ML&P’s $1 billion price tag: Confidential report sheds light on deal

Last July, with Anchorage officials exploring the possible sale of the city's power utility, Municipal Light & Power, the city signed a contract with a major finance company to figure out exactly how much the utility was worth.

The result, a detailed 23-page financial analysis by Goldman Sachs, sheds new light on the city's decision to sell ML&P; to the member-owned Anchorage cooperative Chugach Electric — and the $1 billion purchase price.

The document was obtained by the Anchorage...

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