Despite dimming income over the past fiscal year, board members for Southeast Alaska Power Agency were informed the future is still a bright one. At its June 18 meeting in Ketchikan, CEO Trey Acteson reported SEAPA remains financially strong and well-positioned leading into the next fiscal year.
Sales revenues through last month were $1.3 million below budget, or about 12 percent. While weather volatility has played a hand in the shortfall, a consistent drop from anticipated power consumption by Ketchikan through the 2015 fiscal year has also contributed. The power sales agreement signed with...
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