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CSSSSB 10(L&C): "An Act requiring a utility that provides services in a municipality with a population of more than 100,000 to have an ongoing program of placing existing overhead utility distribution lines underground; and relating to rates for recovering the cost of placing existing overhead utility distribution lines underground." 

00CS FOR SPONSOR SUBSTITUTE FOR SENATE BILL NO. 10(L&C)                                                                 
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 distribution lines underground; and relating to rates for recovering                                   
04 the cost of placing existing overhead utility distribution 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 distribution lines and that provides                                         
08 services in a municipality with a population of more than 100,000 must spend at least                                   
09 one percent of the utility's annual gross revenue from customers in that municipality                                   
10 to place existing overhead utility distribution lines in that municipality underground.                                 
11 In determining the annual gross revenue under this subsection, only revenue derived                                     
12 from the utility's distribution lines in the municipality shall be considered.                                          
13  (i)  A utility that is implementing a program to place existing overhead utility                                      
14 distribution lines located in a municipality underground may amend its rates for                                        



01 services provided to customers in the municipality to enable the utility to recover the                                 
02 full actual cost of placing the lines underground.  Notwithstanding AS 42.05.411 -                                      
03 42.05.431, an amendment to a utility's rates under this subsection is not subject to                                    
04 commission review or approval.  A utility amending its rates under this subsection                                      
05 shall notify the commission of the amendment.  This subsection applies only to an                                       
06 undergrounding program whose costs do not exceed five percent of the utility's annual                                   
07 gross revenue.