2026 Annual Meeting | March 21, 2026
Order of Business
Order of Business continued… Chair’s Report
Management Update Management Q+A
Trustee Election Results
Swearing-in of Newly Elected Trustees
Door Prize Announcement
Adjournment
2026 Annual Meeting | March 21, 2026
Financial Report
Susan Knore, Vice President + Chief Financial Officer
REVENUE = $87.8 MILLION
OPERATING EXPENSES = $84.3 MILLION
MARGINS = $3.5 MILLION
ASSETS = $155 MILLION
DEBT / EQUITY = $155 MILLION
CAPITAL CREDIT RETIREMENTS = $3 MILLION
Chair’s Report
Mark Bailey, Chair of the Board of Trustees
Moving Forward
Our Commitment
Built for the Future Built
for Long-Term Success
Mission
Vision Core Values
Your Voice in Action
9 Board Trustees 36 County Nominating Board Members
Thank You.
Proud to serve you.
Management Update
Tom Musick, President + CEO
Powered by People. Guided by Values.
2026 Pioneer Electric Annual Meeting
Safety First
Safety
is Our Top Priority
Safety. Accountability. Communication.
Planning for the Future
Preparing the Next Generation
40% eligible to retire in 10 years
10-year succession plan
Built into financial forecast
Reliability + System Investment
Ongoing upgrades + maintenance
Vegetation management = critical
Infrastructure for Growth
Supporting a Growing Territory
Roberts Substation — Under construction
Troy Substation — 2027/2028
Northeast territory – Evaluation
Rates + Stewardship
No distribution rate increase in 2026
Artificial Intelligence
Jason Shaffer, Manager of Information Services
Artificial Intelligence
AI is a Tool — Not a Replacement
Helps sort information
Improves efficiency
AI in Action
Simple + Efficient
Script written by our team
Voice from prior recording
Photo from existing files
Responsible Use
Guided by Our Values
Enhances — doesn’t replace — people
Improves efficiency and service
Supports
our members
Large Power Users, PJM Requirements and Member Protection
Lynn Maniaci, Director of Technical Services + Engineering
What is a data center?
A data center is a facility that houses servers used to store and process data.
State of Ohio Data Center Map
Local Area Data Center Map
Buckeye Power Generating Facilities
Cardinal Generating Station
Brilliant, Ohio
Robert P. Mone Plant
Convoy, Ohio
Protecting Members from Risk
Paying your fair share
Large users pay their own way
Separate rate for very large loads
No cost shifting to homes + small businesses
What is PJM?
PJM Interconnection runs the power grid and electricity market across 13 U.S. states, including Ohio, to keep electricity reliable.
Our Commitment
Manage growth responsibly
Protect our members
Plan for the future