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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Ontario Provides Stable Electricity Pricing for Industrial and Commercial Companies
TORONTO - The Ontario government is helping large industrial and commercial companies return to full levels of operation without the fear of electricity costs spiking by providing more stable electricity pricing for two years. Effective immediately, companies that participate in the Industrial Conservation Initiative (ICI) will not be required to reduce their electricity usage during peak hours, as their proportion of Global Adjustment (GA) charges for these companies will be frozen.
"Ontario's industrial and commercial electricity consumers continue to experience unprecedented economic challenges during COVID-19," said Greg Rickford, Minister of Energy, Northern Development and Mines. "Today's announcement will allow large industrial…
