00                            HOUSE BILL NO. 365                                                                          
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 42.45.110(b) is amended to read:                                                                   
04            (b)  An eligible electric utility is entitled to receive power cost equalization                             
05 (1)  for 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 a month for each resident of the community; the                                         
08 number of community residents shall be determined annually by the latest figures of                                     
09 the United States Bureau of the Census or other population data that the Department of                                  
10       Commerce, Community, and Economic Development determines is reliable; and                                         
11                 (2)  for actual consumption of not more than 750 kilowatt-hours a                                       
12       month sold to each residential customer or school.                                                            
13    * Sec. 2. AS 42.45.110(d) is amended to read:                                                                      
14            (d)  An electric utility whose customers receive power cost equalization under                               
15       AS 42.45.100 - 42.45.150 shall set out in its tariff the rates without the power cost                             

01 equalization and the amount of power cost equalization per kilowatt-hour sold. The                                      
02 rate charged to the customer shall be the difference between the two amounts. Power                                     
03 cost equalization paid under AS 42.45.100 - 42.45.150 shall be used to reduce the cost                                  
04 of all power sold to local community facilities, in the aggregate, to the extent of 70                                  
05 kilowatt-hours a [PER] month for each [PER] resident of the community, and to                                   
06 reduce the cost of the first 500 kilowatt-hours a month for each [PER] residential                                  
07       customer and school [PER MONTH].                                                                              
08    * Sec. 3. This Act takes effect July 1, 2024.