Common Contracts
1 similar Utility Service Contract contracts
President/CEO Doyon Utilities Fairbanks, AlaskaUtility Service Contract • April 11th, 2019
The utilities privatization contract with Doyon Utilities is the largest utility privatization contract ever awarded by the US Military to date, with an initial contract value of approximately $4 billion over the 50-year term of the Utility service contract. Under the privatization contract, Doyon Utilities assumed direct ownership of twelve utility systems at three US Army bases and operate these under a 50-year utility contract, with associate utility easements. Doyon Utilities became a regulated utility in Alaska, subject to the jurisdiction of the Regulatory Commission of Alaska (RCA), at the title transfer date, and as such operates under a conventional cost-of-service rate base form of rate regulation. DU is 50/50 owned by Doyon Limited and the Corix Group of Companies.
