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RSS FeedsAlaska Power & Telephone Announces Cost Escalation on Hiilangaay Hydropower Project
(WorldNews Business)

 
 

17 january 2020 01:46:20

 
Alaska Power & Telephone Announces Cost Escalation on Hiilangaay Hydropower Project
(WorldNews Business)
 


PORT TOWNSEND, Wash.--(BUSINESS WIRE)--Jan 16, 2020-- Alaska Power & Telephone Company (OTC Pink:APTL) today announced that its 2019 results will include a pretax charge in the range of approximately $10.5 to $11.5 million, or $8.30 to $9.10 per share, for estimated cost increases on the Hiilangaay Hydropower Project. The project has experienced a number of construction challenges since it began in 2016. Field conditions and design changes have resulted in significant cost overruns above the original project cost...


 
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