Sec. 42.45.280. Bulk fuel loan and bulk fuel bridge loan interest rates.
(a) Except as provided under (b) and (c) of this section, interest shall be charged on a bulk fuel loan and bulk fuel bridge loan at a base rate of four percent. (b) The division may establish by regulation a program to reduce the interest rate on the second and subsequent bulk fuel loans obtained […]
Sec. 42.45.299. Definitions.
In AS 42.45.250 – 42.45.299, unless the context otherwise requires, (1) “community” means an organized municipality or an unincorporated village that is a social unit if the organized municipality or unincorporated village has a population of less than 2,000 people; (2) “division” means the division in the Department of Commerce, Community, and Economic Development that […]
Sec. 42.45.300. Joint action agencies.
Two or more public utilities may form a joint action agency for the purpose of participation in the design, construction, operation, and maintenance of a generating or transmission facility and to secure financing for carrying out the design, construction, operation, and maintenance of the facility. A joint action agency may request the Alaska Industrial Development […]
Sec. 42.45.310. Acquisition of power project.
(a) Two or more public utilities that purchase power from a power project acquired or constructed as part of the former energy program for the state and owned by the authority under AS 44.83.396 may form a joint action agency under AS 42.45.300 and under this section to purchase the power project from the authority […]
Sec. 42.45.320. Liability, indemnification, and insurance.
(a) A protected person is not individually liable for conduct performed within the scope of the person’s duties for the agency. However, the protected person may be held individually liable for conduct if it was not reasonable for the person to believe that the conduct was in, or not contrary to, the best interests of […]
Sec. 42.45.350. Licensing of water-power development projects.
(a) The Regulatory Commission of Alaska shall adopt regulations to establish a regulatory program for water-power development projects that qualify under this section. (b) The regulatory program established under this section must (1) protect the public interest, the purposes listed in (2) of this subsection, and the environment to the same extent provided by the […]
Sec. 42.45.900. Assistance to rural utilities.
(a) The authority shall provide technical assistance to rural utilities including catastrophe prevention programs and other training programs for utility projects. The authority shall provide rural utilities with the technical assistance and training that the utilities need to improve the efficiency, safety, and reliability of their power systems and to prevent emergency situations from developing. […]
Sec. 42.45.910. Relationship with private sector.
The authority shall, to the maximum extent feasible, carry out its powers and duties under this chapter by entering into contracts with appropriate entities in the private sector.
Sec. 42.45.990. Definitions.
In this chapter, unless the context otherwise requires, (1) “authority” means the Alaska Energy Authority; (2) “feasibility study” (A) means a study conducted to establish the economic and environmental practicality of completing a proposed power project; (B) includes engineering and design work to meet the requirements for submission of a license application for a proposed […]
Sec. 42.45.180. Grants for utility improvements.
(a) The authority may make a grant from the fund for an eligible utility for a small power project that will reduce the cost of generating or transmitting power to the customers of the utility. The amount of the grant may not exceed 75 percent of the cost of the project. The authority may not […]