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. 42.45.099. Definition.
In AS 42.45.070 – 42.45.099, “fund” means the power cost equalization endowment fund established in AS 42.45.070.
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 […]