Last week, Alaska Energy Authority (AEA) acquired a Homer Electric Association transmission line that runs between the Sterling Substation and the Quartz Creek Substation on Kenai Lake. This transmission line, referred to as the SSQ Line, delivers Bradley Lake hydroelectric generated power, the least expensive power available to GVEA. In the summer of 2019, the SSQ LIne was damaged during the Swan Lake Fire; it took four months to bring the line back into service, and resulted in a temporary increase in the cost of power for GVEA members.
With the SSQ line under AEA ownership, there are opportunities for upgrades that will benefit all Railbelt utility customers, including GVEA.
John Burns, GVEA President/CEO said, “We are delighted to be part of the acquisition. Ultimately, we will be able to achieve more Bradley Lake power through this deal which is the cheapest source of power for GVEA.”
“…Interior ratepayers to benefit from the low cost of Bradley Hydroelectric power and natural-gas-fired generation in Southcentral. Between 2008 and 2018, the Intertie provided an average annual cost savings of $40 million to GVEA customers.” –Curtis Thayer, Executive Director, AEA