Divestiture summary report: Sale of Eklutna and Snettisham hydroelectric projects
This report accompanies the legislative proposal to authorize sale of the two Alaskan Federal hydroelectric projects and close out the Alaska Power Administration (APA). The 78,210 kill Snettisham Project serving Juneau would be sold to the Alaska Energy Authority, a State corporation which owns six other hydroelectric projects. The 30,000 kill Eklutna Project serving the Anchorage and Matanuska Valley areas would be sold to the three electric utilities which now purchase power from that project. Terms and conditions for the sales are set out in negotiated Purchase Agreements. Key aspects include: (1) Development of Transition Plans within six months after Congress authorizes the divestiture. (2) Transaction Date to be set in the Transition Plans. (3) Description of assets to be transferred. (4) Price and payment terms. (5) Environmental Management Plans. (6) Protection of interests in several important non-power'' uses of project land and water. Under a separate agreement, the Purchasers assume responsibility for developing and implementing post-sale programs for protection, mitigation, and enhancement of fish and wildlife resources impacted by hydroelectric development in the Eldutna and Snettisham basins. The estimated sale proceeds to the United States Treasury are between $73.5 and $80.3 million, assuming the transactions are completed between October 1, 1992 and October 1, 1993. Eklutna and Snettisham are modest-sized, single-purpose hydroelectric projects involving small river basins entirely within Alaska. Locally, they are important long-term suppliers of economically-priced hydroelectric power. The sale terms and structure assure that the projects will continue to serve their intended purposes. Modest rate increases are expected over the short term, but long-term power rates are expected to be similar to those that would prevail under continued Federal ownership.
- Research Organization:
- USDOE Alaska Power Administration, Juneau, AK (United States)
- Sponsoring Organization:
- USDOE; USDOE, Washington, DC (United States)
- OSTI ID:
- 7042209
- Report Number(s):
- APA-92019118; ON: DE92019118
- Country of Publication:
- United States
- Language:
- English
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Submittal of a legislative proposal to Congress for the sales of the Eklutna and the Snettisham projects
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Related Subjects
HYDROELECTRIC POWER PLANTS
SALES
COMPETITION
ECONOMIC ANALYSIS
ENERGY POLICY
ENVIRONMENTAL IMPACTS
HYDROELECTRIC POWER
ECONOMICS
ELECTRIC POWER
ENERGY SOURCES
GOVERNMENT POLICIES
POWER
POWER PLANTS
RENEWABLE ENERGY SOURCES
130500* - Hydro Energy- Economic
Industrial
& Business Aspects
130600 - Hydro Energy- Environmental Aspects