What else?

The Anchorage Assembly, with little fanfare the other day, moved the city closer to selling the Municipal Light and Power utility to the Church Electric Association for $999 million.

The measure, mostly housekeeping and finalization of technical elements of the sale approved by voters last year, passed 11-0.

Zachariah Hughes, of Alaska Public Media, reported the sale could be finalized by June of next year, and he said among the myriad details of the sale there was this:

“And one unexpected provision will put $15 million toward substance abuse treatment. That measure is framed as a community benefit from the sale. The funds will go towards a new entity named the Alaska Center for Treatment in public documents, though according to the mayor’s administration, the concept will need to be refined going forward.”

Huh? Who knew the sale would spin off $15 million for an Alaska Center for Treatment that “will need to be refined” in the future?

Hughes reported Municipal Attorney Rebecca Windt Pearson told the Assembly:

“This is by no means the end of the public process around that idea. The agreement here is simply that we have said $15 million dollars will go toward this idea, this project, or else it will become an offset to payments under this deal after five years.”

It is enough to make us wonder what else is in the agreement.

3 Responses to What else?

  1. Will Gay November 2, 2019 at 9:14 am

    Amazing! Substance abuse treatment at the same time they fall all over themselves to accommodate the cannibas “industry”. The $15 million facity like all government projects will cost cost overrun to $25 million. Notice nothing has been said about the recurring costs of staff and ongoing maintenance which will overshadow the initial expenditure. This “Mickey is being slipped us after the fact. Like you say more surprises are in the offing and hypocrisy is on parade.

    Reply
  2. agimarc November 3, 2019 at 7:10 am

    There’s also $36 million in transfer payments from Chugach members to ML&P customers for the next 3 years. Why are Chugach rate payers paying ML&P customers?

    Add the two numbers up, and you get $51 million, or about 5% of the total sale price. Think of it as yet another end run around the tax cap. Cheers –

    Reply
  3. M. J. D. November 3, 2019 at 8:56 pm

    Urban dictionary- Begiched
    Seams like a utility sale that never was to come to fruition was
    “BEGICHED”
    How about this one?

    Reply

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