Trico is committed to helping you, our Members, and the communities we serve as we face the health and economic challenges presented by the COVID-19 pandemic. Click Here to learn more about our assistance program.
While we were looking forward to seeing our Members in person for the 2021 Trico Electric Cooperative Annual Meeting, for the safety of our Members and employees the event will be held virtually on April 24, 2021.
Information on how to join the meeting will be available here at a later date.
Three seats on the board of directors are up for election in 2021. Online voting will start soon and will be available on our website through April 21, 2021. Just log into your SmartHub account and select the “Vote Now” button from the top, right‑hand corner. If you don’t have a SmartHub account, you can still vote via our website or request a paper ballot by calling us at 744-2944.
In order to be counted, your votes must be received by April 21, 2021 at 5 p.m. All Members who vote will be entered into a raﬀle for prizes and the winners will be announced after the April 24th meeting. The prizes will include iPads, gift cards and bill credits. Election results will be announced during the meeting.
We encourage you to attend the virtual meeting on April 24. There will be a separate raffle, with additional prizes, for all Members who attend the meeting.
Nina Gurrieri, a Trico Foundation scholarship recipient, was only 11 months old when the September 11, 2001 terrorist attacks happened, but the events of that day had a profound impact on her life.
Her father, Joseph, was a first responder at Ground Zero in New York City on 9/11. Joseph was diagnosed with many health conditions due to his service on 9/11 including lung disease and 90 percent blockage in his heart and arteries. He needed a stent to open his veins for better blood flow to his heart. Nina’s mother, Mary, is a stay-at-home caregiver for Joseph.
As a result of her father’s experience, Nina has always been interested in respiratory therapy and wants to pursue an associate degree in Respiratory Care at Pima Community College. Her dream will have to wait a little longer. The COVID-19 pandemic has increased interest in respiratory therapy and there is a long waiting list to get into the Respiratory Care program at Pima. She has been accepted into the program for Fall of 2022. In the meantime, she is taking classes online at Northern Arizona University toward a bachelor’s degree in respiratory care.
“I have always wanted to attend college, but I didn’t think it was possible until now,” Nina said. “I would like to thank (Trico) very much for this scholarship. I appreciate it so much.”
Nina graduated from Ironwood Ridge High School in 2019 with a 4.0 GPA. She likes to collect rare books and loves to read. She volunteered at her church and served food at a local soup kitchen. Nina said volunteering at the soup kitchen was a rewarding experience for her because she likes to help people. Nina is looking forward to a career in the medical field.
MEMBERS CAN NOW APPLY FOR A TRICO SCHOLARSHIP
Each year, the Trico Foundation awards scholarships to Trico Members and their families to attend a university, community or vocational college.
Interest in renewable energy sources is at an all-time high, and Trico is ready to help our Members understand the factors to think about when considering solar.
Over the last few months Trico has seen a record number of applications to install residential solar systems. We are committed to helping and supporting our Members throughout this process. It is important for Members considering solar to fully understand the costs, the operational requirements and what they can expect in actual energy cost savings. To help determine whether rooftop solar is right for you, here are some questions to ask and issues to consider.
Before signing any agreement, you should take the time to read the fine print thoroughly, request responses back in writing and ask questions.
Some questions you may want to ask:
How much will this system cost over the life of the lease or purchase? Are there any interest or fees to be paid? What are total number of payments and due dates?
Who has the tax obligations, including the increase in property values?
Are there any eligible tax incentives and rebates? Who will be getting them?
Can the warranty or maintenance obligations be sold or transferred? If so, how?
Who do I contact in the event of a system malfunction?
What happens if I sell my home? What happens to the lease?
What statistics are you using for the projection of future electric rates?
What is the minimum performance guarantee for the system?
Will I be compensated if the system does not produce as much power as promised?
What are my fixed monthly fees to the utility?
Before agreeing to install a PV system at your home, you should review all the requirements of Arizona Revised Statutes Sections 44-1761 through 44-1764. Trico requires all solar Interconnection Applications to be complaint with those requirements.
If you are considering investing in solar panels, make sure you know the facts. Visit the Member Installed Solar page of our website or call us at (520) 744-2944 to learn more.
With the holiday season upon us and the New Year just around the corner, it’s a good time to look back at this past year and how Trico was able to make a positive impact in the community during these challenging times.
First, I want to thank our employees for their dedication to our Members. As a result, Trico has operated effectively, continued to perform well financially, and met its obligation to our Members.
Because we are a cooperative, giving back is a part of who we are. We want to help our community thrive. Through our COVID-19 Assistance Program, Trico has awarded more than $600,000 in bill assistance to our Members and grants to charitable organizations that assist local communities.
Those grants included $120,000 to school districts in Trico’s service areas so their students have access to laptops and the internet and their staff have the personal protective equipment they need to stay safe and healthy.
Thanks to your generous contributions to Operation Round Up, we were able to award $70,000 in POWER Grants to local non-profit organizations in our community. Arivaca Helping Hearts is one of those local grant recipients. In a letter to the POWER Grant Selection Committee, Beth Lusby thanked Trico “for all you do for your extended community. Without the support you offer, many of the current non-profit organizations like ours would not exist.”
There is still work to be done and challenges to face, but I am proud of what we have accomplished this year. As we prepare for next year, we look forward to the opportunity to serve you and the greater community. On behalf of the Trico family, we hope your holidays are merry and bright.
2020 has been a challenging year for all of us. That is why the Trico Board of Directors is pleased to announce the retirement of $4.8 million in capital credits, consisting of $4.5 million from Trico and $300,000 from the Arizona Electric Power Cooperative.
This amount includes more than $4 million of year 2019 capital credits. Typically, Trico retires capital credits on a 25-year cycle, but given the economic hardships caused by the COVID-19 pandemic Trico’s Board decided to retire additional recent capital credits to provide assistance to its Members.
“Trico is in a good financial position this year, and we were happy to be able to retire more capital credits than usual while still meeting the requirements of our loans and remaining financially stable,” said Larry Hinchliffe, President of Trico’s Board of Directors.
Over the past 10 years, Trico has returned more than $23 million to its Members.
Look on your December bill for your “capital credit retirement.” Capital Credit retirements for all active accounts will be posted as a credit on your bill.
Inactive accounts will receive a check for a refund over $10. If you move or no longer have service, Trico must have your current address in order to send your capital credit notices and retirements in the future.
What are capital credits?
As a not-for-profit cooperative, our Members share in the ownership, construction, maintenance and prosperity of the Co-op. When you establish service with us, you become eligible for capital credits. Capital credits represent your share of the cooperative’s profits. At the end of each year, Trico calculates its margin, which is the amount its income exceeded its expenses during the year.
How does retirement of capital credits work?
When our Board of Directors determines it is financially feasible and prudent, and when we meet the financial requirements stated in our loan documents, we retire the capital credits, so they can be returned to the Members.
Can I donate my capital credits?
According to Trico’s By-Laws, Members are permitted to voluntarily assign their capital credits to the Trico Foundation, an educational and charitable foundation that supports education programs within the Trico service area. Click here to learn more about capital credits and how to donate to the Trico Foundation.
If you have additional questions about your capital credits, contact us at (520) 744-2944, ext.1510, or by email at firstname.lastname@example.org.
As schools have moved to new learning models due to COVID-19, the need for reliable internet connection has become even more important.
When student families cannot afford a reliable connection or when internet providers don’t serve their homes, they are at a severe disadvantage.
Trico is working to help local schools. The Trico Foundation recently approved $120,000 in grants to school districts in Trico’s service areas including Sahuarita, Marana, Vail, Tucson, Altar Valley and Continental so their students have access to laptops and the internet and their staff have the personal protective equipment they need to stay safe and healthy.
Trico also donated 200 digital thermometers to the Marana Unified School District for families who do not have a thermometer at home. This will allow the parent to assess their child’s daily temperature prior to sending them to school.
If you would like to help local schools, the Better Together Southern Arizona Coalition is seeking to bridge the digital divide for Sahuarita Unified School District and Continental Elementary School District students with the Connect Our Students Project. A $350 donation can provide a student family with a year of internet connection where there is no cable available.
For more information or to make a donation, visit the Greater Green Valley Community Foundation ggvcf.org or Better Together: Connect Our Students on Facebook.