Legislature(2023 - 2024)SENATE FINANCE 532
05/12/2024 02:00 PM Senate FINANCE
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| Audio | Topic |
|---|---|
| Start | |
| HB50 | |
| HB66 | |
| HB122 | |
| SB217 | |
| HB347 | |
| HB148 | |
| HB129 | |
| HB111 | |
| Adjourn |
* first hearing in first committee of referral
+ teleconferenced
= bill was previously heard/scheduled
+ teleconferenced
= bill was previously heard/scheduled
| + | TELECONFERENCED | ||
| += | HB 66 | TELECONFERENCED | |
| += | HB 50 | TELECONFERENCED | |
| += | SB 217 | TELECONFERENCED | |
| += | HB 122 | TELECONFERENCED | |
| += | HB 148 | TELECONFERENCED | |
| += | HB 111 | TELECONFERENCED | |
| += | HB 347 | TELECONFERENCED | |
| += | HB 129 | TELECONFERENCED | |
| += | HB 202 | TELECONFERENCED | |
SENATE BILL NO. 217
"An Act relating to the taxation of independent power
producers; and increasing the efficiency of integrated
transmission system charges and use for the benefit of
ratepayers."
Senator Olson noted that the committee would continue with
the amendment process for bill version D of SB 217.
2:53:19 PM
Co-Chair Olson MOVED to ADOPT AMENDMENT 4 (copy on file).
Senator Olson OBJECTED for the purpose of discussion.
2:53:27 PM
KEN ALPER, STAFF, SENATOR DONNY OLSON, explained that the
amendment was technical in nature and did not substantively
change the bill.
2:54:02 PM
There being no further OBJECTION Amendment 4 was ADOPTED.
Co-Chair Hoffman MOVED to ADOPT Amendment 5 (copy on file).
Co-Chair Olson OBJECTED for the purpose of discussion.
Co-Chair Hoffman explained amendment 5. He noted that the
change would remove the disincentives under PCE for smaller
municipalities to incur debt for renewable energy projects.
The amendment gave direction to AEA to provide a more
affordable interest rate for a power project loan if
warranted.
2:55:21 PM
GARY HENNIGH, CITY ADMINISTRATOR, CITY OF KING COVE, KING
COVE, ALASKA (via teleconference), said that the amendment
would result in the annual savings of $40,000 annually for
King Cove, which would then be parlayed into residential
rate reductions. He added that the amendment would lower
kilowatt costs for resident of King Cove.
2:56:10 PM
Co-Chair Stedman asked Mr. Hennigh to elaborate on an
instance where a community that used PCE had installed
renewable energy infrastructure and it had not resulted in
any savings for the community.
Mr. Hennigh explained that in 2018, a second hydro plant
was brough online in King Cove, which had resulted in the
community not receiving a PCE subsidy. He said that in the
process of the annual reporting, credit had not added up to
the $300,000 of fuel taken out of the equation by use of
hydropower, which disqualified King Cove for the PCE
credit.
Co-Chair Olson removed his OBJECTION to Amendment 5.
There being no further OBJECTION Amendment 5 was ADOPTED.
2:58:01 PM
AT EASE
2:59:40 PM
RECONVENED
Co-Chair Olson announced that Amendment 6 (copy on file)
would not be offered.
Co-Chair Olson MOVED Amendment 7 (copy on file).
2:59:41 PM
Mr. Alper spoke to Amendment 7, which dealt with the tax
status of independent power producers.
Co-Chair Olson removed his OBJECTION to Amendment 7. There
being no further OBJECTION Amendment 7 was ADOPTED.
Senator Bishop moved Amendment 8 (copy on file).
Co-Chair Olson OBJECTED for the purpose of discussion.
3:00:44 PM
Senator Bishop explained that Amendment 8 would ensure that
the Regulatory Commission of Alaska had the best qualified
staff to make the best decisions for ratepayers in Alaska.
3:01:32 PM
Co-Chair Olson removed his OBJECTION to Amendment 8. There
being no further OBJECTION Amendment 8 was ADOPTED.
SB 217 was heard and HELD in Committee for further
consideration.
3:01:45 PM
AT EASE
3:02:37 PM
RECONVENED
3:02:47 PM
RECESS TO THE CALL OF THE CHAIR
5:00:18 PM
RECONVENED