Comment Period for Dockets U-19-102 and U-19-103.
In the Matter of the Petition filed by Anchorage Water and Wastewater Utility for
Authorization to Create a Deferred Regulatory Asset for the Recovery of Costs
from Earthquake Damage.
The Municipality of Anchorage d/b/a Anchorage Water and Wastewater Utility
(AWWU) on behalf of Anchorage Water Utility (AWU) and Anchorage Sewer
Utility (ASU) filed a Petition to Create Regulatory Assets for Recovery of Costs
from Earthquake Damage. AWWU proposes to record the extraordinary
earthquake expenses as a deferred asset pending partial or full reimbursement
from the Federal Emergency Management Agency (FEMA) and the State of
Alaska (State). AWWU is not seeking any increase in rates at this time nor is it
seeking a ruling on whether the amortization of the net amount will be
recoverable in rates. Those issues will be addressed in AWU's and ASU's next
rate cases.
According to its filing, the total earthquake related expense recorded
for AWWU in 2018 was $1,485,707 for AWU and $203,954 for ASU. The 2019
total earthquake expense recorded through October 2019 is $879,070 for AWU
and $2,678,218 for ASU. The total amount of $5,246,949 is pending recovery of
some or all of the costs from FEMA and the State.
Date Issued: 1/3/2020