MEA Board of Directors Approves First Quarter 2014 Rate Decrease
Palmer, AK – The Matanuska Electric Association Board of Directors voted on November 11, 2013 to authorize an decrease of 1.13 percent in base rates, effective the first quarter of 2014.
The average MEA consumer uses just under 800 kilowatt-hours of electricity per month. “These consumers can expect to see a monthly decrease of about $0.98 as a result of the base rate adjustment,” said MEA 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 September 30, 2013 and will take effect during the first week of January, 2014, pending approval by the RCA.