GVEA’s Adjusted Fuel & Purchased Power Rate Effective Dec 1, 2019

The three main contributors to this increase are:

  • No power available from Bradley Lake Hydroelectric due to damage to the Soldotna to Quartz Creek (SQ) transmission line, which was sustained during the Swan Lake Fire. This will continue into the first quarter of 2020.
  • Continued limited power available for purchase from southern utilities.
  • Continued reduced generation output anticipated for Healy Unit 2 power plant.

What is the Fuel & Purchased Power rate?

GVEA’s most recent F&PP rate is effective December 1, 2019 through February 29, 2020. The filing consisted of actual data from September 2019 through November 2019, as well as an estimate of anticipated fuel expenses through February 2020.

How is the F&PP calculated?

GVEA’s most recent F&PP rate is effective December 1, 2019 through February 29, 2020. The filing consisted of actual data from September 2019 through November 2019, as well as an estimate of anticipated fuel expenses through February 2020.

F&PP Charge Over the Past Four Quarters:

(Posted on GVEA's Blog on Dec 2, 2019.)

GVEA Board Approves $3.5 Million in Capital Credit Refunds

How will the capital credit refunds be rolled out?

  • Checks will be issued to members whose refunds are $100 and greater.
    • All checks are expected to be issued by the end of November.
  • Active members with refunds of less than $100 will have a credit posted to their November billing statement.
    • The line description on the statement will indicate which year the refund ties to, along with an associated account / service location tracking number.
  • Former members will be issued checks if balances exceed $25 or their balance of under $25 has been held for five years.
    • It’s very important GVEA has a current mailing address in file, so the capital credit refunds can reach you.

If you have capital credits questions, you can call 907-451-5625 (or 1-800-771-4832) or email capitalcredits@gvea.com. ;Additionally, there’s more info available on GVEA’s website, located here.

(Posted on GVEA's Blog on Nov 4, 2019.)

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Now More Ways to Pay Your Bill:

  • Online ... GV E-Bill
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  • Payment Kiosk ... NEW!
  • More...

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