00          CS FOR SPONSOR SUBSTITUTE FOR HOUSE BILL NO. 157(L&C)                                                         
01 "An Act clarifying the powers of electric cooperatives to become members of or own                                      
02 stock in other entities."                                                                                               
03 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF ALASKA:                                                                
04    * Section 1.  AS 10.25.020 is amended to read:                                                                     
05            Sec. 10.25.020.  Powers of electric cooperative.  An electric cooperative may                              
06                 (1)  generate, manufacture, purchase, acquire, accumulate, and transmit                                 
07       electric energy, and distribute, sell, supply, and dispose of electric energy to its                              
08       members, to governmental agencies and political subdivisions, and to other persons                                
09       not exceeding 10 percent of the number of its members; however, a cooperative that                                
10       acquires existing electric facilities may continue service to persons, not in excess of 40                        
11       percent of the number of its members, who are already receiving service from these                                
12       facilities without requiring them to become members, and these persons may become                                 
13       members upon the terms as may be prescribed in the bylaws;                                                        
14                 (2)  assist persons to whom electric energy is or will be supplied by the                               

01       cooperative in wiring their premises and in acquiring and installing electrical and                               
02       plumbing appliances, equipment, fixtures, and apparatus by financing them, and, in                            
03       connection with these services, wire or have wired the premises, and buy, acquire,                            
04       lease, sell, distribute, install, and repair electric and plumbing appliances, equipment,                         
05       fixtures, and apparatus;                                                                                          
06                 (3)  assist persons to whom electric energy is or will be supplied by the                               
07       cooperative in constructing, equipping, maintaining, and operating electric cold                                  
08       storage or processing plants by financing them or otherwise;                                                      
09                 (4)  operate a waste heat distribution system;                                                          
10                 (5)  operate a heating distribution system that was in existence on                                     
11       June 9, 1988;                                                                                                     
12                 (6)  provide sewer, water, or gas utility service if the cooperative has                                
13       received a certificate of convenience and necessity under AS 42.05.221 - 42.05.281                                
14       from the former Alaska Public Utilities Commission or the Regulatory Commission of                                
15       Alaska for each type of service provided;                                                                         
16                 (7)  provide direct satellite television programming services; in this                                  
17       paragraph, "direct satellite television programming services" means a video broadcast                             
18       signal that is received directly from a satellite by an end user;                                             
19                 (8)  become a member of other limited liability companies or                                        
20       corporations organized for any lawful purpose, or own stock in them.