Click image to view the consolidation at-a-glance.
Anchorage has the opportunity to consolidate its two electric utilities, ML&P and Chugach Electric, paving the way for:
Lower long-term electric rates
No property tax increases
No layoffs at either utility
Greater efficiency = lower costs
Good for the economy
What Happens Next?
Voters authorized the Municipality of Anchorage to sell ML&P to Chugach in the April 3, 2018 election with a vote of 65 percent in favor of the sale. Chugach and the Municipality of Anchorage are currently negotiating the terms of a purchase agreement.
How is the consolidation a cost savings?
A consolidation will streamline services that are now being duplicated by having two utilities. Combining technological capabilities, infrastructure, staff, and financial resources will result in cost savings over time and lower long-term electric rates for residents and businesses. There are no property tax increases, rates will not go up to pay for the transaction, and there will be no layoffs of Chugach or ML&P employees. Chugach has pledged to right-size through attrition.