The Chelan County PUD has proposed a 2019 budget that does not include an electric rate increase for the seventh year in a row. The proposal also includes paying down another $41 million in debt and expansion of the fiber network.
Craig Kunz, strategic financial planning manager for the PUD said low prices in the wholesale power market are forecast to continue, but show some modest signs of improving.
There also is uncertainty about how much power will be requested for cryptocurrency mining if the PUD adopts new cryptocurrency rates later this year. The draft budget will be reviewed by PUD commissioners November 5.