In a filing notice I received from the Regulatory Commission of Alaska (RCA) Dec. 29, the RCA dismissed GVEA's G&T application without prejudice. This is appropriate and means that GVEA can re-submit it. The RCA had until Jan. 2, 2007 to approve, in accordance with expeditious regs they have to rule on items. I don't see where they had much of a choice in doing what they did.
This ruling noted that GVEA informed the RCA Dec. 12 by phone that the G&T vote failed with the membership, but that the RCA staff also subsequently received a phone call from an (unnamed) officer of GVEA asking that the RCA continue to keep the docket on U06-069 open, as GVEA may wish to transfer assets to the G&T with the value under the 15% amount that requires the membership vote.
This is in contrast to what CEO Steve Haagenson told me - that if the G&T vote went down, this would be the end of it.
The Fairbanks Daily News Miner filed a report on Dec. 30 with a little more information. (link fixed) I can imagine the consternation amongst GVEA officers and attorneys trying to put out the fire.
Anybody with GVEA want to weigh in? Please do comment.
