You may be wondering what happened with LPEA’s bid to secure more flexibility in our power supply moving forward. In short, there has been some recent progress in proceedings but we are still waiting on a final ruling.
On April 28, 2022, LPEA and our power provider Tri-State, together with two other electric cooperatives, filed a settlement with the Federal Energy Regulatory Commission (FERC), which would allow LPEA to secure 50% of our power from Tri-State and 50% from other sources. This agreement represents an innovative adjustment to an outdated power-supply model. All parties to the settlement agreement are in lockstep, and we hope that FERC will recognize this landmark collaboration by approving it. While the case is progressing, we are still awaiting a final decision, and the process has taken much longer than anticipated.
We remain hopeful that the settlement will be approved within 2022, and that we can move forward with new power supply contracts to power our communities with reliable, affordable, and carbon-free electricity. We will keep you posted with any further updates on this matter.