KLAMATH WATER AND POWER AGENCY

Notice of Organizational Meeting

The Organizational meeting of the Board of Directors of the Klamath Water and Power Agency (“KWAPA”) will be conducted at the office of the Klamath Irrigation District, 6640 KID Lane, Klamath Falls, Oregon, on Wednesday, August 20, 2008, commencing at 10:00 AM.

KWAPA is an interstate, intergovernmental agency formed to: (1) develop and implement a plan to align water supply and demand for the districts and landowners generally within the Klamath Reclamation Project on an annual and ongoing basis, conduct investigations related to the management of water resources, and generally act to provide beneficial water management; and (2) to coordinate studies relating to the acquisition of generation and transmission facilities for electrical energy, coordinate transmission service over various facilities, including those of the United States and the charges for such transmission service and the policies governing such transmission, coordinate and maintain reserve generating and transmitting capacity, coordinate the sale of surplus capacity of energy, coordinate the purchase of energy and the allocation of tax credits, funds, and other resources available to offset the cost of electrical energy, and provide coordination in the realization of benefits of any program or activity intended to minimize the overall cost of electricity for irrigation and drainage in the Klamath Reclamation Project.

The meeting agenda includes: election of officers, review and adoption of the By-laws, discussion and action on organizational issues related to budget, place of business, and employment of a director and administrator, and other business that may come before the Board for discussion or action.

William M. Ganong

Attorney at Law

514 Walnut Ave.