Bill > SB101

This bill establishes a renewable portfolio standard that requires certain electric utilities in Alaska to derive increasing percentages of their net electricity sales from renewable energy resources by specified deadlines. The bill also defines terms related to the renewable portfolio standard, such as "renewable energy resource" and "renewable energy credit." It allows load-serving entities to satisfy the standard through energy produced by distributed energy systems, and it requires utilities to offer net metering to customers with distributed energy systems. The bill also outlines provisions for reporting, noncompliance fines, exemptions, and the treatment of renewable energy credits. Additionally, the bill makes amendments related to the Alaska Energy Authority's responsibilities and the state's power cost equalization program.