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January Update
February Update
March Update

The "Bridge Period" begins April 1, 2026 and last through 2028.

As we were planning our departure from Tri-State, we knew we would need to secure a supply of power to ensure reliability starting in 2026. However, we didn't want to rush into more long-term contracts. By signing this short-term agreement with Mercuria for April 2026 - 2028, we can ensure an affordable, reliable power supply for our members after our departure from Tri-State while we take our time to thoughtfully and strategically procure power for 2029 and beyond. 

Yes, we do not anticipate rate increases through 2026 to support the transition. Our focus is on securing cost-effective, renewable energy solutions that ensure stable and predictable rates for our members.

The estimated $209.7 million CTP represents a settlement of debt we are already obligated to pay, regardless of our decision to leave Tri-State. It covers the debt incurred by Tri-State when it originally expected us to remain a member for 50 years. The final amount will be determined in March 2026.

No, we would have been responsible for paying the $209.7 million for the debt incurred by Tri-State, regardless of our decision to exit the contract. This payment is related to debt Tri-State accumulated when it originally expected us to remain a member for 50 years. Our decision to exit simply triggers the settlement of this debt, but it is not an additional cost beyond what was already owed.

We have fully secured our power supply for 10% less than what we currently pay Tri-State for the 2026-2028 bridge period through two PPAs with Tri-State, a new agreement with Mercuria, and local generation. Looking ahead, the RFP for 2028-2031 will ensure that we continue to meet our members' needs with reliable, cost-effective, and sustainable energy solutions as we move forward with our energy transition.

We will maintain strong reliability throughout the transition. While no longer a Tri-State member, we will remain a transmission customer, benefiting from Tri-State’s reliable infrastructure. We are managing the transition carefully to ensure uninterrupted service and the high level of reliability our members expect.

We will join the Southwest Power Pool (SPP) RTO on April 1, 2026, when we exit our contract with Tri-State. An RTO coordinates the efficient and reliable delivery of electricity across multiple utility systems. Joining SPP will provide us access to a competitive energy market, offering better pricing and more control over our energy future.

Yes! Check out our LPEA Fact Checker for more information on our energy transition, Board elections, the recent rate increase, and more. 

Visit the Fact Checker