Tri-County Electric CEO releases statement about proposed purchase

Hooker- Tri-County Electric CEO Jack Perkins released the following statement on Monday, regarding the cooperative's proposed purchase of service territory from Xcel Energy. “Last month, Tri-County Electric announced it had signed a definitive agreement with Xcel Energy to purchase service territory in several towns in the states of Oklahoma , Kansas and Texas . Although we have signed an agreement the sale is not yet final . Xcel Energy could continue to serve its customers in this region through the third quarter of 2006.

This sale will not be complete until it receives regulatory approval. Tri-County Electric is working with regulators in a variety of jurisdictions to secure approval for this transaction.

Tri-County Electric is committed to keeping the communities its serves informed about the latest news and events affecting both the cooperative and the region. We will continue to provide regular updates about the progress of this transaction as appropriate. We encourage interested citizens to visit our Web site, www.tri-countyelectric.coop, for up-to-date information.”

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