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Contact: Lindsey Whitt
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- Leaving a legacy of service, electric utility excellence to the Municipality of Anchorage -

ANCHORAGE, AK – October 25, 2013 – After more than a decade of service to the Municipality of Anchorage, Municipal Light & Power General Manager James M. Posey has announced plans to retire at the end of the year.

"There’s still much to do, but I’m proud of what my staff and I have accomplished," said Posey. "The men and women at ML&P are true public servants providing safe, reliable and affordable electric service to Anchorage customers every day."

"Jim has a great depth of knowledge and experience with regard to energy-related issues facing our state and our country," said Mayor Sullivan. "As General Manager of ML&P, he has overseen excellent electric service and achieved an impressive level of reliability that has been critical to the well-being and growth of Anchorage. He has served our community well for a long time and will be missed."

Prior to his appointment as general manager in 2003 by Mayor George Wuerch, Posey served three years as Director of MOA’s Cultural and Recreational Services Department.

In that position, Posey oversaw the Anchorage Museum at Rasmussen Center, the Anchorage Municipal Library System, Parks and Beautification, Sports and Recreation, and Chugiak/Eagle River Parks and Recreation.

Under Posey’s leadership, ML&P has achieved a decade of impressive reliability – providing continuous customer service 99.99 percent of the time. ML&P’s reliability is critical, considering it serves the military and the city’s core business, government, university-medical and port/industrial districts in addition to some of its oldest residential neighborhoods.

ML&P also added the newest and most efficient generation technology in Alaska during his tenure, while keeping electric rates the lowest in the Railbelt. The utility has revamped and updated much of the infrastructure that serves ML&P customers in its roughly 20-square-mile service territory. Plans to build one of the world’s most energy-efficient thermal generation plants are currently underway with expected completion in early 2016.

The 81-year-old utility, which recently received an A+ ratings in the bond market, is investing about $459 million through 2017 in new generation assets to replace an aging infrastructure last built out in the mid 1970’s and ‘80s, with some equipment still in service from the ‘50s and 60’s. Investments are also being made in the declining Beluga River Unit gas field, distribution system improvements and other capital projects.

ML&P currently operates two thermal generation plants, a hydroelectric plant and has interests in additional hydro and thermal generation projects. ML&P also owns a one-third working interest in the Beluga River gas field, making it one of the only fully vertically integrated thermal generation utilities on the West Coast.

Posey also steps down as a member of the State of Alaska Renewable Energy Fund Advisory Committee and from the boards of the American Public Power Association, Northwest Public Power Association, Alaska Power Association and the Anchorage Community Land Trust, where he has served for many years.

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