HomeMy WebLinkAboutRes 2022-02 Authorization for Executive Director to Transfer Certain Equipment in Cantwell Alaska to GVEAALASKA ENERGY AUTHORITY
RESOLUTION NO.2022-02
AUTHORIZATION FOR EXECUTIVE DIRECTOR TO TRANSFER CERTAIN
EQUIPMENT IN CANTWELL, ALASKA TO GOLDEN VALLEY ELECTRIC
ASSOCIATION
WHEREAS, the Alaska Energy Authority (Authority) is a public corporation of the State
of Alaska governed by a board of directors with the mission to "reduce the cost of energy in
Alaska;"
WHEREAS, the Authority through appropriations from the Alaska legislature for the
construction of the Alaska Intertie has purchased and owns certain equipment used for the
transmission and distribution of electricity in Cantwell, Alaska;
WHEREAS, the Authority has no plans for the use of this equipment, which is located in
an area where this equipment can be properly maintained and used by the local utility, Golden
Valley Electric Association (GVEA);
WHEREAS, the Authority has the statutory authority to convey any personal property
owned by it in furtherance of its corporate purposes pursuant to AS 44.83.080(7) and 3 AAC
105.400-.480;
WHEREAS, this equipment is now fully depreciated on the Authority's financial
statements;
WHEREAS, the Intertie Management Committee (IMC) on March 25, 2022 approved
by resolution the transfer of this equipment located in Cantwell, Alaska from the Authority to
GVEA;
WHEREAS, GVEA is willing to accept this equipment and assumes all liability,
operation, and maintenance costs; and
WHEREAS, the transfer of this equipment is in furtherance of the Authority's corporate
purposes.
NOW, THEREFORE, BE IT RESOLVED, by the Board of Directors of the Alaska
Energy Authority:
1. The Executive Director is hereby empowered to negotiate the transfer of the relevant
equipment, located in Cantwell, Alaska, to GVEA.
2. The Executive Director of the Authority is hereby authorized to take such actions as may
be necessary or convenient to carry out the purposes of this resolution in the name of and
on behalf of the Authority.
3. This Resolution shall become effective immediately upon its passage and approval.
The resolution was declared adopted on this the /I day of i.'/ 2022.
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Secretary
ALASKA ENERGY AUTHORITY
Chairman
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