By Dennis Webb

Apr 16, 2020

Wholesale power provider Guzman Energy has agreed to cover the cost of a $62.5 million exit fee that Delta-Montrose Electric Association is being charged by Tri-State Generation and Transmission Association to end its supply contract with Tri-State.

DMEA also has agreed to pay Tri-State $26 million for transmission assets it will use to serve its members, and to forfeit potentially $48 million in what’s called patronage capital that it might have received from Tri-State over 30 years.

DMEA and Denver-based Guzman Energy said in a news release this week that they have entered into a 12.5-year wholesale power supply deal.

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