CSHB 216(FIN): "An Act relating to power cost equalization; and providing for an effective date."
00CS FOR HOUSE BILL NO. 216(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 to 10 customers of the utility under (1) of this subsection and customers that are federal 11 offices or federal facilities other than public schools. 12 * Sec. 2. AS 44.83.162(d) is amended to read: 13 (d) The amount of power cost equalization provided per kilowatt-hour under 14 (c) of this section may not exceed 95 percent of the power costs, or the average rate
01 per eligible kilowatt-hour sold, whichever is less, as determined by the commission. 02 However, 03 (1) during the state fiscal year that begins July 1, 1993,  the 04 power costs for which power cost equalization may be paid to an electric utility are 05 limited to minimum power costs of more than 9.82 [8.5] cents per kilowatt-hour and 06 less than 52.5 cents per kilowatt-hour; 07 (2) during each following state fiscal year, the power costs for which 08 power cost equalization may be paid to an electric utility shall be adjusted by the 09 commission, based on the weighted average retail residential rate in Anchorage, 10 Fairbanks, and Juneau [CONSIDERING THE RATE OF CHANGE IN FUEL COST 11 AND POWER DEMAND]; and 12 (3) the power cost equalization per kilowatt-hour may be determined 13 for a utility without historical kilowatt-hour sales data by using kilowatt hours 14 generated. 15 * Sec. 3. AS 44.83.162(e) is amended to read: 16 (e) An electric utility whose customers receive power cost equalization under 17 this section shall set out in its tariff the rates without the power cost equalization and 18 the amount of power cost equalization per kilowatt-hour sold. The rate charged to the 19 customer shall be the difference between the two amounts. Power cost equalization 20 paid under this section shall be used to reduce the cost of all power sold to local 21 community facilities, in the aggregate, to the extent of 70 kilowatt-hours per month per 22 resident of the community, and to reduce the cost of the first 700  kilowatt-hours 23 per customer per month for all other classes served by the electric utility except 24 federal offices and federal facilities other than public schools. 25 * Sec. 4. This Act takes effect July 1, 1993.