This bill seeks to improve energy efficiency and diversify energy sources in Alaska, setting ambitious targets for the years 2026 to 2036. It aims for a 15% increase in energy efficiency per capita and for 40% of electric generation to come from diversified energy resources by 2036. A key feature of the bill is the introduction of a diversified portfolio standard, which requires load-serving entities to include a specified percentage of electricity from diversified energy resources. The bill also emphasizes maintaining a reliable in-state gas supply and aims to reduce electricity costs to the national average by 2040.

Additionally, the bill amends various sections of Alaska's energy and environmental regulations, including a new timeline for grant application reports due by November 15 each year and the establishment of term limits for the advisory committee chair. It updates the state energy policy to prioritize affordable energy prices while promoting renewable resources, including geologic hydrogen, and encourages local energy production for export. The bill also aims to streamline regulatory processes and enhance collaboration with federal agencies to achieve its energy goals, with changes set to take effect on July 1, 2026.

Statutes affected:
HB0369A, AM HB 369, introduced 02/23/2026: 42.45.010, 42.05.900, 42.05.381, 42.05.925, 42.05.431, 42.05.760, 42.05.780, 42.05.785, 42.05.711, 42.05.905, 42.05.910, 42.05.915, 42.05.920, 42.05.735, 42.05.790, 42.45.045, 44.46.020, 46.03.010, 44.46.025, 37.10.050, 37.10.056, 37.10.058, 46.14.400, 46.14.510, 46.03.720, 46.03.100, U.S.C, 46.03.020, 46.03.320, 44.99.115