Tri-City Regional Chamber of Commerce
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MEMBER NEWS

Benton PUD Recognized for Strong Financial Performance

5/22/2019

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Picture
Benton PUD’s electric revenue bond rating was upgraded by Fitch Ratings.   The rating agency assigned an ‘AA-’ rating with a stable outlook.  This was an upgrade from Fitch’s previous rating of ‘A+’.  Benton PUD also maintains its Aa3 rating with Moody’s Investor Services, and A+ rating from S&P Global Ratings.  

“Benton PUD now has the highest bond ratings in its history,” said Jon Meyer, Director of Finance & Business Services.  “The higher bond rating enables Benton PUD to issues bonds for a lower interest rate, thereby, lowering our borrowing costs. While we currently have no immediate plans to issue new bonds, the higher rating demonstrates that Benton PUD is better positioned to navigate through volatile or adverse conditions.”

Fitch Ratings attributed the upgrade to Benton PUD’s strong financial profile, low operating and maintenance costs and ample rate flexibility.  

“Strong financial policies have resulted in building a financially sound utility while keeping our average monthly bills lower than average as compared to other utilities in the region,” said Jeff Hall, Benton PUD Commissioner. “Our bond ratings validate our goal of preserving public trust through stewardship of our assets.” 

The Fitch Ratings report on Benton PUD can be viewed at bentonpud.org.
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Copyright © Tri-City Regional Chamber of Commerce. All rights reserved.
7130 W Grandridge Blvd., Suite C, Kennewick, WA 99336 USA
Phone: (509) 736-0510 |  Fax: (509) 783-1733 
info@tricityregionalchamber.com
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Monday - Thursday: 8 am - 5 pm
​Friday: 8 am - 12 pm
​Closed Weekends

Photos used under Creative Commons from The National Guard, Gamma Man, US Department of Education, U.S. Secretary of Defense, Tony Webster, jalexartis, Blue Mountains Library, denisbin, Baker County Tourism
  • Benton Co. Business Resource Initiative
  • MEMBERSHIP
    • Membership Directory
    • Member Login
    • Join the Chamber
    • Membership Features
    • Sponsorship Opportunities
    • Stakeholder, Leader, & Growth Level Members
  • EVENTS
    • Chamber Calendar
    • Annual Events >
      • Annual Meeting & Awards Luncheon
      • Women in Business Conference
      • State of the Cities
      • Tri-Cities Diversity Summit
      • Elected Leaders Reception
      • Tri-Cities Day with the Seahawks
      • Tri-Cities Day at the Capitol
      • Bridging Partnerships Small Business Symposium
    • Monthly Membership Luncheon
    • Business After Hours
    • Meet the Chamber
    • Ribbon Cutting Request
    • Speaking Opportunities
  • PROGRAMS & SERVICES
    • BUSINESS PROGRAMS >
      • Ask the Experts
      • Economic Gardening
      • Office Depot Savings Program
      • Small Business Incentive Program
    • Workforce & Education >
      • Tri-Cities Regional Career Signing Day
      • Washington Workforce Portal
    • myTRI 2030
    • Business Advocacy >
      • Public Policy Guiding Principles
      • Business Advocacy Letters
      • Session Spotlight
      • Vote for Business
      • TRI-CITIES LEGISLATIVE COUNCIL 2023 LEGISLATIVE PLATFORM
    • Ambassador Club
    • LEARN Groups
    • Washington PTAC >
      • Meet the Buyer
      • Procurement Power Hour
  • NEWS
    • Press Releases
    • Blog
    • Member News
    • Annual Report
    • eBlast Advertising
    • Email Updates
  • ABOUT US
    • Contact
    • Our Leadership
    • Our Team
    • Committees
    • Policies
    • Our Partners >
      • TRIDEC
      • Visit Tri-Cities