Snettisham Project; Wholesale Power Rates
Issued by Energy Department
Alaska Power Administration (APA) is proposing to adjust the rates for the Snettisham Project. The present rate of 32.1 mills per kilowatthour is insufficient to meet the Snettisham Project's repayment criteria. APA proposes to raise the rate for firm energy to 34.4 mills per kilowatthour beginning May 1, 1995, for a period of up to five years. Rates for non-firm energy deliveries under both the oil displacement and wood-heat displacement programs would not change. The final proposal may differ from the present. The proposed rates will be submitted to the Deputy Secretary of Energy for interim approval and to the Federal Energy Regulatory Commission for review and final approval.
This is a factual description of what was issued or decided, not an assessment of it.