00HOUSE CONCURRENT RESOLUTION NO. 10                                                                                    
01 Proposing recommendations concerning the sale of the Four Dam Pool                                                      
02 hydroelectric facilities.                                                                                               
03 BE IT RESOLVED BY THE LEGISLATURE OF THE STATE OF ALASKA:                                                              
04  WHEREAS the state acquired land and constructed four hydroelectric facilities,                                       
05 referred to as the Four Dam Pool, to provide electricity to the communities of Copper Center,                           
06 Glennallen, Ketchikan, Kodiak, Petersburg, Port Lions, Valdez, and Wrangell; and                                        
07  WHEREAS the Four Dam Pool is owned by the Alaska Energy Authority, which is                                          
08 a party to a 40-year power sales agreement with local utilities to sell the power generated by                          
09 the facilities; and                                                                                                     
10  WHEREAS, under AS 44.83.030, the directors of the Alaska Energy Authority are the                                    
11 members of the Alaska Industrial Development and Export Authority; and                                                  
12  WHEREAS the Alaska Energy Authority retains, under the power sales agreement,                                        
13 significant liabilities relating to the power projects, including responsibility for uninsured                          
14 facility failure, substandard performance, deficiencies in the reserve and replacement fund, and                        

01 loss of power sales; and                                                                                                
02  WHEREAS, during the last several years, the Alaska Energy Authority has entered                                    
03 into discussions with local utilities in the communities served by the Four Dam Pool power                              
04 projects regarding the sale of the power projects to the local utilities; and                                           
05  BE IT RESOLVED that the Alaska State Legislature respectfully requests the Alaska                                    
06 Energy Authority to divest itself of its interest in the Four Dam Pool power projects by                                
07 preparing a request for proposals for the sale of the power projects, open to the electric                              
08 utilities in the communities served by the Four Dam Pool power projects or to a consortium                              
09 of electric utilities in those communities, with terms that will assure that                                            
10   (1)  the state receives a fair market value for the power projects;                                                   
11   (2)  the power projects provide adequate power to the communities; and be it                                          
12  FURTHER RESOLVED that the Alaska State Legislature respectfully requests that                                        
13 the Alaska Energy Authority issue the request for proposals as soon as practicable.                                     
14  COPIES of this resolution shall be sent to Wilson Hughes, Chair of the Alaska                                        
15 Industrial Development and Export Authority and the Alaska Energy Authority; and to                                     
16 Ketchikan Public Utilities; Wrangell Municipal Light and Power; Petersburg Municipal Power                              
17 and Light; Copper Valley Electric Association, Inc.; and Kodiak Electric Association, Inc.