Tri-State finalizes United Power withdrawal with $627M exit fee; NRPPD agreement filed

Tri-State Generation & Transmission Association, Inc.

United Power exit fee of $627,194,617.56 to be paid into escrow by April 29, 2024; withdrawal effective May 1, 2024.
NRPPD withdrawal agreement filed with FERC; exit fee amount to be calculated per Rate Schedule No. 281.
Both agreements include true-up provisions for patronage capital credits and regulatory liabilities.
Tri-State's prior withdrawal agreements with United Power and NRPPD are superseded by these new agreements.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Tri-State Generation & Transmission Association, Inc. entered into Membership Withdrawal Agreement with United Power, Inc. (effective 2024-04-11).

Action: entry
Counterparty: United Power, Inc.
Effective: 2024-04-11

Exact text from the filing

On April 11, 2024, Tri-State and United Power executed an updated Membership Withdrawal Agreement ("UP Withdrawal Agreement") that was filed with FERC on April 12, 2024 in FERC Docket No. ER24-1145-000.

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Source: SEC EDGAR

accession 0001637880-24-000030

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