In an effort to meet part of its Responsible Energy Plan, Tri-State Generation and Transmission Association, Inc. reached a settlement of its wholesale rate and contract filings made with the Federal Energy Regulatory Commission on Friday.
The Tri-State Board of Directors, which includes a representative from each of the power supply cooperative’s utility members, approved the proposed settlement of its wholesale rate and contract filings with FERC. Under the terms of the settlement, which requires FERC approval, Tri-State says it will immediately reduce its wholesale power rates 2%, followed by another 2% wholesale rate reduction in 2022.
This means people should see a 2% reduction on their bills moving forward.