La Plata Electric Association will not increase rates for 2018

Thursday, Nov. 16, 2017 2:40 PM

The La Plata Electric Association Board of Directors announced Wednesday that rates for members of the cooperative will not increase in 2018.

Tri-State Generation and Transmission, the co-op's power provider, also stabilized rates for 2018 and reported that wholesale power costs will not increase.

"Part of our mission is to maintain reasonable costs, and we take that very seriously," Mike Dreyspring, LPEA CEO, said in a news release. "I challenged the staff this past year to really hold the line and never sacrifice service, reliability and communications, but be very prudent so we could keep the rates stable. Tri-State not raising its wholesale power costs was of tremendous assistance in our rate-development process to not raise rates."

The LPEA budget is typically developed in six months. Departments forecast capital construction and changes in the industry, and analyze the amounts needed to provide members with safe, reliable electricity service.

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