Grant PUD restructures $77 million in debt ahead of tax changes

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 upgrade...