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Commission Reviews Financial Health of PUD
October 10, 2007
EPHRATA, WA – Commissioners and staff analyzed the financial strength of Grant County PUD during a two day workshop dedicated to reviewing the results of a Cost of Service Analysis (COSA), examining the utility’s budget for 2008 and assessing the PUD’s financial forecast.
Commissioners and staff worked with Economic and Financial Strategies, Inc. (E&FS) of Issaquah, Wash. on the COSA. The study examined costs specific to each of the utility’s nine customer rate classifications and is intended to assist Commissioners with the development of future revenue requirements for the utility.
The workshop also coincides with the Commission’s initial review of the 2008 projected budget. Over the next two months, Commissioners will work with staff to refine the budget as necessary, before it is shared at formal, public budget hearings in November.
The results of each of the topics of the two day workshop will be considered as the Commission studies the impacts that growth will have on the utility.
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Grant County Public Utility District is a Washington state municipal corporation that began electric service in 1942. Owned by the people it serves, Grant PUD generates and sells electricity to Grant County residents and millions of customers throughout Central Washington and the Pacific Northwest. The Priest Rapids Project, comprised of Priest Rapids and Wanapum Dams, produces nearly 2,000 megawatts of clean, renewable and reliable electricity – enough to supply a city the size of Seattle. A leader in science based technology; Grant PUD is committed to finding effective measures for the protection, mitigation and enhancement of salmon, steelhead and other natural and cultural resources.
MEDIA CONTACT:
Rita Bjork
(509) 766-2530 / rbjork@gcpud.org |
