trending Market Intelligence /marketintelligence/en/news-insights/trending/RwREUK2QIZ9Mgcw3uC16uQ2 content esgSubNav
In This List

Chelan County PUD reduces net debt by another $52M

Blog

Over 150 state-level energy-related measures enacted during Q2'21

Blog

Insight Weekly: Earnings learnings; Duke Energy hits back; PE activity surges

Blog

Q&A: Data That Delivers - Automating the Credit Risk Workflow

Blog

Insight Weekly: Banks' efficiency push; vacuuming carbon; Big Pharma diversity goals


Chelan County PUD reduces net debt by another $52M

The Chelan County Public Utility District No. 1 reduced its net debt by another $52 million this year after making the principal payments on July 1.

The payments put the district's ratio of debt to equity at 38% and will help the PUD in achieving its target of less than 35% by 2019, or a year earlier if plans continue as expected, according to a July 10 release.

The customers and commissioners identified debt reduction as a strategic priority and is forecast to be about $537 million by the end of 2017, a significant reduction from several years ago when it topped $1 billion.