Tri-State CEO Duane Highley applauds $11 billion in USDA funding for rural communities, direct funding for electric cooperatives.
Ratings agency cites recognition of deferred revenue to stabilize wholesale rates and uncertainty in federal regulatory processes.
Tri-State set to create procedures necessary to provide certainty and facilitate member withdrawals.
Resiliency ensures Tri-State always serves its mission to deliver reliable, affordable and responsible power to its members.
Withdrawal Agreement will establish needed procedures, create certainty for departing and remaining members, and Tri-State.
Tri-State undertook extensive modeling to identify a preferred portfolio of new generation for its cooperative members.
Tri-State’s ratings remain classified as investment grade, and Tri-State maintains its strong financial position.
Approval of settlement would clear path for flexible contract options for Tri-State's utility members.
Tri-State to work with Mountain Parks Electric through the contract termination process to support an orderly withdrawal.