It was a remarkable day for Tri-State and our members, with the announcement of $2.5 billion in financing from the USDA for our energy transition. USDA Deputy Secretary Xochitl Torres Small made the announcement of our New ERA Program award at our headquarters, joined by U.S. Sen. Michael Bennet, U.S. Reps. Yadira Caraveo and Brittany Pettersen and USDA Rural Development Colorado State Director Crestina M. Martinez. Read more here: https://lnkd.in/gvavVeJu “This is a momentous day for Tri-State, for our members, and for the future of rural electric cooperatives,” said Duane Highley, our Chief Executive Officer. “Most importantly, this is all about our rural communities, who are the beneficiaries, and how we can accomplish an accelerated energy transition that ensures reliability, in an affordable manner, that finally allows rural America to own and directly see the benefits.” “We are incredibly grateful to the USDA, our congressional delegations, our board of directors, members and employees, and the stakeholders who have championed the development of the New ERA Program and our application,” said Tim Rabon, Tri-State’s Chairman and Trustee of Otero County Electric Cooperative (Cloudcroft, N.M.). The projects supported by the New ERA award will help Tri-State’s members reach 70% clean energy used in 2030, and reduce greenhouse gas emissions by nearly 5.8 million tons annually. In Colorado, Tri-State’s greenhouse gas emissions are forecasted to be reduced 89% in 2030 from a 2005 baseline. We are also so very excited for our member Poudre Valley REA, which was selected for a New ERA award today! Read more at: https://lnkd.in/gvavVeJu USDA Rural Development #TriStateCoop #IRA #EnergyTransition
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