Tri-State statement on La Plata Electric Association filing
(November 6, 2019 – Westminster, Colo.) Tri-State Generation and Transmission Association’s Chief Executive Officer Duane Highley made the following statement on the La Plata Electric Association (LPEA) filing with the Colorado Public Utilities Commission regarding its wholesale electric service contract with Tri-State.
“Our membership’s vision for Tri-State is closely aligned with La Plata Electric Association’s laudable goals to be cleaner and lower power costs.
“As a result of member requests, including LPEA’s, regarding the value of their wholesale power contracts with the association, Tri-State has begun a collaborative, member-driven process to reach agreement on a methodology for determining that value, with the goal to complete that work in early 2020.
“Specific actions in our Responsible Energy Plan and the completion of our members’ review of wholesale contract options will inform our members’ evaluation of a contract valuation methodology.
“Tri-State intends to conclude it process as quickly as possible, with all members continuing to participate.
“We are reviewing LPEA’s filings with the commission and will file a response.”
Tri-State Generation and Transmission Association, Inc., is a not-for-profit cooperative association of 43 member electric cooperatives and public power districts that collectively serve more than one million consumers throughout nearly 200,000 square-miles of Colorado, Nebraska, New Mexico and Wyoming. Learn more at www.tristate.coop