Goldman Sachs Deal Could Save Grant PUD Millions on Electricity Purchases

Grant PUD is considering an unusual financing arrangement with Goldman Sachs that could save approximately $43 million on electricity purchases during the first 10 years of the deal. The proposal involves electricity that Grant PUD has contracted to purchase from the Royal Slope solar project near Wanapum Dam.

The estimated savings are based on a detailed analysis by Grant PUD staff, who presented the plan to commissioners during a workshop. According to officials, the deal with Goldman Sachs would help reduce costs associated with purchasing electricity from the massive solar project.