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FY2015-06 Grant Funding for the Kodiak Electric Association's Upper Hidden Basin Project 0 1 Introduced by: Borough Manager 2 Requested by: Darron Scott, KEA Drafted by: Darron Scott, KEA 3 Introduced on: 09/04/2014 4 Adopted on: 09/04/2014 5 6 KODIAK ISLAND BOROUGH 7 RESOLUTION NO. FY2015-06 8 c 9 A RESOLUTION OF THE KODIAK ISLAND BOROUGH ASSEMBLY 10 URGING THE ALASKA ENERGY AUTHORITY AND ALASKA STATE 11 LEGISLATURE TO AWARD GRANT FUNDING FOR KODIAK 12 ELECTRIC ASSOCIATION'S UPPER HIDDEN BASIN DIVERSION 13 PROJECT 14 15 WHEREAS, safe and reliable electric energy is an essential service for residents of the 16 Kodiak Island Borough; and 17 18 WHEREAS, unstable diesel fuel prices create volatile electric rates that hinder economic 19 development in the Kodiak region; and 20 21 WHEREAS, renewable energy provides a sustainable power supply and power cost ���------ 22 stability; and 23 24 WHEREAS, renewable power is crucial for the environmental health of Kodiak Island, 25 the state, and the nation; and 26 27 WHEREAS, adding hydropower resources to Terror Lake through the development of a 28 new hydropower diversion in the Upper Hidden Basin watershed will enhance the Terror 29 Lake Hydroelectric Facility's ability to meet future electrical load in Kodiak with renewable 30 power; and 31 32 WHEREAS, the Upper Hidden Basin Diversion Project is a technically and economically 33 feasible project that Kodiak Electric Association, Inc. is able to complete and operate for 34 the long-term benefit of the Kodiak community; and 35 36 WHEREAS, the final design and permitting of Kodiak Electric Association, Inc.'s Upper 37 Hidden Basin Diversion Project is in need of capital project funding; and 0. 38 39 WHEREAS, the State of Alaska is committed to supporting the development and 40 enhancement of its renewable power through the establishment of the Renewable Energy 41 Grant Fund for the benefit of all Alaskans. 42 43 44 - 45 ® Kodiak Island Borough, Alaska Resolution No. FY2015-06 Page 1 of 2 C) 46 NOW, THEREFORE, BE IT RESOLVED BY THE ASSEMBLY OF THE KODIAK ISLAND T 47 BOROUGH THAT the Alaska Energy Authority and the Alaska State Legislature are urged 48 to award a grant from the Renewable Energy Fund to Kodiak Electric Association, Inc. for 49 the final design and permitting of the Upper Hidden Basin Diversion Project. 50 51 ADOPTED BY THE ASSEMBLY OF THE KODIAK ISLAND BOROUGH 52 THIS FOURTH DAY OF SEPTEMBER, 2014 53 0 _ 54 KODIAK ISLAND IR• H �1 55 56 / / 57 `S 58 ATTEST: ,Ferrol Friend, 'orough Mayor 59 n ilkink 61 U / 62 Nova M. Javier, MMC, :orough Clerk r a Ph Kodiak Island Borough, Alaska Resolution No. FY2015-06 Page 2 of 2 �J