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. 42.45.150. Definitions for AS 42.45.100 – 42.45.150.
In AS 42.45.100 – 42.45.150, (1) “commission” means the Regulatory Commission of Alaska. (2) “community facility” means a water and sewer facility, public outdoor lighting, charitable educational facility, or community building whose operations are not paid for by the state, the federal government, or private commercial interests; (3) “eligible electric utility” or “electric utility” means […]
Sec. 42.45.160. Adjustments to power cost equalization.
(a) The commission may adjust the power cost equalization per kilowatt-hour, determined under AS 42.45.100 – 42.45.150, payable to an electric utility that is subject to rate regulation under AS 42.05 if the (1) commission has approved a fuel cost rate adjustment caused by an increase or decrease in the electric utility’s cost of fuel; […]
Sec. 42.45.170. Equalization assistance to unregulated utilities.
(a) An electric utility that is not subject to rate regulation by the Regulatory Commission of Alaska under AS 42.05 may receive power cost equalization if the utility is otherwise eligible for equalization assistance under AS 42.45.100 – 42.45.150 and if the utility (1) files with the commission financial data necessary to determine the power […]
Sec. 42.45.100. Power cost equalization and rural electric capitalization fund.
(a) The power cost equalization and rural electric capitalization fund is established as a separate fund for the purpose of (1) equalizing power cost per kilowatt-hour statewide at a cost close to or equal to the mean of the cost per kilowatt-hour in Anchorage, Fairbanks, and Juneau by paying money from the fund to eligible […]
Sec. 42.45.110. Entitlement to power cost equalization.
(a) The costs used to calculate the amount of power cost equalization for all electric utilities eligible under AS 42.45.100 – 42.45.150 include all allowable costs, except return on equity, used by the commission to determine the revenue requirement for electric utilities subject to rate regulation under AS 42.05. The costs used in determining the […]
Sec. 42.45.115. Exclusion from eligibility.
(a) Notwithstanding the definition of “eligible electric utility” in AS 42.45.150, an electric utility whose primary source of power for sale to customers is one or more of the power projects that were part of the former initial project may not be considered an eligible electric utility. (b) In this section, “former initial project” includes […]
Sec. 42.45.120. Notice to customers.
If an electric utility receives power cost equalization under AS 42.45.100 – 42.45.150, the utility shall either give to its electric service customers eligible under this program, for each period for which the payment is received, (1) the following notice: NOTICE TO CUSTOMERFor the most recent monthly reporting period under the State of Alaska’s power […]
Sec. 42.45.130. Cost minimization.
(a) In order to qualify for power cost equalization, each electric utility shall make every reasonable effort to minimize administrative, operating, and overhead costs, including using the best available technology consistent with sound utility management practices. In reviewing applications for power cost equalization, the commission may require the elimination of unnecessary operating expenses. Each eligible […]