Defects and costly repairs to four of Rocky Reach Dam’s 11 turbine units are expected to increase the Chelan County PUD’s insurance premium by as much as 57 percent next year. The premium for coverages — including property, general liability, mechanical breakdown and business interruption — cost $1.9 million for mid-2013 to mid-2014, PUD insurance-and-claims manager, Ron Gibbs, told commissioners Monday. The combined premium for similar coverage could increase to as much as $3 million annually next year, Gibbs said, although he said he expected it be slightly less. (Full article at: wwrld.us/rockyinsurance)
Posted on: Thu, 19 Jun 2014 02:15:00 +0000
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