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HEA to buy Bernice Lake plant

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Homer Electric Association announced last week that it will buy the Bernice Lake Power Plant in Nikiski from Chugach Electric Association for $11.8 million.

The purchase is conditional on the Regulatory Commission of Alaska agreeing to amortize the purchase price over several years, HEA’s Joe Gallagher said in a statement. That means that the cost of the plant would get spread out over several years, so that current members aren’t stuck with the full cost immediately.

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