ML&P’s proposed rate increase approved by Anchorage Assembly

Last updated at 10:10 p.m. on Tuesday, Dec. 20
The Anchorage Assembly unanimously approved proposed rate increases by Municipal Light and Power (ML&P) Tuesday night.
In its proposal to the Assembly, ML&P states the rate increases are necessary to pay for costs associated a $275 million new power plant, Plant 2A, which the Assembly approved in 2011 prior to the project’s groundbreaking in April 2014.
ML&P says in the long run, customers should expect lower rates due to the state