Energy (Utility Regulation)

SB 32 allows certain electric cooperatives in Alaska to include costs for small-scale renewable energy projects (under 15,000 kilowatts) and battery storage systems in their utility rates, provided the projects are approved by the utility's board. It specifically covers facilities using geothermal, wind, solar, hydro, tidal, biomass, or other renewable energy sources. The bill directly affects electric cooperatives organized under Alaska law that participate in utility reliability organizations. This change enables these utilities to recover eligible costs through customer rates rather than bearing them entirely themselves.