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 the conditions under which public utilities may construct large energy facilities, ensuring that such facilities do not hinder compliance with the renewable portfolio standard. It specifies definitions for terms related to renewable energy and establishes penalties for noncompliance, including fines that adjust annually based on the Consumer Price Index. Furthermore, the bill modifies the calculation of power cost equalization by excluding certain revenues, such as those from renewable electricity credits. The act is set to take effect on July 1, 2025.

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