Application to ACC for approval of RUS Loan
November 28, 2023
Trico Electric Cooperative (Trico) has submitted an Application to the Arizona Corporation Commission (ACC) for approval of a $58,888,000 loan from the USDA’s Rural Utilities Service (RUS). The RUS loan will help to fund the construction of facilities that will ensure power provided by Trico remains reliable and affordable.
Trico is dedicated to providing its Members with cost-effective and sustainable energy solutions. One way we do that is by planning years in advance for upgrades to our system. Every four years, Trico develops a Construction Work Plan that includes projects to strengthen Trico’s grid. This includes building new lines, improving existing lines, adding and upgrading substations, ensuring reliability for existing Members and supporting growth in the communities we serve. This RUS loan will fund the completion of Trico’s 2022-2025 Construction Work Plan (CWP), which includes projects to support every district of our service territory.
Trico selected a RUS loan because of the affordable interest rates and the decades of experience RUS has in serving non-profit cooperatives. We are dedicated to making a difference in the communities we serve, and this loan will help us to fulfill our mission of providing cost-effective and sustainable energy solutions to all our Members.