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…

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‘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…

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Grant 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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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…

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Chelan 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…

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Chelan 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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