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      <PrimaryExemptPurposeTxt>THE POWER ASSOCIATION OF CALIFORNIA IS A NON-PROFIT TRADE ORGANIZATION DEDICATED TO PROMOTING A GREATER UNDERSTANDING OF THE POWER INDUSTRY AND ALL OF ITS COMPONENT PARTS. PANC SPONSORS MONTHLY MEETINGS AND EDUCATIONAL SEMINARS TO HELP PROFESSIONALS BETTER UNDERSTAND THE CHALLENGES CONFRONTING THE POWER INDUSTRY. MONTHLY MEETINGS ARE TYPICALLY HELD ON THE SECOND WEDNESDAY OF EACH MONTH. GUEST SPEAKERS INCLUDE LEGISLATORS, INDUSTRY EXECUTIVES, PUBLIC OFFICIALS, AND OTHER EXPERTS FROM BOTH THE REGULATED AND UNREGULATED SIDE OF THE INDUSTRY.</PrimaryExemptPurposeTxt>
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        <ExplanationTxt>The organization previously known as the "Power Association of Northern California" has been officially renamed to "Power Association of California". The amendment to the Articles of Incorporation reflecting this change was made on February 8, 2023.</ExplanationTxt>
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