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Exit fee calculations in place for United Power’s spin-off from Tri-State

Staff reports

BRIGHTON – Brighton energy co-operative United Power has filed a pair of exit fee calculators as part of its response to a Federal Energy Regulatory Commission ruling. A news release said the calculators can help the commission and others assess the impact of the co-op’s proposed balance sheet and changes to the balance sheet proposed by the commission and approved by Administrative Law Judge Renee Terry.

The tool allows the 42 member utilities to estimate Tri-State Generation and Transmission exit fees. A set of fees, modeled on calculations adopted by the commission, allows each member to enter their desired departure date and select exit options

“We appreciate the hard work of FERC staff to deliver exit solutions from our power provider that are in many ways aligned with what United Power has always advocated as a fair outcome,” said Mark A. Gabriel. , chairman and CEO of United Power, in the statement. “By following United Power’s balance sheet approach, everyone can calculate their real starting cost. This is essential for the future planning of our current electricity supplier and its members. Although the initial changes to the ruling present implementation issues and other hurdles that we challenge in our exceptions submission, we believe that the ruling’s principles set the stage for a fair transition of members to sourcing. competitive and open access.

United Power has indicated its departure from Tri-State, effective May 1, 2024.