1. NAESB WEQ/WGQ FERC Forms Subcommittee Example XML April 19, 2016 Information On Formula Rates Important Changes During The Quarter Or Year

2. Areas of Focus …

3. Information On Formula Rates … … … …

4. Accepted Formula Rate Nemaha Marshall Electric Cooperative Association, First Revised Rate Schedule FERC No. 328 ER08-1062-000 ER08-1062-001 ER10-717-000 ER10-948-000 ER10-948-001 ER10-948-002 ER10-999-000 ER13-1633-000 ER14-805-000 ER14-805-001 Rate Schedule description spans 2 lines Related FERC Proceedings spans 5 lines

5. Filed Inputs To Formula Rates 20140530-5477 05/30/2014 ER09-1762-000 FERC Electric Tariff, Volume No. 20 Document Date and Filed Date stored separately

6. Formula Rate Variances

7. Important Changes During The Quarter / Year …

8. Important Transactions See the Notes to Financial Statements on page 123. Eliminate reference to question number. Enables FERC to reorder questions without impact to XML schema.

9. Changes in Officers On 1/1/2014, Mr. Banning’s titled changed from Vice President, Human Resources to Vice President, Human Resources and Information Technology and Mr. Beasley’s title changed from Vice President, Corporate Compliance and Internal Audit to Vice President, Customer Care. On 1/31/2014, a Schedule 13G/A was filed with the SEC to report the holding of 9,020,984 shares of our common stock by BlackRock, Inc., BlackRock Advisors (UK) Limited, BlackRock Advisors, LLC, BlackRock Asset Management Canada Limited, BlackRock Asset Management Ireland Limited, BlackRock Capital Management, BlackRock Financial Management, Inc., BlackRock Fund Advisors, BlackRock Fund Management Ireland Limited, Institutional Trust Company, N.A., BlackRock International Limited, BlackRock Investment Management (Australia) Limited, BlackRock Investment Management (UK) Ltd, and BlackRock Investment Management, LLC. On 2/4/2014 a Schedule 13G was filed with the SEC to report the holding of 6,679,132 shares of our common stock by JPMorgan Chase & Co., JPMorgan Chase Bank, National Association, J.P. Morgan Investment Management Inc., and JPMorgan Asset Management (UK) Ltd. On 2/12/2014, a Schedule 13G was filed with the SEC to report the holding of 7,494,472 shares of our common stock by The Vanguard Group, Vanguard Fiduciary Trust Company, and Vanguard Investments Australia, Ltd. On 2/26/2014, Michel’ P. Cole was appointed Vice President, Corporate Communications and Public Affairs. On 3/1/2014, Mr. Ludwig and Ms. Ricketts retired from their positions as officers of the company. On 5/14/2014, Mr. Banning’s titled changed from Vice President, Human Resources and Information Technology to Vice President, Human Resources and Technology Services. The board of directors also voted to decrease the number of directors from 11 to 10. On 5/15/2014, the term of Mr. Krause as a Class III member of our board of directors expired. Mr. Krause was not eligible to be nominated for re-election to the board due to age restrictions under our bylaws. Our other Class III directors (Ms. Carter, Mr. Farley, and Mr. Ruelle) were re-elected to three year terms at our annual shareholders meeting.

10. Footnotes