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Grant PUD Reviewing Future Financial Requirements
February 25, 2008
EPHRATA, WA – In February and March study sessions, Grant County PUD Commissioners and staff are analyzing the utility’s forecasted revenue requirements for the next five years. These sessions will help the commission determine the impact those requirements may have on the utility’s customer rates in the coming years.
Grant PUD is proactively planning for expected increases in its operations costs and how those expenditures will be allocated across the customer rates classes. Factors that are driving the increases include costs associated with the implementation of a new license for the Priest Rapids Project expected to be over $800 million over the term of the new license period (anticipated to be 50 years), costs in excess of $500 million to replace all turbines and generators at Wanapum and Priest Rapids dams and increases in the cost of power delivered to customers.
The next rate workshop is scheduled for Wednesday, March 5. Commissioners and staff will discuss irrigation and commercial customer rate classifications.
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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 |
