CLOs on the Move

Municipal Light & Power provides safe, reliable and affordable electric utility service to about 30,000 residential and commercial customers in its roughly 20-quare-mile service territory. ML&P serves commercial, university and medical customers in the Downtown and Midtown business districts, as well as industrial loads in the Ship Creek and Anchorage Port areas and residents in some of Anchorage’s oldest neighborhoods. In addition, ML&P provides bulk power to Joint Base Elmendorf-Richardson and sells electricity to other Alaska Railbelt utilities. ML&P is owned by the Municipality of Anchorage, which purchased the distribution system from the privately owned Anchorage Power & Light Co. ...

Municipal Light & Power provides safe, reliable and affordable electric utility service to about 30,000 residential and commercial customers in its roughly 20-quare-mile service territory. ML&P serves commercial, university and medical customers in the Downtown and Midtown business districts, as well as industrial loads in the Ship Creek and Anchorage Port areas and residents in some of Anchorage’s oldest neighborhoods. In addition, ML&P provides bulk power to Joint Base Elmendorf-Richardson and sells electricity to other Alaska Railbelt utilities. ML&P is owned by the Municipality of Anchorage, which purchased the distribution system from the privately owned Anchorage Power & Light Co. in 1932. ML&P is subject to the Regulatory Commission of Alaska. Since 1932, ML&P has grown to include production and transmission, as well as upgraded and expanded distribution. The utility has a one-third working interest in the Beluga River Unit gas field, making it one of the only vertically integrated natural-gas-fired utilities on the West Coast. The gas field provides ML&P with a secure and reliable source of fuel for most of its needs through 2018. About 15 percent of ML&P’s generation is from renewable hydroelectric resources, and the utility has been investing millions in upgrading its aging facility to include clean and efficient natural-gas-fired generation. ML&P is building a 120-megawatt thermal generation plant in east Anchorage. The new plant will be one of the world’s most energy efficient thermal-generation plants in the world when complete in 2016.

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