MEA ANNOUNCES SECOND QUARTER RATE DECREASE

March 31, 2017

Effective April 3, 2017, the overall monthly bill for the average MEA member (using approximately 680 kWh of electricity) will decrease approximately 5.5%, from $143.59 to $135.69 per month, subject to RCA approval.

The decrease is the result of regular quarterly rate adjustments to both base rates and the Cost of Power Adjustment (COPA). The Matanuska Electric Association Board of Directors voted on February 13, 2017 to authorize an increase of 0.45 percent in base rates, effective the second quarter of 2017. Under the terms of rules set by the Regulatory Commission of Alaska (RCA), MEA is allowed on a quarterly basis to file for limited increases or decreases in base rates, provided that the adjustments stay within certain financial parameters established by the RCA. This base rate filing will take effect April 3, 2017.

MEA is also filing a 15.17% decrease to the COPA rate, due largely to revenue associated with economy energy sales, which reduces MEA’s cost of purchase power and all else being equal, reduces the COPA rate.  This demonstrates the ability of recent Railbelt collaboration to offset costs for cooperative members.

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Matanuska Electric Association, Inc., Alaska’s oldest existing and second-largest electric cooperative, is owned and operated by its nearly 50,000 members. MEA’s service area covers more than 4,300 miles of power lines in Southcentral Alaska. The co-op is dedicated to working with utilities statewide to provide consumers with affordable, reliable energy. More information at www.mea.coop.