GVEA : CIRI.

AuthorAnderson, Tasha
PositionINSIDE ALASKA BUSINESS

G VEA (Golden Valley Electric Association) and CIRI (Cook Inlet Region, Inc.) jointly announced the re-start of negotiations for GVEA to purchase the wind power from CIRI's planned Fire Island Wind, Phase 2. The basic transaction involves a twenty-five-year purchase of energy that will provide an effective hedge for GVEA against the volatile cost of fossil fuel. Under an escalating price agreement the purchase cost...

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