Bill > HB307

This bill aims to: 1. Establish a Railbelt Transmission Organization to manage an open access transmission tariff for the Railbelt region's backbone transmission system, which would pool and allocate transmission costs among load-serving entities. The Regulatory Commission of Alaska would have jurisdiction over the transmission organization. 2. Expand the membership and qualifications of the Regulatory Commission of Alaska, increasing commissioner salaries, and clarifying the commission's authority. 3. Increase the regulatory cost charges paid by public utilities and pipeline carriers to fund the commission's operations and public advocacy. 4. Allow the commission to consider certain factors when determining whether a utility's rates are just and reasonable, and provide greater oversight of wholesale power agreements. 5. Modify the structure and governance of the Alaska Energy Authority, including the creation of a new board of directors. 6. Provide tax exemptions for certain new electricity generation and storage facilities. 7. Allow for longer loan terms and lower interest rates for renewable energy projects through the power project fund. Overall, the bill aims to reform utility regulation and oversight in Alaska, particularly for the Railbelt region's transmission system and renewable energy development.

Budget and Finance

Rules (H)

https://www.akleg.gov/basis/Bill/Detail/33?Root=HB307