Petersburg assembly approves SEAPA takeover
The Petersburg Borough Assembly approved a resolution Friday informing the Wrangell assembly of its acceptance of Southeast Alaska Power Agency’s offer to take over Tyee Hydroelectric Project operation costs. The resolution urges the Wrangell assembly to also accept the offer.
SEAPA CEO Trey Acteson presented the offer that would also absorb existing Thomas Bay Power Authority employees along with their Public Employee Retirement System unfunded liabilities in excess of $750,000 should SEAPA terminate the current Tyee contract.
The Petersburg assembly’s approved resolution states that...