again fails to conform and written notice is provided within the original warranty period of within the thirty (30) days of such repair, replacement, or re -performance — whichever is later — Contractor will repair or replace the nonconforming Equipment or re -perform the nonconforming Services. In no event shall the warranty period extend beyond thirty (30) days after original warranty period. Contractor warrants that, if properly installed, the Software will operate according to its published specifications for a period of one (1) year from the shipment date. If a nonconformity is discovered within that period and promptly reported in writing, including a description of the issue and how it was discovered, Contractor shall, at its option, either (i) modify or provide instructions to modify the Software, P:A04\285\09\1)i.)cASpP,c\X9`arrr\C'ontr;u¢.i.I c�A(7ai�.>;irnals\A�nrf;amPrni:423.509Ilitachi.docx MA 9 or (ii) provide corrected or replacement programs at its facility, Contractor is not responsible for nonconforming caused by (a) unauthorized modifications, or (b) Owner -supplied software or interfacing. Contractor does not warrant that the Software will work in all Owner -selected combinations or be error -free. Contractor is not responsible for access to nonconforming Equipment, including disassembly or reassembly of non- Contractor -supplied equipment, which shall all be at Owner's expense. Contractor shall be responsible for transportation of the Equipment to or from any repair facility for the first twelve (12) months only and not to exceed ten percent (10%) of the price of the affected equipment. Contractor is not liable for Equipment that has been (i) improperly repaired or altered, (ii) modified or combined with other equipment, (iii) misused, neglected, or damaged by accident or force majeure, (iv) used contrary to Contractor's instructions, (v) made from Owner -provided materials or design, or (vi) subject to ordinary wear and tear. Equipment manufactured by third parties is warranted only to the extent of the original manufacturer's warranty, and only the remedies provided by that manufacturer shall apply. The foregoing warranties and remedies are exclusive and constitute Contractor's entire liability for any breach of warranty, all other warranties, whether written, oral, express, implied, or statutory — including any implied warranties of merchantability, fitness for a particular purpose, or usage of trade — are hereby disclaimed. The remedies set forth herein are Owner's exclusive remedies and Contractor's entire liability for any breach of warranty. 1.23 LIMITATION OF LIABILITY. A. To the fullest extent permitted by law, Contractor's total aggregate liability for any matter arising out or of related to this Agreement shall not exceed the price of the purchase order giving rise to the claim. Contractor is not liable — under any theory of recovery, including but not limited to indemnity, breach of contract, warranty, statutory duty, equity, tort (including but not limited to negligence or strict liability), or otherwise — for any loss of use; loss, deterioration, or corruption of data; loss of profit or revenue; loss of production or power (including replacement or purchased power or hydrocarbons); loss of goodwill or reputation; increased operational costs; downtime or interruptions; loss of contracts; cost or loss of capital, financing, or banking interests; loss of anticipated savings or profit; loss of business or business opportunities; incurrence of additional financial or loan charges; or any special, incidental, punitive, indirect, or consequential damages of any kind. Contractor's liability shall expire one (1) year after the end of the warranty period. Contractor shall not be liable for any advice provided outside the scope of the Agreement. These limitations and exclusions apply equally to Contractor's affiliates, subcontractors, and suppliers of any tier and shall survive termination of expiration of this Agreement. P:A04\285\09\1)i.)cASpP,c\X9`arrr\C'ontr;uct c�A(7ai�.>;irnals\A�grf;amPrni:423.509 llitachi.docx MA 10 1.24 COMPLIANCE WITH LAWS. A. Owner shall comply with all applicable local, state, national, and international laws, statutes, ordinances, rules, orders, regulations, and codes in connection with the application, operation, use, maintenance, and disposal of the Equipment. This includes, without limitation, laws relating to environmental protection, data privacy, export control, health and safety, and product disposal. Owner is solely responsible for obtaining and maintaining all licenses, permits, and approvals required for lawful use and operation of the Equipment. Each Parry shall comply with all applicable antitrust, competition, anti -bribery, and anti -corruption laws in connection with its activities under this Agreement. Neither Parry shall be liable for any claims, damages, penalties, or other liabilities arising out of or related to any actual or alleged violations of such laws by the other Parry or any third parry. 1.25 CHANGES IN LAWS OR REGULATORY IMPACT. A. Notwithstanding any other provision of this Agreement, if at an time after the submission of Contractor's proposal there is any enactment, amendment, repeal, or new interpretation or application of any law, ordinance, statute, rule, regulation, order, code, by-law, trade regulation, tariff, import or custom duties, fees or rates, quota, or other trade -related measure, or decree (including but not limited to changes in work permits, visa requirements, taxation, import/export restrictions, or other governmental requirements) that affects Contractor's performance of this Agreement, then Contractor shall be entitled to an equitable adjustment to the Agreement. Such adjustment may include extending the delivery date, increasing the Agreement price, or modifying any other Contractor obligation under this Agreement as reasonably necessary to address the impact of the change in law. Any tariffs/custom duties, import/export restrictions or embargoes that may result from any executive orders, proclamations or other Applicable Laws that have been or will be issued after January 20, 2025 shall be considered a "Change in Law" event and entitle Contractor to equitable adjustment of cost and price and extension of time of performance. 1.26 RELIANCE ON SITE CONDITIONS. A. Contractor may rely on all information, representations, and warranties provided by Owner regarding Site conditions. Contractor shall not be responsible for any delays, additional costs, or performance issues arising from inaccurate, incomplete, or misleading Site information. Contractor does not assume risk for physical conditions above or below ground at the Site, including but not limited to: subsurface geology, borrow pit conditions, and spoil disposal areas; the availability, location, and extent of construction or storage areas and underground or above- ground utilities (e.g., gas, water, sewer, electrical, communications); required safety precautions and safeguards; dimensions not shown on drawings; the extent P:A04\285\09\1)i.)cASpP,c\X9`arrr\C'ontr;uct c�A(7ai�.>;irnals\A�grf;amPrni:423.509 llitachi.docx MA I I of established lines and levels; work to be performed by Owner or third parties; and any rules, regulations, or requirements not previously communicated to Contractor. IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed by their duly authorized representatives all as of the day and year first above written. Hutchinson Utilities Commission ......................................................Owner.................................................. Sign: Print: ATTEST Sign: Print: Hitachi Ener�USA ................_.........._.........._............ ............a.w........ Contractor Sigtded by: Sign: E E..Zeoo Print: Joseph Ness ATTEST DocuSigned by: Signed by: E Sign:heri. Sµt� 5aCVo 1DCFFB724B9342B.. Shane Smith Print: Jared Becraft P:A0-1\285\09\DocASpecAXfmr\Contract Docs\Originals\Aereemeiit-t2S509 Hitachi doex MA -I? Bid Proposal Clarifications Contract: Furnishing 115 / 13.8. kV Power Transformers — Plant 1 Substation Owner: Hutchinson Utilities Commission — Hutchinson, Minnesota Contractor: Hitachi Energy USA Engineer: DGR Engineering DGR Project#: 428509 Bid Date: April 15, 2026 The following bid proposal clarifications or negotiated items are included in the referenced contract agreement. As agreed upon, the Bid Proposal Clarifications supersede any and all contradictory terms within the Contract Documents. Bid Proposal Clarifications: All references to Buyer shall be replaced with Owner. 2. All references to Supplier or Seller shall be replaced with Contractor. 3. The Owner has selected the Base Bid: One (1) 25/33.33/41.67 MVA at 55°C, 28/37.33/46.67 MVA at 65°C, ONAN/ONAF/ONAF, 115 kV Delta to 13.8 GRDY/7.97 kV with LTC and accessories. 4. The unit will be delivered and offloaded no earlier than April 2, 2029 and no later than August 2, 2029. Field services will be completed no later than six (6) weeks after the delivery. 5. Costs to mobilize and mitigate deficiencies identified by the Owner after the completion of field services, will be the responsibility of the Contractor. 6. Hitachi Specifications, Onsite Installation Services, Section 2 Pricing, 5a. Inspection Services are listed as optional and are not included in the contract price. 7. Hitachi Quote Letter and Proposal, 7 Transportation and Delivery, Services included in this proposal. REMOVE the paragraph 9 in its entirety and REPLACE with the following: Offloading on pad with overhead crane. 8. Hitachi Quote Letter and Proposal, 7 Transportation and Delivery, Services not included in this proposal. REMOVE paragraph 11 in its entirety. 9. Hitachi Quote Letter and Proposal, 7 Transportation and Delivery, Services not included in this proposal. REMOVE paragraph 14 in its entirety and REPLACE with the following: 14. The use of any equipment not mentioned in this offer. For example: but not limited to gearless vessel, gantry crane, etc. P:A04\285\09\1D )cASpec\X9`arrr\C'ont.ract.Ioc4\Orr inal4,ABid Prop C'lars, and N gs, 428509 I itachi.docx Page I of 5 10. Hitachi Quote Letter and Proposal, 8 Maintenance and Instruction Manuals. REMOVE the paragraph in its entirety and REPLACE with the following: Hitachi Energy will supply hard bound copies and one digital copy via electronic link of Maintenance and Instruction Manuals. These include certified test results, requested transformer pictures, and drawings. Bidding Documents Clarifications: 1. Instructions to Bidders, 1.05 Taxes. REMOVE paragraph A. in its entirety and REPLACE with the following: A. The prices for material items in all bids shall not include any sales or use taxes to the State of Minnesota. The Owner will issue a tax exemption certificate to the successful Bidder. 2. Instructions to Bidders, 1.11 Contract Award. A. REMOVE paragraph 5. in its entirety and REPLACE with the following: 5. Life cycle and maintenance costs. Life cycle costs, maintenance or any reference to life cycle shall in no way imply expanded warranty obligations or create any potential obligations on Contractor which are not expressly stated hereunder. 3. Instructions to Bidders, 1.13 Execution of Contract. REMOVE all paragraphs in their entirety and REPLACE with the following: A. The Bidder to whom the Contract has been awarded shall enter into Contract with the Owner within fifteen (15) days after the Parties conclude any negotiations on the terms, conditions, specifications, or otherwise related to the purchase order. B. No bid shall be considered binding upon the Contractor or the Owner until the Contract is properly executed by both Parties and all required bonds are filed and certificates of insurance are in place. C. The Contract, when executed, shall be combined with all the Contract Documents identified in the Material Agreement representing the entire agreement between Parties. 4. Instructions to Bidders, 1.14 Project Schedule. REMOVE paragraph B. in its entirety and REPLACE with the following: B. The Bidder shall provide in their bid a guaranteed delivery and assembly date. Unless otherwise noted in the Purchase Order, offloading and placement on the pad will be completed by the Contractor. 5. Instructions to Bidders, 1.15 Tariffs. REMOVE paragraphs B. and C. in their entirety and REPLACE with the following: B. In the event that tariffs are imposed on any equipment, the Contractor must provide detailed supporting documentation to substantiate any requested reimbursement thereof. C. The Contractor represents and warrants that all pricing set forth in this Bid and any resulting Material Agreement excludes tariffs in effect as of the date of Bid submission. P:A04\285\09\1D )cASpec\X9`arrr\C'ont.ract.Ioc4\Orr inal4,ABid Prop C'lars, and N gs, 428509 l itachi.docx Page 2 of 5 0 7 General Requirements, 1.01 Definition of Terms. REMOVE the following in its entirety: The Work: The materials, equipment and labor necessary for the construction of the improvement as indicated in the Specifications, on the Plans, or as set forth in the Contract. and REPLACE with the following: The Work: The materials, equipment and labor necessary and included under the Purchase Order for the installation as set forth in the Contract. General Requirements, 1.07 Insurance Requirements. REMOVE paragraph A. in its entirety and REPLACE with the following: A. General: The Contractor shall secure and maintain such insurance policies which will protect that Contractor and unless otherwise specified, the Owner and its agents, from claims for bodily injuries, death or property damage, which may arise from operations under this Contract whether such operations be by the Contractor or anyone employed directly or indirectly by them. The Contractor shall not commence work under this Contract until the Contractor has obtained all insurance required herein. The Contractor shall deliver to the Owner a certificate of insurance. No policy shall be canceled until thirty (30) days after notice of cancellation is given to the Owner in writing. The Contractor agrees to hold harmless, indemnify and defend the Owner from and against any injury including death to any person including employees of Contractor, or physical damage to third party tangible property, to the extent arising from any negligence of, Contractor or its Subcontractors or the officers, or Employees of either while engaged in the performance of this Contract, or while in or about the building or premises. In the event of concurrent or joint negligence of Owner and Contractor for any claim, the costs and expenses of such claims shall be borne by each Party to its degree of negligence. The Contractor agrees to hold harmless, indemnify and defend the Owner from and against liens or claims by Contractor or any employee, contracted agent, Contractor or Subcontractor of Contractor for payment of services rendered or labor or materials furnished in or for the performance of this Contract, provided Owner is current with all payments when due in accordance with the Contract Documents. General Requirements, 1.07 Insurance Requirements. REMOVE paragraphs B. and C. in their entirety and REPLACE with the following: B. Coverages and Limits: The Contractor shall provide insurance to include the following coverages and associated limits: Coverage Worker's Compensation Employer's Liability Limits Statutory $500,000 each Employee $500,000 each disease $500,000 each accident 2. Commercial Liability Combined Single Limit $1,000,000 each occurrence $2,000,000 aggregate P:A04\285\09\1D )cASpec\X9`arrr\C'ont.ract.Ioc4\Orr inal4,ABid Prop C'lars, and N gs, 428509 I itachi.docx Page 3 of 5 0 3. Automobile Liability Combined Single Limit $1,000,000 each occurrence 4. Umbrella (Excess) Liability $2,000,000 each occurrence $2,000,000 aggregate C. Additional Insured: The Owner, Engineer, and each of their employees, and officers shall be added as an additional insured under the Contractor's insurance policies and the Owner and Engineer shall be named as an additional insured on all certificates of insurance, but only to the extent of Contractor's negligence in causing such claim and only to the limits specified herein. Owner: Hutchinson Utilities Commission its employees and officials 225 Michigan Street SE Hutchinson, MN 55350-1905 Engineer: DeWild Grant Reckert and Associates Company dba DGR Engineering 1302 South Union Street Rock Rapids, IA 51246 D. Casualty Insurance: Except when the risk of loss of the Equipment is with Owner, Contractor shall maintain on the Equipment insurance against loss or damage by fire, lighting and all other risks covered by the Contractor's insurance coverage in an amount equal to the full insurable value of the Equipment. Upon the request of Owner, Contractor shall deliver to Owner a certificate of insurance evidencing the insurance required by this section. General Requirements,1.08 Warranty. REMOVE paragraphs A. through D. in their entirety and REPLACE with the following: A. Contractor shall furnish a standard warranty package with the material, subject to the warranty provisions included in the Agreement. B. The warranty shall be in effect sixty (60) months from date of energization, or sixty-six (66) months from delivery, whichever is first. For warranty work performed, the warranty shall not be extended as may be provided in the warranty provisions included in the Agreement. C. Shall be comprehensive, without deductibles, and shall cover all equipment furnished by Contractor, whether or not it was manufactured by the Contractor. D. Warranty shall be twelve (12)-month in/out warranty for transportation to and from the place of repair but shall not include the following: Removal of transformer from service. 2. Disconnecting primary and secondary conductors and control cables. 3. Draining of oil. P:A04\285\09\1D )cASpec\X9`arrr\C'ont.ract.Ioc4\Orr inal4,ABid Prop C'lars, and N gs, 428509 I itachi.docx Page 4 of 5 4. Inspection and repair of the transformer. Unloading transformer and filling oil. 6. Reconnecting primary and secondary conductors and control cables, 7. Completing all necessary field-testing services. Hutchinson Utilities Commission Hitachi Energy USA Owner Contractor Stlgo�ad by: Sign: w Sign:°° I 7EB641 DB30504E2_____��._�__��.................��....................�........� Print: Print: Joseph Ness ATTEST A T l_s "'DocuSigned by: --Signed by: Sign: Sign:E ho.�c S� � a CI' 1DCFFB724B9342B�.• %�64DIE.12164�'71644'& .. Print: Print: Shane Smith Jared Becraft P:\0=1\285\09\Doc\Spec\Xfinr\Contract Docs\Originals\Bid Prop Clars and Negs 428509 Hitachi docx Page 5 of 5 W W o °c? sy d ,b � M � N N 'y4 O O O O R C. 0.i R G O V1 rq N O V1 R W 69 69 69 69 69 I 69 U d ti O O O O O O O O O O O O ID a R O O O O O O O O O O N 7 ID O d c x x a O Q.i rq 69 69 69 69 69 69 s0.� i N Z b 4y4 O ,. O O O 7 O� G, w 0 0 0 0 0 0 F .A 0.1 u � o O 2 N w sy Q� W O,