Basin Electric Amends Bylaws, Expands Class D Membership Eligibility

What Happened
Basin Electric Power Cooperative announced a board-approved amendment to its Amended and Restated Bylaws on August 12, 2026, effective immediately. The amendment revises Class “D” membership eligibility to include Public Power and Irrigation Districts organized under Chapter 70, Article 6 of the Nebraska Revised Statutes (if they meet other membership requirements and execute a contract to purchase electric service). The Cooperative filed the amendment on Form 8-K on August 18, 2026 (Exhibit 3.2).

Key Details

• Board approval date: August 12, 2026; Form 8-K filed August 18, 2026.
• Membership change: adds Nebraska Public Power and Irrigation Districts (Chapter 70, Art. 6) to entities eligible for Class “D” membership, subject to usual membership requirements and a service contract.
• District boundary changes: removes Sheridan County, Wyoming from District No. 5 and updates District No. 9 to expressly allow inclusion of the Nebraska Public Power and Irrigation Districts.
• Voting: the amendment does not change the provision that all Class “D” Members are collectively entitled to a single vote in District No. 9.

Why It Matters
This is a governance and membership change—no financial results or executive changes were reported. For investors, the amendment may broaden the pool of potential members (Nebraska irrigation/power districts) and alters district definitions and representation within the cooperative. The immediate effect is administrative and governance-focused: it clarifies who may join as Class D members and how certain district boundaries and membership group voting are defined. The full amended bylaws are filed as Exhibit 3.2 to the 8-K for reference.