Platte River CFO Robert P. Abiecunas retires

FORT COLLINS, Colo. -- Robert P. Abiecunas is retiring as Chief Financial Officer of Platte River Power Authority at the end of May 2006.

Abiecunas leaves Platte River in a strong financial position with double-A ratings from all three bond-rating agencies--Standard and Poor's Corp., Moody's Investors Service and Fitch. During the past couple of years, Abiecunas oversaw the development and adoption of formal programs to manage exposure to risks associated with fluctuations in market prices for purchased power and natural gas.

"Much of Platte River's excellent financial results can be credited to Bob," said Brian Moeck Platte River's general manager. "He has orchestrated a fine strategic financial plan and has done a great job managing debt and reserves."

Abiecunas, a certified public accountant, graduated from California State University Northridge and came to Platte River in 1981.

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