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.
Related News
Africa's Electricity Unlikely To Go Green This Decade
LONDON - New research today from the University of Oxford predicts that total electricity generation across the African continent will double by 2030, with fossil fuels continuing to dominate the energy mix posing potential risk to global climate change commitments.
The study, published in Nature Energy, uses a state-of-the art machine-learning technique to analyse the pipeline of more than 2,500 currently-planned power plants and their chances of being successfully commissioned. It shows the share of non-hydro renewables in African electricity generation is likely to remain below 10% in 2030, although this varies by region.
'Africa's electricity demand is set to increase significantly…