Alaska turns down AEL&P application

    Juneau, Alaska (KINY) The Regulatory Commission on Alaska may have caused a delay in the proposed sale of AEL&P to a Canadian firm.

    The decision turned down a proposed waiver from the commission that foreign corporations have proof that they can do business in Alaska.

    The companies do plan to reapply. 

    Hydro One, acting through Olympus Equity, is in the process of acquiring ownership of Avista. As part of this process, Hydro One, through Olympus Equity, and Avista jointly filed an application for Hydro One to acquire a controlling interest in AEL&P.

    The Commission received 34 comments from the public notice that included eight comments in opposition to the motion for waiver.  Opposition to the Motion for Waiver was generally based on the ground that Hydro One is a foreign corporation.

    In reply, Hydro One, through Olympus Equity, and Avista point out that several opponents to the Motion for Waiver misunderstood that motion to be a request for permission to conduct business in Alaska without a business license. They assert that all business conducted in Alaska would be by AEL&P and Alaska Energy and Resources Company They further assert that the general opposition to the Motion for Waiver is not a reasonable basis for denial because AEL&P and AERC are currently owned by a foreign corporation,

    More from News of the North

    • Man sentenced for crab violation

      Ketchikan, Alaska (KINY) Jacob Rodriguez, 37, pled guilty and was sentenced to one year probation and $3,500 in fines.

    • Riot reported at state prison

      Seward, Alaska (KINY) A fight among inmates in the prison yard resulted in five of them being treated for minor injury, the Alaska Department of Corrections reported Thursday.

    • Legislator could be dismissed from ethics committee

      Juneau, Alaska (KINY) Freshman republican David Eastman disclosed the existence of a confidential complaint and could face censure.

    • Walker calls for partisanship to end

      Juneau, Alaska (KINY) Alaska Governor Bill Walker focused on the budget and economy but also took time to speak about education, public safety and health care during his annual state of the state address Thursday night.

    • December warmest on record in Alaska

      Anchorage, Alaska (KINY) Higher than normal temperatures are affecting rural Alaska as it makes crossing rivers dangers, takes away roads, and limits access to hunting grounds.

    • Gun deaths remain high

      Juneau, Alaska (KINY) Alaska remained the state with the highest per capita gun death rates in the nation in 2016 according to a new report from the Violence Policy Center.

    • Troopers Seeking Info on Wasilla Hit and Run

      Juneau, AK (KINY) - In Wasilla, Alaska State Troopers are asking citizens to keep an eye out for a suspect in a hit and run collision that happened on Sunday.

    • 2017 fire department calls set record in Juneau

      Juneau, Alaska (KINY) - It was another record year in 2017 for the number of calls handled by Capital City Fire Rescue.

    • Crime Line raises funds for DARE program

      Juneau, Alaska (KINY) This past summer, Juneau Crime Line / Crime Stoppers held a fun Whale Watch Fundraiser, thanks to the generous donation of the cruise from Allen Marine Tours.

    • CBJ selling three lots in Lemon Creek

      Juneau, Alaska (KINY) The City and Borough of Juneau is currently accepting sealed competitive bids for three lots that have recently come onto the market – two in the Renninger Subdivision in Lemon Creek and one in the South Lena Subdivision

    • Tougher drug penalties sought

      Juneau, Alaska (KINY) In the Governor's proposed $34 million budget for public safety are new prosecutors and troopers but also a request to impose harsher penalties for certain drug crimes.

    • Salmon initiative could be on 2018 ballot

      Anchorage, Alaska (KINY) Over 50,000 signatures were presented to the Alaska Division of Elections Office this week by the group, Yes for Salmon.

    Crude Oil Price

    Current Conditions