This bill aims to enhance the generation of electricity from renewable energy resources in Alaska by establishing a renewable portfolio standard and modifying existing regulations related to electric reliability organizations and public utilities. Key amendments include the requirement for integrated resource plans to include options for satisfying the renewable portfolio standard, which mandates that load-serving entities achieve 40% renewable energy by December 31, 2030, and 55% by December 31, 2035. Additionally, the bill introduces compliance incentives for load-serving entities, allowing them to meet the standard through various means, including renewable electricity credits and distributed energy systems.

The bill also outlines specific criteria for constructing large energy facilities, ensuring they do not hinder a load-serving entity's ability to meet the renewable portfolio standard. It includes provisions for noncompliance fines, exemptions, and definitions related to renewable energy resources and credits. Notably, the bill excludes certain costs from power cost equalization calculations, such as revenue from renewable electricity credits. The legislation is set to take effect on July 1, 2025, and aims to promote a more sustainable energy future for the state.

Statutes affected:
SB0149A, AM SB 149, introduced 03/28/2025: 42.05.780, 42.05.900, 42.05.785, 42.05.711, 42.05.925, 42.05.760, 42.05.905, 42.05.910, 42.05.915, 42.45.100, 42.45.150, 42.05.920, 42.05.735, 42.05.790, 42.45.110