It has been suggested that if we want to know how the proposed $1 billion sale of the city’s Municipal Light & Power utility to Chugach Electric would play out we should take a peek at poweranchorage.com where we will find all the answers.
Unfortunately, we did take a look. It is a rah-rah, slick website urging voters to say yes on April 3 to approve the city’s negotiating the sale. The sale is, the website promises, a “win-win for Anchorage.”
Horse pucky. The website says Chugach is pledging that rates “will not go up to pay for the transaction” and the sale would, among other things, reduce long-term electric rates. It promises no property tax increases, no job losses at either utility and increased efficiency.