Juneau Energy Emergency Update

June Electric Rates Will Be Lower Than Expected

Today AEL&P announced that the second month of emergency cost of power adjustment (COPA) has been filed with the Regulatory Commission of Alaska (RCA). The new total rate for June 16 through July 15 will be 11.4 cents per kilowatt hour. This will be the final emergency COPA associated with the Snettisham shut down.

The current rate of 52.5 cents per kilowatt hour will continue until June 15. If you have not gotten your bill reflecting the current high rate, you will still receive a bill at that rate and the following bill will be at the lower rate.  

AIDEA/AEL&P Contracts Will Be Reviewed By Legislative Budget & Audit

On June 3 the Legislative Budget & Audit Committee approved a request by the Juneau legislative delegation to look into the Alaska Industrial Development and Export Authority’s (AIDEA’s) oversight of the operations and maintenance and power sales agreements with AEL&P. The legislative auditor will perform a preliminary investigation, after which the committee will revisit the issue and determine if a formal audit is required.

The auditor will be looking into whether AIDEA has met its obligations to the holders of the Snettisham bonds. The auditor will also investigate whether AIDEA has met statutory and regulatory obligations in ownership and management of the Snettisham assets.

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