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- Alaska Statutes.
- Title 42. Public Utilities and Carriers
- Chapter 45. Rural and Statewide Energy Programs
- Section 110. Entitlement to Power Cost Equalization.
previous:
Section 100. Power Cost Equalization and Rural Electric Capitalization Fund.
next:
Section 115. Exclusion From Eligibility.
AS 42.45.110. Entitlement to Power Cost Equalization.
- (a) The costs used to calculate the amount of power cost equalization for all electric utilities eligible under AS 42.45.100
- 42.45.150 include all allowable costs, except
return on equity, used by the Regulatory Commission of Alaska to determine the revenue requirement for electric
utilities subject to rate regulation under AS 42.05. The costs
used in determining the power cost equalization per kilowatt-hour shall exclude any other type of assistance that
reduces the customer's costs of power on a kilowatt-hour basis and that is provided to the electric utility within 60
days before the commission determines the power cost equalization per kilowatt-hour of the electric utility. In
calculating power cost equalization, the commission may not consider validated costs or kilowatt-hour sales associated
with a United States Department of Defense facility.
- (b) An eligible electric utility is entitled to receive power cost equalization
- (1) for sales of power to local community facilities, calculated in the aggregate for each community served by the
electric utility, for actual consumption of not more than 70 kilowatt-hours per month for each resident of the
community; the number of community residents shall be determined under AS 29.60.020
; and
- (2) for actual consumption of not more than 500 kilowatt-hours per month sold to each residential customer.
- (c) The amount of power cost equalization provided per kilowatt-hour under subsection (b) of this section may not exceed
95 percent of the power costs, or the average rate per eligible kilowatt-hour sold, whichever is less, as determined by
the commission. However,
- (1) during the state fiscal year that began July 1, 1999, the power costs for which power cost equalization were paid to
an electric utility were limited to minimum power costs of more than 12 cents per kilowatt-hour and less than 52.5
cents per kilowatt-hour;
- (2) during each following state fiscal year, the commission shall adjust the power costs for which power cost equalization
may be paid to an electric utility based on the weighted average retail residential rate in Anchorage, Fairbanks, and
Juneau; however, the commission may not adjust the power costs under this paragraph to reduce the amount below the
lower limit set out in (1) of this subsection; and
- (3) the power cost equalization per kilowatt-hour may be determined for a utility without historical kilowatt-hour sales
data by using kilowatt-hours generated.
- (d) An electric utility whose customers receive power cost equalization under AS 42.45.100
- 42.45.150 shall set out in its tariff the rates
without the power cost equalization and the amount of power cost equalization per kilowatt-hour sold. The rate charged
to the customer shall be the difference between the two amounts. Power cost equalization paid under AS 42.45.100
- 42.45.150 shall be used to reduce the cost of all
power sold to local community facilities, in the aggregate, to the extent of 70 kilowatt-hours per month per resident
of the community, and to reduce the cost of the first 500 kilowatt-hours per residential customer per month.
- (e) The power cost equalization program shall be administered by the authority based on a determination by the commission
under (a) and (c) of this section of power cost equalization per kilowatt-hour for each eligible electric utility.
- (f) The authority may not deny an eligible electric utility power cost equalization because complete cost information is
not available. The commission shall assist an eligible electric utility that is exempt from rate regulation under AS 42.05 to provide the cost information the commission considers
necessary to comply with AS 42.45.100
- 42.45.150. Only power costs that are supportable
may be considered in calculating power cost equalization. Each electric utility is responsible for keeping records that
provide the information necessary to comply with AS 42.45.100
- 42.45.150 including records of monthly
kilowatt-hour sales or generation, monthly fuel balances, fuel purchases, and monthly utility fuel consumption.
- (g) The commission shall determine the cost of fuel for each eligible electric utility using the procedure for approving
fuel cost rate adjustments of electric utilities subject to rate regulation under AS 42.05.
- (h) Each electric utility receiving power cost equalization approved by the commission shall
- (1) report monthly to the authority within the time and in the form the authority requires; and
- (2) use operational equipment designed to meter individual utility customer power consumption and to determine and record
the utility's overall fuel consumption.
- (i) The authority shall review the report required under (h) of this section. After review and approval of the report, the
authority shall, subject to appropriation, pay to each eligible electric utility an amount equal to the power cost
equalization per kilowatt-hour determined under (a) and (c) of this section, multiplied by the number of kilowatt-hours
eligible for power cost equalization that were sold during the preceding month to all customers of the utility under
(b) of this section. Payment shall be made by the authority within 30 days after receipt from the utility of the report
required under (h) of this section. If appropriations that have been made for the purpose by July 1 of a fiscal year
are insufficient for payment in full, the amount paid to each electric utility shall be reduced on a pro rata basis. In
making the pro rata reductions required by this subsection, the authority may not consider any potential supplemental
appropriation until the appropriation has been enacted.
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