HEA to increase rates slightly

Posted: Tuesday, June 09, 2009

Homer Electric Association rates are going up again -- but just by one percent.

The wholesale power cost rate adjustment filing, which was submitted to the Regulatory Commission of Alaska last week, includes an increase from 3.970 cents per kilowatt hour to 4.439 cents.

"The WPCRA is adjusted quarterly to reflect changes in the cost of power purchased from Chugach Electric Association," according to an HEA written statement released Monday.

The cooperative purchases about 90 percent of its power --natural gas -- from Chugach Electric.

Chugach's fuel cost rate adjustments are based on a 12-month rolling average of fuel indexes. HEA is under contract to purchase power from Chugach Electric through 2013.

On May 15, the utility submitted a request to the RCA to decrease its energy base from 13.545 cents per kilowatt hour to 13.296 cents. The impact of the changes will result in an increased blended electric rate -- base rate plus wholesale power cost rate adjustment -- from 17.515 cents per kilowatt hour to 17.735 cents.

If approved by the RCA, the rate changes will result in a monthly increase of $1.39 for the average HEA member using 630 kilowatt hours per month.

The new rates are scheduled to take effect for all billings starting on July 1.

Subscribe to Peninsula Clarion

Trending this week:


© 2018. All Rights Reserved. | Contact Us