The bill proposes an amendment to AS 42.05.381(e) to establish a simplified rate filing procedure specifically for public utilities in Alaska. The new language clarifies that the commission will adopt regulations for public utilities, allowing them to adjust their rates over time under this simplified procedure.

Additionally, the bill removes references to electric cooperatives and local exchange telephone utilities, focusing solely on public utilities. It stipulates that a public utility can apply for permission to adjust its rates, and the commission is required to grant this application if the utility meets the established regulatory requirements. The commission retains the authority to review the implementation of this procedure and can revoke permission or require modifications if necessary.

Statutes affected:
HB0385A, AM HB 385, introduced 04/09/2026: 42.05.381