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SEAPA to reimburse local communities by June 30

 

On Monday, the Southeast Alaska Power Agency board of directors postponed a reimbursement plan that would repay Petersburg and Wrangell for their additional power costs over the past few months, but agreed to distribute the funds by June 30.

According to Bob Lynn, Petersburg’s representative on the SEAPA board, there was a motion to approve the reimbursement at Monday’s meeting, but the board was uncertain about how to report the reduction in SEAPA’s revenue for tax purposes. Lynn said SEAPA wanted to ensure that the situation was handled correctly for its auditors. Although it wasn...



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