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SEAPA holds wholesale rate steady at 7.3¢/kWh; plans third turbine and Ketchikan substation
Summary
An Assembly board member reporting on the Southeast Alaska Power Agency said the board maintained the 2025 wholesale power rate at 7.3 cents per kilowatt-hour, is planning a third turbine (estimated 5 megawatts) and a new Ketchikan substation, and has begun stakeholder consultations for FERC license amendments and relicensing work.
Member Lynn, the Petersburg Borough Assembly member serving as the borough’s SEAPA (Southeast Alaska Power Agency) board representative, told the assembly that the SEAPA board maintained the wholesale power rate for 2025 at 7.3 cents per kilowatt-hour and approved an operations plan similar to 2024. "The board maintained the wholesale power rate for 2025 at 7.3 cents per kilowatt hour," Member Lynn said.
Member Lynn said the 2025 operations plan is based on forecasted inflows and projected electrical loads and that the 2025 budget anticipates revenues and costs similar to 2024. The agency included…
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