Cory Borgeson Retires from GVEA

March 10, 2020

FOR IMMEDIATE RELEASE

FAIRBANKS - Cory Borgeson has retired as President & CEO of Golden Valley Electric Association. Borgeson served as President & CEO for the past 7 years, and prior to that, for two decades as GVEA’s General Counsel. His last day on the job was Friday, March 6.

GVEA’s board has begun recruiting for a new president & CEO and has engaged Alaska Executive Search (AES) to assist in the recruiting process. Interested candidates are required to apply through AES. The board’s goal is to have someone in place by June 2020. In the meantime, the Board of Directors has appointed GVEA’s VP & Corporate Counsel John Burns as Interim President & CEO during this recruitment process.

In announcing his retirement, Borgeson said “It has been a great honor to serve as GVEA’s President & CEO. While any transition is challenging, I believe that with the dedicated board, the executive team and the awesome workforce, GVEA is well positioned to move forward under a new CEO.”

Board Chairman Tom DeLong, agrees, “Cory has had a considerable impact on the GVEA operation. He has been a very positive force in the organization, always looking for the best opportunities to move the cooperative forward.” DeLong went on to say, “The board appreciates working with Cory and wishes him and his family continued success in their future endeavors.”

The link for additional job description details: https://akexec.catsone.com/careers/29739-General/jobs/13278719-Chief-Executive-Officer

 

Proposed Energy Project Denied Rehearing

A proposal by Colorado-based Eco Green Generation (EGG), together with Alaska Environmental Power of Delta Junction, to build a 100-megawatt (MW) primarily propane-fired energy project in Interior Alaska has been denied a rehearing before the Federal Energy Regulatory Commission (FERC).

On January 23, 2020, FERC issued an order confirming its initial findings on EGG’s proposed project and denied EGG’s request for rehearing and waiver of FERC regulations and standards.

In June of 2019, FERC found that EGG’s proposed project, consisting of 20 separate 5-MW reciprocating engines that are duel fueled from 3% renewable diesel and 97% propane, as well as a 37.8 MW wind farm, did not meet the legal requirements to be a Qualifying Facility (QF). EGG then petitioned FERC for a rehearing and waiver, emphasizing the alleged benefits of its proposed project. Ultimately, FERC was not persuaded by EGG’s arguments.

“In addition to being legally deficient, EGG’s proposed project would also have a negative impact on our environment,” said Cory Borgeson, President and Chief Executive Officer of GVEA. “EGG promoted its idea as a hybrid power project with wind and cogeneration components, but at times over 85% of its energy output would have come from fossil fuels. GVEA remains open to projects from independent power producers that have no negative impact on reliability, the environment or rates.”

To view FERC’s order denying a rehearing, click here.

Links to previous GVEA posts on this topic:

(Posted on GVEA's Blog on 1/28/20.)

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