With a major cut to the budget for next fiscal year, questions are cropping up about what’s next for the Susitna-Watana Hydroelectric Project. It was one of a number of capital projects that will lose a great deal of funding if Governor Sean Parnell’s proposed budget is passed as-is by the state legislature.
According to both Governor Parnell and the Alaska Energy Authority, over $100 million would be needed to complete the studies and prep work for a FERC license to build the dam by September of 2015. In the proposed budget, AEA will be receiving just $10 million for the Susitna-Watana project. Shortly after the budget was released on Thursday, AEA spokeswoman Emily Ford said in an email that the timeline would be reviewed and projects prioritized to keep the process moving. (more…)