06/3/25

Chief Financial Officer to depart Tri-State

  • Power supply cooperative well positioned to support capital development strategy.

  • Tri-State to begin search for new CFO.

(June 3, 2025, Westminster, Colo.)  Todd Telesz, Tri-State’s Senior Vice President and Chief Financial Officer, has resigned from Tri-State, effective June 13, 2025. As Telesz supports the transition in leadership, Tri-State will initiate a search for a new CFO.  

During his tenure at Tri-State, Telesz implemented the wholesale cooperative power supplier’s financial strategy and leaves Tri-State in good financial standing. 

In 2024, Tri-State's financial performance included meeting all financial goals, returning patronage capital to its membership, reducing debt and strengthening the cooperative’s balance sheet. 

“We thank Todd for his service to our membership and wish him the best,” said Tri-State Chief Executive Officer Duane Highley. “Todd leaves Tri-State in a strong financial position and with a capable team well positioned to support our capital investment strategy.” 

Telesz has accepted a position as the Chief Financial Officer for a vertically integrated independent power producer headquartered in Colorado.  

Contact: 

Lee Boughey, VP Strategic Communications, lee.boughey@tristategt.org, 720-670-6696

Certain information contained in this press statement are forward-looking statements including statements concerning Tri-State’s plans, future events, and other information that is not historical information. These forward-looking statements are subject to a number of risks, uncertainties and assumptions, including those described from time to time in Tri-State’s filings with the Securities and Exchange Commission. Tri-State’s expectations and beliefs are expressed in good faith, and Tri-State believes there is a reasonable basis for them. However, Tri-State cannot assure you that management’s expectations and beliefs will be achieved. There are a number of risks, uncertainties and other important factors that could cause actual results to differ materially from the forward-looking statements contained herein.