Tri-State Generation and Transmission Association Inc., a not-for-profit power cooperative serving members in New Mexico, Colorado, Nebraska and Wyoming, says it will maintain steady wholesale rates for members in 2025.
The decision was finalized in its 2025 budget, which was approved by Tri-State’s board of directors on Sept. 27, the power supplier announced Sept. 30 in a news release.
It has 11 cooperative members in New Mexico.Â
"Stable wholesale power costs are critical for distribution cooperatives and public power districts to affordably serve rural communities, many of which are in economically challenging areas across the West," Tim Rabon, chairman of Tri-State's board of directors and trustee of Cloudcroft's Otero County Electric Cooperative, said in a statement.Â
Tri-State has increased wholesale rates to its members 2.46% between 2017 and 2025, the release said, noting the increase is "significantly below the rate of inflation over the nine-year period."
Tri-State leaders hailed the company's continuation of competitive prices and reliability in the midst of its transition to clean energy.
The 2025 budget reflects the board's decision to transition Tri-State’s Colowyo Mine, located about 26 miles southwest of Craig, Colo., from producing coal to full reclamation in the latter part of 2025.
Tri-State uses coal produced at the northwest Colorado mine at Craig Station, which will retire its three generating units between 2025 and 2028.Â
The nonprofit was able to maintain stable rates for members through fiscal discipline and management practices, Todd Telesz, Tri-State’s chief financial officer, said in the news release.