Posts Tagged ‘Electric rates’
Chelan PUD Board Approves New Cryptocurrency Rate, Effective April 1
The Chelan PUD has lifted its moratorium on cryptocurrency businesses, after they arrived at a new rate schedule for emerging industry. Marcus Bellissimo reports Chelan County PUD commissioners Monday approved a new rate for cryptocurrency, blockchain and similar operations. It goes into effect April 1, 2019, the same day the District will accept new cryptocurrency…
Read MoreChelan PUD Says No Residential Electric Rate Increase In 2019 For Seventh Straight Year
The Chelan PUD is working on next year’s budget. And the long-term forecast will need to incorporate an increase in wind and solar power, as Marcus Bellissimo reports.
Read More‘Trying To Make Lemonade,’ Chelan PUD Board Hears Preliminary Cryptocurrency Rates
The Chelan PUD continues studying large-load data miners coming to the county. At Monday’s PUD board meeting, commissioners received an update on transmission and distribution challenges related to requests for power to serve large loads and a recommendation about possible cryptocurrency rates. PUD General Manager Steve Wright said volatility in cryptocurrency markets has lead to…
Read MoreGrant PUD Creates New ‘Evolving Industry’ Rate Class To Address Deluge Of Cryptocurrency Miners
An influx of cryptocurrency firms looking to establish a foothold in North Central Washington has local utilities re-examining their commercial pay rates. Grant County PUD commissioners unanimously agreed last week to create a new customer rate class for cryptocurrency miners. Commissioners said core customers – residential, irrigation and commercial – continue to be first in…
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Chelan PUD Extends Halt On Applications For Cryptocurrency Miners
The Chelan County PUD’s pause on new cryptocurrency businesses looking to locate in the county will remain in place at least through August. PUD staff reviewed steps taken since the board imposed the application moratorium for cryptocurrency mining and similar data operations in March and presented them to the board of commissioners Monday. More than…
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Utilities Cracking Down On Unauthorized Bitcoin Mining In Chelan-Douglas Counties
From moratoriums on new businesses to the dangers of unauthorized mining in the two county region. The future of bitcoin mining is yet to be decided. Marcus Bellissimo reports.
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Chelan PUD Halts Cryptocurrency Applications, Says County Electric Grid At Risk
The Chelan County PUD has stopped taking or processing applications for electric service for cryptocurrency mining. PUD board members unanimously imposed the application moratorium after reviewing impacts on utility operations from existing loads and applications for service. General Manager Steve Wright said impacts from cryptocurrency mining applications are hampering responses to the District’s overall planned…
Read MoreGrant County PUD Refinances $77 Million In Debt, Eyes 2% Rate Increase
A $77 million refi and a two percent rate increase. The Grant County Public Utility District will soon be taking comments from customers on several issues affecting county residents, including at a public meeting in Ephrata tomorrow. Marcus Bellissimo reports.
Read MoreChelan PUD Board Approves 2018 Budget, Includes No Rate Increase, Major Dam Improvements
The Chelan County PUD board of commissioners approved the utility’s 2018 budget yesterday. It includes no electric rate increase – for the sixth year in a row, as well as funding for major work on turbines and other capital improvements at Rock Island and Rocky Reach dams, continuing to pay down debt and funding existing…
Read MoreChelan PUD Announces No Rate Increase In 2018 For Sixth Consecutive Year
Chelan County PUD Board President Randy Smith joins Dan Langager to talk about the early draft of the utility’s 2018 budget, which includes no electric rate increase for the sixth year in a row, paying down debt, rehabbing critical infrastructure at both Rocky Reach and Rock Island Dams, finalizing plans for the new substation in…
Read MoreChelan PUD GM Steve Wright Talks Long-Term Finances, Changing Electricity Markets
Chelan County PUD General Manager Steve Wright joins Dan Langager in the KOHO studio to talk about the utility’s finances – from a debt payment this year of $52 million, bringing their outstanding debt to $537 million – about a 38 percent debt ratio and new contracts with Avangrid Renewables of Portland, Ore. and Avista of Spokane, to a bottom line projection…
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