Tri-State, Delta-Montrose Electric Association close on withdrawal transactions

(June 30, 2020 – Westminster, Colo.) – Tri-State Generation and Transmission Association and Delta-Montrose Electric Association (DMEA) have completed the transactions for DMEA to withdraw as a member of Tri-State.

The closing follows approvals required by the Federal Energy Regulatory Commission and the Colorado Public Utilities Commission. In April 2020, Tri-State and DMEA entered into a membership withdrawal agreement in accordance with a July 2019 settlement agreement. Tri-State and DMEA have entered into certain new contracts for the continued operation of transmission and telecommunications systems.

"We wish DMEA and its consumer-members well," said Duane Highley, chief executive officer of Tri-State. "The separation of a distribution cooperative and a generation and transmission cooperative after 28 years together is complex, and we appreciate the efforts of our respective teams to complete this work."

"This separation marks a new chapter for both DMEA and for Tri-State, and as cooperatives we both know it's important to look forward for the benefit of our members," said DMEA's chief executive officer, Jasen Bronec. "We recognize our ongoing partnership with Tri-State in various areas, such as transmission, and appreciate the importance of our continued cooperation. We wish Tri-State and its member-owners well."

DMEA became a member of Tri-State in 1992.

About Tri-State

Tri-State is a not-for-profit cooperative of 45 members, including 42 member utility electric distribution cooperatives and public power districts in four states, that together deliver reliable, affordable and responsible power to more than a million electricity consumers across nearly 200,000 square miles of the West. For more information about Tri-State and our Responsible Energy Plan, visit www.tristate.coop.

About DMEA

Delta-Montrose Electric Association is a member-owned and locally controlled rural electric cooperative, incorporated in 1938. Located in Southwest Colorado, DMEA energizes and serves 28,000 members in Montrose, Delta and Gunnison counties. DMEA is a progressive and forward-thinking electrical distribution cooperative. Learn more about the value of cooperative membership at www.dmea.com or by calling 877-687-3632.

Contact:

Tri-State

Lee Boughey, 303-254-3555, lboughey@tristategt.org

Mark Stutz, 303-254-3183, mstutz@tristategt.org

DMEA

Virginia Harman, 970-240-1262, virginia.harman@dmea.com

Becky Mashburn, 970-240-1263 becky.mashburn@dmea.com