HEA rates to decrease in January

  • Sunday, December 21, 2014 8:57pm
  • News

Homer Electric Association members will likely see a rate decrease beginning Jan. 1, 2015, the electric cooperative announced in a press release Friday.

According to the release, HEA has submitted a filing with the Regulatory Commission of Alaska that lowers the Cost of Power Adjustment from $0.08194 per kilowatt hour to $0.06900 per kilowatt hour.

COPA reflects the cost of the fuel purchased by Homer Electric to generate electricity and is adjusted on a quarterly basis.

The reduction in the COPA is due in part to the use of additional low cost power that was available from the state-owned Bradley Lake hydroelectric project. During the last quarter of 2014, Bradley Lake experienced high water levels, resulting in increased power generation at the facility.

The COPA revision will lower the blended rate (COPA plus energy rate) for HEA members from $0.21974 per kilowatt hour to $0.20680 per kilowatt hour.

The new rate will mean a decrease of $8.15 per month for the average HEA member using 630 kilowatt hours a month. Pending approval from the Regulatory Commission of Alaska, the new rate will be effective for all billings as of Jan. 1.

— Staff report

More in News

A map of areas proposed for annexation by the City of Soldotna. (Provided by City of Soldotna)
Soldotna adds annexation proposal to ballot

The proposed annexation is split across five small areas around the city.

Nets are extended from North Kenai Beach in Kenai, Alaska, during the first day of the Kenai River personal use dipnet fishery on Thursday, July 10, 2025. (Jake Dye/Peninsula Clarion)
‘A really good day’

Kenai River personal use sockeye salmon dipnet fishery opens.

The entrance to the Kenai Peninsula Borough building in Soldotna is seen here on June 1. (Photo by Brian Mazurek/Peninsula Clarion)
Borough assembly to consider ordinance to increase residential property tax exemption

If approved by voters in October, the ordinance would increase the tax exemption by $25,000.

Vice President Kelly Cooper speaks during a meeting of the Kenai Peninsula Borough Assembly in Soldotna, Alaska, on Tuesday, July 8, 2025. (Jake Dye/Peninsula Clarion)
Borough considers seasonal sales tax rate

Borough sales tax would be modified from a flat 3% to a seasonal model of 4% in summer months and 2% in winter months.

The Kasilof River is seen from the Kasilof River Recreation Area, July 30, 2019, in Kasilof, Alaska. (Photo by Erin Thompson/Peninsula Clarion)
King salmon fishing on Kasilof closes Thursday

If any king salmon is caught while fishing for other species, they may not be removed from the water and must be released immediately.

Un’a, a female sea otter pup who was admitted to the Alaska SeaLife Center in June 2025, plays with an enrichment toy at the center in Seward, Alaska. Photo courtesy of the Alaska SeaLife Center
SeaLife Center admits 2 seal pups, 1 orphaned otter

The three pups join the Alaska SeaLife Center’s ‘growing’ patient list.

James Wardlow demonstrates flilleting a salmon with an ulu during a smoked salmon demonstration, part of Fish Week 2023, on Wednesday, July 19, 2023, at the Kenai National Wildlife Refuge Visitor Center in Soldotna, Alaska. (Jake Dye/Peninsula Clarion)
Refuge to celebrate all things fish during weeklong event

Fish Week will take place July 16-19.

President Zen Kelly speaks during a meeting of the Kenai Peninsula Borough School District Board of Education in Soldotna, Alaska, on Monday, July 7, 2025. (Jake Dye/Peninsula Clarion)
School board finalizes budget with deep cuts to programming, classrooms

Multiple members of the board said they were frustrated by the state’s failure to fund education.

Most Read