Alaska Electric Light & Power not for sale, utility says

juneau alaska elp

JUNEAU, Alaska (AP) — The company buying Alaska Electric Light & Power Co.'s parent corporation said in a letter it is not interested in selling Juneau's electric utility any time soon.

KTOO.org reports Hydro One CEO Mayo Schmidt wrote a letter to the city and borough of Juneau, saying the company had no plans of selling any of its new assets or units, and that Hydro One supports Alaska Electric Light & Power's "vision of bringing safe, reliable, affordable power to Juneau."

The Aug. 14 letter was in response to a letter written by the city to the Toronto-based power company last month urging the company to meet with representatives of Juneau Hydropower.

Juneau Hydropower is interested in buying Alaska Electric Light & Power Co.

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

Logistics Risk Management in the Transformer Industry

Transformers often are shipped thousands of miles, involving multiple handoffs,and more than a do...

Secrets of Barco UniSee Mount Revealed

Last year Barco introduced UniSee, a revolutionary large-scale visualization platform designed to...

The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...

Latest PennEnergy Jobs

PennEnergy Oil & Gas Jobs