Tri-State Generation and Transmission Association, Inc.

Industries Utilities
Subsidiaries https://www.sec.gov/Archives/edgar/data/1637880/000155837020002516/tris-20191231ex211a0d755.htm, Elk Ridge Mining and Reclamation, LLC, Axial Basin Coal Company, Taylor Creek Holding Company, Colowyo Coal Company L.P., Springerville Unit 3 Partnership LP

Rating Overview

Risk Rating: Lower

Tri-State Generation and Transmission Association, Inc. is Lower Risk.

Tri-State Generation and Transmission Association is Lower Risk. The company does not yield to political activism in shaping corporate governance, preventing initiatives that potentially alienate consumers, divide employees, and harm shareholders. The company elevates merit, excellence, and integrity ahead of race and identity-based policies. The company does not embrace corporate initiatives that redirect its central focus from business goals to partisan policies and divisive issues. This approach protects free exercise, free speech, and free enterprise.

Rating Criteria

Corporate Weaponization Risk Levels
Criteria Risk Level
Cancellations Lower Risk
Discriminatory Philanthropy Lower Risk
Employment Protection Medium Risk

Corporate Weaponization

Corporate Governance and Public Policy Risk Levels
Criteria Risk Level
Advocacy Bias Medium Risk
Funding Lower Risk
Political Actions No Data

Corporate Governance and Public Policy

Rating Criteria Detail

Criteria Risk Level Rationale

Corporate Weaponization


Criteria:

Has canceled customers, suppliers, or vendors due to their political views or religious beliefs OR corporately boycotts, divests, or sanctions regions, people groups, or industries.

Risk Level:

Lower

Rationale:

Tri-State Generation and Transmission Association has not publicly canceled customers, suppliers, or vendors based on political views or religious beliefs (1).

Criteria:

Charitable giving (including employee matching programs) policies or practices discriminate against charitable organizations based on views or religious beliefs.

Risk Level:

Lower

Rationale:

Tri-State Generation and Transmission Association does not appear to discriminate against charitable organizations based on views or beliefs. Its charitable giving focus area is economic development (1).

Criteria:

Employment policies fail to protect against viewpoint or other discrimination and/or are ideological in nature.

Risk Level:

Medium

Rationale:

Tri-State Generation and Transmission Association does not provide viewpoint protections for its employees (1).

Corporate Governance and Public Policy


Criteria:

Uses corporate reputation to support causes, organizations, or policies hostile to freedom of expression.

Risk Level:

Medium

Rationale:

Tri-State Generation and Transmission supports the development of zero-carbon technology. The company is a member of the Low Carbon Resource Initiative (LCRI) which is an organization devoted to “a net-zero future possible” (1)(2). The company supports DEI within its business practices. From its 2023 ESG Report: “As Tri-State moves towards a sustainable future, we are also working toward
a diverse, equal, and inclusive culture for our current and future employees” (3). Otherwise, there are no publicly known cases of Tri-State Generation and Transmission using its reputation to advance ideological causes or policies (4).

Criteria:

Uses corporate funds to advance ideological causes, organizations, or policies hostile to freedom of expression.

Risk Level:

Lower

Rationale:

Tri-State Generation and Transmission has not used corporate funds to advance ideological causes, organizations, or policies (1).

Criteria:

Uses corporate political actions and/or financial contributions for ideological, non-business purposes.

Risk Level:

N/A

Rationale:

Tri-State Generation and Transmission does not operate a PAC or report on its lobbying at this time (1)(2)(3).