SEAPA saves significantly on submarine cable
October 7, 2021
Utility Director Karl Hagerman gave a report on the Southeast Alaska Power Agency's recent board meeting to the Borough Assembly Monday.
Hagerman stood in for Assembly Member Bob Lynn, Petersburg's voting member of the SEAPA Board, during the SEAPA meeting as Lynn was on vacation.
Hagerman reported that the submarine cable project was complete and successful. SEAPA saved $2.2 million in contract costs by negotiating an assumption of risk related to weather delays for a cost per day of $258,000. Only one day of delays was experienced during the cable laying process.
The cost of the debt serv...