MEA Members To See Third Quarter Rate Decrease
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June 29, 2018

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Matanuska Electric Association’s typical member (using approximately 696 kWh of electricity) can expect to see a total decrease of about 0.54% (or $0.79/month) to their overall bill as a result of third quarter adjustments to the base and cost of power adjustment (COPA) rates, effective July 1, 2018.

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The MEA Board of Directors voted on May 14, 2018 to authorize an increase in base rates of 2.4%, which was recently approved by the Regulatory Commission of Alaska (RCA). In addition to the base rate adjustment, MEA has requested a reduction of 4.9% to the quarterly COPA rate, pending RCA approval.

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Under the terms of rules set by the RCA, MEA is allowed on a quarterly basis to file for limited increases or decreases in base rates, provided the adjustments stay within certain financial parameters established by the RCA. The COPA rate fluctuates quarterly based on current fuel and purchased power costs.

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Matanuska Electric Association, Inc., Alaska’s oldest existing and second-largest electric cooperative, is owned and operated by its over 51,000 members. MEA’s service area covers more than 4,500 miles of power lines in Southcentral Alaska.