Tri-State advances transformative electric resource plan with unopposed settlement filing
•Electric Resource Plan seeks 1,250 megawatts of new renewable and energy storage resources.
•Settlement includes assistance for northwest Colorado coal communities.
•16 intervening parties join settlement; 14 do not oppose the settlement.
•With Colorado Public Utilities Commission approval, Tri-State will initiate the second phase of electric resource planning process, including procurement of a balance of dispatchable, renewable and storage projects.
In an important milestone in its energy transition, not-for-profit wholesale power supplier Tri-State Generation and Transmission Association filed an unopposed comprehensive settlement of Phase I of its 2023 Electric Resource Plan (“ERP”) with the Colorado Public Utilities Commission (“CPUC”). If approved by the CPUC, Tri-State will begin the procurement process for new resources, leading to an 89 percent reduction in its greenhouse gas emissions in Colorado and 70 percent clean energy used by its members systemwide in 2030.
“With the engagement of our members and stakeholders, Tri-State is advancing our transformative resource plan, preserving reliable, affordable and responsible power for our members, and helping meet the needs of transitioning communities in northwest Colorado,” said Duane Highley, chief executive officer of Tri-State. “We thank all who were involved in the settlement, and we look forward to working together to implement the plan.”
The settlement resolves all issues raised by intervening parties in Phase I of the ERP and provides for updates related to the scope of Phase II procurement, bid evaluation and portfolio modeling, and adds a demand response target for Colorado load in 2030.
Read more on Tri-State's website HERE.