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Public meeting set Jan. 9 on proposed power sales contract

Chelan County PUD
News Release
12/12/2005

News from the regular meeting of the Chelan County Public Utility District Board of Commissioners held on Monday, Dec. 12, 2005.

Public meeting set Jan 9. on proposed power sales contract

Commissioners will hold a public meeting at 7 p.m. on Jan. 9 at the Wenatchee Center to discuss the proposed Puget Sound Energy power sales contract.

PUD General Counsel Carol Wardell and the negotiating team will outline the new 20-year contract and answer questions from the public.

The agreement, which would allocate to PSE 25 percent of the power output from Rocky Reach and Rock Island dams in exchange for paying 25 percent of the costs, would maintain local control for Chelan County PUD and provide long-term financial stability.

The contract would allow the PUD to pay down debt, pay for some future capital improvements at the dams without borrowing, and PSE would provide an $89 million payment as soon as contract is approved.

To learn more about the agreement in principle, click here.

PUD commissioners also set Jan. 30, 2006, as the date for taking action on the proposed new contract. That would require PUD staff to present the resolution seeking approval at the Jan. 16 commission meeting. It would then be held for two weeks before final action. 

In other business, commissioners:

***

            The next regular meeting of the PUD Board of Commissioners is at 10 a.m. on Monday, Dec. 19, in the PUD boardroom at 327 N. Wenatchee Ave.

            Most PUD commission meetings are recorded, and a link to the audio is available on the PUD’s home page at www.chelanpud.org.

 
Chelan County PUD
Kimberlee Craig
Public Information Officer
661-4320, direct line
679-6858, cell
kimc@chelanpud.org