JUNE 2007 CONSOLIDATION PROPOSAL for ANCHORAGE MUNICIPAL LIGHT & POWER and CHUGACH ELECTRIC ASSOCIATION www
MERGER WEBSITES: CHUGACH ELECTRIC MOA-ML&P
|MERGER EVENT & DOCUMENT LOG|
|2/23/08||ML&P, Chugach Electric consider merger - POWER: Goal is to stabilize rates by getting rid of duplicate costs; buyout possible, not likely - By ELIZABETH BLUEMINK - Anchorage Daily News|
Public hearing in Assembly Chambers - Media Coverage: Channel 2
bills could drop if utilities join forces - OPTIONS: ML&P buying
Chugach would save; Chugach buying ML&P would raise rates. By WESLEY LOY
Anchorage Daily News - Ray Kreig, a former Chugach board member and chair of
Chugach Consumers, an advocacy group for Chugach ratepayers, said he was
disappointed in the Navigant study. "It's a strange report,"
"Everybody knows there is immense amounts of money to be saved by combining these two utilities," Kreig said.
However, he said the study seems biased toward having a government owner of the utilities, which might not yield as much efficiency and savings as private ownership. And the study should have considered broader issues such as how to create more competition in Alaska's electricity market, he added.
|11/5/07||Phase 1 Draft Report on Cost Savings by Navigant Consulting Letter of Transmittal|
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