Chelan PUD outlines 2026 budget with 128 million bottom line

Chelan County PUD proposed a $128 million budget for 2026, a decrease of $29 million from the previous year. CFO David Nelson stated that the budget reflects a return to normal hydropower markets, not cutbacks, and includes a planned 3 percent rate increase to match inflation and growing service demand. Operating costs are projected to rise 9 percent, driven by necessary maintenance and reliability work, with major projects including $11. 9 million for Rock Island Dam repairs and vegetation management. The budget also focuses on grid capacity and fire resiliency, with construction of new substations in Leavenworth and Wenatchee.

Nelson highlighted that the capital budget is approximately $47 million lower than 2025, addressing a historical mismatch between projections and completed projects. Commissioners praised the budget for its realism and transparency in public power funding. Public hearings are set for November 17, with final adoption on December 1.