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PUD to reduce debt in good market

EPHRATA — Three of the world’s top bond-rating agencies have affirmed strong credit ratings for Grant PUD, as the utility readies to pay down debt for long-term savings that will help keep electric rates low, the utility said Tuesday.

The PUD’s $1.3 billion in debt was a point of contention in the 2018 commissioner election when one incumbent lost insisting it was reasonable level for the utility...

 

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