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. 42.45.040. Southeast energy fund.
(a) The Southeast energy fund is established as a separate fund. The fund consists of (1) money appropriated to the fund by the legislature; (2) money transferred to it under former AS 42.45.050; (3) gifts, bequests, contributions from other sources, and federal money; (4) interest earned on the fund balance; and (5) investments, to be […]
Sec. 42.45.045. Renewable energy grant fund and recommendation program [See delayed repeal note].
(a) A renewable energy grant fund is established as a separate fund to finance certain energy projects in Alaska. (b) The authority shall administer the fund as a fund distinct from other funds of the authority. The fund consists of (1) money appropriated to the fund by the legislature to provide grants for certain energy […]
Sec. 42.45.065. Reimbursement for costs of power projects.
(a) Subject to appropriations for the purpose, during each fiscal year, the authority shall allocate to each entity listed in (b) of this section an amount to reimburse the cost paid by the entity during the immediately preceding fiscal year for the principal and interest on outstanding debt for the project listed. An allocation may […]
Sec. 42.45.070. Power cost equalization endowment fund established.
(a) The power cost equalization endowment fund is established as a separate fund of the authority. The fund consists of (1) legislative appropriations to the fund that are not designated for annual expenditure for the purpose of power cost equalization; (2) accumulated earnings of the fund; (3) gifts, bequests, contributions of money and other assets, […]
Sec. 42.45.080. Powers and duties of the commissioner of revenue.
(a) The commissioner of revenue is the fiduciary of the fund. In managing the fund, the commissioner shall (1) have the same powers and duties as are provided in AS 37.10.071; and (2) apply the prudent-investor rule when investing the fund; the “prudent-investor rule” as applied to investment activity of the fund means exercising the […]
Sec. 42.45.085. Use of the power cost equalization endowment fund.
(a) Five percent of the amount determined by the commissioner of revenue on July 1 of each year under AS 42.45.080(c)(1) may be appropriated for the following purposes: (1) funding the power cost equalization and rural electric capitalization fund (AS 42.45.100); (2) reimbursement to the Department of Revenue for the costs of establishing and managing […]