VOTE YES on PROP 10 by mail starting March 13 or at Accessible Vote Centers from March 26 through April 3.
On January 23, 2018, the Anchorage Assembly approved Ordinance No. 2018-1(S) which adds a Proposition 10 on the 2018 Municipal Ballot asking voters if they want to authorize the city to negotiate a final consolidation agreement with Chugach Electric. The municipal election day is Tuesday, April 3, 2018, however, registered voters can begin voting by mail on March 13, 2018.
Because ML&P is owned and operated by the City, Anchorage voters must authorize its sale to Chugach Electric by VOTING YES ON PROP 10. If approved by voters, the City and Chugach Electric will finalize terms for the Anchorage Assembly to review and approve.
Chugach Electric is owned by its members and has proudly served Anchorage for 70 years. Chugach has the financial strength and credit ratings to consolidate with ML&P, with no layoffs at either utility.
This is an issue that has been talked about for decades in Anchorage and one that I am very happy to support for many reasons.
This is a good, reasonable option to present to voters and let voters decide.
BOTTOM LINE: Sale of ML&P looks like a good move on good terms.
AEDC feels that Anchorage's electric utility marketplace is a key element to our city's future economic health and competitiveness.
Having one entity, we can combine all the technical and engineering expertise for the benefit of ratepayers.