Your PUD
News Release
Meeting on electric rate surcharge set for April 13
Chelan County PUD
News Release
3/16/2009
Following Monday night's presentation to the community by General Manager Rich Riazzi on the PUD’s financial outlook, commissioners set a meeting for 5:30 p.m. on April 13 at the Confluence Technology Center in Wenatchee to discuss the possibility of a surcharge on electric rates.
PUD forecasts for 2009 wholesale power revenues have dropped from $51.4 million last fall to $29.7 million. Even after a series of cost-saving steps, the PUD is facing a utility services negative change in net assets (bottom line loss) of about $20 million for 2009.
Monday night’s meeting was the second community update provided by Riazzi on District finances in light of below-average runoff forecasts, lower-than-expected revenues from surplus power sales and declining investment revenue. An electric rate surcharge has been mentioned as a last resort if additional revenue is necessary.
Kimberlee Craig
Public Information Officer
Chelan County PUD
(509) 661-4320 office
(509) 679-6858 mobile