00                            HOUSE BILL NO. 385                                                                          
01 "An Act relating to a simplified rate filing procedure for public utilities."                                           
02 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF ALASKA:                                                                
03    * Section 1. AS 42.05.381(e) is amended to read:                                                                   
04 (e)  The commission shall adopt regulations for public [ELECTRIC                                                    
05 COOPERATIVES AND FOR LOCAL EXCHANGE TELEPHONE] utilities setting a                                                      
06 range for adjustment of rates by a simplified rate filing procedure. A public                                       
07 [COOPERATIVE OR TELEPHONE] utility may apply for permission to adjust its                                               
08 rates over a period of time under the simplified rate filing procedure regulations. The                                 
09 commission shall grant the application if the [COOPERATIVE OR TELEPHONE]                                                
10 utility satisfies the requirements of the regulations. The commission may review                                        
11 implementation of the simplified rate filing procedure at reasonable intervals and may                                  
12 revoke permission to use the procedure or require modification of the rates to correct                                  
13       an error.