City and Borough of Wrangell Assembly Meeting Agenda Packet May 2026
SEAPA Lands 25-Year Lease for Grid Project
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Description
The Assembly approved a 25-year ground lease with Southeast Alaska Power Authority for approximately 44 acres of Borough land to construct a solar and battery energy storage project enhancing regional grid reliability. SEAPA will pay $1 per year in base rent while investing an estimated $6 million in energy infrastructure and granting priority power benefits to Wrangell.
Contract Details
Contract Amount
$1.00 per year base rent plus project investment estimated $6,000,000
Vendor
SOUTHEAST ALASKA POWER AUTHORITY SEAPA
Agency
City of Wrangell city and, AK
Contract Type
FACILITIES
Document Date
May 12, 2026
Contract Term
May 1, 2026 – April 30, 2051 with two optional 5-year extensions
Renewal Date
2051-04-30
Renewal Info
Initial lease term is 25 years from May 1, 2026, to April 30, 2051, with up to two additional five-year extension options subject to Borough Code and mutual agreement. Rent remains $1 per year; future extensions require formal approval.
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