CSSB 163(FIN): "An Act relating to power cost equalization; and providing for an effective date."
00CS FOR SENATE BILL NO. 163(FIN) 01 "An Act relating to power cost equalization; and providing for an effective date." 02 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF ALASKA: 03 * Section 1. AS 44.83.162(c) is amended to read: 04 (c) An eligible electric utility is entitled to receive power cost equalization for 05 (1) sales of power to local community facilities, calculated in the 06 aggregate for each community served by the electric utility, for actual consumption of 07 not more than 70 kilowatt-hours per month for each resident of the community; and 08 (2) actual consumption of not more than 700  kilowatt-hours per 09 month sold to each customer in all classes served by the electric utility except 10 (A) [TO] customers of the utility under (1) of this subsection; 11 and 12 (B) customers that are state or federal offices or state or 13 federal facilities other than public schools. 14 * Sec. 2. AS 44.83.162(d) is amended to read:
01 (d) The amount of power cost equalization provided per kilowatt-hour under 02 (c) of this section may not exceed 95 percent of the power costs, or the average rate 03 per eligible kilowatt-hour sold, whichever is less, as determined by the commission. 04 However, 05 (1) during the state fiscal year that begins July 1, 1993,  the 06 power costs for which power cost equalization may be paid to an electric utility are 07 limited to minimum power costs of more than 9.82 [8.5] cents per kilowatt-hour and 08 less than 52.5 cents per kilowatt-hour; 09 (2) during each following state fiscal year, the power costs for which 10 power cost equalization may be paid to an electric utility shall be adjusted by the 11 commission, based on the weighted average retail residential rate in Anchorage, 12 Fairbanks, and Juneau [CONSIDERING THE RATE OF CHANGE IN FUEL COST 13 AND POWER DEMAND]; and 14 (3) the power cost equalization per kilowatt-hour may be determined 15 for a utility without historical kilowatt-hour sales data by using kilowatt hours 16 generated. 17 * Sec. 3. AS 44.83.162(e) is amended to read: 18 (e) An electric utility whose customers receive power cost equalization under 19 this section shall set out in its tariff the rates without the power cost equalization and 20 the amount of power cost equalization per kilowatt-hour sold. The rate charged to the 21 customer shall be the difference between the two amounts. Power cost equalization 22 paid under this section shall be used to reduce the cost of all power sold to local 23 community facilities, in the aggregate, to the extent of 70 kilowatt-hours per month per 24 resident of the community, and to reduce the cost of the first 700  kilowatt-hours 25 per customer per month for all other classes served by the electric utility except state 26 and federal offices and state and federal facilities other than public schools. 27 * Sec. 4. This Act takes effect July 1, 1993.