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MEA Board of Directors Approves Fourth Quarter 2012 Rate Adjustment

Palmer, AK – The Matanuska Electric Association Board of Directors voted on August 13, 2012 to authorize an increase of 1.98 percent in base rates, effective the fourth quarter of 2012.

The average MEA consumer uses just over 700 kilowatt hours of electricity per month.  “These consumers can expect to see a monthly increase of about $1.44 as a result of the base rate adjustment,” said spokesperson Kevin Brown.

Under the terms of rules set by the Regulatory Commission of Alaska, MEA is allowed on a quarterly basis to file for limited increases or decreases in base rates, provided that the adjustments stay within certain financial parameters established by the RCA. The rate filing is based on the test year ending June 30, 2012 and will take effect during the first week of October 2012, pending approval by the RCA.

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