Finance | Bond Issues
Cascade issued 25-year level term bonds at an effective interest rate of 3.31% in 2012.
The proceeds of this obligation have been and are being used in 2012 and 2013 to acquire independent supply production capacity (by purchasing RCFC credits from Cascade members),
to restructure the Tacoma Agreement, to extend the Seattle Agreement, and to fund Lake
Tapps capital improvements. Cascade also issued bonds in 2006 and 2009.