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Print article Chugach Electric Association’s $1 billion acquisition of Anchorage Municipal Light & Power has begun yielding the first savings for ratepayers, and customers should see the impact on their bills starting this month, Chugach Electric officials said. That reduction will more than reverse a bump in costs (enacted before the acquisition) that 23,000 former ML&P ratepayers saw in autumn, officials said. They have now joined about 70,000 Chugach Electric ratepayers under a single system. Rates have moved downward since the Oct. 30 ML&P acquisition, said Arthur Miller, executive vice president for regulatory and external affairs at Chugach Electric. The reduced rates went into effect on Jan. 1 and should be showing up on January bills, Miller said.

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