Businessmen want to keep Juneau power company locally run

By The Associated Press

The Alaska state capital's electric utility is set to change hands late next year, but some in the city are looking for a way to keep it under local control.

 

JUNEAU, Alaska (AP) — The Alaska state capital's electric utility is set to change hands late next year, but some in the city are looking for a way to keep it under local control.

The Juneau Empire reports (http://bit.ly/2hr0ykn ) Avista, which is the parent company for Juneau's power company, Alaska Light Electric & Power, is in the process of being bought by Canadian energy company Hydro One. The sale is expected to close in late 2018.

The two heads of Juneau Hydropower — President and CEO Keith Comstock and Managing Director Duff Mitchell — have expressed interest in ensuring the power company stays locally run. They sent a letter to Avista in 2016 to inquire about Avista's interest in selling it (Avista declined) and are now looking to do the same with Hydro One.

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