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Alaska Statutes.

Title 42. Public Utilities and Carriers

Chapter 45. Rural and Statewide Energy Programs

Section 65. Reimbursement For Costs of Power Projects.

AS 42.45.065. Reimbursement For Costs of Power Projects.

(a) Subject to appropriations for the purpose, during each fiscal year, the authority shall allocate to each entity listed in (b) of this section an amount to reimburse the cost paid by the entity during the immediately preceding fiscal year for the principal and interest on outstanding debt for the project listed. An allocation may be made to an entity only if

(1) the debt was incurred before July 1, 2005; and

(2) the power project financed with the debt proceeds is owned and operated by the entity.

(b) The authority may make an allocation to an entity under (a) of this section only for reimbursement of costs incurred for construction and renovation of the following power projects and only for reimbursement of total project costs incurred up to the following amounts:

PROJECT                                                                

Kodiak Electric Association, Inc. (Nyman Combined     $   6,000,000    

Cycle Cogeneration Plant)                                              

Cordova Electric Cooperative (Power Creek Hydropower     12,000,000    

Station)                                                               

Golden Valley Electric Association (Rock Creek line         700,000    

extension)                                                             

Copper Valley Electric Association, Inc., Valdez         10,000,000    

(cogeneration projects)                                                

The Four Dam Pool Power Agency (Southeast Intertie,      20,000,000    

Swan Lake to Tyee Lake)                                                

Metlakatla Power and Light (utility plant and capital                 

additions)                                                3,000,000    

Article 02. POWER COST EQUALIZATION ENDOWMENT FUND

Note to HTML Version:

This version of the Alaska Statutes is current through December, 2004. The Alaska Statutes were automatically converted to HTML from a plain text format. Every effort has been made to ensure their accuracy, but this can not be guaranteed. If it is critical that the precise terms of the Alaska Statutes be known, it is recommended that more formal sources be consulted. For statutes adopted after the effective date of these statutes, see, Alaska State Legislature If any errors are found, please e-mail Touch N' Go systems at E-mail. We hope you find this information useful.

Last modified 9/3/2005