Clark Public Utilities

Clark Public Utilities is a customer-owned utility providing electric and water service in Clark County, Washington. Established in 1938, the utility operates independently in three areas – Electric Distribution serving around 211,000 customers, Electric Generation with a 250MW power plant, and Water serving approximately 37,000 customers. Notably, the utility has excelled in cost-cutting, with notable statistics such as a 1/566 customer to employee ratio and an annual operating cost per customer of $326, which is significantly lower than the statewide average of $587. One of Clark Public Utilities' most impressive achievements is winning the JD Power Award for "Highest in Customer Satisfaction among midsize Utilities in the West" for twelve years in a row from 2008-2019. This demonstrates a strong commitment to excellent customer care and service provision. As a municipal corporation governed by a three-member elected board of commissioners, the utility has established its position as a reliable and affordable power and water provider with a focus on operational efficiency. The absence of information regarding recent investments and investors may indicate a reliance on internal funding or a lack of external capital. Despite a lack of public information on recent investment activities, Clark Public Utilities' strong track record, commitment to efficiency, and consistent customer satisfaction make it an attractive prospect for potential venture capital consideration within the utilities and energy sectors.