HomeMy WebLinkAbout2026.03.01 FY2025 PCE Statistical Report by Utility (Final)STATISTICAL REPORT
of the
POWER COST EQUALIZATION
PROGRAM
Fiscal Year 2025
July 1, 2024 - June 30, 2025
37th Edition
March 2026
State of Alaska Michael J. Dunleavy, Governor
Alaska Energy Authority
813 W Northern Lights Blvd, Anchorage, AK 99503 Phone: (907) 771-3000 Fax: (907) 771-3044 Email: info@akenergyauthority.org
REDUCING THE COST OF ENERGY IN ALASKA AKENERGYAUTHORITY.ORG
RGYAUTHORITY.ORG
March 1, 2026
Dear Fellow Alaskan,
Each year, the Alaska Energy Authority (AEA) provides its Power Cost Equalization (PCE)
Statistical Report by Utility, detailing PCE program operations over the preceding 12 months.
The enclosed report covers fiscal year 2025 (July 1, 2024-June 30, 2025).
Established in 1984, the PCE program provides essential economic assistance to rural Alaskans
by helping offset the high cost of electricity in remote communities. AEA administers the
program in coordination with the Regulatory Commission of Alaska (RCA), serving more than
81,000 residents in 188 remote communities statewide.
The PCE program reduces electric rates for eligible rural consumers to levels comparable to
those paid in Anchorage, Fairbanks, and Juneau. Participating utilities receive reimbursement for
credits applied to eligible residential and community facility customers. Residential customers
may receive PCE credit for up to 750-kilowatt hours (kWhs) per month. Community facilities may
receive credit for up to 70 kWhs per month multiplied by the community population, as
determined by the Alaska Department of Commerce, Community, and Economic Development.
Utilities submit monthly reports, customer ledgers, and invoices to support reimbursement. AEA
carefully reviews each submission for accuracy and compliance before issuing payments based
on rates calculated by the RCA. This oversight reflects AEA’s commitment to responsible
stewardship and program integrity.
In the fiscal year 2025, endowment earnings supported payments at 100 percent, resulting in
approximately $46 million in program disbursements to participating utilities.
This report is available on AEA’s website at akenergyauthority.org/pce. Additional copies may be
requested by emailing pce@akenergyauthority.org.
Regards,
Curtis W. Thayer
Executive Director
Attachment: FY2025 PCE Statistical Report by Utility
TABLE OF CONTENTS
Map of Participating Utilities/Communities ....................................4
List of Participating Utilities/Communities .....................................5
Program Highlights ........................................................................6
Fiscal Year 2024 vs. 2025 .............................................................7
Fiscal Year 2025 Statistics ...................................................... 8-27
Historical Trends, Fiscal Years 2016 - 2025 .............................. 28
The Alaska Energy Authority (AEA) complies with Title II of the Americans with Disabilities Act of 1990. This publication is available
in alternative communications formats upon request. Please contact the Authority at (907) 771-3000 to make any necessary
arrangements.
Data for the Power Cost Equalization Annual Statistics is primarily based on information submitted by the utility. Changes to the
reported data and/or significant anomalies have been noted in the notes column.
Data for prior fiscal years does not include data collected after the publication of the PCE Statistical Report for that fiscal year. Data
for this fiscal year reflects monthly PCE reports that have been processed prior to publication.
This publication reporting on the statistics and operations of the PCE program as administered by the Alaska Energy Authority is
submitted in accordance with Alaska Statute (AS) 44.83.940. AEA printed 50 copies of this report in Anchorage, Alaska for $7.65
per copy. Design and production by AEA. Printed by Service Business Printing
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Akhiok / Kaguyak Electric Atka, City of Napakiak Ircinraq
Akiachak Native Community Atmautluak Joint Utilities Napaskiak Electric Utility
Akiak Buckland, City of Naterkaq Light Plant
Akutan Electric Utility Chenega IRA Village Council Chefornak*
Alaska Power Company Chignik, City of Nelson Lagoon Electrical Cooperative
Allakaket / Alatna Hydaburg Chignik Lagoon Power Utility New Koliganek Village Council
Bettles / Evansville Klawock Chignik Lake Electric Koliganek*
Chistochina Mentasta Chitina Electric Inc.Nikolai, City of
Coffman Cove Naukati Circle Electric Utility Nome Joint Utility System
Craig Northway / Northway Village Clarks Point Village Council North Slope Borough
Dot Lake / Dot Lake Village Skagway Cordova Electric Co-op Anaktuvuk Pass
Eagle / Eagle Village Slana Diomede Joint Utilities Atqasuk Point Hope
Gustavus Tetlin Egegik Light and Power Kaktovik Point Lay
Haines / Covenant Life Thorne Bay / Kassan Elfin Cove Utility Commission Nuiqsut Wainwright
Healy Tok / Tanacross False Pass, City of Nunam Iqua Electric Company
Hollis Whale Pass Galena, City of Nushagak Electric Cooperative
Alaska Village Electric Cooperative G & K Inc.Aleknagik / Dillingham*
Alakanuk Nightmute Cold Bay*Ouzinkie, City of
Ambler Noatak Gold Country Energy Pedro Bay Village Council
Anvik Noorvik Central*Pelican, City of
Bethel / Oscarville Nulato Golovin Power Utilities Pilot Point Electrical
Brevig Mission Nunapitchuk Gwitchyaa Zhee Utilities Port Heiden Utilities
Chevak Old Harbor Fort Yukon*Puvurnaq Power Company
Eek Pilot Station Hughes Power & Light Kongiganak*
Ekwok Pitka's Point Igiugig Electric Company Rampart Village Council Electric
Elim Quinhagak I-N-N Electric Cooperative Ruby, City of
Emmonak Russian Mission Iliamna / Newhalen / Nondalton St. George, City of
Gambell Savoonga Inside Passage Electric Cooperative St. Paul Municipal Electric
Goodnews Bay Scammon Bay Angoon Kake Takotna Community Assoc. Inc.
Grayling Selawik Chilkat Valley/Klukwan Tanalian Electric Cooperative
Holy Cross Shageluk Hoonah Port Alsworth*
Hooper Bay Shaktoolik Ipnatchiaq Electric Company Tanana Power Company Inc.
Huslia Shishmaref Deering*Tatitlek Village IRA Council
Kaltag Shungnak Kipnuk Light Plant TDX Adak Generating LLC
Kasigluk St. Mary's / Andreafsky Kokhanok Village Council TDX Corporation
Kiana St. Michael Kotzebue Electric Association Sand Point*
Kivalina Stebbins Koyukuk, City of TDX Manley Generating LLC
Kobuk Teller Kwethluk Incorporated Tenakee Springs, City of
Kotlik Togiak Kwigillingok IRA Council Tuntutuliak Community Service Assoc.
Koyuk Toksook Bay Levelock Electrical Coop Umnak Power Company
Lower Kalskag Tununak Lime Village Electric Utility Nikolski*
Marshall Twin Hills Manokotak Power Company Unalakleet Valley Electrical Cooperative
Mekoryuk Upper Kalskag McGrath Light & Power Unalaska, City of
Minto Wales Middle Kuskokwim Electric Ungusrag Power Company
Mt. Village Yakutat Chuathbaluk Sleetmute Newtok*
New Stuyahok Crooked Creek Stony River Venetie Village Electric
Alutiiq Power Company Red Devil White Mountain, City of
Karluk Naknek Electric
Aniak Light & Power Company King Salmon
Arctic Village Council Naknek / South Naknek
*Single community name differs from utility name
FY25 PCE Program Participating Utilities
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HIGHLIGHTS OF THE POWER COST EQUALIZATION PROGRAM
Eligibility
Utility
An electric utility participating in the Power Cost Equalization Program (PCE) must:
a) provide electric service to the public for compensation; b) during calendar year 1983, had
less than 7,500 megawatt hours of residential consumption or less than 15,000 megawatt
hours if two or more communities were served; and c) during calendar year 1984, the utility
has used diesel-fired generators to produce more than 75% of its electrical consumption.
Customers
Customer eligibility is based on actual power purchased. State and federal offices/facilities,
commercial customers and public schools are excluded from PCE. Residential customers
are eligible for PCE credit up to 750 kilowatt-hours (kWh/s) per month. Community facilities,
as a group, can receive PCE credit for up to 70 kilowatt-hours per month multiplied by the
number of residents in a community.
Formula Used to determine PCE level/kWh for a utility:
Formula: 95% of the eligible costs per kWh between
19.92 cents/kWh, “the base rate”
and $1.00/kWh, “the ceiling”.
Costs below 19.92 cents/kWh and above $1.00/kWh are not eligible for PCE.
If the eligible costs are $1.00/kWh or more, the maximum PCE level is 76.08 cents/kWh.
($1.00 – 19.92 cents = 80.08 cents x 95% = 76.08 cents).
A participating utility must meet generation efficiency and line loss standards; otherwise, the
PCE level is reduced to reflect those standards.
Process
The Regulatory Commission of Alaska (RCA)
RCA determines the PCE level per kWh for each utility. Two categories of costs are used in
determining the PCE level: a) fuel expenses: the cost of fuel, including transportation of fuel;
and b) non-fuel expenses: salaries, insurance, taxes, power plant parts and supplies,
interest and other reasonable costs.
The Alaska Energy Authority (AEA)
Eligible utilities submit monthly reports to AEA that document the eligible power sold and
PCE credits applied to eligible customers’ bills. AEA calculates the amount of PCE monthly
and issues payment to the utility. AEA verifies the eligibility of customers and of community
facilities. In addition, AEA calculates the required pro-rated PCE levels based on available
funds.
Authority
PCE is governed by Alaska Statutes 42.45.110-170, and by the Alaska Administrative Code
3 AAC 107.200-270 and 3 AAC 52.600-690.
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FISCAL YEAR
2024
See (8)
FISCAL YEAR
2025
% Change
2024-2025%
See (5)
PARTICIPATION STATISTICS
Population Served 80,809 80,337 -0.6%
Communities Served 187 186 -0.5%
Participating Utilities 82 81 -1.2%
Total Residential Customers (2)27,947 27,983 0.1%
Total Community Facility Customers (2)1,936 1,936 0.0%
Total Customer (Residential & Community Facilities) (1) (2)29,883 29,919 0.1%
PRODUCTION STATISTICS
Total Diesel Generation (kWh)404,399,549 404,152,403 -0.1%
Total "Other" (Hydro/Wind/Solar/Natural Gas) Generation (kWh)61,016,685 46,312,949 -24.1%
Total Purchased Power (kWh)59,029,356 59,378,131 0.6%
Total kWh Sold (All Customers) (7)470,276,352 459,290,484 -2.3%
PCE Eligible Residential kWh 114,254,070 112,004,169 -2.0%
PCE Eligible Community kWh 36,594,327 36,468,120 -0.3%
Total PCE Eligible - Community Facilities & Residential 150,848,397 148,472,289 -1.6%
Total PCE Eligible kWh Shown as Percent of Total kWh Sold 32.1%32.3%0.8%
Average Monthly PCE Eligible kWh - Residential Customers (3)341 334 -2.1%
Average Monthly PCE Eligible kWh - Community Facilities (3)1,575 1,570 -0.3%
Average Monthly PCE Eligible kWh - Community Facilities / Per Resident (3)38 38 0.2%
FINANCIAL STATISTICS
Average Price of Fuel Oil ($/gallon)4.2280 4.3070 1.9%
Total Fuel Oil Consumed (gallons)28,641,210 27,563,347 -3.8%
Total Cost of Fuel Oil Purchased by the Utilities ($)121,094,201 118,715,283 -2.0%
Total Non-Fuel Expenses ($) (5)106,556,039 109,199,797 2.5%
Non-Fuel Expenses per Total kWh Sold ($) (5)0.2266 0.2378 4.9%
Total Operating Costs per kWh ($) Sold (4)0.4841 0.4962 2.5%
PCE Legislative Funding Appropriations for Utility Payments 47,694,800 47,694,800 0.0%
Total Monthly Reports/PCE Reimbursements to Utilities Processed (6)45,218,690 46,896,190 3.7%
(4) "Operating" costs include both fuel and non-fuel expenses.
(5) Net change between years is partially attributable to incomplete reporting by utilties.
(6) During FY25 and FY24 PCE payments were made at a 100% level for all 12 months
(7) Value reduced by $655,523 in FY25 and $824,060 in FY24 to eliminate double counting of kWh's
where power is sold/purchased between utilities participating in the PCE Program.(8) Data restated. Changes from prior published data due to updated data after report production.
POWER COST EQUALIZATION PROGRAM STATISTICS
(1) Assumes all customers were eligible to receive PCE credit.
(2) Total Customers represents the number of customers reported by the utility for the last reported month.
(3) Calculation assumes all residential and community facility customers were eligible to receive twelve (12) months of PCE credit.
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Non-fuel expenses not reported
Non-fuel expenses not reported
Non-fuel expenses not reported
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2016*2017*2018*2019*2020*2021*2022*2023*2024*2025
PARTICIPATION
Participating Utilities 88 89 89 88 86 86 83 82 82 81
Communities Served 191 194 194 193 191 191 188 188 187 186
Population Served 82,986 83,850 83,400 81,997 81,694 81,160 79,808 81,996 80,809 80,337
PCE ELIGIBLE CUSTOMERS
Residential 28,035 27,857 28,365 28,338 28,158 27,923 27,961 28,128 27,947 27,983
Community Facilities 2,056 2,067 2,090 2,069 1,984 1,969 1,939 1,973 1,936 1,936
Total PCE Eligible Customers 30,091 29,924 30,455 30,407 30,142 29,892 29,900 30,101 29,883 29,919
FUNDING
Appropriations for Utility Payments($)$41,000,000 $40,000,000 $32,000,000 $32,000,000 $32,000,000 $29,500,000 $32,000,000 $47,694,800 $47,694,800 $47,694,800
Disbursements to Utilities ($)$31,042,569 $26,099,807 $26,182,235 $28,357,347 $29,006,012 $23,625,029 $27,361,377 $41,584,697 $45,218,690 $46,896,190
Disbursements/Customer ($)$1,032 $872 $860 $933 $962 $790 $915 $1,382 $1,513 $1,567
Funding Level 100%100%100%100%100%100%100%100%100%100%
CONSUMPTION
Total MWh Sold (MWh)446,735 462,081 458,092 453,598 455,730 440,607 460,572 460,821 470,276 459,290
PCE Eligible MWh Residential 94,816 97,751 96,597 95,606 96,544 97,510 97,417 113,680 114,254 112,004
Avg. PCE Eligible kWh/Month/Residential Customer 282 292 284 281 286 291 290 337 341 334
PCE Eligible MWh Community Facilities 34,357 35,747 34,929 34,191 34,946 34,554 35,544 35,647 36,594 36,468
Elig. kWh/Month/Capita, Community Facilities 34.5 35.5 34.9 34.7 35.6 35.5 37.1 36.2 37.7 37.8
Total PCE Eligible MWh 129,173 133,498 131,526 129,797 131,490 132,063 132,961 149,326 150,848 148,472
Eligible kWh/Month/Cust, Total Customers 358 372 360 356 364 368 371 413 421 414
COSTS
Average Price of Fuel Oil ($/gallon)$3.24 $2.66 $2.67 $3.06 $3.07 $2.63 $3.02 $4.02 $4.23 $4.31
Total Gallons of Fuel Oil Consumed 26,865,206 28,838,704 28,446,814 28,425,146 28,199,707 27,783,263 28,682,394 27,248,271 28,641,210 27,563,347
Total Cost of Fuel Oil ($)$87,102,302 $76,759,457 $76,057,479 $86,989,310 $86,638,172 $73,101,431 $86,644,095 $109,631,453 $121,094,201 $118,715,283
Total Non-Fuel Costs ($)$82,964,017 $85,141,895 $92,077,547 $85,813,619 $87,853,342 $81,592,866 $93,982,810 $108,780,039 $106,556,039 $109,199,797
FINANCIAL RATIOS
Non-Fuel Costs Per Total kWh Sold $0.1857 $0.1843 $0.2010 $0.1892 $0.1928 $0.1852 $0.2041 $0.2361 $0.2266 $0.2378
Total Operating Costs Per Total kWh Sold $0.3807 $0.3504 $0.3670 $0.3810 $0.3829 $0.3511 $0.3922 $0.4740 $0.4841 $0.4962
RATES
Avg. PCE per Eligible kWh Res. & Comm Facility ($/kWh)$0.2403 $0.1955 $0.1991 $0.2185 $0.2206 $0.1789 $0.2058 $0.2785 $0.2998 $0.3159
Weighted Avg. Residential Rate (Before PCE Paid)$0.4541 $0.4270 $0.4378 $0.4628 $0.4633 $0.4412 $0.4674 $0.5528 $0.5640 $0.5650
Weighted Avg. Residential PCE Rate (Amount PCE pays)$0.2432 $0.1983 $0.2010 $0.2191 $0.2226 $0.1821 $0.2101 $0.2776 $0.3011 $0.3182
Weighted Avg. Residential Effective Rate (1)$0.2108 $0.2288 $0.2368 $0.2437 $0.2407 $0.2591 $0.2572 $0.2752 $0.2629 $0.2468
POWER COST EQUALIZATION PROGRAM
HISTORICAL TRENDS
Fiscal Years 2016 - 2025
*Data maybe different from prior reports due to updated data after publishing those reports
(1) Amount customers pay for first 750 kWh/month28 of 28