Washington-based Avista, which operates in five Western states, announced on Monday that it bought Juneau’s Alaska Electric Light and Power. The purchase price was reported to be $170 million, plus cash outstanding.
AEL&P was a family owned business headed by Bill Corbus, who served as Gov. Frank Murkowski’s commissioner of the Alaska Department of Revenue. He remains very active in the Juneau community, and has been extremely active in anti-capital move campaigns. His interest in keeping the capital in Juneau will likely not subside anytime soon.
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