Grant PUD restructures $77 million in debt ahead of tax changes
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Last updated 12/27/2017 at 10:04am
Grant PUD has refinanced $77 million in outstanding debt to reduce finance costs, help hold a planned 2018 rate-revenue increase to 2 percent, and more equitably align debt burden to the life of the assets it finances, a PUD press release stated Tuesday.
“This transaction increases customer value by spreading the debt burden over the multiple generations who will benefit from the equipment up...
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