SB 243 - Expands Subsidization of Electric Utilities - Alaska Key Vote
Mia Costello voted Yea (Passage) on this Legislation.
Timeline
- Executive Signed
- July 15, 2022
- House Bill Passed
- May 16, 2022
- Senate Bill Passed
- May 3, 2022
- Introduced
- April 19, 2022
Related Issues
Stage Details
Title: Expands Subsidization of Electric Utilities
Signed by Governor Michael Dunleavy
Title: Expands Subsidization of Electric Utilities
Vote Smart's Synopsis:
Vote to pass a bill that expands the subsidization of electric utilities.
Highlights:
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Requires that Commissioner of Revenue apply “prudent-investor rule” in managing Power Cost Equalization Endowment Fund (Sec. 1).
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Defines prudent-investor rule as “considering preservation of the purchasing power of the fund over time while maximizing the expected total return from both income and the appreciation of capital” (Sec. 1).
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Increases subsidies to electric utility companies (Sec. 2).
Title: Expands Subsidization of Electric Utilities
Vote Smart's Synopsis:
Vote to pass a bill that expands the subsidization of electric utilities.
Highlights:
-
Requires that Commissioner of Revenue apply “prudent-investor rule” in managing Power Cost Equalization Endowment Fund (Sec. 1).
-
Defines prudent-investor rule as “considering preservation of the purchasing power of the fund over time while maximizing the expected total return from both income and the appreciation of capital” (Sec. 1).
-
Increases subsidies to electric utility companies (Sec. 2).
Title: Expands Subsidization of Electric Utilities