Wholesaler borrows $100M for upgrades
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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Pandemic has already cost Hydro-Québec $130 million, CEO says
MONTREAL - Hydro-Québec expects the coronavirus pandemic to chop “hundreds of millions of dollars” off 2020 profits, its new chief executive officer said.
COVID-19 has depressed revenue by about $130 million between March and June, Sophie Brochu said Monday. Shrinking electricity exports to the U.S. northeast are poised to compound the shortfall, she said.
“What we’re living through is not small. The impacts are real,” Brochu said on a conference call with reporters. “I’m not talking about a billion. I’m talking about hundreds of millions. We have no idea how quickly the economy will restart. As we approach the fall we will…
