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Healy Clean Coal Plant Update: GVEA's Path to Affordable, Reliable Energy

Learn about the update on the Healy Clean Coal Plant at the APA Annual Meeting on August 7, 2009 by Brian Newton, GVEA President & CEO. Discover the historical information, reason for the update, purchase discussions, key purchase points, and more. Find out why the HCCP is crucial now for reliability, affordability, job creation, and resource utilization. Explore the average monthly residential bill impact, purchase loan details, and the environmental stewardship initiatives by GVEA. Have questions? Get answers at the event! 8 Relevant

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Healy Clean Coal Plant Update: GVEA's Path to Affordable, Reliable Energy

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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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