Your PUD News Release
Commissioners approve 5-year-term for notes
Chelan County PUD
News Release
11/17/2008
PUD commissioners:
- Ratified and confirmed the terms for the more than $55 million worth of consolidated system notes that were sold Oct. 28 to provide funds that will pay for distribution system improvements over the next three years. Commissioners had approved a 2-year-term for the notes, but as financial markets improved, the PUD was able to get nearly a 5-year term, with notes maturing on July 1, 2013.
- Extended the closing date to Dec. 31, and waived a requirement for a Chelan County issued conditional use permit prior to closing on the purchase of a 9.5-acre parcel of land. The land will be used for a switchyard to support the future Entiat transmission line. The conditional use permit is in process and expected to be issued in early 2009.
- Revised the 2008 capital budget for an overall increase of about $200,000 in District spending.
- Authorized paying $450 in conference registration fees to send commissioner-elect Carnan Bergren to the Washington PUDs Association’s annual meeting in December.
- Thanked Werner Janssen for his four years of service as a PUD commissioner.
- Will hold a special meeting at noon on Nov. 18 with local state legislators in the PUD boardroom to discuss the upcoming legislative session.
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The next regular meeting of the PUD commission is at 11 a.m. on Monday, Nov. 24, in the boardroom at PUD headquarters, 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.
Christy Shearer
Communications Audio-visual Specialist
Chelan County PUD
(509) 661.4258 office
(509) 421.4258 cell
(509) 661.8133 fax
christy.shearer@chelanpud.org