2015 Alaska Statutes
Title 44 - STATE GOVERNMENT
Chapter 44.83 - ALASKA ENERGY AUTHORITY
Article 02 - PURPOSE AND POWERS
Sec. 44.83.092 Authority for municipalities and utilities to enter into power sales contracts.
The authority and any municipality or public or private entity operating an electric utility, or a municipality or private entity and another municipality or private entity, may enter into a contract providing for or relating to the sale of electric power by the authority to the municipality or entity, or by the municipality or entity to another municipality or entity. The contract may provide
(1) that the amounts payable under the contract are operating expenses of the utility and are valid and binding obligations of the municipality or other entity payable from the gross revenues of the utility;
(2) for one or more appropriations of the amounts payable under the contract;
(3) for the municipality or other entity to assume the obligations of another contracting party in the event of a default by that party;
(4) that after completion of a project the municipality or other entity is obligated to make payments notwithstanding a suspension or reduction in the amount of the power supplied by the project; or
(5) that payments under the contract are not subject to reduction by offset or otherwise.
Disclaimer: These codes may not be the most recent version. Alaska may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
