Hydroelectric project millions over budget

From The Associated Press, Sunday, July 4, 2010:

A Southeast Alaska hydroelectric project has come in millions over budget, but is expected to bring Juneau plenty of power for years to come.

Alaska Electric Light & Power now is trying to persuade the Regulatory Commission of Alaska to let it raise its rates.

The utility is trying to show that it deserves to collect an extra $15.8 million or more in additional revenue after finishing the project. The utility says it wants $12.6 million at first and the rest can come later.

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