TRI-STATE PROPOSES RATE INCREASE
ESPAÑOLA, N.M., June 26, 2023 – Tri-State Generation & Transmission Association, Inc. (Tri-State), has submitted a filing to the Federal Energy Regulatory Commission (FERC) for a rate increase of 6.36 percent. Tri-State is the wholesale electricity provider to Jemez Mountains Electric Cooperative, Inc. (JMEC).
If the rate request is approved, the increase would go into effect January 1, 2024, and apply to JMEC members’ power cost only. For the average JMEC residential user of about 650 kWh per month, that increase would equal about 3.5 percent or $3.58 per month. Power costs are a pass-through cost from
Tri-State to JMEC’s members and are not marked up by JMEC. Tri-State has not increased its wholesale rate for its 42-member electric cooperatives in seven years, with the wholesale rate flat from 2017 into 2021, and then reduced a total of 4 percent in March of 2021 and 2022, remaining lower in 2023. Tri-State expects a ruling on the rate request from the FERC within 60 days.