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Chelan PUD pays off $72 million more debt

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WENATCHEE — The Chelan County PUD paid off $72 million in debt July 1 to bring its total debt reduction to $305 million since 2010.

The latest effort combines with $8 million the utility paid in January and March to buy back the remaining 5-year bonds issued in 2008 and 2009 to get through a financial crisis brought on by the recession and drought.

More debt reduction is planned through 2018.

The latest paydown reduces total PUD debt to $735…

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