Latest Stories
GVEA Sets Goal to Reduce Carbon Emissions by 26% by 2030
Golden Valley Electric Association (GVEA) has set a goal to reduce its carbon output by 26 percent by the year 2030. The board of directors adopted the Carbon Reduction Goal at its January 21 meeting in Fairbanks. The 26 percent reduction will be measured against...
GVEA Receives a 55-Megawatt Hybrid Power Generation Project Proposal
Golden Valley Electric Association has received a proposal from Eco Green Generation LLC (EGG) of Monument, CO, an independent power producer, to add 55 megawatts of energy to GVEA’s system. EGG proposes to add 11 cogeneration units, 9 in Fairbanks and 2 in North...
Good¢ents Grants Awarded in November 2018
The Good¢ents Board of Trustees met in November. Fourteen applications were reviewed, and nine grants totaling $35,178 were awarded. Here’s a summary of these recent grants: Bethel Community Services Foundation: $1,000 grant to assist with the purchase of music...
Fuel & Purchase Power Charge Continues to Decline
GVEA's Fuel and Purchased Power (F&PP) rate, effective December 1, 2018 through February 28, 2019, has decreased from 10.502¢ to 8.648¢ per kilowatt-hour. This is a decrease of 18 percent from the previous F&PP rate approved by the RCA. Based on the average...
Healy Power Station Uninterrupted by Alaska Earthquake
Golden Valley Electric did not experience any power outages due to this morning’s earthquake in Anchorage. At the time of the earthquake, our load was approximately 165 MW with 30 MW coming over the Intertie. When the Intertie tripped off-line due to the earthquake,...
GVEA Board Approves $9.3 Million in Capital Credit Refunds
At the October 22, 2018, GVEA Board meeting, the decision was made to retire all capital credits from 1993 (and earlier) plus 25 percent of the 2017 capital credits, which totaled $9.3 million. All refunds will be distributed by the end of November 2018. How will the...
GVEA Commissions Alaska’s Largest Solar Farm
FAIRBANKS – Golden Valley Electric Association and local officials held a ribbon cutting ceremony today to acknowledge the commissioning of its 563-kilowatt solar farm. GVEA’s solar installation is the largest photovoltaic (PV) system in the State of Alaska. The...
Customer Service Survey Begins October 1
GVEA has hired National Rural Electric Cooperative Association’s (NRECA) Market Research Services to conduct a brief phone survey of GVEA’s members. The confidential survey will be focused on customer service and should only take a few minutes of your time. The survey...
GVEA’s Healy Power Station Unit 2 Reaches Startup Milestone
GVEA is pleased to announce that the Healy Unit 2 power plant has operated at 95% availability for a 30-day period, exceeding a key benchmark set by the Regulatory Commission of Alaska. The 50-megawatt coal-fired unit had been idle since 2016, to allow GVEA to fix a...
Good¢ents Grants Awarded in August 2018
The Good¢ents Board of Trustees met in August. Eleven applications were reviewed, and five grants totaling $19,550 were awarded. Here’s a summary of these recent grants: Alaska Health Fair Inc.: $6,000 grant for technology upgrades. Fairbanks Hockey Hall of Fame:...