Wholesaler borrows $100M for upgrades
COLORADO - A Colorado-based electricity wholesaler that serves four states will borrow more than $100 million for upgrades to its transmission lines.
Tri-State Generation and Transmission Association Inc. was one of 46 rural energy providers to receive U.S. Agriculture Department loans announced recently. Tri-State will borrow $102.5 million.
The company, based in the Denver suburb of Westminster, serves 44 electric cooperatives in Colorado, Nebraska, New Mexico and Wyoming. The cooperatives in turn provide power for a total of about 1.4 million people in those four states.
The USDA loans announced also include about $4 million for Highline Electric Association, which is based in Holyoke, Colo., and serves customers in Colorado and Nebraska.
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The overall rating of our antiquated electrical system was a D+. Major power outages in the United States have grown from 76 in 2007 to 307 in 2011, according to the latest available statistics. The major outage figures do not take into account all of the smaller outages which routinely occur due to seasonal storms.
The American Society of Civil Engineers power grid grade card rating means the energy infrastructure is in “poor to fair condition and mostly below…
