DOE ISSUES OFFER TO BUY ALASKA POWER UNIT
The U.S. Energy Department issued a
request for proposals to buy the Snettisham Hydroelectric
project, a major part of the Alaska Power Administration.
    It said invitations were sent to two Alaskan electric
utilities, the city and borough of Anchorage and the state of
Alaska.  It did not cite a possible purchase prices.
    The requests were limited to Alaskan entities because the
purpose of privatization of the administration was to put the
local utility into the hands of a local body, the DOE said.
    It added that proposals are due back by August three.
    The DOE said it then had 120 days to select a proposal that
it would recommend to Congress, which then would vote the
recommendation up or down.
    Proposals to buy the other major part of the Alaska Power
Administration, the Eklutna project, was expected to be issued
in early June, it said.
 reuter
