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.
Related News
Negative Electricity Prices Amid Renewable Energy Surplus
FRANCE - In a remarkable feat for renewable energy, France has recently experienced negative electricity prices due to an abundant supply of solar and wind power. This development highlights the country's progress towards sustainable energy solutions and underscores the potential of renewables to reshape global energy markets.
The Surge in Renewable Energy Supply
France's electricity grid benefited from a surplus of renewable energy generated by solar panels and wind turbines. During periods of peak production, such as sunny and windy days, the supply of electricity exceeded demand, leading to negative prices. This phenomenon incentivizes consumers to use electricity during surplus…
