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2.03.4(3)(b) Relationship of the controlling persons to the applicant: <br />Owners: Tri-State Generation and Transmission Association, Inc. - 99% <br />Western Fuels Association, Inc. - 1% <br />Tri-State Generation and Transmission Association (Tri-State) is the majority owner of WFC and <br />is controlled by a Board of Directors. There is no limit to how long a member can serve. The <br />Board of Directors is comprised of the following current officers and members: <br />Section 2.03 Page 3 Sept. 2015 (TR -11) <br />