With a 6-1 vote, the GVEA board approved a contract to Black and Veatch in the amount of $92.75 million to provide environmental controls to both of GVEA's coal fired power plants in Healy. In addition, they also approved $50,372,131 for making Healy 2 functional. It has been mothballed since 1997.
With investments of over $320 million prior to this, I believe this might be the most expensive coal fired power plant for the 50 mw it is intended to produce.
Here is the resolution. It was a last minute addition to the agenda and not included on the downloadable member book from GVEA.
