Tri-State’s board of directors has approved the power supplier’s 2011 operating and capital construction budgets, which include significant investment in its transmission system to serve member loads and support system reliability throughout Colorado, New Mexico, Wyoming and Nebraska.
“As a member-owned, not-for-profit utility, Tri-State remains focused on affordably and responsibly serving our rural cooperatives’ electric needs,” said Tri-State executive vice president and general manager Ken Anderson. “We continue to bolster reliability, ensure environmental performance and invest in transmission and technology development that is key to our future.”
Tri-State’s 2011 capital construction budget includes $299 million for projects, including $160 million in transmission investments. Tri-State’s 10-year capital outlook for transmission estimates $1.2 billion in investments to ensure the association can meet member needs across its four-state, 200,000 square-mile service territory.
While several other utilities in the region are implementing rate increases, Tri-State’s 2011 operating budget of $1.2 billion calls for its wholesale rate to its member co-ops to remain stable – holding for the third consecutive year at 6.5 cents per kilowatt-hour.