This bill amends various sections of Alaska's energy policy and funding mechanisms to emphasize the development and support of "green" energy resources. Notably, it establishes that 20% of the revenue generated from the carbon offset program will be deposited into the newly named "green energy grant fund," replacing the previous designation of "renewable" energy grant fund. The bill also introduces a broader definition of "green energy resources," which now includes nuclear energy and natural gas processed in the state, while removing references to renewable energy. Additionally, it mandates that the Alaska Energy Authority and the commission consider the state energy policy when performing their duties.

The bill further outlines the state's commitment to improving energy grid security by prioritizing local fuel sources and affordable, reliable energy options. It emphasizes the need for infrastructure development to deliver these energy sources effectively to residents. The legislation aims to create a comprehensive approach to energy efficiency, conservation, and the promotion of various energy resources, while also addressing the economic implications of energy supply and demand in Alaska. The changes take effect immediately upon enactment.

Statutes affected:
HB0312A, AM HB 312, introduced 02/18/2026: 38.95.430, 42.45.045, 37.05.142, 42.05.141, 44.99.115, 42.45.010, 42.45.085, 42.45.080, 42.45.250, 44.83.080