(a) Subject to appropriations for the purpose, during each fiscal year, the authority shall allocate to each entity listed in (b) of this section an amount to reimburse the cost paid by the entity during the immediately preceding fiscal year for the principal and interest on outstanding debt for the project listed. An allocation may be made to an entity only if

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Terms Used In Alaska Statutes 42.45.065

  • authority: means the Alaska Energy Authority. See Alaska Statutes 42.45.990
  • Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
  • power: includes electrical energy generated, distributed, bought, or sold for lighting, heating, power, and every other useful purpose. See Alaska Statutes 42.45.990
  • project: means a plant, works, system, or facility, together with related or necessary facilities and appurtenances, including a divided or undivided interest in or a right to the capacity of a power project or project, that is used or is useful for the purpose of
    (A) electrical or thermal energy production. See Alaska Statutes 42.45.990
(1) the debt was incurred before July 1, 2005; and
(2) the power project financed with the debt proceeds is owned and operated by the entity.
(b) The authority may make an allocation to an entity under (a) of this section only for reimbursement of costs incurred for construction and renovation of the following power projects and only for reimbursement of total project costs incurred up to the following amounts:

PROJECT

Kodiak Electric $

Association, Inc. 6,0

(Nyman Combined 00,

00

0

Cycle Cogeneration Plant)

Cordova Electric 12,

Cooperative (Power 00

Creek Hydropower 0,0

00

Station)

Golden Valley 70

Electric Association 0,0

(Rock Creek line 00

extension)

Copper Valley 10,

Electric Association, 00

Inc., Valdez 0,0

00

(cogeneration projects)

The Four Dam Pool 20,

Power Agency 00

(Southeast Intertie, 0,0

00

Swan Lake to Tyee Lake)

Metlakatla Power and 3,0

Light (utility plant 00,

and capital 00

0

additions)