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Chelan PUD could cut debt in half by 2019

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WENATCHEE — If Mother Nature smiles on hydropower and market and expense forecasts play out as planned, the Chelan County PUD will cut its debt in half by 2019 without raising rates.

Commissioners had their second discussion of a new set of financial targets Monday. They’re scheduled to vote on them May 19.

Market conditions are currently yielding only 1 percent on investments, while debt is costing roughly 4.5 percent in interest, making conditions prime for continued debt reductions, Debbie…

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