SHORT-TERM BORROWINGS |
9 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Sep. 30, 2026 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Short-Term Debt [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| SHORT-TERM BORROWINGS | SHORT-TERM BORROWINGS Tri-State has a commercial paper program under which it issues unsecured commercial paper. As of September 30, 2026, the commercial paper aggregate amounts outstanding shall not exceed the lesser of $600 million or the amount available under the 2026 Credit Agreement. The commercial paper issuances are used to provide an additional financing source for short-term liquidity needs. The maturities of the commercial paper issuances vary but may not exceed 397 days from the date of issue. The commercial paper notes are classified as current and are included in current liabilities as short-term borrowings on the consolidated statements of financial position. Short-term borrowings consisted of the following (dollars in thousands):
As of September 30, 2026, $418 million of the $600 million commercial paper program limit set by Tri-State's current commercial paper program remained available.
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