Legislature(1993 - 1994)
1993-05-07 Senate Journal
Full Journal pdf1993-05-07 Senate Journal Page 2123 SB 106 Senator Duncan called the Senate. The call was satisfied. The Senate stood at ease. President Halford called the Senate back to order at 4:55 p.m. The call of the Senate was maintained. The call was satisfied. The question being: "Shall CS FOR SENATE BILL NO. 106(FIN) be returned to second reading for the purpose of a specific amendment?" The roll was taken with the following result: CSSB 106(FIN) Return to Second for Specific Amendment YEAS: 11 NAYS: 9 EXCUSED: 0 ABSENT: 0 Yeas: Frank, Halford, Jacko, Kelly, Leman, Miller, Pearce, Phillips, Rieger, Sharp, Taylor Nays: Adams, Donley, Duncan, Ellis, Kerttula, Lincoln, Little, Salo, Zharoff and so, the bill was returned to second reading. Senators Sharp, Taylor offered Amendment No. 9 : 1993-05-07 Senate Journal Page 2124 SB 106 Page 1, line 1, through page 17, line 27: Delete all material. Insert a new title and bill sections to read: ""An Act transferring certain projects of and amending and transferring programs of the Alaska Energy Authority to the Department of Community and Regional Affairs; relating to the Alaska Energy Authority; permitting the Alaska Industrial Development and Export Authority to issue revenue bonds for certain plants or facilities for energy resources; permitting utilities to form joint action agencies; authorizing the Alaska Industrial Development and Export Authority to issue revenue bonds for power transmission interties; relating to rates for a public utility that sends or receives power over certain power transmission interties; relating to the power cost equalization and capital improvement fund; amending the purpose of the Railbelt energy fund; and providing for an effective date."" BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF ALASKA: * Section 1. FINDINGS. The legislature finds that adequate, reliable, electric service at affordable rates is a necessary ingredient of a modern society and a prosperous developing economy. The legislature further finds that at the current stage of social and economic development in the state, direct participation by the state is necessary to assist in the development of a regional electric transmission infrastructure and to assist in holding rates in high cost service areas to affordable levels. * Sec. 2. AS 37.05.520 is amended to read: Sec. 37.05.520. RAILBELT ENERGY FUND. There is established in the general fund the Railbelt energy fund. The fund consists of money appropriated to it by the legislature. The Department of Revenue shall manage the fund. Interest received on money in the fund shall be accounted for separately and may be appropriated into the fund annually. The legislature may appropriate money from 1993-05-07 Senate Journal Page 2125 SB 106 the fund for programs, projects, and other expenditures to assist in meeting Railbelt energy needs, including projects for retrofitting state-owned buildings and facilities for energy conservation. * Sec. 3. AS42.05.141(b) is amended to read: (b) The commission shall perform the duties assigned to it under AS42.45.100- 42.45.190 [AS 44.83.162]. * Sec. 4. AS 42.05.431 is amended by adding a new subsection to read: (h) When setting or reviewing rates for a public utility that sends or receives power over the power transmission interties between Fairbanks and Healy or between Anchorage and the Kenai Peninsula, the commission shall consider those costs that have not been directly assigned to other individual generating utilities by the utility responsible for the construction of the intertie to have been incurred for the system existing on the effective date of this subsection. * Sec. 5. AS 42 is amended by adding a new chapter to read: CHAPTER 45. RURAL AND STATEWIDE ENERGY PROGRAMS.