This page includes two prior calendar years of annual financial reports and up to one year of quarterly financial information for the Snohomish Public Utility District. As information becomes available this page will be updated. 

Reports available include: annual reports, additional annual operating data, quarterly reports, and material or voluntary event disclosures as necessary for continuing disclosure purposes.

The information included below is provided for general information purposes only. It does not include every item which may be of interest, nor does it purport to present full and fair disclosures with respect to any of the PUD's bond programs within the meaning of applicable securities laws. For a full listing of such disclosures please visit www.emma.msrb.org.

Additional required operating information is presented by system in order of most recent calendar year.

Electric and Generation System

2016 Annual Financial Information and Operating Data

2015 Annual Financial Information and Operating Data

Water System

2016 Annual Financial Information and Operating Data

2015 Annual Financial Information and Operating Data

Material and Voluntary Event filings are presented by system in order of most recent event occurrence.

Electric System

October 28, 2015 - Electric System, Series 2005 Bonds - Notice of Full Optional Redemption

September 2, 2015 - Electric System, Series 2005 Bonds - Form of Notice of Defeasance

August 13, 2015 - Electric System, Series 2015 Bonds - Official Statement Errata

August 12, 2015 - Electric System, Series 2005 Bonds - Insurer Rating

June 11, 2015 - Notice of Potential Defeasance and Redemption

June 1, 2014 - Electric System, Series 2004 - Bond Call.

March 18, 2014 - S&P upgrade of Assured Guaranty Municipal (AGM), insurer of the PUD's Electric System, Series 2004 and 2005 Bonds.

Generation System

January 1, 2018 - Generation System, Series 1989 - Bond Call of the related 1/1/2020 maturity, CUSIP 833102MD5, $3,000,000

January 1, 2017 - Generation System, Series 1989 - Bond Call of the related 1/1/2020 maturity, CUSIP 833102MD5, $2,750,000

January 1, 2015 - Generation System, Series 1989 - Bond Call of the related 1/1/2016 maturity, CUSIP 833102ME3, $2,250,000

January 1, 2014 - Generation System, Series 1989 - Bond Call of the related 1/1/2016 maturity, CUSIP 833102ME3, $2,000,000

Water System

January 17, 2018 - Water System, Series 2006 - Moody's Downgrade of Insurer Rating on National Public Finance Guarantee

December 5, 2017 - Water System, Series 2006 - KBRA Downgrades and then Withdraws Insurer Rating on National Public Finance Guaranty

December 1, 2017 - Water System, Series 2006 - S&P Affirms and then Withdraws Insurer Rating on National Public Finance Guaranty

December 1, 2017 - Water System, Series 2006 - Bond Call of the related 12/1/2017 maturity, CUSIP 833105DP1, $255,000

June 26, 2017 - Water System, Series 2006 - S&P Downgrade of Insurer Rating on National Public Finance Guaranty

December 1, 2016 - Water System, Series 2006 - Bond Call of the related 12/1/2016 maturity, CUSIP 833105DP1, $245,000

August 12, 2015 - Water System, Series 2006 - Bonds Insurer Rating

March 18, 2014 - S&P Upgrade of MBIA Insurance Company, Insurer of the PUD's Water System, Series 2006 Bonds.

Disclaimer:

The documents in our website are limited in scope. The documents do not constitute an offer to sell or a solicitation of an offer to buy the PUD’s bonds. Each document listed in the Finance & Investor Relations section is dated and speaks only as of that date. The PUD does not undertake to update, and expressly disclaims any duty to update, any document.

If and when included in these documents, the words “plan,” “expect,” “forecast,” “estimate,” “budget,” “project,” “intends,” “anticipates” and similar words are intended to identify forward-looking statements, and any such statements inherently are subject to a variety of risks and uncertainties that could cause actual results to differ materially from those projected. Such risks and uncertainties include, among others, general economic and business conditions, changes in political, social and economic conditions, regulatory initiatives and compliance with governmental regulations, litigation and various other events, conditions and circumstances, many of which are beyond the control of the PUD. Any forward-looking statements speak only as of the date they were prepared.

By clicking on the links above, you acknowledge that the documents are limited in scope; are not an offer to sell; are each dated as of a certain date and speaks only as of that date; and have not been updated since that date; and that as a result, the documents may not contain all information material to investors and may contain material misstatements or omissions because of the passage of time or the occurrence of subsequent events.