Homer Electric Buys Hydro Power
Peninsula Clarion by Molly Dischner. Homer Electric Association announced last week that it will buy the Bernice Lake Power Plant in Nikiski from Chugach Electric Association for $11.8 million. The purchase is conditional on the Regulatory Commission of Alaska agreeing to amortize the purchase price over several years, HEA’s Joe Gallagher said in a statement. That means that the cost of the plant would get spread out over several years, so that current members aren’t stuck with the full cost immediately.