Chugach Electric board OKs Fire Island wind
June 17, 2011
By Tim Bradner of Alaska Journal of Commerce: Chugach Electric Association’s board has given approval for the electric co-op to purchase wind power from Cook Inlet Region Inc.’s proposed Fire Island wind project, a commitment that will allow the Anchorage-based Alaska Native corporation to proceed with construction.
For the near-term, electricity generated with wind power will be more expensive than Chugach can generate it with natural gas under its current gas supply contracts, but the price of gas in Southcentral Alaska is rising as reserves in existing producing fields are being depleted.
Assuming final approvals of a power sales agreement by both the Chugach and CIRI boards and subsequent approval by the Regulatory Commission of Alaska by mid-September, construction crews will resume on Fire Island in late September or early October, CIRI spokesman Jim Jager said. Read more