Legislature(2021 - 2022)
2022-02-04 Senate Journal
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Full Journal pdf2022-02-04 Senate Journal Page 1726 Introduction and Reference of Senate Bills SB 179 SENATE BILL NO. 179 BY THE SENATE RULES COMMITTEE BY REQUEST OF THE GOVERNOR, entitled: "An Act relating to the establishment of a renewable portfolio standard for regulated electric utilities; and providing for an effective date." was read the first time and referred to the Labor and Commerce and Finance Committees. The following fiscal information was published today: Fiscal Note No. 1, Department of Commerce, Community, and Economic Development Governor's transmittal letter dated February 2: Dear President Micciche: Under the authority of Article III, Section 18, of the Alaska Constitution, I am transmitting a bill relating to the creation of a renewable portfolio standard for regulated electric utilities. This bill would direct regulated utilities to increase their proportion of net electricity production from renewable energy resources to meet discrete statutory targets, starting with 20 percent renewable energy resources by 2025 and 80 percent renewable energy resources by 2040. Benchmarks will be set every five years, beginning December 31, 2025, by dividing each utility’s annual net sales to customers of generation derived from renewable energy resources by the same utility’s total retail electricity sales each year. The Railbelt Reliability Council will be required to account for these production targets in their integrated resource planning. Reporting and attainment will be managed by the Regulatory Commission of Alaska, beginning with the first annual reports in 2024.