AVEC – Public Hearing Scheduled

Posted: December 18, 2019

PUBLIC HEARING SCHEDULED

MONDAY, JANUARY 27, 2020
10:30 a.m. – 11:30 a.m.
 4831 EAGLE STREET
ANCHORAGE ALASKA 99503

Teleconference Phone Number:
877-901-9696, Conf ID: 371-653-2009#

The AVEC Board of Directors is considering raising the monthly Customer Charge fee by approximately $5 per month for all consumers, with the exception of those in Yakutat. As all members were notified in the 2017 and 2018 Annual Reports, AVEC experienced net Operating Losses of $1,950,239 in calendar year 2017 and $1,039,678 in 2018. A net Operating Loss is also expected for the current calendar year of 2019. The proposed change in the Customer Charge will yield about $650,000 annually.

The board will be considering other actions later in the year to bring the cooperative to a position of positive Operating Margins in 2020 and beyond.

Members are invited to call in during the scheduled Public Hearing or to submit written comments to the above address.