After being created by the Alaska Legislature in 1976, the Alaska Energy Authority (AEA) worked throughout the 1980s to develop the state’s energy resources as a key element in diversifying Alaska’s economy.  A number of large-scale projects were constructed.

After additional legislation in 1993 and 1999, AEA’s primary role was to own existing hydroelectric projects and the Alaska Intertie.  Although AEA’s role has since expanded programmatically, it still manages and provides oversight to state-owned energy assets. 

The following is a look at AEA’s existing projects:

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Bradley Lake Hydroelectric Project

The project, which cost approximately $328 million (including reserve fund balances), went into commercial operation in 1991. Homer Electric Association under contract with AEA now operates the project. Bradley Lake serves Alaska’s Railbelt from Homer to Fairbanks as well as the Delta Junction area.

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Alaska Intertie

The 170-mile, 345kV transmission line runs between Willow and Healy. The Intertie allows Golden Valley Electric Association in Fairbanks to purchase electricity produced less expensively with lower cost energy such as natural gas and hydroelectric from the Anchorage and Kenai Peninsula utilities. Fairbanks consumers save an estimated $7 million a year. The Intertie Operating Committee oversees operations and maintenance duties.