The Southeast Alaska Power Agency announced rebates for its Southeast power customers in the amount of $1.65 million last month after a Dec. 13 vote by the agency’s Board of Directors.
The rebate is equivalent to a little more than a full cent reduction in the wholesale power rate, which is currently set at 6.8 cents per kilowatt-hour. With the rebate in place, customers will pay a little less than 5.8 cents per kilowatt-hour.
The rebate to Wrangell will total $326,189.30, while Petersburg will reap a rebate of $427,791.33. Ketchikan had the highest rebate at $896,019.37.
The rebate for each community is allocated based upon their utilities three-year average of kilowatt-hours purchased from SEAPA.
The rebates were made a reality, in part, because of increased sales from the Tyee project over the recently completed Swan-Tyee Intertie.
Outgoing SEAPA CEO Dave Carlson said he was pleased about the state of the agency.
“SEAPA had a good year,” Carlson said. “The hydro projects and transmission lines performed very well and experienced very few interruptions in service. That increased sales to SEAPA and also displaced more diesel generation in Ketchikan, which is a win-win for everyone.”
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