Deal nearing completion

Chugach Electric now expects its purchase of ML&P to close on Oct. 30

Alan Bailey

for Petroleum News

On Aug.24 the Municipality of Anchorage and Chugach Electric Association announced that they anticipate closing the purchase of electric utility Municipal Light & Power by Chugach Electric on Oct. 30. The purchase will consolidate the two Anchorage based utilities into a single entity, with the obje....

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Lengthy process

Conditional approval in May

Finalizing the purchase