HomeMy WebLinkAboutREF VI Commitment LetterINSIDE PASSAGE ELECTRIC COOPERATIVE
P.O. Box 210149, Auke Bay, AK 99821
(907)789-3196 ext 24--790-8517 FAX
September 20, 2012
Renewable Energy Fund, Round 6
Alaska Energy Authority
813 West Northern Lights Blvd.
Anchorage, AK 99503
Re: Inside Passage Electric Cooperative — Renewable Energy Fund Round 6
Grant Application — Letter of Commitment
Construction Funding Request-Gartina Falls Hydroelectric Project
Application Review Committee:
Inside Passage Electric Cooperative (IPEC) is pleased to submit the attached application for a Renewable
Energy Fund Grant for a Hydroelectric Project, an eligible renewable energy project as defined under AS
42.45.045. IPEC is authorized by the Regulatory Commission of Alaska to provide power to the
community of Hoonah under Certificate of Public Convenience and Necessity, CPC&N No. 244.
The attached Application documents and describes the request for construction funding for the proposed
hydroelectric project. The total estimated construction cost is $6,694,000 (2012). The estimated fuel
savings as a result of this project is estimated at 135,000-gallons/year. IPEC commits to this project a
Match of up to $15,000 in direct labor costs (wages and benefits), and a Match of $450,000 from the
Department of Energy that was received when granted REF Round 3 funds.
IPEC strives to keep electric costs as low a possible by maximizing operating efficiencies and reducing
operating costs. This project will provide a significant improvement toward meeting this goal, and will
greatly benefit the community of Hoonah.
IPEC welcomes the Alaska Energy Authority to implement this essential renewable energy project, and
requests the Review Committee carefully consider the merits of this application.
IPEC expects to receive a FERC License to Construct by the end of 2012. We look forward to working
with you on this project. Please feel free to contact me at (907) 789-3196, ext 24 with questions.
Sincerely y','
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Jodi Mitchell
CEO/General Manager, IPEC