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MEA Board Approves 2nd Quarter Rate Adjustment

Palmer - The Matanuska Electric Association Board of Directors voted on February 13 to
authorize an increase of 2.55 percent in base rates, effective the second 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 $1.81 as a result of the base rate
adjustment,” said spokesperson Cheryll Heinze.

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 December 31, 2011 and will take effect during the first week of
April 2012, pending approval by the RCA.

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