Difficulty securing funding from the state-operated Alaska Energy Authority appears to have been the key factor in Alaska Power and Telephone’s decision to abandon permitting for the Connelly Lake hydro project.
The scale and cost of the project – including a plan to sell excess power to cruise ships – hurt state funding opportunities, according to recent interviews with state and utility officials.
For the past two years, AP&T’s application to the AEA’s Renewable Energy…
