PUD has cash

NEWPORT – The PUD has more than $100 million in cash that is earning far more interest than it did just two years ago.

In 2022, Pend Oreille PUD received $837,464 in interest. In 2023, the PUD received $3.59 million and is projected to receive $3.65 million for 2024.

Since the PUD has cash and minimal debt, it benefits from rising interest rates. The numbers were reported during the PUD’s regular meeting Tuesday, Sept. 3.