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CEO Column: The new year ahead and 80 years of Trico service

January 1, 2025

The New Year is a time for resolutions, thinking about what we can do better, and considering what comes next. At Trico one of our core values is innovation, and that means constant improvement to better serve our Members. Since 1945, Trico has been striving to provide Members with great value and excellent service.  As Trico approaches our 80th anniversary, our commitment to our community is as strong as ever.

Across the country, demand for reliable electricity is growing.That is partly the result of economic development, data centers, advances in artificial intelligence, and new manufacturing facilities. The increased electrification of our daily lives (for example smart devices, heat pumps, water heaters, etc.) also adds to the need for more and more electricity. The demand for electricity in the U.S. is expected to at least double by 2050.

As we prepare for this rising demand, Trico has been planning ahead to ensure Members have access to a cost-effective, sustainable, and reliable supply of electricity. I want to share some of the ways we are working to meet the challenge.  

Planning for the future

At Trico we always keep an eye on the long-term future. Facilities require years of planning and development, the needs of the community change and grow, technology offers opportunities, and there are always ways to improve. Trico has a robust planning process that includes electric load forecasting, financial forecasting, construction project planning, generation resource planning, strategic planning, planning for staffing needs, technology planning, and constant learning about trends in the industry. Our Board of Directors and employees put a lot of effort into planning ahead to better serve our Members.      

Investing in infrastructure and technology

As electricity demand in the U.S. continues to rise, upgrading and building new infrastructure will be critical. That’s why Tricois investing in diverse generation resources (solar, battery, and natural gas), and developing programs to encourage off-peak usage, energy efficiency, and Member-owned resources. We are also investing in system upgrades and enhanced security, and that means more than just poles and electric wire. Trico is designing and building an advanced fiber communication network to support real-time communication between its substations, line devices, and system operations center, with the goal of developing a resilient, reliable grid.  

Engaging with our Members

Trico has always aimed to build a bright future for its Membersby engaging with the communities we serve. That means asking our Members what they want (surveys), meeting them in their towns and neighborhoods (annual and district meetings), volunteering time to community causes (food banks and highway cleanups), and developing solutions to serve their unique energy needs. We have introduced programs related to renewable energy, electric vehicles, and pay-as-you-go. We are working on additional programs to help Members manage their usage, save money, and contribute to a stronger grid. We look forward to sharing more details soon.

Almost 80 years ago, Trico was established to provide essential services. As we have grown, developed, and innovated over the years, we have never lost sight of that important duty. We look forward to 2025, committed to providing energy solutions to you, our valued Members.