Homer Electric Association (HEA) is requesting a rate increase in its filings with the Regulatory Commission of Alaska (RCA).
In its filing, HEA is proposing to increase the Residential Service energy rate from $0.13780 to $0.14882 per kilowatt hour, effective for all billings as of May 1, 2015.
The filing also increases the General Service energy rate from $0.13897 to $0.15009 and Large General Service energy rate from $0.0932 to $0.10066 per kilowatt hour. The demand rate for Large General Service members will go from $15.45 to $16.69 per kilowatt.
The last energy rate increase approved by the RCA and implemented by HEA was in July of 2013.
Over the last two years, HEA has made significant investments in new generation plants, substations, and transmission lines. These assets are essentially replacing infrastructure from the early 1980s. Replacing assets installed nearly 35 years ago is expensive. Additionally, expenses associated with the daily operation of providing electric service have increased.
HEA is also requesting an increase in the Cost of Power Adjustment (COPA) from $0.06900 to $0.07846 per kilowatt hour, effective April 1, 2015. COPA reflects the cost of fuel (natural gas) used to generate electricity, along with power purchased from the state-owned Bradley Lake hydroelectric project.
Overall, the proposed changes would increase the blended residential rate (energy rate plus COPA) from $0.20680 to $0.22728 per kilowatt hour.
The requested rate changes will result in an increase of $12.91 in the monthly residential bill for the average HEA member using 630 kilowatt hours.
If approved by the Regulatory Commission of Alaska, the COPA change will be effective for all billings beginning April 1, 2015. The energy rate change will be effective for all billings beginning May 1, 2015.
Six (6) candidates will be on the ballot for the Homer Electric Association (HEA) Board of Directors’ 2015 election. The deadline to apply for a seat on the board was March 6 by 5:00 p.m.
HEA directors are elected by the members in their respective district, with members voting only for the candidates residing in their district. This year, the following candidates will appear on each district ballot:
In District 1 (Kenai – Nikiski- parts of Soldotna area), the candidate is incumbent David B. Thomas of Kenai.
In District 2 (Soldotna – Sterling – Kasilof), the candidates are Andrew Alexandrou of Sterling and incumbent Dave Carey of Soldotna.
In District 3 (Kasilof south to Kachemak Bay area), the candidates are incumbent Jim Levine of Homer, Joe F. Singleton of Homer and Don Stead of Homer.
The ballots will be mailed to HEA members on April 3, 2015. Completed mail-in ballots must be received by May 6, 2015, for validation. If HEA members are unable to complete a mail-in ballot, members will also have an opportunity to vote at the 2015 Annual Meeting of the Members, which will be held May 7, 2015, at Homer High School.
Homer Electric Association (HEA) is accepting nominations from members interested in running for a seat on the cooperative’s Board of Directors.
The cooperative’s Board is made up of nine directors, three from each of the three districts that make up the service area.
This year, the District 1 (Kenai-Nikiski-parts of Soldotna) seat held by Kenai resident David Thomas will be on the ballot. In District 2 (Soldotna-Sterling-Kasilof area) the seat currently held by Soldotna resident Dave Carey will be up for election. In District 3 (Kasilof-Homer-Seldovia area), HEA members will vote for the seat currently held by Jim Levine of Homer.
HEA directors are elected by district, with members voting only for the director in their respective district.
Members interested in being on the ballot must fill out a Candidacy Packet that requires the candidate to gather at least 15 signatures from current HEA members that live in the district where the candidate resides. The Candidacy Packet is available at HEA offices in Kenai and Homer and online at www.homerelectric.com
The deadline to submit the Candidacy Packet is 5 PM on March 6th, 2015. Completed packets can be dropped off at either the Kenai or Homer HEA office.
Ballots will be mailed out to HEA members on April 3rd, 2015, and the results will be tabulated and announced at the Annual Meeting on May 7th, 2015, at the Homer High School.
Board Elections and Candidacy Packet
Homer Electric Association (HEA) members will likely see a rate increase beginning October 1st.
HEA has submitted a filing with the Regulatory Commission of Alaska that increases the Cost of Power Adjustment (COPA) from $0.07187 per kilowatt hour to $0.08249 per kilowatt hour. Read more…