COMMISSIONERS CONSIDER UPDATING TARGETS TO KEEP PUD FINANCES ON SUSTAINABLE PATH.
Now that Chelan County PUD has achieved the financial targets set during strategic planning in 2010, commissioners are looking ahead to future measurements to make sure District finances remain sound through 2019 and beyond.
Chief Financial/Risk Officer Kelly Boyd, Treasurer Debbie Litchfield and Mark O’Bryan, strategic financial planning director, talked with PUD commissioners Tuesday about revised targets for the key financial measurements of liquidity, rate of return, debt ratio and debt coverage.
The District accelerated debt reduction in 2013 by paying off $27 million more than the $41 million that was budgeted. Plans are to reduce long-term debt by about $80 million this year.
Chelan PUD Commissioner Norm Gutzwiler announced at tuesdays board meeting that he will not seek re-election for a third, six-year term on the PUD board. Gutzwiler joined the board in 2003 and was re-elected to represent District 1 in 2008. He will complete his current term by serving through the end of the year.
STOLEN CAR TURNS UP IN OWNER'S SPOT IN BREMERTON
A man whose car was stolen was amazed to find it 12 days later parked in his regular spot at the Bremerton restaurant where he works, three miles from where it vanished.
David Nicholson says it was a "one-in-a-million" chance that the thief parked in his spot.
The Kitsap Sun reports that the Port Orchard man had climbed into his Honda Prelude before he remembered the car had been stolen last month and called 911.
Kitsap County sheriff's spokesman Scott Wilson deputies arrested a man suspected of taking the car.
Nicholson says the car had its ignition punched and other damage but he's got it back.
RUBTURE CAUSED E. WASHINGTON NATURAL GAS EXPLOSION
A Northwest Pipeline official says a pressure vessel rupture caused the March 31 natural gas explosion that injured five people and forced an evacuation at Plymouth in Eastern Washington.
Northwest Pipeline Vice President Ed Brewer told a community meeting Tuesday night in Plymouth the company is still investigating what caused the rupture.
KEPR reports people at the meeting questioned the evacuation procedure and one man suggested installing a siren in town for a warning.
The explosion threw a piece of shrapnel that left a big gash in the side of a liquefied natural gas storage tank at the Williams Northwest Pipeline storage facility, which is across the Columbia River from Umatilla, Ore.
The facility supplies gas during times of high demand to customers in Washington and Oregon.
IN OTHER BUSINESS ON TUESDAY
Commissioners received an update from General Manager Steve Wright on the Salmon Passage Forum hosted with Grant County PUD on Monday. Representatives from 15 state, federal and Canadian agencies and tribes came to see the work being done to make sure there is safe passage for the record number of adults expected to migrate up the Columbia River this spring despite the impacts on river levels from the spillway fracture at Wanapum Dam. Attendees toured Grant PUD’s Priest Rapids and Wanapum dams and heard their plans to trap spring Chinook at Priest Rapids and truck them upriver while modifications are made to the fish ladders at Wanapum Dam. They also toured Chelan PUD’s Rock Island Dam to see the work being done to extend three fish ladder entrances to make them accessible during varying water levels and flows. A roundtable discussion to share information and concerns followed the tours. Wright said the forum was valuable in “building relationships with people we will be working with extensively over the next few months.” There is a need for great communication, he added, which will be aided by the relationships forged Monday. “In that regard, the day was really a great success,” Wright said.