1998 Alaska Statutes
Title 42 PUBLIC UTILITIES AND CARRIERS
Chapter 42.45. RURAL AND STATEWIDE ENERGY PROGRAMS
Sec. 42.45.100. Power cost equalization and rural electric capitalization fund.
(a) The power cost equalization and rural electric capitalization fund is established as a separate fund for the purpose of
(1) equalizing power cost per kilowatt-hour statewide at a cost close to or equal to the mean of the cost per kilowatt-hour in Anchorage, Fairbanks, and Juneau by paying money from the fund to eligible electric utilities in the state; and
(2) to make grants to eligible utilities under AS 42.45.180 to improve the performance of the utility.
(b) The fund shall be administered by the department as a fund distinct from the other funds of the department. The fund is composed of
(1) money appropriated to provide power cost equalization to eligible electric utilities and to provide grants for utility improvements; and
(2) interest earned on those appropriations.
(c) The fund is not a dedicated fund.
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