Cook Inlet Powerlink has $270M raised but still needs about $142M to meet DOE deadline
AEA told the committee the Cook Inlet Powerlink project totals about $413 million, with a $206.5M DOE grant among funds already secured; the agency says it still needs roughly $142M and must place the project in service by 2032 to preserve the DOE award.
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Curtis Thayer, executive director of the Alaska Energy Authority, updated the House Energy Committee on the Cook Inlet Powerlink, a high-voltage direct‑current subsea transmission project. Thayer told the committee the project cost estimate is about $413 million and that AEA currently has roughly $270 million raised — including a $206.5 million Department of Energy (DOE) grant, a $50 million AEA bond and $14.2 million in state funds.
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