00SPONSOR SUBSTITUTE FOR SENATE BILL NO. 10                                                                             
01 "An Act requiring a utility that provides services in a municipality with a                                             
02 population of more than 100,000 to have an ongoing program of placing existing                                          
03 overhead utility lines underground; and relating to rates for recovering the cost                                       
04 of placing existing overhead utility lines underground."                                                                
05 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF ALASKA:                                                               
06    * Section 1.  AS 42.05.381 is amended by adding new subsections to read:                                           
07  (h)  A utility that has overhead utility lines and that provides services in a                                        
08 municipality with a population of more than 100,000 must spend at least one percent                                     
09 of the utility's annual gross income from customers in that municipality to place                                       
10 existing overhead utility lines in that municipality underground.                                                       
11  (i)  The commission shall permit a utility to establish rates for services                                            
12 provided to customers in a municipality that enable the utility to recover from                                         
13 customers in that municipality the full actual cost of placing existing overhead utility                                
14 lines in that municipality underground.  The annual recovery of revenue for an                                          

01 undergrounding program may not exceed 10 percent of a utility's annual gross income.