12 March ML&P announces decrease in COPA rate and 28% decrease in the average monthly bill due to Plant 2A March 12, 2018 By Public Relations Media Advisory 0 Get the PDF of the press release here. For Immediate Release - March, 12 2018 ML&P announces decrease in Cost of Power Adjustment rate -New, efficient generation at Plant 2A results in savings for ratepayers- ANCHORAGE—Municipal Light & Power’s 2018 second quarter filing with the Regulatory Commission of Alaska will decrease the Cost of Power Adjustment rate to $0.01024 per kWh, effective April 1, 2018 (including prior period adjustments). With this filing, ML&P’s COPA rate will be the lowest it has been since 2012. ML&P's COPA rate has declined since 2017 due to fuel cost reductions associated with highly-efficient units at Plant 2A. This decrease has resulted in 28 percent savings or $36.25 on the overall monthly bill for the average ML&P residential customer consuming 550 kWh per month. (Calculation based on second quarter 2017 average ML&P residential customer bill and second quarter 2018 average ML&P residential customer bill.) "With another decline in COPA, ML&P customers continue to benefit from our investment in new, highly efficient generation,” said ML&P General Manager Mark Johnston. “The improved efficiency results in less gas being burned to generate customer electricity and lower customer bills.” Another customer benefit is ML&P’s ability to sell excess power to other Railbelt utilities. “Plant 2A’s low production cost has significantly increased these sales,” Johnston continued. “ML&P uses the proceeds to further lower ML&P customer bills.” Savings have also been achieved through ML&P’s investment in the Beluga River gas field, which provides a secure, low-cost gas supply. The utility purchased a one-third share in the field in 1996, resulting in over $239 million in savings to ratepayers from 1996 to 2016. After the 2016 acquisition of a portion of ConocoPhillip’s share, ML&P now owns 56.67 percent of the field. ML&P’s COPA rate of $0.01024 is currently the lowest in the Railbelt. The current COPA is $0.07077 kWh for Homer Electric, $0.11227 kWh for Golden Valley Electric, $0.07961 for Matanuska Electric and $0.06776 kWh for Chugach. ### MEDIA CONTACT: Julie Harris, ML&P Public Relations Manager, (907) 263-5423 (desk), (907) 717-8681 (cell) Related RCA Issues Final Ruling on 2011 Test Year Rate Case, ML&P to Issue Partial Refund Municipal Light & Power today began issuing customers a partial rate refund with approval of the Regulatory Commission of Alaska. Refunds to existing customers will be issued in the form of a payment credit on customer accounts. The payment credit will be reflected in the August billing cycle. ML&P Power Plant Commissioning to Produce Steam Cloud ML&P Power Plant Commissioning to Produce Steam Cloud From Bean's Cafe: Quanta Services Companies Give $10,000 to Bean’s Café on Behalf of ML&P Plant 2a Project Employees To recognize worker safety, Quanta Services Companies and workforce representatives on the Municipal Light & Power Plant 2A Expansion Project issued a $10,000 check to Bean’s Café on Friday, Nov. 7 at an employee lunch. Municipal Light & Power Breaks Ground on George M. Sullivan Plant Expansion Project Municipal and electric utility officials broke ground today alongside contractors to celebrate construction of what will be one of the world's most energy-efficient, thermal generation power plants. EPA recognizes ML&P Plant 2A for energy efficiency ML&P and AWWU win EPA's 2017 WATERS Award RCA Approves Interim Rate Increase RCA Approves Interim Rate Increase Effective February 15, 2017, the RCA approved an interim and refundable rate increase, which results in about a 19% increase to the average customer’s monthly bill Comments are closed.