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On Track to End Year $6Million Ahead of Forecast 5/12/2011
Financial results for the first quarter of 2011 show the Chelan County PUD is on track to end the year about $6 million more in the black than originally forecast. Expenses remain below budget and above-normal runoff will likely mean more surplus power to sell, even though the price is lower than expected.

According to Chief Finance and Risk Officer Kelly Boyd, if the trend continues, the District would finish the year with a positive change in the bottom line – the change in net assets – of about $9 million.

Ann Congdon says the improving financial picture should allow the Commissioners to roll back the 9% surcharge.

Year-to-date, net surplus energy revenue is $1.7 million ahead of budget and is tracking to end the year $5.2 million better than the budget.