Bayard—Chimney Rock Public Power District (CRPPD) has notified the district’s wholesale power supplier of intent to terminate the longterm wholesale power contract due to projected rate increases. Tri-State Generation and Transmission Association based inWestminster, CO has served the district since the 1950’s with a contract scheduled to terminate in December 2050. Future projected increases have prompted the district to consider alternative options for wholesale power supply.
The board voted to notify Tri-State of this action during November’s regular monthly meeting. “Our board has a responsibility to ensure that our customers receive reliable, and affordable power” said Kevin Stuart, Board Chair of CRPPD. “Compliance to Colorado policy, regulations, and law, have resulted in a cost trajectory that can no longer be ignored.”
CRPPD’s evaluation process considered several factors, including changing market conditions, regional transmission access, regulatory requirements, and available alternatives. Early termination of the existing contract will begin a formal transition period, during which CRPPD will pursue new wholesale power options and conduct the necessary regulatory and operational steps to maintain seamless service.
