Colorado-based power provider now under federal regulation
DENVER (AP) — A Colorado-based power provider serving four states has voted for the federal government to regulate it.
The Denver Post reported Wednesday that the Federal Energy Regulatory Commission will oversee the Tri-State Generation and Transmission Association and set its electric rates.
Tri-State says the move will give it more flexibility than being regulated by four states where it serves electric cooperatives: Colorado, Wyoming, New Mexico and Nebraska.
Colorado lawmakers say they asked for a delay in the decision last week because they wanted more time to determine the implications of the change.
A new law requires Colorado regulators to approve Tri-State’s plans for where it gets its power, whether from coal or renewable sources.
State agencies say their ability to regulate planning, emissions and environmental issues will not change.
Information from: The Denver Post, http://www.denverpost.com