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Bond Refunding

Posted on 30th April 2015 at 09:06

Taking steps to reduce the utility’s debt, the Cowlitz PUD Commission is approving the refinancing of bonds that will save ratepayers about $14 million. The vote to refinance the bonds was taken at Tuesday’s meeting, where the Commission also voted to move another $5 million into the Rate Stabilization Fund, raising the amount in that fund to about $30 million. The final numbers will be settled when the reworked bonds are actually sold.