1151 Valley Mall Parkway, East Wenatchee, WA 98802

509-884-7191 / 1-800-503-7990

Meaghan Vibbert
Public Information Officer
(509) 881-2221
News Release - 7/14/2005

Douglas PUD Commission Meeting Report

Special Meeting

Douglas PUD Commissioners approve sale of revenue bonds

Douglas County PUD Commissioners Mike Doneen, Jim Davis and Lynn Heminger held a special meeting, July 14, 2005 at 1:00 p.m. in the East Wenatchee Headquarters building.

At this meeting the Commissioners approved the resolution which allowed the issuance $87,585,000 worth of revenue and refunding bonds. The sale of the refunding bonds will provide present value savings of 353,073 for the Wells Hydroelectric Project.

Commissioners also signed the bond purchase contract for the Wells Hydroelectric Project revenue and refunding bonds, series 2005 A, 2005 B and 2005 C.

Orders for the entire issue of revenue bonds were received on Wednesday, July 13, 2005.

The Commissioners also awarded National Electric Coil of Columbus, OH the contract to rebuild Generator Unit No. 1 for the Wells Hydroelectric Project. National Electric Coil, with a bid price of $4,919,109, was the lowest responsive bidder.