Petersburg Pilot -

By Dan Rudy 

Swan Lake bond sale moves ahead


A project to improve storage capacity at Southeast Alaska Power Agency’s (SEAPA) Swan Lake hydropower facility continues along with efforts to finance it with up to $11.36 million in bond sales.

Over the past month, SEAPA’s executive director Trey Acteson and general counsel presented updates on the planned expansion of the facility located northeast of Ketchikan on Revillagigedo Island. Each of SEAPA’s three member utilities—Wrangell, Petersburg and Ketchikan— heard presentations on the expansion and the associated bonds.

The project will raise the dam at Swan Lake and increase i...

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