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To Access Low-cost Renewables, a Colorado Co-op Plans to Exit Tri-State Utility

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United Power plans to work with other power suppliers over the next two years to secure alternative power supply on the open market.

United Power intends to exit its contract with Tri-State Generation and Transmission, contingent on an acceptable exit fee to be set by the Federal Energy Regulatory Commission (FERC).

The move comes after the rural electric cooperative tried to modify its all-requirements contract with Tri-State for three years. United Power’s costs for power from Tri-State are “disproportionately high,” said the co-op’s website, as Tri-State continues to provide power from a “legacy framework” relying heavily on fossil fuels, instead of pursuing renewable power.

“Instead of working with us in the pursuit of lower-cost, cleaner options, Tri-State has resisted these developments,” said Mark Gabriel, United Power president and CEO. “Tri-State recently purchased additional coal generation, is limiting our members’ ability to add more carbon-free generation, and is penalizing additional storage on our system.”

Tri-State’s policies include penalties if a member co-op such as United Power procures more than 5% of its electricity from sources other than Tri-State.

United Power currently has 46 MW of utility scale solar, 38 MW of other renewables, and 4 MW of battery storage. Its customers have 6,800 rooftop PV systems. The co-op serves customers with 100,000 meters in Colorado’s northern front range.

FERC is expected to set an exit fee for United Power, which the co-op said should reflect its “fair share” of Tri-State’s long-term debt.

Two other co-ops, Kit Carson and Delta Montrose, have exited Tri-State in recent years. At least six other co-ops are considering a potential exit, says United Power.

United Power is a founding member of the NextGen Cooperative Alliance, which aims to expand power supply and procurement options for rural co-ops, and reform the business model for generation and transmission co-ops.

Source Here: pv-magazine-usa.com

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LG HOME APPLIANCE FACTORY in UNITED STATES LATEST to RECEIVE PRESTIGIOUS ‘LIGHTHOUSE’ STATUS

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LG Electronics Tennessee Plant is Selected as Industry’s First U.S. Home Appliance Lighthouse Factory by World Economic Forum SEOUL, South Korea, Jan. 16, 2023 /PRNewswire/ — LG Electronics'(LG) home appliance manufacturing plant in the United States has been selected as a world-leading…

Original Post: prnewswire.com

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MP CM Shivraj Singh Bats for Decision to Conduct Medical, Engineering Education in Hindi

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Dhar (Madhya Pradesh) [India], January 16 (ANI): Madhya Pradesh Chief Minister Shivraj Singh Chouhan on Sunday said that English has no connection with intellect, so it was decided that medical and engineering education will be done in Hindi in Madhya Pradesh.
While addressing a public gathering here, MP Chief Minister said, “English has no connection with intellect. So I decided that medical and engineering education wil

Article: bignewsnetwork.com

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Indian Entrepreneurs Set to Launch Neobank in Southeast Asia

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By Lee Kah WhyeSingapore, January 16 (ANI): Inypay, a Singapore-based neobank announced that it will be launching in the second quarter of this year. It is planning to raise its seed funding round in the coming months after a successful pre-seed round of USD 1 million in September 2022.
The soon-to-be-launched digital bank’s key focus will be micro-lending, remittances, domestic payments, e-wallets, personalised and commu

Original Article: bignewsnetwork.com

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