SEAPA board rejects borough assembly's rate decrease request
The Southeast Alaska Power Agency took no action regarding a request made by the Petersburg Borough Assembly to reduce wholesale power rates to member communities in lieu of issuing annual rebates.
SEAPA typically gives member communities rebates, a lump sum fund, once a year. The letter, approved by the assembly last month, requested the current 6.13 cents per kilowatt-hour rate be reduced to 6.8 cents.
“The agency now has enough history to accurately predict its financial performance, so that a modest lowering of the rate would not adversely impact the on-going operations, and would be...