CEO Column: We’re Looking Out for Your Interests
January 24, 2023
We’re looking out for your interests
Trico is dedicated to making a difference in the communities we serve by providing our Members cost-effective and sustainable energy solutions.
It’s a new year and we want you to know that we are always looking out for your interests. As a non-profit, our focus is on how we can better serve you, our Members. Here’s a look back at what we accomplished in 2022.
Capital Credits: In December, Trico retired $4.25 million in Capital Credits to our Members. We are proud that this is Trico’s 13th straight year retiring Capital Credits. Since 2010, Trico has returned more than $32 million to its Members. Look on your December bill for your Capital Credit Retirement Allocation.
Renewable Energy: Trico continues to make community scale renewables part of its overall resource planning, to meet the energy needs of our Members now and in the future. In 2022, Trico installed our third community-scale solar project and first battery energy storage system. The Chirreon Solar & Battery Storage facility, located near SaddleBrooke, is a 10-megawatt photovoltaic solar generating facility and a 15-megawatt hour/30 MWh battery storage system. We have plans for more solar and battery projects to provide cost-effective and sustainable energy.
Community Giving: In 2022, the Trico Electric Charitable Trust awarded $70,000 in POWER Grants to non-profits providing critical services in southern Arizona. Since 2008, Trico’s POWER Grants program has provided $735,000 in funding to local non-profit organizations in our community. Our employees host food drives and other donation events throughout the year. For the holidays, employees donated cash and several boxes of toys for Toys for Tots.
Dependability: Trico is growing, along with many of the communities we serve. To keep up with this growth and maintain an excellent standard of reliability, Trico is investing almost $70 million over the next four years to continue improving our electric infrastructure. This includes upgrades to two existing substations (Green Valley Substation and Marana Substation) and installing a new substation delivery point (Adonis Substation, which will be north of Tangerine Road and east of I-10 in Marana).
Innovation: Our employees are always looking for new and innovative ways to serve our Members. We now produce a monthly Livewire video. We encourage you to follow us on social media to keep updated on what’s happening at Trico.
Thank you for being a Trico Member. We look forward to serving you in 2023.