Allen Best: Can Tri-State pivot to stay afloat?
Durango, Colorado Sat 1% chance of precipitation
Saturday, April 24, 2021 5:03 AM Allen Best Allen Best
Toggle font size
Once again the question looms, this time prodded by a downgrading by S&P Global Ratings, whether Tri-State Generation & Transmission can pivot rapidly enough to stay afloat in the turbulent world of this energy transition.
Two years ago S&P Global Ratings gave Tri-State an A rating. Then it downgraded the wholesale power provider for 42 electrical cooperatives in Colorado and three surrounding states to a rating of an A-.
Now, S&P has downgraded the ratings to BBB-plus.