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 […]
Sec. 42.45.190. Definition for AS 42.45.100 – 42.45.190.
In AS 42.45.100 – 42.45.190, “fund” means the power cost equalization and rural electric capitalization fund established under AS 42.45.100.
Sec. 42.45.250. Bulk fuel revolving loan fund.
(a) The bulk fuel revolving loan fund is established in the division to assist communities, utilities providing power in communities, and fuel retailers in communities in purchasing bulk fuel to generate power or supply the public with fuel for use in communities. A community, or a person generating power or selling fuel in a community […]
Sec. 42.45.260. Bulk fuel loan account; loans.
(a) The bulk fuel loan account is established as a separate account within the fund. The division may make loans from the bulk fuel loan account as provided in AS 42.45.250 – 42.45.299. (b) The division shall establish by regulation criteria under which communities or entities eligible under AS 42.45.250(a) may obtain a bulk fuel […]
Sec. 42.45.270. Bulk fuel bridge account; loans.
(a) The bulk fuel bridge loan account is established as a separate account within the fund. Subject to availability of funds in the account, the division may make bulk fuel bridge loans from the bulk fuel bridge loan account as provided in AS 42.45.250 – 42.45.299. (b) A community or person is eligible for a […]
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 […]