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Healy Clean Coal Plant Update

Healy Clean Coal Plant Update. APA Annual Meeting August 7, 2009. By: Brian Newton GVEA President & CEO. Historical Information. 1989 - DOE selected HCCP as a Clean Coal Technology Program demonstration plant 1995-97- HCCP built 2000 - HCCP shutdown – AIDEA litigation

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Healy Clean Coal Plant Update

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  1. Healy Clean Coal Plant Update APA Annual Meeting August 7, 2009 By: Brian Newton GVEA President & CEO

  2. Historical Information • 1989 - DOE selected HCCP as a Clean Coal Technology Program demonstration plant • 1995-97- HCCP built • 2000 - HCCP shutdown – AIDEA litigation • 2009 – AIDEA & GVEA begin purchase discussions 2

  3. Why HCCP now? Reliability & Affordability • HCCP will lower electric bills • Coal is one of GVEA’s lowest cost fuel sources • Coal prices are more stable than oil prices Creates jobs for Alaskans Puts a valuable resource online

  4. Average Monthly Residential Bill(750 kWh)

  5. Key Purchase Points • Purchase Loan - $50 million @ 5% interest for 25-years • Re-start Loan - $45 million @ 6.5% interest for 25-years • Interest & Principal payments deferred until January 1, 2014 • AIDEA – GVEA Litigation stayed

  6. Kilowatt Hour Mix – HCCP Online

  7. GVEA Environmental Stewardship • Healy #1 retrofits • Green Power Pledge • SNAP program (<15KW) • Energy$ense Programs • Renewable Resource Purchase Program (<2MW) • Green Power Advisory Committee

  8. Questions Questions?

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