With the recent dramatic rise in electric rates in Anchorage, businesses have been hit hard - especially large rate payers like hospitals, hotels, and large office buildings. The purchase of ML&P by Chugach Electric Association is a critical step to bringing these ballooning costs under control for all ratepayers in the coming years. And, it will keep control of Anchorage’s electric grid in the hands of Anchorage’s citizens. This is a good deal for our city.
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.