June 2008

After 27 public meetings, three years of work and input from hundreds of lake area stakeholders, the comprehensive shoreline management plan (SMP) forGrand Lake is approved by the GRDA Board of Directors. The plan is then sent to the Federal Energy Regulatory Commission (FERC) in Washington, D.C. for final approval.

January 2008

GRDA goes public with an announcement that it is joining with two other Oklahoma-based utilities to purchase the natural gas fired 1,200 megawatt (MW) Redbud Plant near Luther. GRDA will be a 36 percent interest owner in the plant (which translates to approx. 400 MW) and will partner with Oklahoma Gas and Electric (51 percent interest) and the Oklahoma Municipal Power Authority (13 percent). Plans were to finalize the deal sometime in 2008.

December 2007

The year goes out the same way it came in – with an ice storm. Once again, Northeast Oklahoma is hit hard and the GRDA system suffers damage in various locations. This time, a high voltage transmission line (Feeder 13) running between Collinsvilleand Prue sees the worst of it. GRDA crews work round the clock, in the ice and cold, for several days to restore the system to full service.

October 2007

Kevin Easley, CEOFollowing on the heels of credit outlook improvements from the three major rating agencies, GRDA receives a credit rating upgrade   Standard & Poor’s (S&P) Rating Services. S&P announces it is changing GRDA’s credit rating from “BBB+” to “A”, and improving the outlook from stable to positive. It marks the first rating upgrade in GRDA’s history. “This upgrade is proof that the financial community believes GRDA is growing more financially stable,” said GRDA Chief Executive Officer Kevin Easley. “Moving the rating from “BBB+” to “A-” adds even more stability to the financial foundation this agency will rest on in the future.”

September 2007

The final draft of the shoreline management plan (SMP) is complete and presented to the public at a series of public meetings around Grand Lake.