Which sentence is punctuated correctly?

Group of answer choices

The meeting agenda identified two managers who would present their budget plans; namely, John Franks and Carol Craigan.

The new plan must address our concerns, for instance, how can the company raise product prices during a time of decreasing customer loyalty?

The business office received bids for the new geothermal heating and cooling system from three out-of-state companies; that is, Bartingale Mechanical, TDS Engineering, and MEP Associates.