Power Loan Failed To Pass

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The power loan resolution will go under reconsideration by the Assembly on Tuesday. File photo, Alaska Suerstation ABC®.

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Story Created: Apr 29, 2008 at 11:53 AM AKDT

Story Updated: May 20, 2008 at 8:23 AM AKDT

Monday's assembly vote in Juneau resulted in a failure to pass a loan that would grant $3-million in emergency funds to the local electric utility. The loan, which failed by one "no" vote, was meant to spread out a huge rate hike to customers over the next 12 months.

Jonathan Anderson, a Juneau Assembly member, disliked the idea. Alaska Electric Light & Power's plan to disperse the costs in the end would raise the total cost of Juneau's energy crisis, he said.

Anderson argued that the warmer longer summer days will allow Juneau citizens to weather the three-month storm.

The Monday vote was missing two Assembly members. The resolution is scheduled to be reconsidered on Tuesday.