Bill > HB153

This bill establishes a comprehensive Renewable Portfolio Standard (RPS) for electric utilities in Alaska, requiring load-serving entities to include a certain percentage of electricity generated from renewable energy resources in their portfolio by specific target dates. The bill defines renewable energy resources broadly to include solar, wind, hydropower, geothermal, and waste-to-energy systems, and creates a detailed framework for compliance, including provisions for tracking and trading renewable electricity credits. Utilities will be required to meet renewable energy percentages by certain dates (though specific percentages are left blank in the bill), with incentives for wind energy projects and distributed energy systems. The legislation introduces financial penalties for non-compliance, but also provides flexibility through waivers for circumstances outside a utility's control, such as natural disasters or transmission constraints. Utilities can meet their renewable portfolio standard through various means, including generating renewable electricity, purchasing renewable electricity credits, and implementing energy efficiency investments. The bill also includes provisions for tracking and verifying renewable electricity credits, ensuring each credit can only be used once, and establishes definitions for key terms like "renewable energy resource" and "distributed energy system". The Renewable Portfolio Standard will take effect on July 1, 2025, with a goal of promoting clean, sustainable energy production in Alaska.

Agriculture and Natural Resources

https://www.akleg.gov/basis/Bill/Detail/34?Root=HB153