The ratings on Chelan County Public Utility District No. 1, Wash.'s bonds reflect: Very low production costs at the district's three hydroelectric projects, averaging 10.7 mills per kWh in 2000; The distribution system's strong revenues resulting from the sale of excess power at prevailing market rates, reflected in projected 10 times (x) debt service coverage from operations in 2000; Residential retail rates of 30 mills per kWh in 2000, which remain among the lowest in the country; Management's proactive action to reduce the district's already limited exposure to market purchases through the acquisition of 21 diesel peaking units; and Continued strong historical debt service coverage on all outstanding obligations. The bonds are secured by revenues of the consolidated system, which...
Companies mentioned in this report are:
- Chelan Cnty Pub Util Dist #1
Action: New Rating
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