Chugach/ML&P utility deal

Chugach/ML&P utility deal

Chugach Electric Association’s proposed acquisition of Anchorage’s city-owned Municipal Light & Power hasn’t ruffled any feathers yet – voters will approve the city’s end of the deal in April elections – but some have raised questions about lack of transparency and how things were negotiated be- hind closed doors. There still isn’t any information on what other bidders offered although there were some, it was acknowledged. Consolidation of the two electric utilities serving Anchorage has a long- sought goal but the way the municipality handled this shedding of an asset is in sharp contrast to its sale years ago of the Anchorage Telephone Utility, which was a very open and competitive process.

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