On Monday, April 24th, 2023, the Renewable Energy Alaska Project Board of Directors voted to endorse C.O. Rudstrom, Jim Levine, and Robert Ernst for the Homer Electric Association Board of Directors. REAP’s decision to endorse candidates for the Homer Electric Board of Directors underlines the importance of this pivotal moment for the future of energy in Cook Inlet.
Homer Electric’s electricity rates are going to increase dramatically in the next five years if we do not diversify our generation portfolio. Studies conducted by Alaska’s Department of Natural Resources (DNR) show the supply of Cook Inlet natural gas failing to meet demand as soon as 2027. Homer Electric leadership has known this for a while, yet they have not acted to develop alternative sources for our electricity generation. Instead, they have opted to make decisions about our shared energy future behind closed doors. According to the Alaska Energy Transparency Project, Homer Electric’s Board spent over a third of their regular public board meetings in Executive Session in 2022. In the wake of this inaction and lack of transparency, Homer Electric’s Board is preparing to import liquefied natural gas (LNG) in order to replace our dwindling supplies from Cook Inlet. This is despite the fact that solar and wind energy are already cost competitive with natural gas – and getting cheaper – while imported LNG would cost two or three times the price we currently pay for gas.
Now, more than ever, we need experienced, forward-thinking leaders on the Homer Electric Board to diversify our generation portfolio away from a dangerous dependency on natural gas towards an increasing mix of renewable energy resources which will stabilize electricity rates and keep precious energy dollars circulating in our state’s economy.
In this pivotal moment for the future of energy in Cook Inlet, REAP is proud to endorse C.O. Rudstrom, Jim Levine, and Robert Ernst for the Homer Electric Board of Directors. These three candidates have each shown their commitment to REAP’s mission of increasing the development of renewable energy and energy efficiency in Alaska, and together they have pledged to address this Cook Inlet Gas Crisis in a transparent manner by diversifying Homer Electric’s generation portfolio away from a dangerous dependency on natural gas towards a mix of local, reliable, stably-priced renewable energy sources.