Homer Alaska - Business

Story last updated at 1:14 PM on Wednesday, September 19, 2012

HEA rate increase expected in October




Homer Electric Association has submitted a filing with the Regulatory Commission of Alaska that increases the Cost of Power Adjustment (COPA) from 3.603 cents per kilowatt hour to 4.884 cents per kilowatt hour.

COPA reflects the cost of the fuel used to generate electricity purchased by HEA from Chugach Electric and is adjusted on a quarterly basis.

The increase in COPA is related to the shutdown of the state-owned Bradley Lake hydroelectric project during July and August for maintenance work. During that time, the low-cost hydro power normally produced at Bradley Lake had to be replaced with power from more expensive generation sources.

The COPA revision will increase the blended rate (COPA plus energy rate) for HEA members from 16.362 cents to 17.643 cents per kilowatt hour. The new rate represents an additional $8.07 per month for the average HEA member using 630 kilowatt hours a month.

Pending approval from the Regulatory Commission of Alaska, the new rate will be effective for all billings as of Oct. 1.

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