COURIER The Kilowatt
JJune 2022
Ribbon Cu ng Ceremony Marks Grand Opening of Alaska’s First Tesla Supercharger Alaska’s very first Tesla Supercharger was unveiled in a ribbon-cu ng ceremony at Whistle Hill on April 30th in Soldotna. Tesla vehicle owners from across the state made the trek to Soldotna for this momentous occasion. Dr. Henry Krull launched the ground-breaking project in conjunc on with Tesla and HEA. The new Tesla Supercharger will offer a faster charge for Tesla vehicles expanding the ability for these vehicles to explore the Kenai Peninsula and Alaska.
Dr. Henry Krull and family along with Senator Peter Micciche at the ribbon-cuƫng event. (Courtesy Merrill Sikorski)
Together we can all be FIREWISE during wildfire season! As part of HEA’s Fire Mi ga on Plan, whenever there is an extreme risk of fire, we modify the opera ons of our electric system in the affected areas. Outages can be caused by winds, trees or branches on lines, vehicles colliding with poles, wildlife and more. If an outage does occur, HEA crews will patrol the line prior to restoring power. The dura on of the outage may 91367 be longer because we are taking extra precau ons to minimize the risk of wildfires. Once the warning expires, the system returns to normal opera on. HEA proac vely clears vegeta on hazards in its rights of way in a five-year rota on. This helps protect our members from fire hazards and helps prevent outages caused by falling trees. But don't forget to protect your home by making it less vulnerable to fire.
Kilowa Courier is a monthly online publica on by Homer Electric Associa on, Inc.
Alaska Railbelt U li es and State of Alaska Join Forces to Address In-State Energy Security
HIDDEN ACCOUNT NUMBERS
Six Alaska u li es, including HEA, announced the forma on of a working group to assess future gas Three randomly chosen italicized supply needs and energy security in Cook Inlet. The group was formed in recogni on of the expected account numbers are hidden decline of aging Cook Inlet assets; and in conjunc on with recent discussions with Hilcorp Alaska, in the Kilowa Courier. If you find YOUR account number, call LLC, as well as the poten al impacts of recently introduced clean energy legisla on. The u li es are joined by the Alaska Department of Natural Resources, and the Alaska Energy Authority as they collec vely explore long term gas supply 54079 solu ons to meet u lity and customer demand. Read the full press release here.
235-3338 and you'll receive a $50 credit which will be reflected on your next bill. Thanks for reading!
AEA, Railbelt U li es Unveil More Than $200 Million in Transmission Upgrades Alaska Energy Authority and the Railbelt u li es announced plans to spend more than $200 million on transmission line upgrades. These enhancements will reduce line losses, increase capacity, and improve the delivery of power from the Bradley Lake Hydroelectric Project (Bradley Lake) to Railbelt consumers. These projects will be the ini al phase of some of the most significant improvements to the Railbelt electrical grid in Governor Dunleavy and Railbelt uƟlity leaders for $200 million investment. Alaska’s history. Funding for the projects is coming from payments by the five Railbelt u li es in excess of those required to re re the Bradley Lake project bonds. These projects include: • Upgrade to transmission line between Bradley Junc on and Soldotna Substa on • Upgrade to transmission line between Soldotna Substa on and Sterling Substa on • Upgrade to transmission line between Sterling Substa on and Quartz Creek Substa on • Ba ery Energy Storage Systems for Grid Stabiliza on The “Railbelt” refers to the interconnected electric grid that stretches approximately 700 miles from Fairbanks through Anchorage to the Kenai Peninsula. About 70 percent of Alaska’s popula on is served by the Railbelt electric system. Four member-owned electric coopera ves and one municipal u lity sell power 86772 to Railbelt customers. The Railbelt’s energy systems have undergone significant change since they went into service more than 40 years ago. Over this period, loads have increased, transmission assets have aged, and greenhouse gases have become an increasingly important factor. In addi on, costsaving power sales between u li es has increased, demanding more of the system, and soon, regional integrated resource planning will increase the benefits of sharing power throughout the region. The case for transmission upgrades has never been stronger. Read the full press release and a project map here
CURRENT RESIDENTIAL RATES As of May 1, 2022 All Residen al Customers Energy charge = 16.077 cents/kWh Customer charge = $20.00 System delivery charge = $24.12* (*If usage is less than 150 kWh)
Cost of Power Adjustment (COPA) 7.80 cents per kWh* (*Subject to change on a quarterly basis and upon RCA approval.)
See www.homerelectric.com for the latest residential and commercial rates.
BOARD of DIRECTORS & MANAGER Dan Furlong, President (907) 398-8174 Erin McKi rick, Vice President (907) 299-6994 Jim Duffield, Sec./Treasurer (907) 283-2203 C.O. Rudstrom, Deputy Secretary (907) 420-7124 Mike Chenault, Director (907) 398-1010 Louie Flora, Director (907) 717-9602
HOMER ELECTRIC'S JANORSCHKE NOMINATED HEA is pleased to announce that General Manager Brad Janorschke will serve on the Renewable Energy Fund Advisory Commi ee. Alaska Governor Mike Dunleavy announced Janorschke’s appointment yesterday in a press release.
Jim Levine, Director (907) 299-0323 Wayne Ogle, Director (907) 690-1308
The Renewable Energy Fund Advisory Commi ee (REFAC) works in collabora on with Alaska Energy Authority (AEA), offering consulta on and valuable guidance, policy direc on regarding the applica on and evalua on process, and final funding recommenda ons for submission of grants from the Renewable Energy Fund to the Alaska State Legislature. Read the full press release here.
Robert Wall, Director (907) 398-9191
MONTHLY FINANCIAL UPDATE
JUNE 2022 KILOWATT COURIER
Homer Electric finished the month of April 2022 with a total asset base of $263.1 million. Opera ng revenue to date was $35.2 million and total costs were $33.6 million, bringing net opera ng margins to $1.6 million through April 30, 2022. This chart is a breakdown of key financial indicators comparing April 2021 to April 2022.
Year to Date Opera ng Revenue Cost of Purchased Power Cost of Electric Service Opera ng Margins
APRIL 2021 $35.9 Million $21.8 Million $10.8 Million $3.3 Million
APRIL 2022 $35.2 Million $21.9 Million $11.7 Million $1.6 Million
Total Kilowa Hours Sold Total Number of Meters
162.7 Million kWh 35,734 Meters
152.4 Million kWh 36,085 Meters
Brad Janorschke, General Manager (907) 283-2312
Homer Electric Associa on, Inc. 3977 Lake Street Homer, AK 99603 (907) 235-8551 (800) 478-8551 280 Airport Way Kenai, AK 99611 (907) 283-5831 www.homerelectric.com