Mark Pearson’s recent column (Herald, Apr. 16) paints a feel-good picture of LPEA’s future – but glosses over the serious risks now facing our cooperative.
Yes, LPEA is leaving Tri-State. But at what cost? Members are now on the hook for a $209 million exit payment – already executed, with no clear repayment plan and no vote from members. And despite claims of “local reinvestment,” LPEA has no shovel-ready generation projects to support this vision. Iron Horse Geothermal remains in early study phases. Sunnyside Solar covers barely 1% of meters. And Dolores Canyon Solar? That’s a Tri-State project, not LPEA’s.
LPEA’s much-touted “lower-cost” replacement power is a short-term deal with an unnamed provider – reportedly Mercuria, a Swiss-based commodities trader with no local generation and no long-term contract disclosed. Betting our future on market traders isn’t independence – it’s speculation.
Pearson also suggests Tri-State is forcing 40-year deals. False. Tri-State’s updated options allow more flexibility than ever – including 50% self-supply and shorter contract terms – all governed by a member-elected board.
Let’s be honest: Most rural co-ops haven’t left Tri-State because they value cost stability, not volatile power markets. The “freedom” LPEA is selling is really just more risk, more debt and fewer answers.
LPEA sold Fasttrack communications for millions but refuses to disclose exactly how much and what our money will be used for. LPEA, where are those millions?
We deserve real transparency, local control and reliable energy – not political spin and broken promises. Vote for leadership that will restore member trust and protect our cooperative future.
Dale Ruggles
Bayfield
