"JEDC was asked to develop a loan program to help Juneau's most vulnerable businesses pay for sudden unanticipated increases in the price of electricity during the current electricity crisis," said Brian Holst, JEDC's executive director.
The electricity loan program will provide short-term three percent fixed-rate loans to fund 70 percent of the Cost of Power Adjustment (COPA) of for-profit businesses, including home-based businesses that were operating at the time of the avalanche. Application forms and full details are available on JEDC's website, www.jedc.org or from the Juneau Unplugged website. AEL&P will also provide small business rate payers with information about the program as a billing insert.
Application packets can be picked up at JEDC's office at 612 W. Willoughby Avenue, Suite A, or at AEL&P's office, the CBJ sales tax office, at local banks and at the Juneau Small Business Development Center (JSBDC). The JSBDC has offered free assistance to business owners who need help to complete BEL applications.
Call 463-3789 for an appointment with Jackie Stewart at the JSBDC. Businesses need not have received the rate-adjusted billing to apply for the loan, but are required to submit a written bank credit decline letter for a similar loan amount.
Resources to Remember
"Brain Power" is a new weekly segment focussed on energy conservation and assisting Juneau residents in re-taking control during the energy crisis. Submit your conservation tips and ideas to email@example.com.
After hours: (907) 586-9765
5601 Tonsgard Ct., Juneau, AK 99801
Hours: 7:30-5:30 Mon-Fri.
Alaska Energy Authority
Fax: (907) 771-3044
Toll Free: (888) 300-8534
AK Dept. of Natural Resources
Residential: United Way of Southeast Alaska
Fax: (907) 463-4649
Residential: Catholic Community Services
Comm: Juneau Economic Development Council
Fax: (907) 463-3929
--Eligibility for financial assistance varies and is determined by the above mentioned organizations
--If your electronics measure power in amps multiply the amps by 120 (volts) to get the watts. 1000 watts equals 1 kilowatt.A
Energy Crisis Coverage