|Mutually beneficial agreement means GVEA purchases excess power
generated locally by UAF.
In April, Golden Valley Electric Association (GVEA) entered into a one-year power purchase agreement with the University of Alaska Fairbanks (UAF).
The Regulatory Commission of Alaska approved the mutually beneficial agreement effective May 10. The agreement means that GVEA will have the ability to purchase power generated at UAF’s 17 megawatt combined heat and power plant on campus after all of UAF’s needs are met. This allows GVEA the flexibility to purchase from a local power producer when economic to do so, while enabling UAF to run their plant at higher, more efficient, loads.
GVEA is adding UAF to its suite of sources for purchasing power. GVEA either purchases or generates power based on the lowest cost electricity available.
GVEA purchases power from these sources:
GVEA is excited to engage with UAF through this agreement and for the opportunities that it brings to our members and the communities we both serve.
Golden Valley Electric Association serves over 36,000 members, with 44,800 meters, in Interior Alaska. The Cooperative’s mission is to safely provide these members with reliable electric service, quality customer service and innovative energy solutions at fair and reasonable prices.