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Alaska Coop to Reduce Costs With New Fuel Delivery Boats

Anchorage-based Alaska Village Electric Cooperative (AVEC) christened two sets of tugs and barges, which will help the coop cut fuel costs.  AVEC serves 54 remote villages and spends more than half of its gross revenue on diesel fuel for generation.  AVE
June 11, 2012

Anchorage-based Alaska Village Electric Cooperative (AVEC) christened two sets of tugs and barges, which will help the coop cut fuel costs.  AVEC serves 54 remote villages and spends more than half of its gross revenue on diesel fuel for generation.  AVEC entered into a long-term delivery contract with Anchorage-based Vitus Marine, LLC (Vitus), agreeing to provide upfront costs for its first sets of tugs and barges.  Under the contract, Vitus will deliver fuel to AVEC member villages, saving the coop an estimated $2.5 million over the next five years.  The National Rural Utilities Cooperative Finance Corporation has the full story in its newsletter.

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