Section 3.107.605. Public purpose requirements of renewable energy grants.

The authority may take actions it determines are appropriate to protect the public purpose of renewable energy grants and the public interest in and benefit from the use of grant funds, including  
		(1) limiting recommendations for grants to preliminary development phases, until the authority determines that subsequent phases are feasible, will result in sufficient benefit to the public, and are otherwise appropriate for grants;  
		(2) seeking repayment of some or all of a grant if the grantee fails to comply with the terms and conditions of the grant or, without the prior approval of the authority, sells, conveys, or encumbers a project constructed with renewable energy grant money;  
		(3) requiring review and approval by the Regulatory Commission of Alaska or, if the Regulatory Commission of Alaska does not have or exercise jurisdiction, review and approval by the authority, of rates charged for the use of assets funded in whole or in part with a renewable energy grant and for energy generated by those assets;  
		(4) determining whether an applicant that is not a governmental entity and not a utility regulated by the Regulatory Commission of Alaska will own and operate the project in a manner that will provide sufficient public benefit to support a recommendation under AS 42.45.045 and 3 AAC 107.600 - 3 AAC 107.695 for a grant; in making a determination under this paragraph, the authority will consider the applicant's previous experience, its ownership and financial resources, proposed financial oversight, and other factors relevant to the analysis of public benefit.  

Authorities

42.45.045;44.83.080

Notes

Authority

AS 42.45.045 AS 44.83.080

History

Eff. 10/16/2009, Register 192