New Southeast Alaska Power Agency rate increases expected

Assembly Member Bob Lynn and Utility Director Karl Hagerman provided a report on SEAPA activities during the Petersburg Borough Assembly meeting on March 7 including details on the Southeast Alaska Power Agency’s updated website and the likelihood of further rate increases.

Lynn reported that SEAPA CEO Trey Acteson told the SEAPA board during its February 28 meeting that a 3/4 of a cent rate increase over time is needed to make up for the costs of the debt service for the submarine cable, the 4R improvement plan, the vegetation management program, and inflation.

“We are going to have to have s...