Tri-State and Kit Carson Electric Cooperative enter into membership withdrawal agreement
Tri-State Generation and Transmission Association, Inc. ("Tri-State") and Kit Carson Electric Cooperative, Inc. ("KCEC") have entered into a membership withdrawal agreement.
The agreement, which was signed by Tri-State and KCEC on June 21, 2016, is subject to KCEC's receipt of certain approvals and provides for the termination of the wholesale electric service contract between Tri-State and KCEC and the withdrawal of KCEC from membership in Tri-State effective as of the closing date.
"We have reached a mutual and amicable agreement to part ways," said Tri-State Chief Executive Officer Mike McInnes. "The agreement is fair and equitable, and protects the interests of all the association’s members."
"This separation serves both our cooperatives well, allowing us to move forward to best serve our respective members’ needs and wants," said KCEC Chief Executive Officer and General Manager Luis Reyes.
The parties anticipate that the closing date will be on or about June 30, 2016.
Additionally, Tri-State and KCEC will sell to each other certain transmission and distribution infrastructure facilities and enter into operations agreements for jointly owned or collocated infrastructure.
KCEC became a member of Tri-State following the association’s merger in 2000 with Plains Electric Generation and Transmission Cooperative of Albuquerque, N.M., which added 12 New Mexico cooperatives to Tri-State’s member distribution system network.
Kit Carson Electric Cooperative is a member-owned electric distribution cooperative that serves more than 29,497 members in Taos, Colfax and Rio Arriba counties in New Mexico.
Updated: June 27, 2016
Western Fuels-Colorado, LLC, has changed its name to Elk Ridge Mining and Reclamation, LLC.
Elk Ridge Mining and Reclamation is a wholly-owned subsidiary of wholesale electric power cooperative Tri-State Generation and Transmission Association, Inc.
Since forming in 1992, the organization now named Elk Ridge Mining and Reclamation has operated New Horizon Mine near Nucla, Colorado. New Horizon Mine supplies fuel to Tri-State’s Nucla Station. The organization has operated Colowyo Mine near Meeker, Colorado, since 2011 and currently supplies coal to Tri-State’s Craig Station and has sold coal into the market.
The organization’s two mines have received numerous awards for safety, reclamation and environmental protection. Colowyo Mine was recently named Colorado Parks and Wildlife’s 2015 Partner of the Year. The mine was honored for its collaboration with Colorado Parks and Wildlife to protect and steward natural resources and create a legacy for future generations, including work on big game habitat management, sage grouse mitigation, and stream protection and watershed management.
Updated: June 14, 2016