Notice of Financing Order

September 1, 2022

Navasota Valley Electric Cooperative Inc.’s Board of Directors approved the adoption of a Financing Order pursuant to Senate Bill 1580, codified at Texas Utilities Code §§ 41.151 – 41.163, at its August 24, 2022, meeting. The Financing Order authorizes Navasota Valley Electric Cooperative to utilize securitization financing to recover extraordinary costs and expenses incurred due to Winter Storm Uri. The financing will allow Navasota Valley Electric Cooperative to spread these extraordinary costs and expenses over an extended period and will allow Navasota Valley Electric Cooperative to keep your monthly bills lower than they would be absent securitization. The securitized charges will be irrevocable, will be adjusted from month-to-month to pay the bonds, and will be included in member monthly bills starting in or about January 2023.

A copy of such Financing Order is attached below.