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Tri-State Generation and Transmission Association

Wholesale electricity and transmission for cooperatives

Overview

Tri-State Generation and Transmission Association is a not-for-profit wholesale power supplier serving 42 electric cooperatives and public power districts across four Western states. It provides wholesale electricity and transmission capacity to member utilities, which then supply power to over a million consumers. The cooperative model relies on member ownership and requires about 95% of each member’s electricity purchases from Tri-State, emphasizing reliability and affordable power. It is expanding into renewable energy and EV infrastructure through the Responsible Energy Plan and related programs to support its member communities.

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About Tri-State Generation and Transmission Association

Simplify's Rating
Why Tri-State Generation and Transmission Association is rated
B-
Rated B on Competitive Edge
Rated B on Growth Potential
Rated C on Differentiation

Industries

Energy

Company Size

501-1,000

Company Stage

N/A

Total Funding

N/A

Headquarters

Westminster, CO

Founded

1952

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What believers are saying

  • S&P, Fitch, and Moody’s affirmed investment-grade ratings on August 31, 2026.
  • FERC approved Tri-State’s High-Impact Load Tariff on August 14, 2026.
  • Tri-State’s November 6, 2026 CEO retirement announcement signals stable succession planning.

What critics are saying

  • Midwest Electric’s May 28, 2026 withdrawal tests Tri-State’s retention and pricing power.
  • La Plata’s April 1, 2026 exit and $159 million payment normalize member defections.
  • Basin litigation and FERC CTP fights risk accelerating exits before 2050, weakening the cooperative.

What makes Tri-State Generation and Transmission Association unique

  • Tri-State’s 2026 formulary rate and CTP tariff give unusual exit-price visibility.
  • SPP western expansion on April 1, 2026 improves dispatch, planning, and transmission access.
  • Thirty-six members signed 2026 contracts, including 32 through 2066, anchoring load.

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Benefits

  • Health Insurance
  • Dental Insurance
  • Vision Insurance
  • Health Savings Account/Flexible Spending Account
  • Unlimited Paid Time Off
  • Flexible Work Hours
  • Remote Work Options
  • Life Insurance
  • 401(k) Retirement Plan
  • Long Term Disability
  • Short Term Disability
  • Employee Assistant Program

Company News

Durango Telegraph
Oct 22nd, 2026
Solar-powered ski lifts?

Solar-powered ski lifts? The Alberta Lift at Wolf Creek Ski Area. Powered by San Luis Valley Rural Electric, Wolf Creek partnered with the co-op on the Penitente Solar Project. Using power from that, along with renewable energy credits, the ski area proclaims it runs on 100% renewable power./Photo courtesy Wolf Creek Ski Area 10/22/2026 Come January 2030, four ski areas in Southwest Colorado could conceivably be supplied principally from solar, at least on cloudless days. Called the Valley Range Energy Park, the project proposed east of Cortez calls for 125 megawatts of solar energy supplemented by 62.5 megawatts of battery storage. Developer of the proposed project is Accelergen Energy, based in Austin, Texas. The electricity would be sold to the local Cortez-based electrical cooperative, Empire Electric Association, as well as three others in Southwest Colorado, Gunnison County Electric Association, San Miguel Power Association and San Luis Valley Rural Electric Cooperative. Eric Eriksen, CEO of San Luis Valley coop, calls the project historic. By late 2029, he said, the co-op expects the project to supply about 40% of its annual energy needs. With other projects and sources, the cooperative expects to get 83% of its electricity from renewables by 2030. In addition, the four coops estimate they will amass savings of more than $20 million over the life of the project. San Luis Valley co-op serves Wolf Creek Ski Area, which matches 100% of its electricity use with renewable energy credits through a voluntary program. Gunnison County Electric serves the Crested Butte ski area, and San Miguel Power serves Telluride and Silverton. (Purgatory Ski Resort is powered by La Plata Electric Association, which gets about 32% of its annual power mix from renewable sources. According to LPEA, these sources include the Dolores Canyon Solar Project, the Sunnyside Community Solar Garden and various member-owned rooftop solar systems, alongside regional hydropower and waste-heat recovery.) All four co-ops that have pledged to buy power from the Cortez project are members of Tri-State Generation and Transmission, which LPEA officially left in April 2026. Other Tri-State members, including Brighton-based United Power, Delta-Montrose and Kit Carson, in New Mexico, also left Tri-State over its longtime ties to coal. Others have given notice of plans to leave. When Tri-State's plans for a controversial new coal plant in Kansas were finally approved recently, it was a hollow victory. By then, the cost of wind and solar had plummeted, and Tri-State began exploring its alternatives. However, Tri-State's pivot has been a difficult one. It has coal plants to retire and a shrinking membership. But the solar project near Cortez testifies to Tri-State's greater flexibility. It's part of the Bring Your Own Resource, or BYOR, program. The program allows individual co-ops to generate up to 40% of their own electricity -Tri-State's former policy limited local generation to 5%. The 125 megawatts of solar in this project were among 310 megawatts in three projects approved by Tri-State in 2024. Tri-State has an additional policy, called 115, that allows cooperatives to provide an additional 20% of their own electricity. These two programs together allow members the flexible opportunity to source up to 60% of their energy. Crucial, though, is the battery component, which gives flexibility in delivering electricity, said Alex Shelley, a communications officer for San Miguel Power. This is not the first solar project for any of the four co-ops. In September, Gunnison County Electric commissioned a 975-killowatt solar array that is expected to produce enough energy to serve the equivalent of approximately 250 homes. This is in addition to Gunnison County's previously commissioned Oh Be Joyful Solar array near Crested Butte as well as electricity from the Taylor River Hydroelectric Project. The San Luis Valley co-op also has access to solar electricity from the Penitente Solar Project. Partnering in that project is the Wolf Creek Ski Area, which along with the help of the aforementioned renewable energy credits, proclaims it runs on 100% renewable power. Eriksen points out that the Cortez project would help Tri-State achieve the state mandate of 80% reduction in greenhouse gas emissions by 2030 as compared to 2005 levels. The renewables and battery storage also help the economics of his cooperative, reducing upward pressure on rates paid by the members. The Cortez project hopes to secure approval from Montezuma County by December, allowing construction to begin next year. Allen Best is a Colorado-based journalist who covers the state's energy transition in an e-magazine called Big Pivots. Reach him at [email protected].

Alliance Times-Herald
Dec 3rd, 2025
PREMA Announces Intent to Terminate Wholesale Power Contract

PREMA announces intent to terminate wholesale power contract. Panhandle Rural Electric Membership Association (PREMA) announces intent to terminate wholesale power contract with Tri-State due to projected rate increases. PREMA will have a rate increase starting Jan. 1, 2026, of 4% which is attributed to Tri-State, but more alarming is the forecast of over 30% rate increases over the next several years. Tri-State Generation and Transmission Association based out of Westminster Colorado currently serves the district with a contract scheduled to end in December 2050. Projected rate increases have encouraged PREMA to search into alternative options for wholesale power providers. PREMA notice terminating the wholesale power contract will allow Alliancetimes to find alternative options while maintaining reliable service. Early termination of the existing contract will begin a formal process of transition. Notice to terminate contract will start a 2-year process to complete. "The driving factor for PREMA to look at alternative wholesale power supply is the projected rate increases. Tri-State is driven by policies and politics of Colorado that have tremendous cost increases that are unsustainable. These policies affect Nebraskans without benefit." added Zac Bryant, General Manager of PREMA. "Nebraska is the only Public Power state designed to supply reliable power at a lower cost, and members of Nebraska pay over 30% less than we do. Colorado policies affect more than their own state as Nebraska, Wyoming, and New Mexico will also be impacted. The costs impacts have become too great, and we have good alternative options." PREMA will provide updates and transparency as the transition continues. PREMA is working diligently with all appropriate agencies to ensure a smooth transition. PREMA celebrated 80 years this year of proudly serving the Nebraska Panhandle in portions of eleven counties covering over 7500 sq. miles. PREMA serves over 1600 members, providing service to more than 3800 meters.

BizWest Media LLC
Nov 19th, 2025
Tri-State buys Broomfield building for new HQ

Tri-State buys Broomfield building for new HQ. Tri-State Generation and Transmission Association Inc., a not-for-profit wholesale power supplier, has purchased a six-story office building in Broomfield's Interlocken Business Park and will move its headquarters there from Westminster. * Broomfield Community Foundation awards $60K in grants The Broomfield Community Foundation has awarded almost $60,000 in grants to arts, civic and youth... * DigitalOcean reports surge in revenue, profit DigitalOcean Holdings Inc. (NYSE: DOCN), a Broomfield-based cloud-infrastructure provider, recorded a surge in revenue and... * Crocs, Inc. promotes Rupert Campbell to head of HEYDUDE BROOMFIELD - There is a leadership change at Crocs, Inc. (NASDAQ: CROX). The company on... * CASA of Adams & Broomfield Counties names new leader The nonprofit CASA of Adams & Broomfield Counties recently elevated Vickie Ricord to the role... With BizWest since 2012 and in Colorado since 1979, Dallas worked at the Longmont Times-Call, Colorado Springs Gazette, Denver Post and Public News Service. A Missouri native and Mizzou School of Journalism grad, Dallas started as a sports writer and outdoor columnist at the St. Charles (Mo.) Banner-News, then went to the St. Louis Post-Dispatch before fleeing the heat and humidity for the Rockies. He especially loves covering its mountain communities.

Ironton Publications, Inc.
Jun 7th, 2025
'Trailheads of remembrance'

The 27 markers in the Tri-State will comprise the Appalachian Freedom Heritage Tour, designed to preserve historically significant locations and promote economic development through cultural tourism in the Appalachian region.

USA Solar Cell
Feb 15th, 2025
Billions in federal energy funds for Colorado are stalled

Tri-State Generation & Transmission Association - a key player supplying multiple rural cooperatives - was set to receive $2.5 billion in low-cost financing under New ERA aimed at acquiring new renewable resources and facilitating a transition away from coal-fired power generation.

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