KENAI, Alaska (AP) – As the Homer Electric Association moves forward with its election to withdraw from the oversight of the state utilities regulator, the company’s subsidiary is also planning a deregulation election.
The subsidiary, Alaska Electric and Energy Cooperative, operates as a separate cooperative with HEA as its only member. The Regulatory Commission of Alaska announced AEEC’s plans to seek exemption from regulation by election Friday.
The Peninsula Clarion reports (http://bit.ly/2dWQZYz ) HEA has mailed its first ballots in the deregulation election and will return final ballots to the regulatory commission by Nov. 27. The commission will announce the results in December.
The utility companies together have about $372 million of debt.
Alaska statute allows a publicly regulated utility cooperative to withdraw from regulatory oversight by a majority vote of its members.
Information from: (Kenai, Alaska) Peninsula Clarion, http://www.peninsulaclarion.com