Old Dominion Electric Cooperative amends Code of Ethics, merging two policies and adding new sections

On June 13, 2023, the Code of Ethics of Old Dominion Electric Cooperative ("ODEC") was amended, with an effective date to be determined later in 2023 after training on the Code of Ethics for ODEC's staff and board members has occurred. Previously, there were two separate policies - a Code of Ethics for members of the board of directors and senior management and a Code of Ethics for ODEC employees. These two policies have been merged into one policy. Other material changes to the Code of Ethics include: • additional language to address potential conflicts of interest and the handling of business opportunities presented to ODEC; • addition of a Lobbying Activities and Political Contributions section; • addition of an Antitrust and Competition Laws section; and • addition of an Equal Opportunity and Harassment section.