Tri-State rebuffs offer from Guzman Energy to buy and close 3 coal plants

Utility Dive: Rocky Mountain Institute turned up the heat on Tri-State last year when it issued a report concluding 1 million consumers could save more than $600 million through 2030 if Tri-State retired some of its fossil-fuel plants. Now Guzman Energy says it has sufficient capital to help retire 800 MW of coal generation while also procuring cleaner energy.

"Rapidly changing economics, combined with new carbon reduction goals in states that include the majority of Tri-State’s members, mean there’s a lot at stake for those who own and are served by Tri-State," Guzman President Chris Riley said in a statement.

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