Bill Summary – FastDemocracy

State of Alaska
                                                           Fiscal Note
                                                                                            Bill Version:                   CSHB 374(ENE)
 2018 Legislative Session
                                                                                            Fiscal Note Number:             1
                                                                                            (H) Publish Date:               3/9/2018
 Identifier:       HB374-DCCED-RCA-02-23-18                                   Department:       Department of Commerce, Community and
 Title:            ON-BILL FINANCING OF ENERGY                                                  Economic Development
                   IMPROVEMENTS                                               Appropriation: Regulatory Commission of Alaska
 Sponsor:          WOOL                                                       Allocation:       Regulatory Commission of Alaska
 Requester: (H) Energy                                                        OMB Component Number:                2417
 Expenditures/Revenues
 Note: Amounts do not include inflation unless otherwise noted below.                                                             (Thousands of Dollars)
                                                 Included in
                                    FY2019       Governor's
                                Appropriation      FY2019                                          Out-Year Cost Estimates
                                  Requested       Request
 OPERATING EXPENDITURES               FY 2019        FY 2019       FY 2020                    FY 2021             FY 2022         FY 2023         FY 2024
 Personal Services
 Travel
 Services
 Commodities
 Capital Outlay
 Grants & Benefits
 Miscellaneous
 Total Operating                            0.0           0.0          0.0                          0.0               0.0              0.0              0.0
 Fund Source (Operating Only)
 None
 Total                                           0.0             0.0                 0.0            0.0               0.0              0.0              0.0
 Positions
 Full-time
 Part-time
 Temporary
 Change in Revenues
 None
 Total                                           0.0             0.0                 0.0            0.0               0.0              0.0              0.0
 Estimated SUPPLEMENTAL (FY2018) cost:            0.0                   (separate supplemental appropriation required)
 (discuss reasons and fund source(s) in analysis section)
 Estimated CAPITAL (FY2019) cost:                 0.0                   (separate capital appropriation required)
 (discuss reasons and fund source(s) in analysis section)
 ASSOCIATED REGULATIONS
 Does the bill direct, or will the bill result in, regulation changes adopted by your agency?               No
 If yes, by what date are the regulations to be adopted, amended or repealed?                               N/A
 Why this fiscal note differs from previous version/comments:
 Not applicable, initial version.
 Prepared By:             Stephen McAlpine, Chairman                                                               Phone:       (907)276-6222
 Division:                Regulatory Commission of Alaska                                                          Date:        02/23/2018
 Approved By:             Catherine Reardon, Director                                                              Date:        02/23/18
 Agency:                  Division of Administrative Services, DCCED
Printed 3/9/2018                                                       Page 1 of 2                                                       Control Code: ovnHy
                                                                                                          CSHB 374(ENE) - Fiscal Note 1
                                                  FISCAL NOTE ANALYSIS
STATE OF ALASKA                                                                    BILL NO. HB 374
2018 LEGISLATIVE SESSION
Analysis
   HB 374 would add new sections to statute (AS 42.05.750  42.05.756) to allow an electric or gas distribution utility to enter
   into a financing arrangement with a customer or landlord to finance the purchase and installation of a renewable energy
   system, energy efficiency device, or energy conservation system in an eligible residence or building.
   The utility is allowed to recover the purchase, installation, and financing costs through a meter conservation charge on the
   customers utility bill, with the utility also allowed to assess interest. This legislation establishes a meter conservation
   charge as a line item charge on the customers bill, with the utility allowed to disconnect electric or gas service for
   nonpayment of the meter conservation charge.
   HB 374 also addresses notice requirements for and the transferability of the financing arrangement, adds provisions
   specific to rental properties, and provides the utility with the ability to contract with a third party to administer the
   financing program.
   The Regulatory Commission of Alaska (RCA) would be required to review and approve tariff revisions filed by regulated
   electric and gas companies seeking to establish program rules and cost assessment methodologies. The RCA would also be
   required to review proposed interest rates and disconnection provisions to ensure compliance with statute, with the
   possibility of a rulemaking proceeding to address general program guidelines. Once implemented, the RCA could be
   required to address consumer complaints regarding the assessment amount or disconnection process.
   The RCA expects to implement the provisions of this legislation with existing resources.
(Revised 9/26/17 OMB/LFD)                                                                                             Page 2 of 2
HB374-DCCED-RCA-02-23-18                                        Page 2 of 2                                                Control Code: ovnHy
Statutes affected: 
HB0374A, AM HB 374, introduced 02/21/2018: 44.88.599, 42.05.751, 42.05.753, 42.05.754, 42.05.261, 42.05.381, 42.20.040, 42.05.752, 42.05.755, 42.05.750, 42.05.756, 45.50.481
HB0374B, AM CSHB 374(ENE), introduced 03/09/2018: 
HB0374C, AM CSHB 374(L&C), introduced 04/02/2018, passed House 04/06/2018: 
HB0374D, AM SCS CSHB 374(CRA), introduced 05/01/2018, passed House 05/12/2018, passed Senate 05/12/2018: 
HB0374Z, AM Enrolled HB 374, introduced 05/12/2018: 