SEAPA postpones potential wholesale rate increase


A potential Southeast Alaska Power Agency (SEAPA) wholesale rate increase has been deferred by at least a year due to record high power sales in Ketchikan, Petersburg, and Wrangell this spring, according to Vice Mayor Bob Lynn.

“It’s a record, I mean it’s about 5% above any previous sales that we did this past winter, which is pretty significant,” Lynn said during his July 3 report to the Petersburg Borough Assembly about the latest SEAPA Board meeting

The SEAPA Board last approved a wholesale rate increase in December 2022, raising the price from 7.05 to 7.3 cents per kilowatt hour...

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