ALASKA ENERGY AUTHORITY (AEA)
Plan of Financing and Tax-Exempt Bonds Issuance
Public Hearing

NOTICE IS HEREBY GIVEN that a public hearing will be conducted by an authorized officer of the Alaska Energy Authority (the “Authority”) on Tuesday, November 17, 2026, at 2:00 p.m. Alaska time at the office of the Authority, 813 W Northern Lights Boulevard, Anchorage Alaska 99503.

Members of the public may join the meeting in person, or to participate by phone dial (907) 621-6701, and when prompted enter Code 250 656 873#.

The purpose of the hearing is to provide public comments on  the Authority’s proposed plan of financing including the issuance of the Authority of tax-exempt bonds, notes and other obligations, including without limitation revenue bonds, subordinate revenue bonds, commercial paper notes and revenue refunding bonds, all in an aggregate principal amount not to exceed $170,000,000 (collectively, the “Bonds”) to be issued as exempt facility bonds for local furnishing of electric energy in accordance with Section 142(f)(8) of the Internal Revenue Code of 1986 (the “Code”) for the purposes of financing or refinancing the Bradley Lake Expansion Project, which will include (a) a diversion dam and intake structure at Dixon Glacier, (b) a tunnel conveying water from the Martin River to Bradley Lake, (c) modifications to the existing Bradley Lake dam and (d) a new road for construction access to the tunnel outlet (the “Project”)  .  The Project will be owned and operated by the Authority and is located near the head of Kachemak Bay, about 27 miles east-northeast of Homer, Alaska. The project is a remote site and lacks connection to the state road system, only accessible by aircraft or boat. The existing Bradley Lake dam is located at 59.7553° North /150.8558° West. The Bradley Lake Expansion will construct the Dixon Diversion dam 59.6932° North / 150.9180° West near the terminus of the Dixon Glacier, approximately 5.9 miles south of the existing Bradley Lake Project powerhouse.

The Governor of the State of Alaska as the applicable elected representative of the governmental unit having jurisdiction over the Authority and having jurisdiction over the area in which the Project is located, will consider approving the issuance of the Bonds by the Authority.

The principal of and interest on the Bonds will not constitute a debt or liability or constitute a pledge or loan of the faith and credit of the State.  The Authority is obligated to pay the principal of and interest on the Bonds only from revenues and funds pledged to the payment of the Bonds and the State is not obligated to pay such principal or interest and neither the faith and credit nor the taxing power of the State is pledged thereto.

The purpose of the public hearing is to provide a reasonable opportunity for members of the public to express their views, orally or in writing, regarding the issuance of the Bonds and the uses and purposes of the proceeds of the Bonds.  The hearing will be conducted in a manner that provides a reasonable opportunity for persons with differing views to be heard on the question of the issuance of the Bonds.  Written comments may be delivered at the public hearing or mailed to the Authority at the address indicated above.  Please contact Mark Billingsley of the Authority at (907) 771-3004 for additional information.

This notice is published pursuant to the public approval requirements of Section 147(f) of the Code and the regulations and rulings issued thereunder.

The Sate of Alaska (AEA) complies with Title II of the Americans with Disabilities Act of 1990. Disabled persons requiring special modifications should contact AEA at (907) 771-3004.