Nicely engraved bond certificate from the Public Utility District No. 1 of Chelan County dating back to the 1950's. This document, which carries the printed signatures of the company President and Secretary, was printed by the Security Bank Note Company and measures approximately 9 1/4" (w) by 13 1/2" (h).
The certificate's detailed vignette features the Rocky Reach Hydro-Electric Dam.
You will receive the exact certificate pictured.
Established in 1936, the PUD began providing electric service in 1947. Today the PUD operates electric, water, and wastewater utilities. The electric portion of the utility includes electric generating stations and distribution facilities. Under its charter, the District is authorized to purchase electric energy; sell electric energy at wholesale and retail prices; acquire, construct and operate electric generating plants and transmission and distribution facilities; and issue revenue bonds for financing the acquisition and construction of electric properties, or for other corporate purposes.
Generating stations include three hydroelectric dams, as well as a limited amount of solar power. The District maintains diesel generators for use in emergencies. Distribution facilities include transmission lines, switchyards and ancillary equipment.
Chelan County PUD owns and operates the nation's second largest nonfederal, publicly owned hydroelectric generating system. Two of the District's hydropower stations, Rocky Reach Dam and Rock Island Dam, are part of an 11-dam system on the U.S. portion of the Columbia River, which is fed by the fourth largest drainage system in North America. Even during the driest years on record (1928 through 1932), the Columbia River's runoff was still 71 percent of normal. The District's third hydro project, Lake Chelan and Chelan River, serves a dual purpose of generating power and regulating the level of 50 mi long Lake Chelan, the third deepest body of fresh water in North America.
The District's three hydroelectric generating projects have a combined total generating capacity of over 2,000 megawatts of hydropower, advantageous because of its low-cost, nonpolluting, and renewable nature. The three produce about 9 million megawatt-hours of power each year, enough to meet the needs of a city of more than 900,000.
37 percent of the total generating capacity is needed to meet the needs of its Chelan County customers, including a portion of Alcoa's power-intensive Wenatchee aluminum smelter. The remaining 63 percent of the total generating capacity is mainly sold to four principal power purchasers: Puget Sound Energy, Avista Corporation, PacifiCorp, and Portland General Electric Company transmitted throughout the Pacific Northwest over a 16,000 sq mi grid of high-voltage transmission lines. Chelan County residents and more than 7 million electric customers in the Pacific Northwest benefit from the low-cost electricity produced by the District. District residents, however, reaped the greatest rewards: The average residential electric rate in Chelan County is about 3 cents per kilowatt hour. By comparison, the national average residential rate is 8 cents per kilowatt hour, 267% more.