GVEA

AcronymDefinition
GVEAGolden Valley Electric Association (Alaska)
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While GVEA supports a gas pipeline to Fairbanks, trucking LNG would lessen our dependence on high-priced oil thereby bringing energy cost relief sooner than other proposed projects.
Since the sale was finalized after four years of negotiations, GVEA crews have been busy updating systems, retrofitting, and refurbishing the plant.
When the refiner said it plans to shut down its operations earlier in 2014, GVEA was left without a source of naphtha for its North Pole Expansion Power Plant, which met over 25 percent of the total power demands for the utility last year.
Flint Hills Resources intends to stop producing refined fuels at its North Pole plant by the end of May, leaving GVEA in search of a new supplier.
GVEA placed the order with an ABB-led consortium which includes Saft AB, the battery company, which will supply a high performance nickel-cadmium storage battery made up of 13,760 energy cells in four strings.
Four of the six utilities are on board to help explore the details and possibilities: GVEA, MEA, Chugach, and Seward Electric System.
GVEA spokeswoman Corinne Bradish stated in an email Wednesday that the utility hadn t been formally notified of the FEMA funding.
It will spend another $20 million to make the plant operate, said by GVEA.
GVEA lost a main source of fuel recently when Flint Hills Resources ceased refining crude oil.
1 megawatts each at Eva Creek, near Healy, and Lynn Thompson, vice president of Power Supply for GVEA, says the utility has about a 35 percent capacity factor from it--the ratio of the farm's actual output over a period of time.
Including GVEA, UAF, and the military bases, the absence of coal as a fuel source would have a cost of $200 million or more annually," the study says.
GVEA (Golden Valley Electric Association) has taken over the Healy Clean Coal plant and plans there include spending for upgrades and emission control systems.