The Regulatory Commission of Alaska is currently reviewing the acquisition of ML&P by Chugach. The RCA’s role is to determine if the sale is in “the public interest.”
The RCA has indicated it will issue a decision on the acquisition by the end of May 2020.
The ballot language said Chugach would pay a competitive value of approximately $1 billion for the acquisition of ML&P, subject to adjustment during the due diligence process. The total transaction is valued at $999.6 million.