Hyoung Chang/The Denver Post
According to Jessica Matlock, CEO of La Plata Electric Association, the cooperative s board is talking to Tri-State Generation and Transmission about producing more of its power locally in part as an economic development opportunity. Two other co-ops, the Delta-Montrose Electric Association and the Kit Carson Electric Cooperative in Taos, N.M. have reached agreements to break their contracts.
A little over a year ago, Tri-State Generation and Transmission Association released a blueprint for its energy future that was hailed by it and others as transformative. The Colorado-based wholesale power provider, long criticized for reliance on coal, said it would significantly expand its use of renewable energy and slash greenhouse-gas emissions.
Oil prices and demand may be up, but the industry has a host of issues to sort out in 2021
Judith Kohler
DENVER Tighter spending and the focus on free cash flow that were prevalent in the oil and gas industry before the pandemic are expected to continue even as demand and prices start to rise, two analysts said.
The COVID-19 outbreak, a glut of oil and a price war between Russia and Saudi Arabia converged to sink prices in April 2020 into uncharted territory: sub-zero for the first time ever. But even before the pandemic, oil and gas companies were laboring under heavy debt loads and cutting back to meet investors demands.