MANAGER'S REPORT:
This ordinance would appropriate $75,000 to fund the costs associated with CBJ’s participation as an intervenor in the matter before the Regulatory Commission of Alaska, where Hydro One Limited is seeking authority to acquire control of Alaska Electric Light & Power Company.
AEL&P is the power utility for Juneau. On July 1, 2014, Avista Corp., based in Washington, bought out AEL&P’s parent Alaska Energy and Resources Company. On July 20, 2017, Avista Corp. announced they would join forces with Hydro One.
The Assembly Finance Committee took up this matter at its meeting on January 10, 2018.
The Assembly Committee of the Whole unanimously recommended this at its meeting of February 5, 2018. |