May 26, 2010
Over ten thousand internet users are now hooked up to Chelan County PUD’s wholesale fiber-optic network. But concerns continue over the system’s financial health. Steve Hair reports that PUD Commissioners received an update on the system at their Monday meeting. The wholesale network offers access to high-speed Internet, telephone and HD-TV services in about 80 percent of the county from private firms. Networks Operations group business adviser Dave Nelson says current budget constraints has slowed the build-out process.
On the financial side of the ledger the fiber network has been operating at a loss when you factor in the total amount of money invested in the project. The PUD has spent over $105 million dollars overall in the system, which had a net loss of $7 million last year.